Topic: the first reason why fraud projects are increasingly rampant? (Read 935 times)
Because people decided that it’s easier to cheat than to do something good. A very strange attitude to the world. But nobody knows how to change it.
The problem is, investors are easily persuaded by a good white-paper, credible team (which is usally fake), a good web design, and good investment return promises. That is why conducting a research before investing is a must, if you can join any of their social group such as telegram, twitter, fb or any platform where you can ask questions directly to the team, do so.
You obviously have not really mingled online with people who invest! They don't even really need a whitepaper or do their own due diligence. They just look up a rating on ICObench, look for a few youtubers and even just listen to Mcafee or Molina.
People are people. They believe in dreams and fast returns. Sad but they don't even really care or understand about whitepapers or teams.
Project scam has been happening for a long time, and they continue to grow until now. We can't complain in a situation like this, instead they teach us how to choose projects that are truly real, they offered us services to join their ICO, while we choose their program. If we are not smart and careful when choosing, then we will always be stuck in a scam project.
Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers. 
This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!
In investment don't believe anyone except yourself. It's hard to find out a good ICO at this time. Most investors believe in winged words of ICO project and invest in it. It's how they lose. Don't believe in winged words, believe in what you see, how they develop and delivery production out
This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!
In investment don't believe anyone except yourself. It's hard to find out a good ICO at this time. Most investors believe in winged words of ICO project and invest in it. It's how they lose. Don't believe in winged words, believe in what you see, how they develop and delivery production out
I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!
on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token
imagine if this continues, then the rich will increasingly become rich !! scamers
lon the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token
imagine if this continues, then the rich will increasingly become rich !! scamers
This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!
Project scam has been happening for a long time, and they continue to grow until now. We can't complain in a situation like this, instead they teach us how to choose projects that are truly real, they offered us services to join their ICO, while we choose their program. If we are not smart and careful when choosing, then we will always be stuck in a scam project.
Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers. The problem is, investors are easily persuaded by a good white-paper, credible team (which is usally fake), a good web design, and good investment return promises. That is why conducting a research before investing is a must, if you can join any of their social group such as telegram, twitter, fb or any platform where you can ask questions directly to the team, do so.
Project scam has been happening for a long time, and they continue to grow until now. We can't complain in a situation like this, instead they teach us how to choose projects that are truly real, they offered us services to join their ICO, while we choose their program. If we are not smart and careful when choosing, then we will always be stuck in a scam project.
Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers.
well, I don't pay attention on initial coin offering anymore. I don't care about what the scammer paid to get his shitty website done. if any sales are not initiated on a reputable exchange am not ever going to pay attention to such a project. if only people can learn and not keep falling in the traps of these scammers.
Investors should still provide opportunities for projects if they are not successful in the first year, but at least the project will continue and have a future. That is what the community and investors want. But now the ICO project is just junk scattered in the cryptocurrency community that continues to commit fraud.
This is very detrimental to new projects that are really serious about building projects but do not get the support of the community and investors because trust has been damaged by the fraudsters.
This is very detrimental to new projects that are really serious about building projects but do not get the support of the community and investors because trust has been damaged by the fraudsters.
There are no sufficiently developed structures or companies on the cryptocurrency market that would control the development of new projects. If we are talking about fraud on the cryptocurrency market, then this is a criminal activity of scammers and should be prosecuted, according to the Criminal Code of a country. but for this it is necessary to create opportunities so that there is a real registration of all new projects with real names of those people who are engaged in development. Based on this, the number of fraudsters can be reduced significantly, and thereby protect investors from loss of funds.
Ofcourse it's obvious the main factor is money, some people want to earn quick buck but if the scamming is so rampant so many people got scammed there's should be prevention to keep these scam at bay, scammer will always exist but we could keep them at bay with some prevention.
While there is no formula to prevent the circulation of scam projects. Because they do it very neatly, so we often get caught up in the evil plans they carry out. Bounty hunters must be careful when choosing projects they will participate in, because now it is very difficult to distinguish between original projects and scam projects. legendary
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the first reason why fraud projects are rampant is because of money. money can change everything, scamers commit fraud of course based on big profits or big money proceeds from fraud. if it wasn't for money then certainly nothing would have happened about fraud. On one hand, Ethereum's smart platform still has shortcomings and can certainly be misused by scamers. including making tokens using the erc20 platform.
Ofcourse it's obvious the main factor is money, some people want to earn quick buck but if the scamming is so rampant so many people got scammed there's should be prevention to keep these scam at bay, scammer will always exist but we could keep them at bay with some prevention. I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!
on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token
imagine if this continues, then the rich will increasingly become rich !! scamers
No matter how much a bad project tries to cover up, there must be something that gives it out that they are fake. It's up to you on the effort you put in trying to find out what's right for you or not. If you take the time to check some things on the project you will definitely be able to tell whether they are scammers or not. Some of the things that usually show them off, the first one is wrong spellings and usage words, but a lot of them are getting better at that and taking their time to make it look good.on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects
https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token
imagine if this continues, then the rich will increasingly become rich !! scamers
The next thing if you're on their site is to check for the ‘https’, if it's not there, then you have to be really careful. The main thing that works is checking their team.
the first reason why fraud projects are rampant is because of money. money can change everything, scamers commit fraud of course based on big profits or big money proceeds from fraud. if it wasn't for money then certainly nothing would have happened about fraud. On one hand, Ethereum's smart platform still has shortcomings and can certainly be misused by scamers. including making tokens using the erc20 platform.
Fraudsters and scammers are in every sector of the life and business and they cannot be stopped 100 percent of the times but with research, due diligence and being caregul we can avoid these scammers most of the time, for ico scams i think their should be an escrow service which checks each new ico, holds its coins and interviews the team and after full satisfaction it should give green signal for the ico to raise funds this procedure and filter and stop scam icos.
Don't worry I don't hear any ICO that success now and it looks like no investors are interested in ICO's anymore. We have IEO now, but I prefer IEO with Binance because it has more chances of success with good quality projects, I guess all of the projects that conduct IEO on Binance are unique and top-notch. IEO from low volume exchange are not advisable. Those ICO cannot raise a decent amount anymore even legit projects cannot raise at least softcap in short ICO is dead.
I believe it take a professional hand to get the fake project, everyone just have to be careful of them. They are ofcourse very rampant and also take professionals hand to recognize them. Many of them are bait for our wallet to steal away token.this is one of the reasons KYC and IEO came up.yet it cannot be totally eradicated.
since the ICO boomed or rather when in 2017 many projects were successful and profitable for most project investors and prize hunters at the same time. but after that ICO felt like a hotbed of fraud, scamers made a lot of money from the results of ICO fraud and many prize hunters did not get commensurate results after promoting the project for that long.
I personally now already instilled a mindset, willing to join a project if their tokens really listed on the top Exchange, if not, then I will not join any project. Scammers look for greedy people, because greed can blind their minds and hearts. My advice is don't be lured when they give rewards with large token.
Now it's very difficult to find projects that are truly real, we must work hard before deciding on the project we will follow, That's the reason we have to research before getting stuck into a scam project, As bounty hunters we must have special tricks when choosing good projects. we must first pay attention to the development of token sales, Transparent ico, a reliable team and the best ICO rating so the guarantee we can get will be even greater. Jump to: