Topic: The solution is just there - page 3. (Read 271 times)
If its that easy to collect data from team, scammers will create their own coin ranking sites like CMC and coingecko. I have recently seen one created by a user who asked for review of his CMC like website. Its not that difficult, all it needs is a script to upload on the server.
Team of scammers will always hide their identity so its best to just invest to coins that ranked on top or just Bitcoin.
I don't think that is enough to stop scammers, first they can submit fake team verification and they don't have the right to ask that since they are not listing site it is much suitable for exchange site but most of the scam projects can be traded to decentralized platform. I think the one that should have the right to ask for verification is not coingecko but the one that list those coins.
ya.ya.yo!
ya.ya.yo!
the process of verifying a team working on a product is actually not difficult just attending an open meeting can virtual etc and it is a good idea to reduce a bit of scammers ,It also helps us to sort out what projects or products we will include in our portfolio ! cmc and cgko will think of this idea if we community make a request to them ,another option there should be another supervisory agency to be able (another product) enter their platform
That's a good idea to filter out good projects or projects with real team behind and which has not but I don't think they can do that since most of the underdog projects were looking forward to list their coin in coingecko for information of their coin and it is really hard to filter out which project is scam or not that is why it is the responsibility of the investor where they are going to invest their money.
If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
More and more scams are not the fault of Coinmarketcap, it's because too many people want to make quick profits, they don't do their research before making an investment. They just enter into an obscure project, and end up being scammed.
Personally, I think that platforms like coinmarketcap and coinecko do not just host projects. I think that in order to get on coinmarketcap and coingecko you need to fulfill certain conditions. So coinmarketcap and coinecko always care about the safety and cleanliness of projects. Personally, I always use coinmarketcap and coinecko for my own purposes to develop a successful business. So we can say with confidence that coinmarketcap and coingecko work for us and always offer us the latest crypto market news.
It will help us to avoid scam projects but we have various ICO ranking site which does validation still people don't buy in those validation due to favorism which has happened in the past for ICO rankings and it's obvious that people will not believe them different sites have different info like one ranking site rates a project 4/5 while other says it's 2.5/5 then we cannot rely on them as either one of them is giving our false information. If CMC or coingecko starts doing it then it would be helpful and there needs to be a standard protocol which should be followed and they should list only whose ICO's wherein team verification has been completed.
Good idea. But, other websites does that and it's a shame if their employees will be jobless if CMC and Coingecko will do it all. There should be a division on where they specialize to achieve accuracy and quality.
Those two big companies cannot take it all and besides that would be a lot of work, not everyone relies on them like deean_3one.
A lot of people are already lazy and scammers are getting happy every day. Let's not make them happier by being lazier.
Those two big companies cannot take it all and besides that would be a lot of work, not everyone relies on them like deean_3one.
A lot of people are already lazy and scammers are getting happy every day. Let's not make them happier by being lazier.
If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
To avoid scams do not rely on coinmarketcap and coingecko only. They just do what's their job. We are the ones who have to be careful to avoid scams.
Here are the steps you can take to avoid ICO scams.
1. Find out everything about the developer team on the ICO project
2. Check in the community and media.
3. Check the project stages and Venture Capital investments.
4. Read the thread [ANN] on the BitcoinTalk Forum to add information from the ICO project.
5. Read the white paper.
6. Check the quality of the code used.
If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
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