The duty of coinmarketcap.com, and coingecko.com is just to make sure that they are listing as much coins as possible in the market. It is not their job to identify whether a crypto currency project is a scam or not, that is something that is left for us as the investors and users to know whether we are investing in the right coin or not.
So, you shouldn’t expect them to do this for you, rather you should be careful yourself and know what to avoid when looking for a project to invest in. Moreover, there are already lots of popular cryptocurrencies in the market that you as an investor can choose to invest in without having to look for all those little coins that’s owned by scammers.
Topic: The solution is just there (Read 318 times)
If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
First of all you have to know that this is not their duty, they have one duty which is just to list all the coins that are available in the market, and not to go round checking whether they are scam or not. These people list a lot of coins in a week, and I don’t think they will have that kind of time to start checking which project is a legit one or the ones that are owned by scammers.I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
Furthermore, when you want to trade these coins, where you usually go to is exchanges like binance.com, and coinbase.com, or any other exchange in the market, and you don’t go to coinmarketcap.com or coingecko.com to sell these coins.
Maybe if you have said that exchanges should start doing this particular thing, then I would say you are right. Because exchanges, especially the centralized exchanges should be the ones checking whether a project is legit or not, this is not something that should be meant for Coinmarketcap to do.
Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.
That is true, I also noticed it on some telegram group. They celebrate their listing on coinmarketcap and other tracking sites and it got be wondering if they really know what those sites do. But I understand those listing give them more exposure. Cryptocurrency project are built around hype. Even if you have the best project, you have to create some hype around it so more and more people get to know about the project and invest in them.
These projects uses this news of new listing to create hype and newbies fall for it every time. They have to understand that those are just hyping ongoing and nothing too special to celebrate because any project with the right qualification can get listed.
If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.
Well, it is not an easy task to find out every coin, plus considering these days crypto is becoming more centralized and people want "doxxing or kyc of the team members" for some reason like the greatest crypto doesn't even have a satoshi nicknamed guy at the creation...I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.
It is really not easy because most of the projects are scams, the ones that you see that does well are like one in a thousand, there are so many coins that you do not hear about because there are thousands, we are talking about like at least once a day every single day, probably more frequently, I guess on average like 2-3 per day. This is how many coins are out there. CMC could only list the ones that trade well and look at that part.
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
They are just services to list the price of crypto assets, they don't have the duty per se to verify everything. It's our job as investors to do our due diligence and see what is right, it's our money anyways.
Scammers are everywhere, not just in crypto world. That's why we need to be very careful of the people we talk to specially in the market we live in because we are all (pseudo) anonymous.
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If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.
Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.
That is true, I also noticed it on some telegram group. They celebrate their listing on coinmarketcap and other tracking sites and it got be wondering if they really know what those sites do. But I understand those listing give them more exposure. Cryptocurrency project are built around hype. Even if you have the best project, you have to create some hype around it so more and more people get to know about the project and invest in them.
These projects uses this news of new listing to create hype and newbies fall for it every time. They have to understand that those are just hyping ongoing and nothing too special to celebrate because any project with the right qualification can get listed.
They are just a tracking website so I do not think KYC is needed. Them listing a token does not mean the token is legit. They are not exchange that should do more research before listing a project. You are supposed to use Coinmarketcap to just monitor coins and not as investment guide. Many people make the mistakes of thinking, if it is on Coinmarketcap it is worth investing in.
Be more concerned about exchange listing project then Coinmarketcap cap. Before investing in any project do your own research. Nobody is responsible for your safety, that is something to do yourself to be able to secure profits.
It is on the people's mentality already that when they hear coinmarketcap or coingecko they automatically thinks that the project is safe and legit. Not just the people that invests but the project owners pushes this too. When I am on a new project's group the admin will make a countdown that their project is going to cmc or gecko and then people will go wild.Be more concerned about exchange listing project then Coinmarketcap cap. Before investing in any project do your own research. Nobody is responsible for your safety, that is something to do yourself to be able to secure profits.
Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.
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
Do you think that coinmarketcap and coingecko will take the trouble contacting the teams and verifying their details? They are more interested in listing any project which fulfills their criteria as the main purpose of these sites is to earn money and they least care about anyone being scammed by the projects listed on their sites.
lol. okay enough with my laugh.
Not completely wrong man, coinmarketcap and coingecko only do listings for their own profit without caring about scam projects like you said. Because many crypto projects are scams even though they are listed on coinmarketcap and coingecko.
But are we not aware that the more time the 2 sites always improve their services? what they have done so far is also solely to help players who want to enter crypto to avoid scams.
It is indeed difficult to fight scammers, because they will always improvise and continue to develop to be able to deceive new players.
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
They are just a tracking website so I do not think KYC is needed. Them listing a token does not mean the token is legit. They are not exchange that should do more research before listing a project. You are supposed to use Coinmarketcap to just monitor coins and not as investment guide. Many people make the mistakes of thinking, if it is on Coinmarketcap it is worth investing in.
Be more concerned about exchange listing project then Coinmarketcap cap. Before investing in any project do your own research. Nobody is responsible for your safety, that is something to do yourself to be able to secure profits.
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
That never guarantees assurance that those developers will not scam as these scammers are smart enough. Think about even legit projects are turn to scams. They can easily slip on it and pretend that they can be trusted by submitting fake documents, there are a lot of documents found in the black market that can be used for the said purposes. That is why we shouldn't just rely either they are complying KYC, we also have to know their background on our own and must still be carefull.
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
Do you think that coinmarketcap and coingecko will take the trouble contacting the teams and verifying their details? They are more interested in listing any project which fulfills their criteria as the main purpose of these sites is to earn money and they least care about anyone being scammed by the projects listed on their sites.
Maybe that way the scamer will definitely be reduced, but they can still find a way to get in with the bad goals they have planned, but for now the problem can not be resolved because the platform is only the beginning of a project to do a promotion so that it can be attracted by many investors, so to avoid scamers we have to make research on the project we want to follow, especially the clarity of the team managing the project, If their community is strong then the project can be relied on.
...They know how bad the numbers of scammers are growing, I think it's doable
It is possible that this would be the right decision in relation to new projects that have not yet been added to coinmarketcap. But this will not be done, since decentralization and anonymity are a priority. In addition, what to do with those projects that were previously added to the rating?
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
I think, even though coinmarketcap and coingecko did a lot of verification and requirements for new project to be listed on their platforms, there is no guaranty that those project is really good and not scammers. Projects team and leaders of those scam project are very wise because they will perform their purpose after listing. Also it is our responsibility to check the project before investing. You need to do a depth research and don't just rely on coinmarketcap and coingecko. That’s still not their job because investing is our own responsibility and it comes with huge risks.
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
There are a lot of projects where the developers are anonymous many of these are DeFi in nature if both market aggregators don't allow listing without identity verification good projects are not going to be listed and many investors will find and support market aggregator that will support DeFi projects and besides it's not the task of both Coingecko and Coinmarketcap to verify the team code and developers it's against decentralization and anonymity.
Its not CMC and coingecko responsibility to tell investors which projects are more reliable and worth investing money on, that's another load of work to be honest and also why would I trust any of these two even if they are strict with KYC verification from new projects? Is there anything that money can't do?
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
Blockchain is meant to be decentralized, and as such the burden falls upon the individual to stay safe.Any effort to assign a gatekeeper for determining legitimacy is profoundly dangerous.
Firstly, it gives them the power to censor that which it's owners and managers do not like for arbitrary reasons.
Secondly, it gives users the impression that their own due diligence is not required. No matter what criteria is established and processes implemented, however, crooks will get around it. Better to make sure all understand that they are their own gatekeepers and advocates.
It is incumbent upon consumers to get better educated and more diligent about their financial health, not less.
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
I don't think they will. because there are many new projects released every day and it will be very difficult for them to have to verify every team member in all projects. it costs a lot of money just to do those tasks. and if in the end the project remains a scam project, it will only lower their trust in the eyes of the crypto community. i think that's what crypto exchanges should do., because they are the ones shit projects get a place to dump. if every project is strictly verified, we will not find any shit project getting any place to trade their coins. 
agreed CMC should put additional effort in refusing listings of scam altcoins because it could be real problems if so many potential investment that are coming from CMC advertising getting wasted in a scam projects that being wrongly listed by CMC.
they should make some kind of verification so that all these scams altcoins couldn’t get listed in CMC and this could save a lot of investment from being stolen by all these scammers.
altcoins that are having relatively low market capitalization should also be categorized under different category because these kind of altcoins are frequently being used for manipulations of the market causing loss in investment.
they should make some kind of verification so that all these scams altcoins couldn’t get listed in CMC and this could save a lot of investment from being stolen by all these scammers.
altcoins that are having relatively low market capitalization should also be categorized under different category because these kind of altcoins are frequently being used for manipulations of the market causing loss in investment.
Problems in the decentralized field are always difficult to control, no matter how much we try to make things good, there are always spoilers. Greed in nature has created many problems, but the main problem is that each person has the ability to judge everything, so always judge yourself before judging and blaming others.
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
I really like that whole Defi sector of the cryptospace, where you can list, trade, stake and farm your tokens without the need of a listing on a centralized exchange, that are always asking for a listing fee. In the past a lot of good and promising projects have died just because they could not afford to get listed on a good exchange. Those times are over now with uniswap, pancakeswap and so on.
There is also a downside to that development of course. Everyone can now create a new meme coin with literally zero effort and list it on a swap. That is the reason why we have so many sh*t-coins now that are also listed on coinmarketcap and coingecko.
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,
This may help us to prevent the scammers to list their tokens on CMC to get more awareness but when it was about scammer only listed his shit token on the dex and this is become another problem as well. CMC has millions of traffic and i do believe when CMC will be using this idea and scammers will never try to apply to be listed on CMC again. CMC can at least save thousands of people from the scammers from doing shit to fool people. 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
They have not yet asked about this criteria for the new project. So many scammers and this is become a common thing right now but i do believe CMC is not blind. They know about this but they wanna do nothing for this. At least give a tag for a project that already verified through KYC
bitcointalk forum we can also see it on ANN. from there we can review the project before participating. for me it's a first step available on this forum. the affairs of a crypto project will end in a scam, I think that's out of reach. scam or not, depending on the intention.
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
Yes, even if both sites are verifying before they list a new project, that will not stop scammers from scamming people, especially the investors who joined them.It is difficult to stop scammers because they are smart enough to trick their investors and pretend that their project is good to profit.
Our responsibility is to research from coinmarketcap and coingecko or other websites to avoid scammers.
We can only use the data from both sites but the rest will be up to us to determine which coins will be profitable.
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
It is their platform and they have the right to ask the project team for their identity verification. If the project doesn't want to verify themselves, then they can go somewhere else and get listed. But just verification won't stop scammers. As far as I know the squid game token was listed on Coinmarketcap. Didn't they verify the team before listing them? They still scammed their investor. Use your brains and stop feeding those scammers. They will eventually get tired and stop. But as long as people fall for those scams (some do on purpose with the hope of getting rich real quick), they will keep scamming people.
There's always a way for them to get away, thats why investors should be careful and be responsible. Many projects looks legit at first but it turned out as scam taking away the money of the people who trusted them.
We can avoid scam projects if we dig deeper and not be greedy to earn instantly.
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
It is their platform and they have the right to ask the project team for their identity verification. If the project doesn't want to verify themselves, then they can go somewhere else and get listed. But just verification won't stop scammers. As far as I know the squid game token was listed on Coinmarketcap. Didn't they verify the team before listing them? They still scammed their investor. Use your brains and stop feeding those scammers. They will eventually get tired and stop. But as long as people fall for those scams (some do on purpose with the hope of getting rich real quick), they will keep scamming people.
I think they both do some kind of verification before they list any project and their platform The issue is basically crypto can be decentralized and you have no reason to dispute that and Mostly dyor is the best case and my advice is dont buy token or coin that have done like 100X except you are really sure about the project and the team and that is do your own research mate and act like is your funds
...Team of scammers will always hide their identity so its best to just invest to coins that ranked on top or just Bitcoin.
This is not always true. Most of the community doesn't trust anonymous teams nowadays so these scammers have to adjust as well. I've seen cases of doxxed teams running away after dumping tokens or a rug pull. They start of good with AMA sessions and all that makes them look trustworthy at first. ~
If you even look in Scam Accusation here in the forum, you can see scammers faking their own photos and identity through photoshop making it impossible for even Google Image Search Engine to search similar images of the fake one to find the original.It could lessen scams, but it won't stop it for sure. The exchange site that the coin is being traded at is also a thing.
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 some extent, it could have helped but like you already said they are just a review site where investors get certain information about a particular project, since we are talking about a decentralized space and this site are run mainly on seeking information purpose nothing more I don't think they can request that from the various dev team, especially now, if this was something that was there from the beginning that would be different,
Although assuming it has been in the picture from the beginning it would really have saved many from falling into the hands of scam projects, at least reduced the possibility to a greater extent, even though some fully vetted projects still end up rug pull on their investors.
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
coinmarketcap and coingecko cannot do the verification for you. Although this two exchanges have their criteria for listing coins but its definitely not based on future turnout this is why you don't just invest in a coin because it is listed on coinmarketcap nor coingecko do your own research and save the chances of losses even though losses is part of the business and scammers are everywhere doing all they can to promote their coin when the know too well it would fail sometime in the future 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!
Fake team KYC ? Ask binance exchange their way of verification is different, it's video KYC verification not just submitting passport or identity card, KYC verification have Improved massively compare to past KYC idea. ya.ya.yo!
There are several coins in the market that is still not listed on both places still surviving but I don't think these platform will follow these criteria. It's an investor's duty to do proper research before investing in any coin but your idea is quite good.
It's easy to filter the scam project through KYC implementation so what about coinmarketcap and coingecko? have they ever tried to implement this before? these days there so many service to be used by the team that runs the project to do KYC for their investors. I think that this is the best way to decrease the scam project. So manys cam project appeared in daily basis. this creates so many fear around the crypto market.
Coinmarketcap and coingecko will not do that. I guess if this will be implemented and then less shit tokens will come to the coinmarketcap and coingecko but this is just our speculation.
coinmarketcap can do this since a a few years ago but why this thing has not yet implemented.
Coinmarketcap and coingecko will not do that. I guess if this will be implemented and then less shit tokens will come to the coinmarketcap and coingecko but this is just our speculation.
coinmarketcap can do this since a a few years ago but why this thing has not yet implemented.
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
There are many crypto projects that have anonymous founders and team. If you really want to participate in a new project with a known team, you can look for them in audit websites like certik and rogdoc. Though a know team is less likely to pull a scam, a team won't guarantee a success either. There would be less rugpull and vanishing with ICO funds but there could be other ways to scam.
indeed one way to overcome fraud because both platforms really need us to look at coin criteria such as price and also the team in it..
for now you need to be careful because there are so many scams that use any means to gain profit.
for now you need to be careful because there are so many scams that use any means to gain profit.
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,
I do agree and this idea may help to reduce the possibility for the scam tokens to be listed on CMC and coingecko but remember that so many shit scam tokens can also ignore CMC and coingecko. Remember that CMC and coingecko will be only evaluating the tokens that already been asked to be listed on these sites. If you meant about tokens that didn't intend to list on CMC and coingecko and then both have no control over it.DYOR is a must. 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
They ask it but not for KYC. It seems like the team of CMC and coingecko are always listing any tokens that sent an application to them. I know that scam tokens are flooding the market right now. that's why this idea may help it but remember that bunch of new tokens applied to be listed on CMC and CG
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
Crypto is somewhat of a "do it yourself" network, so waiting for CMC or coingecko to do something like that will more or less turn out fruitless, of course I get your idea and what you feel this is going to achieve, but they (the exchanges) are only doing their 'job' by listing coins, and thus it then becomes the duty of an investor to do his research on the coins before investing, that's why in crypto we use the axiom: "Do your own research", I'm afraid if one waits for one third party service or the other to research for them, then you'll prolly get scammed many times.Having said that, many of this scammers are the ones 'producing' new coins every now and then, would it not be better if investors select only coins that are somewhat established, and even if they want to put money into new projects, then they must only invest only what they can afford to lose, so if the project actually turns out to be a scam, they'll only lose something very small.
scammers are actually human nature in my opinion, verification is useless but the nature and intention to deceive is in the soul,
but if the verification is done in a conference, I think the scamer can reduce the amount, why conference because the cmc can take the verification of the real face with the team data they include on the web
but if the verification is done in a conference, I think the scamer can reduce the amount, why conference because the cmc can take the verification of the real face with the team data they include on the web
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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