Too good to be real projects - page 5.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: LogitechMouse on April 05, 2020, 05:31:54 AM

The lesson: See if the main use of the token is real or I should say too good to be real. If you find the use of the project not real then ignore it.

AI has been used as a buzzword but only to fool investors. Real development on it is happening in the tech firms and not some cyberpunk group who aims to become big by hoarding crypto. Thing is some people are foolish enough to put their money into these schemes hoping to get rich because it carries that buzzword. Blockchain was the older one and now it has been AI, you might even remember could computing being one of the more older buzzwords.

These projects literally failed or better to say didnt even develop anything in the first place. They run a nice scam and people are crying for being foolish now. So to prevent such incidents from happening, invest in mainstream companies and not shady startups/vaporware.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Romeotom on April 05, 2020, 09:23:33 AM

Well said, even when i get a project then i do analysis long time with i check their (roadmap, team profile, partnership, telegram, activity IEO/ICO planing). I get low scam project list but more time i face failed project their token sales.

It caused by the majority of projects who are failed on their token sales caused by they have no strong vision that can make investors wanna try to buy their token. This already happened so many times when a project failed to reach the soft cap. I have seen it so many times dude.

Romeotom

member

Activity: 821

Merit: 20

SOL.BIOKRIPT.COM

Well said, even when i get a project then i do analysis long time with i check their (roadmap, team profile, partnership, telegram, activity IEO/ICO planing). I get low scam project list but more time i face failed project their token sales.

Crypto_lion

member

Activity: 630

Merit: 11

NEW MEDICINE:Faster, Safer, Smarter

There are some superficial projects which claim to implement artificial intelligence and machine learning inside the blockchain platforms. Blockchain is already in it's naive form and it has to take off . ML and AI are already in their naive stage as well . It will be difficult integrating them together .

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

I have fell for this too. Not as an investor but as a bounty hunter though.

I joined a bounty program which is related to AI Technology. We have watched the content of their video and we found it amazing. Since we are newbies at that time, we joined on their campaign. Cut the story short, luckily we got paid and it has been listed on an exchange already. The problem is the price of the coin went down very hard from around ~$1.00 to around ~0.01 right now. We have regrets that we hold it hoping that AI technology will boom in the next years but it wasn't the case.

The lesson: See if the main use of the token is real or I should say too good to be real. If you find the use of the project not real then ignore it.

EverybodysGottaPrice

newbie

Activity: 27

Merit: 2

Too good to be real: My candidate is QUANT (QNT), currently ranked around nr. 75 on Coinmarketcap, with a marketcap of ~50 mil USD.

It has one of the most active communities of all crypto projects: Their unofficial telegram channel is exploding almost every day.
A patented unique tech (Overledger) that connects all different networks without adding an extra Blockchain / Consensus.
Connections to the UK government, and the EU, working already with banks on different trials / POCs behind closed doors.
NO inflation, like with so many other altcoins, and the token (QNT) has a real utility. Its needed for all transactions within the network, and for licensing purposes.

IF you have missed the early XRP run in 2015-2017, this could be the next project with a similar run, and it doesn't even need a marketwide bullrun to achieve this.
It already went from position 700 to 70 during the 2018/2019 bearmarket while 99% of the altcoins have dumped like crazy.
I'll just leave the following link here:
https://www.reddit.com/r/CryptoMoonShots/comments/fsyml2/quant_network_qnt_cryptocurrencys_last_unicorn/

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I think it's just better to verify their claims and not just wave them off because you think it can't be done in Crypto space. I believe there are other decentralized ways to get things like that developed without necessarily using a Blockchain. I suspect there will always be very few real solutions out of hundreds of fakes/scams. So, it's better for investors or hunters to research and verify the claims.

Clark05

sr. member

Activity: 1274

Merit: 263

A good project sometimed is hard to find because they have a lot of scam right now. Scammer is very smart their true colord to hide the truth that their project is a scam so many investors are losing a lot of money once they invested to the project and only some of them are getting a lot of money with the true project but out of 100 project at this moment only 5 upto 10 is the legit and successful that is what I think.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

Indeed you are pertaining to that kind of project. An entire city running with only A.I will be the best city in the whole world. imagine you don't need to have a sales lady or something like that, everything is using A.I including the rail system. that would be good to be seen if something like that would be possible. But the problem is, like you said, nothing like this will ever going to happen because there has been no successful city including japan that makes this thing possible. Right now, this idea is completely out of this world.

jessyj48

member

Activity: 756

Merit: 14

Quote from: trauchot on April 05, 2020, 02:39:39 AM

In the cryptocurrency sphere, a lot of fraudsters create scam projects because they know that they will not be punished for it, therefore you should always carefully study each project in which you want to invest your money so that you will don’t lose your investments in the end because of the scam projects.

Seriously I'm waiting for that day when every thing change in crypto space, scammers are roaming freely because no one can catch them, seeing Binance CEO taking over coinmarketcap is really a good start

trauchot

member

Activity: 1764

Merit: 10

In the cryptocurrency sphere, a lot of fraudsters create scam projects because they know that they will not be punished for it, therefore you should always carefully study each project in which you want to invest your money so that you will don’t lose your investments in the end because of the scam projects.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Republikcoin.com on March 31, 2020, 01:22:52 AM

out there, there are so many projects that have done ICO / IEO that at this time haven't even made any progress. in fact, they continue to make promises and procrastinate by taking advantage of the situation.

They farm the finances in other words and look for a private deal to sell off the failed company to someone who is going to sell it again. It is a business tactic and since the investors have no legal power here the owners are doing stuff at their free will completely disregarding the people who wasted their money these projects.

Quote

however, I'm also careful about things like that. even when a project promises something, and it is not fulfilled at a certain time, I might blacklist the project.

That is useful before investing in the project. How will you know that promises remained unfulfilled if you never invested in them? Of course you could follow their social media channels and get the idea but then if you are a non-investor just watching the project you will lose interest in them, generally speaking.

Diamond_Darrell

full member

Activity: 1106

Merit: 103

♦♣♥♠

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

Almost all projects that claim to be a revolutionary breakthrough in any field are potential scammers. Places are already taken and a new gambler can appear only with the support of someone very passionate and influential

Baimovic

full member

Activity: 1210

Merit: 100

Quote from: fortunecrypto on March 13, 2020, 01:30:21 PM

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

It's not about the project really it's the people behind the project, if the people behind it are great developers with good background in their fields they can do what they are promised to do, because they are capable to do it, so even if the projects are to good to be true it can be accepted if the people working on it are capable and honest.

yes,The reputation of the developer and the team behind the project is an important role in the ICO project industry. on the other hand the success of a project depends on how they work, and of course product marketing is also very important, I mean if the project is successful but the product is not functioning properly this can affect the reputation of their project. In most cases the project is successful but the product cannot function properly.

Davian144

hero member

Activity: 2576

Merit: 579

Quote from: TanakabZX on March 31, 2020, 02:13:42 AM

I will like to mention few projects that indeed raised softcap but never continue development simply because their use case is over exaggerated, Mindsync and windhan, these projects are completely red flag, they manage to raise softcap but I knew it won't work

Yes, and whatever will be done by the two projects will obviously be in vain because like Mindsync, which until now their tokens have no place to be traded by every participant who has ever participated there, this is certainly very painful.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: TanakabZX on March 31, 2020, 02:13:42 AM

I will like to mention few projects that indeed raised softcap but never continue development simply because their use case is over exaggerated, Mindsync and windhan, these projects are completely red flag, they manage to raise softcap but I knew it won't work

They are greedy people who just like to make money from their investors and give nothing back to them.
Devs are likely to blame this one but as an investor also, we should be careful in choosing a project for investment and I would like to suggest just invest projects that have a working product in the market. A lot of ICO/IEO projects seem to look promising at first, runs by know personalities but later on, they end up scamming. Nothing will give assurance to us, that is the true fact here.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

I agree, although not all projects are successful in producing products, many investors are interested in investing because of expectations of technological and regulatory advancements. I would prefer tokens or coins that have been listed at large exchangers because usually they have passed strict verification

TanakabZX

member

Activity: 504

Merit: 16

I will like to mention few projects that indeed raised softcap but never continue development simply because their use case is over exaggerated, Mindsync and windhan, these projects are completely red flag, they manage to raise softcap but I knew it won't work

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

out there, there are so many projects that have done ICO / IEO that at this time haven't even made any progress. in fact, they continue to make promises and procrastinate by taking advantage of the situation. however, I'm also careful about things like that. even when a project promises something, and it is not fulfilled at a certain time, I might blacklist the project.

daglordjames

member

Activity: 550

Merit: 10

Quote from: DDante on March 12, 2020, 04:47:18 AM

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

yes, you're right being offered by really good is really something bizarre because they keep telling the investors about what're they gonna make about it and they cant even do something about it.

Topic: Too good to be real projects - page 5. (Read 1128 times)