What project is scam? - page 4. | Bitcointalksearch.org

roshanfious

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Quote from: Riddikulo on February 18, 2018, 09:39:37 AM

These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

How can you testing a project ( ICO ) when they only provide you some anonymous information and a white paper only ? It's only like a promise and you can't do nothing with it.
The only thing we have to do to protect our money is don't ever invest in those project with nothing showing up.

Magister Magus

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Most of ICO promoters are now very skilled in making their product to appear very attractive, and I suspect they put much more effort on marketing that in the creation of a solid background.

So, it's more and more difficult to evaluate the potential of an ICO. Btw, with just a little attention, you can avoid the most obvious scams.
And with a little attention more, you can identify the probably winners.

Landakhitam

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Quote from: Riddikulo on February 18, 2018, 09:39:37 AM

These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

it seems not only that point is important,
we must know the information about them first before follow ico

Riddikulo

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These are good points for testing the project. But nevertheless, you need to pay attention to the idea, the availability of a working product and an open smart contract.

OdinsPlayground

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I doubt many would actually contact a team before investing. And if a big project... I can understand if they are slow at answering mails etc as well. But being active on social media and answering people on telegram / twitter is a good sign of someone being professional.

Brunus

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Rasputin Party Mansion

Thank you, you made an useful check list, even if - as you said - you can never be 100% sure.
Btw, it seems to me that rarely an ICO starts with scam intention. More likely, it's all about bad projecting and bad management.

crypto freelance

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Thank you for publishing this post, made a lot of interesting and useful things

Road445

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The Experience Layer of the Decentralized Internet

Most of the time, you should avoid the Russian and European ICO projects.
Because the ICO projects in both areas are mostly a fraudulent project, they need to be more cautious.

aleksandra_kickcity

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Quote from: cryptonianz on February 16, 2018, 09:11:56 AM

Scam projects and ICOs are everywhere. About 90% of ICOs are scams thats why everyone needs to do there due diligence before making investments.

you need to be careful blaming each ICO scam

cryptonianz

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Scam projects and ICOs are everywhere. About 90% of ICOs are scams thats why everyone needs to do there due diligence before making investments.

ekoyulio20

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this is very good information, and where I also always practice it when I want to follow a bounty where. I think that very often I use as a benchmark whitepaper and roadmap on a project I think it is the main thing in choosing a project. and thank you for sharing about whether the project scam or not thanksyou verymuch new science again for me.

aleksandra_kickcity

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Quote from: Obi2024 on February 16, 2018, 08:47:00 AM

Quote from: aleksandra_kickcity on February 14, 2018, 08:59:12 AM

You can't always be sure if a project scam or not. But I decided to make a list of steps every newbie should cross before investing a project Shocked

Step 1 - you need to visit a website. You need to make sure there is white paper, team, advisors and links to social networks (a project without this information can't be trusted);

Step 2 - you need to read a white paper carefully. Pay your attention to the idea, concept and realization;

Step 3 - check out all social networks and blogs. If the project is alive there should be regular updates;

Step 4 - you need to contact the team. The feedback is very important thing. If the team doesn't answer you it is a bad sign;

Step 5 - join this project community (telegram chat or btctalk tread). There should be 24/7 communication;

Step 6 - google information about the project. Read articles about the project, try to find team interview and events they recently visited. It is good if a company exists for a couple of years, has its history and generates revenue;

Step 7 - read information about advisors. If advisors have a good reputation and they have their successful projects.

Here are good developed communities examples:

https://t.me/kickcity_chat
https://t.me/matchpool

If you have you ideas please share. Let's make crypto community safe together! Wink

You pretty covered most of the points, any project that meets the above criteria is definitely not a scam, but there is also a possibility that the project may not be successful due to some other reasons and some people will call it "scam".

well... you can not call unsuccessful project a scam, to be honest =)

Obi2024

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Quote from: aleksandra_kickcity on February 14, 2018, 08:59:12 AM

You can't always be sure if a project scam or not. But I decided to make a list of steps every newbie should cross before investing a project Shocked

Step 1 - you need to visit a website. You need to make sure there is white paper, team, advisors and links to social networks (a project without this information can't be trusted);

Step 2 - you need to read a white paper carefully. Pay your attention to the idea, concept and realization;

Step 3 - check out all social networks and blogs. If the project is alive there should be regular updates;

Step 4 - you need to contact the team. The feedback is very important thing. If the team doesn't answer you it is a bad sign;

Step 5 - join this project community (telegram chat or btctalk tread). There should be 24/7 communication;

Step 6 - google information about the project. Read articles about the project, try to find team interview and events they recently visited. It is good if a company exists for a couple of years, has its history and generates revenue;

Step 7 - read information about advisors. If advisors have a good reputation and they have their successful projects.

Here are good developed communities examples:

https://t.me/kickcity_chat
https://t.me/matchpool

If you have you ideas please share. Let's make crypto community safe together! Wink

You pretty covered most of the points, any project that meets the above criteria is definitely not a scam, but there is also a possibility that the project may not be successful due to some other reasons and some people will call it "scam".

SeXy

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And would have added about the concept of the project. The concept and idea should solve the real problems of people, and be fairly easily implemented at this stage of development of the Crypto-currency

aleksandra_kickcity

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Quote from: Xcvbkol on February 16, 2018, 06:44:03 AM

Any scam can correspond to each item in the list so using these items do not understand how much a cool project. everyone can make white paper and a good site

yeah. but you can't make up a good idea and real team

Xcvbkol

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EQUAL Network Token

Any scam can correspond to each item in the list so using these items do not understand how much a cool project. everyone can make white paper and a good site

thepo1m

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The lists above is good but it can only help, most projects in the space now can be classified as bluechip tokens and now it is difficult for small project with less capital for marketing to attract advisor to their platform. About whitepaper it is just IMO, most of these projects don't stick to their whitepaper, I hope there would be a quantitive data to help with this

aleksandra_kickcity

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Activity: 406

Merit: 100

Quote from: Moblie_Legend on February 16, 2018, 05:16:13 AM

if for me that's hard to say. because we also do not know which are scam and which are not. so if to distinguish the scam project it already has a lot of information on this

And what do you think about projects inside the links?

Moblie_Legend

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if for me that's hard to say. because we also do not know which are scam and which are not. so if to distinguish the scam project it already has a lot of information on this

aleksandra_kickcity

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Activity: 406

Merit: 100

Quote from: shabalinoff on February 15, 2018, 01:54:56 PM

Quote from: aleksandra_kickcity on February 14, 2018, 08:59:12 AM

You can't always be sure if a project scam or not. But I decided to make a list of steps every newbie should cross before investing a project Shocked

Step 1 - you need to visit a website. You need to make sure there is white paper, team, advisors and links to social networks (a project without this information can't be trusted);

Step 2 - you need to read a white paper carefully. Pay your attention to the idea, concept and realization;

Step 3 - check out all social networks and blogs. If the project is alive there should be regular updates;

Step 4 - you need to contact the team. The feedback is very important thing. If the team doesn't answer you it is a bad sign;

Step 5 - join this project community (telegram chat or btctalk tread). There should be 24/7 communication;

Step 6 - google information about the project. Read articles about the project, try to find team interview and events they recently visited. It is good if a company exists for a couple of years, has its history and generates revenue;

Step 7 - read information about advisors. If advisors have a good reputation and they have their successful projects.

Here are good developed communities examples:

https://t.me/kickcity_chat
https://t.me/matchpool

If you have you ideas please share. Let's make crypto community safe together! Wink

This is a great checklist for sorting out ICOs! Very helpful for beginners like me.
Thank you very much!

you are welcome =)

Topic: What project is scam? - page 4. (Read 846 times)