What project is scam? - page 5. | Bitcointalksearch.org

shabalinoff

newbie

Activity: 44

Merit: 0

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!

selectaselectine

member

Activity: 235

Merit: 16

I-CHAIN - The Revolution of Digital Advertising

I actually like to agree with the list you have given.

Furthermore, I guess we can all agree that once the certain project asks for your "private key" or anything that is supposed to be private...it can be understood as scam.

Black_fox

jr. member

Activity: 107

Merit: 1

Thank you, took a note. Very useful information

cherryganda

full member

Activity: 728

Merit: 131

A project is a scam if you need to send little amoung of ETH to devs wallet to have some airdrop, even if you have the token that the airdrop provided it is pretty sure that more than 50 percent of the total number of tokens are in developers hand and waiting for some bull trap in the market soon.
SCAM PROJECT OF ICO EXAMPLE: MILK ICO, the dev run the money from ICO.

Leocrypto da Vinci

jr. member

Activity: 210

Merit: 1

OMNITY Knowledge, connected

Well, you made an excellent work: now scammers have a check list on what they need to focus on, just to make a better scam! :-)
OK, I'm kidding, but only partially: 90% of an ICO is just marketing, and they concentrate much more on the appearance of a project than on its substance.
So, it's very difficult to detect a scam.

coinnumber

jr. member

Activity: 504

Merit: 5

I don't believe taking a photo of the teams and managers will help to know a scam ICO. The scam ICO's to me they have the most effective team, they are there to answer any question and they solved problems anytime you call on them a topical example is Benebit ICO they are one of the best active team I have ever work with but they vanish over night with investors money and all the hunters labour in vain. (Benebit ICO)

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: reighbut2017 on February 15, 2018, 09:49:54 AM

thank you so much for your interest to help others, your checklist is clear and very informative, I can now invest and join to a project safely and away from scam.

you are welcome

but please not these tips do not guarantee you anything

reighbut2017

jr. member

Activity: 252

Merit: 2

thank you so much for your interest to help others, your checklist is clear and very informative, I can now invest and join to a project safely and away from scam.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: Vit83 on February 15, 2018, 09:28:11 AM

Good idea is to take a foto of the team and check on google. Sometimes you can find that this is not a real person or different name. Team must have profiles for a long time in social overwise it looks like scam, if people hiding their faces and real names.

if there are no real people it's 100% scam

Vit83

full member

Activity: 644

Merit: 100

Good idea is to take a foto of the team and check on google. Sometimes you can find that this is not a real person or different name. Team must have profiles for a long time in social overwise it looks like scam, if people hiding their faces and real names.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: AzureDragon on February 15, 2018, 09:07:20 AM

Thanks the author for the list. I woilud add roadmap as a importnant step. Roadmap sholud be very detailed. And the terms that the developers set themselves should be adequate to the task posed.

you are welcome =)

RoonyBlack

newbie

Activity: 26

Merit: 0

Hard to say. For me, the projects where the founders has no idea what the users can do with the tokens/coins once the project is life is a scam. I mean, if in the whitepaper there is nothing regarding the tokens/coins once the project is life....this is bad.

AzureDragon

member

Activity: 244

Merit: 20

Thanks the author for the list. I woilud add roadmap as a importnant step. Roadmap sholud be very detailed. And the terms that the developers set themselves should be adequate to the task posed.

sarojan9980

member

Activity: 118

Merit: 10

My Identity Coin

thanks for sharing this information but now a days so many campaigns are scam. how can they find real campaigns. scaming campaigns also looking like genuine campaigns. how can i trust on this information.

dark08

full member

Activity: 798

Merit: 104

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

Thanks for this guideline on how.to avoid a scam ico project but in my opinion we cannot really know a scam project because now a day theres a lot of promissing ico project that attract every investor if you want to invest in some project make sure it has an active developer and have a great or experience campaign manager to project their project.

kaeluxdeuz

hero member

Activity: 784

Merit: 510

Sovryn - Brings DeFi to Bitcoin

Everyone should do their due diligence when looking at investing in any ICO. It's very important when your looking into ICOs and researching them. You need to do so thoroughly. It can be hard choosing especially now with all these scam projects around.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: jakiro.hovard on February 15, 2018, 07:44:57 AM

Of course, calling project fraud is also a very responsible business, because as soon as people begin to say that the project is fraudulent, the project's collections are instantly reduced and the project, along with developers, acquires a bad reputation.

True. I dont like people blaming a project scam when it's actually not

jakiro.hovard

full member

Activity: 504

Merit: 100

Of course, calling project fraud is also a very responsible business, because as soon as people begin to say that the project is fraudulent, the project's collections are instantly reduced and the project, along with developers, acquires a bad reputation.

millenniumcoin

jr. member

Activity: 98

Merit: 1

I always considered first, the team behind the project : These should be real experts in what they claim to do with their project. check for their regalias and other signs of expert status. I also check , the whitepaper,the coin supply,and the roadmap.

aleksandra_kickcity

full member

Activity: 406

Merit: 100

Quote from: Dart18 on February 15, 2018, 07:20:55 AM

Just doing the number 1 step will take care of all.
First thing is the team behind it.
See to it that it is legitimate. (There have been some here that grabs photos and informations from other people)

Look at their service. Legitimacy and also if it is worth to invest with.
Other information will come as you know them more.
Future plans.

true. Thank you for this list

Topic: What project is scam? - page 5. (Read 846 times)