Topic: What project is scam? - page 6. (Read 846 times)
, good advice and very useful for me to select new potential project
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.
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.
I would like to carefully observe whether this project is a scam before investing in the ICO.
You can search for the relevant code on gtihub. Generally speaking, good project code is open source.
You can search for the relevant code on gtihub. Generally speaking, good project code is open source.
true. one os the most important things for a company is transparency
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 
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!
this information is very useful and very good for beginners who want to invest in ICO project. because I've experienced an investment that ends a scam. I lost a lot of assets because I did not read first about the project. 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!
I would like to carefully observe whether this project is a scam before investing in the ICO.
You can search for the relevant code on gtihub. Generally speaking, good project code is open source.
You can search for the relevant code on gtihub. Generally speaking, good project code is open source.
I will add here a few of my items for project analysis
Some aspects for verification of the ICO projects:
1. Legal status of the company and its activities standing behind the project
2. Team whether there are checked public profiles? At least in team there shall be a business expert, the expert with technical skills. Presence among advisers of famous people, their reputation.
3. Tokens: distribution, turnover in an ecosystem, placement at the exchanges.
4. What problem is solved by the project and how?
5. Distribution of tokens: especially a team share if it is more than 25%, then it is necessary to treat the project with care.
6. The restrictions imposed on the tokens belonging to a project team: if there are no restrictions, the lack of long-term obligations before the project is possible.
7. Project code: if open-source, what activity of developers.
8. The hype level on social networks and on the websites. What famous people are involved in public relations, their reputation?
9. Partnership with the project? Who and it is how serious?
10. Prototype or minimum viable product (MVP) of the project?
11. The project has competitors, the level of their development?
12. Relations with venture investors?
13. Project Roadmap, reality of plans and terms?
Some aspects for verification of the ICO projects:
1. Legal status of the company and its activities standing behind the project
2. Team whether there are checked public profiles? At least in team there shall be a business expert, the expert with technical skills. Presence among advisers of famous people, their reputation.
3. Tokens: distribution, turnover in an ecosystem, placement at the exchanges.
4. What problem is solved by the project and how?
5. Distribution of tokens: especially a team share if it is more than 25%, then it is necessary to treat the project with care.
6. The restrictions imposed on the tokens belonging to a project team: if there are no restrictions, the lack of long-term obligations before the project is possible.
7. Project code: if open-source, what activity of developers.
8. The hype level on social networks and on the websites. What famous people are involved in public relations, their reputation?
9. Partnership with the project? Who and it is how serious?
10. Prototype or minimum viable product (MVP) of the project?
11. The project has competitors, the level of their development?
12. Relations with venture investors?
13. Project Roadmap, reality of plans and terms?
oh that is a great list! thank you!
Nice list.
Unfortunately when it comes to ICOs, there are things that cannot be done, like looking into the history of the project or the background of the team (well some times this can be done).
Even legit ICOs that have done great would seem like scams under some rules.
Unfortunately when it comes to ICOs, there are things that cannot be done, like looking into the history of the project or the background of the team (well some times this can be done).
Even legit ICOs that have done great would seem like scams under some rules.
true, unfortunately, you can never be sure. but i hope this list will help someone
I will add here a few of my items for project analysis
Some aspects for verification of the ICO projects:
1. Legal status of the company and its activities standing behind the project
2. Team whether there are checked public profiles? At least in team there shall be a business expert, the expert with technical skills. Presence among advisers of famous people, their reputation.
3. Tokens: distribution, turnover in an ecosystem, placement at the exchanges.
4. What problem is solved by the project and how?
5. Distribution of tokens: especially a team share if it is more than 25%, then it is necessary to treat the project with care.
6. The restrictions imposed on the tokens belonging to a project team: if there are no restrictions, the lack of long-term obligations before the project is possible.
7. Project code: if open-source, what activity of developers.
8. The hype level on social networks and on the websites. What famous people are involved in public relations, their reputation?
9. Partnership with the project? Who and it is how serious?
10. Prototype or minimum viable product (MVP) of the project?
11. The project has competitors, the level of their development?
12. Relations with venture investors?
13. Project Roadmap, reality of plans and terms?
Some aspects for verification of the ICO projects:
1. Legal status of the company and its activities standing behind the project
2. Team whether there are checked public profiles? At least in team there shall be a business expert, the expert with technical skills. Presence among advisers of famous people, their reputation.
3. Tokens: distribution, turnover in an ecosystem, placement at the exchanges.
4. What problem is solved by the project and how?
5. Distribution of tokens: especially a team share if it is more than 25%, then it is necessary to treat the project with care.
6. The restrictions imposed on the tokens belonging to a project team: if there are no restrictions, the lack of long-term obligations before the project is possible.
7. Project code: if open-source, what activity of developers.
8. The hype level on social networks and on the websites. What famous people are involved in public relations, their reputation?
9. Partnership with the project? Who and it is how serious?
10. Prototype or minimum viable product (MVP) of the project?
11. The project has competitors, the level of their development?
12. Relations with venture investors?
13. Project Roadmap, reality of plans and terms?
Nice list.
Unfortunately when it comes to ICOs, there are things that cannot be done, like looking into the history of the project or the background of the team (well some times this can be done).
Even legit ICOs that have done great would seem like scams under some rules.
Unfortunately when it comes to ICOs, there are things that cannot be done, like looking into the history of the project or the background of the team (well some times this can be done).
Even legit ICOs that have done great would seem like scams under some rules.
Wow this is a very cool guide to identify the project, thank you very much for the opportunity to look at your thoughts, but still we will say that this too can not give 100% guarantee for the whole thing. In any case, it will be possible to minimize risks
Nowadays scam projects have high-end ideas as you can see like loopx, that noone can exepct problems with them. So reading white paper is not enough.
BITCONNECT is a scam ICO. And now they are ready to launch a new project. Hope that no one will be a victim of this same project. Focus on its concept and plans because no one wants to be on the same boat as the traders and the bounties of that project.
Anything that has a word "Bitcoin" in it's name is a scam which is just using thrustworthy name of a good coin for advertisement.
this is great forum for all the jr. member and also in all rank.
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
what do you mean five stars rate?
for example, if i rank my campaign manager 1 to 5, i give 5 for our campaign manager.
this is great forum for all the jr. member and also in all rank.
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
what do you mean five stars rate?
this is great forum for all the jr. member and also in all rank.
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
that didnt know how to know if the project is scam or not. also for me i'm still dont know how "recognized'' a campaign if they is a legit. but for now i am perfectly five star rate to our campaign manager because of the successful project..
Should someone make a blacklist of those scam project?
Good for the crypto world.
Good for the crypto world.
blacklist is a great idea. but who will take this responsibility
BITCONNECT is a scam ICO. And now they are ready to launch a new project. Hope that no one will be a victim of this same project. Focus on its concept and plans because no one wants to be on the same boat as the traders and the bounties of that project.
why they are scam?
BITCONNECT is a scam ICO. And now they are ready to launch a new project. Hope that no one will be a victim of this same project. Focus on its concept and plans because no one wants to be on the same boat as the traders and the bounties of that project.
i would also add roadmap. you need to see where company is going
yeah. investors need to be sure a company has next steps to make it grow
some projects ignore it and i don't know why
correct. What you share is the decisive factor for evaluating a fraudulent project. I used to read the road map. White paper and see the development team. Thank you for your sharing. It is very useful for people who are unfamiliar with scam projects with good projects
you are welcome!
and what do you think about these links
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