Topic: When Do you realize a Crypto project is scam or Fraud? - page 5. (Read 7822 times)
It is pretty hard sometimes. But when the project team stops communicating with the community, I start sensing scam. My first throw off is when the whitepaper isn't well written, road map obviously not looking viable and project team not verifiable, However, all this factors might not indicate a bad or scam roject. But my number one indicators are bad whitepaper and no project team verification.
I've come across with the Scam projects of course. For bounty hunter the first signal of fraud can serve as a closing spreadsheet and the lack of specificity in the reports of the moderator.
At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?
I have not yet known more clearly about a project that culminated in a scam. However, as long as I participated in the bounty, I realized when the discussion in the bounty telegram group that I participated in. Therefore, this forum is very important for me to learn more about cryptocurrency. 
When there are no more requests and in each market there is no volume. With that, it is confirmed that sooner or later the crypto project will die. Because it can't compete with other projects. The crypto project is dead, of course they have no new breakthrough in the project and its development will die.
At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?
It should be before you start promoting or investing in the ICO, you can check the scam section for a report, in the scam section there are tools that you can use to trace these scammers, it's not easy but it's worth it because it will save you time and money and you can share your findings to all of us here.
I can say realizing if the crypto project basically can't show and can't provide you a good investment. One more thing to consider was you can definitely knows it by checking their project team details and on how they was running their project. So to avoid being scammed, make sure you arr making a step and make a skillful research about the project, try not to get fancied by the projects good promises without checking it so well. Because as the cryptomarket grows, its their moment also to arise tricking people in the marketolace. So trust only a project like the Dencoin tokens which integrated each participant that joining with their project was safe and good, and they can make a great potential for the investors to make a good investments.
My criteria is almost the same as yours, there is no communication with Kkmunitas that is one of the characteristics of the project that will be a scam, and also there is no progress for the future
At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?
When a team focuses more on ico sales and keeps introducing series of bonuses to lure investors instead of focusing on the product development and how to ensure it contributes to enhancing the technology and blockchain sphere
I think it's not about scams, because the project team consists of many people, they split up into groups like product development, marketing groups, support groups, ...
Obviously if it doesn't have a product if its just a white paper you might think at first that it is very interesting. Secondly, if it have a high fund raising. Then, the most unfortunate in terms of payment. If they have a delay distribution of payment then forebode it because it will a promise that is everlasting.
This one is when the damaged has already been done to investors, I would not even wait for that long to determine if a project is scam or not, I won’t even give them the chance to take my money or my time.What I usually do first is to thoroughly research on the project before even participating in the campaign, and before the research, I use some to sites that are dedicated to getting solid projects as they claim, and they pick some projects there for further research, this is how I have been able to avoid this scam projects from investing and also doing their bounty. I don’t just go for any project that is not already verified for further research.
To determine whether the project was a fraud, you can basically know it by checking their project team details and on how they was running it. To avoid being scammed to some research about the project, do not get fancied by the projects good promises without checking it so well. Because as the cryptomarket grows, as well the scammer goes attack. So trust only a project like the Dencoin which integrated each participant that joining with their project was safe and good.
If the team stop to communication and always lies about their plan in the future (listed in exchanger etc) in their community. From my experience good project always keep their promise and always open to their community about their plan or how far project going on.
I agree, they always active, and they can reply every-time that have some questions to their members. Then if you notice they dont entertain or they ignore if what you asking, then you are to begin suspicious to them. Just notice or observe their projects well, because scam is not easy to find out. So if you realize that there is no something is good just leave it. 
i Usually try to figure out all about team members and check if they are real or not. There was some really funny projects with unrealistic goals .
anyone can say that it is a scam lol.
anyone can say that it is a scam lol.
It depends on the observer. As for me I know starting from the websites, white paper and any other documents also I look at the team and look at their profiles on LinkedIn. Most team creates new account on LinkedIn and has no activities, I use that to figure out if the team is ream or not.
In my opinion, deciding a project is really a scam or fraud is not easy. We must really ensure wisely. Indeed I have led to predict scam or fraud when the project does not fulfill its promise as stated earlier. Then the team running the project is not in accordance with the existing timeline. After that, the team did not communicate well to all partners. Project development was not delivered and all project media disappeared.
One of the criteria is LinkedIn profiles. Especially the pictures, if they seem to have bad quality or without any background, there is a high probability that they are fake and thus the project is a complete scam.
When I lose my money. I do not care why. If the token is not traded, or the platform is not created or everything is working but not using it.
Team should know what they will do before they collect some money.
Team should know what they will do before they collect some money.
You can recognise a scam project on the team behaviour. If they cannot answer your questions, maybe unserious, postponing decisions and so on. Moreover, it is easy to recognise a scam project if you look at their whitepaper. Mostly they just copy-paste things.
Maybe no longer response from their telegram, keeps extending their running ICOs, no roadmap, lending platforms, anonymous team, giving high bonus for those who invest, that I can say scam project.
for me, it becomes all clear when in Telegram the admin does not respond for few weeks or once a month he writes the phrase "have patience."
Its really hard to determined if the project eqs reak or not. Although most times it's hard to know as others will pose it like real and even present a good whitepaper. But I think that even they presented it so clearly you will still need to check the team out thoroughly as well as the advisors to be sure they have the experience they claim to have.
Also, the objectives of the platform needs to be studied and review it very well just to make sure it is achievable. So I think careful analysis is done at the onset so it can be spotted as a good project and not a fraud one. Because clearly nowadays there is really a lot of project that is scam. So only choose a project that can give yoy good profit by joining in to their projrcts like th dencoin tokens.
Also, the objectives of the platform needs to be studied and review it very well just to make sure it is achievable. So I think careful analysis is done at the onset so it can be spotted as a good project and not a fraud one. Because clearly nowadays there is really a lot of project that is scam. So only choose a project that can give yoy good profit by joining in to their projrcts like th dencoin tokens.
At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?
There are so many reason for find out if the project is scam, one these are if the team are not active to their social channel like in telegram, Facebook and twitter, then aside from this, hyping the community is their main tools for them to get potential investors and they've always saying promises to their supporters then if the WP is copied to other project.
Jump to: