Bitcoin Forum

Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key.
What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.


What metrics do you use?

Basically
Back in those days website monitoring, whitepaper and social media for facts were spot on
And even researches is easy

But recently after several frauds attempt, there is a need to be more active
I engage the project team couple of technical questions

If they pass I invest
It they fail I gamble on them often

Head over to the Scam Accusations (https://bitcointalk.org/index.php?board=83.0) board to see just how many projects display fake teams and fake information on their websites. A flashy website can be built in an hour or two and be full of completely false information and pictures.

As you mentioned, everything is easy to fake - Facebook, Twitter, Telegram, Reddit, Linkedin, etc. It is trivial to set up pages on all these sites and fill them with fake investors.

Perhaps the best idea is to just stay away from ICOs altogether. The vast majority are scams or trash.

They are using the service and look at there are some that have used similar design to their website and that was obviously if they are buying it from the same person. And website cna be considered as a good thing to judge how good the project is. I just try to pick up the project which has created the product.

I don’t judge a token by the website project product or whitepaper

Because recently even scam projects have websites whitepaper and social media’s

I merely use instincts after monitoring few instances of chances
Figure out your own method that works best for you
Then you are safe

the website is not always the main benchmark for me to consider the project good or not. I prefer to rate projects through whitepapers. Because in the whitepaper clearly more info we can get

It can be one of the basis because I've seen ICOs before that has a very poor and unprofessional website and that makes their ICO not so reliable. But its not new to us that also scammers knows how to create a very good and very well themed website to deceive investors.

I think that discord is also a good platform to see how is the community of a currency, despite having spam, is much better to telegram because it is usually heavily moderate, the websites are important too because they are usually the first impression for many investors, but remember that the most important thing about a currency is the technical aspects.

Website will give you idea how capable they can deliver results but it's not the ultimate factor to consider the authenticity of the project. Many scammers can do a very sleek website yet there's nothing in it. Check for their whitepaper, source code, the team members involved or how far they in terms of their product's development. There are so much things to check for before investing your hard-earned money. Scammers can deceive you in so many forms.

It is a factor to consider but not to be totally trusted. Anything on the web now a days can be easily made whether legit or not. It would most probably be safer to make reference with ICO trackers in order to get a better view since they do ratings on these projects. We can never be too certain about anything now a days especially those on the internet because of the multitude of scammers lurking around. So it will boil down to us making that ultimate decision of taking the risk or not.

Scammers nowadays are equipped with great minds to fake everything they needed just to attract investors. Scammers also setting up their plans like a regular whitepaper. Their roadmap to scam others is really well planned. So, don't rely on website, social media, and ico reviews. Better to do research of the team members and company, their connection with other companies.

It's the FIRST thing I judge them by but in a very "first date" sort of way.

I need have some level of comfort that a lot of effort and thought has been put into a website, whitepaper and the accompanying project but I would not invest unless I met someone on the team in person or at least had a conversation with them over the phone (e.g. "hey, send me your pro forma financials so I can take a look at them and maybe we can have a phonecall"). There are plenty of ICO's from local companies where I live so it's very conceivable that I can go to one of their investor presentations or meet them in person.

There is also a new trend towards "Security Token Offerings" that are securities law compliant and often have an offering memorandum or legal disclosure document that you can actually verify. I might invest in an STO just by looking at the website and then going through the KYC process as there is some level of comfort that the company is at least going through the legal process with a regulator (although the regulator does not judge the merits of the ICO).

Well, website is still a good way  to judge a good project, but do not depend outrightly on website. I have once participated in a project with very good website with good interface. It so much deceived so many investors to the point that they were carried away. Although, when i later read through the whitepaper, i discovered that it was more of ponzi than crypto. Well, there are times that the info you need to judge a project can be found on their website, but some can be very deceptive.

Its Quite difficult this days to differentiate between the real tokens and Cryptos project and fake or scam ones they perfected all there advertising medium and deploy every others means just to deceive and scam unsuspecting investors viewing scam accusation.thread on this forum reveals a lot about them  and that is why investing in ICOs these days is becoming difficult.

As for me, that's the second thing that I always checked in every project.
My knowledge on web development/design gives me the advantage on understanding if they are reliable and isn't made just to scam.

If you'll ask me - the first factor should be the team composition.

Any information available on the site must be checked if you want to find out the truth and to judge a product; you can judge it after using its product bro..

  First off their 'team' has to be well known and have active social media profiles.  I read and click through the website looking for any odd or incorrect grammar and misspelled words.  See if they are on LinkedIN or facebook too.  I check the Whois information of the website too.  Copy sections of the text on the website and google it.  See if it comes up anywhere else.  If you find the same exact description on another project it's a guaranteed scam.

  If you do the above you will get an idea of the potential worthiness of a given project.  At least this is what I do.

I've seen fake websites ,for ICO and altcoins ,some will promise to update the website on the long run but they will vanish in thin air ,cheaper websites looks crappy and its the easiest to build ,I always stay away whenever I see one .

Yes, It does matter to some extent. But, I focus on telegram more. The way admins react to questions, the way their pinned message is written.

yes of course I also see the appearance of the website and I also see [secure] in the website view, if everything looks very good then I will go to the whitepaper and see the team on the project

its so hard to judge the project by the website itself. i always check the whitepaper first and their social media if their account have a daily updates and active community that support the project. its been so hard to judge the project by the member of the subscriber because its good to find a new project with a good potential in the market in the future 

actually the website of a project also cannot be a determinant of the good or bad of a project because if the website is messy and very simple, some are even worse, it can be ascertained that the project development team does not really care about the project they are working on.

Absolutely YES, I always check their website first before participating the bounty. The better their website design includes all the information about the project indicates that their project is being built seriously...

I have to agree that the website makes a big impression either it's good or bad. But it's just not all there is. If the team is great and focused on making the project a huge success then we should consider other factors too.

everything you say is true and indeed it is very difficult to distinguish it. but the thing that I always do is keep on discussing and always asking important points in their projects, sometimes I also give questions that trap them. if not satisfied then I will discuss with other potential investors and also with my local community.

You have raised some valid points and I agree with them. It is now hard to determine which ones are legit base only on social media, whitepaper, and website. That is why I now prefer if projects have some working MVP.

A website is the least reliable aspect, keeping in mind the stakes and scale of projects. You have to create an awareness within yourself, a seamless blend of intuition, instinct, experience and research.

to be honest I always pay attention to the team to assess a project. This sometimes quite effective to know or assess the potential of a project. When this team has the great experience and also real then it would be good to follow him. on the website, and that other whitepaper is an additional part of the team that runs the application.

one of my judgement against a token indeed sometimes through his website. because I myself feel that if a token is good, of course the team will manage with good too. primarily a source of information i.e. website.

i won't judge a token by their website. i will do more research on the whole project  :) liked who are their partner and team? what concept for this project?

I see your point, though the quality of a particular token or project is a lot more different after the end of a Campaign and you can be sure that most of them are indeed a great project or not after the ICO and mostly, after the token hits the market. Having said that, the most important thing is to verify first their credibility, their tokens and the project's potential by examining the activeness of their team developers and their road map. You said it yourself that we cannot rely on their whitepaper and their websites because it changes from time to time and from the fact that there are fraud schemes everywhere.

website is the fave of the project, therefore how do projects gets more investors if they dont have a professional like websites that contains of all the information of their projects. for me this is the one content that can convince me to invest in, and followed by white papers, roadmap/milestones, team members information, actual video reviews of all team members that talking about their projects. because with all of these, you can say that your investment is 60% safe than other scam projects out there.

The website is a good starting point, but the white paper gives much more insights. Social Media channels can always be pushed through marketing methods, but white paper and website is about content and the idea / technology behind it. Also it is good to check the team, the investors, advisors and how credible the partners are!

Website is a good basis of scam project. Mostly fake projects had not do any professional editting to their website. Information is seems copied from another projectm. You can search some line on the text and find out whether those words is really from the team

of course just browsing the website and white paper is not enough. but it is also necessary - this is the first indicator. next, look at the team. these must be real people, and valid links to their personal accounts. then softcap and hardcap and road map - it should be realistic.

I judge a project also by their website, because it helps you understand the professionality of the team behind the projects

If they can't even manage a decent looking website then I wouldn't invest in it, least you can expect it when they're often asking for $30 mil lol.

dear you pointed out everything very competently. with you completely agree. all these social media, a website and so on can be done at a very high level. and the only thing that remains is to check the team. although even the most promising project and the team to which there are no complaints - do not exclude the fact that it can still be a fraud

Quality of a website is one I look for when I choose an ICO but the most important is the team behind the project because they are the one who will run the business. The second thing I check is the product, is it unique and can easily understand by common investors. Least is the website, how secure it is because if it is not secure, the business is in big trouble.

That is the one I did. There are still a few more ways that I usually do. Like seeing the team, manager, whitepaper and others. So to assess a project, we have to do a lot of research.

For me I look towards that project by their product but I always keep in mind that every ICO will joined in have a good transparency which could be said that you know more exposure about the project.

Yes, because theres a lot of scam websites so we should be careful always in that kind of thing.. i used to described if the projects or tokens are legit by reading their whitepaper and joining telegram but now, even those fake and scam projects has their own whitepaper and telegram communities. So its very hard for me to trust projects nowadays

This is the difficult part in judging the ICOs if legit or not. I will just check if those team and advisors are truly connected to the project and has clear vision that the project will definitely develop on their given time-frame. Besides that I will use my instinct and understanding about crypto if I will invest or not.

There were a lot of popular projects with low-quality sites and vice versa. You need to pay attention to the project team and their partners

Actually, checking how legit the icos are like getting the puzzle put into its place and you're lucky if you found the missing piece. As icos getting shit along the way, just save yourself from not investing on it so icos will see that it isn't a good time now to their things. Bare in mind that there will be no scammers if there's no people get on their trap.

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So to sum it all, even we check all of those criteria if they are real asshole, then it will be.

I tend to look most at the community behind the project. Are there any ways to directly speak with the devs through Discord or Slack for example?
How active are they within their own community and what kinds of updates have they released.

Take LBRY for example, it's a lesser know project, but I am 100% sure that they fully intend to complete their roadmap.
The project's management and devs are active in their Discord and will answer just about any question you have.

You can see that they are releasing regular updates to their LBRY app and their communications on social media is actually interesting, not just spam.

I'm always wary of projects who have paid for big marketing campaigns or those who do these massive airdrops.
This always looks like a quick money-grab to me.

When choosing a project, I focus on:
1) the idea of the project. Well proven at the ICO crypto stock exchange, on-line banks, companies selling green energy;
2) the team supporting the project bounty. The company Amazix deserves credit;
3) the development team (country, age, work experience, pages in social networks);
4) site and beta version of the project.

No I can not judge the coin ,or token ,the project by their website , because there are ICO which are well organized websites , platforms but are scams in the end, there are also ICO projects we thought it is not so popular , but in the end it is very successful and give rewards to the participants clearly.
 

This is one of the criteria by which you can determine the current project in front of you or whether they are scammers. However, I would not say that this is a very important indicator. There are more important criteria.

For me, an important point is also a visit of the project team to various public events in the blockchain sphere and information on attracting large investors or investment funds.

You might use the website but that should not be used as a yardstick to measure the project and coin. There are some project with nice websites but they are nothing to come home about, others too are just scam projects with nice website to entice you. Don't follow a website to join a project you might end up one day falling as a victim.

I prefer do not trust anyone and check out information about developers team and advisors and their reputation , if they got successful project before and. Actually website doesnt mean much for me, better ask some thechnical questions and make own decision.