Bitcoin Forum

Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?

its so hard to find, normal project, investition is risk.  

but i like  https://launchpad.binance.com , check, now is two upcoming project. FETCH and BitTorrent

Are you asking how to avoid scam projects you want to invest in or how to avoid scam bounties to participate in? Anyhow both questions can be reduced to more or less the same requirements. Read the whitepaper, check the team members, inspect the website, beware of unrealistic promises or rewards. With bounties, ensure the bounty manager is not a newbie but a higher ranked member with earned merits and positive trust. If you follow these steps you can diminish the chance of being tricked, but you can never be one hundred percent sure.

It is difficult to know that. I have a proposal. You can view ICO review by ICOdrops.
I observed a long time and found that the project is rated on ICOdrops have a relatively high likelihood of success.

You don't strike me as the type of guy who'd recognize a profitable non-scam from a non-profitable non-scam. I'd first focus on that.
Otherwise as long as the team behind the project is public, uses real linkedin profiles and attends conferences so you're 100% sure they can be held liable if they scam - you're in safe hands. But without the knowledge to actually know how to pick investment opportunities you'll lose money.

There are too many topics about knowing what are the scam altcoin project. You should use the search of the forum and just enter the keyword of what you are looking at like 'scam project'.

You can also check the 'Scam Accusations' board to manually check the reports on what are the potential scam altcoin project. But it's also good if you have a way to determine it by doing research by knowing the team behind it.

There are many ways to identify a scam altcoin project  but the best and the sure way is doing background on the teams involved in the project and checking is their pictures was genuine and not taken from picture site like flicker etc. But, you're not good in do the background check research, you can check out Icoethics scammed project list or asking him for help on the particular project you're interested in.

I would strongly suggest to take a look form time to time in "SCAM accusations" section of the forum:
https://bitcointalk.org/index.php?board=83.0   where the  known and proven scams are exposed. This section is updated frequently as there are people that are really engaged on this to help crypto community to avoid been scammed!

With more established projects it is easier to tell, because the more time passes the harder it is to fake it. With ICOs for example it is much tougher, you have to be diligent and look in to things. If something doesn't add up, call the project developer's out on it and see if they can offer a believable explanation.

Its not that easy to see that sign because some projects are created professionally so as an investors, its your job to make sure that you are in the right projecs, in short you have to study everything about that ICO, especially right now where its too risky to invest on that.

It must have a lot of weird things. The scam project will not create an MVP to proves how competence the team to create a beta before it will be started to build the real product.
There's no active chat in the telegram group which filled by a lot of bots.

Good article from an established project on this topic: https://medium.com/sylo-io/a-disrupter-in-a-disruptive-industry-c1ac61ca15fc?source=collection_home---2------3---------------------

It is really hard to determine which project is a scam or not. Well yes DYOR may reduce the risk but still you will only know once the sale is over or even when it hits exchange/s you will see orders from devs.

I do not consider a project without a product at all. For me, white paper and the team is not an indicator, and I see fraudsters in everyone. And now it is all the more necessary to control the release of all new ones, so that novices do not fall for these tricks and then do not leave at all.

it is very difficult to determine the current scam project because all of them have almost perfect whitepaper websites like real projects and for that I often see teams and also see https://bitcointalk.org/index.php?board=83.0 because there are always updates to project discussions scam there

It's hard to find a sign on every fraud project, they almost make the project look perfect and succeed. But you don't need to worry, because there are still many altcoins that are available and already have their own products, always careful and active to discuss here.

I also follow the ICOdrop to get the information about legit & verified ICOs & as far as I know ICOdrop does not hesitate to delist listed ICO who does not co-operate for verification.
OP Read this article this will help you to differentiate between good & Scam ICOs in depth & what points to be taken care for the research.
https://hackernoon.com/how-to-spot-good-ico-how-to-spot-scam-ico-f0f57c1a4c38

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

before I join the bounties I always check the background of the team, check their social medias, their products that's what I do. Well it's really difficult to know which ICO are scam because some of them looks legit and looks promising, but in the end they ran out with your money

Before  you invest your money on any coin, please find out as many details as possible about the team and their experience. Check out what technology are they using, what is new in the system it is offering and what is the market demand for it. Other than those option, any projects are scam because they want to make money only.

It's very hard to detect a real or scam project, because in ICO we only rely on the white paper, but from whitepaper we can get few information that maybe help us to acknowledge the scam project,like the team developers, how serious is the marketing team, and how well the whitepaper written, how they advertise their project, this could be the starting point of your research

base on my experience you can look for their telegram once the medium has not actively working because if the team is serious with their project then they should introduce their product idea to the people, my advise to you since you are a newbie dont be urge to invest yet because you have a lots of things to consider when investing.

There could be a list for your own due diligence (https://cryptodetail.com/most-valuable-indicators-potentially-profitable-ico), don't make fast decisions and take time for this

The easiest way is to look at the team that is on the project. when the existing developer team has a good track record, you should prioritize investing in these projects. in my opinion, the team will be very influential to be able to implement the project. the more qualified a team will be to help the project achieve success. never try to invest, choose the best and we will get a good future too.

To meet daily needs, money is clearly needed, and I agree with you that everyone needs money. by following crypto is one solution to being able to make money too. nowadays it is indeed in a state that many projects are experiencing difficulties and many even extend the time to be able to produce the best, but still cannot help.
in this situation I also find it difficult to provide the characteristics and information of any good project, finally we return with the fate that what we will follow with the project will succeed. this is not pessimistic but reality ...

Checking the team is the most important way of avoiding scams. if they are in the public i.e. presenting at trade events and taking lots of photos and videos then it is less likely to be a scam. You still need to read the whitepaper, but at least it is worth spending time on if you know it is real

Here you will not tell about everything, we will give you only the basics, and then fill your own cones. Only bitter experience will help develop and find your trading strategy.

Do a thorough research about the project that you are interested in and willing to invest. Remember that once you give them your money there's no way that you can get it back. Do not trust anyone, ICO projects should be transparent and people behind are competent enough to build revenue and solid products
.

Its really hard to identify which project is not scam unless you knew how to check whether the project indeed has real team that is presented on their website. But even so real people in the team with real profiles doesn't guarantee whether they are not going to scam, I've seen some projects.


Projects backed by reputable advisor sometimes help the ICO gather more funds making them pursue the project and will not scam.

Many things to look, but one key factor that I always try to find, is see if the team behind the company, can be verified.  Check their background, expertise, and past projects.  The more experience the better, and make sure they don't have a shady background or a criminal record.  I just invested in EVOAI, and I'm pleased to find out they pass my criteria.

Beginner & help section will help you learn this forum well. And I suggest that for a newbie it is still inappropriate to choose an investment in the ICO project, you really need experience you need deep knowledge about the ICO project. As you say, money and everyone need money, but have you ever asked someone to get money? i guess they would suggest getting the thing you want with a knowledge not a suggestion from someone else.

No one can really say about someone they are running scam project are not until it happened but our forum has scam accusation section it's expose lot of stem projects by reseaching deep about the project team,it may help you a lot so just check that exchange before investing on any project or you can ask about particular project others may help you in that.

its hard to know or notice if the project is scam or no, but you have think twice before investing in one project

I think that each investment system will review its portfolios and analyze each altcoin. No wonder some analysts predict a fall of more than 60% of all altcoins, especially in the current state of the cryptocurrency market and due to the fact that they do not have a real product.

In such matters, always having a certain investment experience plays a very important role. If you have the experience of investing at least in 5-7 projects, then you probably at an intuitive level understand how to define quality projects. But in fact, each will have their own criteria for this.

The answer is: We will know it's the scam project after the scamming incident happened. We just found a way to reduce risk only.

Even if what you said was true, which I doubt it, you do not know if what you're seeing was nothing more than a case of good luck, this is very common when it comes to investments, people keep looking for the funds which gave the best performance during the previous years and most of the time those funds will be unable to keep that performance because when you have thousands of funds in the market then some are bound to get lucky, so if you want to find out if a coin is a scam or if it has any potential then you will need to do that job by yourself.

You need to learn about the project all - the originality of the whitepaper, ideas, their team, social networks etc. Not always able to detect the scam, but without DYOR the chances of losing increase in times.

Indeed money is needed. In the past I would say read whitepaper and make sure it is precise, check for the team members and advisors to know if they are real, check for the token distribution and suspect teams that hold on to the greater part of the token for themselves, check for authentic partnerships, check their social media outreach platforms but today, more projects with scam intentions appear more real than the real projects. It's a 50-50% chance now. Some fake project can go through the stress of making themselves look real and Investors suffers at the end while some good projects lack Investors or sponsors. So in the end it's pure luck.

You can find the scam projects in the scam accusation section in our forum if you can't find it there then you need to make deep research about the project team and ask the help from veterans then you can find that they are scammers or not.

If the information is incomplete and the team has no Identity.

scam project is too hard to determine nowadays mate,  because  mostly nowadays always copying the classified ico's investment site such site design and etc just to obtain interested investors.  which is reason it's too hard to recognize until now.. If you're looking for good project i prefer you to choose in some projects that already listed on coinmarket cap to assure it's legit and no worries about the future.

In my opinion, we can choose only one way to find scam project. It is watching what people saying about project. How responsive are managers with the comunity and payments with bounty hunters, e.t.c.
Just look for some information about project.

There may be several ways that I usually do to find out that this project is doubtful or scam. First, it is clear who is given the trust to be a bounty manager, at least an account that is adequate or not in a redtrust condition and at least has been a bounty manager. Don't be lazy to look at the website and read the whitepaper they make. No less important is to see who the team members are behind the project, usually the team members are registered on LinkedIn.
maybe we've tried not to get caught up in the scam project, but finally come back to the situation too. we know that at the moment there are many projects that are unsuccessful because they are in fact lacking in energy. I hope this situation will pass quickly

I think the best way to avoid scam project is not to invest in early stage of ICO which those projects will give their investors a huge bonuses but the risk is much higher. Also, better to make more time in researching and following them on their social media account to find their real identity if they will participate in a various crypto events. The more their exposure on crypto events will have a higher chances that they are legit.

It is actually hard to distinguish whether a certain project is a scam or not. I guess it would be helpful if we'll check everything about it. Following their social media account is a helpful thing. We should do series of research for us to know more about the project. If there is a reason to doubt about it then we should do something to know even the future plans of the project.

One of the ways to identify if a particular scam project is to verify that the people who are involved, from creators to supporters, are not very clear about technical goals whose only subject is valuation, exchanges and related things! Also, exaggerated promises and many delays also makes you to stay tuned. With experience, you will know at the beginning whether the project is scam or not.

This is still the hardest thing to do here on cryptocurrency. Its how can you distinguish legit ICO projects or scams. Do you know that even our higher ranks seniors are also becomes a victim of this? Scams have the same appearance, function and requirements as the legit ones and you should be alert on new projects all the time. Read comments and reviews always.

The fact is that many of the projects you, which as a result were led out by scammers, deceived quite a lot of the investor and other users of cryptocurrency. And this suggests that the scammers had really good training and experience. Thus, reading the comments and feedback can not get the right information.

I don't know how to know a scam altcoin project because I never invest in the new project. Some of my friends say that we need to research the project and read the review on the other site, talk with the teams so we can determine if the project will scam or not. But we still don't know how to determine the scam project, and we can only know after the teams are run away or not continue the project. And if you want to invest in the new project, my advice is to be careful and don't use big money because it's too risky even if the project was very good in the early stage.

Most scam projects usually try to hide or not give away their team information. These also have copied website, white paper or other details from other projects.

what I observe is that some scam projects usually have a team that is not transparent and many are disruptive in the course of the project and offer very unnatural offers because they only offer to attract investors

If you want to determine scam project.  Make some research about it or gain some feedback first to clarify the situation of the project. And also try to make technical analysis through the team behind if it's trustworthy or not ', cause nowadays sometimes there are some projects that always have a fake team .  So be aware about it.

Basicly scams have speacial features like fake team, shady web site, not transparent collection progress and a lot of other features like lack of smart contracts, shady exchanges.

You can learn from ICOEthics (https://bitcointalk.org/index.php?action=profile;u=2204241) how to analyze a project
He/she has a lot of experience, for example: Cryptocredit foundation - SCAM - FAKE TEAM - ALL are deceased persons (https://bitcointalk.org/index.php?topic=5099131.msg49297966#msg49297966)

Usually this scam projects nowadays are too good to be true and very deceiving that’s why you’re primary objective determining them if legit is comparing there team and dev to other project if they are not impostors.Second is reading there review, determining there site’s domain if its safe and not detected as virus by your anti-virus.And make sure they have the social site or any medium for their project updates.

Usually this scam project has a high bid, the team is also not transparent, most of the projects have gone well but in the middle there have been many irregularities. In detail, it can't be predicted about a scam, but then with research, it will only be obtained if the project is a scam.

Scam projects are very hard to understand as these scammers hide under the covers of anonymous nature of cryptocurrencies market to scam people.  Therefore you must do a very high research before investing into any projects.

sometimes they have a weak team with big promises. besides that they also have a weak product. well, there are a lot of things to think about before joining an ICO. although it's difficult, try to find out the advantages and disadvantages of a project, of course you will see things that make the project a scam if it really is a scam.

Wait for few days if there's a project that just existed. And you know what?

There will be volunteers of the forum that will find it out if that project is valuable or has a shady intent.

many things are awkward in the course of a scam project.
starting from fake teams, odd documents like WP and others.

i would look at their technical team's background, also any updates they give are recent and then looking into their investors.

It is not enough to consult only other people..The whitepaper and social media accounts of the project you are going to invest in should be examined in detail..The achievements of the project team members in previous years are also important..But sometimes it may not be enough to examine everything..A very successful project can be scam, and can be successful in projects that no one believes.

There are many scams that are very obvious and that you do not need to be a genius to identify but there are many other scams that cover their tracks very well and it is almost impossible to tell the difference between a good project and a project that is a scam, this is the main reason why I have decided stop investing in icos, I am not willing to risk my money investing in something that most likely will make me a victim of a scam.

Either whitepapers are sketchy or too good to be true. Additionally running background checks on team can be helpful and how they run their social media handle. Scam projects don't give much information and are not willing to give their community free rein in dialog. This are just some few listed.

It's so difficult to find really scam altcoin project. Most often this is a matter of chance to find good project or not. Just think and analyze things by yourself and all will be good.

If you have recently appeared on this forum, you still have no experience with how to recognize fraudulent projects, then I advise you not to invest large sums until you gain solid ground under your feet and learn to correctly identify good projects. Otherwise you may get into trouble.

to be honest it is very difficult to be able to find out about a scam project, many projects are convincing but eventually there are also a lot of scams like the one currently being 4NEW (KWATT). who will know the project will scam usually only those who make the project. we never know what's in their hearts.
when we plunge into this world of course we must be prepared to bear all the risks that will occur to us. I've heard that someone has said RISK = PROFIT.

So I'm sorry I can't give you the criteria for a scam project. maybe other members know.

It is not easy to discover a scam. The scams are getting better and the fraudsters learn and improve their scams. Also, some serious projects think it is ok to cheat the bounty participants after they have done their job.

One good litmus test is how they treat the bounty hunters these days. For better or worse, bounties are currently dominated by participants from developing countries

who have little legal options to enforce their rights, so how they honor the bounty participants is a true test of the ethics and integrity for any project that employs them...

The first sign that tells me that an ICO project is a scam is when they use templates which means that the design is already there and they just change the info and details for their website. I used to study web design so using templates is very familiar with me and if I see one then those teams behind it are just looking a quick way to make money using the blockchain tech.

since the beginning the fraud has been neatly designed to be able to commit fraud to the members. and it indeed became a common thing when dozens of unclear and dead projecks

Most of the time, a scam altcoin project provide a fake team faces to their website or no team face's at all. This is the first thing that I look for whenever I am checking a new altcoin project. But even if they provide real team, I look at their background mostly in the linkedin and make sure that they have experience and knowledge to continue the project, because even when they are not a scam if they can't continue the development of their project it will always be look like a scam and will be lost of money for the investors so honestly scam at all.

Some actual ways can still be done to detect some projects that are indeed scam and unclear. potentially scam. we must be truly observant in choosing projeck with transparency from the team

Scammers do not stand still and develop, so it is true that each time it becomes more difficult to recognize a fraudulent project. Even a superficial study of the project, studying the pages of team members on social networks, reading the White Paper and talking to team members and their advisors can be protected from amateurs' scams.

what kind of way can we do. maybe if the project by copying data from another project we can do the checking itself. but there are some scams that have barely been detected and have done ico for a very long time. then he finished and ran away. I think that cases like this happen a lot throughout 2018.

Well, crypto currency scammer can not be detect through the study of social network, white paper, talking to the team involving and most of the advisors are also a victim either. However, the best way to figure out a scam project is doing the team involving picture research, finding the country with their site domain belong to and doing a depth search of the project address.

its not easy to find, but you can check some SCAM projects on this Board :    Scam Accusations (https://bitcointalk.org/index.php?board=83.0)

here is so many good user, and maby can ask them, + you can find other scam projects, and reasons.  
+ alltime check Trusts for forum members.

I cannot determine how to know scam altcoin project because until now, and it is too difficult to detect or to know which the scam project is. But if the project cannot continue the programs and run away from the investor, then we can call them a scammer. They can easily to change the identity of the teams, or they can rebuild the project from scratch, and they will get the investor's money again on the other day. It will happen again and again, and we need to be careful when we want to invest.

It seems to me that the favorite positive actions for the benefit of the project will have good results. In any case, if the team is professional and does everything for the development of the project, then such a project will have a very good investment attractiveness.

For now, finding a project that doesn't scam is difficult for me. because many projects today are scam. we cannot see and guess which projects are scam and not scam. even though you are a beginner, we also have long been in this forum, sometimes we can be fooled or get a scam project, so according to me beginners or not, it is no different. because the current situation is indeed quite difficult to predict.

it is difficult for some people to be able to distinguish project fraud or not because everything is almost the same at first. You must really study the project that will be followed and analyze it more carefully, usually the project will look scam if it is already running.
there are lots of threads in this forum that discuss how to distinguish projects that are a scam or not.

The number of ico scams is so big that now I assume that every project is a scam until they can prove that is not the case, I know this may sound unfair but it is the only way you will avoid being scammed, if you find anything that does not match between what the developers say and the evidence then you must immediately label that project as a scam and not invest in it, you will miss some some good projects if you do that but at least your risk of being scammed becomes lower and that is what it is important.

making quick decision will not be a right idea for choosing a project because this will the main reason to enter into a scam project and the solution for this choosing a project need to be consulted by most of the people if you ask your friends and well wishers then you got an idea for choosing a good project.

There's a lot of scam ICOs recently and what's worse, some are supporting them because they are paid to do so. First check team's profiles. Some use dummy accounts and some use others profiles. You can easily pinpoint fake profiles. Low softcap and low hardcap ICOs are mostly scam ICOs. That's my observation.

we can not know scam project because people invest money everywhere. we can not stay acting this way and we need to change behavior.

we don't know the project is scam at the end because it seems like a normal good projects in the starting stage but when the days are going we need to know that will be a scam then only we can See the result on that.

check out the team ( if there is no info about the team stay away)
and read the whitepaper sir

Its hard to tell the exact sign but if you do a lot of research on the project you can know if its a good one or not. Try to read more about that project and don’t wait for anyone’s advice before you invest because I believe if you want to become more effecting you will do it on your own.

The easiest find out where the altcoin project is scam is to find the team whether the team member are exist on the only find out is to search their names on googles if they don't exist the project is definitely scam and the important also if they are on daily updates on there project they keep posting on social media if it's not probably project is scam.

Read their white paper, check out their git hub, active social channels, all star team, funding and badass advisors. Right now Ampleforth and Cosmos are two projects that happen to hit all of those if you're interested in seeing what a trustworthy project should look like.

It is not always easy to figure out a scam project but a project without team information is usually a scam and also one with hastily copy-pasted website, whitepaper from another good one.

is it not possible to find more and more potential projects? whether with many aspects that have been explained how to see a potential ICO still not able to make you avoid ICO scam? is it possible that we need verification so that the ICO becomes more directed ?

does it happens? I am not familiar with that kind of trick that a team copy a whitepaper to another team. Anyway, a team information does not mean it lessen or it gives and assurance that a team is not a scammer, how we can be sure that the information that they publish in their site is true or are all the persons and faces there are also true, right?

Well in my case i always see the team if they legit or fake  profile, amount raise on thier ico website is a little bit fishy, if you saw this signs do not join.

It is very difficult and hard to understand the project is scam or a good project if we find that we will be a experienced person in this field but most of us will not choose the right project and they are getting only last for their investment so we need to make some awareness before enter into a project and following some good strategies are also helpful.

Actually it would be quite difficult whether the project was scam or not. You can check their website, team members from the project, then do a thorough search, team photos and biodata. Try to check whether the whitepaper or the project's objectives are plagiarized. In addition, you maybe find out their group and try to ask everything about sale and their goals, also make sure their answer isn't monotonous.

With all the scamming ICO's out there it is almost impossible to predict the ones that are legit. Every project out there claims to improve something, to be backed by big names in the *name_country*/*name_industry*, yet they have only one goal -> to get your KYC info (and propably misuse it) and to get your money.

I'd say it is propably the best to wait for now, until some laws or regulations take place about ICO's and the situation improves. Yeah, you will lose some good opportunities for investment, but is it worth to lose it all ?

Identifying a scam project is really hard and a pain in the ass. My first move is investigating its team and dev’s legitimacy maybe they are just impostors. Secondly is their website’s security and ui.Then their reviews and reputation in every social or mediums they have.

to detect scam projects is very difficult because they have a website, almost perfect whitepaper like a real project and for that we thirst to do a lot of research and often read https://bitcointalk.org/index.php?board=83.0

there is only an indication, yes they are publicizing it based on the research conducted. but they are like late in giving information that there is an indication of a scam from a project. if there is a rule for a project released in the forum and an audit of a number of people in the forum before the release, it can prevent the number of scam projects currently in existence.

Make sure that the names  of the team of the projects are all legit that they could easily found in the Google specially there CEO that better if they have true experiences in handling ICO or other investments project before. Be sure that their project commodities are existing and should be feasible to the masses so that it could attract more investors too.

If we only make sure the names of the teams in the project, we could not get the right information. Although they are a real person, it doesn't mean they will have a legit project because they still need to prove to people that they have a good plan for the project and they still want to develop the project until reach their goals. Without giving any proves to the public, it is hard to get success in the future. And there are still difficult to know if the project will scam people or not because we don't know what will happen in the future.

hell yeah . names dont dictate if the project will continue or not  . names arent also the ones that we must look for when searching for a legit ico's because anyone can photoshop and edit it . what we should look for is thier contact info , call them and ask them about the project  . some scam ico's usually fail about this one . they put fake numbers and fake places on thier details  . they can easily get away with until someone trace it

Many friends have explained above, but often we also experience and have been trapped in the ICO scam and know that after the ICO runs for some time and then the translator or bounty manager tells us that the ICO is a scam. We are indeed difficult to detect, but when we know it is declared a scam, that's where we can learn about the ICO scam.

For me this is one the criteria of the project are possible to scam . The information is incomplete like there's no whitepaper and others. Im looking for the team also if I did not their names and picture maybe that is scam. Im not saying all of I mentioned is 100 percent but that high chance possible for the project to be scam because if they have project who are really legit they will scared to show their faces and Identity in public.

To determine whether or not to scam a project in my opinion is quite difficult, because in the crypto world it is unique and rather difficult to predict, but there are several ways to analyze whether the project is good or not, one of which is that you have to look at the website, whitpaper and team behind.

of course it will be very difficult for us to make predictions regarding the scam project. we know that they make a scam project look like a project with very mature planning. we can be fooled.

The difference between a good project or not now is actually very difficult because indeed so many projects are able to manipulate the same thing from before and this is indeed very detrimental

Indeed, there are many factors that lead to a project scam. even though the project was created without scam goal. So many internal problems that sometimes occur in their management. It is difficult to predict for this problem, not only internal problems but outside as well, for example, regulations sometimes hamper the development of a project which is ultimately an indication of a scam.

I also want to know the proper solution for this to find the stamp project in the most beginning or in the middle stage please , experience people are your thoughts about this topic

Start from your self dude
do you know what the project you are promoting?
better you read this Bizzilion - Fake Team (https://bitcointalk.org/index.php?topic=5100342.0)

Just don't be like those baddies. They aim to earn a quick buck by fooling others and there's no happiness on that kind of earning. They simply create an altcoin and becomes strong with the marketing but after that, they will commence with their original idea of scamming their investors. Knowing what altcoins are scam? you can by doing research continuously. Read reviews but don't be too gullible when you have read mouthwatering reviews.

The most common way to scam among altcoins is premine, which is the mining of a large amount of coins by developers before the public release of the coin.
I'm not a coder, so if you want to know how to find out if coin was premined or not, you have to ask someone else.

So far I have used wallet nano-s with no problems and I feel the convenience of using it because it is not difficult to use. maybe I suggest buying it if you don't already have one

There are lots of things to consider as far as knowing if a certain ICO is a scam or not. One best thing you should consider first is their team and checking its legitimacy. Check for their profile and make an thorough investigation for each team member's profile.

A project is a scam if the team members are fake, and sometimes they will say that they already reached the softcap even they just only started thier token sale, and another one  is no one is answering question on thier telegram group.

KYC Actually, it is also quite good to be able to detect fraudulent people, but indeed sometimes this is also risky because our personal data is submitted to their team and it can be done a crime with our data

now looking for a good and normal project is indeed quite difficult. the problem is that almost all the projects do not show their strengths and weaknesses. so in identifying a project we must be careful.

Actually KYC can be held by scam or legit project. So if project do KYC not means that project is good and you already mention risk if we give our ID to scammer. They can use our data to their advantage.

  There is no guarantees! With or without KYC. Nobody can`t guarantee nothing this days, we all
have to risk, and there is no running from that, or crying about that when it`s happen.
   Scammers are getting smarter. How technology progress, so they do too. We try to protect ourselves, but
someone`s get hurt sometimes. It`s how we learn about new scams, and we share with others and they
learn about it.
   I think we can`t avoid scammers, that`s happen to everyone several times. What we can do is to stay strong
even we got scammed!

team is the key. you can check the past experiences of the team. if the team is unknown or have suspicious acts in the future, it is very risky to invest to that project. and you can check the whitepaper if it has been prepared well and professionally or not.

It is very difficult to differentiate between scam projects and good one as the cryptocurrency market is annonymous and the bad people hide under this annoynimous nature to scam people.  You can find a project with a well written whitepaper but at the end of it, it remains an idea and the developers maybe out to scam people because he has no any intentions to developed the project out side investors money.  It is very risky to invest into any new project and my advice to people is to buy any coin and tokens after analyzing it performance in exchange and not through icos.

For now i think scam projects exist no more Bearish market makes things so difficult to actually make scam considering they will be spending more and losing without any gain because project are not much and they can be easily fished out  and their miserable efforts get exploited So no gain and bad reputation simple

altcoin always wants to grow and listings in new markets are more competitive because of a number of targeted considerations. Altcoin can be predicted negatively if they only choose only 1-2 small markets with volumes that continue to shrink. then what happened next was a wave of selling from their own dev and ended in a scam.

That's right because there have been so many projects that use KYC in the end the coins are scam. so we have to be careful and careful to choose coins so we don't let them use us later

Those types of project who's intentionally been created to scam people they will try harder to attract investors giving timeframe to make
things more appealing, you just have to stay away when you smell something wrong as promise that too much to be true are those
you should avoid.

Its  hard to generalize, but basically I make my judgement based on the "look" of the website and the whitepaper. Very rare to nothing updates on social media accounts are also a red flag for me.

Sometimes we found out it easily but it sometimes they really hiding it. They know also of what scammers are doing and they strategies it for not caught easily, and it sad that many were become victims of these people.
It is our own instinct and our observation of a certain project to know if that is legit or not.  It is very important to read feed backs and so we are all aware.

The fact is that today it is very difficult to identify fraudsters in the market spawn of companies. But I want to say with confidence that for the last year not one Bounty company, which demanded to provide personal data, that is, KYC, as well as any company that hid names on and other information did not pay the earned tokens to the participants. And also if paid, then These coins are not traded anywhere, but the same as the empty space.

I think when they only talk about money and does not show the details of their plans to justify this requirement of money. In addition, the project is reliable until when it allows this condition. However, there are scammers who don't know how to do things and clearly demonstrate that they are liars and misleaders.

Basicaly scam project can be see on their group self,i mean like telegram group, did u think its logic if some group have a tens of thousands of people inside,but the active people no more than 100 people.also about their presentation.huge bonus also. Both for investor and for bounty allocation. I just think if allocation for bounty is more than 10% its really ridiculous.

The fact is that lately I have not met at all the total pool for the company's Bounty, which exceeds 3% of the total number of tokens. 10% is practically unreal, and if someone claims such an amount, then it is 100% fraud.

to see a scam project or not is quite difficult, in seeing us, we certainly have to examine the project itself. whether this project has irregularities or not if it is indeed strange, it is most likely a scam project

I some cases, it is pretty obvious but for the others it still tried to play investors and make an exit once they'll got money.
If we could see a certain coin which don't have any market value, it is a big possibility that is a scam coins. Investors never to look for that coin cause we can't give us gain rather than of losing.

If you are a beginner you will find it difficult to identify a fraudulent project. Therefore, you need to gain experience and knowledge. You can just read the white papers of different projects, try to understand their idea and what they want to convey to us with their project. So you will learn to understand which projects will be useful for us and which will not.

There are a lot of thread here related to your questions. If i may guide you since you are a newbie here.

Here are some of the link, so you have an idea on how or when to spot some scam ICOs.

https://bl4nkcode.info/scam/crypto-list/

https://tokentops.com/ico/scam/

Hope this somehow helps you.

You need to follow it for a very long time and continuously watch the project's activity. These scam projects often have no products and and the dev team has very little activity. You should stay away and should not invest in these projects

Just research the project as much as you can, and you will likely find some red flags if any are there... so what the coin is supposed to do, the team and their history, quality of website is often a good indicator, white paper full of buzzwords but little of any substance etc... the list goes on, but many scams are quite easy to spot. Those that ask for KYC for airdrops are probably worth avoiding as well - not necessarily scams, but certainly not worth the risk.

In my experience, phishing projects often have false signals about Team's information, making ambitious goals and promises. Such as they will be able to achieve 100 million dollars hardcap at the end of the project.
In addition, they do not have a lot of practical activities and just add poor quality articles to Medium, Twitter or facebook.
See these signs and stay away from them.

Yeah I think we all agree that  the lists that we all came up with are NOT accurate and will NOT give you 100% assurance that the project youre promoting are 100% legit. As a bounty hunter, I feel like I owe it to my audience that I shouldnt feed them wrong infos and scam ICOs. I would never exchange my integrity over some tokens whether big or small. The first sign of malice on the project, i would stop promoting immediately.

The cryptocurrency world is highly decentralized and unregulated, making it very susceptible to fraud and forgeries and many coins are susceptible to be a scams.
Investors should research in the credibility of the project through assessing the credibility of the developer and teams.
a clear white paper outlines everything that an investor might want to know about this coin.

Based on my experienced, here are the list. First thing is check the project, is it a repeatble project or a project that same like others, if yes just leave it. Check the team behind the project, the team members usually have a photo and linkendin link. Check it out and if the photo is from google, then it's a big red flag, check their whitepaper, join the telegram group, check how active the team or admin there answer the question from members or investor and many else.

By doing this, you are increasing your chance to find projects that can lead you to a possible success, with how the team behaves will reveal
the potentials of the said tokens, everything that too good to be true  promises mostly will open project and raise an ico's then scam investors
money after.

For me the most dangerous is downloading wallet. Most of altcoin wallets need to unlock antivirus and many times also other protections of our desktop or mobile. Unfortunatelly scam projects use that way to infect our systems and try to steal our money. Before I download anything i make really big and long research about project.

Here is one good thread to learn how to find them,though ofcourse this needs your effort and knowledge also https://bitcointalk.org/index.php?topic=3415026.0 but atleast you can have some points from the comments below

And heres another one to prevent scam sites as this was used by manynd victimized alot

https://bitcointalk.org/index.php?topic=4456502.0

How effective are your studies as a result? In my opinion, even dollars and closer study of the project still cannot guarantee you real success. In any case, there are risks.But I hope that the situation should change for the better soon.

I can answer in the affirmative that almost over the last year I have been participating directly in very many Bounty companies. I almost did not make any profit, although I did a very deep analysis of many projects, Studying all the information about the team, the project and the results of the project’s interest in society .

like this, bro, everyone who has been in this forum for a long time or not seems like the same. because it identifies scam projects and projects that don't scam it is quite difficult. so I think we need careful thinking so that we are not fooled by scam projects.

Even i see that many project team was real and project is looking so transparent, huge success but after token sell end they raised couple of million dollars and go to scam. And some fraudulent team assuring before token sell their token will be listed in the major exchange.

to verify if the project is scam is difficult.. even some experts cannot tell also.. but if you dig deep specially into their their is a chance that you can verify the project if scam or no

if you study all the available information and delve into their documentation, team names, and so on, it still does not give a full guarantee of success in participating in this project. To date, there is quite a lot of project, whose coins have no value comma although therefore, the company ico everything went quite well for you.

Bitforex is an exchange which engages in nefarious fraud practices to take advantage of unsuspecting crypto projects wanting to list on the exchange and consumers wanting to trade. Projects should avoid listing on this exchange unless they want to lose their funds.

https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a

Now you can request documents, and must comply with the established legal bases, since the new regulations require these rules, then the team must be willing to show those documents or publish them. Also check if they have complied with the whitepaper, the equipment must be registered with KYC in a control entity, it is a good way for them to follow up.

it was difficult to be able to avoid or choose a project that was not a scam, because what I had experienced when I attended a bounty program, although I have seen it in terms of white paper, background, investors and other things. but always in vain and hit by a scam. but I don't know if my analysis is wrong.

That is why the best way to invest now is to buy on the exchange. In most cases, you can buy cheaper ICO prices. Many projects are not in a hurry with the listing, they are waiting for a more profitable time. When the market starts to rise, there will be many new assets that will grow first.
When you do a research on the exchange, you can see the volume of trades, liquidity. In this case, it is not matter whether the project is scam or not.

It's very difficult to find out about a scam altcoin project, that's because almost all altcoin projects end in scams, this is more than 90%. It is very difficult to avoid it, sometimes an altcoin project has succeeded and won a hardcap, but in the end it turned into a scam and eventually hurt. A project that will become a scam usually has signs that it has been inactive for a long time, usually on social media it is increasingly rare to update. Then always postpone payments even for months. Actually there are still many features, but to make it easier to find information on ICOdrops, this will help a lot.

Honestly, it's very difficult to see a scam ICO project, because many ICO scam projects that are packaged are very good for tricking investors, but my advice is to look at the roadmap, the team behind it and the project offered, if you think it doesn't make sense, then stay away.

many ICOs are almost perfect in the whitepaper and in the basis of the proposal, but if further explored by direct communication with the parties related to the project, differences will be seen between each other. There are already some members of this forum who seem to help analyze some ICOs that appear more authentically, we just need to be more subjective afterwards to the developers directly

I would look deep into their supporting team, community and even transaction history to get a good sense of what they are doing is just

Can the support team guarantee? maybe that is one solution to the many ways that we are not fooled by the ongoing project. but the guarantee sometimes does not produce what we want, because all are clever to make a way to look perfect by preparing well everything related to the project. but the end result was very disappointing.
we should look at all aspects in order to convince us not to be deceived, don't be shy about asking by maybe already knowing and monitoring the conversation through their telegram.

it is very difficult to know which projects can be profitable in the investment because many who convey their vision and mission in the project are very well aware of the scam only at the end of the project and waiting for bad news we just found out it's a scam project

There are many ways to see a scam or not a place or a project. First, you can see the team on the project and find out the truth. You can see their social media accounts such as LinkedIn or so, usually if a project that ends in a scam then the teams in the project are not real they are looking for photos of others and even editing them. This method can at least keep you from scam, furthermore you can be active in scam accusation to judge/know that a project is really a scam and even you can learn to know how to investigate a project.

It seems to me that a complete analysis of the available information may not yet give 100% authenticity of the project. If we talk about the participants of the Bounty companies, then most of the participants will find out about the problems already during the campaign, or when they expect to be paid for their labor.

Its hard especially when the project is properly advertised and almost everything is good, until a bad things happen when they can no longer respoding to the investors. This is why i don’t spend time investing on new projects today, i just need to wait for the a new coin listed on the top exchange and invest there.

I don't think everyone can detect a project, whether the project is a scam or not. because detecting a project that is scam right now is more difficult than we thought so I think it's not easy, and actually we saw the project first. there are projects that are difficult to guess and easy. then we see first of its development, whether it runs well or not. because each project trip is different of course.

I think there are many things that can be used as indicators of scam projects. including the unclear project concept, the project team never released project development, and many other things.

Scam project detection is really very difficult job, You have to spend huge valuable time. General members can not do it easily specially without research which is scam. Some scam project detector members try to find out when announcement thread publish. I think if Development team is fake that obviously scam.

By analyzing the project we will be able to make a decision whether it is indeed included with a scam or not, but actually to be able to distinguish the project is very difficult and sometimes we are wrong in judging it

no one can know that this scam project at the beginning of the project I think is a very difficult thing to do because we know it at the end of the project in conditions like this we as investors must be smart in choosing good and profitable projects

we can find out whether the project is a scam or not after we are done with working on the project because at the beginning all the missions and their visions are perfect and good, maybe now we have to be more careful with the projects we will follow to do a lot of analysis

Actually it is really hard to find out scam project when clever team start their project. But there are some project which is very bad and we can catch it. There team also fake they can use fake photo and website so low, telegram and all social channel almost low activity. 

I remember the project ethereum Classic Vision, which was declared fraudulent, In addition, the number of subscribers to the telegram channel was several thousand, and the activity of participants in the Bounty company was higher than the top-rated companies.I remember the project ethereum Classic Vision, which was declared fraudulent, In addition, the number of subscribers to the telegram channel was several thousand, and the activity of participants in the Bounty company was higher than the top-rated companies.

as you say. indeed detecting a scam project or not is indeed quite difficult. because most of the projects have met the specified requirements. so we have enough trouble detecting whether the project is a scam or not.

Therefore, choose the project or choose altcoin ico as a gambling for us. all can benefit, but we also there is the possibility of losing our money. the important never tired to continually honing our skills, it will help us to minimize the risk of scam altcoin.

now it is very difficult to find a good and profitable ico project for its investment because the vision and mission are very good and with such conditions investors must be smart in choosing and in my opinion you or we must join the community in order to exchange ideas

You can see the seriousness of the dev, it can be seen from the grub and direct website. You have to check it in detail and also search this forum to help you. usually projects that are not serious are rarely giving updates or announcements after the completion of sales or bounty campaigns.

It is very difficult to identify fraudulent projects from real projects. The fact is that even analyzed and studied all the information about the Project, as well as about the company's eklo team, still does not guarantee that you will not be deceived. Today, deception is becoming a frequent occurrence not only in the market of his company, but also in Bounty companies, Even with more or less normal projects.

We'll never know that for an instance specially if the Ico is still on going. It is still important to be observant and do series of research at times. We must be aware of their strategies and ongoing plans. We must be mindful in choosing a good project.

When it is in the exchange already, that is the only sure thing that the project is not a scam. Some projects have the grandest promises but will end up being a scam. Choose wisely, and check their websites and other social networking site profiles.

There are many things we can do to know whether the project is real or scam, the thing we can do is check the profile team, most scam projects using fake teams besides carefully reading the whitepaper is a must to avoid scams.

firstly know that 95% of altcoins is scam.
dont buy any coin from its ico.
and sell when you gain 1.5x in altcoins.

Even if you check all that information, you still can't distinguish whether they are fraudulent or legal, you should remember that what you think, scammers also know, and of course, when they understand your thoughts, they will create a project with the information you want, and you are falling into their trap. I rarely check that information, I often only consider comments from people who contribute to the project because I always thought that a brain would not be better than brains

Is hard to know which is scam and which is legit, some of them looks ok but after some times, devs dump funds after get on exchange and claim that was hacked and so on.

The situation is very complicated. Much research is needed to know that the project is scam or not. You can get the result to research the team thoroughly. Also, follow the scam accusation section on this forum.

Scammers now is very smart that's why detecting scam ICO is very hard,because there are some projects if you check their background you will not see that it is very suspicious but you'll find out in the end of the ICO that the project you joined is scam.

You will only knew that a  project is turning into scam if they are not active ,no updates coming from thier.social media accounts, no one is answering the questions from.different people about the situation of the project. In my case i alaways check the team members if they are legit and has experience in blockchian projects.

You will only knew that a  project is turning into scam if they are not active ,no updates coming from thier.social media accounts, no one is answering the questions from.different people about the situation of the project. In my case i alaways check the team members if they are legit and has experience in blockchian projects.

Actually, we can still check whether it is included in a scam program or not, but the problem now is that many projecks are almost the same between scams or not, it is almost difficult to distinguish them.

If we work alone to check of course it is a difficult thing, I always look for other sites, telegram groups or ANNs in this forum so that if the project is scam then the team gets a negative response from other users.

Hallo Hemadi,

It's important you read this. Good basics to show you what to choose and avoid scams.

http://truepromisemarketing.com/how-to-choose-an-initial-coin-offering-like-a-venture-capitalist/

Enjoy and leave a comment.

now this is too much scam project, even i myself can't tell which projects are scam and not because average has a good concept.
one note that sometimes they prefer to resign because there is no interest in investors to buy their tokens

Special care should be taken when new projects emerge, especially if their origin is difficult to investigate, the most advisable is to study the whitepaper very well, its development team, especially if they are complied with the actions, if the marketing team is Big is a good sign, and especially if the developers work every day on the project. And for the part of the speculative market to see what shape the graphic takes, that does not form a "Bubble" type, although at the beginning it is always fulfilled that it must emerge little by little.

its difficult to know whether the project is scam or legit..they have their team displayed on their website, cannot say that they are scam.. just like others,check the comments of the expert then you may know that they are scam

Exchange confirmation is good positive point when ICO ongoing but i believe only transparent exchange. Lower quality or fake volume exchange dosen't mean which project is legit. So, we have to good research before ICO invest.

it will not be easy to find a good project and stay aways from scammers because scammer will never let us find informations about the project deeply or scammers will give us fake informations and many promises to help us get huge profit if we invest in that project, so if we want to have huge profit, we have to take the risk of scammers and believe in the community who can find real informations about the project and should never invest too much in a project.

The questions is how do we know that they use fake team to their project? while each project only describes their team at ANN
or their site, we don't know they are real or fictional people. how do we know that?

I myself have been involved in crypto for a long time but have not been able to determine which projects are scam or not. because most of the scam projects are sometimes hidden from all of us. so in my opinion not everyone can overcome scam projects, and of course if you are a beginner, then it's better to learn about crypto first.

Scam is if they dont pay bounty hunter like me when ICO is finished and success, delaying spreadsheet and the answer is not good like soon, its on the team and etc thats be sign of scam...

I don't think it's just a matter of not paying bounty hunters, many reasons that occur when scam projects, some cases the project has given the tokens promised to bounty hunter participants but they don't care about the price movements of the tokens at the exchange place and that can be said scam because the obtained exchange rate is cheaper than expected.

The fact is that today the market still shows not very good results and therefore most of the new projects today have very low price categories. The fact that the prices of their coins are very small does not mean that this project is fraudulent.

It is hard to tell actually you could do some background check in their team.
I have done it before but seem's like most of the team of an ICO are just using fake information only few of them have a real back ground in the internet.

which I know so far, project scam we can see from concept is not logic, private sales, team images are not public and there are no updates ,better avoid the project it and look for better

At the moment, unfortunately, there are many fraudulent projects. I think it depends on the general situation in the cryptocurrency market. Projects simply can not raise money, investors do not want to invest money. But fraudsters have learned a lot, so it’s very difficult to distinguish a good project from deception.

Main reason why bounty hunters don't take price seriously because of lack of confidence on the project. Bounty participants usually dumps bounty earnings  right after the getting  listed on the exchanges.

it's a simple way to know what altcoin(are gone)/scam just track the developer activity about the project they offered, if nothing any movemen aboutthe project we must beware because maybe this developer just want our money and not seriously develop the product to investor

Better to check all important things like team profile, check their whitepaper and lastly know others opinion about it.

Sometime those scamers do provide fake profile in other to deceive potential investors.  You have to used the service of icorating or icobench in other to see reviews that investors are making concerning any projects that you want to invest in.  The whitepaper is also important including finding out if it an existing product.

Unfortunately, the fraudster is very smart and inventive and portrays honesty and responsibility to the last. Therefore, it is important to study the team as thoroughly as possible, check the profiles of each of them, and ideally speak in person using video calls. And of course, make sure that the team is professional enough and has the necessary proven experience.

You can start by taking a close look at their social media handles, most scammers create new account for their scam projects. You can also check their partnership by enquiring from the said partners if the partnership is legit

"Check out what technology are they using" sorry, but what technology do you mean? Do you think if the project uses an erc20 it will have a chance to scam

The project might be too good to be true, do give time in studying it. Before it's easy to track projects if they're good since it is made from  established company, now everyone can create their own project as long as their good in technology. Research the company legalities and project goals whether they are realistic in their target goal.

Good to detect that a project is scam is to first verify if the project they have, have a whitepaper that is being fulfilled fully.

It is also important to keep in mind that the members of the team that make up the team should always be very well researched, it is very good if everyone has their active social media profiles and if they are authentic, many scam projects falsify their identities so as not to give their true identities, because they are those who love anonymity and especially in crypto they like to be anonymous so nobody can track them.

Yes, agree with you but we don't have any period when those coins prices will start increasing but those companies need to have strong development team which will help them to increase their price. So it is always good to check the potential which has huge potential with their activity we can easily understand their future goals about their project.

All new projects that have decided to be implemented at the present time will somehow fail in some way until the market recovers.  So to talk about fraud or a bad team, because of what is happening the impact on pricing, so far there is no point, because there are no market conditions.

in my opinion it is difficult to know whether the project is a scam or not. because most projects now, both of them have a very good concept. maybe this is just a little input from me, you must first check the team, the road map, the products offered. real or not ... and the average project that smells of fraud, doesn't tell in detail about the project being run.

I think the project scam will continue to exist. even though there were projects that really tried to survive throughout the past year until finally some of them also gave up because they did not have good support. but seeing improved market conditions, the new project should have a good marketing strategy and sales concept to be able to get investors.