Bitcoin Forum

hello everyone

I have came to think of something reasonable about some projects, today everyone just wakeup to create his project and introduced it to btt just for people to suffer and promote probably at last the project will not succeed and they will foldup why? everywhere and there having much projects trooping in the forum today but few succeeds.
today, tomorrow, next tomorrow came up with all such of tokens, or could it be they want to build their social media groups and pages then they will come create fuck token and disbursed to the people whose manage to follow them on their media page and at last such token has no value in the market. they will even stole some other project websites just to boost their pages. this is improper... We hear scam and thief everywhere due to not have a proper documentations about the ventures.  
I think earlier 2010 to 2015 there were no scam project even if there's, is just 1% but now is +-50%

to me this are the interest of those fake project.
1. they want to boost their  facebook page
2. they want to boost their twitter page
3. LinkedIn page
4. YouTube, ETC

my Questions

Is there no other ways BTT can track and trace such people posting such project in the forum?
Is there no way we can run free and fair project in the system without us being scammed or tricked?


Let me rest my case here and I would like the elders of this forum to look into this
Please feel free to drop your comment

If they post a project on this forum, then some members this forum will examine whether this is a risk scam or is still feasible, if it is proven to be a scam, the account will be rewarded with red trust if it does not act. That's what I know so far, but the drawback, most of the accounts that post project announcements have a newbie rank, so they can make more in the future. Maybe, if this forum implements an identity verification / KYC system for an account, then I think it will be better.

bitcointalk is not responsible for keeping track of what is being advertised in it. they are trying to keep things as free and decentralized as possible. it is up to the users to do their own research and figure out which projects are scammy and which aren't.
and it is not that hard to do that kind of research either. it just takes a little bit of time which some people are lazy to spend which is why they fall for the scams.

with all that said, if a project is actually good and has something real to offer and more importantly is not the copy of another project, then i am sure it will succeed easily.

There is actually a token called Fuck Token  ;D


There were a lot of fake airdrops in 2017 that have done this and there might be few who are still doing it today. You can add here "they want to boost their referral links". When Binance was just starting, some people have been giving fake tokens to whoever sign up to their binance referral link.


Bitcointalk admins/moderators do not monitor them. It's a community effort. Just go to the Scam Accusation (https://bitcointalk.org/index.php?board=83.0) board and see how many scam projects are being busted daily. If you see one and you have enough proof, you can also post there.

As long as there are people who easily gets fooled by scammers, this will never stop unfortunately.

Its upto the member if they want to follow every social media channel of the project, it is self decision and forum cant cotrol that. But honestly its a good marketing idea if they just want a free boost and pay only tokens.

The only solution for your problem is do not invest or join in any project related to ICO so you will not feel victim if the project is  scam or  failed .

Those who have to be resposible for things like this are member of this forum itself, meaning how they aware look at the oddities of every new project that arise. How can we expect that scammer will not scammed again if there are still people who easily get scammed, why they easily get scammed not only about the knowledge but also but the mindset which is want to get much money with easy way.

No people will be scammed, if no one wants to get scammed. A lot of people says that lack of knowledge is the reason why people get scammed, but i think greed is mostly the reason why people get scammed because most of them only focus in earning huge amount of money that they didn't think twice if the project is scam or not, so most of them ended up getting scammed.

A lot of projects are posted here on the Bitcointalk forums within the "Announcements" boards. There are many reasons why projects end up failing or succeeding. One of the reasons many projects fail is because lack of funding, due to either failed promotion, lack of any really innovation compared to other projects, or little to no transparency.
   Then you have the scam projects who exit as soon as they gather enough funds. The biggest reason I believe comes from legal uncertainties. The SEC has really been clamping down on ICO's due to potential securities violations for projects who fail to register.
 Look how much scrutiny that Telegram is facing for selling "TON" tokens. The SEC stopped them in their tracks!

Bitcointalk can't stop those scammers they can create new account anytime and bitcointalk is decentralized there is no kyc here. But the members should be the one responsible in stopping it, post a scam accusation if you have found a valid proof, do not join suspicious projects.

Maybe it's because they're interested in getting our data out, to use it for their illegal activities.

One of their targets is our identity pictures, To use them online for illegal activities such as using your picture as a founder of the invesment platform.
And also email, they use it to give us spam emails or phishing sites.

Bitcointalk isn't responsible for tracking or even stopping scam projects being endorsed here. It's a good thing that there are always concerned members who are reporting and reminding other members to be aware and to get rid of fake projects. We can't eliminate them because they're using different social media platforms to fool people so we have to be wise all the time.

The only help bitcointalk can do is ban those suspicious people on doing such illegal activity. Yes there are lots of people who has been reported in the scam and accusation thread. Only their account here is affected but their real identity still hidden especially if their account is just new and just created. This is an open forum, so people should beware and take extra cautious when dealing with forum account that are just made or created to do some project announcement.

Bitcointalk is not responsible for scam project that pops every now and then, it's a forum with people who are willing to share their thought exposed thoughts if they see suspicious about the project that we need to thank for since it's not their job to do so but they still do to at-least lessen those project that we will be needing to research if we plan to invest, better invest or join in projects that are already listed or have built product to lessen the risk or to assure you're investment is success. We can only determine it's success when we research and investigate the project.

The best would have been that it did not start. Ever since scam started in the cryptosphere, particular the projects that are launched these days, it has been on the increase. All effort to stop them from coming proved abortive.
If they cannot be stopped, we can at least to some extents avoid them. How then do we do that. Through proper and appropriate research, not minding the time it takes to do that, until we are sure, while waiting to invest.

I think BTT is an open forum for sharing information about crypto currencies. and if Bitcointalk can detect and banned scam projects, that doesn't mean they will stop. like the part you mentioned. they can announce on Facebook, Twitter, Linkd, YouTube. because some scam projects appear on social media.

The vast majority of projects certainly don't succeed.

The crazy thing is, there are well over 1,000 cryptocurrencies listed on CoinMarketCap, with around 200 of these with a market cap in excess of $500k (I would argue this is the threshold for success).

The truth is, the vast majority of these projects were simply bought up in the 2017 bull run, they didn't have any intrinsic value, people ust speculated they would increase in value by virtue of the bull run (and most did).

However, these projects that lacked internal value are now being dumped by practically everyone, sending them into the abyss that is failure.

There is no way can this forum keep the track and trace of people since this forum is completely anonymous. If you remember when you registered here there is nothing personal they asked you to fill up or if there are it is just optional. Scam and fraud is natural on this kind of industry because it is easy to pull off but the sure thing is, it can be prevented through some reading and researching.

Checking my bounty wallet I believe it's much higher could be 70%


You are right, one of them is LBX a project that paused their ICO, they used their bounty campaign, to increase subscribers to their newsletter and followers on their social media, at least they are sending the latest news about crypto in my inbox.

Some members are doing that and reporting in the scam section, but it's not their obligation though

This is an open forum, it's a free for all, anyway these scam projects are caught and exposed.

The way the forum is structured, there is no way to track the accounts that come here to start up such projects. And the forum doesn't check the legibility of projects that are been advertised here.

The only way is to bring the project to the attention of the forum moderators, and that's only when there are verifiable evidences of scans from the group.

There is no way for Bitcointalk as a forum to approve a project as almost all projects tend to bring their products and services into picture only AFTER conducting one or more exchange offerings. As a result, it is impossible to say if a project is legit or just a scam other than simple call outs like faking the team details, plagiarism in the white paper etc. which is cracked down by the infamous Sherlocks on the forum.

Most of the airdrop campaign does the giveaway to boost their social links and gather some active member on their telegram group! Creating an ERC20 token is absolutely no cost! But fake bounty campaign doesn't do this to boost their FB, twitter followers rather they do it to scam people's money!

And, Bitcointalk doesn't hold any responsibility in investment or Legit and scam projects! It is you, who needs to research hard before investing in a project, use Bitcointalk Forum as a hall of education, that will be enough!

Bitcointalk forum is open for everyone to post announcement thread about their project. And you're been left with an option to research or report any suspicious act of the project. Btt can't force or tell you the project to join or not, you join by your own risk

Its not this forum duty to tell you which project is real or not, as an investor or bounty hunter its your own duty to do research on new projects and if you find a leak just post it on here with prove and the scammer profile will be given red trust

Your questions are confusing, do you mean you want those campaign manager to show their identity so that we can track them? in that case its impossible, this forums respects the privacy of everyone.

Aside from that it is useless they are only campaign manager and not the founder of the project.

I think if there would be a way to track such people, BTT would make it for sure. But on the other hand, it is not BTTs job to track such scammers, people should learn more before taking part in such strange schemes.

They don't care about it, because if they were a scam they wouldn't be able to take advantage of it because nobody would be interested in their social media account pages.
Bitcointalk does not know this, but if it has a bounty campaign and ann threads our members will know it right away and warn us immediately. Our moderators also give red trust to campaign managers who run scam campaigns so we are warned immediately .

this will result gaining shit coin in our various wallets today. well just as they have said earlier, we just have to be careful at all time

You know, I don't really agree with your point of view. There's the scams and nonsense projects which obviously have failed during recent times, because well... they were scams and nonsense.

So if we're talking about becoming ridiculously rich, I am quite sure that - indeed - that didn't succeed for most people and projects.

If you're talking about the blockchain as a concept of data decentralization, and not about sticking fictitious values onto tokens from useless projects and then pumping them and hoping to get out when you've gained 3 dollars - which is actually why 95% of the people on this forum are here, then you're wrong. We are not only talking about the projects which you read about on this forum, but about the daily life use of blockchain. As a matter of fact, I do have friends who create blockchains for private companies, to process data/documents/information/internal communication etc. "à la carte". I can tell you that these projects are very much alive.

Blockchain as the concept of pump and dump projects you're talking about, has become quite rare. Blockchain has become mature and it's about time some members of this forum do, too.

Agree with you that everything is the right of everyone. want to join. investment is their respective rights. but when we get a project that turns out to be problematic can provide a report so that many people can be careful in investing. Regarding many projects that fail, it is undeniable, but I have a thought, aside from the scammer factor, they are also difficult to get funding and cannot go according to the roadmap.

Bitcointalk has been helping warn the community against suspicious projects which may potentially scam hunters. Once you check a bounty,  some have warnings above like the one shown below. Also,  there are threads that report scam projects with fake team members. https://imgur.com/a/SpnM8jS (https://imgur.com/a/SpnM8jS)

Initially, when the project itself appears, it is impossible to say whether it is fraudulent or not. To do this, you need to conduct a series of checks. I know for sure that it is in this forum that fraudsters are already actively taking clean water. Of course, you’re right that there were no fraudulent projects before, since this direction has just appeared and the projects raised a lot of money and, in principle, many were happy with the result. Now, most of the projects already at the initial stage turn out to be scammers, and those that bring the matter to the end of the unit. The most effective way to identify a fraudulent project is still the work of people in this forum, for which I especially thank them.

Obviously, there is not much thing a public forum can do about it. Some conditions, such as collateral, may be used to counteract this issue. However, such conditions will aslo send away non-scam projects. It may be a solution for project owners to give a certain amount to the predetermined persons as collateral over a certain period of time. But not every project will be able to afford it.

There are certain sites that show statistics of a particular project. But often they lie and show the wrong ratings. From this it follows that you can not trust anyone but yourself. Even if the forum will be the person who will monitor the projects, it still does not guarantee that such projects should be trusted.

Honestly it's not the entirely duty of bitcointalk admins to spot scam projects for everyone, it's individual due diligence that will curb scam projects. It's our duty to always research on projects before making any investment or promotion as bounty hunters, knowing fully well that most new projects have the intention of raising funds for the team and not project development. Well, I've seen a few projects whereby people declare some projects scam here on bitcointalk with proof, and it's really helpful.

Most scam projects are not scams from the start. Their teams usually begin with a normal idea and invest some money into it but later decide to take the fast lane and exit scam. There are many different reasons behind their decisions.

Some are bored with the project some get so many clients early on and such a big amount of cash that they want it here and now and scam to be able to spend all that profit.

Hello brother, we have a same feeling by the way. and this become a huge problem for us as a bounty hunter, especially as an Investor. too much scam project right now. since 2018 it's too hard for me rising an income from bounty. the probability only 1:10. only 1 success project from 10. but I have a solution if too hard for you doing due diligence for a project, you can try this thread.

you're not wrong. scam projects always make a bounty and airdrops programs. they always make affiliate program into their priority. yeah, they affected people to boost their social media. i always find crypto related group in my telegram and facebook page that always changed their name frequently. but i think bitcointalk can't do anything about this, it's not their fault. scam projects even hire a good bounty manager to make an ANN post about their project in this forum.

There are some members here who are very caring and always provide accurate information through Scam Accusations (https://bitcointalk.org/index.php?board=83.0), it's enough to give a warning to other members to be more careful. And for accounts that are indicated to commit fraud will definitely be dealt with firmly, it can be in the form of red trust to banned. And this gives a lesson to each person to be more caring and careful before joining any project, and do a thorough analysis.

Simply reason is that crypto is still fairly young at that point, less people involved in crypto-sphere.


Yeah, definitely this is the place where scammers find this victims. Remember Facebook shutting down those crypto adds before?


I guess it's no one responsibilities but ourselves, if you don't want to be fooled by those criminals here then you have to be very careful and research everything first. It's your own responsibility, not BTT or someone, although there are individuals here who really help us a lot by exposing scam projects, just go here, Scam Accusations (https://bitcointalk.org/index.php?board=83.0).

Forum is for everyone to promote , to earn and also to learn about crypto. Forum give this opportunity and I think BTT is not responsible for any scammed that will happen in the forum that's why there's a scam section that community will use to post what project is scam or suspicious to be scam. We as a community is the way to stop this scam project by giving warn the others in this forum, of course by deep searching of every projects back ground.

Projects comes up in bitcointalk almost everyday, not only one or two, but many of them.
Do you expect the moderator of the forum to investigate all of them? It's not their job, tbh.
That is why they need our help, by us reporting such projects.

The world is full of scammers not only in cryptocurrency. And running a project without being scammed or tricked?
Well, you need to be very lucky to see how a legit projects are. Since even with the most credible project from your research, it doesn't mean that it was a legit one.

The elders have a lot of other work to do. They are unlikely to be engaged in tracking projects. It's everyone's responsibility. If you decide to invest somewhere, it is only your responsibility.

It's good if bitcointalk has filters for these kinds of projects. But it must also be known that this is a free forum, everyone is obliged to protect themselves. Yes, indeed many guys will find out more about a project to find out the true identity of the project. But don't depend on other people's research results as well. At least train yourself to get used to doing research before plunging.

Actually forum has, but isn't automatic as like filtered and will be removed once known. We have mods and DT monitoring and observing some post in reputation and scam section which could be a source of primary removal and warning. It is self investigation, I dont think scam can automatically detected right away, if yes there is a really huge help and people will delighted to buy and use that whatever scam detector machine created.

This forum has no obligation at all to detect scams, but people are free to post scam projects that they have seen, which they have investigated in 'scam accusation section so that people can search it there their prospect project if it has currently accused as scam, if nothing yet, then it is our part and obligation to do investigation about the project before we will join bounty, or before we invest. This forum is just a tool for us to communicate freely, but still it's on our hands how we deal with scams.

Hence, it's called a forum :) and with so many projects being released, almost everyday, those that want to put their money on a certain one needs to be a little more vigilant and diligent when it comes to studying the venture they're investing in. It should be pretty basic for any investor. Most of these projects are just platforms to get money from people, whether through investments of social media interactions. That's why a lot of simply won't succeed because there's no actual target.

Token creation is really very easy these days small children can make their own if they wish to. This is how the token creation platforms are making the creation of token very convenient even to scammers and experimenting people who have no actual idea how to develop a real project. And since the promotion of such tokens in social media sites and even in this forum is all free, there is now a swarm of useless tokens offered in the market.

This concern has been raised for several times already and has been addressed minimally as it will take a huge effort in order to track and aired those scammed projects so we can avoid them.

But if someone will finance and create a platform that will definitely track those shit projects and stop them before they can launch then we can at least lessen those scam projects but we cannot stop them as there are genuine projects also that will end up scamming investors especially if they raise a huge amount of money and will run it at the end.

This is very well said, it is our very own responsibility to assess a certain project whether it is legitimate or worth it to invest. This forum is a tool for learnings, a way for everyone to know about crypto-related concerns. There’s a section here to spread awareness that a project is a scam and not worthy of our time and money to invest.

That is why I say that we are obliged to look after ourselves and our assets. Because everyone has the opportunity to make a new project here, but the fact is whether it is a legit project or a project that only wants to find victims. What we need to know is who they are?, who promotes it?, is it really good?, is it just words made by marketing, is it a bounty manager who only cares about money, lots of questions arise.

A lot of greedy users take it as an advantage to victim newbie and unknowledgable users. although, we can't easily make an project but they have an dedication to do it because they have sponsor and support to other greedy users too, so many get victims on what their doings. a lot of exchanges has a useless and  without value tokens and its ruin the market, hope they take action on it so that crypto can attract more newbie users in upcoming months and years.

i get what your saying, but its kinda part of the freedom of this forum, scams are not moderated here.
Its up to each person to do their own research to make sure they know what and with whom they are investing their money with
Never invest what you can't afford to lose is the golden rule here. After a person has some experience just reading this forum, you can spot a scam a mile away no problem :)
thats the only way to really protect yourself and separate the scams from the gems here

It's because scammers now know the no. of people who blindly invests in projects without doing a proper research. This has triggered scammers to create fake projects and create some traps to scam such.



Well these methods are something that I also don't like but this doesn't necessarily means a projects is a scam. Every project needs attention and with so many projects it's hard to get so I get it why projects look out for boosting services but this is something that a projects shouldn't go for.




There are some sites which helps in tracking fake followers but doesn't covers all the social platforms. If their media page is not getting attention(in terms of comments) then it is most likely a boosted social profile.

No one can determine easily how good the project nowadays mate . .especially those emerging projects because they have a good testimonials as well such some legitimate . This is very common strategy actually but unfortunately no one still can't determine which is scam and good project. Even here in forum.  Wherein we can figure it out if its a scam or not once someone posted an accusations and making a thread.

at least with this forum we can find out that the project is a scam, so we do not continue the project. the power of news can influence the minds of investors. and isn't a project considered successful if it can raise funds according to their targets

Bitcoin talk is just having the thread it dont bother if thier was a scammers here in cryptocurrency. We have this report threads who is cappable with this scammers who waist our time to promote their project. Also scammers in our generation are already good enough to make a scammed project look like a real project,we all have that scenario about fake projects here for the investor.

Bitcointalk is not an exchange that ask for KYC to avoid money laundering, this forum was built on freedom and decentralized act for users, its all up to users to learn and always do their parts before investing on any new projects, do your own research which i belief will still safe your ass from scam projects

Boosting social media accounts of such bounty projects doesn't mean it's a scam. They need boosters to promote their project. And btt has nothing to do about it. They go here for promotions, the good thing is that btt forum will not tolerate any kind of fraud or scam projects.

Definitely, most of the projects are doing what the usual team are doing until the end. The problem is that, the usual end will be scam like the token will not be able to launch, to be listed, or the team will not be able to pay the participants.

However, we can prevent joining those scam projects starts with us (bounty hunters) by having a proper knowledge and having a self awareness.

There are still so many good Samaritans who reports scam project in meta section as well as scam section of this forum but still most of the scam project which cannot be identified and also it's responsibility to report those scam projects in the forum as it will help others but if we have some sort of KYC for the projects before they are eligible to post their thread then it would be a great idea to stop the scams.

The crypto world is a free one. That's why there have been numerous fake people with fake projects looking to rip others off. I think counter measures have been taken to reduce the number of scams out there but we still have a number of scammers left. I personally think that we should be very careful and watch the backs of each other by pointing out these scammers.

It is hard to identify scammers in the market as they appear to change their game and keep on updating and there are many users who are tracking these bullshit projects and if they are collecting the coins in bitcoin then there is a chance that everyone will be caught even if they used mixers in the past .

I always think that, what can save you from fraud is your knowledge. because the crypto free nature makes scammers look for ways to cheat, so prepare yourself inside here so you don't get tricked easily

this is a problem that occurs in cryptocurrency because many projects are not very good even many are scam and usually when they give a promotion in the form of a bounty campaign they only know the concept and planning of the whitepaper whereas if the team of the project has a plan to scam then it will happen when the fund collection is complete and it is difficult to track, usually it is from experience, many lists of scam projects and you can see from the team and as much as possible you can memorize them because just in case you are not exposed to fraud again.

crypto world is free and open to anyone who wants to enter and take part in it. there are no rules at all and this is a form of crytpo anonymity. so, there is no way to resolve all your complaints above, it's just that you can do it yourself, I mean whether it's avoiding or not being involved in it, if someone doesn't want to get scammed here.

I think some people in this forum worked hard to find out about it. some of the experiences that I have seen, when a scam project appears, some people get the strangeness of the concept, to the edited team photo and give that thread red flag. many people are finding out about it, and when I see a new project, the red flag is already on them.

although they aim to improve facebook, twitter, or other things, when they become a scam, I think that only blasphemy on their social media. I think things like that can be avoided when we do a deep search.

That is why there is a scam accusation page on this forum. It is not the forum moderators' task to review all the projects that want to promote or market here in this forum. However, the community works as a whole to bust those project by posting reviews nad feedbacks about the project so other members can be aware of it. That would make people lazy if the forum is obliged to review all the projects that are promoted here. A scam-free environment is not achievable even in real life, a lot of people find easy way to earn money. What we can do is just to leasen the risk of being the victim by educating our self and doing our part before investing.

True, complaining is indeed not going to solve the problems that have already occurred, if he asks is it possible that most of the projects did not succeed? , then the answer is very possible, because now there are so many projects that are not successful when making sales, this is certainly very influential on the confidence of investors in all projects.

It is indeed our responsibility to find a scam project. If ever we have found a scam project it is our duty to inform everyone by posting it on the scam accusation section. Moderators are not responsible and it is not their obligation to filter every project to find a scam project.
It is hard to trace projects with an intention to scam the community, scammers are always there, and no one can stop them. Avoiding them is the only way.

The development of scammers from 2018 to the present is very rapid. Scammers have many new methods to cheat and take investor money. The people behind the fake project are invisible because they use fake identities. To track the real person is very difficult and requires qualified cyber capabilities to track to the location and device used. But this forum only revealed that the project was fake and should be avoided.

For projects that are free of scammers and fair at the moment are very difficult, fake projects continue to grow, but the original and paying projects also exist, just do the research first.

Sharing a project here with others before investing is a wise step. This way, the investor can keep himself safe from losing money in scams and weak projects. There are many experienced people around here who can give accurate predictions in this matter. Other than this, doing good research on your own will highly help from not being scammed. The quickest way is to invest in trustworthy coins like bitcoin.

I have also been suspecting this same thing but I just confused my dear. that is why we need to be careful with how we give out our personal data to some project, moreover some project that will pay me a token that will worth upto 10$ and they will ask us to do KYC such I declined to run the KYC. is very risky releasing personal identity information to them just like.

okay thank you for your contributions, just have said earlier we all have to be very mindful due to what has ben happening recently.

I like that  forum BTT is a free space for everyone. And it’s very good that there are responsible users who spend the knowledge, efforts and personal time to identify and analyze of scam's projects. Perhaps, the condition that managers of promotion must has higher rank than newbie or copper would help the clearing the forum's space of  scam.

Do you think that a higher ranking member can't scam people or what, hello brother this doesn't determines the basic facts is that we have to be very careful at all time

Some trusted parties have already published a benchmark about how much percents of ico and ieo platforms are getting failed and it can be proved if that is possible. In a competition there will be a winner and remember when there will be 10 projects are working in the same field and the winner will always be the only one who can survive till the end of attracting the investors to buy the token.
The successful or not the sales that have been running by projects depend on the credibility of the project itself.

not only 50% of projects are deceptive, but can reach 70%. Many only take advantage of misused investment funds. They scammers wrap projects very well and are able to fool many investors. One of the precautions of early prevention is to report it directly to the moderator if you know it and create a thread that the project has a scammer and wants to cheat. All must work together to fight scammers. Maybe there will be better rules and policies for this forum so that there are no more cheats.

For me, I don’t think any of those 4 listed things are the reasons why we have fake projects everywhere, there is just one common reason that we have for the introduction of fake projects, and it is called MONEY.

Many project developers have already studied how lucrative the ico could be when it comes to fund raising, they have seen how the pats quality project have been able to raise millions of dollars through the ico, but the only difference between those early ico and newer ones is the fact that they lack idea, so what they rather need is just the money, then you see them creating fake project and also fake of those things you listed. It is only regulation that can solve that and nothing more. We need a body that can be in charge of regulating that.

If we don't want to be scammed, we should be more responsible not to invest or participate in a scam project through an extensive research before participating or investing. I know it's the best thing we can do and it really works for most of us but for those who are too lazy, they still end up landing in scam projects.

It's not like this forum (you mention BTT) is responsible for such thing anyway this forum is only giving a free market for project to start their own ICO by announcing here, the rest of thing that happened is up to the people and most of the helpful thread regarding list of phishy project also created insividually by users not the forum moderator.

Most project dont succed because it follows the natural selection even Initial Public Offering ususlly gives a really dissapointing result despite the fact that some of them are from popular giant company.

Ico is almost completely gone and Ieo is not doing too well either so now look at it this way. Investor has declined on the both at least not as they used to before so even if a project is good low investors can affect it

Until there is a regulation before we can fully win the trust of the investors again, because many investors are so much scared of joining any cryptocurrency now because of the bad developers that we have which is classified into two categories, the same one and the ones that have no slight idea about project other than just creating what they will use to raise fund and then abandoned the project in the future.

I think that it will take a lot of very positive thing to really trigger the heart of people again to begin to start investing in ICO project ones again. IEO is what is even still surprising to me, because it seems like binance has even abandoned the idea as I don’t see them releasing any project again since the last two they released months ago.

Indeed, the majority of projects won't even collect their soft caps and when they do, they would likely fail to keep the price on the same level as during the token sale. This is sad, but true and we cannot do much about it on such a market.

Bitcointalk is a forum and everybody can post whatever they like, fortunately there are rules and guildlines that guild each postings and there are administrators who help ensure that those rules are followed but we cannot hinge everything on them, like when projects are posted in the forum, there are some kind hearted people that volunteer themselves to researching on new projects and ensuring that they are not scammer, obviously they cannot research on every project posted, they are only human, but you could also volunteer to assist them as well.

This is 100% possible, I have heard of many that couldn't hit both soft and hard cap and they can't proceed with development without having funds to start up with, so many projects have had this issue of no fund or low fund raise. It's normal thing in Cryptocurrency.

Yeah I have already made myself available and I m also doing some research about some project I found recently and I will give feedback once is confirmed.

This is true.  I don't remember there being so many ico scams until about 2017 when bitcoin was exploding along with altcoins.  People obviously saw the interest in crypto, and the more unscrupulous ones took advantage of that and started creating these projects with iffy ideas that never had a chance of succeeding even if they were legitimate.  Some of the project ideas were downright stupid and others were obviously scams, but the upshot is that 99% (at least) of projects that end up with a token being created are scams.

As far as what can be done about it, I'd like to point out that there are a lot of members here who actively expose the scammers.  If you take a look at the scam accusation section, you can see some excellent detective work happening, with fake or plagiarized whitepapers called out along with nonexistent team members using stolen photos from the internet, kyc at the end of bounties, and every variety of nonsense you could think of. 

I think that's about all anyone can do aside from not investing in or promoting these projects.  Unfortunately bounty hunters are desperate to earn money and investors love to gamble on what they think might be the next bitcoin.  This won't stop until people start realizing how bad the situation is.

Most new ICO projects don’t hit their soft cap again because of the investors that are so scared of releasing their money to them now after scammer has scared them all away. Before any good project can be able to meet up with their soft cap again now would be when we have regulations in the crypto space, so that it will guide against all these scammers and will bring back the glory of ICO again.

Project cannot fully build on softcap because it would not get them to anywhere, and I think any project that is only able to raise softcap should not risk continuing on the project again, but just refund the money of the investors as the project will definitely fail as a result of lack of money that is enough to carry on the project to a standard.

The challenge is in that but the responsibility is always to people who are not paying a close attention to the project they are joining in. Project who will be found and proven guilty with a said case are being punished accordingly. Besides it is not a single project out there who do the same thing, they are way too many to be handle at the same time. And it is not always about what should be serve, it is sometimes about the people who is looking for the project that must act and do their own research to avoid getting scammed.

You need to understand that hype and the desire for quick profit has created a whole niche for scammers, we would not get away from this. There were a lot of projects and the forum was not really possible to track everyone and everyone. We all participated in the revelations of swindlers but only they were often ahead of us. It took time to understand who the scammer is and who is not but in 2017 it was difficult to talk about it.

This is an open platform of which projects will be posted at all times and there might be away bitcointalk can prevent people form posting  on the platform, but there are knowledgeable experts on this platform who are knowledgeable in the authenticity of the project and can tell the difference between a real project and scam project then warrn people accordingly to stay away from su h projects.  That's the viable way to reduce scam projects from geijg

that true sir, I just found a project today and it has no team members do you think this is legit for bounty hunter to participate and possibly invest on the project??

please find the reference link: https://bitcointalk.org/index.php?topic=5201795.new#new

thanks for your feedback,
you know it's obviously said that learning never ends, so we learn everyday from the leaders in the forum they also help us track down some projects just as you have said. carefulness matters a lot.

This forum is free for everyone including those scammers whether you like it or not. I know there is a way to trace those scammer but the question is what are you going to do after you caught them? not so sure if you can put them in jail because as far as I know there is no criminal case yet for scammers in crypto-space. The best thing to do for now is report them on this forum and see if they are connected in different projects.

No one in this forum help the users to learn something because there are plenty of strategy already there in the market to learn as well as earn cryptocurrency but no one here to you say those steps to newbies.
Especially in the cryptocurrency field personal exploration is playing major role then and other things.

This forum is a great source of learning and I also don't hold the same opinion as you regarding help. Members of this forum have always responded to all sort of questions to best of their knowledge and capabilities. You can ask any sort of question that confuses you, and will get a good answer. This is also not possible to give a whole lecture here but some good references and will be given for sure.

In my opinion, it is very important to evaluate and analyze every single solution, having a look at both the idea, the prospects, the industry and value solution brings

Good afternoon there mate. I would say that I fully agree with you here. And in my opinion, another important point is the working prototype. Are you having many advanced solutions you are following that meet your requirements in mind?

I wouldn't say that there are many, cause, again, meeting requirements is a very important aspect. So probably the most attractive platform these days I am following is Verasity (VRA token) - heard of the guys already? They are in very high demand these days

Verasity sounds very familiar. Aren't they trading on Binance DEX?

Yes, absolutely. And moreover, the are one of the most promising tokens on DEX, having incredibly high volume. By the way, have you already heard of Binance Community Listing program? The main sense there is giving community the opportunities to vote for most advanced and promising solutions to get listed on Binance. And VRAB is having very high chances right now

Hmm, haven't heard of such a program, but an interesting idea. Will check out more right now and, well, vote :) Thank you for letting me know

Verasity is just one but the number of failed attempts are way beyond.


You can see several team members were tracked and users who tracked them open scam accusation threads for users to be aware of the scam possibilities. Often times these scam busters are correct with what they found out, when they see the images actually belongs to someone else and the name isn't correct, you can already sense its a scam.

Those efforts should be appreciated. Though it is not a very difficult task to pinpoint a scam, it jus needs some common sense and clarity of mid to look through the obvious baits. Most of the times, scammer become successful due to carelessness of users. They do not take every bit of available information into account. If a lot of members pass statement against a project, then it should not be invested in.

in the crypto market anything can happen unexpectedly, be it a good project or a bad one that can change immediately. including the ico project that we predicted could be successful but could turn out otherwise. it is important for you to always be careful before investing in a project and ensure that the entire contents of the project are real or not, including the transparency of the team and the developer's background.

We should expect the worst that can happen, not all the projects that we join and participated can last till the end or they succeed. Many of them turn to be scam because of the lack of support of the developer some of them succeed but in the end turned to be shit coin due to the unstable market prices, and they choose some shit exchanges with low number of traders . We need to be prepared on what wi gonna happen.

It happens for a reason and this obvious reason is not changing for years due to human psychology. The shitcoins have lost a lot of investors after the end of bull market and now the chance of recovery is low because of the long bear market. No need to prepare ourselves, just educating every single investor will be enough for preventing the scam projects.

If a fake project team builds it's social media platform, if those who participated in whatever was organized by such project team, still have their contacts or profile links with them, they can easily be identified in future and their future scheme can easily be foiled. Which more as their future ambitions must not succeed again.

Yes they are https://www.binance.org/en/trade/VRAB-B56_BNB
But i don't agree if they are getting big demand these days. You can take a look at the monthly chart of verasity itself and there was a lot of downtrend on its daily trade volume from day by day.
VRA is not an attractive platform anymore because VERA is lack of demand. People are taking financial sector as the main field to invest and trade.
Very will not be so long here.

it is because most of project team did not achieve there desired vision. team is not as much professional. sometimes project can't achieve hardcap. some of them stolen investors fund and run out. but the main factor is idea behind the project is not attantable.

with the caution of investors to choose the project, I think it will turn off the scam project by itself. I think investors should learn from previous mistakes, so for now more investors choose IEO, which is considered safer from project fraud cases

sorry mr, I m talking about another platform here.. I talking on how to trash out this problems that has been bugging on the forum here, so please share to what is related this community.

sorry mr, I want to say something that will shocked you, don't know you that most of the IEO are typical scam too??
okay lets say this, if they run their IEO in any of this newly trading platform and people went into to invest or put resources into it; don't know that once they have gotten what they want they can possibly runaway?? and leave the rest for the hunters that to suffer it.
the only way is that if they run IEO in trusted trading or larger platform like Binance or OkeX those would never happened...

I have to rest my case here

I would say it up to everyone using this forum to DYOR and o ly support projects you feel are legit and have potential

before talking of hardcap don't you know we have softcap??
so they have to get to their softcap before talking of hardcap, you know to me what I just found out is that for a project to succeed is all depends on the factors they are into, I mean the economic benefit it will give to the world. secondly, what problem is it solving to our entity and regions.

do you think Doing Your Own Research will Solve the problem of being not scammed ??
the answer is probably NO sir. because you may ends up doing it and at last being duped or scammed.

thank you sir, that is what we have to do right away

True, if the idea or concept that the team wants to build is not reached, it will have an effect on project failure, it is certainly very common if it occurs, but the most common is the fraud committed by the team so that their project also fails to be developed.

From 2010 to 2015 it s just was first step of the whole new industry, which is not existed before, and all who start a project honestly believe in this project and don t mean to scam people.

Now, when crypto is grow and became much mature, it s clear that 98% of all crypto projects is just don t needed. It s stay only 2% big projects, which is really needed for the world (btc, eth and so on).

Hello. What you say makes sense, I really like this. Projects in the cryptocurrency market are not easy to succeed. Old and new projects can flourish in a few days but long-term success is difficult.

Thanks for the things you have shared. Your article will have lots of views. In my opinion, running a free and fair project in the system is almost impossible because it is easy to be deceptive and does not bring many benefits.

a concept will always be the initial view for some investors, a good and useful concept will always target investors. coupled with the current situation, a good project concept will become the target of investors

In short, there were projects that set out goals or roadmaps which arent that  realistic or that can be achieved and with that alone, investors would really have those views that this project isnt really that serious.

One of the factors why they dont succeed and come to think that most scam projects would really have these kind of too good to be true roadmaps which you can already tell that youre dealing with a fraud but
there were legit ones that do ask out such support but they havent done enough on convincing potential investor.

Roadmaps are easily done. It is still sometimes up to the team whether they're gonna really follow the roadmap they made. I am pretty sure that change of plans is quite common like they can't guarantee that they can get the hardcap. I rarely see those project reaching the hardcap, especially that there are fear emerging to some investors already.

It's easy to show off. Some projects produce a very strong road map. You think they're going into space. Then they can't even agree with an Exchange. I'm trying to take my own precaution. That's what I do. I turn to projects that are transparent. Projects that clearly explain everything. Constantly updated projects in Github. Projects that run the chain to which they belong. The most important thing is that they openly declare the money they have collected in the IEO or ICO and prove it.

I have a friend who created his own token by his some friends without any roadmap or website during 2017. But they had good plan, bad luck they failed. To promote scam project this forum has rules to banned account or negative trust or red flags. I think there is no way to run free from scammer.

I think this is the main interest of all cryptocurrency especially those who are seeking funds.  The stated platform have lots of possible investors so it is a basic step to target these platform's users.  It is that it is more exploited by scam projects.


Admin only have the IP of the members, so I do not think there is other way than that.  And as for the project, it is on the discretion of the creator.  He can be fair or he can be a scam. 

I think the only way to track them is thru their SEC number, I dont know if most of the countries have this number for each business. In this way you may check it in their local registry and ask if the project you want to join is real. But it could be a hassle thing, those people behind it can be track too.

It was possible in the old days but now the scammers use very clever methods for cleaning the traces of fake companies. The virtual office suppliers don't share the information of the vendor with third parties and unless you have inside information, it is not possible to prove something. The advantages of online business opportunities are used in the wrong way by scam projects.

You are right. Most scams are just fake volume. They nothing more than a website and some social media. They just want high numbers. If you see some bounties attract so many bot users or users that will never speak in the telegram chat, there are 10k+ people in such a short time. Sometimes the twitter accounts get blocked because the growth happens so quickly.

There is absolutely no way to overcome this problem, especially in this forum, anyone here does not guarantee your safety in project investment / crypto, only you can determine your destiny here. therefore before you do many things in the crypto space, know in advance about the risks and any consequences that exist.

Not only fake volume other also faked thier sale so once its listed in exchange they will dump it traders.
In telegram they can easily add member using mass adding if there are many members it doesnt mean it is legit most of them is just paid by the owner.

Most times, fake projects usually display red flags that are obvious for anyone to see but the fact is that some bounty hunters are not even qualified to bear that name because they do not even have the slightest idea when research means, so even with the glaring indicators of a scam project, you see them trooping in to promote them and when the expected happens, they start blaming scam projects for making them waste their time.

As bounty hunters, we have our own role to play, as investors, we have our own role to play too and we shouldn't always expect the scam busters to do all the work for us, we should also try our best to do our own personal due diligence on every project we plan to promote to avoid tears.

In fact, there are many new projects that ultimately fail because of not achieving softcap. I personally think this is a normal thing to happen where many scam projects then make investors afraid to start investing in new projects and would prefer to play it safe by watching or waiting for the right moment to start investing.

The truth here is, most of the projects that are popping in the market are just useless and all they have is hype. They don't have the commitment for long term progress of their project and they are in the market for the cash. I would suggest to stay away from trusting the new projects and stick to the solid existing projects that we have and invest in them for long term.

We should find a projects where their roadmap is feasible and it is realistic. There are roadmaps that are not realistic that can really identify as a scam project. All of projects have road map, we are the one who can identify if the project can achieve its road map or not. There are roadmaps that are really fishy and we can easily identify it if it is legit or not.

True, no one guarantees our safety here, except ourselves, and it is highly recommended that everyone conduct various studies on the crypto project before participating or promoting it.

when we research projects that we follow we should be ready with all the risks of losing it. There is no guarantee except ourselves, and for this reason, we should not blame other people or circumstances for our investments.

Most project do not succeed due to scam many projects caus d investors, as we can see market is down, some exchanges folded, investors lost huge some are running out of liquidity, no trust in the market and only regulation to eliminate fake projects will solve this issue.

If the rules for eliminating fake projects seem to have existed, just how far can we all block the birth of fake projects, because if everyone can block the birth of fake projects, then in the future there will not be many more people who are deceived by scammers.

Can SEC really be able to track down all those possible scam projects? Why there were projects that are able to scam and ran aways with money from investors without being caught. That is why I think they are brave enough to scam cause they know they can not be caught easily due to fact that they fakes their informations given in their project proposals.

But not all because I experience in the year 2017 where almost a lot of projects do succeed and for now it was impossible to happen because there are a lot of high person who create something different to have an easy money from the investor until it spread. So now, there are a lot of investor who scared to invest that's why there's a lot of campaign that are not going successful.

the time will come and the market, as well as this forum itself, will be cleaned from scammers. I think that in a few years there will be 80 percent fewer scammers and only very strong hackers will remain whom will be impossible to find and who will always exist, just as they exist in traditional markets. there is nothing that we can do right now. just be careful before invest

The community of bitcointalk itself is very observant in determining the legitimacy of the project. Every small detail that seems to be bogus is posted as early as possible. The ANN thread is full of them. But even the legitimacy of the project does not guarantee the success. The project can still fail due to other factors just like market conditions and dev team management.

If there is a way to track down easily those potential scam projects then no more complaints will be seen here. I know some developing some software in order to do this investigation but still a vivid inspection is needed cause these scammers nowadays are very smart and sometime got more knowledge than experience developers.

Anything can happen and for new projects now it can be said that there are many new projects that are difficult to develop the projects they bring, maybe because of the difficulty of attracting investors to invest in the project which then makes the project unable to run due to lack of funds to run the project and for projects that have received funding also do not mean that the project will be successful and can provide benefits because as you many tokens the prices we get from new projects end up with no value.

Typically scam projects boost their social media pages via promotions to attract more victims to buy in their tokens. The major reason why we see most projects fail is because the major aim of most team members is to make money and nothing else. Talking about Bitcointalk curbing scam projects, it's up to the members to be careful and also report such projects with relevant prove under scam accusations. It's not relevant for this forum to implement compulsory KYC as proposed, unless for new projects putting up an ANN thread per say in my own opinion. We just have to use common sense when dealing with these projects.

yes, and what is referred to as the main factor of failure is due to the altcoin dump market which causes most projects to then discontinue their projects for fear of falling exchange rates.

Many factors why make many projects not success because owner never serious for promoting their site and investor do not know about their investment project, developer have give higher reward allocation for every one promote their coin like for bounty campaign participants and give higher reward about 5% to 7% allocation reward for their participants.

I think many projects don't even end up developing their product, and tarry until no one waits for them

So many projects don't succeed,
Only investors can truly count the losses

But always dyor either a project is vetted on the platform or not

   We need to use common sense all the time! As you say Bananington, scam projects boost their pages via promotions, those
promotions are full with huge promises, sometimes I can't believe that people fall on that. It's up to us to think it trough, to
do some kind of research, to check real possibilities of the project, not just to believe in what someone wrote.
   I don't think that someone or something can end scam projects. Many of us can't do a proper research, we don't have
technical knowledge, and some scams are very well camouflaged.

Where problem is doubt, how can we identify real project. Tagz is a exchange but by volume in top but still has doubt. We need clear information about scam project. After scam accusation so many scam project still exists in cryptocurrency. Very critical to find when this coin already listed in some exchange.

Maybe have been destiny many failed project not only ICO investment but also IEO could be scam with lower price after listing, maybe we must move from both investing way between ICO and IEO and have try other investing at the next time, I will waiting for which one kind of investment on 2020 after faced with many scam project on this year.

Its your own decision to be made, if you think the project is scammy then forget and move to the next project, as easy as that. However, if you already started in promoting that project then suddenly you saw some red flags along the way, leave it then move on to the next project. Its not very hard to track down this shady projects we just have to do some efforts on making our own research.

That's right, there were a lot of fraudulent projects but there were also many amateur projects that simply could not do the job or simply looked far into the future. There are many more slag projects where a token and blockchain are completely unnecessary.

The most crypto project that doesn't have certainty and working product will simply won't go far but it kills their life shortly. This is common nowadays and people will think this is a scam. Yes, they are far from what the people must expecting for and most of us here have such bad experience learning that investing these kinds of projects is getting closer to put ends of our funds.

You are right project are some scamming that we will have to avoid from investing as they show wrong and take advantage so I think forum or working system should keep their eyes open and not to trust without making proper research. Project succeed only with investors and investors support only real websites and Projects.

You could say scammers will always be there with their tricks that can make others believe and participate in the projects they bring to be able to benefit for them personally. Indeed, for the moment I also think that there is no way that can be done to eliminate a scammer because scammers always have their own way to find a gap that they can enter. Maybe now it all depends on each of us, in choosing a project before making a decision, not in a hurry and easily believe the words of others.

Projects must be real in order to be successful. There's a lot of fake business on the market. They're using bitcoin for another benefit. They are looking for members for Twitter or Facebook pages. Bounty campaigns should be free of these frauds.

That is how crypto is. Doesn't matter how much time and effort you put into your project there's a good chance that the project will not succeed. This is because the only real space where crypto is useful at the moment is transferring the wealth between two parties without any third party risk. And it is doing it great, we do not need anything else in this space.

I don't think they can track and trace a scam project. The answer for this is we don't need to depend into btt for us to keep safe. Because to feel secure from a scam project, we need to be wiser amd aware from a project that we might  think that can benefit us. Because any project sell their info as much as good one. So it will really depend to us the way how we handle a researxh about a real amd good project that may benefit oir investment. So here I can give one name of a good alts the Aci coin to add to your portfolios.

Many real projects were created but they did not increase their success from this. All this for the reason that many crypto newcomers believed in themselves and began to create their own companies. There is nothing wrong with that but now there is experience.

many new platforms don't work when they don't make good updates and are accepted by the market. they began to be abandoned by the community and investors and no longer had the funds to develop the project. when all that has been suffered by a platform then just waiting for them to die if the developer does not think of better updates and innovations.

With regards to your questions, Bitcointalk forum can keep on track and be aware for existing scam projects if the members of the forum like us will be reporting such malicious projects on which we suspect to be operating just to scam people all throughout this forum. It will be hard for the moderators to keep on track with all the projects being posted in this forum because scam projects are most likely promising and really looks like legible to the eyes which makes it hard to identify. Due to lots of existing projects being posted every now and then, it will be hard to keep on track with it because moderators are still people who works on a limited time frame so if we do want to create a safe work space for the sake of all of us not to get scammed, we must work all together to raise awareness about such projects that are suspected and proven scam to let other members know to avoid such projects so that we can lessen or totally have no victims. We can achieve such work space that is safe from scams once we all work together to prevent such projects to keep running into this forum.

Scam projects are everywhere and there is a kind of project that they are not intentionally scamming investors and participants, sadly, they may be experienced some difficulties that are why are failed to continue the project. There are projects that are intentionally scamming other people by giving some promising words and fruitful outcomes that may happen if they support that particular project. That is why we should be informative in every situation especially the information about the project you want to invest in. Have some background checks so that you can know if that particular project is trusted and can lend your money without any fear. You can actually the project if that is legit when you read its whitepaper wherein almost all of the information is stated there, you can also check their websites so that you can know who are the developers and also you can check the roadmap of the particular project of what are their plan on the upcoming months or years.

It is absolutely true that most of the projects with crypto fail, but ... we forget a detail that can be disturbing but that must be taken into account: most of the projects in any field fail !!!!!
Almost all the books remain unknown, as do the songs, the films, the companies, the ideas ...
Then, occasionally, someone explodes.
And in crypto the same happens.
That's all

Many projects will soon to failed as well, because of the high competitional rate , and like now bitcoin price may fluctuate again, we cannot determine so the chances that when they their fund it could be bad for them because the amount  they have been raised could be lessen because of the conversion factor. Also, many projects are not focuses on their main goal, they are just to focused on the amount of money that they gonna make.

Most of the time when post on a project are made in the forum member try to verify the project so i think is best to watch that out and also take note of the members reputation it helps to check all those things and make your research before investing in such projects

Do you know how easy it is to create a new project? it  doesn't cost much to build ICO website and tokens this days that is why we keep seeing new projects and 99% of them are just created to raise some money

Most projects aren't succeeding this days because lack of investors are strongly presence and i don't blame investors as well, some developers are nothing but scammers who don't have any good plan for their project but the money they raised only

Yes and no. Of course if the member is a newbie, ignore them 100%. But even if the member has a good reputation (as in a lot of merit or trust) just check out their old posts too. I have seen very reputable and trusted members take part in a scam, and then turn to be very mean towards investors when it did not work out. I believe some people were even stripped of their reputation when they turned. Greed turns people you know.

most projects are unsuccessful because they cannot attract investor and community trust, that is the weakness of the project in 2018-2019, even though the project has the potential for success, if they cannot provide the best for the community and investors of course the project will fail

There are number of reasons why most crypto projects don't succeed.

First take a look at Bitcoin the mother of all cryptocurrency. This has been more than 11 years bitcoin being exchanged or mined in the market. Price of Bitcoin dictates price of other cryptocurrencies. They are closely related currencies. But market conditions are changing or fluctuating every day. Fear and uncertainty exit among crypto community. People are investing in crypto market hoping to bring high return after successful completion of token sale. But reality is that many of the startup projects turn out to be a SCAM. Identifying scam project is as difficult as finding a needle in the pile of straw. Anyone can be a victim of scam project. Cryptocurrency marketers will lose trust on social media or blogs. Only the owner of social media account will know how painful to lose their account with high number of followers. This is hard for translator who work whole day for translating whitepaper, announcement etc.
To stay safe I believe that every freelancer should read the project well and promote the project after doing research. Search project with huge awareness, engagements on social media, strong team, duration of campaign, and distribution of tokens, and listing on top exchanges.

What you should not promote?
Projects with weak team, low number of followers, very high duration of campaign, no specific date for campaign listing, exchange or distribution.
You can be a victim of scam even it was listed on exchange. But how? Sometimes project pays token on ethereum platform. But after sometimes they swap/list tokens on other wallet platform like github etc cheating all members.

It's the specific issue, people don't analyze how greediness affects their way of thinking when it comes to earning money. What can we expect? people will surely grab an opportunity that seems beneficial and profitable without even realizing that it's an approach by a scammer to deceive and exploit their funds and assets. Aside from that most of them never learn until they have experienced it, regardless of the amount you educate them because they decide to close their minds for new learning and it is the reason why they wind up doing the same mistake and situation. Also, investors these days disregards the ability of research on finding a worthy project, why? because they think that it's laborious and it's not worth of effort but they don't realize that it will help them determine which project will help them earn profit.

scammers who hold ICOs or sell their tokens only aim to multiply their wealth, the way to prevent it is of course having to ask the bounty hunters to be worthy or not.

at present there are very many scam projects that have been launched with various objectives of fraud. there are those who are looking for profits from investors and there are also those who are looking for followers on various social media like YouTube, facebook, twitter, linkeddin, etc. so in my opinion dealing with this requires moderators of this forum who carry out strict verification to be able to post on the bitcointalk forum, so there are no more projects aimed at wanting to deceive bounty hunters

Well, I partially agree on that. It is really in need that a project is real to be successful but nowadays even those real and legible projects seems to still fail because people do not momentarily recognizes or notices them due to the fact that there are lots of existing projects in this forum which it may be hard for people to look at each one by one. Due to this reasoning still even those real projects can still do fail and do not achieve success. On the other hand, scam projects which is not real and a scam do somehow become successful in a sense that they are achieving their goal which is to scam people. Well, in this industry we are all currently into, it is now hard to identify which project will do succeed and which is not due to some contributing factors that may affect what will be the outcome of that certain project.

You are right, scammers are so good at using every opportunity to look for victims. Well, this forum is good enough to check whether the project you are going to join is a scam or not, I have used this strategy since I first joined here, I always check the Scam Accusations scam forum, some trusted and highly dedicated members in this forum by creating threads which contain suspicion of suspicious projects, with the facts found.