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Title: If you come across any of these points you have every right to be suspicious Post by: Rowenta on July 03, 2020, 03:41:58 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects
1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Title: Re: If you come across any of these points you have every right to be suspicious Post by: tsaroz on July 03, 2020, 03:47:13 PM Also look for documentation. The projects using the same text on website as whitepaper and announcement threads are 99% scams. And try to find if the text they cooked is plagiarized or not. Plagiarism is the first sign that the project owner are thief.
Another thing to watch over is tokenomics, specially how do they plan to reward their investors. Sometimes there's nothing to provide the coin with value while sometimes the promises are too good to be true, avoid both. Title: Re: If you come across any of these points you have every right to be suspicious Post by: Ceyflix-Rez on July 03, 2020, 04:20:58 PM Good one OP, plagiarism should be on the list too, it's very common nowadays among new projects and also repetitive projects that have nothing new to show to the world but good lists though
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Sourhearrt on July 09, 2020, 07:14:32 PM Lol I like your second point OP, this happened with kingcasino scam project, you can easily see that the team aren't real because the pictures on the websites looks blurry somehow like it was copied and pasted, also no single video of the team were shared
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Coyster on July 09, 2020, 07:50:02 PM 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook It means they are impersonating photographs of others, prolly popular figures, and they have limited access to pictures since it's not theirs. Fake project devs do this so anyone curious who researches about the project will wrongly think they are real and that the team behind the project exists. 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Projects that use pump and dump scheme to deceive investors use these exchanges, it's their go to exchange to manipulate the price and volume (even when there is no volume) of their token; and since the exchanges are crap, they dump them there as well. Title: Re: If you come across any of these points you have every right to be suspicious Post by: Maxstl007 on July 09, 2020, 07:56:22 PM It's a bad sign when new projects use exchanges or plan to use exchanges like p2pb2b, it's probably possible that the project is a complete scam Project or they have no knowledge about which or what exchange is better which rarely happens
Title: Re: If you come across any of these points you have every right to be suspicious Post by: kindbtc on July 09, 2020, 09:07:01 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects These things easily indicate that one can atleast avoid crappy or obvious scammy projects but it definitely needs open eyes some analyses and decision to say no to even luring projects. It is sad to see that people still fall for low quality projects when they can easily wait and find a quality project.1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Title: Re: If you come across any of these points you have every right to be suspicious Post by: doctor877 on July 09, 2020, 09:09:34 PM Anyone that can take all these into consideration will easily sieve out any scammy like project. And also checking of documents will also help in doing this.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: cytpoway121 on July 09, 2020, 09:30:55 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects 1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? You have stated very good points;but still it is a complicated scenario; there are projects who are not anonymous and slowly delayed and died down the project in a suspicious way leaving investors and hodlers with nothing. Any project linked with p2pb2p2 should be totally ignored; any project linked with vindax or latoken should be totally ignored too. Title: Re: If you come across any of these points you have every right to be suspicious Post by: bisdak40 on July 09, 2020, 09:32:47 PM Anyone that can take all these into consideration will easily sieve out any scammy like project. And also checking of documents will also help in doing this. I hope that every newbies here can read the OP but i doubt they will understand that given that they are still new to cryptospace and all they follow are the sweet-talking of these so-called project developers. OP's right, how come the team can't provide a neat picture that represent themselves to show soon-to-be investors that their project is legit. Title: Re: If you come across any of these points you have every right to be suspicious Post by: bttmember on July 09, 2020, 09:41:26 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects Low quality web interface, beginner level website layout and poor color schemes are a red flag for me. I try to skip projects that do not attract me at the first impression it just tells me how serious the project and team is about the venture.1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Title: Re: If you come across any of these points you have every right to be suspicious Post by: posi on July 09, 2020, 10:09:42 PM Anyone that can take all these into consideration will easily sieve out any scammy like project. And also checking of documents will also help in doing this. I hope that every newbies here can read the OP but i doubt they will understand that given that they are still new to cryptospace and all they follow are the sweet-talking of these so-called project developers. OP's right, how come the team can't provide a neat picture that represent themselves to show soon-to-be investors that their project is legit. Title: Re: If you come across any of these points you have every right to be suspicious Post by: tycsols on July 09, 2020, 11:03:32 PM Personally i hate when team of a project or their representatives do not take their own commitments seriously or keep changing their statements the worst thing is if we have already invested in such a project seeing these things is very discouraging and usually for me it puts a negative impression about the project and i try to exit from such project.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Kasabus on July 09, 2020, 11:58:30 PM Personally i hate when team of a project or their representatives do not take their own commitments seriously or keep changing their statements the worst thing is if we have already invested in such a project seeing these things is very discouraging and usually for me it puts a negative impression about the project and i try to exit from such project. Scam projects usually make good promises at the start that are only too good to be true and their statement keeps changing particularly when the campaign is almost over. To avod this scam projects, be more suspicious and even cautious by checking carefully the background of the team behind the project if they are not using other names for legitimacy. Second is through their whitepaper. Check thoroughly if its not copied from those previous successful projects which are already known to the bount hunters. Title: Re: If you come across any of these points you have every right to be suspicious Post by: aemma on July 09, 2020, 11:58:54 PM All these points are true and sadly these projects will always tend to continue with their scamming activities because it seems there are people who invest in whatever they see because if that's not the case I think exchanges like P2PB2B would have gone down. Another point I want to add is that, the team will always avoid technical questions which will likely expose their lack of knowledge of the project they are building. Furthermore, just like you indicated, they type of exchange these projects host their IEO is also a good way of knowing how serious the team are because no good team will build a project and allow an exchange ruin it for them.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: maxreish on July 10, 2020, 12:26:42 AM In short, "FAKE TEAMS".
Project teams with low quality website is not only one of the ways to spot of the project is shady or not but also the team itself. Most are fakes, using someone else's pictures or names. Also, one thing is to know if the project has a useful product/objective or just promising impossible goal? Also, you can also spot suspicious projects just by joining their telegram group. Feasible developments is important, if one failed to show this and keep promising impossible events, it's one of the reason to be suspicious. Title: Re: If you come across any of these points you have every right to be suspicious Post by: Novatech8 on July 14, 2020, 08:36:36 AM I always have something against low quality pictures of team members and lack of videos of the team, if you come across a well founded projects everything about information will be clean as crystal, when there isn't anything shady about a project you will know unless you want to believe
Title: Re: If you come across any of these points you have every right to be suspicious Post by: mezzaluna on July 14, 2020, 09:39:33 AM Those are exactly the points that we need to research for when we are stumbling around new projects. We exactly need to do some research because IF they are legitimate, then the project would appear anywhere online. If the managers or creators of the project are real, they wont be scared to be publicly known because it is their creation and it would be great advertising if they can personally tell the people about the project they created.
Another point is to stay knowledgeable on how would you think that platform would work once it starts operating. Title: Re: If you come across any of these points you have every right to be suspicious Post by: Gorosden on July 14, 2020, 09:53:14 AM When new projects aren't properly built and you start seeing some awkward things like low quality pictures then something is way off, it's easy to detect scam projects with what OP listed on here honestly, same kinda thing that happened with kingcasino this year, a clearly scam project that still manages to run away with people's money
Title: Re: If you come across any of these points you have every right to be suspicious Post by: tvplus006 on July 14, 2020, 10:25:21 AM Very often, scammers do not publish photos of their team at all, explaining this by privacy and the fact that no one knows exactly who is the Creator of bitcoin. And often, such projects do not have a whitepaper. In addition, if you check the domain, we will see that it was registered just before the scam was launched.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Kemarit on July 14, 2020, 10:55:22 AM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects 1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com Right, this is a sign that the people behind rush everything and it's a red flag that they are in a hurry to just put their website. 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? Maybe it's their way to hide their true identify, or even doing some poorly manage photoshopped. 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook So that they will look legit. But if you look closely at their social media platform, it just created just a couple of days ago. 4. Team decide to stay anonymous Well their defense is that Satoshi himself did stay anonymous, but that logic is flaw. We trust them with money so we need to see their faces and their real identity. 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Maybe they don't have money in the first place, but those exchanges are scams, accused of wash and fake volume trading, not to be trusted. Title: Re: If you come across any of these points you have every right to be suspicious Post by: Genemind on July 14, 2020, 11:04:32 AM Not to mention crappy community managers or moderators. I have been part of a lot of telegram groups for other projects with a really poor admin who cannot even provide a direct answer to the community. There are some who are like bots when answering providing a safe answer or unclear answers when a specific question is asked. A solid team knows how to address questions such as conducting an AMA or posting frequently asked questions to address newcomers or questions regarding the project.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Bezobraznike on July 14, 2020, 12:12:55 PM I agree with OP here, some of these points should raise a red flag! And when you see a red flag you need to stop what you
are doing and try research more about the service. Come here and ask people what they know about it, check other forums and if you don't clear your doubts abandon that service, or project and warn others about your findings. We need to work together on this and warn others if we notice something. It's how community stay updated, and scammers has less chances to scam people. Title: Re: If you come across any of these points you have every right to be suspicious Post by: lienfaye on July 14, 2020, 12:23:43 PM Staying anonymous doesn't mean scam to say the truth but since scammers are doing everything in their power to achieve their aims I don't go against this point 100%, I believe that Bitcoin stays out of trouble today because Satoshi Nakamoto is unknown till date But most likely its a scam if the team are not transparent to their identity. Its important for investors to know their background and past projects (much better if it succeed), thats one of a good point to know the legitimacy of the project. Nevertheless what op said were all true so keep this in mind to have an idea what to avoid.Title: Re: If you come across any of these points you have every right to be suspicious Post by: Phoenix_PROG on July 14, 2020, 12:25:25 PM It's very popular this days seeing new projects using p2pb2b exchange and other crap exchanges like Exmarket, latoken, Probit exchange to raise funds and they actually know what the outcome will be. It's best to just ignore any project that use any of these exchanges
Title: Re: If you come across any of these points you have every right to be suspicious Post by: dataispower on July 14, 2020, 12:35:38 PM In as much website design or team putting high definition pictures on website is never a yardstick to tell if a project is legit, it can be used to ascertain if the team is serious or not. I agree with OP that cheap website design is already a red flag, anything worth doing is worth doing well. However if one's basis for research relies on website design and team pictures to decide whether to invest or not in a project, that person will be a prey to most scammers because scammers are aware of this and have updated their game. Only amateur scammers will do poor website for a project.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: IvugeoEvolutionCoin on July 14, 2020, 12:47:36 PM Bad website design shows the project is not worth it, if the developers can't at least launch a fairly good website, meaning there is no hope for product. I don't even go close to new projects doing IEO on shitty exchanges, not to talk of investing. I've had a sad omen with crappie exchanges, hence I stick with IEOs done only on reputable exchanges. I do like all points by OP.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: PerfectCircle on July 14, 2020, 12:59:26 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects I don't see anything wrong with your third point, team can use same picture they use on social media and project website, it's possible that the picture is the best on their list, if you want to see other pictures of the team then find their Facebook account profile, things will only look red trust if no other pictures are available except the only one on their website1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Title: Re: If you come across any of these points you have every right to be suspicious Post by: fuer44 on July 14, 2020, 01:29:45 PM yes, this is often found now. very different from the bounty 2-5 years ago, where the team will surely slash their coins into etherdelta or forkdelta, where the two exchangers are indeed often used as a place for new tokens. now it is the new exchange that has no liquidity and also impacts on tokens which ultimately does not have a good exchange rate. as you explained also, that the identity of the team must also be transparent and they must also be active to provide the latest information about the bounties in the groups they have specified.
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Synerggy on July 14, 2020, 04:27:02 PM Thanks for the advice OP, sometimes it's very easy to detect scam projects but can be very tricky too, I will like to add searching the pictures using any image search engine which can give up stolen images, it works some time too
Title: Re: If you come across any of these points you have every right to be suspicious Post by: Iyanu14 on July 14, 2020, 06:34:32 PM Most especially for newbies, be curious and suspicious when you come across these in crypto space projects 1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com 2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves? 3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook 4. Team decide to stay anonymous 5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges?? Very good points made. There are many salient red flags one needs to just observe very well before taking any move. I have always been so careful of believing it when projects said tokens sold out especially on bad exchanges you pointed out. I have always taken any project planning to list on Vindax exchange to be scam. Title: Re: If you come across any of these points you have every right to be suspicious Post by: ife2020 on July 14, 2020, 11:28:52 PM Neutrally, you should always be suspicious of any projects, wary but not fearful, learn to do your research right always.
lately there is a surge in number of defi projects in the space, be sure to do your own research and be on top in your findings, do your research adequately without bias |