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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Bubu9844 on September 08, 2020, 05:05:28 PM



Title: !!?!How Newbies Spot Genuine Project !!?! Let's talk about
Post by: Bubu9844 on September 08, 2020, 05:05:28 PM
We are always watching many fake and scam project is here how newbies who never knows about Crypto market

How they can verify it's really scam or genuine.

Here's my some opinions about this topic you guys correct me if I miss something or wrong something.

1. Our first things to do is check the website very carefully,
Check valid team information , check legit white paper , Road map is this things are mentioned or not .
                                        ----:----
2. Check their website is on of ico reviews websites,
I always check every projects on ICObench and ICOmarks website.
                                         ----:----
3. Check those projects listed on coinmarketcap any other exchanges or not.
Many fake project they declare that in few days they listed their coin/tokens but nothing happened .
                                          ----:----
4. Check their team members activity on their social media or other platforms , their CEO and team members
Activities on Telegram , twitter , facebook etc.

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Many projects they launched fake project only for growing their community , follower.

So Always do your own research and due diligence when considering your participation in any kind of projects


Title: Re: !!?!How Newbies Spot Genuine Project !!?! Let's talk about
Post by: jrrsparkles on September 08, 2020, 05:09:58 PM
Kind of agree with point 1.

2. Never check for the reviews on ICO reviews sites because they are just paid shillers.

3. Coinmarket only list the tokens after the token sale ends right?

4. Active on the social media doesn't prove their legitimacy, they are just eager to make more money but once the sale completed they won't be replying anymore.


Title: Re: !!?!How Newbies Spot Genuine Project !!?! Let's talk about
Post by: kindbtc on September 08, 2020, 05:26:08 PM
I do also check for the team owner or admins response  in telegram or other social media platforms. If the response is positive multiple times it is a plus for me but if i get rude, arrogant or negative response it gives me bad vibes and i skip the project because such people will not care about their community and investors.


Title: Re: !!?!How Newbies Spot Genuine Project !!?! Let's talk about
Post by: kingzpro on September 08, 2020, 05:34:19 PM
The first look at the website or whitepaper is usually enough for me to check and decide whether  it will be a legit and successful project or now. I do like to join clean projects only with clear use cases, roadmap, plans and competent team.


Title: Re: !!?!How Newbies Spot Genuine Project !!?! Let's talk about
Post by: cryp24x on September 08, 2020, 05:51:28 PM
I believe we don't have to check everything on the website.  Just to summarize things and make investigation easy.  We can focus mainly on the project team member.  Whitepaper, roadmap, etc is useless if the project team member is fraud.  So I would rather check the team member's background. Verify their resumes', the achievements, and affiliations.  If we don't find any or the validation turns out to be wrong, then the project is a scam.