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My friend informed me that at this time many upcoming project social account like twitter, telegram is verified.
Does that mean these projects can be trusted?
In fact many are encouraged to invest in any new project following this.
What is your opinion on this matter?

Since Elon Musk takes over Twitter, blue tick verification is amounted to nothing when it comes to legitimacy of a project. Twitter blue tick is for sale to anyone who wants it now. And that explains why new projects with as low as 2k followers now carry blue tick.
As for telegram, a project or individual has to be solid before he gets the check. But it is also for sale.

Nope, just because they've got a verified account you'll believe that they're legitimate? Nah.
It's easy to get verified especially on Twitter when it has been taken by Elon Musk, you pay the monthly and you'll get that verified badge check. That's why I don't think that even there are some projects that do have verified badge on social platforms, that won't be a matter to me if I'll be choosing one to invest. There are even legit projects that don't have those badges and yet, they're more legit than of those that has it.
If many are encouraged to invest on those projects, I don't think that's a good factor for someone who invests in projects by just having that standard.

Don't easily believe Twitter has been verified because many are misused for other types of fraud, remember that getting a blue tick on Twitter is very easy for anyone who buys it, not all projects with a blue tick Twitter are good projects, that's for sure in it's a bigger scam under the guise of building a new project but still have to do more research so you can get the right project.

About new projects that cannot be avoided because almost every time something will appear and they already have verified Twitter and Telegram or blue ticks, don't make it easy for you to try to invest in new projects let alone don't do research, stay in your own stance and assess himself about the project.

Having a verified social media account doesn't guarantee the legitimacy of the project and since we know the current situation with most of the social media platforms where everything is being monetized.

Twitter since Elon Musk take over have gone through a series of reform and a lot have changed getting a blue badge is now easier as long as the team can pay the fees,  but it doesn't mean anything in terms of project guarantee or security of investors funds.

In fact, many are encouraged to invest in any new project following this.
What is your opinion on this matter?
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Why could it matter if twitter account have a checkmark? Because they can afford to pay $8 for checkmark? It doesn't matter to me at all if someone pays for it or not, i am looking at the development rather then silly optics.
It seems so silly to fund that platform anymore, it actually used to work well for cryptos, now it's just pointless.

I am not sure what are the requirements for verified telegram channels, but it's essential point that or something we should be focusing on.
Only improtant thing in telegram is that we should always double check the real @nick anyway when we are talking to someone.

Social media verification has always counted for nothing, but it recent months it is now completely useless, and if you trust a project or a person only because the have a verification badge, then i'm afraid you are going to be scammed. The thing is, there's no way to believe in an altcoin project, their whitepaper is usually filled with fake/unrealistic promises and more often than not the project owners are basically launching the coin/token to make themselves money. Having said that, take altcoin investments as gambling, thus invest with just the money you can afford to gamble with.

there has been some cases of scamming from some projects that have verified twitter accounts, the verified sign in twitter right now is pretty much useless that I don't think it still matters this time.
even though there are saying that only legit project are having gold tick badge but honestly as long as it's bought badge i just don't think it will be any different despite the difference in pricing by twitter.
right now, i think getting to know the developers personally through discord is more meaningful than just looking at the twitter badge.
i might be wrong but its kind of clear that strong point of a new project is neither of them.

Not enough but a considerable thing compared to those projects who dont have verified accounts and some good number of followers or something like that but we know that we are on an era on which everything could

be bought so that it would really be looking that legit and something that convincing. We know that investors would really be mainly or commonly be checking out these mediums when they do make out some DYOR before they would be investing and on the time that they do saw that those accounts are verified then it would really be creating that kind of impression that this must be legit therefore i would invest but you should not.
You would really be needing other factors which needs to be checked out because as long you dont able to see or know those devs and their Roadmap and WP then you cant really make out
assurance that those promises that they had been saying would really be followed.

You can get blue tick verification easily by paying some amounts of money. How old twitter account gonna be also preventation to get it but there are lots of way that can be done by the scammers. It can't still be used as a reliable source to determine whether that was good or bad project.

It's caused by blue tick can be gotten with only payig some amounts of money.

AFAIK, it's around $7-$11 monthly and that's an easy access to that blue tick that @OP's setting as your personal standard that might put himu into trouble of losing money.

Yeah right.

Determining it through that is not gonna work out right. It's like an easy access and shortcut and not really considerably good as a way to determine such.

Because of this, Twitter's credibility has decreased drastically, where many have deviated from its original purpose, which has caused several influential people to also leave the platform since it was acquired by Elon Musk. Everyone can conclude with only the subscription badge requirement it is a big loophole of twitter being a hotbed for scammers.

Since I'm seeing more and more fake altcoin verified accounts lately (they do airdrop spamming tweets on their phishing sites), I personally find Twitter to be getting annoying.

No even your close relative could scam you so don't make those things as your reference to decide if the project is legit or not since they could easily verify their media platforms to make it look legit. Just look how they deliver their promises to their community and also how the updates going since maybe from that there's a chance that they can be a legit platform. But for now seek for multiple information about them rather than trusting them for just like that.

In the past, have verified Twitter account is difficult but latest months, with a sale business from Elon Musk, you can get such verified accounts easily by spending money.

The cost to have verified Telegram is cheaper, it's easy.

Surely no. You can not trust a new project and can not trust it because it has verified badges on social media.

Check their Github to see their development activities.

Altcoin season, scam altcoin projects will appear. Check their Githubs first (https://bitcointalk.org/index.php?topic=5225942.msg53841723#msg53841723)

What's telegram verified? And regarding Twitter verified accounts, it's now purchasable and even if it were not there would be farmers who would sell verified accounts.

Answer to the topic, It doesn't matter much, ain't no way this would help with project's legitimacy.

Think for a moment, does the fact that the social media accounts of the developers and their project are verified means something relevant to how trusted they should be? Does Twitter investigate them and see if their project is legitimate or if the credentials they claim to have are real?

If the answer is no, and I am pretty sure that is the case, then why are you and your friend giving any weight to that verification process when it means absolutely nothing?

How much is the blue tick now in Twitter? 8$ per month. That's 96$ per year only. Anybody can afford that amount.
Any scammer who can have 100$ in their pockets can just buy that blue check for a year just to show to the public that they're legit, but in reality they're con artist, and just patiently waiting for some newbies that would fall into their trap.

I just hope that a mere blue check mark isn't a sign that they're trusted therefore you will invest into them. It's just a blue check, nothing more, nothing less especially now that the chances of getting that blue check is higher now because you only need to pay.

Having blue check = projects can be trusted. If you really want to invest into new projects, many here said some tips that will help you, but for me, I'd rather invest into old, and established coins, and tokens rather than investing into new projects. Lesser stress, lesser risk, happy life. :D

A verified Twitter or telegram account alone is absolutely meaningless in my opinion because both can be aquired pretty easily. I also know a few reliable and big companies that don't have a verified Twitter account because they don't want to support the recent changes of Twitter with those payments.
In the end you always need to be willing to take a pretty big risk, if you want to invest in crypto, especially in very new projects. No research can protect you from that.

Can't guarantee with verified social media account from twitter and telegram account is the strong point for new project, right now many way for making verified twitter or telegram account by purchasing above $8 and your social media account got verified. For good project is depend on their teams advice and how experienced with the owner but having real verified social media account get added points to make some project will success at the future.

Its not only about verified social media account only but also you need check interaction there, its realistic with account social some project have been verified but their tweet on twitter less interaction without any user retweet or giving feedback.

Verified twitter, telegram or any social media accounts just show the team want to spend more money in order to looks professional and legit. I repeat, it only make the project looks legit, not actually legit.

We all know Monero is a legit decentralized and privacy oriented coin, but their twitter account isn't verified [1]. After all there's no way to prove if the coin is legit or scam, but a long existed decentralized coin is obviously legit.

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[1] https://twitter.com/monero

I think that even though a verified Twitter account signifies a higher level of trust and authenticity than an unverified account doesn't mean it has to be a strong point for a new project.  Verification only shows that the account owner is a valid person or entity, but does not provide any indication of whether they have expertise, success or credibility in a particular project area.

In order to assess whether a verified Twitter account is a strong point for a new project, it is important to look at the content and reputation of the account.  Consider followers, engagement, the type of content posted, and the degree to which the account has proven expertise or success in areas relevant to the project.

As long as the owners pay the necessary money for verification usually $8 or more, Twitter doesn't care about actually verifying if the user is legitimate or not. If it were those days verification actually means the user/project has been internally reviewed by twitter's team, It would be a bonus point when considering the project. Even then, being verified didn't automatically assert that the project is legitimate and worth investing in. At the end of the day, research is paramount but it is often overlooked.

I wouldn't trust some projects just because they have verified Twitter and Telegram accounts. It's nice to see it, and it makes the project looks more serious, but we can't really make any conclusions about the projects just by watching their Twitter pages and Telegram groups. It's all some sort of marketing, how else will they draw some interest from the masses if they don't have accounts on many sites?

Verified accounts does help in preventing some token buyers and holders from becoming victim of phishing or other scams but I'm with the others that it should play a minor role when determining the trustworthiness or legitimacy of a project. Keep in mind that even official twitter account and telegram channels can be compromised.

Never, there are no reason to trust a project just based on any verified social media account, definitely you will face big loss for following such verified crypto influencers. Right now blue badge is very easy thing if you will pay monthly 10$-20$, it has become easier after Elon Musk owning Twitter. A lot of verified accounts promoting fake/scam project, so don’t believe that.

blue tick or verified accounts are just nonsense. Especially on twitterm, blue tick accounts can be bought quite cheaply and scammers can deceive many people as if their project is a real project, when in the end it will scam and deceive many people. I've been trapped by scammers with memecoin projects that look promising even with lots of followers and blue ticks, but in the end they are just scammers.

thats true right now they hold no credibility whatsoever, everyone can buy these blue ticks, and if someone thinks scammer wouldn't go as far as having subscription in twitter then they are wrong.
these scammers are so eager in using all the method even if they gonna spent some money on it.
everyone should know that twitter account nowadays has become somewhat less credible compared with in the past so we shouldn't get too much fixated on these things anymore.
instead I think credibility of a project should be determined from other things, like what kind of partnership they have with some institutional out there and many more.

Like a brand name on a product, Twitter's blue checkmark does not ensure the product's quality. While the verified badge is a good indicator of legitimacy, it is by no means a guarantee of skill or achievement. It's analogous to the possession of a valid driver's license. It doesn't say anything about their driving skills, just that they're legally authorized to drive.

The rise of "cancel culture" and the proliferation of fake news via verified accounts have further eroded people's faith in the internet. Therefore, it is risky to rely only on this as a strength.

Careful analysis is required to determine the viability of a new Twitter-based venture. Its a lot like detective work; you have to piece together the pieces (content quality, audience engagement, quantity of followers, track record, etc.). These factors are significantly more telling of a project's potential than a simple green checkmark

Elon Musk sells blue ticks at a low price so that everyone can get blue ticks even if they have few followers. Even scammers will spend several hundred dollars for blue ticks and can benefit thousands to hundreds of dollars from the fraud they commit. Twitter is not very credible at the moment, Telegram also sells blue ticks pretty cheap too. So what do you want to believe in blue ticks, because everyone can manipulate and protect blue tick accounts even though they are scammers. Don't focus on the type of account, but on the type of projects, partnerships and roadmaps they have whether they are suitable or not.

I guess not because the new Twitter only require a valid phone number which can be bought anywhere and some money as a form of subscription to get verified. It does not require a valid ID, selfie and others like we did when we verify our other online accounts.

Anyone can now easily verify their Twitter accounts or have that blue check mark so it's not a good indication anymore that a project is trust worthy or have a potential to succeed because there's also legit projects who still fail. The best way is to still do an investigation. Check their links in their bio and study what you are seeing there. You can also search it outside to see if they are authentic.

You should take extra scepticism for anything you hear from others about cryptocurrencies in general. In this specific case, your friend is absolutely misinformed or simply ignorant regarding the matter. Merely looking new project by a sole social media proof is absurd and nonsense at best. Simply a scam motive, especially since you mentioned you are aware most people encourage this kind of behaviour.

Here is the thing, if you did not have any extensive and related background to cryptocurrency you better stay away from investing in new projects since most of them are simply scam.

Have you ever seen fake accounts verified with green check?
 Actually I think it will be easy to color with the inexperienced people about the legitimacy of everything in this space, let me cite the case of FTX, LUNA,... about the story how strong they used to be until they fell.
So don't take it too seriously in the different social media, just understand that other than that it's the place to update information from the project you go to, they don't guarantee that the project is really legit.

You have account with enough age and you have money in your hand. You can make your twitter to get blue tick easily. That's why this kind of method will never become a reliable method to determine how trusted the account is.

Think about before try to trust someone in twitter with blue tick on its name.

Can't be trusted based solely on verified social media, I see a lot of twitter accounts being sold for different purposes, many buy in bulk to commit bad behavior like spread a lot of poor quality projects.
Social media interactions can be faked as well as verification on it, I think, but the criteria for evaluating quality are still mainly about team, product development, partners, strategy , tokenmic,... when talking about a new crypto project.

I just have simple question for you; Does a verified blue-mark on their profile contributes to their project progress?
No! because verified account isn't the main that is working on the project rather is the individuals who is putting collective majors to make sure their project succeed than following blue mark as verified account. In fact if you must know those tags are very common to get and since the twitter was bought from the former CEO to Elon Musk he has jeopardized the importance of the blue mark or tags. Always learn to do your own research before investing into any project out there.

You can get a blue tick in Twitter by paying  $8 a month or you can take a monthly subscription for $84 and i do not think the number of followers does not matter, all you need is to pay the money and you get a verified account and the same goes to Telegram as you get a premium account for $4.99 a month which gives you a tag and mostly scammers are taking advantage of these feature.

This fact is not known by many people and especially those who are new to investing in crypto. We have lost a lot of money in the past so newbies need to be more aware so that they don't stray away from crypto. Actually this verified process is a new trick so that they can be easy to scam.

Nope! Earlier verification used to matter but now you can purchase verified account from Twitter and Telegram itself. So there is no trust factor involved anymore. Such verifications should not be used as the basis of your investment into a new project.

Even you can have a verified Twitter account. So go ahead and get yourself one. But that won't increase the trust you carry.

When it is comes to cryptocurrency the blue ticks on the social media platforms can make a project alook legit and help attracts more investors .It also helps give relevance especially if the project is new to the markets, Don't know for the other sectors but it does hold a Point in cryptocurrency.

Being verified is not enough especially today where blue check mark can easily be bought and there are accounts on some social media that are being sold just like what happened on the time where still on the possession of Jack dorsey. Being verified doesn't really contribute on legitimacy in my own perspective. Projects are using this hole in the system by gathering the trust of the community which are commonly newbies. For me it's always the project team and it's project goal matters most.

Meh, I'll pass on your friends advise. Twitter might be okay, but I would still take precaution even if the page had a Blue Tick or even a Yellow Tick in their names as they could still be deceptive and just a subject for removal of blue tick in case they indeed were deceptive. It's also subscription based so.... yeah.

People can still buy an account in Twitter and not sure if it works the same as Facebook, but I recall a lot of gaming pages I followed back then that just turned into dead and sold pages.

Not all the time, it's subscription-based now although there are still conditions needed to be met just to be able to buy that blue tick.

It might give you peace of mind but mate I highly doubt its any guarantee that their project is authentic and in crypto even authentic projects gets crippled or dumped so my advice is follow their community read and watch whats going on And then decide how you react Whether is good or bad or is something you hate or like Make that decision yourself

I doubt it even gives peace of mind considering the fact that even scammers could easily buys such blue tick badge by doing some subscription towards twitter.
it doesn't mean anything any more. and with the fact that twitter keeps making more and more of it users subscribe just gonna means the badge gonna become more useless.
I personally would never consider the blue or gold badge as anything meaningful since it has lost its purpose long time ago when elon take over twitter.
but I guess it still somehow give that illusion of boost in credibility for some people out there.

If you take blue tick verification as solid point for any project that can be gained with few bucks a month then you are going on wrong path.In earlier days when it was given to some sustainable account it could be point but that doesn't guarantee any returns and team background.There have been some projects that were rug even after providing so many offers and verifications but it turned out all to be scam so if you are on blue tick only then it's total waste of time.

If this is the criterion to determine the quality of a good project then I think it is completely wrong, if I am not mistaken, APTOS also announced that they were hacked on twitter, although this problem is not a bit. In regards to our discussion, but I think social media is just a place of interaction between projects and communities.
If from the beginning, some projects only abuse the media to spread the word about the project, it is also easy to see, they only know how to talk about interactive information without specifying the quality of the product, the ambiguity that the developer himself creates skepticism for users. I also know how easy it is to verify on social media nowadays, maybe just a small fee to deal with, and it really can't be a reason for us to judge the quality of a project. Is that really believable?

I'm totally against investing following this guideline. Verified accounts are easily acquired on Twitter by paying Elon Musk's subscription. Now anyone on the platform can be a verified personality, since they have money to pay for it. Due to the mentality of your friend, scammers don't think twice before purchasing a subscription for themselves, as they know many other potential investors (especially newbies) will think just like your friend and fall for the scam scheme.

You have to feel encouraged to invest on a project based on the principles and concepts, reputation of the involved developers and real usecases of that coin or token. A blue seal means nothing else besides the fact someone paid some bucks to have that by the side of their names on the social media.

I don't think there will be a clear relationship with the uptrend and bounty campaigns, as I have observed many new projects are still popping up but they don't know much about bitcointalk but instead it's missions from platforms like zealy,... Actually as before it can be said that bounty brings a lot of profit to the participants when projects can pay users, for many years recently only a few are bringing happiness to hunters, I'm not sure if there will be many bounty projects in the future, but I think we also need to adapt to the changing crypto space about new way to earn free money.

There are a lot of people who see green ticks on platforms like Twitter and think it could be a full account or project, but honestly, it's not. When Elon Musk started taking over Twitter and enacting some new laws, you only needed to spend a little money to verify your account. So these are lucrative opportunities for crooks as well as those who want to take advantage of illegal profits so that they can take advantage of this green vestige to cheat. Unfortunately, I see a lot of people being scammed and even losing their property by clicking on the links in their profiles. So don't try to judge a project by its verification as well as the number of followers, because above all, there are many accounts sold.

No, especially the way you can buy twitter checkmark(verified) with just a little bit of money so for sure those scammers are willing to pay few bucks just to make sure their projects look legit to scam you. Just treat them the same as other new projects you can find in the internet, proceed with caution, research anything you can find regarding the projects because number doesn't necessarily mean it's good and trusted.

I think now this is not a 100% indicator that this is a strong project. Previously, in order to receive verification, it was required to perform more actions, but now it is enough to pay a small amount and you will receive this verification checkmark.
I advise you to do a more detailed analysis of projects: check the proposed solution, pay attention to the company's website, the project team, etc.

There are many project now blue tick verification there profile that means they pay fees for it. All these functions of twitter are now available but they were not in the past. If you pay money then twitter will give you this service. A good project does not follow all these activities as they follow their development activities.

To be honest, Elon Musk's policy which for Twitter to be verified can be obtained only by paying a fee that is not too large, this actually benefits scammers,
they'll pay that to look promising with a checked or verified account,
don't be fooled easily and still do your research before joining a project.

In fact Elon Musk has created such a bad service where the number of scams is increasing. But this is only done in exchange of money and if you want you can verify your account by spending money. Moreover we should research the actual structure of a project. The right project will always want to grab big investors and that's why they will want to promote it in many ways.

Twitter has been one of the platforms being used by scammers nowadays and that's what we should careful about. There are actually tons of scammers who has been buying verified accounts just so they can gain the trust of people easily.
We have to keep in mind that even if a social media account is verified, that doesn't mean that they could be trusted because scammers will do everything just to make their project look legit.
We still need to be careful because scammers might also be hiding in verified social media platforms bought from online market place. They can easily get verified by using their money for it so we should still do researches to get rid of scammers.

Don’t rely on that blue mark, its not a basis of a legit project so you should still do your best to research about the project and don’t believe to any hype easily on social media platform. If you are going to invest, you should consider everything first especially if its a new project, not all are worth it to try. Social media platform can easily be manipulated nowadays, you can’t trust them.

If you base your investment decision on twitter account that has been verified then you are at your own risk, I hope you know that Twitter and Telegram account can easily be bought. I will advise you do due diligence before investing into any project, there are a lot of scammers now on Twitter and Telegram., it is a matter of price, there are some big Twitter accounts that have been sold by the original holder just be careful

Maybe yes, maybe not. But I advise you not to see a verified account as a strong point for your investment. It's okay if you see it as an option.
The verified account may be from a current Twitter subscription or from purchasing an account from someone else who has verified their account. And it's a small investment to fool a lot of people.
I think information from forums or websites is still the best reference for you to invest.

It doesn't mean that much.
Many verified Twitter users can use it for fraud and scams. It's not like they are paying Twitter millions of dollars just so they advertise their projects. And, it will still depend on how good the project is. People won't be gathering in one place if they see lots of flaws in whatever they are working with. I still suggest looking deeper into their whitepaper and the team behind it. Don't just conclude something because you know they can pay for it.
Heck, even Crypto.com is paying a lot of money for advertising and even bought 20 years of contract for the Los Angeles basketball floor, and yet the value of their coin Cronos (CRO) won't go up.
It's true that not every one of us can pay Twitter to be verified but that doesn't mean they are also legitimate just because of that simple purchase.

For me, the exposure to this market is to realize that the social media process of the projects does not show too much, agree that strong projects always have quality communication channels to ensure the success of the project. their reputation. But people on social media can't be convinced that it's a good project, as far as twitter is concerned, as far as I know when paying monthly fees, that green credit can be earned yes, so a lot of accounts are created to abuse this to create hype.

Currently, blue ticks on Twitter can be bought. And verified Instagram accounts can also be bought or paid for by influencers to promote their projects. We are in a complicated situation. For me, social media is only a place to promote projects and show how they will develop the project.
Analyzing in depth is still my strong point in determining whether I will invest there or not.

Yes unfortunately these blue mark account can be easily bought in social accounts and now Its very hard to find a real and quality project from social accounts. most if their engagement (like, retweet, shares) are just bought and there is no real community for project. The only strong point of view is partnership and backups. if any project supported by big exchange, backup by big VCS then we could expect some reality in project.

That could have been a reason for a project to have more credibility but only in the past, since now blue ticks can be bought by anyone and that doesn't make them a good project at all, even you can buy a blue tick for an account that have a certain amount of followers which means that blue ticks, especially on Twitter, have lost their credibility that they used to have in the past which used to show recognition and achievements.

So when evaluating or analyzing a project in recent times, one should never trust the blue ticks or even the number of followers on social media handles because all these things can be bought, a better way of evaluation should be to check the interactions of the users on their posts, tweets, and retweets, etc.

Nowadays getting blue tick is very easy, it just wants some , money for a year and for a month as well. But we should mostly checked the backers of the project, I think that would be a better point. And a another think blue tick is also good for the top projects. And thirdly, we should check the project by connecting new wallet.

Verification can be bought this days unlike before when it was actually earned. So if you trust a project because it has a verified tick without doing any necessary research whatever the outcome is your fault. I don't you should listen to your friend regarding this, it is not a good idea imo.

Still do not easily believe, fraud is always rampant. For Twitter itself it's very easy to create a verified account (blue tick) but for Telegram I don't understand. Since their new project is trying in such a way as to entice investors to be interested, what is certain to do now is to believe it or not to return to us. research from all directions must be carried out if you want to invest in a new project, it is not enough just to get advice from friends

I don't know when was the last time did that ever happen. Of course that is not the full proof to say that the project will be legit, strong and has potential for success. Perhaps it can be trusted but having it an easy way is surely doubtful considering you can literally verify them in minutes if you have money. It is not and shouldn't be the basis for a strong project.

I see a lot of Twitter accounts got verified which have only 10-100 followers yes it’s possible right now after Elon Musk take over Twitter. It seems biggest advantages for the scammer to promote fake project but some people’s will believe that because their accounts are verified but they don’t know it’s very easy if someone will pay a few dollars. There are no way to research about a project before will make invest in new project in the market.

Promoting a project solely through verified social media accounts does not automatically guarantee trustworthiness. Individuals often leverage their influence to endorse products or services for financial gain. Paid promotions are prevalent, and consequently, these influencers may not genuinely care about the well-being of their followers. I have come across numerous Telegram (TG) and Twitter accounts with verification badges that receive compensation for every post they make. Unfortunately, many projects featured in their advertisements have turned out to be scams. Therefore, exercising caution when investing in a new project is crucial. It is advisable to conduct extensive research on your own to the best of your ability, ensuring you make informed decisions.

Everything can be bought and this will only be manipulation. Fraudulent projects using verified accounts are very easy. Who can pay for him to look believable.
Currently, social media cannot be used as a benchmark for whether a project is good or not, but looking at the entire project starting from the team, partners and roadmap is very important to know. Many have followed new projects in the past, some have been profitable but most have ended in failure because the projects were not able to compete and develop and some were just fraudulent projects.

so much accounts are even trying to clone each other, so many big company are being impersonated with this decision that elon took to make the blue tick badge commercial.
It has been resulted many chaos in the platform themselves.
maybe many will just switch over to thread because it seems there at least the verification was still rather traditional.
its unlike in twitter that everything is easy for scammers to impersonate or even try to look somewhat reliable because blue badge tick is easily gained.

I will not accept verified Twitter or Telegram as a sign that the project is legit, you can pay to be verified and scammers can easily do that, they can even buy Twitter and Telegram accounts, the team behind the projects their expertise, and experience and if they are popular and reputable in their niches are just one of the signs that the project is legit.
Never their social accounts it's easy to increase memberships and followers all these projects need to do is launch a bounty or contests or just buy followers and members for their social media accounts, legit projects do not resort to this method to increase their memberships and reputation, their account followers grow organically.

They are only a rough indicator of genuineness. Swindlers' creativity in finding ways to circumvent these safeguards has been impressive. Nonetheless, they serve as the initial line of defense, or checkpoint.

You're absolutely right that our greatest asset is our teamwork. Their track record, knowledge, and standing all lend credibility and assurance. However, we must not relax our guard. The most competent groups occasionally fail or succumb to greed. Therefore, it is crucial to conduct a well-rounded study that considers both the project's foundations and its potential.

Growth in social media is difficult to measure. Growth by natural means is preferable. However, one cannot discount the possibility that even real enterprises would use promotional tactics like contests or rewards to increase their exposure. Its a sad fact of life in the very competitive world of crypto. Keeping a level head, learning the ins and outs of the ecology, and showing compassion for the difficulties projects encounter are all essential.

Legit project is existing since the start of the crypto industry and the only thing that is not good about them is they are not consistent when it comes to developing their project and also promoting it in the end, they are bound to lose their investors and they finally gave it up due to the lack of budget in the process on making it popular. Now we have these kinds of projects that are gonna become priorities for investors because this is one of the reasons why the project is trusted but this will not be a sign that you will gonna use all your money when you see some project like that in the future, just stick to the rules always invest only what you can afford to lose.

A strong project they will have to pay attention to verified social media on their own, but on the contrary, I don't give much credit to a verified social media to evaluate a quality project. quantity. As far as I know since Elon Musk took over twitter identity verification is simply providing monthly fees to get a green tick, however most of us can do it that, and even low-quality or ill-intentioned projects are possible. But the interaction on social networks does not measure much in terms of quality because they are easily bought, I look at any project, the first criteria is about the team, partners, product features , roadmaps, tokens,... so that you can have a better overview of the project, not just depending on each social network.

Verified social media accounts are extremely important in terms of credibility and reputation. When I see a verified social media account, I usually think that it has met certain criteria. However, in recent days, social media platforms have weakened the criteria for having a verified account to earn more money. That's why verified social media accounts don't mean much to me anymore. I'm going to exaggerate a bit but for me there is not much difference between any social media account and a verified social media account.

the blue tick is not a benchmark for whether a project is good or not because the blue tick on twitter is easy to get by buying it, especially since twitter was bought by elon, everything has to be bought, as if twitter were an elon's money field

This is becoming more and more common, and it is still a way that many people take advantage of people's ignorance using different social networking platforms as a criterion to talk about the quality of a project. good judgment. I remember a few weeks ago, most of the memecoin projects used this as a tool to attract interaction as well as they used to take advantage of what other influencers mentioned. Perhaps this is also a trick to attract users, but for an experienced person, we all understand to evaluate a good project or not based on many different factors, the fact that some sites web or tools to support this I can also find them, but changing the market requires adaptation and rethinking of how it works as well as personal research rather than depending on one factor.

It's true that the current policy where we can buy verification or checkmarks for Twitter accounts is really easy,
so don't take that as the basis that it's a strong project,
and even with the ease of getting the checkmark it is not impossible it is used for negative things like for scam projects.

back then when the tick badge basically that means account verified was gotten through real verification it still holds value and adds reliability towards some project but the fact that the rules have been changed to commercialize this kind of badge then all of these instantly became meaningless, so depending on verified twitter to determine whether a project is reliable is kind of foolish honestly.

thats fair point enough, so many things has been commercialized by elon musk basically they increase their company profit at the expenses of users of twitter paying more and more for everything that they usually get free and honestly it should be free not paying everything like this.
hopefully the emergence of thread by meta even though we know how bad company it is could somewhat gives benchmark towards twitter and hopefully twitter will get some common sense around their executives that what they are doing is definitely gonna make their company bankrupt in the long term.

Even if that badge still forced users to go through that verification process it would still not mean anything, I have seen several projects on the past that claimed to gain verification by an exchange and they still scammed their customers in the end, so this demonstrates once again that trying to rely on a centralized institution to do the job we should do ourselves is a bad idea.

So if someone out there wants to know if the project in which they are interested is any good then they need to do their due diligence, and if they refuse to do it then they need give up the idea of investing in that project.

Even when the blue tick badge was verified rather than buy, It's still the same thing, majority of them are prompting the coins for their gains, Infant during the verified era many people get verified so that many companies will approach them  for advert,

Nope, Verified social media accounts will never surveyor of good or bad project, without verified accounts so many projects was huge success in the previous year, now it's trap to attract investors in new project, scammers taken this opportunity, after blue is badge is one kind of business for elon musk.

I'm not very familiar with this issue as I rarely participate in airdrops or social media campaigns, but I've heard that on Twitter posts are limited and if you want to post more you have to spend a little money. this might be a kind of tax because social media owners see crypto is a big thing  ;D

this is a good indicator, but in my opinion it is better when the team is public and the developers have a history and you can check their biography. This inspires more confidence, and the second point for me that I draw attention to is partners, namely how serious funds or projects are and whether there are posts on social networks or on the site. And the third point is an independent audit from a public report, which, in my opinion, is the best formula that will show how serious the project is.

In my own humble opinion I do not believe because a project social media accounts are verified, that the projects are genuine and authentic. In this era where you can bought blue stroke to verify their accounts. If it were to be before that account verification was based on how long you have been on the platform and the influence you are making or based of the kind of position you are currently occupying in the society. I believe having a background check on the team of any project is the main thing to consider. How long the team has been together, the developer. This will sure let you know if it’s a project to be part of or project to admire from a distance.

thats true, heck even someone that already considered famous enough for most investors like certain founder of coin that once overtaken ethereum position are still scamming.
these reliability based on trust against certain figure is already getting old enough, its all about the system that prevents such thing from happening that matters more.

thats not the case, the twitter just doing it to limit people from taking advantage the API I guess or even scrapping twitter content thats why elon decided to do that but regardless its
really unwise decision since this means they are forcing people to pay them for something that supposed to be free.
these airdrop hunters in general that frequently tweets about their favoured project and sometime take a look for various emerging airdrops are gonna be needing to pay some hefty amount to twitter.
its just massive disappointment honestly.

If this was not so tragic and it did not included thousands of people losing their money this could be even funny, as bitcoin was created as a trustless currency and as such all of those attempts by scammers to build trust among investors should be useless from the get go.

Investors should only look at the merits and the implementation of the projects in which they are interested, and if the implementation is not good or nonexistent then they need to stay away from such coins as the possibilities of being scammed are very high.

There is an iota of truth in what you said but that should not be the only criteria to know a good project. This is because with Elon Musk twitter, small bucks can buy you blue tick and also it is not difficult to buy fake followers to push the project.

What you should look up to is the dedication of the team behind the project, the project road map and the vision of the project. But some persons doesn't have the ability to make this research, they rather stick with king bitcoin and some top altcoins.

Verification is too easy now because there are now can get by paying. Having verified twitter and telegram doesn't means that the project will be legit and long run. Because I have seen there are couple of sellers who selling telegram verification for only 2$-5$ monthly forums. So always check the investors, team members and the use case of the project. Then you can filter what are the good ones or what are the bad ones.

Before Twitter changed their structural verification system, it was and it count when Twitter used to identify users base on their impression, legitimate activity and how active they are on the platform but all that changes when Elon took over the platform and changed it payment method, now all the verification don't need an indepth review before they verify account, even scammers have find a way to impersonate real accounts on Twitter and they are active on the platform doing wrong things to people, either verified twitter or not, just know that even legit project do rugg investors.

Telegram verified accounts, groups and channel are not so different from Twitter, it is the same process of been verified. All you need to do is to make payment and after review, it get verified, becareful of telegram groups but verified accounts is not a primary factor to used to verify legitimacy of project, you should DIOR more about the team and what they want to do about the project, that is the only way you can avoid been a scape goat to scammers.

Why should you considered a project legit, based only seeing verified Twitter account? I know if a Project's Social media get verified, then they'll seems more realistic and trustworthy than others but nowadays that's Over! Cause scammers are applying various way to make you convince they are real and thus they'll fruad with you. So never invest with a project by seeing verified mark! Rather check project quality, community, developers as well as Others things that is important to check a legit project

Logically correct! However, there are many projects which despite having good management even cannot survive in the market because they do not care about investors. In fact investors will participate only when the rate is enticing and high rewards are offered. Moreover, i can see a lot of things that the donors of the project are avoiding as the reason for the decrease in the value of the token.

No buddy, It won't guarantee that a project has 100k followers in telegram and 100k member on telegram channel with verified icon that the project is legitimate or will not be a scam.  Many projects that used to have huge communities have disappeared today. So, never do it because the project has more followers on Twitter or Telegram than it is trusted, so I invest. Followers and members can be bought and the money to buy these followers is nothing compared to the amount scammed by the projects. hope you understood the matter.

It is not true that only a verified account will be good. Now anyone could get their account verified on Twitter, you just need to pay a small fee, and it's not very expensive for scammers either. The supporting community plays a significant role in the success of a project; if the community is strong, the chances of the project's success increase. Besides, there are several factors that need to be evaluated before considering any project for investment.

The fact that they verify their accounts does not protect you from scams. Even an audit of a smart contract does not mean that the project can now be trusted and you can freely send money to the address of this smart contract. It doesn't really matter if the account is verified or not, look at the project itself, its developers and the tokenomics of the project. Where the project is traded, who its main investors are. This will bring much more confidence than some social media accounts, even if they are verified.

if they didn't survive and didn't care about their investors in general then i'd pretty much say that they are bad at management I mean, investors in every business and project should be number one priority since
they are the ones that gives power to the business and project so it could runs and grow smoothly. sacrificing some of the allocations for the sake of having angel investors are fine I guess, because simply put, without them, your project hardly even gonna suceed.
there are always something you should sacrifice for the sake of going further and giving offer to investors might be one way to sacrifice for the sake of moving forward, unless of course your project is truly bleeding edge.

Scammers always trying to do something new, that will easily make people trapped cause old ways are almost know to all. People Don't click on links or download malware app nowadays (although newbies do). Now bluemark maybe available for eight dollar something on Twitter. So anyone can use blue mark by money. Telegram premium offering emoji that is similar to verified sign. So Don't follow those project blindly, google about them. Try to analysis, know them. Maybe discord can still help you to verify and analysis those project. So do analysis, don't trust blindly or You'll be scammed

Scammer can buy blue tick. This is the main problem when people were trusting the verified twitter with blue tick. The minimum requirement must be yellow tick. It has been awarded into the project that fully verified by twitter.

It will be stupid if people were believing in the blue tick project. It can be bought easily as long as scammers have a twitter account with minimum requirements to get blue tick.

Verifying social accounts of upcoming projects such as Twitter, Telegram, Facebook...etc. can be a strong indicator, but it is not sufficient to ensure the credibility of the project.

Professional scammers know the impact of this point on subscribers, so they work to verify their accounts by paying some money to attract investors.

Yeah, I do agree, still depends on the project itself. And that's why many projects in the past being endorsed by celebrities turns out to be scam as early as 2017. And it seems that the cycle is just repeating itself, now this verified Twitter account are shilling for projects that we don't know might turn out to be a scam. I still remember John McAfee (RIP), who uses his account to really shill for projects and then he charge like $100k if I'm not mistaken. Although he is somewhat like a crypto influencer that time, and perhaps it was really very effective method as the project is willing to pay him that huge amount of money. And this trend is going to continue so we must exercise caution as to who's who in crypto space. Still up to us to investigate and not listen to this people. And just remember that this is our money, so make sure we invest on the right project.

Before elon musk hand over the Twitter, personally i consider verified accounts are strong point for a project cause verify enhance our trust on the project and people always show interest due to verified profile. But now i Don't consider verified account as trusted cause it can be done with money. Documents are less matter now. Telegram also hasn’t fully started similar option but they make it easy for premium customer, what you need is just give them money. So dyor before invest, don't buy anything blindly only based on seeing verified blue mark

My opinion though, a verified social account does not prevent a project from scamming.
Matter of fact, anyone can verify their Twitter these days by paying the required fee.

Of course, verifying the project’s accounts on social media, such as Twitter or Facebook, or on popular communication applications, such as Telegram, does not indicate the legitimacy of the project or that an honest team is behind it. They can actually purchase a monthly or annual verified subscription for their Twitter account with ease in return for paying some money. As for Telegram, there are some uncomplicated conditions through which they can get their group or channel verified, so it is within everyone’s reach that even scammers can do and appear to their communities as official and legitimate, so we cannot rely on the verification mark for any project as there are a lot of other factors that show the reality of the project and its team.

this is also the case with other social media platforms, even instagram is selling blue badge which used to be only for accounts thats verified. its massively disappointing since it means that these are no more sure way to ensure that the project itself is legit when some accounts only need to pay few dollars an they already got blue badge.
even scammers could easily shell out some money just to bait bigger fish, which is to act like as if they are legit.
nowadays i'd only trust a project if their account at least have yellow badge, or gold badge many would say, at least they are shelling out some additional money which i think not every scammers can do but most certainly i don't really trust these twitter profile accounts as an indicators nowadays.

actually blue tick wasn’t available for money before, neither for Twitter facebook nor telegram. For verification, a person needed to be real and need to gave real documents for verification. That's why people simply Trust blue tick sign account as real. But due to elon musk business policies, bule tick account can't be trusted anyomore. Otherwise people may victim of scammers on such Social platforms

Scammer will try to verify first all of their social media accounts because it can be good approach to get attention of the investors, Verification of social accounts was too difficult even in two years ago, Now it’s very easy to verify because it’s one kind of subscription to paying some dollars in every month, So now it can't be a good indicator to detect a new strong project.

Actually, we can't be 100% confident that the project is legitimate because on average all projects use this, such as verified on Twitter and Telegram. I have joined projects several times, on average, I use verified between the two, maybe both of them help them to notify updates to the project community. and we have to be careful in choosing projects that ask for that

Yes, not all 100% verified badges on social media are for real. They can easily be claimed and bought because it's a feature that you just need to pay and you get that verification confirmation of having that badge. Aside from that, this is another way for the new projects to get verified without having to launch the project, a real project. As long as you have money to pay for the monthly subscription, you'll be thought that you are a legit one.

Nothing is guaranteed as far as crypto project is concerned due to it non regulation there are lot of project that look legitimate based on their verified socal media platform yet ended up as scam. I personally participated in one of such project on 2018, they perfected their social platform especially telegram where a moderator is always online to answer any enquires, they also have a top high ranked member of this forum as their bounty campaign manager, they run their promotion virtually in all the social media, however in the run after collecting fund through their ICOs they disappeared into thin air consequently scammed investors their hard earn money the  best bet is to invest with what you can afford to lose.

No. It just means they can afford it. And I don't think a project that can't even afford a 100 dollar and a decent design for their website could deliver anything.
It's a bias but it works. It doesn't mean that every projects with a tick are legit, but it's considered a plus thing by the general investors.
When it comes to investing, the investors need to do a thorough research and analysis and set their strategy.
So, get the tick if you wants to portray as a serious project.

It's a basic thing a project should start with. There might be successful projects without verification or unverified community pages but they were either early or are exceptions.
Getting a verification does not actually add significant advantage to being trusted. Trust is built through transparency and delivering on promise. For something that has recently started, you need a mega idea with mega promotions and a good roadmap to get success in initial funding. Further funding depends on how you perform.