Need a standard method to detect spam and scammer in crypto world.

[om_iyo]

Any standard method to detect which the real and which the scammer in every investment, ICO, or another transaction in crypto world?

If you have some experienced to detect spam, scammer, etc; please just drop some comment here. It's usefull for many beginner in crypto world.

As far as I know, one of threats in crypto world development is many spam and scammers. And we have to educated it for many beginner and investor about it.

[paloloy]

I am not following some point on spotting scam and legitimate ICOs and bounty campaigns other than bumping on their Telegram Channels because I believe that good ICOs and bounty campaigns have good social and community network like Telegram Channels.
If that telegram channels don't have enough admins and only handful of active members then I better look for another promising ICOs and Crypto projects.

[CryptoAlphaStar]

It's easy. If someone reaches out for you first - I won't even bother replying.
We are all so busy. Especially on Telegram. Who would waste their time in contacting strangers? Only the scammers. Because we are their customers.
ICO team will never sell tokens in PMs.

[ArkiCrypto]

Well I do have my own way in order to detect if the projects is a scam or legit however there are time that i'm still falling into scam projects, Actually I've made a thread about avoiding being scammed again but just what i've said it's not guaranteed because the Scammers are also evolving, we think that the project is legit because of the perfect presentation of whitepaper, hype of the community, number of investors, etc. but it end up being a scam.

•Check the Background of the team (If the team didn't give info about each member of the team such as name previous projects, background, etc. There's a possibility that they will just run away with your money if they didn't give info's about their team.)
•Read their whitepaper and look if it's really worth to invest with, their concept, etc. (This is important to know what the project is all about.)
•Check the Social media accounts, If you find it very interesting presentable. (Join their telegram group in order to be updated.)
•Check the Projects professionalism (How they handle users, control frauds, etc.)
•Follow their Roadmap and other technical details and see if they meet it on time.
•Look for the projects community and see if the community is active.
•Look for special proof and validation.
•Do your own research about the project such as review about the projects or you can also check the projects ANN thread to see comments who's agree/disagree or the communities idea about the project because ANN threads is like an open forum where you can ask, give insights, etc.

I just copied it from my thread, that's how I choose projects and if the project didn't meet my standards then I will not risk my capital however it's not guaranteed this is all according to my own perception and perspective. Here's the link to my thread: https://bitcointalk.org/index.php?topic=3196383.msg33152916

[serjik228]

The method is very simple - intuition
Just go to the site and see how it is made and how much it invested

[0xcosmos]

one of the golden rule to avoid being scammed in the crypto world is
if its very good to be true its probably a scam

[Torrenth]

I think this is indispensable in the world of crypto, because nowadays very many scammer and spam, it will be very useful for everyone, I agree to it.

[dumplingsandsushi]

First off, assume that EVERY project and ICO is a scam and they have to prove to you that they are not.

That is how it works in the normal business world.
Companies have to prove that their product works and their business model is viable before people decide to invest in it.
Just imagine watching the tv show Shark Tank.
What if someone came on to pitch their idea and they had nothing to show.
No demo, no product, no anything.
All they said was, "I wrote up this paper that talks about all the things I want to do."
There is NO WAY that anyone would invest in that.

So any legitimate company that has a longterm chance of being successfull will answer your questions and concerns and be willing to show off their product.

If they don't have a product, run away.
If you can't contact them, run away.
If they have no track record, run away.
If they ban you for raising concerns on telegram, run away.

Set your standards high and imagine it is a real life company (because it is!) that is trying to pitch their product to you to buy and you will develop a great sense for what is legitimate and what is not.

[Murloc]

I'm usually looking on 2 points that can say much about the ICO. First is that the revenue that offer the ICO. If it is a project that say something about easy x100 for your investments then better leave this page. Second is the way this project is promoted. Earlier literally everything that was shown thru google / facebook / twitter ads was a complete shit. Just remember that any ICO that annoys you with its ads is not worth spending time looking through its WP.
After the project passed those two steps you can continue your research.

[AbyssLagiaz]

If there is an existing review of that ICO then you could watch that in Youtube. Google search could just be written up but you have tons of information to be gathered there. Also in forums you could check out other people's thoughts on the ANN threads, but you can't trust all of those. What you can rely on is your instincts on how the team is structured in the ICO. Do a background check to team, whitepaper and the aim of the project itself.

[DeepChipolino]

It looks like preparing instructions for scammers Once there are standard method to detect scammer, it will be easier for scammers to act.
It's like giving the enemy a map of a minefield or on the sea.