what's behind the fraud project?

[novy]

I have heard about some team on darknet who were preparing ico projects on demand. That is really scary, just imagine someone is paying for example 50k dollars and get back nice income for the rest of his life.

[ghermghuda]

There's this one fact you're missing: we were in a bubble and you know what happens in bubbles? You will never know when it'll be ending so you keep on throwing money into it until one day you realize your investment is no more.
Secondly, yeah you're right- the term fraud refers to intentionally "scamming" someone so yeah, many "brainers" used the bubble as a way to make money by frauding. But jn all the bottom line is that, we were in a bubble then.

You see how difficult it's become of late for people to defraud oo others in crypto?....hehee...that's what I mean.

[danherbias07]

A number of them didnt hit the softcap so they cannot continue. They should've give back the money from the address where it came from.
Another is if they hit the soft but just a little over it.
There is a reason to continue it but they will just do it to look legitimate and then exit in a few weeks without reason.

The leftovers are those who scam directly.

[chanler]

Many projects appear because they know there are still many people potentially scammed by offering some rewards and discounts from ICOs or IEOs. I am not surprised if there will be more and more fraud projects as long as they still can scam people. They don't need much money to do this, they just need to manipulate everything and make it in an interesting look.

[johanesrobin]

They only seek profit by making fake projects. after the funds were collected they disappeared and ignored the project.
this causes investor confidence to decline, so ICO does not gain trust.
maybe IEO is safer from fraud.

[javainn]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

fraud project is already aimed at harming many parties. I think now we must look at the positive side if we have to be more selective in choosing the type of project. because I think fraud projects are usually organized to really only get a profit without thinking about the long term.

[Kemarit]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

Certainly, this fraudsters or scammers works deliberately from the beginning. They try to deceived everyone in the end, but at the early stage of the project, you won't notice a single thing because they know what they are doing. This can be seen in 2017, when the whole hype started, lots of project with the project of this and that and one day they are all gone with millions in their pocket. That is one sign as well, when there is no development from behind, they will just post something on github to show, entice investors and be gone when they have collected the money.

[auntyjmary]

A project can fail without the fault of developers or any plan to scam people. There have been promising projects that failed basically due to poor conditions on the crypto market when the coin got listed on an exchange. Nevertheless, there are still many individuals who intentionally plan projects to scam investors of their funds.

[pieppiep]

In my opinion, the only thing behind the fraud project will be greediness to take all of the investor's money by giving a promising project to them, but in the middle of the time, they run away with the money. We see that is happening to many projects, and that makes the investor angry, sad, and they want to search who is the team behind the project. The scammers will only make the things worst, and people will not trust with the project again, and they are avoiding the new project, which has a good plan for the future.

But we cannot blame them as we know that each people have their reason to create the project and we don't know who will scam the people. But we can be careful to choose the right project by selecting one by one and read their whitepaper as a beginning. Then we can ask them if we have a question related to the project.

[mandor]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

I also see that it happening a lot now, many projects have sprung up and many have ended in fraud or tokens that to created dead in a short time. I think the reason the project ended with fraud is because market conditions that are still not stable have made the price of tokens on the market not match with ICO prices in a project and funds are difficult for to collect.

other than that another reason is that the team is not professional in developing a project and I also think so if developers and bounty managers work together to promote fraudulent projects because they want to get a lot of money from investors.

note: be careful before investing because everything has big risks and it depends on your decision.

[jack wira]

Weve a lot of projects now that ended in vain, even though in the beginning the project went smoothly but in the end it was a scam, we don't know whether it was deliberately done or the teams managing the project did not reach the target so a scam project was created.