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Author Topic: how to identify the real Coins/tokens or scame?  (Read 167 times)
Rabiii777 (OP)
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February 01, 2020, 05:12:43 PM
 #1

I have more then 100 tokens into the wallet when i try to find out price and detail there is no record avilable most of projects website not work if some works the real information is not allowed admin not reply if i go the the coinmarkeet cap the token is not avilable in the list this is really unfair and this will make me stress please tell me is there any soloution how to verify that before to join the project is that real or not need your suggestions thanks.
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Ridwan Fauzi
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February 02, 2020, 03:30:07 AM
 #2

I have more then 100 tokens into the wallet when i try to find out price and detail there is no record avilable most of projects website not work if some works the real information is not allowed admin not reply if i go the the coinmarkeet cap the token is not avilable in the list this is really unfair and this will make me stress please tell me is there any soloution how to verify that before to join the project is that real or not need your suggestions thanks.
How many times you have joined bounty campaign if I may know?

A hundread tokens are much IMO, do you have 100 different token?

If you do, I guess you are an expert to bounty campaign but you leaved the essence when you choose the project.

You may need to learn about the project, in this forum there are a lot of thread who have discussed the material that you looking for.

You have to find by yourself, make it as your learning and if I suggested you have to break to be a bounty hunter for a while until you have understood it.
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February 02, 2020, 04:36:45 PM
 #3

You can easily google it and check their thread in this forum as almost all token make thread in this forum and from their u will get a rough idea if the project is legit or not and you can also check through explorer and check if there is still active transaction and its corresponding price if available. Some of the wallet automatically show you the price of token and rest you can check yourself.
arwin100
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February 02, 2020, 11:34:49 PM
 #4

I have more then 100 tokens into the wallet when i try to find out price and detail there is no record avilable most of projects website not work if some works the real information is not allowed admin not reply if i go the the coinmarkeet cap the token is not avilable in the list this is really unfair and this will make me stress please tell me is there any soloution how to verify that before to join the project is that real or not need your suggestions thanks.

The only thing you need to do is to research on the background of the company and also verify the identity of the person behind of the project since if the info provided doesn't concede to the information they give then it's a big red flag unto this project. But it's still not guarantee if they provid their real names since many project turn scam even if they show some legitimacy on their platform so still it's a 50-50 chances to win on what we choose.

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February 03, 2020, 08:12:59 AM
 #5

-snip-
There are some scum projects which send out airdropped tokens to ethereum/specific token holders. They dump the everywhere in order to make the owner of the curious as to what the project is. Its a method of their shady marketing if you ask me.

So if you get something like that just forget about it and dont touch them. They are shitcoins and only there to make you a fool in most cases. A legit project hoping to raise money would go for a proper fundraising like IEO or Private sale not something like airdrop.

R


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The Cryptovator
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February 03, 2020, 12:35:31 PM
 #6

I am assuming OP has been earned tokens from bounty campaign or from airdrop. If a token not listed on exchange then you will not able to find prices anywhere including CMC. If you bought from ICO then likely you got scammed. Because most of ICO just skipping with fund. You will never able to sell them if project turned into scam.

Only suggestion is just avoid such as bounty or airdrop. If you really need participate then do your own diligence regarding projects. Read whitpaper, roadmap and verify team, most important is how potential their concept and how trusted their team if exist. If there is well known team behind of project and their concept is effective then likely you may participate there. But really spend on team they will scam or not. There is no 100% guaranteed way to know if project scam or not.

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shinratensei_
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February 04, 2020, 10:19:20 AM
 #7

I have more then 100 tokens into the wallet when i try to find out price and detail there is no record avilable most of projects website not work if some works the real information is not allowed admin not reply if i go the the coinmarkeet cap the token is not avilable in the list this is really unfair and this will make me stress please tell me is there any soloution how to verify that before to join the project is that real or not need your suggestions thanks.

The only thing you need to do is to research on the background of the company and also verify the identity of the person behind of the project since if the info provided doesn't concede to the information they give then it's a big red flag unto this project. But it's still not guarantee if they provid their real names since many project turn scam even if they show some legitimacy on their platform so still it's a 50-50 chances to win on what we choose.
It looks so difficult to do as we must to make sure if we can try to analyze anything started from the photos and many more. So many scammers have been even showing their real name but this can be done easily when we are joining in such a good ico group like icodrop. To determine if that was a scam project or not needs a lot of effort.
I don't even think if he will be wasting all of this time on this. Just always to make sure to avoid any suspicious project and know the common thing related to the scam project.
We have a bunch of good platforms and as a smart investor and we have a lot of choices. A good project will always have a big name in the crypto community.
There are some exceptions like what already done by Richart heart project and more ico that created by familiar name but it becomes a scam project right now. that's why if good research is always needed.


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Stanlo
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February 04, 2020, 10:58:43 AM
 #8

I have more then 100 tokens into the wallet when i try to find out price and detail there is no record avilable most of projects website not work if some works the real information is not allowed admin not reply if i go the the coinmarkeet cap the token is not avilable in the list this is really unfair and this will make me stress please tell me is there any soloution how to verify that before to join the project is that real or not need your suggestions thanks.
If the coin is very new the info you will find will be very limited but if the project is old then there is a problem, maybe they exit scam already? It would have been more easier if you say the name of the coin
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February 04, 2020, 11:47:37 AM
 #9

I am assuming OP has been earned tokens from bounty campaign or from airdrop. If a token not listed on exchange then you will not able to find prices anywhere including CMC. If you bought from ICO then likely you got scammed. Because most of ICO just skipping with fund. You will never able to sell them if project turned into scam.

Only suggestion is just avoid such as bounty or airdrop. If you really need participate then do your own diligence regarding projects. Read whitpaper, roadmap and verify team, most important is how potential their concept and how trusted their team if exist. If there is well known team behind of project and their concept is effective then likely you may participate there. But really spend on team they will scam or not. There is no 100% guaranteed way to know if project scam or not.
Main thing why i do quit on bounty hunting because of profit probability.Its almost 0% if you do ask me, i know there were few who do succeed but projects
now is a little bit conservative yet even how you do carefully research and choose up project you do still end up on being scammed.

Identifying would be easy for experienced eyes but not 100%.As you said op either earned those tokens from bounty or airdropped, and if it turns out to have no
value then he do just simply waste his time and effort.
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February 04, 2020, 11:55:26 AM
 #10

you can try using etherplorer.io  , type your address there and you will see if what tokens have a value  .i use that to save time hunting for infos if the coin is already listed or not  .  if you dont find any info such as their price after searching up on the web , that only means that the coins havent been listed yet  . there are projects that looks like legit but the token listing takes so much time  but if you got unlucky  , the coin will never be listed  forever  . like what happen to me  , i also have lots of coins with no value   .
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February 04, 2020, 12:09:25 PM
 #11

The answers you seek for can only be revealed using research, the best way to avoid scam projects is to go for popular coins, they have high trading volumes and they are listed on many exchanges, you won't have problem investing in such projects, the projects that need thorough research are new coins

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February 04, 2020, 02:57:37 PM
 #12

What the coin is? I'm guessing that you just got those tokens from bounty. If not, how much money did you invest with those tokens?
If there is no current exchange for those tokens, you have no way to trade them. You need to accept that tokens like you hold doesn't have definite way to sell unless the devs work it out.

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February 04, 2020, 04:44:22 PM
 #13

If you know the names of the tokens you can use google to find answers, if you can't find any then the project is been abandoned, if you are using Trust Wallet or if you can import your private key in Trust wallet you will see details about every single tokens you have and their price as well

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