How would we know which cryptocurrency would be Scam?

[edmundo]

It isn't too difficult to spot fake projects as well as shady and scam looking projects. Firstly, the team may never be present to answer questions regarding the project, they sometimes opt to conceal their real identities and that alone is a red flag. Secondly, there isn't any form of product or utility surrounding the project concept, it doesn't solve any real case whatsoever. Thirdly, offering too many tokens is also a turn off. Incoherent Roadmaps and future plans is another issue. Once you can spot all of this, there is a great chance that such a project may be scams.

[Kofiy]

It is very hard to know but there are still some signals that one needs to look for. First, how responsive and lively is there telegram group is, you also need to scrutinize the biography of the project team , these and more will indicate if a project is real or scam.

[coinnumber]

As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency  ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?

Doing research and asking questions to know about those coins that are profitable to invest on is a very good step. Most of the scam project do not have a good whitepaper work, they are always secretive about the development of the project, though they are active in terms of communication in most cases. Most of the scam project has no any form of product or utility surrounding the project concept, all they care about is the fund aspect.

[10BTCaDay]

First, you can look at the project site and you can immediately understand if there are shortcomings , links are not loaded , well , or the idea of the project is what makes you laugh it is SCAM.

[castiloros]

developers will be key in determining whether the crypto will produce or not to invest. the professional development team will give a good result for the crypto will be invested. but it will apply also to the contrary. many cryptos left by a team of developers and this became crypto junk and are not able to compete to be a scam. Moreover, these fields are increasingly producing then will be more reasonable if the scam is also more and more.

[nurularesyi1995]

The airdrop / project feature is prone to scam:

1. They provide the conditions to send some eth to their address to get a token (This is clear, why do I have to pay for the dropdrop?)
2. When filling out the form, you are asked to fill in the private key (It is very clear a scam, because if they know your private key, you can "your wallet balance is sold out)
3. The website is suspicious / suspected of phishing (they usually ask you to fill in the data "private" on their phishing web)

Hopefully it can be a lesson for all of us, to always be careful "in following the airdrop Smiley

[nickwen]

ICO is a form of investment that can bring big profits when it index, you can x10 x20 the amount you have invested. But this is also a form of high risk investment. You can take Describe the following to evaluate an ICO or other crypto project:
Team established ICO
The topic of that ICO on forums or review sites about ico
Development Roadmap
Community and media support
Review the Whitepaper of the project
Quality code (see on Github)

[DarkDays]

Well according to a research report I read, somewhere around 80% of ICO projects last year had scammy activity, so you can probably assume that is somewhere around 90% in 2018. However, the vast majority of funding is being sucked up by the actual good projects, so you shouldn't worry to much about getting scammed, as scammy projects tend to fail quickly.

[BlockchainGod]

I think that no one can give you the right answer to this question except you. You yourself have to analyze each coin of interest and decide for yourself scam it or not. IMHO

[Inikoo]

There is no special receipt I guess, we have to look at the red flags carefully. For example, if they promise unrealistic things, rewards, performance.

[o.ogurlu]

You should do a good research on the project you want to make a deposit. My advice is to read the project's whitepaper first. And research the team members of the project. And lastly read the comments about the project and the team members.

[HauntOne]

Bro, for the most parts of cryptocurrencies are not a scam, they simply depreciate (there was no investor, the team fell apart, anything can happen).  But you can select the best ones yourself, or use chat rooms where such companies have already found ... they are usually paid.

[Sacrib]

Read their whitepaper. Check their developers. Ask questions about their token and its primary purpose. Though none of these might totally let you know if the coin is a scam or not as at first none of them are scam, but you will have the slightest idea if the project is worth investing in or not if you check these things before. One more sign that I see a lot of times that makes it suspicious is the promotional rewards are way higher then how much they should be. It probably means they are trying to attract more people to advertise their service and let the coin get some value and then they might take the money collected from ICO and run away with it.

Interacting with their team is probably the best way to decide whether a project is legit. Ditto on at the whitepaper, roadmap and bogus airdrops. Most of the time if a coin is airdropping a huge number of coins, it just shows that they don't value their own coin very much. If they did they wouldn't be throwing handfuls of it away...

To interact with the team is definitely a good idea!

[itsik78]

To see fraudsters among many crypto startups, you need to study:
The site is the face of the company;
Technology - what the company does;
People - who does it;
Principles of work - how they do it.
The ICO market is a young and high-risk business. It is necessary to enter into it with a certain knowledge base and a part of the income that will not be a pity to lose.y to lose.

[Pr.Victus]

If you are a HOLDer, then you are more likely to stumble upon a SCAM than a trader. A trader may have time to sell the coins before they are worthless; this is not good, but they have money in their hands instead of air coins.

[Sam San]

To see fraudsters among many crypto startups, you need to study:
The site is the face of the company;
Technology - what the company does;
People - who does it;
Principles of work - how they do it.
The ICO market is a young and high-risk business. It is necessary to enter into it with a certain knowledge base and a part of the income that will not be a pity to lose.y to lose.

if such a study saved from fraud, it would be a panacea. unfortunately, it depends on the people in the decision making team who can become scammers at any stage and take the assets out of the project.

[margaret22]

In most cases, if something is "too good to be true", than we have to think, that maybe it is a scam. In the same time, crypto can be better sometimes, than what others would think possible.

[cathat]

You need to will be sure that the team members are real and have experience with them. Many SCAM projects expose at this step. Does the company have licenses, certificates. Next, you need to monitor the work activity, if it is not there, then this is bad.

[bittick]

You need to will be sure that the team members are real and have experience with them. Many SCAM projects expose at this step. Does the company have licenses, certificates. Next, you need to monitor the work activity, if it is not there, then this is bad.

Most of the scam ICO using fake LinkedIn profile so people should take a look further, it's also really difficult to distinguish between real linkedin profile or not because some people just sometimes dont have the linkedIn profile but these scammers are taking someone else's pictrure.

[aileen393332xe5157]

In my opinion, you need to study the project carefully. Use the knowledge and experience to analyze the project to find the problems of uncertainty: Teams, routes, goals, values ... Follow up and refer to the response of the community about the project, refer to the ratings site ...