How to know project scam or not?

[winspiral]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

You can never know in advance with certitude if it is a scam.
And you can never know if the project will success.

[1714623192]

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[NIGHT_FOX_1]

We need to carefully study the project itself. Search for the most information about developers and the opinions of specialists!

[friday99]

I usually check the ico that was launched by the project then if i have been interested and and nice and not a scam.

[Jgatsby]

Its really hard to find out whether a certain project is a scam or not, this is why its necessary for us to do a lot of research and study regarding the project and if possible examine everything, the founder, devs, the moderator and who will handle the bounty campaign before joining the ico, so that we can lessen the chance of becoming a victim of scam ico. I've been only joining well known campaign manager and so far I haven't been scammed yet.

[artem.klimovich]

This is not so difficult but not very easy:

• read whitepaper
• read smartcontract in the blockchain where the project starts
• look up their team, search for these people in social networks and an alias of what they write
• The search for people from the team in other ICO and the history of these projects
• he study of activity in all channels of the project and what people write about them
• We look at the advisors and how they are related to the founders, if not, then most likely the advisors are not even interested in the fact that they are participating in this ICO
• Evaluation of the idea itself. presence of a smart contract and issued tokens. maximum openness of information

[ngacengan]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

for now it's a bit harder to judge the ICO project Scam or not, because now there are so many ICO in circulation, but I share some tips to determine the ICO is a scam or not by looking at team, whitepapper, smart contract code source, linkedin profile, and make sure their ICO is registered at https://icobench.com/ because the ICO is there to provide more information and give a rating of success from the ICO.

[huyennhat204857]

I will share you some trick.

1. Check roadmap and whitepaper.
2. Check the information of developer team.
3. Check website: Traffic, host, domain, visitors.
4. Check amount of member telegram, twitter, facebook.

[selectaselectine]

I guess you'll find it tiring to read the whitepapers of every bounty, but it really does give a serious part to the project. You can also check the background and reputation of the bounty manager since they usually serves as the frontliners. Also, do a background check to the people involved to the said projects. There are a lot of ways to check, if you think it's suspicious I guess it's your instinct that is telling you to look for another project.

[KEPLER99]

After what happened with Vionex, i dont know anything at all. It was the best prepared scam ever.

Unless the projects start being registered under government officials, its hard to know which project is a scam or ponzi scheme even after we do all the research and check team and whitepapers. To provide security against scam project and ICO’s, government of various countries must come up with a pre-registration rules for people launching a particular project, so that if they run away with people money, they can be caught and be legally charged and punished.

[kingcrypto-the2nd]

Most important thing is team and team’s works  in the past for the project scam or not. You can examine twitter account, website and whitepaper. You can understand scam project with these.

[Cuneng10]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

1. Team members
You have to look through all of their team members. Start with their leader, founders, CEO, co-founders or whatever. Check all of their LinkedIn profiles, pictures, number of connected people, work experience. The person who are likely to succeed should have experience to lead a startup projects to success before. Any person with that kind of experience for more than 10 years is a good choices. Then you have to check their skills, an all-stars person should have at least 5 skills. Looks at how many people endorse their skills, if only few people endorsed, then it's suspicious and should be aware of. Check all their activities, how long they're active on LinkedIn, many scammers creating their profiles a few weeks or months before introducing their ICO project. Finally their profile should mention about the ICO project they're working on.

To me, team members are the most important factor to weight ICO. An ICO with world class or all-stars team has more chance to success. Because those people doesn't want their reputation to be tainted. They knows what they're doing and they'll work hard to make it.


2. Is their project help solve problems for many people?
If yes, then it's good. If no, then it's bad.
Sometime people doesn't have those problems at the moment but are more likely to have it in the near future. You'll have to weight your judgement whether it's gonna happen as they claimed or not.


3. Are they really need a new token/coin?
If they can use existing cryptocurrencies in their ecosystem then their token doesn't have much value. They're probably prepared many good reasons to convince people why they need a new token. You'll have to think for yourself whether it's reasonable or not.


4. How openness of the team?
You should be able to contact their team, asking questions, meet up with them. They should participates in big cryptocurrencies & blockchain conferences, appears on video interviews, youtube channel, etc.


I hope this can help you.

it's so hard to understand but thanks

[Robin_Good]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

You can't be sure for 100% but you can pay attention to such factors as team, product, whitepaper, roadmap, advisors etc.

[donacal]

I usually look at all the members of the team and check on the linkedin profiles what they actually did in their career.

[Veter2000]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

1. Team members
You have to look through all of their team members. Start with their leader, founders, CEO, co-founders or whatever. Check all of their LinkedIn profiles, pictures, number of connected people, work experience. The person who are likely to succeed should have experience to lead a startup projects to success before. Any person with that kind of experience for more than 10 years is a good choices. Then you have to check their skills, an all-stars person should have at least 5 skills. Looks at how many people endorse their skills, if only few people endorsed, then it's suspicious and should be aware of. Check all their activities, how long they're active on LinkedIn, many scammers creating their profiles a few weeks or months before introducing their ICO project. Finally their profile should mention about the ICO project they're working on.

To me, team members are the most important factor to weight ICO. An ICO with world class or all-stars team has more chance to success. Because those people doesn't want their reputation to be tainted. They knows what they're doing and they'll work hard to make it.


2. Is their project help solve problems for many people?
If yes, then it's good. If no, then it's bad.
Sometime people doesn't have those problems at the moment but are more likely to have it in the near future. You'll have to weight your judgement whether it's gonna happen as they claimed or not.


3. Are they really need a new token/coin?
If they can use existing cryptocurrencies in their ecosystem then their token doesn't have much value. They're probably prepared many good reasons to convince people why they need a new token. You'll have to think for yourself whether it's reasonable or not.


4. How openness of the team?
You should be able to contact their team, asking questions, meet up with them. They should participates in big cryptocurrencies & blockchain conferences, appears on video interviews, youtube channel, etc.


I hope this can help you.

    For me, the first and fourth keys are the determining factors for determining fraud. I became more attentive to the choice of ICO and participation in the bounty after several benches, the inattentor checking the first item.

[vintages]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

The bitter truth is for you to get ready to be scammed for a couple of times before you're lucky to find the good one. But if you are lucky you will scale through. Previously, its just about making research on the developers, reading the whitepaper and getting a review about them but now, it may not work smoothly as usually. Though all the above still matters; after your research, if your gut still tells you to invest, then go for it.

[Britanshio]

Most important thing is team and team’s works  in the past for the project scam or not. You can examine twitter account, website and whitepaper. You can understand scam project with these.

For me I can see it a scam if the bpunty manager are not cleared what's the real platform they are provided to make us more believe.And if they used always alibis and irresponaiblity.

[Dluretic]

Most of the time, as a newbie, it's hard to tell if the ICO project is good.
But you can search in gtihub whether they have the source code, this is very important, and then observe their telegram group number, if the number of groups is big, so most of the time don't need to worry about this problem

[kamudd]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

I think there are so many people who write threads like this, you should read back yarn thread that has been there and you will get the same answer and even more clearly.

[Matdog]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

I think there are so many people who write threads like this, you should read back yarn thread that has been there and you will get the same answer and even more clearly.

This project should be represented by IT professionals, as they are capable of this. It is also important to know about the sponsorship of this project, and the background of the project whether they are capable and who they are. It is worthwhile to see if the project is presented in a currency exchange. We can also find feedback on this project,

[shandi albert]

Hello, i am newbie and want to know how i could check projects if they are good or bad, is there ways to know about that?

Questions like this very often appear in this forum, use your search button.
Basically, Some things become the problem of SCAM when ICO is not clear project.