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April 15, 2018, 01:27:35 PM |
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Hi there,
For some people ins't so clear when a new coin have a good project/future or it's just a new shitcoin a scam or a "smart contract" that just will blow your money and run away.
I decided to pick some points that you need to verify everytime before you decide to put your money there.
1 - Premine High premines are a serious problem, even "for bounties" or anything. I consider premines under 2% a "normal" premine. Of course it depends on the total supply.
2 - Masternodes Selling Another smart way to disapear with thousands of money. I don't have a "correct" number for a masternode, but when a staff start selling dozens of masternodes, you need to take care.
3 - ICO I think ico's aren't too popular nowadays just because the numerous falling projects / exit scam. Before entering on a ICO, you need to know at least what type of staff are envolved in the project, are they just a couple of kids on some place or a serious bussiness. check it twice.
4 - Bitcoin Clones Not just about "forks" but a clone by itself, using sha256/scrypt, same or closer total supply, in fact, anyone actually can create a bitcoin fork or a new coin just using online tools and without know/write even a line of code. take care.
5 - Self Exchanges Most of the scam coins brings the promise of have their own exchange. Why ? I'ts simple, inside of their own exchange any scammer can control the price of a coin, and most of times change the supply. This already happened dozens of times.
6 - Impossible Promisses Blockchain and Altcoins are a revolution (serious?), but this don't mean that all projects will fix anything on the world. I personally don't believe in projects that's, for example are using a coin/token to develop anytype of AI (Artificial Inteligence), or for revenue webmasters against google adsense (by hidden mining), that uses/sell/defend "green energy", and I don't have so much faith in hybrids projects (physical enviroment x virtual). If you take attention, even bitcoin ins't used as they deserve on the "real world".
7 - Staff What are the people that are envolved in that project ? In fact, scammers are creating new projects every week, and again you need to check if the project brings some smart/revolutionary solution or it's just a "vaporware" or vaporcoin to be better. and not forget to teach to the devs the number one lesson: keep the community updated at least once every day at the start and at least twice every week.
8 - Community well last but not least, aways hear/read what the community are saying about, not just "oh good", but technical analysis too.
Updates and new tips for this topic are welcome. Cheers
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