Whilst perusing this
hideously shitty spam megathread, it became obvious very quickly that it was created as a vehicle for some hardworking account farmers, all using crypto[something] as their usernames. And they pretty much all suggest the same things as an answer to the OP. The alt accounts are all registered within a month of each other and are all registered in different altcoin bounties.
I apologize if I'm pointing out to the community what I'm sure a lot of people have already noticed. It's unbelievable to me that they have the balls to do this right out in the open. My intention here is just to point out how bad this situation has gotten, even with the merit system.
The following accounts are connected, and I've tagged them as being spammers:
Not good strategy though it is one of the factors that i am checking,you should add some extra checkings,like the github accounts,the ICO should have some good working product or MVP! should have some good vision,roadmap and should have online presence and shouldnt be hiding their faces into someone else the whole team should be verified so that people wont hesitate to invest.
Few things that you should consider too,the github account and social media accounts should be active,they should show themselves to the people! The product is either working or with an alpha version so that you wont need to worry about how will the project be worthy! because without a working product the development will be worthless.
If you are going to join signatures you will need to do a lot of digging so that your efforts wont be wasted as far as in my experience these new projects are mostly scams,that is why we need to be sure that the team behind the ICO are real so that there will be less chances of getting scammed by these ICOs,it is more complicated than we can ever imagine.
Theres a lot of things to be considered,in addition to your posts,the team should have a github account,active social media engagements,some events that they have participated on,of if they have some good working product,MVP or if the the team has a good roadmap that is my strategy of checking the ICO if theres a potential scam.
1. Website and whitepaper. If the information the project puts out about themselves is lacking, it’s likely a bad sign.
2. Bounty pool and number of hunters. If the pool is large and the number of applicants are small, you could make more off it. There is probably more risk that the project doesn’t do well, but the reward could be worth it.
3. Bounty requirements. There may be bounties that you want to do, but don’t meet the requirements for. Research what you can actually do before putting in any work.
4. products,must have some alpha or mvp!
5.team members should be real people,if someone is hiding his identity do not join.
6.github and social media accounts should be active,
these are just the basic things you should check to lessen the risk of joining scam projects so that you wont be wasting your time and effort from these projects,always do some background check before joining so you wont regret when you have found these projects are scams ! do not rely to other's speculations always do your own digging.
Not really going to work if you didnt check the whitepaper and the roadmap,github and the social media accounts if they are active probably they are legit,people in the team shouldnt be hiding their faces or else its redflag that is why we should be doing oir own research to avoid those scams in the community!
Product,the development of the project check it in their github,the whitepaper and roadmap! theres many factors that we should be checking so that we can avoid those scam projects because almost every new projects that are being launched are scams! which is why we need to be sure that these projects that we have joined arent going to scam investors!
Product or atleat an aplha version should be existing, the github account shouldnt be outdated,and theres a lot of things that you should consider not only those what you have listed,joining signatures is indeed profitable when you have picked good bounties out of these shit projects that are commonly going to steal the investor's money.
You need to know even these things are good,these ICOs can easily turn the table upside down which is why we need to know the people behind the projects, to where the company was located,the business permit that they have so that you wont be losing your time and effort with these scam projects which are normally nowdays.
You shouldnt relying to those things because theres a lot of things to consider,the team's capability,product,platform token allocations,and other stuffs for you to confirm that the campaign is legit or atleast wont steal the bounty hunter's stakes because some of the good managers are doing shady business as they are going to have most of the rewards.
Lets suppose the things you have mentioned are all good,will you still join to the bounty campaign if the team doesnt have any github account? or the team has no background or previous successful proejcts? or atleast has MVP or working product? would you want to particiapte? if i were you i wont because these things are the most important factors you should be considering if you want to have successful ICOs.
Well if you have researched the above mentioned things you shoul have check im sure you arent going to join any scam or potential scam projects which is we should be doing our research so we wont be losing our time and effort joining potential scam projects,you shouldnt be joining campaigns which has redflags with the team member,or anything looks like scams.
