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Author Topic: How to make sure that new dapps are not scams?  (Read 95 times)
kidis
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August 22, 2018, 09:10:44 AM
 #1

for me it's hard to define
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August 22, 2018, 10:06:31 AM
 #2

I think you should monitor comments on that particular dapp.
In most cases, you will find it easily.

as for games, scams are releasing all the time.
look at game rating platforms such as https://gameunculus.io/ or any other to read the review.



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August 23, 2018, 04:52:03 AM
 #3

for me it's hard to define
for my own opinion, to make sure that new dapps are not scams do a research regarding on that, to know if its a scam..
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August 23, 2018, 05:57:01 AM
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 #4

If it's really dapp, then it means the source code is available on the blockchain (which anyone can access easily) and anyone can read/audit the code to make sure whether the dapp is scam, buggy or work as expected.

But if you don't have such knowledge, then all you can do are :
1. Check review/comment from people who've used the dapp
2. Check whether someone have review/audit the code and it's result
3. Use website such as https://dappradar.com/ which usually only list proper/not scam dapp

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August 23, 2018, 10:50:41 AM
 #5

Reviews, comments outside their website, DAU
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August 23, 2018, 01:24:59 PM
 #6

Check the wallet where the money is transferred. Make a small transaction and see through etherscan where the funds are forwarded afterward.
If the funds leave the wallet soon after they arrived there, be cautious and better stay away from this project.

https://medium.com/@kate.poisonglen
fibrolit
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August 23, 2018, 03:28:30 PM
 #7

If it's really dapp, then it means the source code is available on the blockchain (which anyone can access easily) and anyone can read/audit the code to make sure whether the dapp is scam, buggy or work as expected.

But if you don't have such knowledge, then all you can do are :
1. Check review/comment from people who've used the dapp
2. Check whether someone have review/audit the code and it's result
3. Use website such as https://dappradar.com/ which usually only list proper/not scam dapp
The fact is that many comments naturally approving any application can be paid by the fraudster or made by him from different accounts. This is a very common practice. Unfortunately, many users do not know https://dappradar.com/ and this site may not include some of the new Scam apps on its list,as far as I understand the rating is formed from reviews.

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stomachgrowls
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August 23, 2018, 06:36:31 PM
 #8

If it's really dapp, then it means the source code is available on the blockchain (which anyone can access easily) and anyone can read/audit the code to make sure whether the dapp is scam, buggy or work as expected.

But if you don't have such knowledge, then all you can do are :
1. Check review/comment from people who've used the dapp
2. Check whether someone have review/audit the code and it's result
3. Use website such as https://dappradar.com/ which usually only list proper/not scam dapp
The fact is that many comments naturally approving any application can be paid by the fraudster or made by him from different accounts. This is a very common practice. Unfortunately, many users do not know https://dappradar.com/ and this site may not include some of the new Scam apps on its list,as far as I understand the rating is formed from reviews.
Checking out dappradar you can really say that there might be some scam apps being listed but the question why would you go into the last ranking if theres top one? Big chances or those who are on top would be
legit ones if you do based on user and volume of ETH involved.


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TimeTeller
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August 23, 2018, 11:06:02 PM
 #9

If it's really dapp, then it means the source code is available on the blockchain (which anyone can access easily) and anyone can read/audit the code to make sure whether the dapp is scam, buggy or work as expected.

But if you don't have such knowledge, then all you can do are :
1. Check review/comment from people who've used the dapp
2. Check whether someone have review/audit the code and it's result
3. Use website such as https://dappradar.com/ which usually only list proper/not scam dapp
The fact is that many comments naturally approving any application can be paid by the fraudster or made by him from different accounts. This is a very common practice. Unfortunately, many users do not know https://dappradar.com/ and this site may not include some of the new Scam apps on its list,as far as I understand the rating is formed from reviews.
Checking out dappradar you can really say that there might be some scam apps being listed but the question why would you go into the last ranking if theres top one? Big chances or those who are on top would be
legit ones if you do based on user and volume of ETH involved.

Right on point. Usually, the top ones are the legit ones.
But, still you need to do your own due diligence.
Reviews/comments are just your guide to dig more about the project.
You really can't tell if those ratings are really valid. Who made those reviews, where those ratings come from?
It's hard to trust those ratings because in reality sometimes, their performance is the opposite.
So, read and do your research regarding the project, if you really want to invest.
Zarfund
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September 15, 2018, 07:15:38 AM
 #10

for me it's hard to define

Learn to study them. You can see commets in Dapps
centimentalking
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September 15, 2018, 08:08:19 AM
 #11

for me it's hard to define
Its not hard to find out if the dapps are scammed or not.The best thing is gaing information about it read comments what people are saying about it and getting review from different plat form also most of them are paid reviews to attract people so search more until you get 100% improvement from your side
BlockTreeClub
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September 15, 2018, 01:23:23 PM
 #12

There's no way to be sure. But if you can read solidarity or know someone who has, then there are some things you can look for:

Does the code fulfill the promises made in the whitepaper (such as having a vesting period)?

Is the code modifiable?

Is there a product/market fit or is it just cool?

Do any of the major stakeholders in an app make themselves publicly identifiable or are they all anonymous?





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September 17, 2018, 06:20:31 AM
 #13

for me it's hard to define
I my self do the same i never trust to anyone before getting information and reviews.Dappradar is a site where you can find a lot of scammers list they update every day so it can helps you too.
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