Iamlegit4sure (OP)
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September 06, 2018, 09:28:05 PM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
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cryptobae10
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September 06, 2018, 10:15:59 PM |
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Basically Back in those days website monitoring, whitepaper and social media for facts were spot on And even researches is easy
But recently after several frauds attempt, there is a need to be more active I engage the project team couple of technical questions
If they pass I invest It they fail I gamble on them often
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o_e_l_e_o
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September 06, 2018, 10:22:43 PM |
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Only their website. But how accurate and trustworthy can a website be? Head over to the Scam Accusations board to see just how many projects display fake teams and fake information on their websites. A flashy website can be built in an hour or two and be full of completely false information and pictures. As you mentioned, everything is easy to fake - Facebook, Twitter, Telegram, Reddit, Linkedin, etc. It is trivial to set up pages on all these sites and fill them with fake investors. Perhaps the best idea is to just stay away from ICOs altogether. The vast majority are scams or trash.
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Qiuyue201
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September 06, 2018, 10:35:58 PM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
They are using the service and look at there are some that have used similar design to their website and that was obviously if they are buying it from the same person. And website cna be considered as a good thing to judge how good the project is. I just try to pick up the project which has created the product.
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BADBITCH
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September 06, 2018, 11:17:39 PM |
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I don’t judge a token by the website project product or whitepaper
Because recently even scam projects have websites whitepaper and social media’s
I merely use instincts after monitoring few instances of chances Figure out your own method that works best for you Then you are safe
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bitvalak
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SecureShift.io | Crypto-Exchange
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September 06, 2018, 11:22:35 PM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
the website is not always the main benchmark for me to consider the project good or not. I prefer to rate projects through whitepapers. Because in the whitepaper clearly more info we can get
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batang_bitcoin
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September 06, 2018, 11:28:54 PM |
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It can be one of the basis because I've seen ICOs before that has a very poor and unprofessional website and that makes their ICO not so reliable. But its not new to us that also scammers knows how to create a very good and very well themed website to deceive investors.
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Troysen
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September 06, 2018, 11:32:51 PM |
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I think that discord is also a good platform to see how is the community of a currency, despite having spam, is much better to telegram because it is usually heavily moderate, the websites are important too because they are usually the first impression for many investors, but remember that the most important thing about a currency is the technical aspects.
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tippytoes
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September 06, 2018, 11:36:41 PM |
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Website will give you idea how capable they can deliver results but it's not the ultimate factor to consider the authenticity of the project. Many scammers can do a very sleek website yet there's nothing in it. Check for their whitepaper, source code, the team members involved or how far they in terms of their product's development. There are so much things to check for before investing your hard-earned money. Scammers can deceive you in so many forms.
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$$$sparkles$$$
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September 06, 2018, 11:40:35 PM |
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It is a factor to consider but not to be totally trusted. Anything on the web now a days can be easily made whether legit or not. It would most probably be safer to make reference with ICO trackers in order to get a better view since they do ratings on these projects. We can never be too certain about anything now a days especially those on the internet because of the multitude of scammers lurking around. So it will boil down to us making that ultimate decision of taking the risk or not.
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blackhawkeye1912
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September 06, 2018, 11:43:08 PM |
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Scammers nowadays are equipped with great minds to fake everything they needed just to attract investors. Scammers also setting up their plans like a regular whitepaper. Their roadmap to scam others is really well planned. So, don't rely on website, social media, and ico reviews. Better to do research of the team members and company, their connection with other companies.
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Smrt Contract
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September 06, 2018, 11:47:58 PM |
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It's the FIRST thing I judge them by but in a very "first date" sort of way.
I need have some level of comfort that a lot of effort and thought has been put into a website, whitepaper and the accompanying project but I would not invest unless I met someone on the team in person or at least had a conversation with them over the phone (e.g. "hey, send me your pro forma financials so I can take a look at them and maybe we can have a phonecall"). There are plenty of ICO's from local companies where I live so it's very conceivable that I can go to one of their investor presentations or meet them in person.
There is also a new trend towards "Security Token Offerings" that are securities law compliant and often have an offering memorandum or legal disclosure document that you can actually verify. I might invest in an STO just by looking at the website and then going through the KYC process as there is some level of comfort that the company is at least going through the legal process with a regulator (although the regulator does not judge the merits of the ICO).
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temilade200
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September 06, 2018, 11:53:50 PM |
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Well, website is still a good way to judge a good project, but do not depend outrightly on website. I have once participated in a project with very good website with good interface. It so much deceived so many investors to the point that they were carried away. Although, when i later read through the whitepaper, i discovered that it was more of ponzi than crypto. Well, there are times that the info you need to judge a project can be found on their website, but some can be very deceptive.
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Olalomi
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September 06, 2018, 11:54:47 PM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
Its Quite difficult this days to differentiate between the real tokens and Cryptos project and fake or scam ones they perfected all there advertising medium and deploy every others means just to deceive and scam unsuspecting investors viewing scam accusation.thread on this forum reveals a lot about them and that is why investing in ICOs these days is becoming difficult.
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npredtorch
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September 07, 2018, 12:03:07 AM |
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As for me, that's the second thing that I always checked in every project. My knowledge on web development/design gives me the advantage on understanding if they are reliable and isn't made just to scam.
If you'll ask me - the first factor should be the team composition.
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CryptoTamer
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September 07, 2018, 12:29:54 AM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
Any information available on the site must be checked if you want to find out the truth and to judge a product; you can judge it after using its product bro..
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Agozyen
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Until the end
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September 07, 2018, 12:58:49 AM |
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Pretty simple question. At the moment 99.999% of new coins tokens and crypto project all have a telegram group (full spam and bounty hunters) , a twitter account that only posts pre-made bullish news about their own coin, a subreddit with 20 subscribers and 5 bots, a Facebook page full of 3rd world country princes asking for your eth private key. What is left to judge a product? Only their website. But how accurate and trustworthy can a website be? White paper too aren't to be trusted, since 90% of the time they get changed work-in-progress.
What metrics do you use?
First off their 'team' has to be well known and have active social media profiles. I read and click through the website looking for any odd or incorrect grammar and misspelled words. See if they are on LinkedIN or facebook too. I check the Whois information of the website too. Copy sections of the text on the website and google it. See if it comes up anywhere else. If you find the same exact description on another project it's a guaranteed scam. If you do the above you will get an idea of the potential worthiness of a given project. At least this is what I do.
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jessyj48
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September 07, 2018, 01:19:15 AM |
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I've seen fake websites ,for ICO and altcoins ,some will promise to update the website on the long run but they will vanish in thin air ,cheaper websites looks crappy and its the easiest to build ,I always stay away whenever I see one .
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libert19
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September 07, 2018, 02:23:28 AM |
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Yes, It does matter to some extent. But, I focus on telegram more. The way admins react to questions, the way their pinned message is written.
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kokrokok
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September 07, 2018, 02:38:53 AM |
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yes of course I also see the appearance of the website and I also see [secure] in the website view, if everything looks very good then I will go to the whitepaper and see the team on the project
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