Be careful of strange projects

[InGODweTrast3]

I start see a lot of scam last time, it about projects, teams, currencies, ICOs. I think now very difficult situation with cheating for all cryptocommunity, hope soon it will be possible to change, waiting..

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[bartusv]

We have to make our research before investing and monitor the project . It is better to join a bit later but make sure
that there is an active team which will deliver on their promises. Still, there is no guarantee that they will not scam us
in later phase of the project.

[Smitt]

Maybe we need to analyze each project from the factors of teams, references, partners, and advisors who play an important role in the project. Scammers happen everywhere and its hard to predict, for example Tokenpay. Their team moves well, their sales are very good and they have good prices at the beginning of entering the market but they dont pay bounty hunters for various reasons. Of course, we can judge that every ICO project is a scam, and we must be careful to invest in any project.

[Emilyp]

It's sad how some people are trying hard to undermine what some crypto based projects are trying to achieve by hiding behind them to defraud people. We should be very careful with anything that looks suspicious, if it's not the real thing it is not.

[AgentZero23]

Indeed a great reminder especially for the new members. Many ICO's keep popping everyday and selling their ideas and want to raise some money with no actual product. Investors now are more cautious in their investment they don't want to be victim with the likes of bitconnect and etc. Smart investors would invest in regulated ICO's so that they have peace of mind.

[AltcoinsBattle]

To strange projects at once not. Moreover, buying during an ICO is a waste of money. Now is the time to choose among the assets traded on the exchange. Even in this case there is a big risk to buy a scam coin.

[BitDane]

Thank you for this reminder and warning especially for new investors.

I think you should state your information in detail why we should be very careful with those projects that were mentioned. What are your proofs that you are certain with such accusation and what are the links that these projects have also a thread of complaints about it that will really prove that they are fraudulent?

[abojamal]

The fact that the distinction between the real project and the scam has become somewhat difficult
Some scammers do a good job writing the project
But in the end, investors should be cautious and make a great effort to identify projects.

[Saint1990]

Finally ethereum classic vision hardfork is turned out to be scam & they required private keys of peoples who wanted to take advantage of hard forked Coin ECTV but sadly some they may have fallen into their hands & could have lost his or her existing ETH or other token by giving private keys. Thanks Op for creating this post to make BTT members vigilant.

[playboy654]

The fact that the distinction between the real project and the scam has become somewhat difficult
Some scammers do a good job writing the project
But in the end, investors should be cautious and make a great effort to identify projects.

We are easily get into the project like that you are getting into scams projects very easily but the effect that give to you is more dangerous for our whole journey in cryptocurrency field so be aware of strange projects will be very important to teach for all the people.

[bartusv]

They are playing on the new comers to the crypto space and those who just investing in something new
without checking anything. This is not good for crypto overall. We have to be cautious, scam everywhere

[Kelvinikke]

Thanks for the heads up mate the crypto community is full of scam projects and many crypto enthusiasts have been scammed with these projects. It is better to do your due diligence before investing into any project or even participating in bounty campaign.

[kiansantan]

It is not surprising to me that after Ethereum's hard work delay, criminals will make fraudulent attempts. So be careful with the next fraudulent coin ... This currency is made only to mislead new users and generate hype around hardworking Ethereum.

[Innocant]

Yes that's true they have now so many strange project that using some name of the popular coins in the market. Im also victim of that kind of project so many time and till the end of the project they are started gone and not paying us of our work.

in few days ago we see projects that has same name with ethereum and ethereum classic,but unfortunately this projects seems scam.and we have to becarefull with this kind of project.

I'm participated also in that etherium classic but the spreadsheet and the site are gone so fast on when the bounty will end. So must better do not participate to those campaign manager that have low rank account.

[therhslv]

It was always like that . Last year popular was ''e'' name like eBTC , eNEO , BlueEther and so on . People where buying tokens to get rich quick . Some of the projects are still alive , but most of them are really pump and dump . There is nothing we can do , everyone can create token and list in on etherdelta / forkdelta and pump it . People will see its green and start to buy =] then the dump comes next .

[Prettymie]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

Thanks for sharing this important reminder to everyone who wants to invest on those coins. I hope that all of us will learned the lesson of those many scammed projects that being exposed last year and be aware that many existing projects were hiding their real identity and they will run away with our money. Indeed, we should not invest or promote without our proper research on those project.

[isen]

The world of cryptocurrency is very dangerous. That is why I try to always be very careful. I am very picky about new projects.

The world of cryptocurrency is full of surprises and perspectives, and also dangers and traps. Every day we are becoming smarter, the market is evolving and evolving, in a place with it both the good and the bad sides of the crypto market develop.

[jimmymagz_071988]

Guys, it have come to my notice that some criminal minded guys are busy creating tokens and using it to defraud people, example of those tokens are *ripple classic,stellar classic, eos classic*, becareful guys and don't fall victim to their sweet mouth, they are busy listing them  in almost exchanges and using that to brainwash guy.... Becareful and guard ur money like ur whole life depends on it

This current days we all see that market not stable in price and the worst is favor for falling down. We always the victim promote by scammer ruins on those investor doing investment in fake ICO, so we should be carefull on those unfamiliar project so we can be trapped again by the scammers.

[saminnala]

More often, fraudsters, in addition to creating coins with a similar name, use other schemes. For example, very often, during an ICO, they send me offers with the opportunity to buy coins at a huge discount or write to me - you are on the white list and can participate in the purchase of coins, for this, transfer your money to the specified wallet. In general, the essence of my message is that you should be vigilant and recheck everything several times.

[Jpti]

It is always advisable for potential investors before going for a project. As the market is crammed with numerous projects, new and old, fake and genuine, investors should be mindful of scams beforehand. There is always a concern that fake projects are cheating investors. All should be alert not only investors in this regard. Especially regulators should focus on it.