When Do you realize a Crypto project is scam or Fraud?

[oseikuf44]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

[1715444270]

1715444270

[1715444270]

1715444270

[1715444270]

1715444270

[Stake13]

Ofcourse, you can immediately know that the said project was a scam or fraud by its unusual way of running it and its platforms are unclear just like its promises to its holders. You can also make a research about the project so you are about to get informed or be warned that your target project is just a scam so your time won't be wasted. I can recommend you some project that works really well like Dencoin, Bitcoin and the Ethereum.

[samcrypto]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

Maybe if they keep promising for almost two years now and yet their coin has still no value. If its a bounty token then you can’t do anything aside from waiting but if there’s no progress at all then you have to forget about that token because its useless to keep asking about the exchange listing. If they stopped communicatin then its a clear sign of a scam or failed project.

[Psynthax]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

If that was running by an unreputable person, I will only trust a platform that tries to develop a platform that makes sense. You should read the concept and think about the possibility of it. If you feel a little bit difficult to determine it and then i suggest you to try to use icodrop as your reference because that's having a big community that was putting high criteria to put ico into the icodrop list.

[triangles]

from my experience I usually see from their roadmap if it is not as planned, I will try to ask the team directly sometimes they have funny reasons for example to register to the exchange the reason most often found is they are waiting for good market conditions, and after good market conditions the project still does not implement it and it has been 100% scam and can also be seen from their community on social media whether it contains genuine people or fake people because I am often deceived by the number of people in their community, differentiating fake and genuine people from their activities in the community if you are quiet of questions or chat you must be vigilant

[TimeTeller]

from my experience I usually see from their roadmap if it is not as planned, I will try to ask the team directly sometimes they have funny reasons for example to register to the exchange the reason most often found is they are waiting for good market conditions, and after good market conditions the project still does not implement it and it has been 100% scam and can also be seen from their community on social media whether it contains genuine people or fake people because I am often deceived by the number of people in their community, differentiating fake and genuine people from their activities in the community if you are quiet of questions or chat you must be vigilant

To add also, most of the crap projects have generic content of roadmap, whereas, the authentic ones have detailed items listed on their roadmap.
You can also see how each item is being completed. And they have straightforward answers when you try to inquire about those items.
Also, you can see their company registration on their website itself if they are running legit or you can look for it on their wp.

[chenille]

Check out their team and their education in blockchain related work. Directly after that I would ckeck their experience and knowledge of past (crypto) projects. A knowlegeable team will deal well with different complications if they occur. Crypto is full of arising problems and a team without knowledge won' have a chance to survive.
Of course, you'll also be able to find out if the team is a fake team when you compare their pictures in google (upload). The worst scams use stock photos as team pictures.

[tabas]

First, I have never invested to any ICO but I'm very much seeing those complains and factors that's related to this.

How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ?

If the promises they have made weren't fulfilled it's already a sign that they are into something unless they have valid proof for that delay. If no support team is interacting with their people then it's another bad sign.

or you wait for years thinking all will be well ?

This is crazy, ICOs won't take that long unless they're real projects that has need long planning and development.

[coin-investor]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

It's very important to trade all the sign that they are going to run away, the earliest possible time, always check the team if they are real, the whitepaper if they are a copy cat from another project, and the platform if it is really working and of course communication.

[dark08]

First thing you need to do for picking a good project is their concept most ico that introduced in the market have a same concept but not all of them are legit thats you you shoud consider which people behid this project if its reputable or fake person.
I also read first the white paper but most scam ico have a good white paper in that case you need tobe careful check the website if its low design then its a sign.

[tsaroz]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

A scam project would not reveal it's team members or set up fake members. They won't come into a video or conference and doesn't give an interview.
They won't attend any conference or reveal their KYC. Scam project generally copy paste others whitepaper. They provide no transparency on the amount of funds raised and keep on extending the funding period.

[zero714309]

If the team stop to communication and always lies about their plan in the future (listed in exchanger etc) in their community. From my experience good project always keep their promise and always open to their community about their plan or how far project going on.

[monineklutak]

I think when they stop being enthusiastic about giving positive news and some optimism then I see that the project has deteriorated or started to lose direction but we cannot say that the project will die or fail because there are some who can rise after they fall

[Litzki1990]

In my case i will always look at their content, planned of their project, the background of the team and if they have more followers from their social media and most of the time the scam project they allocating big allocation and sometimes they always extend their sale and that is probably scam project.

[lyks15]

On my own experienced I found out that I am already a fraud or scam victim when the time that project manager did not give any update to the project that you joined or invest and even the token or salary that you receive is already have no exchange site. I hope moderator will have something to do with that scam and I think regularizaion and legalization is the key to avoid that kind of problem.

[Shova]

For me every crypto project is a scam unless I find a solid proof of experienced and well know people and companies are working behind it.
ICOs from well established companies, startup of popular persons and individuals with proper experience makes a good crypto project.

[Handsome Boy]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

I would say the project is scam if the project has not progressed and is not in accordance with the roadmap or whitepaper of the project, besides that the team from the project is not active in providing information about project development.

[2tang]

I can't determine it because sometimes there are some projects that are deliberately silent because there are some requests or something or even questions that can disturb them on telegrams or other social media platforms
therefore sometimes there are people who deliberately keep quiet but still try to run their projects in their own way and some of them finally succeed because of that I find it difficult to determine which ones are bad and which ones are good just because of that

[smyslov]

At a point the team start given excuses to abide by what they promised to do or stop communicating with the community then I can sense the project is scam. How do you determine a project is gone bad and won't fulfil it promise? What criteria do you use ? or you wait for years thinking all will be well ?

If they are trying to be anonymous and do not show sign of transparency we can easily figure out that they have a plan to scam investors, this is the reason why it's important to talk to them in their telegram channel and they must have a youtube channel to explain about their project.

[uneng]

When I see they don't have support from social medias I tend to stay away because there are big chances it will fail. I mean when they have few followers, comments, views. Many of these projects don't have any consistency, they start full of expectations, but give up in the middle of the way, especially when they don't invest too much money on it or when the feedbacks and endorsements from community are less than expected.