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

[kampretuser]

Based on my experience, the characteristics of a scam project are usually when the team does not develop their project and lack of marketing both online and offline. Then if they shut down the website and their social media i think it's clear if the project is a scam.

[bubislav]

What l mean that first, you must get about the projet some information. l suggest you best projects such as ETH, BTC, etc. For example, you were holding for ages, but there is no progress, don't keep holding it. l advise to sell it. Overall it doesn't seem useful. It is no exaggeration to say that, such this project is misleading and is not rewarding.

[kaseygriffin]

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 a project starts to show signs of fraud, they will abandon investors and questions on their telegram channel. they will not distribution on time or to dealine to distribution the bounty without a notice for the return date. there is even a project that offers thousands of reasons to cut down on the amount of bounty hunter payouts. I had a project after the end of the bounty, the amount I received was only one-twentieth the amount I deserved.

[shooleh]

The scam project doesn't have a clear concept and the website has a bad look. Don't be easily tempted by the enormous allocation of funds. Do a re-check especially on the Roadmap. It should work well with road maps and if not you need to be vigilant.

[94K]

Sometimes its quite difficult to detect a scam or fraud. The project may look authentic but may be scam. If background check isn't done well. I think scam projects have never had clear prospects and goals. They may even offer huge allocation of funds just to lure investors into the project.

[Krabby]

I always depend on the telegram group, or at least I check on the thread bounties. if there is no response at all from the bounty manager, I think the project is dead.

And what will happen if the project doesn't have a bounty? You check the project is really funny, You should read the white paper and check the project more carefully to give a valid comment

[Chicky213]

If any project want to exit scam the activities of the social media will reduce and the Community Managers will reduce the way they update news and most times appear rude. Such projects hardly have working products.

[thesmallgod]

From my own experience, you will start to notice the team do not provide update again on any of their social media pages. On telegram, the team will start ignoring some sensitive questions. Or give repeating answers on and on again. When you check on some of them you will realize they are not as active as they are before on telegram and finally you can confirm that you have been scam when suddenly their  official telegram page is deleted on name change to meaningless words. I have also seen where team joke and make fun of investors after scamming them

[jvdp]

Sometimes it is enough for me to read reviews or just documentation about a project.  This is his face.  The more transparent it is, the more likely it is that the project has a product and further growth.  Otherwise, he is just dead.

When you read their white paper at the time itself you can understand this project work is really helpful for the future crypto industry. If you find a such a project then you can close your eyes invest on that ICO.
Never get into IEO alone for good returns. Most of the people from trading only goes to IEO investment.

[Moshaid]

Firstly, some involves in continuous sale after ending the main sale which they first stated they will have. Then the team starts going offline for days or hours unlike the way they reply before the sale. Also some indulges in copying other whitepaper with no use case and if they start promising huge exchange lisitng before the sale shows how unreal they are.

[Ifychuks]

Once the communication between the project team and community members change to an ugly dimension or seem not the way it used to be, just watch, that project has another thing coming. Most scam projects seem nice at the beginning, through to their sales or fundraising but once that is done, there's a different tone.

[renault18turbo]

Do you really think that there is a way to determine for 100% which project is a scam and which is not? Sometimes a very good and strong project can become the worse scam you ever saw

[fvb]

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 ?

There are many criteria for analyzing and comparing projects, when you begin to seriously study all the nuances, then basically you immediately see what the platform is and what its success is in the future. It is equally important, what goals the creators pursue and how much they are involved, in the development of their ideas.  Because some projects simply copy others for enrichment and usually this is immediately apparent.  When you begin to read documents, for example, to write an article, you begin to understand where all this will lead.  Sometimes you just wonder and think that's it?

[Razerglass]

After making proper research I can understand the fraud possibility of any project. It is not easy nor hard to explain this but it is called experience, generally. Before the ICOs, there were unusual projects but after the discovery period, the ICO period scam projects spread in the online places. If a team doesn't apply the new updates to the project, I call this project scam. Experience is not a gift, everyone should go and take it.

[konflikkastil]

I predict project will scam when team continues to promise but can't keep it for months and price in market will continue to fall ... they promise and buy time just to benefit from some people

[aemma]

You are right with what you stated. When a project that had a successful sale starts giving excuses why they are yet to launch a reasonable service or product then something is wrong. There are many projects last year with that excuses and the funny thing is, till now they are yet to update the community on what they have actually achieved all this while.
A good project will always update its community with their progress while showing products and services achieved not giving excuses.

[ufaiz50]

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 doubt the project specification, first because I often read the whitepaper project so if there is a project that the whitepaper is weird it might be a scam. Then there is no detail like just who the developer and how much their investment (incongruity) might be scam. If the project often delays or is not in accordance with the roadmap schedule or other things that are determined, for me it is a scam because there are no good competencies in the project.

[gangem07]

It is hard to determine in the first place.Sometimes they have  a good team,whitepaper and roadmap and sometimes also crypto project become scam is the team behind it they cannot communicate with the community.

[Mianae]

When the internal team stops every link of communication with the community, secondly when there's a huge token withdrawal from the smart contract to exchanges for  exit dump.

[GeorgeMichael-III]

When there's scarce info about the team, huge locked up supply held off for the team, no vesting arrangement, whitepaper filled with buzzwords..