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

[TIDOVEE]

i have been a victim of those scam project, it is so annoying, waste of energy, time and resources. i struggled to with the project manager until the project totally became silent. some of those projects were not actually planned to be scam but inability to meet up with the set/ targeted cap, so they escape.

[iqlimasyadiqa]

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 always analyze as well as possible, I will collect various existing data. Scam projects usually start to be indicated with unclear data, so please ensure that we can make a good analysis so that we have the opportunity to be able to get success. Never be lazy to do analysis because when we do the wrong analysis we will get a failure.

[labilaab]

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 ?

Obviusly when there is no update to the project anymore in the telegram and in their mediums or means of social interacting sites.

[newgal2017]

No I won't wait for years if I haven't seen the team doing any progress no matter how small or big the progress, a progress is still a progress. Well if the project is a scam you'll probably experiencing these.

- Problem with the project
- Having an internal problem such as team members etc.
- Waiting for them to a bullish market
- No updates
- No progress
- No respond from any of them

Well there's a lot or most of them really are scams and frauds who really wants a profit and they didn't do it in a right way.

[pushups44]

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 signs a project is a scam. Among them are fake profiles or claims of partnerships, a plagiarized whitepaper or other material, scamming bounty hunters, and the sudden disappearing of a social media presence or website.

[joshua123]

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 ?

Honestly I hate the style of some project who are very active on their time of ICO and presale but when the time comes and the project must response already in the community. They are gone just like a wind, and not responded on every inquiry. Clearly this can be categorized as criteria for a scam. Dont ever joined campaign which lack active communication cause this is the bridge for investors and the project to see uptodate news on their project.

[antsam]

ICO is always extended, communication on telegram accounts is always slow and quiet, minimal and even no updates on their social media. The market is not available for these tokens or coins, not on time according to the roadmap. I think if you have found the characteristics of a project like this it will end in a scam

[CryptoBry]

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 fulfill it promise? What criteria do you use ? Or you wait for years thinking all will be well?

When accusations of frauds are starting to leak into forums and social media...that can mean to me that there can be something wrong. Now, a good project can still be accused of being fake but how the people behind it will respond can be telling us about its real intent. Usually, if there is smoke there is fire - may not be in all cases but most are. When a project is using fake profiles of its leaders then most likely it is a big scam. When the project is just plagiarizing content from other projects most likely the project is just another scam. In other words, when the project is not honest and is making so many shortcuts then mostly likely it will just fly with the money when the crowdfunding is over.

[michellee]

The easy way to know or realize if a crypto project was scam or fraud is by knowing they are leaving the project without giving any information or they abandon the project. That will be a big sign for us that they are running with the investor's money and they never come back in the future. But if they start the project in the first time, it will difficult to know that if they will scam us or not, and we only know after it's running for a few weeks or months.

[ryan992]

Of course, 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.

[Aalu]

I come to know about a fake or scam project when I am scammed. It will be really difficult to know a project is a scam beforehand. Otherwise the people would not have been scammed out of millions of rupees and no regulation would be required. There is increasing incidents of scams and this peaks when price of coins is going up. Something should be done immediately to curb scams. 

[joromz1226]

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 ?

You will realize that the project is scam if they always hyped their community, then if they didn't fulfill their due date of the project. If the project give announcement to extend their ico more than twice, in that way that project for me was a scam they are doing something fishy and hiding to their community as well, and will not active to their telegram, neither in the forum too.

[Red-Apple]

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.

by that time it is already too late!

my criteria is when a project has one of these:
1. a premine of any size. this can be actual obvious premine or shadow premines which they try to hide it which is even worse.
2. any type of fund raising including but not limited to ICOs, IEOs, STOs,... because any project that asks for money up front is planning to take the money and abandon the project without an exception.
3. lack of innovation. a new cryptocurrency needs to be stand alone, NOT a copy of another project and it has to have some new innovative features in it. if it is rehashing the same ideas then it is planning to fail and run away.

[Sacramentus]

I do realize when I start seeing foul play from the team or no too much activity from them. Although no much activity isn't really that relevant as most project can actually be working without activities on their socials. But as you said, when they start giving too many excuses

[Indrawan77]

Its important to detect the sign early don't wait until years and then you realise, at that point its already too late, the first thing to do is to read the whitepaper to see the roadmap and see how the progress match with the roadmap and then see does the roadmap make sense or not, then see their website, is it design professionally or not, last thing, keep on communicating with their team, asked a detail question, if they can't answer well, then its better to avoid the project, its either a scam project or a bad project

[tonyvo2017]

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 ?

most of such projects are now back. They really feel troublesome when investors always ask to pay tokens and so do bounty hunters. If the IEO did not start, I think those ICO projects were silent and kept our money.
Currently you only need to invest in IEO projects. those projects are moderated by exchange before deciding whether to support the project or not.

[mitchr4]

The ICO's reputation is currently very bad because of the widespread fraud. Don't easily believe how good the project is with no pay attention for the background of the project team. Abandoned projects, they are only active at the beginning of promoting the project so they can carry away the money from the sale.

[Pamadar]

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 ?

You will realize that the project is scam if they always hyped their community, then if they didn't fulfill their due date of the project. If the project give announcement to extend their ico more than twice, in that way that project for me was a scam they are doing something fishy and hiding to their community as well, and will not active to their telegram, neither in the forum too.

Project that keep giving promises but there's no realization from what they are doing, you have to be more selective and check the potentials,
there's always good things to happened when you fully analyze those projects to invest your money and your time.

[DainSLane]

I realize if the crypto project is scam if they keep on promises to their supporters and did not fulfill their promises and they keep on excuses and most of the admins are not active in their social media because they already leave the project.

[coinporch]

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 ?

simple when the developments stopped and no active dev team in their forum, such as telegram group, or others
and for sure i will stay away from all project with no active development for very long time buddy