what's behind the fraud project?

[Kemangi]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

[1715309861]

1715309861

[Korkorjkk]

Fraud projects are schemes to get money and run away with it. People have realized that cryptocurrencies are gaining so much popularity so a lot of people want to invest in it.

[betty11]

Fraudulent project managers have just 1 aim and the aim is to scam people of their money and go to Island and enjoy it, and when it's exhausted they create another scam project. That is only what they are good at.  

[hohuan101]

Fraudulent project managers have just 1 aim and the aim is to scam people of their money and go to Island and enjoy it, and when it's exhausted they create another scam project. That is only what they are good at.  

There are really good projects but they can't call capital because the market no longer believes in ICO, they have to let the project die.

[tsaroz]

It's not a big deal to realize fraudulent crypto fundraising projects are a organized crime. There are a number of people and groups that repeatedly come up with new projects just to take away the money of gullible investors. They are so used to it that the only thing that stops them creating new one is creating the logo. They even copy most of the infographics and text.

[mirgo1791]

to gains as much of use with token release on returns of funds on possession as those might turns with on on excessive as investors to lose of confidence as appealing business on crypto finance with the ico scheme.

[magnum cyber]

It's not a big deal to realize fraudulent crypto fundraising projects are a organized crime. There are a number of people and groups that repeatedly come up with new projects just to take away the money of gullible investors. They are so used to it that the only thing that stops them creating new one is creating the logo. They even copy most of the infographics and text.

Yes, right. I also often pay attention to such projects and most of them copy back the old project roadmap and change it back to make it look real. and most new users are people who are easily fooled by projects like that.

[prehisto]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.

 I dont agree on you that team is fraudulent, there are many very good projects which are working hard, developing their products and have products. The real problem with those legit projects is that in reality , the token is not needed, they dont need the token to make the product work. The token was needed to get the funds needed for their platform, the regular token model does not work. Project has to pay dividends , that would work BUT here is a huge drawback, dividends mean SEC and other law enforcement.

[Milamol]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

Do you mean the bounty manager? If so, then this is not always the case. A couple of times I came across the fact that the bounty manager stopped the bounty campaign ahead of schedule and announced fraud. Often the manager does not know about the intentions of the team.

The haircut of gullible investors has already turned into a conveyor of crypto-startups for this. And also, sometimes it seems that the project is created with a real idea, but then all or part of the team change their goals and act not in the best way for investors.

[WalkerIVIV]

It's not. but i will not put the manager as a party that must be blamed consider about the scammer will always use the fake identity and try to keep everything being private and that makes the manager feels so difficult to validate is that a trusted project or a scam project. As far as i know, a scammer can make a lot of scam projects.
Sometimes the manager is not even getting paid and to create an accusation to the manager to work together with the scammer is not a good idea.

[Ayiranorea]

There is no perfect definition for the term fraud project, because some projects are developed intentionally to scam the common people and run away. Same time there are projects that came with something unique, meanwhile due to the lack of funding and other issue gets lagging in development and some gets stopped. This way there are projects that go as a fraud one. These days people find it with ease the scam projects and going through the scam accusations section we can understand the projects which are scam and stay away.

[Indamuck]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

A lot of the projects being with good intentions but there isn't enough users for the price to rise. Even the "legit projects" have fallen over 80 percent in price including bitcoin.  Just goes to show how risky crypto investments are compared to stocks.

[DarkDays]

I think the great majority of projects found themselves with a heap of money and little to no business experience.

Plus, with no development experience, many project underestimated the challenges they would face ahead, and were unprepared to deal with development roadblocks, legal challenges and expansion.

This lead even projects with good intentions towards failure.

N.B. there were sh*t loads of outright scams too.

[key4co.in]

Another major reason why some projects end up dead aside fraud by team is the issue of mismanagement of funds and poor vesting. By mismanagement of funds, I mean team members not using the right strategies to run the project when it comes to funds allocation and also channelling funds wrongly especially for promotions. For instance, a project which barely crossed softcap during token sale paid many top influencers for promotion videos. This requires a lot of money and after much spending, there will be little amount left for other vital developments and listing on exchanges.

[Kezacky]

no one knows that the project will end up with fraud, but I think the main reason for the failure of the project is because the funds cannot reach the minimum stage like (softcup) on the other hand, the team's mistakes or the project advisors, they cannot manage the funds correctly, the advisers do not good at attracting investors while in the field. meanwhile the partner is a very important role in the project industry, because the greater the project partner, the investor will trust more with it.

[coin-investor]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

Yes that's what's really happening, scammers have found their way in the Cryptocurrency, after the inception of ICO, nonregulation, and decentralization, scammers are easy to get in, if you have the money you can make 1000% profit by stagging an ICO and faking everything, because these scammers can hire people to develop his ICO from freelancer market like Fiverr.

The only positive thing is we are forced to educate ourselves so we can trace these fraud projects and protect our funds.

[amrulshare]

I think that every cryptocurrency project is easier and faster in raising funds, even though their goal is not to make their own projects big but they only use crypto funds to invest in other cryptocurrency.

[Dewi Aries]

I think at first, bounty managers will filter project that good or not. And they really help us to keep give us information about the project. And from what i see, some bounty managers are on bounty hunter's side or maybe investors when they see the project not really work well. Like they will stop the bounty and tell bounty participants what actually happen with the project. About investors, maybe 2017-2018 must already make us know how to make decision when found project to invest. If afraid, just make it simple, trade on old coins that already listed in market.

[EmmaBen]

This can only be attributed to greed. Greed plays an important role in the crimes people commit. The urge to want it all is often times the bane of most people. There is no difference here, people set up scam projects mostly with the intentions of ripping others off. This inherent trait isn't going anywhere any time soon and it will continue to be so as long as mankind lives.

[coinswebid]

since 2018-2019 almost thousands of projects have ended in fraud and many tokens have died or no further development.
but I think there must be other reasons why the project ended in fraud, other than project funds were not collected according to the specified targets or project funds were taken by the team.

I assume that the developer and prize manager work together and intentionally promote fraud projects for investors. sorry no offense!

thats the main reason, we should know the team behind the project mate
because all kind of cryptocurrency project will fraud or not is depends on their team member