dearbesz1219
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September 06, 2019, 12:39:59 PM |
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People still think that cryptocurrency startup projects are transparent because they developing a new blockchain technology. Of course that they live in ilusion and they need to invest into many scam ICOs to understand how to choose the best projects. Without failure there is no success.
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masterusd
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September 06, 2019, 01:11:10 PM |
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Check the project carefully, the idea behind the project, be sure it is new, or at least solve problems. If you think the project is good Invest in IEO only why? All exchanges to run IEO should ask the team to pass KYC, team should provide there ids for that, at least founders should provide IDs.
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With MUSD No risk any more. https://bitcointalk.org/index.php?topic=5181949.0
The investors are protected.
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nakata121
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September 06, 2019, 02:20:52 PM |
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We can see how the team can be directly involved in their projects through social media, Facebook, LinkedIn or Twitter, I think in modern times like this it is certainly straightforward to access someone's information via the internet, if on social media alone, they not do promotions the project, of course they are a fake team and the project uses only their photos.
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coaprotet
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September 07, 2019, 09:27:25 AM |
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I need to know the team before I invest in any project. They should have social media accounts and public releases published in major media like yahoo finance, forbes or something like that. Furthermore, they should have a detailed plan and keep the community updated.
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RealMalatesta
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September 07, 2019, 02:43:49 PM |
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It would still be easy to identify them even if they hire all those people or homeless people you talk, the best way to catch a thief is through the LinkedIn, if they hire an homeless person, it means their linked in will be new, a good team must have been an active person in a business line, and from their profile you should be able to know, form the year and from some research you make on the google page, it should point you to knowing which project is doing some certain thing at that particular time.
I think it is high time we ignore team that do not want to show their identity to even their video, project team right now needs to really go to the length of showing their face to the public and even the location of the said project if they are really true.
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Kezacky
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September 07, 2019, 07:35:13 PM |
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First, make sure that the team is really real and you can browse through the channels available in the project's bounty thread or make a video call about the face and whereabouts of the company and it's important to research on the Google site too. now many cases of fraud using another project whitepaper, the scamers change several copies to make it look real.
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Shallow
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September 07, 2019, 08:55:44 PM |
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If the project is a scam, it would be really silly of its team to show their true identities. In most cases, they just find some pics online and use them as the images of their “Chief Financial Officers” or “advisors,” as was seen in Empire Card who used a picture of French actress Sabine de Poncins, little known outside of France, as the portrait of their proud imaginary CEO Patricia Harrison. There have even been reports of Ryan Gosling “working” for a project as a designer under a completely different name. Some scammers are, however, way more intricate. They know it’s quite easy to reveal a fake pic so they just hire people to pose as their CEOs, CFOs, and so forth. Rumor has it that certain scammers even pay homeless people to pretend they’re leading a disruptive startup to a bright and radiant future. This fraud is much harder to call out, but at least those guys help homeless people in some way, so here’s your silver lining.
Identifying the genuineness of a project team is one of the diffcult things in this space, in time past there were projects whose team was hidden but they didn't scam investors but nowadays any project whose team is hidden gives a second thought. Nevertheless, i think the best place to get started is through social media to track their online presence and to know a little about them; Google can also help to break down the search. Thereby, with the results from the search, link it to the idea they are trying to create and see if it adds up.
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Cryptrx
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September 07, 2019, 09:06:43 PM |
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Real pictures of core team members. Also when a project starts doing AMA that's video covered I regard them as being real team. A physical office where people can visit is another method of know which project isn't fake.
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asajapheth
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September 07, 2019, 09:10:48 PM |
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As you mentioned, looking into the team members is important. You may easily identify a goof, it is a fraudulent project. The way funds are used could also be examine. Although one shouldn't expect the get every information on funding and spending of the startup. One have to know that startups are not liquid or entirely transparent with money. If it were, it would be publicly traded stocks. It's not a problem with it though, private money is fundamentally different from public money. You shouldn't expect everything to be available as such structure could easily be replicated. And most founders are scared of that.
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rdewilde
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September 07, 2019, 09:25:21 PM |
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Most team always have a good social media accounts, starting with LinkedIn which is duly updates with their experiences and qualifications so far. Thus if a team finds it hard relating such to the community then something is wrong. Also, study the whitepaper, pick strategic questions and ask the team to see their reactions, in certian cases the team either removes the user or ignores the question. Also, another way it through AMA.
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key4co.in
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September 07, 2019, 09:38:18 PM |
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It's very difficult to know a real team considering the high level of imposters out there. LinkedIn profiles help a lot but can't really be 100% accurate in helping identify fake team members. Normally, I believe a team more when they do video AMAs on YouTube, although this doesn't even guarantee that the project is legit.
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jacafbiz
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September 07, 2019, 10:11:37 PM |
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This is a difficult thing to do, just do not invest more than you are willing to lose, most of these developers started with good intentions but when they raised funds, they tuned to something else, I just feel there should be a change in the way these guys gain access to the funds, release the fund in trenches, since hey do have roadmaps, once a major roadmap has been met, release funds to them.Never trust anybody in the space, never.
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tanjiran
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September 07, 2019, 10:36:08 PM |
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This is a difficult thing to do, just do not invest more than you are willing to lose, most of these developers started with good intentions but when they raised funds, they tuned to something else, I just feel there should be a change in the way these guys gain access to the funds, release the fund in trenches, since hey do have roadmaps, once a major roadmap has been met, release funds to them.Never trust anybody in the space, never.
It is quite difficult, but we can still try to investigate through the social media profile of the development team. The fake team, usually seen from their social media activities, new accounts with low activity, do not match the field they are working on. It will be more easily seen if using or faking someone else's account. The safest way is to never invest more than you can afford to lose.
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Classica35
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September 07, 2019, 10:39:49 PM |
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That reminds me of a particular video I saw sometimes ago. The person posing as the CEO was a female and it appeared that she was reading directly from a paper given to her. To my amazement, she was not also good at speaking English. That shows how foolish the scammers were. Although, they might have been able to scam some noobs, which of course sometimes, it's inevitable.
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Distinctin
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September 07, 2019, 10:48:31 PM |
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Avoid projects that are not transparent with their team including using anonymous on their website. or the use of cartoons in Team I think is bad and can not be trusted. The team must be active in several social media and they have clear identities such as linkedin.
Not all of them being transparent looks trusted, some of the scammers use others identity which it looks open and traceable even we search it on the internet. We should not be confident of this transparency, we need to spend more time searching and do have time to reviews feedbacks. Remember that we are in the internet era, we can make some things impossible to possible, do the editing job and copy others personal details. This it has that we can't guarantee, yet we need also to give some trust with them and that is why crypto investment is a risky thing.
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pixie85
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September 07, 2019, 10:57:25 PM |
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If the project uses fake pictures of team members it usually shows they are ready to fake much more than just pictures. When pictures don't match the rest also doesn't. The location of their office is faked, the team is shown as much bigger than it really is and half of the members are ghosts. Sometimes they even claim to have a registered company somewhere and it's a lie or it's a cheap UK company that you can start online for a few pounds.
If you find some lies on their websites or in their threads don't invest. It's better not to include some information than lie.
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mihtju
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September 07, 2019, 11:00:45 PM |
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I believe that if you look at the project team and you are worried about something, it is not a good sign. If they are not scammers, their identities should be revealed. What the video with conference with them, their personal pages in social networks. If the team is conscientious, it must have this data.
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nabilapimpo
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September 07, 2019, 11:19:56 PM |
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They must provide correct information and do not falsify data information. Many people say to identify a transparent team, must have real information. And some projects have been like this but also failed. So the right way to identify real projects is very difficult.
Scammers are also very clever they can find weaknesses of this business. I before joining the project, always I checked the active team on social media. If they are active and always provide information about the development of the project, I think it deserves to be followed.
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ryzaadit
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September 07, 2019, 11:54:48 PM |
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Just using "Search Image" on google went you feel the project was really weird. Its was really easy to catch a photo online, but if they using other real names + photo ask the person on that photo. You can that information on google example like their social media, and ask him did he involved in that project if not then its a scam. We got some case, went a scam project paying other people to use their photo for doing a scam ICO.
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dimastegar
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September 07, 2019, 11:59:35 PM |
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There is no sure way to look deeper into an ICO or IEO project team. What is clear is that we only need to review each development and progress they have achieved for their project through the social media they provide.
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