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Author Topic: how do you identify a transparent project team?  (Read 1170 times)
nicecrypto
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October 06, 2019, 04:09:35 AM
 #101

Honestly it is not that simple to tell this team are transparent but I guess with the teams level of communication with their community members can say to some extent how transparent they are,
Some team participate more in community discussions, very active to update members of their progress and what plans the have in future, etc.
I think this type of behavior in team members can describe the team transparency.
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October 06, 2019, 04:17:06 AM
 #102

When I got bad team we know from tread of bitcointalk and got many news in telegram channel, we know which one real or fake team data using. We need to know all of transparent project to identify which one scam or trust investing project for joining, you have ask for every one before joining an ICO or IEO.

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BitcoinPanther
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October 06, 2019, 08:39:35 AM
 #103

There is no proper way to identify a transparent project team. Because if a group of scammers use homeless people to disguise their own identity, there's no way we can identify their scam attempt.

There is but this somehow requires an extra work.  It is by checking their education background, work history and inquire to those institution.

You can't believe the advisors as well. Because in most cases, these advisors are paid hefty money by the project team just to feature their name in the team. In majority of the cases, the advisors themselves don't know much about the project! That's one of the many reasons why ICOs have lost their credibility very quickly and IEOs emerged! 

I agree to that 100%.
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October 06, 2019, 08:43:43 AM
 #104

For anyone said that we have to check the team background, we should have do more research on them or even chat with them deeper about the project.
Because if you just see their CV or Portofolio at linked.in or other website, it can be faked. There are so many project's team with fake linked in portofolio out there so, be careful of choosing project to invest
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October 06, 2019, 09:04:36 AM
 #105

For anyone said that we have to check the team background, we should have do more research on them or even chat with them deeper about the project.
Because if you just see their CV or Portofolio at linked.in or other website, it can be faked. There are so many project's team with fake linked in portofolio out there so, be careful of choosing project to invest
I've heard such a thing in the past, someone stealing a random person's photo and uses it for LinkedIn until someone contacted the respective person trough social media and get the confirmation that it's not him. If people want a more obvious transparency, just demand the developers to do some kind of interview which can't be faked in other word live interview and once they are showing their faces then you can judge whether it's a real person or not.
Otherwise, if the developers refuse to do so just don't believe them, we're talking about real money here so the credibility and trust is the most important factor.

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October 06, 2019, 09:09:01 AM
 #106

i dont know how to identify legit projects  . what i only do is that i based my decision on the feedbacks that i saw  . i search the project here and online and ill check if it has a positive feedback and i compare it with how much negative feedback it have  .  

i also look for the sponsored projects or the one that has an exclusive tag because i have a feeling that they are legit and thier budget is bigger than those unsponsored and common one's  but thats only my strategy  , you can follow it you want to  .
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October 06, 2019, 09:09:19 AM
 #107

Usually I see a transparent team from a new project as there is an AMA (Ask Me Anything) session. Because that's where investors can see the face of the developer directly, and the details of their concepts are clear. Their partner lists is taken into consideration. Because there is a partner, automatically the project is no joke. But, firstly looking for for further detail for it.



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vladimirhf
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October 06, 2019, 09:11:03 AM
Last edit: October 06, 2019, 10:17:15 AM by vladimirhf
 #108

For anyone said that we have to check the team background, we should have do more research on them or even chat with them deeper about the project.
Because if you just see their CV or Portofolio at linked.in or other website, it can be faked. There are so many project's team with fake linked in portofolio out there so, be careful of choosing project to invest

That's true, need to check as many sources as possible, academic papers, participation in events, press citations to confirm identities and experience. Every team needs experienced developers, if they have only marketers it's a red flag.
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October 06, 2019, 09:17:20 AM
 #109

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.

If the people are real, it's in their own interest to give every proof possible for it. Like interviews, live video amas, lot's of video about everything. Pics more interviews. If devs are clearly avoiding this, there's really no good reason for it. But that's just for made up identities or for identity thieves. There are numerous other ways for them to scam or fail miserably as well. (Envion case)

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October 07, 2019, 02:28:11 AM
 #110

In bitcointalk forum, there is a scam accusation board here : https://bitcointalk.org/index.php?board=83.0
You can check there, some bitcointalk members are busting the scammers who use other's peoples pictures as their team profile.
The scam accusation section is good to used, at least it is the first step to avoid investing on wrong project.

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October 07, 2019, 02:39:17 AM
 #111

For anyone said that we have to check the team background, we should have do more research on them or even chat with them deeper about the project.
Because if you just see their CV or Portofolio at linked.in or other website, it can be faked. There are so many project's team with fake linked in portofolio out there so, be careful of choosing project to invest

That's true, need to check as many sources as possible, academic papers, participation in events, press citations to confirm identities and experience. Every team needs experienced developers, if they have only marketers it's a red flag.
Full background check if possible to avoid those scam projects.
Most of the team in the ICO's are just buying information in the black market where they can use as their faces. It is easy to know if you do more researches about the project and especially to the team.

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October 07, 2019, 06:48:53 AM
 #112

no one knows how to determine it. Although they help people in the wrong way, I don't think it's good to do it.
and also investors who will invest their money may think that money can be used later for their needs and those of their families.
because not all investors have a lot of money sometimes they bet with the last money, hoping it will develop.
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October 07, 2019, 07:05:47 AM
 #113

In bitcointalk forum, there is a scam accusation board here : https://bitcointalk.org/index.php?board=83.0
You can check there, some bitcointalk members are busting the scammers who use other's peoples pictures as their team profile.
The scam accusation section is good to used, at least it is the first step to avoid investing on wrong project.

Agree, the thread can be a guide before deciding to invest. Legitimate projects certainly have a developer team that has social media and does not use someone else's photo. Besides, it usually has a partnership with a large well-known company.
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October 15, 2019, 08:00:32 AM
 #114

True, a very lively project that has a fake team is not transparent and only to get money from investors then the project is not taken care of and dead.
Usually, I see how they run his project roadmap as they write in the whitepaper.
Before becoming an investor, as good as his to do a video call with his team to let us know that they are real or fake.

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October 15, 2019, 08:28:10 AM
 #115

Transparent project looks with team and owner put real social media link like twitter, linkedin and Facebook. we check history of Facebook account is real and have made with ten years or social twitter account look active with promote their ICO, always check telegram channel ICO how many investor give good respond with  ICO is best solution for investing and check have any complain from investor with their ICO?

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October 15, 2019, 10:43:21 AM
 #116

In as much as it gets very hard to connect the dots with some projects especially one that i invested into sometime ago, your best shot is to seek out their experiences with previous projects. In addition, it's best to get close to their social profiles to get to know more about them. Lol i remember reading a scam report about TwoGap project and go to know one of the team members was into managing a restaurant. I can't authenticate the the legitimacy of the Report from Shitcoin Offering group but it was soo funny to read that Grin. Now not much is being done about this project and just like most ICOs, the price keep falling Sad

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October 15, 2019, 11:03:21 AM
 #117

Almost all teams use fake popular faces to gain much more advantage during ICOs I think the real teams behind most of the projects are totally different and the harsh fact is that you will never get to know these teams. Even those with faces generally deny their responsibility from such things so there is no way at all.
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October 15, 2019, 11:32:41 AM
 #118

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 .

A project can still use real image and be a scam. For example, Miracle Tele, had used real images and ended up scamming investors. True identities are no guarantee for a project not to scam. Some persons don't care about reputation, they really don't have any reputation to protect, theirs is to cash on the project. Check most of the ICO that bountyhives promoted, they collected money and when some manage to get listed, the token prices went dead and threw investors into debt.

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October 15, 2019, 11:40:01 AM
 #119

You can participate in projects where the team consists of personalities known to you or public figures. It seems to me very difficult to determine the development team is a scam or not.

It's really hard to find out the team profile is real or not since they can make a fake account on social media, even a social site like linked in have no validation about their user profile.
So many people got tricked by the the tracked record of the person on the team but that's all just fake
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October 15, 2019, 11:52:24 AM
 #120

Transparent project looks with team and owner put real social media link like twitter, linkedin and Facebook. we check history of Facebook account is real and have made with ten years or social twitter account look active with promote their ICO, always check telegram channel ICO how many investor give good respond with  ICO is best solution for investing and check have any complain from investor with their ICO?

Agree, a transparent project will definitely include its social media developer team. They might just be making social media, but I think the crypto community will find out. The track record of the developer team must be included. In addition, a realistic whitepaper and roadmap will provide a positive perception for investors

The project must be examined in detail if you want to invest so that you know about the project, starting from the real team, product offerings, viewing white papers, partnerships and most importantly in my view the team meeting and being published so that investors know that project development is indeed serious .

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