be careful with projects that offer you great prizes, that is not a guarantee of

[Starfranko]

Under this harsh economic ecosystem why would anyone one promise returns that are out of the ordinary. I think only the gullible ones usually fall for such economic gimmick

[1714819883]

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[Starfranko]

Folks should look before they leap if they don't wanna fall prey to some predator who make promises they cannot fulfil.

[Starfranko]

Re they still projects that make such humongous promises. Considering the downturn in the crypto-currencies market unrealistic promises this day is usually easy to detect

[Starfranko]

In order not to fall prey to some scammers either unrealistic and near impossible rewards I usually do due diligence and research but I get involved with any projects. It helps

[Starfranko]

Maybe folders should pay more attention to the white paper of projects. There you would who is behind it, their antecedents , whether they can pull the promised reward through with respect to what they have done before

[Drai]

In other words, people should stay away from projects that looks too good to be true, I have never been a big fan of projects that promise bug returns but one thing people still tend to fall for is projects that promises dividends for holding their tokens but if you study most of this projects, you would notice that their prices in exchanges fall so much and those holding the tokens would already be losing even though they are collecting dividends. Avoid Greed and bear in mind that Cryptocurrency investments are highly risky investments and you would be ok.

[zeze18]

yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.

We cannot equalize all the project that claims will give lot of profits means the project will scam. We can see the IEO project from binance launchpad, it is not growing 10x times in six month. Even it's instantly 10x price right after the IEO ends. Good project that has a good future are promising in cryptocurrency era, but good project are few. That's the challenge for us investors to make a good choice what project that will make profits for us

[Visbay]

Currently, most new projects in the market that are conducting IEO and ICO are just here to raise some money and leave the project to die at price then blame it on bounty hunters or bearish market. Any project that guarantees a good price after IEO or ICO is most likely a scam, all that did that in the past are all dead.

Yes, it is important to make analyzation before using any project I know there are so many projects that we can use to gain money by crypto but never trust anyone without making research. New projects are less trusted than the old because for all investors it’s good to be with old projects that people used for years.

[ufaiz50]

You have just been scammed by such a project? In 2014 I was also scammed in projects and ponzi system. It is a meaningful experience for me, so that in other times when I invest I am more careful. There are still many users who are scammed by promising huge profits, new users and lazy to find information is a factor why scam systems like this still exist.

[joseyphil82]

Too much of presale bonus is a red flag, offers that are too good are bad generally, this is something you need to deal with mentally, if you are too greedy you will keep falling for temptations its as simple as that, go for reasonable bonuses instead, they have better plans

[Colt81]

You have just been scammed by such a project? In 2014 I was also scammed in projects and ponzi system. It is a meaningful experience for me, so that in other times when I invest I am more careful. There are still many users who are scammed by promising huge profits, new users and lazy to find information is a factor why scam systems like this still exist.

It doesn't mean that the projects offers great prizes and promised you that you could earn huge profits from it, it can already be considered a legitimate project. In my own opinion, most projects who do things to attract investors or people that are too good to be true are mostly scams, that is why you should avoid this kinds of scams and click baits for you not to be harmed.

[reality18]

More often than not, most of the scam or fraud projects go by this trend. They offer enticing rewards and bonuses to their investors in order to lure them to the scam trap. This is why investors must be very cautious on projects that go by this trend because these bonuses are not the guarantee to the success or authenticity of the project.

[royalfestus]

There are new red flags that came from experience of ICO failure last year. :
1. high capitalization
2. excessive reward
3. some project idea, this can be out of experience
4. team members with history of scam project
5. sometimes small team members can be suspicious and too active CEO in advert.  
ICO is a no go area especially for projects with unknown institution backing

[justdimin]

There are lots of good projects that will offer great prices but that shouldn't be the first thing to consider. Before joining any project you should check how legit the project is and whether they are saying the truth. You should get to know the team, and check out their handles on social media. If they claim not to have any social media account then there is no need going for it, because it's likely to be a scam.

A legit project has a team that is active on social media, and when you check their activities it will show you that they have been around for a long time posting and updating people about their project. If you check most scam project their team doesn't have anything to show for it, and their profiles are always created newly.

[Ryan Dugan]

You need to ask yourselves why they need to offer such prizes to get people to invest. The classic thing to do will launch an ICO and sell the tokens in stages each time costing a little more. This creates urgency to act quickly. A project's success has nothing to do with its promises.

[093421231@hunter]

I agree with your comments. In the electronic market, more and more fraud, there is no guarantee of your financial. The big reward can be a good bait to lure you, and sometimes that money doesn't mean anything.

[jets567]

Offering big returns after the token sale is one of the marketing strategies from start-up projects to attract their investors that sometimes backfired the project owners because they could not keep thier promise. Being greedy is the main problem here because developers knew that investors are only looking for profits and do not care about the project itself that is why they keep doing this bad practices.

[cudora]

Generally speaking, there is no guarantee that a project will achieve something, especially when devs are giving away a lot of tokens. In the most cases, such projects are failing to achieve the cap or dying because of the price dump.

[Zionatin]

This has been going on for a long time especially with this get paid to programs. You often just earn gift cards since it is easy to send digitally. Now with the help of crypto, you can use bitcoin.
Gift cards are by no means anywhere nearly as useless as a currency that can be spent anywhere.

Generally speaking, there is no guarantee that a project will achieve something, especially when devs are giving away a lot of tokens. In the most cases, such projects are failing to achieve the cap or dying because of the price dump.

I don't think giving away tokens is a bad thing as long as they don't go overboard with it and ruin the currency. They can be very good for exposure. You are going to need to spend currency to get advertising anyway so why not give it directly to the supporters?

[MUG1WARA]

I agree with you because projects that offer great rewards do not last long. many of them only throw away when it has gained a lot of benefits and not just bitcoinnect but there are still some others. doing much analysis is far better than being tempted by their promise