how to detect desperate Developers and scammers

[Kemarit]

and one more thing that must be considered. search on their linkedin and ask if he is connected to the ico project or not, usually they don't know. most fake teams bring smart people who are popular there, not only that we also have to see the project whether copas results or not.

The thing is, most newbies won't go that route to check every linkedin profiles and investigate the people behind and then they complain when the project pulls off a exit scam on them. That's why we really need to be careful specially today, because we are in a bearish market and every project legit or not are trying to raised funds here. You are lucky if you invested on a real project, but those, 90% of projects out there are really scams just we all be better watch out and do our due diligence.

[Lhaine]

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

hell forget about the project that has token sale those project will never be succesful even what ever they do they will failed at the end. they just promising thing to get investors and that was all.

[retnoanjani]

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

Indeed, many projects often take advantage of the popularity of big exchange to increase the popularity of their projects. Some are entirely aimed at deception, and new investors who do not understand cryptocurrency will certainly be easily affected. We should make sure in advance by asking the relevant exchange contact. Be a smart person, nothing is easy and instant, everything needs a process, not just luck.

[crzy]

and one more thing that must be considered. search on their linkedin and ask if he is connected to the ico project or not, usually they don't know. most fake teams bring smart people who are popular there, not only that we also have to see the project whether copas results or not.

Though linkedin is not a good basis but of course its good if the people you’re talking about is real. I do appreciate those people who gives the signal if the project is good or nor, if legit or not. We have to take care on buying during the ICO period, if you can wait for the exchange listing do it because its more safe and good.

[phillymogul]

Yes, these are good points. They are still being included in projects today.

I recently had a dev contact me and when I reviewed their offer document the promised/guaranteed returns were 250%.
They do not even have a working MVP. This is insane.
While it seems they believe in the project I could not agree to promote on faith.
Get more proof or raise private funds somehow.

Also when they want to "pay with a commission on my actual raised funds".
I say bye-bye to these "opportunities". 

[DabsPoorVersion]

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

Not agree with the fourth point because scam projects may not be get listed on big exchanges but shit projects can if they got enough funds to do that.

Scam projects wont spend a huge amount of money to enter a big exchange like binance, scammers go with not so popular exchanges and after listing, there wont be any volume in the market. Sometimes they are all just committing to be listed in some known exchanges but as the time goes by, nothing will gonna happen. until all their supporters will wait forever.

Once developers got money their goal is reached if their intention is only to make money so they will not spend any money on binance because listing fee is to high if OP not aware of it.

Thats correct, they dont bother spending any more money for their coin to enter any exchanges. Their goal is to make money for their own. They will just gonna run after receiving the monet.
The sad thing is its hard to detect those scammers, they can create a solid platform but they cant finish it because they are not even insterested in succeeding the project.

[FanEagle]

Giving away so much discount to their target investors and promising a big exchange.
This are the basic promise of those scam ICO, BUt that are just speculation.
We will always see those scammers at the end if their ICO.

Most people are very wise now not to allow this tactics of luring them with huge rewards to get them carried away again and I think scammers will need to be wiser again now to deal with the existing and new developers as they will not easily give up their money to all these cheap methods.

Most investors nowadays makes sure that they first do their thorough investigation on the project and one of the check is to run a very thorough background check on the team, if the team can be verified and found to be worthy of people’s investment, I believe that there is possibility of the project surviving in the future, and another criteria is to run analysis check on the choice of product also, and see if it is a product that is going to be really useful to the public at the end of its release.

[GGmith]

Yes, but right now the situation is different from the tips you shared above, but the main problem is that we also don't know whether the project will end up being fraudulent or not? due to the fact that every project launched on this forum seems valid or real, but I think the key to the success of the project depends on the performance of the developer and the team in managing the project.

[aysg76]

Giving away so much discount to their target investors and promising a big exchange.
This are the basic promise of those scam ICO, BUt that are just speculation.
We will always see those scammers at the end if their ICO.

True! Never invest in the project that gives discount on time basis. As soon as coin is listed on any exchange, early birds dump their coins and coin never recovers such dump.
However, it is wrong to say that such projects are scams, it is just that their marketing strategy is poor.
The easiest way to detect if project is scam is by looking at the team. It is easy to detect whether team is genuine or fake. Also previous experience of the team could be checked.

[dfktynby1004]

Such a project cannot be calculated if it follows all the trends. About fraud project can be to speak only later some time. You need to compare the actual actions with what is written in the roadmap. And then you can make the first conclusions about the project. Be sure to check the team and find out information about each member. It's very boring. But it will save you from being deceived.

[pant-79]

I am grateful for your tips! nd i noticed that indeed, those risk free statements seems no more than absurd. I wonder how they get rid of risks.

You cannot totally eliminate risks as its always present in every financial investment endeavour. But what we can do it to formulate avenues to mitigate risks. And the best way to begin is by getting informed and thankfully, the OP has helped us in that regard. Finally, always be prepared for that element of surprise because a dev or project may not show those signs in the beginning but might still end up as a scam. Eg; Sparkster

[princerepon]

1. Huge ROI in short period of term

Its a common scam thing "Return Scam Investment". Newbies and stupid investors are caught with chaff like this.

2. Risk free investments

Another common thing for scam. Investment have always tow face one profit another loss. So if any project tell about investor never going to face losses then it's probable a trap.

3. Assurance of what to come

Probable scammers try to sell their coin/token with using this strategy.

4. Big exchanges listing like binance

I don't think it's good point if it confirm from exchange. Otherwise it's better idea to stay way from it.

[dimonstration]

That's why sometimes its good to invest in projects that are already built or established, though there might be some project that we can give a chance depending on their idea, product and how they will promote it,  having a accurate plans and roadmap can bring success to them. I believe that even if they were not that successful in ICO or crowd-sourcing at least to have one or two companies that will support them through continuously updating and developing their system or product can attract more investors. I have seen bounties before that paused the bounty since there are private companies that support them then continue the bounty when the product is already out , simply to get more supporters. Good project ideas will soon be noticed by investors if its a quality project.

[Fredomago]

That's why sometimes its good to invest in projects that are already built or established, though there might be some project that we can give a chance depending on their idea, product and how they will promote it,  having a accurate plans and roadmap can bring success to them. I believe that even if they were not that successful in ICO or crowd-sourcing at least to have one or two companies that will support them through continuously updating and developing their system or product can attract more investors. I have seen bounties before that paused the bounty since there are private companies that support them then continue the bounty when the product is already out , simply to get more supporters. Good project ideas will soon be noticed by investors if its a quality project.

With how investors are thinking nowadays, it's really hard to anyone to bring their ideas into success they need to prove that it's worth it investing with the project. Many investors suffered loses last year so it's really hard to convinced them to invest in without prior research. Though good developers will continue and keep on doing what is best for the project, while scam developers will let the project to die naturally.

It's the developers obligation to bring the project into successful outcome and it's also that same team that lead it to nothing. Research and understand how this people behaves to avoid supporting those scammers.

[gaston castano]

I mean how you really determine it, I think the criteria you mentioned above are also part of the correct project, except that ROI depends on how fast the project is developing, and sometimes a project does not require a long time to get ROI.
of course all projects want their coins to be listed in large markets, in addition to increasing investor interest it also proves that their coins are not shitcoin.

[otto93]

That is very true and this pisses me off anytime you hear them saying listing in top five exchange and blah blah, what I don not understand is that some of this top exchanges are in bed with this scams
What I do is I only invest in projects that are already established and doing well in the market

[Zeke_23]

I mean how you really determine it, I think the criteria you mentioned above are also part of the correct project, except that ROI depends on how fast the project is developing, and sometimes a project does not require a long time to get ROI.
of course all projects want their coins to be listed in large markets, in addition to increasing investor interest it also proves that their coins are not shitcoin.

You can determine it if they truly wanted to push their goal. Most of the time you can see the team's work if they are really working hard or not. It is indeed that all the above statement was also a criteria of a good project, but if you see that they dont pursue their goal, it's a different matter where you have to decided on your own if it is really worth it to invest.

[meliodas]

I mean how you really determine it, I think the criteria you mentioned above are also part of the correct project, except that ROI depends on how fast the project is developing, and sometimes a project does not require a long time to get ROI.
of course all projects want their coins to be listed in large markets, in addition to increasing investor interest it also proves that their coins are not shitcoin.

You can determine it if they truly wanted to push their goal. Most of the time you can see the team's work if they are really working hard or not. It is indeed that all the above statement was also a criteria of a good project, but if you see that they dont pursue their goal, it's a different matter where you have to decided on your own if it is really worth it to invest.

Well, it is hard to determine when the project is just getting started. The best thing to do is to conduct research about the team behind the project. Look at the previous work or any available information of the developers and that is when you will balance things out if they are worthy to be given of your hard earned money.

[MI6]

I mean how you really determine it, I think the criteria you mentioned above are also part of the correct project, except that ROI depends on how fast the project is developing, and sometimes a project does not require a long time to get ROI.
of course all projects want their coins to be listed in large markets, in addition to increasing investor interest it also proves that their coins are not shitcoin.

You can determine it if they truly wanted to push their goal. Most of the time you can see the team's work if they are really working hard or not. It is indeed that all the above statement was also a criteria of a good project, but if you see that they dont pursue their goal, it's a different matter where you have to decided on your own if it is really worth it to invest.

Well, it is hard to determine when the project is just getting started. The best thing to do is to conduct research about the team behind the project. Look at the previous work or any available information of the developers and that is when you will balance things out if they are worthy to be given of your hard earned money.

Maybe that is why a lot of investor trapped in scam ICO, because at first developer look really serious and make investor believe that the project will be good and work smooth like what they tell in roadmap. But in fact, after listed developer looks like leave the project.

[Genemind]

Obviously any project that promises you any of these are either scam or dangerous investments plans managed by desperate developers

1. Huge ROI in short period of term
2. Risk free investments
3. Assurance of what to come
4. Big exchanges listing like binance

I have promoted projects that pretends to have listing plan on big exchanges just to make people promote the project and make investors invest too

If we'll only have these basis, we might only get confused because most projects these days do all these things to attract more investors. Honestly, it's really hard to determine if a project is legit at the beginning. Sometimes, observing the activeness of their team and their developers would also help. Just get rid of those projects who are offering too much or giving too good to be true offers without any assurance.