How to find scam coins

[upyem2k]

It is actually the way you said but the ICO related fraud ranging from fake ICOs to exchange scam is limited nowadays because of the introduction of the IEO. Exchanges that engage in IEO must have first of all see the viability and authenticity of a project before accepting its listing on their exchanges and that thereby safe the potential investors from falling victims of scammers.

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[Novatech8]

Scam in crypto is limiting now since the intro of IEO, the biggest scams in crypto space is all on ICO projects and now that IEO took over its not alarming as before, newbies are my main worry now because most if them neglect what they should know first and try to satisfy their guts

[Emperor of Man]

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

Good article.

Specially doing a careful investigation about the project team is very important. Who are they? Can you find them anywhere in social media? Are they well known? What does their pages tell you? You can even try to contact them and ask about their involvement in the project (if their page doesn't talk about it).

[rmhuntley]

Quite a lot of ICOs have been deceiving their investors throughout 2018 until now. There is nothing better than eradicating it until there is no room for them to commit this crime. They do not care about the impact that comes from their actions, because they only think of money and run.
In the long run, the same thing is not good for crypto, because they have the potential to destroy what has been achieved by this technology until now.

[Ararbermas]

You can figure it out easily if it's scam or not through the chart itself. Wherein the history of growth rate can be found .if it's have no chart which not yet listed on some exchange.  Then make a simple search around the internet so that you can easily find some sort of information that can prove how good the project is..  Feedback iand proof s the most important mate remember that.  Don't easily fall on other ppl words and statements to avoid regrets at the end.

[Battareus]

Tricky questions to the developer and the project manager help to identify scam, if the project is created for scaming, from the very first questions this is revealed.

[jorenpo]

its hard to find a legit coins as of now. there's a lot of new coins with a promising project but turns out to be scam.
maybe read their whitepapers and look for a team first before investing.

[slaman29]

Investing in the world of cryptocurrency right now must be careful because there have been so many victims of fake projects, we as bounty hunters and investors must first explore every project that we follow so as not to feel disadvantaged by the teams that designed the scamer project.

Investing in crypto has always required people to be careful, but those who invested in 2017 bull run were just lucky because EVERY coin got so inflated thanks to Bitcoin. So people thought they were being smart. Bounty hunters cheated and no one cared either cause everyone seemed to be making money.

Assume everything is a scam.

[rafajunior99]

In order to find scam projects you need to know how good projects are. Each of the projects is different and I can not list the standard ways to find them. But if you get enough experience with a nonscam project, you will not have any trouble finding scammers. Also always read the project's whitepaper carefully, search the team thoroughly, and look for the scam accusation section here.

I never thought the way you gave it could succeed in finding out about the scammers project, because in my opinion for now the scammers project can even fake the team and the road map they made, because the fraudsters have been very good at designing everything. So to find a project that is fraudulent or not is very difficult to ascertain.

[nicster551]

You can figure it out easily if it's scam or not through the chart itself. Wherein the history of growth rate can be found .if it's have no chart which not yet listed on some exchange.  Then make a simple search around the internet so that you can easily find some sort of information that can prove how good the project is..  Feedback iand proof s the most important mate remember that.  Don't easily fall on other ppl words and statements to avoid regrets at the end.

I agree with this, we need to gather some feedbacks from different influencers/personalities promoting that certain project but its very important to make your own research and always trust your instincts. If you think the project have red flags then dont hesitate to leave that project and move on. Look another project that will pass your standards.

[Btcvilla]

it is difficult to recognize scammers, in 2019 I came across 3 such projects in which I invested. completely disappointed in the ICO. now I take part only in the IEO they have more confidence as the participation is on the stock exchange.

Maybe on 2019 is not good time for ICO project because I check not one of ICO success with higher price on exchange market, today is not time for IEO or ICO but we have smart using or investing money in some altcoin kinds and palying situation when have to buy or when have to sell, lets forget an ICO and focus trading with altcoin available on exchange.

[pandanaran]

In order to find scam projects you need to know how good projects are. Each of the projects is different and I can not list the standard ways to find them. But if you get enough experience with a nonscam project, you will not have any trouble finding scammers. Also always read the project's whitepaper carefully, search the team thoroughly, and look for the scam accusation section here.

I never thought the way you gave it could succeed in finding out about the scammers project, because in my opinion for now the scammers project can even fake the team and the road map they made, because the fraudsters have been very good at designing everything. So to find a project that is fraudulent or not is very difficult to ascertain.

it's actually not that difficult as you have said, it's just that you need to take time before participating in any project. but I agree with the statement about the project is valid or looks real as described in the description of the project, that they are one of the projects that you mean. basically there is no guarantee of any success on the project but you can find out whether the project is good or not through the team and also the developer.

[cuo]

If you askin about how to find scam coins, it's simple to answer, check website and development team, and also you must check whitepaper before that, but sometimes they are very close with trusted project, but there are always have a gap!

[JCviggen]

If you askin about how to find scam coins, it's simple to answer, check website and development team, and also you must check whitepaper before that, but sometimes they are very close with trusted project, but there are always have a gap!

and all these actions do not give any guarantees that your investments will not be in the hands of scammers. now it’s almost impossible to identify a scammers through these actions

[Akoldi_ibk]

Scam coins are always dead on arrival. Don't be deceive by their listing on CMC, or on exchanges, they can go to any lengths to make the coin genuine. Simply keep close eyes  on the project team; their attitude, behavior, response to technical questions and communication skills (they are always rude). Don't trust trading volume, it can be faked and most of them hardly have trading volume or good price movement.

[seleme]

If you askin about how to find scam coins, it's simple to answer, check website and development team, and also you must check whitepaper before that, but sometimes they are very close with trusted project, but there are always have a gap!

and all these actions do not give any guarantees that your investments will not be in the hands of scammers. now it’s almost impossible to identify a scammers through these actions

The old tactics for catching the fraud and scam projects usually work but the last outcome depends on the professionality of the crypto investor. For identifying the scammer, checking the social media accounts of team members, reading whitepaper with attention, asking from the other developers about the security durability of the website of the project can be the reason why not all investors fall to the scam project trap often.

[BennyK]

Your article forgot to mention about those shitty clone coins. Clone coins also include coins that have no unique feature of itself other than copying features from other coins. Most of the altcoins that are clone of other coins are scam coins. Those coins gets premined by the developer and then they dump in into the market. Thus they always end up dying. So avoid investing on those coin.

Exactly the point. There are some coins which take after the name or symbols of already listed coins with the intention of deceiving investors who do not know much about the coin. These coins are normally dumped on the market. Also, there are coins which do not have any unique add up to the crypto space but just a repetition of ideas and product of already existing projects. All these projects do not have future.

[Ridwan Fauzi]

Something that you should know, cryptocurrency is not a bubble as said by many people out there. The innovation is popping up and use cryptocurrency or blockchain as main system. Yeah, I think this is the reason why cryptocurrency still exist although at 2018 the price of them just slumped down just because the regulation from some countries.

Regardless, the investor especially new investor who fall to scam and lost their money, I think that is their mistake we can't blame everything to the scammer. This forum have gave many thing to avoid the investor fall to scammer, actually it is simple way read the article and when you find some projects you have to analyst it and I'm sure you will be safe to scam project.

Yeah, I believe there is many people who said cryptocurrency is not magic thing to make someone get rich instantly on this forum. You have to use your horse sense to analyst what project who will make you gain money and make you lose money, and lastly don't be easily fooled by everyone's suggestion, just it and you will be fine.

[AndRE177]

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

The best way to avoid investing in fraudulent developments is to stop investing in new projects that are just entering the crypto market. Thus, you are 100% likely not to fall into the hands of scammers. Think about it and make a decision.

[JonMak0987Bitch]

It takes many years of practice, then you can see them on an intuitive level.