how to avoid fraudulent projects?

[OasisDre]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

There is one sure way to identify scam projects nowadays, they always offer too good to be true offers and they always give guarantee on profits if you invest in the project when no crypto investment have 100% guarantees, the ball is in the investors courts

[MI6]

For me, it is all back to what investor aim. We know although we have promote it or maybe bounty hunters promote a project, investor should know or read whitepaper and it said there are no one force them to buy the coin. But a lot of people as investor still try it and hope profit from it. If there are always profited investor, he must be very lucky because in every investment, hide a big risk behind it.

[strunberg]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

There is one sure way to identify scam projects nowadays, they always offer too good to be true offers and they always give guarantee on profits if you invest in the project when no crypto investment have 100% guarantees, the ball is in the investors courts

if we often make observation to projects that occur in crypto market we will find the the feature from scam projects.first thing that we will find it on their whitepaper.they could not dicribe the projects plan in future detailly.and also plagiatsm detected from this document.there is  no exact plan about listing.they let investor waiting for long time.

[ReiMomo]

Upon checking a legit project you should always check these.
[1.] Whitepaper
[2.] Website
[3.] The team behind the project
[4.] and the manager whos managing the project.

Because sometimes the manager of the project did not care if that is a scam/fraud or not as long as they will earn through their works.
It is really hard to identify a scam/fraud but first have a deep study. For me, as of now, being bounty hunters is nothing.

[Reid]

What way?!

I read it twice and havent seen any reason into how to avoid them.
Please state it next time or just edit this post.

There are many steps in doing it but mostly you will need to read a lot.
Digging deeper is the only way but they can still manage to get away from it.
What to do? Take that little risk and hope for a good future.

[Pearls Before Swine]

I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).

Who are 'them'?  Are you referring to the project developers or just random supporters, and what ratings are you talking about?

My own opinion is that any new ico these days should be considered to be a scam until proven otherwise.  There are bounty hunters getting scammed, investors getting scammed...you name it, it's rampant.  Often times there's no way to tell beforehand if a project is a scam.  The team members could be real, the whitepaper could be slick and logical, but you just don't know what's real anymore.  So I would just avoid new projects all together, and the only way the scamming is going to stop is when everyone does that. 

A wait and see approach is probably the most prudent course of action when a new project comes out.

[aomakun]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

There is one sure way to identify scam projects nowadays, they always offer too good to be true offers and they always give guarantee on profits if you invest in the project when no crypto investment have 100% guarantees, the ball is in the investors courts

if we often make observation to projects that occur in crypto market we will find the the feature from scam projects.first thing that we will find it on their whitepaper.they could not dicribe the projects plan in future detailly.and also plagiatsm detected from this document.there is  no exact plan about listing.they let investor waiting for long time.

in their targets do not define in full, as you are talking about that the project does not have a clear goal for the future so it can be said that the development is still thinking or not thinking of their project in the future. it is important to see developments that will take place, so if you find it better you stay away

[ChrisPop]

The simplest and most effective way of doing this is by making sure that people do their own diligence regarding each project they invest in. An investor who cares about his money and he has earned that money from hard-work will be very 'picky' sort to say with where he puts his funds in. However we need to think about the newbies in this space as well, so the best would for someone trustworthy to create a blog or a trustworthy source of information and rating company like ICOBench, but I've noticed that their reviews are not so helpful.

[biddicoin]

I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).

Bounty hunters promote project just risking their energy and time to do, not money. So, they will try it for chancy
if get paid they will happy, if not, it's okay, Just loss of energy and time.

maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

i dont think so. I believe that investors are smart people that should know scam or not
you can see the total people who are trapped in it reduced. they have learned from their mistake(s)

[darkangel11]

The simplest and most effective way of doing this is by making sure that people do their own diligence regarding each project they invest in. An investor who cares about his money and he has earned that money from hard-work will be very 'picky' sort to say with where he puts his funds in. However we need to think about the newbies in this space as well, so the best would for someone trustworthy to create a blog or a trustworthy source of information and rating company like ICOBench, but I've noticed that their reviews are not so helpful.

In fact, the simplest answer is to avoid new projects. Invest only in coins that have established position on the market and you won't buy into frauds.

If you really want to invest in new projects which is always extremely risky spend a lot of time doing research and then some more time. Make sure the team is transparent and you know who at least some of them are. Make sure they have made agreements and the coin is going to be listed on some known exchanges with volume not some small platforms where nobody trades. Check what the goal of the project is. The more they promise the bigger the risk.

[tenakha]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

Sure. If everyone has enough knowledge and experience, why would they support the scammers? We need some rules in the bounty section. Escrow is always used in BTC paid campaigns and everyone has to comply. But in altcoin bounties it is nobody's business, that is why scammers easily benefit from this. It may be best to avoid them and this amount should be as high as possible.

[republicrypto]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

before start promoting any project, people must doing a deep research, just like if they want to put their money in
learn about their team member, whitepaper and all about the project,
maybe thats one from many way to reduce a scam project my friend
regards

[acoin2000]

The best way is to go with IEO, by this way you can more safe

[Kang TB]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

simple, do not invest to unproven project, wich mean the development in project didn't run on schedule
invest only in the proven project, and maybe the TOP 10 coins at coinmarketcap is the best options mate

[udidrone]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

simple, do not invest to unproven project, wich mean the development in project didn't run on schedule
invest only in the proven project, and maybe the TOP 10 coins at coinmarketcap is the best options mate

10 top coins are clearly real and a little with fraud, but now it's difficult to distinguish new projects, which are real and which are fraudulent they are very neatly arranged in all respects, Other ways to find the project are real or only fraud, can be seen when roadmap running

[BlackFor3st]

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

Yes you are right but you are missing the most important part which is how to segregate the suspicious projects from genuine one because even genuine projects are tempted to exit scam also as what I have observe in the few projects here.

But for those shit projects that you can notice without digging deep then we have no problem with it. What we have problems are those projects that are pretending to be the best project but in the end they will run the money. Most of the bounty hunters that supports the shit projects are those newbies because they didn't know yet the difference between shit projects and genuine one.

[Perfect35]

There is no way you can stop a man that is so eager in getting coins or tokens into his wallet by all means, from promoting just any project they see. They dare less and most times, time is not placed on research, particularly to know more about the project they are promoting. That is why you see most of them make unnecessary mistakes, that sometimes can be detrimental to the project they are promoting.

[kawetsriyanto]

Actually, we can minimize to avoid fraudulent projects. At least, do these ways below :

1. Don't participate in a project which is indicated to have something strange.
Examples: no WP, bad official site design, unclear team member identities, offer nonsense goals, or something else.

2. Buy only top coins or coins backed up by established companies only.

3. Be smart and selective.

[SolarWindMiningCompany]

Most people don't do research anymore, for many, what matters is the numbers on the thread. If a topic is lucrative enough for an average member of this forum, they will definitely dive in right away. With research, it is very easy to spot a legit project. For example:



This is an image I originally took for a different topic where the original poster was asking whether the project is legit or not. As you can obviously see from the image that the so-called "project" is offering 350% returns on your investment, even more so if you refer your friends to the project. This is statistically impossible. And this whole research took me just 10 seconds, that is it. 10 seconds and I was able to find this specific part on their website.

TL;DR: Research like a normal person instead of losing your minds over promised hard $krilla ca$h whatever.

This is a good example how scam looks like. Scams in most cases "offer" high guaranteed return, generous referral system and 100% secure investment.
The reallity? You will never see your money or money earned through the referral system.

Lol. They make unreasonable promises and dole out high bonuses to attract investors. As for me, when things appear to be too good to be true, I do well to ignore it. Also, checking out the LinkedIn pages of the developers helps alot. Just a little scrutiny can expose all you need to know about it but people seems to neglect the basics. I can't even remember the last time I got ripped by a fraudulently CEO. Because I do thorough evaluations. Even Sparkster didn't get me into it's traps despite Ian Ballina shilling it.

[maxreish]

What you mean is, stop bounty hunters to promote such scam projects? Easier said than done especially when a participant or a promoter wasn't aware if it is a scam project or not. Literally, that project still paying those promoters. And what's significant from the bounty hunters is the reward they are receiving.

High returns, high rewards, that's what they are after to. Regardless of the obvious thing that a certain project will be useless after launching it, the big point is that they are giving away their product tokens as a payment. Majority of the bounty hunters are happy for a few bucks. Sad but true.

But I agree, "less supporters, less scam projects" . Makes sense though hard to implement.