how to avoid fraudulent projects?

[Meowth05]

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.

We cannot fully exterminate fraudulent projects in this industry but we can do something about it just like conducting some research first before we engage with them. It is better to promote a project that has integrity because how you would suppose to get paid if a certain project you promoting is scam hence, the best option is that obtain some knowledge or data regards to the project and even check their roadmap if will they meet target goal.

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[Free1bitco.in]

Leaving yourself uneducated is a biggest mistake that is why fraud projects seemed to make it easy out there deceiving. I personally cannot think of the possibility that could completely eradicate fraud projects other than self-educating and educating someone on how to trace those fraud projects. When new people or investors  keeps on coming with a lack of knowledge or background to such project was the main reason why is it impossible to eradicate those fraud projects.

Until now many people have made improvements regarding their knowledge of a project. Until now, investors and bounty hunters are quite good at conducting research. the proof is that some projects have received red marks from several trusted people, or moderators from this forum.

however the best way to avoid scammers is to be careful and gather as much information as possible. we can't just invest because we see that the project suits us, or gives a big bonus. because of that, increase your ability to analyze a project, and if you see its characteristics, then leave the project.

[Roidz]

In general, it is very difficult for us to be able to distinguish between scam projects and projects that are really real, because of course the developers of project scams will make their projects as original as possible so that it will be very difficult for us to distinguish these projects, I think now we can only hoping with luck alone to avoid the project scam, but there are some members here who suggest that we check the web, Roadmap and their team before joining the project, even though it's not 50% accurate, I  think it's not wrong for us to try it.

[X-ray]

In general, it is very difficult for us to be able to distinguish between scam projects and projects that are really real, because of course the developers of project scams will make their projects as original as possible so that it will be very difficult for us to distinguish these projects, I think now we can only hoping with luck alone to avoid the project scam, but there are some members here who suggest that we check the web, Roadmap and their team before joining the project, even though it's not 50% accurate, I  think it's not wrong for us to try it.

There'll always be a way to distinguish such project among the legit ones and they usually provide false information regarding their own project. The whitepaper that they served to the public also usually doesn't contain further techincal aspect of the project and how the execution of a project will be done by following the planned roadmap. Shady project usually have all unprepared and the their response to the community also usually lacking and consist of unknown people. if you really want to avoid fraudulent project you can simply choose project with famous developers and already verified the other alternative is to choose IEO from popular exchanges.

[SistaFista]

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.

To overcome and avoid fraudulent projects, we need to take more time before deciding to supporting the project.
Bounty hunters are same with investors, require to do intense research about the ICO/IEO they want to support.
Always proceed with caution because many scammers still trying to scam peoples in crypto.

[fullhdpixel]

You conclusion is not far from the truth and I must really tell you the enemy of cryptocurrency, we might think that the enemy of cryptocurrency are those scammers, NO, we already know that in any system, we will always find people like that, but the real enemy of the cryptocurrency development are those greedy hunters, managers and investors that don’t do research before investing in a project and promoting a project, and like you said, they are actually the one that is giving hope to these projects.

If everyone was watching carefully not to invest in a project that is not good one, there is no way that that scammers can really be able to get into the market and be successful. So, we all have to have our hands-on desk and ensure that most of those scam projects are not being publicized to the public.

[magnum cyber]

Actually there is no right way to overcome the problem of scamers, but if you are shrewd and more thorough before joining any project you might be able to avoid it yourself. what is important is that you do not promote unclear projects especially with non-transparent teams, inexperienced developers or products that cannot develop in the market. and if you see a suspicious project that's the red flag for you.

[ongkok87]

Actually there is no right way to overcome the problem of scamers, but if you are shrewd and more thorough before joining any project you might be able to avoid it yourself. what is important is that you do not promote unclear projects especially with non-transparent teams, inexperienced developers or products that cannot develop in the market. and if you see a suspicious project that's the red flag for you.

Detecting scammers is actually sometimes difficult and also easy because with the appearance of the website and the concept alone can take initial conclusions about the project. the next step to detail maybe we can check Whitepapaer and also their team to be able to make sure the project is scam or not

[Samayuki]

No matter how responsible a bounty hunter is or how good he is with research this won't make him free from scam projects, very good scam projects looks so real that they will have teams and videos to show for it but they did that to lure you and guess what? they belief that no law will hold them responsible for the devilish acts

[BChydro]

Unfortunately, there are bounty hunters that are still promoting fraudulent projects even though they already knew that it is a scam.

No one will promote a scam as they know they will not be getting for the time spent by them, majority fall for these attractive bounties that promises them ample amount and they will not even have a logical thinking about the amount of money they are offering, i used to see a million dollars worth of tokens as bounties and to be frank there is no logic behind it and all of those were scam projects just baiting people to advertise and make a run with the investors money and there were some asshole managers supporting them.

[swivel1983@gmail.com]

Yes, we should try not to promote fraudulent projects and try to reduce their number by all means. But we have newcomers who do not know how to distinguish good projects from fraud and continue to support them. After all, they often look at rating sites and believe the information listed on them. So, unfortunately, the scammers are not going anywhere.

[baeva2]

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.

It is difficult to determine what the project will be in the future. Therefore, some participants, seeing signs of fraud, continue to participate in it because they believe and hope that they are mistaken and that everything is not as bad as it seems.

[torrantz]

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.

This is a common problem of social media promoters. Started with good plans then social media promoters couldn't see any update on websites about funds rise, team work. From little update to alpha version should update about project before funds rise start, this system could help us.

It caused by the social media promoters are bot and even project has already announced if the team has stopped the campaign and these craps are still writing more and more report. It looks so annoying for me when seeing these both are spamming the bounty thread. The team is nor transparent and that's another problem that faced by bounty participants but remember the bounty participants are having low quality such as some bots are still posting non-sense report even the bounty has already ended.

[Meysa_richa]

It is very difficult to stop the scammers project, but at least we can reduce the scam project, the way is we stop following the project manager who once promoted the scam project, this way then little by little the scam project will decrease. This is certainly a tough task for a project manager, because before becoming a manager of a crypto project, they must do serious research so that people's trust in them is not lost.

[alan2here]

It is very difficult to stop the scammers project, but at least we can reduce the scam project, the way is we stop following the project manager who once promoted the scam project, this way then little by little the scam project will decrease. This is certainly a tough task for a project manager, because before becoming a manager of a crypto project, they must do serious research so that people's trust in them is not lost.

I think that before you invest, you need to research carefully because no one can do it for you and many recent projects are not profitable for investors. I always check the project development team first because this is the fastest way to avoid scam projects. There are actually hundreds of projects emerging in this market and you should learn how to evaluate quickly.

I have been in this market for many years but finding a really good project is not an easy task because 97% of the existing projects are all bad projects so it will be difficult to choose.

[awik p]

Very few projects are really good, only about 3% of projects that promise. indeed by researching the developer we can choose the project quickly, with the experience that is already owned by a developer, I think this is a good way to anticipate project fraud. good developers will certainly develop good projects too, so they will be followed by investors by their movements

[arifteguhr]

Very few projects are really good, only about 3% of projects that promise. indeed by researching the developer we can choose the project quickly, with the experience that is already owned by a developer, I think this is a good way to anticipate project fraud. good developers will certainly develop good projects too, so they will be followed by investors by their movements

When a potential project I think investors will certainly be able to invest. they can already know which projects are potential and which are not. now it is indeed very difficult to be able to find a projeck that is really good because there are so many projecks that scam and make rebuilding trust difficult . because I as an investor no longer trust any new projects

[nasipadang]

In my opinion to avoid fraudulent projects, invest where the developer has competence and the developer is not well known either in the crypto world. Do not invest in a place that is still in doubt as to the information and identity of the developer and the team. It is impossible to eliminate fraud in cryptocurrency, but with a few strict rules I'm sure many can avoid investment scavengers.

[Jorge158]

To avoid fraudulent projects, firstly, the participant or investor should understand that there is no set regulations or bodies in crypto responsible for running checks on new projects to eliminate fake projects hence that aspect lies in the care of the investor. This is why the investor must research into the project in all means in order to identify the originality of the project.

[LogitechMouse]

~snip

How to avoid it?? Simple. Just don't invest on this shitty projects.

You don't want to get scammed? Just don't invest. You don't want to risk your money for profit? Don't invest. In this way, you can avoid this fraudulent projects 100%. There will be no scammer if there are no people that will get scam for their shit projects.