how to avoid fraudulent projects?

[meliodas]

Yeah you are right. A "high rating people" who supports the project does not make the project automatically legit. There are always a chance of the project failing or scamming. After all your "high rating" people does not actually care who gets scammed or not. Remember, those people are paid to advertise for them. There are also few well known people out there who makes legit reviews.
The best way to avoid fraudulent project is to avoid every shitty projects out there that are not being developed by some well known team.

There are many ways to find out if the project is scam or not. One of the ways is by reading their whitepaper, you can see all the information about the project in the whitepaper. You can also is see in there if something is fishy or not. Reviewing the team behind the project is also a way to know if it id legit or a scam. Research about the developer and it may help you to avoid fraud projects.

Reading their whitepaper will not help you to identify if a project is a scam or not, IMO. They created the whitepaper so they already make sure that everything there is good to read by the potential investors so all of the flowery words are there. The best thing that you can do is to do research about the project and also evaluate if their project is useful and if its members are knowledgeable enough to be involved in that project.

[acsalles]

There are many ways to avoid fraudulent projects such as:
1. Please thoroughly research the project wpp to know the project details.
2. Go to social networking sites to see how your teamwork works.

[ACTrend]

Fraudulent projects cannot be avoided. Each of us fell into such projects. You are right even with high ratings companies can cheat. Therefore, coming to a project we can only hope and trust the creators.

[prmotion]

It's damn easy – do not invest but hold. Anyway, untill there is a massive global HYIP as in 2017, not much will change.

[Chainsmokers]

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.

For me personally eliminating the scammer for now is impossible to do, and if to reduce the scammer itself actually does not exist but what exists is how we avoid or minimize the possibility of getting a scam project. If we have ever entered into a scam project, of course we can find out or gain experience and knowledge about the project, how the project was originally run and can make us interested in participating in it and how in the end the project becomes a scam, this can be made a comparison for us take our next decision so as not to enter or not be hit a second time.

[BRODIN]

free crypto space, anyone can take part in this cryptoqurrency space. and out there are many services for making ICOs at low prices, users of Telegram bots, and other negative things. so I think to avoid the project depends on our research before taking part in the project, by looking at the background of the team, developers, project road map, products, etc.

[Henrytrust]

The issue of promoting projects by bounty hunters is something to be addressed. You would agree with me that majority of hunters are only interested in the reward they obtain from the project and research is made to confirm if the project is buoyant enough to make the payment promised. And if the project is able to make the payment, the hunter believes that the project is far from fraudulent.

[bitzizzix]

Before you get involved or invest in a project, you must examine the background and the project and developer in detail and to avoid losses you must invest in a portfolio that is not too large so, if one day is lost you will not lose a big loss.
Avoiding all fraud projects depends on your intelligence in assessing and researching before engaging in them, and all the knowledge and the best ways to avoid fraud projects or whatever this forum is the best choice for learning and related knowledge about crypto.

[mirgo1791]

as uses with release of news and reference of goods and service from developer pro market might works on decision as appealing with more on preparedness with seeds on recompilation and manage to sees with one on plan to work on terms with projects to gains with returns of work from developer.

[best123]

My assessment of fraudulent projects are based on the team, the manager of the project, the services or product they are offering etc. But major concentration is on the team and the product or service they want to offer. Social  media adverts doesn't move me like that.

[jazmuzika217]

Honestly it is hard to determined what are the fraud project here in the crypto industry. All we know that fraud cases are continue to increase and for me the only solution that we have is crypto's regularization so scammers will be afraid because government will have a right to make some law about scam and fraud.

[10BTCaDay]

Until now there has been no way to avoid fraudulent projects, because they are almost the same as projects that have good popularity, one way to stay away from fraud projects, we still prioritize projects that are supported by legitimate and reputable industries. I am sure it is a a real project and it will be a success

supported by legitimate and reputable industries? I have not seen such projects for a very long time. over the past 2 years, they simply did not exist. maybe you have some examples?

[TheUltraElite]

supported by legitimate and reputable industries? I have not seen such projects for a very long time. over the past 2 years, they simply did not exist. maybe you have some examples?

True, the projects which have a proper background are rare in this sector. If someone is investing in a new ICO project its rare to get something legitimate as the product. Rarely we have seen any industry backed altcoin and to be honest, I dont think they would even go for a crypto backing but opt for the stock market.

Most of the crypto investors are currently feeling the burnt of their decisions and thus stopping before investing shitcoins. Obviously bitcoin is the better choice here and I am sure no altcoin would be able to take over bitcoin's price. So instead of wasting time and energy on these shitcoins one should focus on only bitcoin.

[pantek talacuik]

Until now there has been no way to avoid fraudulent projects, because they are almost the same as projects that have good popularity, one way to stay away from fraud projects, we still prioritize projects that are supported by legitimate and reputable industries. I am sure it is a a real project and it will be a success

supported by legitimate and reputable industries? I have not seen such projects for a very long time. over the past 2 years, they simply did not exist. maybe you have some examples?

Worse this year with bad things that continue to happen until now. I think how long this will continue to happen and there is no good information until now.

[cryp24x]

There are many ways to avoid fraudulent projects such as:
1. Please thoroughly research the project wpp to know the project details.
2. Go to social networking sites to see how your teamwork works.

I agree with these details but I think you need to conside first if the people on the team line-up are real people. Most of the time, the project team consists of people that doesn't really exists or profile that belongs to a person who have different name. You may also consider the office address if that office really exist because scam projects don't really give legit office addresses.

[lousie9]

btw, you mean (they are) social media prize participants? yes, actually ico SCAM is common, on the one hand many participants of social media campaigns don't really care whether the project is a scam or not, because the most important thing for them is to join and join every new project that comes up. but in most cases beginners are one of them.

[Dalmar]

btw, you mean (they are) social media prize participants? yes, actually ico SCAM is common, on the one hand many participants of social media campaigns don't really care whether the project is a scam or not, because the most important thing for them is to join and join every new project that comes up. but in most cases beginners are one of them.

Many new bounty hunters just wish to make as much profit in the bounty campaign and they don't care about the project. They have no idea how to use the real working product of the project and the main requirement is to complete the tasks. Scammers know this fact and they hunt the bounty hunters. Shady projects exist for increasing the BTC portfolio of their owner, nothing else.

[Xcode7]

btw, you mean (they are) social media prize participants? yes, actually ico SCAM is common, on the one hand many participants of social media campaigns don't really care whether the project is a scam or not, because the most important thing for them is to join and join every new project that comes up. but in most cases beginners are one of them.

Many new bounty hunters just wish to make as much profit in the bounty campaign and they don't care about the project. They have no idea how to use the real working product of the project and the main requirement is to complete the tasks. Scammers know this fact and they hunt the bounty hunters. Shady projects exist for increasing the BTC portfolio of their owner, nothing else.

their experience is certainly not much, so they prioritize projects that they think provide a lot of funds for campaign participants. maybe it's natural because they will learn when they get mistakes. even though it is not good, because it is better to study first. but everyone has their own way

[btcmurat]

Scammers and bounty hunters are spoken as if they were the same. Bounty hunters are looking for projects where they can profit. However, the problem is that the following bounty hunters do not know the intentions of the project owners. It's a moral problem in general. People need to be prevented from turning to fraud.

[RussiaUkraineTranslation]

You can invest in IEOs on platforms like latoken, binance and ecxx. These exchanges vet IEOs before listing.