how to avoid fraudulent projects?

[d3nz]

It can be avoided if we are knowledgeable about the project's information and how they communicate to the investors. And we can see a red-flag once they have full of promises and not sharing the team members of the specific project and no linked in or those people are untraceable or just a photo grabbed from somewhere which a lot of scam project did this.

And having a knowledge and becoming vigilant before investing is a must and we cannot lose our funds by just this project who only wants to trick or manipulate people.

[1715504450]

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[1715504450]

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[thesmallgod]

It is very hard to stop all fraudulent project in the crypto space, there is too many of them and some them are in disguised of having a good developments and hardworking team. We never knew at first when it is a scam or not but this is my tip. If you see some redflags on the project along the way then stop promoting it then move on. There is too many projects out there clearly focused on the developments.

There are several scam projects that run the development first so that investors believe that the project is not a scam, but after all the development is almost complete the project is dead or even a scam.

Checkout Depository.network, they are a perfect example of the project that was difficult to know that it will end up to be scam. They ran a coordinated project development. All the whitepaper versions were clearly written and the project was a solid one. It was not like many projects I have seen that have almost the same idea. Depository wanted to create identity management database for easy KYC verification. During the period they were running token sales, the team was always available to answer all questions both on telegram emails in form of a newsletter. Today Depository is a scam project and I believe the team are planning another scam project because their former site which was depository.network is currently being redirected to assetify, a lending platform.

[imstillthebest]

to find a fraud project is very difficult in my opinion because intelligent fraudsters will be able to fool smart people. thus making it difficult for us to distinguish between fraudulent projects and real projects. Bounty managers who have managed many bounties have also run fraud projects. that is because of the difficulty of distinguishing true and false projects.

find ? no you dont need to find them because you arent going to join a fraud campaign anyway but you just need to avoid them  . you can easily avoid than searching  for something to join  . smart people are smart and wont get scammed easily but the not so smart people are the ones that are in dangered  . bounty managers are smart guys too because they wont be a manager if they will just accept scam projects  . they should only accept legit projects and not easily get tricked by the pay  .

[pandanaran]

yes, of course there is no effective way to eliminate fraud projects in the cryptoqurrency industry. You can see for yourself that fraudulent projects are still around us and will probably always be in the following days. it's just that you can still avoid it by doing more research about the project you want to participate in.

[Webetcoins]

It is very hard to stop all fraudulent project in the crypto space, there is too many of them and some them are in disguised of having a good developments and hardworking team. We never knew at first when it is a scam or not but this is my tip. If you see some redflags on the project along the way then stop promoting it then move on. There is too many projects out there clearly focused on the developments.

There are several scam projects that run the development first so that investors believe that the project is not a scam, but after all the development is almost complete the project is dead or even a scam.

These scammers in one way make their own loss as well. They if keep doing development with the number of investors they attain, I am pretty sure they will make more money than they do with scamming. People who do scamming are the ones who lack real business mind. The thing is we can safe from these scams if we make sure that project has been in the market at least for 6 months.

[Sanugarid]

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 find a fraud project is very difficult in my opinion because intelligent fraudsters will be able to fool smart people. thus making it difficult for us to distinguish between fraudulent projects and real projects. Bounty managers who have managed many bounties have also run fraud projects. that is because of the difficulty of distinguishing true and false projects.

There are actually a lot of things you should consider when joining or supporting a particular project. You can actually somehow recognize if that particular project is a scam by reading their whitepaper wherein almost all of their information is already stated there and also the team itself, you are the one who is deciding if that information that is stated there are possible to happen or their target is too much. I can also say that you can recognize fraud projects by their website and their moderator also because some projects don't have a website or their website is a scam, and the moderator is not that encouraging. You can also gain information from other investor or supporter who already invest their money there, you can ask if that particular project is legit and you can trust your money there, you can see their reviews.

[mdzahed134]

If you buy exchange tokens like BNB and ecxx you can profit in bear and bull markets. IEOs on reputable exchanges help weed out the scam projects.

Mostly reputable exchanges easy to spread hypes. Binance IEO is not launched in every single month. So how will depend on binance exchange and another legitimate big exchanges. In this way, at least I do not think this problem will be resolved. I would suggest we have to research on the project accurately and then to think about investing. I did not found other good way to legit projects.

[zulfi125]

Nowadays, most of the projects are not real and trusted; everyone should share a good and trusted project. Still, we should also research about the project to avoid join the fraudulent project; we should check their whitepaper, social media activity and thread rank.

[asyakashi]

don't be interested in scams that offer instant big profits. ICO and IEO seem to be profitable but you have to analyze their project. most of them just take advantage of the hype then disappear.

[USBitcoinServices.Com]

If the whole crypto community get together, it will be easier to detect a scam project!

We need to be more coordinated and support each other. If a scam project is detected by anyone, that project needs to be on the target by the whole community and spread the word! expose the nasty scammers, etc!!

[istiak2277]

You can avoid fraudulent ICOs if, for instance, you study up on the development team, the white paper, Github, and other related information. And also always check out social media, Crypto forum so that you can have information about recent scam projects out there.

[Pamadar]

don't be interested in scams that offer instant big profits. ICO and IEO seem to be profitable but you have to analyze their project. most of them just take advantage of the hype then disappear.

Yeah right, participating should be more on deep understanding and not just to go on because of sweet promises. There are lots of projects out there where scammers are involved, developers just runaway after collecting huge amount of money and doesn't care about what will be the fate of the project just all for the money and nothing else.

[TanakabZX]

There is really no sure way to avoid fraudulent projects completely but you can safe your neck from getting scam by
1) Doing very good research on projects
2) Invest only on projects introduced by Top Exchanges
3) IEO launchpad from Top Exchanges can bring better profits compare to low rated exchanges

[TemTum]

Look at projects like TemTum

A fully deployed mainnet, listed on coinall and liquid, mobile apps and mou`s with serious industry and countries - all done without an ieo or ico - it was privately funded to 10m by the founders !

Don’t take risk on projects that claim to solve issues without any product - pick a fully deployed project based on 7 years of phd work !

[OrangeII]

If the whole crypto community get together, it will be easier to detect a scam project!

We need to be more coordinated and support each other. If a scam project is detected by anyone, that project needs to be on the target by the whole community and spread the word! expose the nasty scammers, etc!!

actually this has been done. some people have interfaced with projects that exist today. in addition, until now it seems clear scam projects are also easy to know. some projects that are not known to be scams sometimes scam when they have run their concept so that it is difficult to detect. however, until now, many people continue to look for the odds of a project like that, I appreciate them.

[memed97]

You can avoid fraudulent ICOs if, for instance, you study up on the development team, the white paper, Github, and other related information. And also always check out social media, Crypto forum so that you can have information about recent scam projects out there.

Yes, that is one of the few good ways we can avoid fraud projects which often occur in crypto forums lately, and I strongly agree with your opinion, because of studying in the development team, white paper, Github, and other related information is very important in crypto.

[asyakashi]

don't be interested in scams that offer instant big profits. ICO and IEO seem to be profitable but you have to analyze their project. most of them just take advantage of the hype then disappear.

Yeah right, participating should be more on deep understanding and not just to go on because of sweet promises. There are lots of projects out there where scammers are involved, developers just runaway after collecting huge amount of money and doesn't care about what will be the fate of the project just all for the money and nothing else.

We hardly find long-term projects, in the end we have to be careful to get back in and take advantage of the best moments. But no doubt the best strategy is to take profit and run.

[USBitcoinServices.Com]

If the whole crypto community get together, it will be easier to detect a scam project!

We need to be more coordinated and support each other. If a scam project is detected by anyone, that project needs to be on the target by the whole community and spread the word! expose the nasty scammers, etc!!

actually this has been done. some people have interfaced with projects that exist today. in addition, until now it seems clear scam projects are also easy to know. some projects that are not known to be scams sometimes scam when they have run their concept so that it is difficult to detect. however, until now, many people continue to look for the odds of a project like that, I appreciate them.

I have participated in many bounties before and have a big list of many scam projects, I should share that list soon! so others might be able to detect those bad guys stealing from crypto enthusiasts or bounty supporters and investors in general.
.
One project that comes to my mind now is Root project!

[Vishnu.Reang]

We hardly find long-term projects, in the end we have to be careful to get back in and take advantage of the best moments. But no doubt the best strategy is to take profit and run.

The biggest challenge we are facing in the ICO market is regarding the uncertainty surrounding the future development of the project. There is no guarantee that the promoters and the developers will remain committed to the project in the long term. Under these circumstances, the only safe way to invest is to purchase the tokens after they are listed in an exchange (and not during the ICO phase).

[mdzahed134]

Look at projects like TemTum

A fully deployed mainnet, listed on coinall and liquid, mobile apps and mou`s with serious industry and countries - all done without an ieo or ico - it was privately funded to 10m by the founders !

Don’t take risk on projects that claim to solve issues without any product - pick a fully deployed project based on 7 years of phd work !

Temtum has been huge success in the so many scam projects everywhere, although it wasn’t sell token in IEO or ICO any phase. They got enough private investors otherwise how can possible to success in this bearing market, you know many reliable ICO and IEO are not successful due to lack of funded. TEM will get a lot of marketing if added in coinmarketcap. Now it’s only listed coingecko. Why not apply for cmc i don’t know.