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Author Topic: Altcoin season, scam altcoin projects will appear. Check their Githubs first  (Read 1383 times)
Balladtony77
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July 01, 2020, 12:48:53 PM
 #61

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels

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July 01, 2020, 01:10:48 PM
 #62

It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.
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July 01, 2020, 01:24:25 PM
 #63

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels
Not all people are tech gurus and my topic only gives a tutorial to quickly glance at Github for checking activity of project developers. If you are not a tech guru, you can not assess quality of developers' works.  Grin
It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.
Smart scam teams know how to make an interesting and beautiful whitepaper and don't plagiarise. You are right that most of scam projects have plagiarised whitepapers but it is not always true.

It is basic to say "Don't trust on anything that claims to good to be true". If you are still curious and have time to investigate, do more on ANN thread, Github and so on.

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July 01, 2020, 01:26:09 PM
 #64

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels
It's not all of projects were updating their activities through github and there are so many platforms who have been privately developing the product. It's better to see that from the product that has already developed. we can see that from the functionality of the product itself.

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July 01, 2020, 03:13:11 PM
 #65

Lack of activities on github can reveal what was planned for a project, that's true but not always, projects can still turned scam even if their github is active, some projects appeared to be so legit enough to fool anyone, they keep github active to fool people who belief that active github means something good, Scammers have different set of levels
It's not all of projects were updating their activities through github and there are so many platforms who have been privately developing the product. It's better to see that from the product that has already developed. we can see that from the functionality of the product itself.
we need transparancy from developer team about their development. we spend alot our money to them so its be their obligation to send developtment progress. and github could be the media between them and us , this is be indicator how they work to realize all plan.

stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
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August 19, 2020, 12:05:18 PM
 #66

DeFi is overwhelming recent weeks but scammers are only waiting for such hype wave to release their new scam projects. Please read my OP and I wish all best for you to not get trapped by scammers.

See some threads on DeFi that aims on scam DeFi projects
Top 10 DeFi projects
DeFi scams [history]

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September 08, 2020, 06:40:38 AM
 #67

Exactly having to check the source code first, DEFI projects are often very vague about project identity and source code release. Farming projects are blooming and often copy the source code of previous projects. If you have difficulty viewing the source code, consult the blockchain developers who can help you answer your questions.





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hd49728
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September 14, 2020, 12:41:58 PM
 #68

Exactly having to check the source code first, DEFI projects are often very vague about project identity and source code release. Farming projects are blooming and often copy the source code of previous projects. If you have difficulty viewing the source code, consult the blockchain developers who can help you answer your questions.
The tip of the scam iceberg is easy to recognize. The name of token is kind of common trend used by scammers. Check their project's roadmap, coin or token specifications, total tokens own by creators, and activities on Github.

When you check activities on Github, it is the time you move further to dig deep and investigate their projects. Sometimes, I don't check Github because it is enough to realize their scam methods at beginning.

Many bitcoin forks, many swap DeFi, many delicious tokens. The later created tokens are copy cats from source codes to names. Forks from source codes, and fork from names. Scammers are stupid and they only be able to reproduce works of others, with very small changes.

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hd49728
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November 23, 2020, 04:03:42 AM
 #69

Crypto market is crazy during the past few months. DeFi projects are everywhere and not all of them are newborn DeFi projects. Some of them are dead projects that borrow the DeFi name and swap their dead coins to ERC20 chain and use the DeFi names to try attract new investors who don't know origins of those dead projects and steal money from those greed investors.

The steps in OP can help you to check out development activities of dead projects before they swap to DeFi. Don't believe in their promises, look at their development activities instead.

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November 23, 2020, 11:37:29 AM
 #70

It is given that every time there is a successful project there will be a clone of it no need to look on github the Anne threat shows it all even the white paper sometime is a copy-paste with a little revision on it, some scam project will be too lazy to even make a presentable website most of them will just use what it is already on it and add a little text on it, Defi or not has the potential to be a scam.
Quite true. If you look thoroughly on their whitepaper you can now barely see if the project were a scam or not, if it happens you spot some plagiarized content then there's a high probability that it was a scam, and be sure to stay away from it. Their website could also be another way to tell if the project was a scam, I am pretty sure you can tell if the content of the website was legit or not. Websites also contain the developers of the project if it happens their info was missing that was definitely a scam and based on my experience I've seen several projects like that, they eventually made an exit scam. But yeah these are just simple ways to determine the legitimacy of the projects, if you still like more in-depth investigation then try checking the progress on Github would be better.


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