Too good to be real projects

[awik p]

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, will never work on blockchain, at least not this time

Or more likely not needed at all. Some projects have been introduced but if you noticed their concept they are likely nothing related on blockchain but still they are insisting on putting up a project even its not necessary. These are the problem with some alts they are trying to incorporate ideas into blockchain even though it isnt matched. Dont invest on these types.

right, there are many projects like that, where they will most likely run away with investors' money. for now sometimes projects with a convincing theme can even be fraudulent. or maybe I am not good at analyzing ... my advice is not to use your total funds for a new project at this time

[TanakabZX]

I find it very hard to believe any A.I project in crypto space, many of them don't have real A.I tools or products yet they raised lots of money, in the end they exist scam, I don't or won't trust any A.I project sorry

[Mighty_crypt]

OP is correct about A.I projects, I promoted many A.I bounties in 2018 and 2019 but none became successful, it's more like a scam scheme, they raised fund successful but that's it, the telegram channels became dead

[rahmatullah9305]

I find it very hard to believe any A.I project in crypto space, many of them don't have real A.I tools or products yet they raised lots of money, in the end they exist scam, I don't or won't trust any A.I project sorry

Yes, most AI projects only show a good appearance, even though if we examine it, there really isn't any at all, projects like this that should be watched out for, because they could end up with a scam after the project promotion period is over.

[Kvalentine]

  there are many clean ways of scamming investors in crypto space, once they deliver a good futuristic project you get hooked easily, that's the case with A.I projects on blockchain, some are even promising a A.I City like cyborg shit doing the dining in clubs, tell me how all this is possible?   so laughable

[OasisDre]

To sell out ICO this days you have to give something very attractive to the audience right? This is another perfect weak point for investors, just because the project offers something very attractive doesn't mean it will work, you need to consider the use case first

[Rosilito]

To sell out ICO this days you have to give something very attractive to the audience right? This is another perfect weak point for investors, just because the project offers something very attractive doesn't mean it will work, you need to consider the use case first

Agree but sometimes you wouldn't know unless you try. On the contrary to this, the problem here is that the assurance to being a failure is totally a high, that we shouldn't disregard. So no matter how attractive, persuasive it will be, we should always embrace the fact that stuff aren't always working the way we thought it would, not even the least especially when it is totally far from reality. Thus the irony with such project is too strong. The key to avoid such failure is not to check what's behind only, but to study thoroughly the use case it has, if it is realistic, feasible, achievable with today's environment, and lastly the essentials that shouldn't let go unchecked.

[danherbias07]

It is good to warn them but in the end it will always be their choice.
I see millions of tokens being distributed just for the bounties and I think those are the ones which are too good to be true.

I have joined lots of bounties and none of those big numbers are really successful.
There is just 1 which I have millions of token but it is worth it.
But the others? When I receive even just hundred of thousands then I know it will just be dust.

[kooboat]

In the last two years or so, there have been a number of projects established on A.I. People need to understand and appreciate that there are some projects that promise realistic and simple ideas but still end up failing in the long run. The situation is very dicey when it comes to blockchain based projects.

[Lantind]

To sell out ICO this days you have to give something very attractive to the audience right? This is another perfect weak point for investors, just because the project offers something very attractive doesn't mean it will work, you need to consider the use case first

At this time the ICO project has very few who believe, so it will be difficult to sell to any audience, because in the past the average ICO project experienced a scam and investors became the most victims of the scam at that time, so the ICO is no longer trusted by any investor although polished very well by the developer.

[OrangeII]

It is good to warn them but in the end it will always be their choice.
I see millions of tokens being distributed just for the bounties and I think those are the ones which are too good to be true.

I have joined lots of bounties and none of those big numbers are really successful.
There is just 1 which I have millions of token but it is worth it.
But the others? When I receive even just hundred of thousands then I know it will just be dust.

Well, I can feel what you feel. I have also been quite supportive of the project, and only a few are truly priced. but, I think there are still quite a lot of potential projects ahead. I really want to support projects that I think have strong potential when the project is already running. teams, partnerships, concepts, and so on are worth seeing. besides that, trust is what is really needed to be a good project.

[safem]

It is a pity that so many people are easily been fooled by projects which make empty promises. A lot of them will be promising their investors certain things which can never come to reality in the course of time.We really need to be on the watch to avoid been taken by empty promises. It is so unfortunate that most crypto enthusiasts are always victims of this because  majority do look for cheap and good things on the platter of gold.We need to take some cautions whenever we are trying to participate in bounty campaigns or invest in some good looking projects.The place of carefully investigating projects well before enrolling for them should not be under estimated.

[bonyaserg]

I can say that now there is a very difficult situation on the cryptocurrency market and, accordingly, the projects are very weak and no one wants to invest in projects that will not bring profit in the future. Moreover, there are a lot of projects now and everyone wants to make a profit in this market. But now it’s difficult to get profit from the project, it’s like winning today in roulette and lost tomorrow. So doing business in the crypto industry market is very risky and you can simply lose your capital.

[joinfree]

That's the blatant truth @OP. Some of the projects that get launched into this space seem to be promising all that they can't accomplish in the name to lure investors in. What we see in the end is a dead project with no liquidity causing investors to lose huge sums of money. i think we have come a long way to fall for these scams again.

[fuer44]

actually many have warned about this and also many are talking about real use case projects. because in fact today and so far the crypto project only exists in the range of blockchain and technology and it is not implemented in the real world. it means investing in the field itself, developing something that has been done before and it is indeed not good for the long term. so don't be surprised if very few projects are able to last long and the tokens are able to compete in the market.

[totoy4741]

To me A.I projects are all scam projects, they exist in a way of saying they never met softcap so they can't continue the development but to say the truth I have never seen any video on YouTube about these projects having any real Artificial Intelligence programs or setups, it's a fat lies

The thing is would they really be able make to those kind of projects they are planning to work on or were there any chance such project was achievable? I was able read a whitepaper of a certain A.I projects and I think their vision were to very much futuristic kind of porjects that my mind cannot comprehend. I mean it just too way out of the context of what our technology can do.

[Balladtony77]

It's true that some projects are impossible still on blockchain, that's why I neglected some projects last year e.g CitiOS, it's never going to work, I think the team are just looking for ways to attract investors and raise good money out of the project idea

[yanto@1977]

' stay away from offers that are too good to be true'

This is the key to avoid scam project, unrealistic target and discount at event should make us think this is the right project I should leave. Some people see project as opportunity to make money and have perspective everything is possible, not wrong but not always right. Realistic came from project information and developer track record history, that's become our basic analysis. Learn from fail/ scam project before, use their as comparison with new project, in this part wasting time is necessary.

[TWW]

' stay away from offers that are too good to be true'

This is the key to avoid scam project, unrealistic target and discount at event should make us think this is the right project I should leave. Some people see project as opportunity to make money and have perspective everything is possible, not wrong but not always right. Realistic came from project information and developer track record history, that's become our basic analysis. Learn from fail/ scam project before, use their as comparison with new project, in this part wasting time is necessary.

some projects falsify the track record of their developers. marketing that looks good with sales and big bonuses does not provide guarantees. but sometimes investors also like the activeness of developers in making updates and surprises in the collaboration platform. There is no guarantee, but how can we analyze it that will be truly correct? I guess all of us who chose to invest in new projects are gambling with their money.

[Blackdeath]

Becareful of fake promises from new projects, some use cases can never be possible on blockchain and many don't know this, I've neglected some projects because of this, why are investors fooling themselves? The warning that says ' stay away from offers that are too good to be true' is not entirely talking about profits only, sometimes it's more than that, how can we be promised that a city will use A.I technology when no single A.I project is successful in crypto space? Be wise fellas, some things will never work on blockchain, at least not this time

To be honest, there is an AI technology that have become successful which is the blockchain technology that big companies and businesses are also started to adopt it for fast and convenient transactions. But it's true that there are more projects that are not successful rather than successful projects because there are not well developed and scams, that is why you shouldn't be falling in projects that makes false promises or things that are too good to be true.