Too good to be real projects

[Clark05]

A good project sometimed is hard to find because they have a lot of scam right now. Scammer is very smart their true colord to hide the truth that their project is a scam so many investors are losing a lot of money once they invested to the project and only some of them are getting a lot of money with the true project but out of 100 project at this moment only 5 upto 10 is the legit and successful that is what I think.

[Ucy]

I think it's just better to verify their claims and not just wave them off because you think it can't be done in Crypto space. I believe there are other decentralized ways to get things like that developed without necessarily using a Blockchain. I suspect there will always be very few real solutions out of hundreds of fakes/scams. So, it's better for investors or hunters to research and verify the claims.

[EverybodysGottaPrice]

Too good to be real: My candidate is QUANT (QNT), currently ranked around nr. 75 on Coinmarketcap, with a marketcap of ~50 mil USD.

It has one of the most active communities of all crypto projects: Their unofficial telegram channel is exploding almost every day.
A patented unique tech (Overledger) that connects all different networks without adding an extra Blockchain / Consensus.
Connections to the UK government, and the EU, working already with banks on different trials / POCs behind closed doors.
NO inflation, like with so many other altcoins, and the token (QNT) has a real utility. Its needed for all transactions within the network, and for licensing purposes.

IF you have missed the early XRP run in 2015-2017, this could be the next project with a similar run, and it doesn't even need a marketwide bullrun to achieve this.
It already went from position 700 to 70 during the 2018/2019 bearmarket while 99% of the altcoins have dumped like crazy.
I'll just leave the following link here:
https://www.reddit.com/r/CryptoMoonShots/comments/fsyml2/quant_network_qnt_cryptocurrencys_last_unicorn/

[LogitechMouse]

I have fell for this too. Not as an investor but as a bounty hunter though.

I joined a bounty program which is related to AI Technology. We have watched the content of their video and we found it amazing. Since we are newbies at that time, we joined on their campaign. Cut the story short, luckily we got paid and it has been listed on an exchange already. The problem is the price of the coin went down very hard from around ~$1.00 to around ~0.01 right now. We have regrets that we hold it hoping that AI technology will boom in the next years but it wasn't the case.

The lesson: See if the main use of the token is real or I should say too good to be real. If you find the use of the project not real then ignore it.

[Crypto_lion]

There are some superficial projects which claim to implement artificial intelligence and machine learning inside the blockchain platforms. Blockchain is already in it's naive form and it has to take off . ML and AI are already in their naive stage as well . It will be difficult integrating them together .

[Romeotom]

Well said, even when i get a project then i do analysis long time with i check their (roadmap, team profile, partnership, telegram, activity IEO/ICO planing). I get low scam project list but more time i face failed project their token sales.

[bittick]

Well said, even when i get a project then i do analysis long time with i check their (roadmap, team profile, partnership, telegram, activity IEO/ICO planing). I get low scam project list but more time i face failed project their token sales.

It caused by the majority of projects who are failed on their token sales caused by they have no strong vision that can make investors wanna try to buy their token. This already happened so many times when a project failed to reach the soft cap. I have seen it so many times dude.

[TheUltraElite]

The lesson: See if the main use of the token is real or I should say too good to be real. If you find the use of the project not real then ignore it.

AI has been used as a buzzword but only to fool investors. Real development on it is happening in the tech firms and not some cyberpunk group who aims to become big by hoarding crypto. Thing is some people are foolish enough to put their money into these schemes hoping to get rich because it carries that buzzword. Blockchain was the older one and now it has been AI, you might even remember could computing being one of the more older buzzwords.

These projects literally failed or better to say didnt even develop anything in the first place. They run a nice scam and people are crying for being foolish now. So to prevent such incidents from happening, invest in mainstream companies and not shady startups/vaporware.

[Free1bitco.in]

Well said, even when i get a project then i do analysis long time with i check their (roadmap, team profile, partnership, telegram, activity IEO/ICO planing). I get low scam project list but more time i face failed project their token sales.

It caused by the majority of projects who are failed on their token sales caused by they have no strong vision that can make investors wanna try to buy their token. This already happened so many times when a project failed to reach the soft cap. I have seen it so many times dude.

true, but many projects make this their reason. as said, that sometimes a project is too good to be true, and difficult to make, making the project a scam and looking for reasons that make sense for investors to believe. it would be good if they returned investor funds, but if not, it became a scam. however, being careful in choosing investments is the best step.

[cassavachips]

I think their innovations have been good in the project, but unfortunately, it is not really as real as they say. This could have been a good long-term project, but they did not do well the opportunity. Only the profit sought and left. Very sad

[pandanaran]

generally new investors will judge the project by its cover as a high-investment gift. each project has a different offer and marketing and almost all ICO projects look valid. it's hard to say which ones are really good for investment, but I personally have stopped investing with ICO projects let alone those that offer high prizes.

[escalante28]

There are lots of projects that come in and already launched. If you will look at it sounds too good to be true. Every project will lay their most beautiful cards to hype the audience and will catch the attention of the investors. So before investing in a project, you must do your own research. With the current market now, everyone should analyze first the project and study their whitepapers if they have the capability of being successful.

[enhu]

I guess the reason why Hacken AI IEO failed this time.

There were many projects in the past 2 years that were doing IEO on exchange but most of the aren't making any developments. They were doing many efforts in promotion but nothing helps the price to take a nose dive.

There are lots of projects that come in and already launched. If you will look at it sounds too good to be true. Every project will lay their most beautiful cards to hype the audience and will catch the attention of the investors. So before investing in a project, you must do your own research. With the current market now, everyone should analyze first the project and study their whitepapers if they have the capability of being successful.

Some are just waiting for the bullrun before they will do the exit scam.

[zero714309]

In 2019 I also Invest and support A.I project and I thought the project was good but it turned out unexpectedly and there wasn't much demand. It seems increasingly difficult for now. For now people likely afraid to invest in new project.

[Eplus_Team]

Fake promises can be easyli identified when you are thoroughly analysing a project and I would suggest that if you doubt about the practicality of a project then you must not invest in it, in other words, if you found something suspicious about the project it is already a red flag and you should stay away from such a project.

[awakpane]

Indeed, lately, many new projects have emerged that offer sweet promises that ultimately do not happen as promised. I think in determining a good project it is not just seeing from the vision and mission, but what becomes difficult for us to determine a good project is their professional team or not. this is difficult to see.

[Jateng]

Indeed, lately, many new projects have emerged that offer sweet promises that ultimately do not happen as promised. I think in determining a good project it is not just seeing from the vision and mission, but what becomes difficult for us to determine a good project is their professional team or not. this is difficult to see.

Sometimes the reason is that the team didn't properly execute their project in exchange and the progress on how the project will success. It's turn out to be scam project because of those reason, they failed. At the beginning, it's important to determine first their goal and how their token will be valuable to the project itself. Sometimes they only raise funds to improve their project but after several months the value of their token drops. Project team is very important and the white paper if they include their former job description. Those are only few things you can consider in choosing the right projects.

[tiang_tower]

In 2019 I also Invest and support A.I project and I thought the project was good but it turned out unexpectedly and there wasn't much demand. It seems increasingly difficult for now. For now people likely afraid to invest in new project.

Yes, but we also have to understand that there are two types of new projects, the first is a new project without real products or products, this is clearly a project that is not suitable for investment, and the second is a project that already has products and can be owned in real, this is a good new project and we can make it as an investment field.

[WSDN]

Indeed, lately, many new projects have emerged that offer sweet promises that ultimately do not happen as promised. I think in determining a good project it is not just seeing from the vision and mission, but what becomes difficult for us to determine a good project is their professional team or not. this is difficult to see.

It's really hard to know which potential projects in the crypto market right now because so many scam projects are appearing everywhere and putting investors face a lot of great risks. I just want the market to be able to return to 2017 as this is the time when a lot of good projects work and help investors make a lot of money. Now things are different and there are very few projects to help investors make a profit.

[Crypto5060]

Yes, many of such projects exit in the cryptosphere. We've seen them making bogus promises on how they were going to scale even higher than bitcoin and ethereum with their unknown developers but they turn out to shit project.