Well Organized Scam Projects

[Esterklu]

Only deep research. I also keep a close eye on how the projects keep their promises and how realistic they are. But of course, no one can give you a 100% guarantee.

[1715405664]

1715405664

[StephenJH]

there are really a lot of perfect scam and even we investigate deeply about the project we wouldn't still know that it's a scam.

Scammers are not stupid, the wise scammers know how to use the tricky ways for fooling even experienced users. Social engineering techniques never die and the worst side of social engineering is the user gives all necessary information for scamming. Perfect scams don't exist, only stupid users let them do whatever they did for convincing the opponent side.

[Inosend]

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of  harm to blockchain technology and crypto space and something has to be done to stop it.

[Psynthax]

Only deep research. I also keep a close eye on how the projects keep their promises and how realistic they are. But of course, no one can give you a 100% guarantee.

As long as what already promised by the project looks realistic and it may be considered as a project that is still in the gray area caused by it has the possibility to be a good project nor bad project too. The fact that if there's not a thing that will give you 100% guarantee. People have already familiar with this as the main thing to determine the project whether it's a scam project or a trusted project.

[jhonjhon]

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of  harm to blockchain technology and crypto space and something has to be done to stop it.

It is absolutely happening since before. Scam and other forms of fraudulent activities are already existed not only in crypto but also in the outside.
Scammers are now developing their strategies to work effectively that is why they can't be easily recognized to be scammer.
And talking about the stoppage of this kind of market trick is out from reality coz definitely we can't make it possible. That is why we should be careful and take more precautions is choosing a project for investment.

[Kasabus]

Only deep research. I also keep a close eye on how the projects keep their promises and how realistic they are. But of course, no one can give you a 100% guarantee.

As long as what already promised by the project looks realistic and it may be considered as a project that is still in the gray area caused by it has the possibility to be a good project nor bad project too. The fact that if there's not a thing that will give you 100% guarantee. People have already familiar with this as the main thing to determine the project whether it's a scam project or a trusted project.

Nowadays, it's really hard to find a legit project as almost of the projects seem so legit but at the end of the campaign, they suddenly break their promises. If i were to check the legitimacy of the project, i will research deeply the personal record of the bounty manager. Of course he would not let his dignity messed up with a scam project. And check if the members in the telegram are all active especially the team behind it.

[Natalim]

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of  harm to blockchain technology and crypto space and something has to be done to stop it.

It is absolutely happening since before. Scam and other forms of fraudulent activities are already existed not only in crypto but also in the outside.
Scammers are now developing their strategies to work effectively that is why they can't be easily recognized to be scammer.
And talking about the stoppage of this kind of market trick is out from reality coz definitely we can't make it possible. That is why we should be careful and take more precautions is choosing a project for investment.

As the market is growing, more scammers are trying to milk from people who does not educate themselves on crypto.
We cannot stop these scammers to play around in less regulated market, but we can minimized their activity by making ourselves educated to crypto.
We learn and share our experience, that would already help the newbie in the market as they are usually the ones who will easily fall on the scams.

[pikkie]

there are really a lot of perfect scam and even we investigate deeply about the project we wouldn't still know that it's a scam.

Scammers are not stupid, the wise scammers know how to use the tricky ways for fooling the even experienced users. Social engineering techniques never die and the worst side of social engineering is the user gives all necessary information for scamming.

Scammers will have more advanced plans than their victims because they must have done careful planning so that new traders who still don't have much experience will be exposed and become victims of these scammers.

my advice is better to be careful when wanting to invest or trade in a new place of exchange.

[Twinkledoe]

They are everywhere I mean they've spread like viruses and the major problem here is that this guys are causing alot of  harm to blockchain technology and crypto space and something has to be done to stop it.

It is absolutely happening since before. Scam and other forms of fraudulent activities are already existed not only in crypto but also in the outside.
Scammers are now developing their strategies to work effectively that is why they can't be easily recognized to be scammer.
And talking about the stoppage of this kind of market trick is out from reality coz definitely we can't make it possible. That is why we should be careful and take more precautions is choosing a project for investment.

As the market is growing, more scammers are trying to milk from people who does not educate themselves on crypto.
We cannot stop these scammers to play around in less regulated market, but we can minimized their activity by making ourselves educated to crypto.
We learn and share our experience, that would already help the newbie in the market as they are usually the ones who will easily fall on the scams.

That's right, since we can't stop those scammers from screwing unknowingly individuals. It is better not to support them for now and make time to educate ourselves. Maybe they are planning a new scamming scheme. They are getting better and better these days. Also, if you found one, even in telegram channel you can report them so they will be banned accordingly.

[lienfaye]

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

Researching can help to determine if the project is legit but its not enough sometimes, as you have said there are scam projects that looks real and promising.

So we have to be extra careful and look for the factors that can identify the legitimacy of the project. Gather an information and ask for opinion of your known crypto enthusiasts (or here in the forum) it can give you an idea and a decision whether to trust the project or not.

[Goodvalony]

My opinion though, invest for such term and not for the long term because we all are here for the money. Nobody cares about how you loose your funds. it is all about how much you accumulates. most calculated scammers always make it to the big exchanges. Make huge sales before disappearing. if you are scared of gambling, leave the project. such projects are always short term. Know when to move in and when to sell out.

[Free1bitco.in]

the best way I think about avoiding project scams is to buy tokens from projects that already have a lot of markets, especially in large markets. for examples like XRP, or LTC, it is a coin that already has many popular markets. I think projects like that are safer than projects that only list in a few markets. in addition, for new projects, try to see their potential with whom they work together.

[Mighty_crypt]

I will like to list few ways you can detect scam projects on this forum  but mind it remember to only invest what you can afford to lose
1. github
2. Tough questions
3. Use search engine on team images

Also make sure that the team have experience of what they are planning to do, not through LinkedIn accounts only

[ahmia39]

My opinion though, invest for such term and not for the long term because we all are here for the money. Nobody cares about how you loose your funds. it is all about how much you accumulates. most calculated scammers always make it to the big exchanges. Make huge sales before disappearing. if you are scared of gambling, leave the project. such projects are always short term. Know when to move in and when to sell out.

Yes, someone who always knows when to move and when to sell, will always avoid losses and avoid scammers, because everyone needs more understanding and knowledge to be able to benefit in the short term, because the market situation is always changing at every year.

[Iyanu14]

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

At times, one may not be able to avoid all scam projects, even the wisest of the investors or hunters may not be able to, but if one is able to avoid about 95% of scam projects, then it is a good thing.
Part of the points I want to add is that, we should consider the integrity of the bounty manager handling such project, what was his or her past achievement when it comes to delivering good bounty projects.  There were some BM that 3 out of the last 5 projects they executed have not paid people and without the hope of paying, the same BM is coming up with another project again, then we should be careful.  Another caution is that, we should be careful of too much sweet promises from the projects.  There are some promises or plan that seems almost impossible.  When we are seeing all these too sweet promises, then we should take some caution.

[Cheesus]

I will like to list few ways you can detect scam projects on this forum  but mind it remember to only invest what you can afford to lose
1. github
2. Tough questions
3. Use search engine on team images

Also make sure that the team have experience of what they are planning to do, not through LinkedIn accounts only

Cool observation, mate! Any investor should follow these steps to find a better project! Most of the project doesn't have GitHub sources, they just create some new accounts and buy some old accounts and rebrand it to their project name and come to raise money! Everyone needs to research about a project's team members because all the fraudulent project uses photoshop pictures in the team section! I asked some questions to RideNode team about regulations, they gave a shitty answer and then banned me. So, it's another good idea to ask a constructive question to know the project's depth!

[trauchot]

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

[Jateng]

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

It's the right choice since this crypto exchange have reputation over the past years and continue to provide to their users. It's hard to track down this scam projects because of well organize and realistic but there are some aspects that you can know if it's a scam. You should ask them some difficult question specially about their purpose and objectives of the project directly to their admin. Always read a lot of project review it will help you a lot.

[zaim7413]

Nowadays it is very risky to invest in any cryptocurrency project, so now I only make investments in cryptocurrency projects that conduct IEO on top exchanges like binance, huobi, bittrex and constantly get profit and do not lose my investments.

This looks a bit funny, because in your main sentence you say that at this time it is very risky to invest in a crypto currency project, but in the next sentence you say you always make a profit from investing in a crypto currency project, you should say this in advance so you don't looks funny.

[akirasendo17]

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

There is always a hole in a scam projects, they will always mistakes in the middle of their scheme all the time at the same time there are always people who research regarding the projects , these people always look at the projects very carefully, they also make comments in a group made by a projects and ask lots of question, because they knew something is not right, so always read comments to be safe don't just look in one group