the first reason why fraud projects are increasingly rampant?

[adzino]

I always complain about ICO projects not just because of rewards? but because of the increasingly rampant project fraud!

on the other hand the first reason why we find it difficult to know about fraud projects or not, because almost most ICO projects look real !!
and this is very unexpected, that there is a site that offers services to create an ICO project complete with ERC20 Tokens!
with only $ 50 a person can make millions of dollars from the results of fraudulent projects

https://www.fiverr.com/wedowo/create-your-ico-website-and-erc20-token

imagine if this continues, then the rich will increasingly become rich !! scamers

Let me honest over here. People complain only when they don't get their rewards or manage to make profit. I bet most of the people wouldn't even care if a project was scam or not as long as they got their share of profit. They wouldn't careless if the project did not proceed forward and abandoned as long as they managed to sell their tokens to cash out their profit. This is not about the project for them, this is more about the money they will be making.
If a person gets scammed because investing on those shitty project, then good. At least they are going to learn a lesson now.

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[Yamifoud]

I believe your complaint is right and it is rampant in the market. To the fact that we can't deny this thing that is why we need to find a way in order to be safe and not been fooled by these scammers. Besides, this scamming activity isn't new to crypto (maybe in you) and we are already aware of this but somehow the awareness has just been ignored by many because of a very attractive reward that scammers has been played. If we are blinded by these (broken) promises it surely we are the ones who's been their victim.

[joshua123]

$50 is not that big and if youre a careful crypto enthusiast you can feel if the project is somehow just a dummy one, and not exerting a lot of effort on marketing. But I cant just judge this by small works right? How about we refer on the legality? At least on this we can feel that somehow we are secure and peope working on the project is somehow trusted but of course its depend on how they can expand their platform. If you are after the ROI then join IEO. But if youre looking for a hidden gem that has potential you need a careful and vivid review.

[shoreno]

$50 is not that big and if youre a careful crypto enthusiast you can feel if the project is somehow just a dummy one, and not exerting a lot of effort on marketing. But I cant just judge this by small works right? How about we refer on the legality? At least on this we can feel that somehow we are secure and peope working on the project is somehow trusted but of course its depend on how they can expand their platform. If you are after the ROI then join IEO. But if youre looking for a hidden gem that has potential you need a careful and vivid review.

50 dollars can be big to someone that has a limited funds or limited source of funds  but he should also do proper research if he knew that 50 usd is too precious for him to loose  . its not about how much effort they exert on prmotions but its about how they create the project  . still anyone can make an exagerated banner and have the ability to pay to promote it but in the end investors are going to suffer once the project turned scam or became unsucesful  . legality is a good reference to to decrease the chance of being scammedd but still need to be careful  .

[Zeke_23]

If there are such services then it is very difficult to eliminate the Scamer project let alone the cost they spend very little until they can get amazing results until they do not appreciate us who continue to promote their project because without any payment, the team that manages the Scamer project go so far when the project is over, when the problem will be eliminated.

It will be hard to eliminate them and the only thing we can do is to avoid them as much as we can. It will be hard since it is unknown to everyone on how to determine the real and those good to be a real project, but at least bounty hunters should give more time to investigate and locate those fraud projects.

[sangjoewara]

ICO is the reason why scammers are on here and so far it's been a successful journey for many scammers since crypto space is a haven of freedom where you can do anything to your victims and run away freely, it's a big shame that to this day no single solution for such act

As a single solution, it does not exist until now, only for a temporary solution is to make some research on all new ICO projects and IEO projects on a low exchange, because IEO in a low exchange is also often a scam.

[yupi84crypto]

I agree that there are more and more scam projects and are difficult to distinguish from real projects, one of the reasons is right now
easy to make our own coins. Many services making ICO projects with only capital under $ 100 can already make ICO projects.Therefore
we are very difficult to distinguish real or fake projects. So no wonder since 2018 until now almost 90% projects are scams.Very worried
about the condition of the crypto world today.

[asriloni]

ICO is the reason why scammers are on here and so far it's been a successful journey for many scammers since crypto space is a haven of freedom where you can do anything to your victims and run away freely, it's a big shame that to this day no single solution for such act

As a single solution, it does not exist until now, only for a temporary solution is to make some research on all new ICO projects and IEO projects on a low exchange, because IEO in a low exchange is also often a scam.

It caused by there was a lot of manipulations that happened with the IEO that runs on the small exchange site. I have seen a bunch of scam IEOs never tried to be transparent to the investors about how much they raised from the crowdsale and it was always getting manipulated to fool the traders to buy such crap token.

[rahmatullah9305]

I agree that there are more and more scam projects and are difficult to distinguish from real projects, one of the reasons is right now
easy to make our own coins. Many services making ICO projects with only capital under $ 100 can already make ICO projects.Therefore
we are very difficult to distinguish real or fake projects. So no wonder since 2018 until now almost 90% projects are scams.Very worried
about the condition of the crypto world today.

Yes, it is very difficult to distinguish between fake projects and real projects, because the scammer projects are already very clever in printing fake projects that are almost similar to the real ones, and the only solution now is to make several studies of new projects as detailed as possible so that we can know the clarity of the project, even though we cannot know it fully.

[MUG1WARA]

It will be hard to eliminate them and the only thing we can do is to avoid them as much as we can. It will be hard since it is unknown to everyone on how to determine the real and those good to be a real project, but at least bounty hunters should give more time to investigate and locate those fraud projects.

yes to get rid of it is very difficult maybe out there are still many website makers and erc20 at a cheaper and correct price you say if we have to spend more time doing research

[tvplus006]

As a rule, such fraudulent projects differ in that they use free site templates, fake team, and plagiarism whitepaper. All this is done in order to minimize the cost of creating a fraudulent ICO. But if you carefully study the ongoing ICO, all these signs of fraud are easily identified.

Well there are some projects that looks really legit people would not believe that the project turns out to be scam. Reminds me the case of IEO scam in the past in 1 one most popular platform that the aftermath severely destroy that exchange's reputation.
These kind of scam ICO usually using someone else's identities by faking it, so if someone really want to make sure try to find some clarification by forcing them to appear or making clarification video.

Indeed, if the ICO team uses videos from various conferences in its presentation, it will only increase the confidence of investors in the project. Unlike legitimate projects, scammers usually use stock photos or photos processed in the editor, so they will not be able to submit videos of their team to confirm their legality.

[XCANA]

The only things that keep the scamming world growing is the inability of the cryptocurrency populist to understand the ways these guys work around the globe. The only thing that keeps them winning is the newborn babies who have joined the world of cryptocurrency without any good idea of the ways these guys operate. Let's be more careful about the offers these guys bring onboard and we should be more less greedy. Greediness is the major causes of these victims in the hands of the fraudsters. So your research before invest in any project or offer.

[mdzahed134]

I hope there is no new ICO that popping up again. Basically yes, the scammer will help to ask some easy services to scammed the people here.

Other than that, the majority of ICO and its behavior will give a lot of profit although it is just for short term investment.

I only saw, there is a few project that held some ICOs or IEOs who successfully launched and have a real function for this world at least in the future. But most of them only gone to the trash and being shitcoin.

Now no one will invest in an ICO because they know it's a scam. They will never waste money and time on such bullshit projects. Right now IEO is the best option for people to invest in to earn a profit, but we should only join IEO at the leading exchanges in this market to ensure safety.

Exactly i haven’t seen Jan to right now there are any successful ICO projects because this is 2020. Now investors are very smart everyone will analyzing hardly before investment any kinda of ICO project. And i do not wanna say from one side IEO's is the best way, also here not much credential in all of IEO's investment, only a few stock exchanges are pretty good.           

[cassavachips]

I really hate that, it's better to invest in projects that are clearly running and the number of them is no less much than new projects. New project investment, especially ICO is better to avoid it now. When there are no clear rules for new projects, investment is a waste of money.

[palle11]

This is not a new things. Scammers are doing this for a long time because of the ease of creating a token and launching an ICO. The total cost for launching an ICO perfectly is below than $500 and scammers are taking that chance.
It is true that it is not easy to detect ICO fraud or not but it is not that hard. Very few scam ICO are well planned. If investor takes a deeper look at everything, it is easy to decide whether it is scam or not.

It is not enough for us to keep saying it is not a new thing while ills keep going on here against innocent hunters trying to support project and get paid too.
We can move ahead further to check this scammers by starting from those bounty mismanagers who have been flagged for running scam bounties. The forum can ban them and gradually scamming will reduce because it is really out of control.

[Starfranko]

I would agree with you after going through the gig. Creating everything is as easy as anything and as such fraud will always abound due to the low cost of launching it. We should help stop these ICOs and IEOs before it's too late.

[Maackayon1]

It's not like before , as at now fraud projects has reduced. If we are not greedy we will know. Our greed and laziness is what covers our eyes from seeing it.

[Mealea]

Scammers are feeding fat while we are swimming in loss that is the stories of ICO in the past. I guess the rate of scam has reduced drastically over time thank God for every individuals that are taking their time to analysed projects before engaging in it.

[Firefoxx]

This is really sad, scammers are really benefitting from others hard earned money. I do think we have to becareful while investing. And many will spend such little dollar, get more than 500$ and just mute. Some also do pay people on telegram to add up fake users just to increase the group growth and embarks on bounty .

[thesmallgod]

If you check very you will see most of this dev folks always target Ethereum blockchain due to cheap cost to create a smart contracts and this is the reason why many scammers too always like to go for Ethereum blockchain. In fact if you check on services discussion you will see many users that offer such services at a very low cost.