the first reason why fraud projects are increasingly rampant?

[X-ray]

The main reason is lack of regulation. The industry needs safety standards that allow only validated startups to open ICO sales. Up to this date, anyone can make an ICO and is up to you to believe in the project and invest.

I think that regulation can be considered as the side factor but the main must be the bullish trend that happened with crypto has already made so many scammers were trying to fool the crypto users. It's all going back to the money dude.

There was a new safety standard called IEO launchpad but it must be launched by trusted party

[fullhdpixel]

I don’t really know for you, but scammers are not really new thing for me. Anywhere I go online, as long as it’s business and money that is being discussed , I’m always sure to expect scammers, it’s up to me to know the right thing to do and avoid them as much as possible. So, don’t act like it’s a new thing, because it has always been like that, there have been a lot of them right from beginning. The more the number of ICO projects continues to grow, the more there will be scam projects.

Most of them now are trying to make it look real, but still it’s only those who are dumb that falls for it. You shouldn’t rush into anything you see online, you have to be skeptic at first, take your time to research them and know who they are and what their project is all about.

[Latines]

I don’t get it either. Who said that scammers have just begun their activity?)
I do not remember that there were few projects in 2017-2019. Each year has a lot of scam projects.

[ameliana]

yes, no wonder why many ico projects that use the erc20 platform end in fraud, because we know that making tokens using the erc20 smart platform is very easy. on the other hand this can also be an opportunity for fraud through ico + token erc20. Beware because scamers always have ways to commit fraud.

[skeleto88]

I don’t get it either. Who said that scammers have just begun their activity?)
I do not remember that there were few projects in 2017-2019. Each year has a lot of scam projects.

They are everywhere at any given time. If only there is group of people that are able to apprehend those scammers then the crypto community will all live worry free and continue to grow our projects and investments.

[Kvalentine]

Crypto scammers always make the biggest life changing money from the scheme since crypto investment involves millions of dollars, and the big ICO success of 2017 did give crypto away, scam is a bit reduced since IEO took over ICO but scammers still use other ways, scammers will always be amongst us

[CaVO32]

Of course, scammers will mimic any real ways for real projects. Some will get it more, others less. However, everywhere there is always an element of deception which is revealed with due deep analysis.
Therefore, it is worth delving into projects as deep as possible, even if initially you will not find anything suspicious. If there is nothing suspicious, it is suspicious.

this is the responsibility of every investor, whether you are a small or big investor. since scammers will always find a way how to introduce their project in an attractive way and seemingly legit, it is for the investor to do his own due diligence. we can't stop those fraudulent projects as they can freely launch what they want, so it is now on investor's end how to stop his possible losses from these crap projects.

[StephenJH]

Of course, scammers will mimic any real ways for real projects. Some will get it more, others less. However, everywhere there is always an element of deception which is revealed with due deep analysis.
Therefore, it is worth delving into projects as deep as possible, even if initially you will not find anything suspicious. If there is nothing suspicious, it is suspicious.

this is the responsibility of every investor, whether you are a small or big investor. since scammers will always find a way how to introduce their project in an attractive way and seemingly legit, it is for the investor to do his own due diligence. we can't stop those fraudulent projects as they can freely launch what they want, so it is now on investor's end how to stop his possible losses from these crap projects.

Agreed, there were times when it was possible to invest in Xshtcoin, dump it, and invest in another Yshitcoin. The fraudulent projects are more than half of all projects but the counting decreases year by year due to the factor of diminishing unskilled crypto investors. Free launch can be found on a mousetrap, so everyone should keep themselves as responsible for loss occur in the scam crypto project. The altcoins below 2000 CMC ranking are mostly scam and useless pump-dump tokens but there are plenty of lightweight investors who still invests with HYPE.

[coinsycrip09]

Of course, scammers will mimic any real ways for real projects. Some will get it more, others less. However, everywhere there is always an element of deception which is revealed with due deep analysis.
Therefore, it is worth delving into projects as deep as possible, even if initially you will not find anything suspicious. If there is nothing suspicious, it is suspicious.

yeah, we really have to dig deeper about the projects that we will choose. it will not be easy because scammers really make their projects look like real so it is very difficult to distinguish them from real or scam.

i think you're right "if there is nothing suspicious, that is suspicious." we really need to feel suspicious and always be vigilant so we don't suffer losses.

[Bitstar_coin]

Crypto scammers always make the biggest life changing money from the scheme since crypto investment involves millions of dollars, and the big ICO success of 2017 did give crypto away, scam is a bit reduced since IEO took over ICO but scammers still use other ways, scammers will always be amongst us

the volume and intensity of crypto scams has since reduced. I largely regard it as a result of changes and knowledge acquired over the years by investors. Back then, investors don't really ask much before commiting millions of dollars in ico, but since their ugly experiences which have forced them to learn over time, investors now think thrice before even participating in ieos

[Gab20]

Of course, scammers will mimic any real ways for real projects. Some will get it more, others less. However, everywhere there is always an element of deception which is revealed with due deep analysis.
Therefore, it is worth delving into projects as deep as possible, even if initially you will not find anything suspicious. If there is nothing suspicious, it is suspicious.

yeah, we really have to dig deeper about the projects that we will choose. it will not be easy because scammers really make their projects look like real so it is very difficult to distinguish them from real or scam.

i think you're right "if there is nothing suspicious, that is suspicious." we really need to feel suspicious and always be vigilant so we don't suffer losses.

Continous wrong can never make any right. That you have already joined a project does not mean you should not continue to research on it. Yes, the first research and a thorough one us very important, it should not stop there. Continue with your suspicion until it ends, until you get your reward, listed on exchnage and until you are able to get what you truly want.

[pgbit]

There are many types of ICO but most of them are in ICO is scam. We have to look very closely to see which ICO is better positioned in a good market but in 2017 and 2018  there is a high probability of 75% scam project. Market value is too low but I think these projects is not good of ico project. There are many projects we need to learn from ico crypto market, the market to snatch money from ico project so the main symptom is need to learn find out the better ico project.

[danggoron]

Very sad. Anyone can make fake projects using the service, make fake teams, and other manipulations, really ironic. That is why new projects that are actually potential and legit are lacking market support and trust because investor confidence in this field is declining.

The only way for new projects to gain public trust is to collaborate with trusted companies or global exchanges. It will automatically form a strong community.

[matchi2011]

Very sad. Anyone can make fake projects using the service, make fake teams, and other manipulations, really ironic. That is why new projects that are actually potential and legit are lacking market support and trust because investor confidence in this field is declining.

The only way for new projects to gain public trust is to collaborate with trusted companies or global exchanges. It will automatically form a strong community.

New project who desire to gained support and really aiming to succeed needs to have enough funds to collaborates with well known company, without budget and with the competitions it's hard to fill the trust coming from investors and traders. If they have the capabilities to use their own money as initial investment  then there are chance that support will be there and interest will rise high from the investors.

[Dhoe]

Very sad. Anyone can make fake projects using the service, make fake teams, and other manipulations, really ironic. That is why new projects that are actually potential and legit are lacking market support and trust because investor confidence in this field is declining.

The only way for new projects to gain public trust is to collaborate with trusted companies or global exchanges. It will automatically form a strong community.

But the way you mentioned it requires a lot funds to collaborate with trusted companies or global Exchange. Every new project is certainly this is a big obstacle, except if  they are ready with all their personal funds or there is a guarantee from their supporters.

[FrozenBit]

Very sad. Anyone can make fake projects using the service, make fake teams, and other manipulations, really ironic. That is why new projects that are actually potential and legit are lacking market support and trust because investor confidence in this field is declining.

The only way for new projects to gain public trust is to collaborate with trusted companies or global exchanges. It will automatically form a strong community.

New project who desire to gained support and really aiming to succeed needs to have enough funds to collaborates with well known company, without budget and with the competitions it's hard to fill the trust coming from investors and traders. If they have the capabilities to use their own money as initial investment  then there are chance that support will be there and interest will rise high from the investors.

Agree with you, new projects now need a separate operating budget. They need to have multiple partnerships and get listed at the exchange before calling for investors. If the projects are just starting at zero then I think it is difficult for them to succeed in this market.

[rodskee]

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

This is unexpected for people whos lazy to make a research mate,
if you are not decided because of
their ann thread and road maps?then better ask for the community
opinion specially those experts
 here regarding scamming ,there are scam busters in this forum that
 always willing to help us not
 becoming victim ,you cans end them Private Message if you are not
 sure about the project and let
 them do the Job telling the forum whats inside each projects.

[Ozero]

The main reason for the large number of fraudulent ICO projects remains the absence of any regulation of this type of activity by the states. If states register, leave copies of personal documents of the ICO team and verify them, fraud among ICOs will practically disappear. Over time, it should be so. After all, fraud in all states is a crime and law enforcement agencies are required to prevent their commission.

[leea-1334]

I am also surprised that only with $ 50 of scamers can generate more than millions of dollars from the results of deceiving the victims. I think the erc20 platform has ease in terms of access and people can easily make tokens through this platform. On the one hand scamers always have many ways and they are always around us.

I always say here,,, do not blame the technology, ERC20 and Ethereum and basically any other smart contract platform have done things that made previously complicated matters like tokenization and fundraising very easy, we should be happy for that. Scammers are early adopters this is the fact we should also be aware of. Scams will always take advantage of ignorance and greed. Let us not give in so easily to them.

[mamesso]

Project scam has been happening for a long time, and they continue to grow until now. We can't complain in a situation like this, instead they teach us how to choose projects that are truly real, they offered us services to join their ICO, while we choose their program. If we are not smart and careful when choosing, then we will always be stuck in a scam project.