the first reason why fraud projects are increasingly rampant?

[suryana]

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.

I personally now already instilled a mindset, willing to join a project if their tokens really listed on the top Exchange, if not, then I will not join any project. Scammers look for greedy people, because greed can blind their minds and hearts. My advice is don't be lured when they give rewards with large token.

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[Questat]

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.

I personally now already instilled a mindset, willing to join a project if their tokens really listed on the top Exchange, if not, then I will not join any project. Scammers look for greedy people, because greed can blind their minds and hearts. My advice is don't be lured when they give rewards with large token.

I can see it, you've joined a bounty that pays in token or coin but their volume is good because they have over $1 million 24 trading volume in all exchanges they are listed combine. I wish all of the bounty projects can offer something like that so bounty rewards can easily be sold anytime.

[shollyen]

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.

The crypto space has been so open to having allowed this right from the beginning. Since it is a decentralized system where no one or no centralized body that would help curb some of these things is not available, then such is bound to happen. HAd it been the contract of Ethereum network is created in such a way that funds will be held in a safe place without the developer has full access to it before certain criteria are met, it would have been avoided. Well, I think there was a time Vitalik said he was going to work on that and that if investors want to take back their money before the end of the token sale and I case any suspicious activity is noticed, they can take what they paid back. Let's see what happens in the next phase of the upgrade.

[irsada]

keep in mind now investors don't have an interest in investing in ICO because of many things, among others

- loss of investor confidence in the ICO which is currently only concerned with profits rather than the project being carried out.
- the difficulty of competing with established projects.
- the absence of strong rules to protect investors.

[mamesso]

I personally now already instilled a mindset, willing to join a project if their tokens really listed on the top Exchange, if not, then I will not join any project. Scammers look for greedy people, because greed can blind their minds and hearts. My advice is don't be lured when they give rewards with large token.

Now it's very difficult to find projects that are truly real, we must work hard before deciding on the project we will follow, That's the reason we have to research before getting stuck into a scam project, As bounty hunters we must have special tricks when choosing good projects. we must first pay attention to the development of token sales, Transparent ico, a reliable team and the best ICO rating so the guarantee we can get will be even greater.

[ije07]

since the ICO boomed or rather when in 2017 many projects were successful and profitable for most project investors and prize hunters at the same time. but after that ICO felt like a hotbed of fraud, scamers made a lot of money from the results of ICO fraud and many prize hunters did not get commensurate results after promoting the project for that long.

[TIDOVEE]

I believe it take a professional hand to get the fake project, everyone just have to be careful of them. They are ofcourse very rampant and also take professionals hand to recognize them. Many of them are bait for our wallet to steal away token.this is one of the reasons KYC and IEO came up.yet it cannot be totally eradicated.

[LbtalkL]

Don't worry I don't hear any ICO that success now and it looks like no investors are interested in ICO's anymore. We have IEO now, but I prefer IEO with Binance because it has more chances of success with good quality projects, I guess all of the projects that conduct IEO on Binance are unique and top-notch.  IEO from low volume exchange are not advisable. Those ICO cannot raise a decent amount anymore even legit projects cannot raise at least softcap in short ICO is dead.

[kingzpro]

Fraudsters and scammers are in every sector of the life and business and they cannot be stopped 100 percent of the times but with research, due diligence and being caregul we can avoid these scammers most of the time, for ico scams i think their should be an escrow service which checks each new ico, holds its coins and interviews the team and after full satisfaction it should give green signal for the ico to raise funds this procedure and filter and stop scam icos.

[Marble777]

the first reason why fraud projects are rampant is because of money. money can change everything, scamers commit fraud of course based on big profits or big money proceeds from fraud. if it wasn't for money then certainly nothing would have happened about fraud. On one hand, Ethereum's smart platform still has shortcomings and can certainly be misused by scamers. including making tokens using the erc20 platform.

[wozzek23]

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

No matter how much a bad project tries to cover up, there must be something that gives it out that they are fake. It's up to you on the effort you put in trying to find out what's right for you or not. If you take the time to check some things on the project you will definitely be able to tell whether they are scammers or not. Some of the things that usually show them off, the first one is wrong spellings and usage words, but a lot of them are getting better at that and taking their time to make it look good.

The next thing if you're on their site is to check for the ‘https’, if it's not there, then you have to be really careful. The main thing that works is checking their team.

[TastyChillySauce00]

the first reason why fraud projects are rampant is because of money. money can change everything, scamers commit fraud of course based on big profits or big money proceeds from fraud. if it wasn't for money then certainly nothing would have happened about fraud. On one hand, Ethereum's smart platform still has shortcomings and can certainly be misused by scamers. including making tokens using the erc20 platform.

Ofcourse it's obvious the main factor is money, some people want to earn quick buck but if the scamming is so rampant so many people got scammed there's should be prevention to keep these scam at bay, scammer will always exist but we could keep them at bay with some prevention.

[mamesso]

Ofcourse it's obvious the main factor is money, some people want to earn quick buck but if the scamming is so rampant so many people got scammed there's should be prevention to keep these scam at bay, scammer will always exist but we could keep them at bay with some prevention.

While there is no formula to prevent the circulation of scam projects. Because they do it very neatly, so we often get caught up in the evil plans they carry out. Bounty hunters must be careful when choosing projects they will participate in, because now it is very difficult to distinguish between original projects and scam projects.

[wxxyrqa]

There are no sufficiently developed structures or companies on the cryptocurrency market that would control the development of new projects.  If we are talking about fraud on the cryptocurrency market, then this is a criminal activity of scammers and should be prosecuted, according to the Criminal Code of a country.  but for this it is necessary to create opportunities so that there is a real registration of all new projects with real names of those people who are engaged in development.  Based on this, the number of fraudsters can be reduced significantly, and thereby protect investors from loss of funds.

[cepot9]

Investors should still provide opportunities for projects if they are not successful in the first year, but at least the project will continue and have a future. That is what the community and investors want. But now the ICO project is just junk scattered in the cryptocurrency community that continues to commit fraud.

This is very detrimental to new projects that are really serious about building projects but do not get the support of the community and investors because trust has been damaged by the fraudsters.

[StatesManG]

well, I don't pay attention on initial coin offering anymore. I don't care about what the scammer paid to get his shitty website done. if any sales are not initiated on a reputable exchange am not ever going to pay attention to such a project. if only people can learn and not keep falling in the traps of these scammers.

[beveryu778]

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.

Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers.

[Genemind]

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.

Yes I completely agree with you, project scam has been happening since from very long time and now most of the people has learnt very well how to differentiate a scam project and real one. Also their are several people present here and those are working towards this situation to find the scammers.

The problem is, investors are easily persuaded by a good white-paper, credible team (which is usally fake), a good web design, and good investment return promises. That is why conducting a research before investing is a must, if you can join any of their social group such as telegram, twitter, fb or any platform where you can ask questions directly to the team, do so.

[reallester]

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

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This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can  also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!

[Python Master]

This is sure to continue if diligent researches are not made on the projects before investing. Aside from research, fraudulent projects can  also win the heart of investors by providing huge bonuses. If Greed is also shunned, I believe fraudulent projects will decrease. Don't invest in a project based on hearsays. Or other people's research and analysis. Carry out yours!

In investment don't believe anyone except yourself. It's hard to find out a good ICO at this time. Most investors believe in winged words of ICO project and invest in it. It's how they lose. Don't believe in winged words, believe in what you see, how they develop and delivery production out