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Author Topic: Beware of lying project team  (Read 906 times)
blockman
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April 27, 2020, 01:48:09 PM
 #21

It's a tactic that they are bringing up to their advertising so that investors will buy up and the others who have been following their project. I guess this happens everywhere that they are sounding it good just for the sake of the sale and, expect that there will more of them very soon.
This is what every investor needs to understand that everything must be considered if the project is truthful, honest and genuine.
Deception still accompanies some new projects in the cryptocurrency market.  but I think that every investor should be a little smarter and if there is any statement from the team about listing on a specific exchange, then this information should always be checked.  The fact is that the administration of any rating exchange always makes an announcement about the listing of certain coins.
Investors are becoming brighter these days and starting to notice this kind of tactic that these projects are doing. They wouldn't be confident until they see it actually being listed to those beautiful exchanges.
But as long as they are not showing any evidence that they will be there, it's a good choice to ignore them until they finally did it. A simple solution yet in this kind of investing, investors think that whoever invests first becomes the wisest and luckiest.

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April 27, 2020, 02:07:11 PM
 #22

When you see a project claiming to be listed on top exchanges after their ICO or IEO, kindly run away from such project because its pure scam. Top exchanges enter into a non disclosure agreement with project teams. The exchange itself announces such listing when everything is secured not the project. The project makes the announcement after the exchnage not before the exchnage
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April 27, 2020, 02:22:04 PM
 #23

Unfair listing promises is the main red flag for me
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April 27, 2020, 03:50:40 PM
 #24

Indeed, we find many projects that promise large markets such as binance and others that we can now rely on if they have not registered in the market then do not expect their appointments will be in the utmost because nowadays there are many projects that give hope to bounty hunters but ultimately the project is a scam.

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April 27, 2020, 06:33:50 PM
 #25

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

In a lot of cases random people that bought those coins or tokens advertise they will get listed on exchanges with hope to pump price and sell those coins and tokens with profit.
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April 27, 2020, 06:45:03 PM
 #26

You can't blame those projects who wants to list on top exchanges, they dreamt about it until they find out that the listing fee ain't something they are ready for or will be ready for, small projects will always have problem listing on top exchanges
They have the right to dream of listing at major exchanges. But they cannot use it to deceive investors. I have seen bullshit projects claiming they will be listed in Binance, Okex .. Those claims are unfounded and they want investors to buy their tokens so they can dump it.

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April 27, 2020, 07:40:11 PM
 #27

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

Exchange has a NDA(Non Disclosure Agreement) terms on all the project before listing. It's there protocol to avoid price manipulation of the coin. So obviously those team who are blatantly announcing to the member that they will list soon on exchange is hoax. Unless they do IEO on that particular exchange then they will have sure listing.

90 percent of current project in altcoin section here are scam or just garbage project by incompetent team that don't have any budget for initial expenses for the development of the project. Sad but it's the reality.

I don't understand that NDA for both parties though, announcing the listing will be part of the promotion actually which means this could invite more investors and liquidity of the tokens. So why do they need to make it secret?

Cartesi wasn't announced but if it were announced, we could have bought a ton of the token back when it was in the early stage.

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April 27, 2020, 08:11:12 PM
 #28

many projects really talk about listing before the official announcement because they just want to attract attention. if we are talking about investments, we just need to contact the support of the exchange to confirm the information






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April 27, 2020, 08:56:33 PM
 #29

Big exchange like Binance and others always have in their agreement an NDA(Non-Disclosure Agreement), meaning they most not post about the listing except it's confirmed. Most projects that lies about big listing always end up disappointing their investors.
I think the reason for this is to not cause pump and dump because their will be a lot of tokens purchase at low price and dump.
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April 27, 2020, 09:02:46 PM
 #30

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

You believing that a project will list on kucoin, Binance or okex is the problem not the team.

Binance has a disclaimer that only them have the right to announce listings, so you should not believe any team whatsoever

Secondly, kucoin recently failed to reward top 500 hunters of kucoin play platform by giving ridiculous terms, whats the joy in listing on kucoin?

If a project tells you A, do your research and confirm independently
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April 27, 2020, 09:12:20 PM
 #31

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

Exchange has a NDA(Non Disclosure Agreement) terms on all the project before listing. It's there protocol to avoid price manipulation of the coin. So obviously those team who are blatantly announcing to the member that they will list soon on exchange is hoax. Unless they do IEO on that particular exchange then they will have sure listing.

90 percent of current project in altcoin section here are scam or just garbage project by incompetent team that don't have any budget for initial expenses for the development of the project. Sad but it's the reality.

I can agree with that. If a particular project is bragging to be listed in top exchanges like BNB or Kucoin, high chance that they are not. they are just attracting potential buyers of their coin. Check also the project's foundation, if it is crap, then I don't think Binance will accept them. But if they will hold IEO on the exchange that they are saying, then that's a different story. But I guess by now, we already know how to spot a good project, and that will help in assessing if they can indeed deliver their objectives and eventually landing on a good exchange.
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April 27, 2020, 09:20:39 PM
 #32

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

Talking about a team lying to investors, it isn't only about listing on top exchanges. Oh yeah, any team announcing fake listing on a top exchange is already a red flag 🚩 for me, if I'm holding such coin, its outright dump without a second thought since its the highest level of incompetence. However, some team members will write what they know they can never accomplish or showcase products they can never develop on Whitepaper, all these are still major forms of deception to investors.
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April 27, 2020, 09:27:56 PM
 #33

I've seen few projects that decieved investors into thinking that they will list on binance or okex and Kucoin without these exchanges confirmation, my advice is once a project claim they are going top exchange do not hesitate to go to the top exchange social media, if the listing is legit the exchange will atleast say something about it. Wise up

Talking about a team lying to investors, it isn't only about listing on top exchanges. Oh yeah, any team announcing fake listing on a top exchange is already a red flag 🚩 for me, if I'm holding such coin, its outright dump without a second thought since its the highest level of incompetence. However, some team members will write what they know they can never accomplish or showcase products they can never develop on Whitepaper, all these are still major forms of deception to investors.
if waiting from other members to see how the project analysis might be quite long because usually the project maker will do everything possible to cover up the weaknesses of the project so that few people will realize that the project is not good when entering the exchange place.
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April 27, 2020, 09:57:57 PM
 #34

When it is not yet time to make open the time of listing and the exchnage on which the coin is to be listed, most legit projects do not announce, except both parties, the exchnage involved and the project team, have agreed to make it public.
So, if the project team is telling the community the name of the exchange and it is legit or true, definitely, the exchange would also give information to confirm that. Sometimes, the date might also be stated. It is always good to carry out research on this, to confirm the authenticity of the information.
Sometimes, the exchnage might have also released an emblem on their exchange site, to create more awareness.
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April 27, 2020, 10:01:52 PM
 #35

This has been very rampant in the Crypto world. You can hardly take Crypto team by their words. Most of them are concerned with pumping and dumping their  projects to the detriment of their investors. We really need to be careful in follwing up a project.

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April 27, 2020, 10:15:59 PM
 #36

These sets of people are everywhere in crypto today, I have seen many of them so friends be very careful especially those that would bring sweet talks by faking team address and company, total supply if tokens and even lies about listing on particular exchanges just to get in investors, do your research please.

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April 27, 2020, 10:18:18 PM
 #37

This is a good observation of how some team members deceive their community on listing on popular exchanges but just as the OP clearly stated, the exchange will also make an announcement if there is any truth in it. One other thing that you can also look at is to take a critical look at the project, its use case and the growth of the project and know whether it will be worth listing on such Big exchanges.
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April 27, 2020, 10:25:58 PM
 #38

Promising to list the token or coin in such popular and top exchanges become one of the ways to promote in order to gain more investors. They often promise it all and eventually end up in vain.

In this case, we do not need to trust in the various lure where they will list. All we have to know is first to know how long the tokens will be list after completion of the sale. Then, listing on the exchange will certainly be announced in the article or the official site of the exchange as well.

So, do not easily believe with only the promises given at the time of promotion.
If the token is also listed on a small exchange, we must also know that it may involve the fake starting price or trading volume. The strategic of dump and pump may be conducted.

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April 27, 2020, 10:56:34 PM
 #39

it is common and also never trust the partnership because it looks like in addition to exchange they can also manipulate this so you should not only check on social media but if you can ask directly to the partner concerned.
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April 27, 2020, 11:07:41 PM
 #40

what matter most to me is that most tokens failed to distribute their rewards to bounty hunters. they kept postponing the payment until the token becomes useless and has nothing to offer. whenever such stage is achieved, the project owners has no option to abandon everything and tokens entirely to the hands of traders.
One thing to note is that most projects lied about their softcap and hardcap these days. this is been done to keep the synchronization between the community and the project owners.
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