How do you choose a good project and avoid fraud projects? I need your advice

[xSkylarx]

most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.

There are so many scam projects are caught using fake whitepaper, or copy-paste whitepaper, the whitepaper is very important it has all details about the platform and the team composition sometimes included, but there are many factors like the team experience, and how they promote the project to investors is also important.

I certainly agree with you. I have encountered different scam projects with fake whitepaper before and it's even hard for some managers to determine if they're handling a legit project sometimes. We only have to be skeptical and do a series of observations and investigations before we join a certain project. Choose a trusted team and a reputable manager so we'll never have regrets in the future. No one deserves to be scammed and it's a good thing that some of us here are spreading awareness on how to get rid of scam projects.

[1715111915]

1715111915

[joinfree]

It's all about doing good background research to ensure that the project has a use case that is going to solve a problem in this industry or the real-world. That way you are assured of market demand for the coin if you invest in it. Take a look at the team behind the project and their seriousness too. Every good team provided updates on the development of a project and not the ones that keep you in silence for several months before saying anything.

[pandanaran]

before joining the gift of course you need to do some research about the project you want to participate in, especially the experience of the developer, the community in it and also what products they offer to the market. I think every prize hunter or project investor will do the same before taking part in it.

[ije07]

for me personally before joining the bounty project, the first thing I did was of course researching about the project, starting from the white paper, the background of the team & developers in managing the previous project, etc. It is important for anyone, including the Bounty Hunter and project investors to be more conscientious before joining any project and not to rely on ICO ratings, because scamers are always around us.

[amonymous]

The most important clear whitepaper for a project so when you want choose a project for your investing then must be read whitepaper.

Another ONE, you should be check project partnership because it's the larger sales support.
Another TWO, go team profile and check experience because skills might be help new technology for a project.
Another some note: a good Project roadmap always be clear and promising with team give him support everyone investors.

[Krabby]

for me personally before joining the bounty project, the first thing I did was of course researching about the project, starting from the white paper, the background of the team & developers in managing the previous project, etc. It is important for anyone, including the Bounty Hunter and project investors to be more conscientious before joining any project and not to rely on ICO ratings, because scamers are always around us.

Does it make you spend a lot of time? For me, I don't need to check too many projects. Just look for the projects listed at the exchanges, they are definitely the best projects here and we will definitely get money from them.

[Santri]

very difficult to determine a good project or scam because they have in common, but if I personally determine the project seen from the team and partners in the project

[tycsols]

The risk is always there, i have joined some icos in the past that even after 2 to 3 years time are not performing, their project is still under development and token value is way below ico levels like 90 percent below them which is very discouraging, i will still not call them scam but few more months without product we can definitely call them dead projects.

[maruf01788]

I always research more time before joining bounty project. I check their website, how advanced is it. Check their social media Follower, how many investors, team member and Partnership. it is very important for any project.

[SyndicateLabs]

If you invest in new projects, or participate in their bounty. I think you need to take the risk because no one can tell if the project is scam or not. Scammer is now very smart and they do everything they can to attract investors

[fullhdpixel]

most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.

For you to be able to avoid these scammers, first of all you will have to know the common type of scams that you will see in the cryptocurrency space, although that doesn’t mean the scammers won’t try different approach in the future.

The first regular type of scam you will be seeing in the cryptocurrency space is the imposter websites. Almost every big cryptocurrency site you know, if not all, has scammers that are pretending to be the original. To avoid problems like this, you have to make sure that link you’re visiting has 'https' on it, if not, then you will have to think twice about it.

Another type of scam is the fake mobile apps, this one is similar to that of imposter websites. The next one is the social media scammers; there are many of them on social media and you will see them making some cool offers that you might not be able to resist, but you have to think twice before accepting any offer. Lastly there are email scams; I believe you know about this one , so there is no need going further in it.

[jessyj48]

most prizes and ICOs are just scams, so how do you choose the prizes you will participate in?
Did you join the gift because it was handled by a famous gift manager,
Or just because it has a high level in several ICO rankings,
Or do you really read their white paper and spend time looking for a good project.
Hopefully you can help other hunters by sharing how to choose a good project not only for prizes but also for investment.

There is no 100% way to avoid scam projects most especially if you are a bounty hunter, not even your research can safe you here but research do help, it's the only thing we have as a bounty hunter, the rest is based on luck, bounties are now gambling

[Serious475]

This has been discussed several times in the forum and as a newbie don't you think you were supposed to take a stroll around the forum.

The basic principles to choose a good project and avoid fraud projects is just one; which is do your own research.

Before you do your own research, there are questions that you need to answer which will guide your knowledge about crypto currency.

1. What is your example of a good project?
2. What do you expect from a project before you term it as a good project ?
3. What features do you search in a project when doing your research?
4. Do you need the team details before project validation ?
5. Why are you investing ?
6. What is a fraud project?
7. What features do you expect in a fraudulent project?

Answer the above questions honestly, do your own research and you will get it right.

This is great and very interesting post and very informative to us beginners. I think that I will learn something from the people that will post here in this forum and I am right because I am learning now how to do cryptocurrency. I think that the first thing a beginner should do to avoid frauds and scams it to do a research first on what they want to do and how they will do it. I suggest that they should do a insight that will help them to structure the plan that they will do and create a solid plan that will earn him money. I think that you should ask yourselves for questions and answer it by the answers that they want to achieve. I think that they should create a framework too that can help them to know their plans.

[ballerin and giroud]

If you invest in new projects, or participate in their bounty. I think you need to take the risk because no one can tell if the project is scam or not. Scammer is now very smart and they do everything they can to attract investors

This is why you need to know the characteristic of every projects. I don't think the scammer is smart because there will have a hole if we know the characteristic of the project. And this forum have some guidelines to know the characteristif of every project, you can learn them and try to analyst every project that you see on bounties section.

[kopisusu]

High ICO rating now is not a guarantee because they (scam project) can buy ratings to fool investors, I didn't read the explanation in the whitepaper, I only read the important points

[restuibu]

in my opinion, only choose projects that have real products because those who offer something big are mostly scams like projects that offer a 10% dividend are certainly scams, remember don't be interested because of bids but look at the product, team and project goals

[Ken_terrance]

To me no matter what you are told on here, what will be will be, you can't read the team mind and soul, no one can, they can offer you all the good vital points of good projects and still exit scam on you one day, they only things one can hold unto are research and luck

[ameliana]

1. Yes Well-known manager, I mean at least a well-known manager already has broad insight or a good reputation in managing previous projects. but I'm not saying this is a guarantee for you before joining this project.
2. As above, a positive rating on the ICO project is also not a guarantee that the project is feasible. it's just that you can make this a reference.
3. Yes, of course, read in detail about the work map, the background of the team & developers, project partners or investors, what products they offer to the market and also the project funds that have been collected.

[tabas]

To me no matter what you are told on here, what will be will be, you can't read the team mind and soul, no one can, they can offer you all the good vital points of good projects and still exit scam on you one day, they only things one can hold unto are research and luck

A strong team does have a high chance of dedication and they are unlikely to quit the project and do an exit scam.
But if the team is composed of unknown staffs, advisors and other components, there's a high chance that they will leave it later on.

[thisnewcoin]

It's not a gift, it's bounty campaign! Bounty campaign is not a free job, it takes hard work. I see this is your first post in this forum, I would request you at least learn some basic things about the crypto market and about this forum rules! Read pinned topics from the Beginner & Help section!

Well, when I pick a project to support that, I look at their professionalism. It means their website interface, technical things, partners, media coverage, active community (not bots), unique vision, and of course their offering products. If everything looks okay, then I select that project to invest my money and time.