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Author Topic: If you come across any of these points you have every right to be suspicious  (Read 259 times)
Kemarit
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July 14, 2020, 10:55:22 AM
 #21

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

Right, this is a sign that the people behind rush everything and it's a red flag that they are in a hurry to just put their website.

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

Maybe it's their way to hide their true identify, or even doing some poorly manage photoshopped.

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

So that they will look legit. But if you look closely at their social media platform, it just created just a couple of days ago.

4. Team decide to stay anonymous

Well their defense is that Satoshi himself did stay anonymous, but that logic is flaw. We trust them with money so we need to see their faces and their real identity.

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??

Maybe they don't have money in the first place, but those exchanges are scams, accused of wash and fake volume trading, not to be trusted.

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July 14, 2020, 11:04:32 AM
 #22

Not to mention crappy community managers or moderators. I have been part of a lot of telegram groups for other projects with a really poor admin who cannot even provide a direct answer to the community. There are some who are like bots when answering providing a safe answer or unclear answers when a specific question is asked. A solid team knows how to address questions such as conducting an AMA or posting frequently asked questions to address newcomers or questions regarding the project.
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July 14, 2020, 12:12:55 PM
 #23

   I agree with OP here, some of these points should raise a red flag! And when you see a red flag you need to stop what you
are doing and try research more about the service. Come here and ask people what they know about it, check other forums
and if you don't clear your doubts abandon that service, or project and warn others about your findings.
   We need to work together on this and warn others if we notice something. It's how community stay updated, and scammers
has less chances to scam people.



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July 14, 2020, 12:23:43 PM
 #24

Staying anonymous doesn't mean scam to say the truth but since scammers are doing everything in their power to achieve their aims I don't go against this point 100%, I believe that Bitcoin stays out of trouble today because Satoshi Nakamoto is unknown till date
But most likely its a scam if the team are not transparent to their identity. Its important for investors to know their background and past projects (much better if it succeed), thats one of a good point to know the legitimacy of the project. Nevertheless what op said were all true so keep this in mind to have an idea what to avoid.

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July 14, 2020, 12:25:25 PM
 #25

It's very popular this days seeing new projects using p2pb2b exchange and other crap exchanges like Exmarket, latoken, Probit exchange to raise funds and they actually know what the outcome will be. It's best to just ignore any project that use any of these exchanges
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July 14, 2020, 12:35:38 PM
 #26

In as much website design or team putting high definition pictures on website is never a yardstick to tell if a project is legit, it can be used to ascertain if the team is serious or not. I agree with OP that cheap website design is already a red flag, anything worth doing is worth doing well. However if one's basis for research relies on website design and team pictures to decide whether to invest or not in a project, that person will be a prey to most scammers because scammers are aware of this and have updated their game. Only amateur scammers will do poor website for a project.
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July 14, 2020, 12:47:36 PM
 #27

Bad website design shows the project is not worth it, if the developers can't at least launch a fairly good website, meaning there is no hope for product. I don't even go close to new projects doing IEO on shitty exchanges, not to talk of investing. I've had a sad omen with crappie exchanges, hence I stick with IEOs done only on reputable exchanges. I do like all points by OP.

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July 14, 2020, 12:59:26 PM
 #28

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

4. Team decide to stay anonymous

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??
I don't see anything wrong with your third point, team can use same picture they use on social media and project website, it's possible that the picture is the best on their list, if you want to see other pictures of the team then find their Facebook account profile, things will only look red trust if no other pictures are available except the only one on their website

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July 14, 2020, 01:29:45 PM
 #29

yes, this is often found now. very different from the bounty 2-5 years ago, where the team will surely slash their coins into etherdelta or forkdelta, where the two exchangers are indeed often used as a place for new tokens. now it is the new exchange that has no liquidity and also impacts on tokens which ultimately does not have a good exchange rate. as you explained also, that the identity of the team must also be transparent and they must also be active to provide the latest information about the bounties in the groups they have specified.
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July 14, 2020, 04:27:02 PM
 #30

Thanks for the advice OP, sometimes it's very easy to detect scam projects but can be very tricky too, I will like to add searching the pictures using any image search engine which can give up stolen images, it works some time too

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July 14, 2020, 06:34:32 PM
 #31

Most especially for newbies, be curious and suspicious when you come across these in crypto space projects

1. Cheap website design of an IEO project, most especially the blue like website that's very common since ICO days for example https://pzmcash.com

2. Teams can hardly take good pictures, I mean team pictures that looks too blurry on IEO project website, how hard can it be that team can't take neat high def pictures of themselves?

3. Team using same picture of themselves they used on website on their social media profiles like LinkedIn or Facebook

4. Team decide to stay anonymous

5. Team using crappy exchanges like p2pb2b or vindax or latoken and they start claiming they sold out, when was the last time that projects sold out on these shit exchanges??

Very good points made.  There are many salient red flags one needs to just observe very well before taking any move.  I have always been so careful of believing it when projects said tokens sold out especially on bad exchanges  you pointed out. I have always taken any project planning to list on Vindax exchange to be scam.
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July 14, 2020, 11:28:52 PM
 #32

Neutrally, you should always be suspicious of any projects, wary but not fearful, learn to do your research right always.
lately there is a surge in number of defi projects in the space, be sure to do your own research and be on top in your findings, do your research adequately without bias
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