How to know if the project is fake?

[CHENIEN]

maybe fake is commonly unpredictable, we have no power to detect what is legit or not so, practically our opportunity is to identify before we dive to ensure our time is resourceful. This season we can't deny that more project is fake. it is probably that In a simple way they used this pandemic to infiltrate their dark intensions to raise big money, because often in the middle they suddenly disappear.
 

[bussybuddy]

The easiest way is to check the whitepaper and team, Usually scam projects will plagiarize and use photoshop images to deceive investors. But right now it's a fairly classic test, scammer is getting smarter and harder to detect

Don't waste your time analyzing new projects, spend that money and buy the top altcoins in this market and hold. I have invested in many new projects with good reviews, but in the end, they still died and became a scam in this market.

[matchi2011]

The easiest way is to check the whitepaper and team, Usually scam projects will plagiarize and use photoshop images to deceive investors.

Common that we can found from those scammers are plagiarizing whitepapers and fakes photos of teams who claimed to be the developers.

But right now it's a fairly classic test, scammer is getting smarter and harder to detect

Scammers are learners, they will do anything to attract investors. They are smart and continue managing to exist from this industry.

[bastian466]

Honestly I myself still have trouble determining fake projects, after reading many ways that can be done by checking research in various fields and I just heard by checking the location can determine fake projects in my opinion it is quite reasonable

Actually, most of us here are having trouble determining the fake projects,

Even if you have done thorough research to know whether if the project is fake or legit, it will still end up being a scam.

As OP said, checking the location can determine fake projects, yes it is reasonable. It is a big help to everyone, it is a must-do first because this is where we can determine if the project is really telling the truth or not regarding their location.

Then how to determine that the location is the location of the project, then someone must go there and prove the truth of the location, Do not be done by one person must be proven by many people so that hunters and investors believe that the project is real

[umbara ardian]

Honestly I myself still have trouble determining fake projects, after reading many ways that can be done by checking research in various fields and I just heard by checking the location can determine fake projects in my opinion it is quite reasonable

Actually, most of us here are having trouble determining the fake projects,

Even if you have done thorough research to know whether if the project is fake or legit, it will still end up being a scam.

As OP said, checking the location can determine fake projects, yes it is reasonable. It is a big help to everyone, it is a must-do first because this is where we can determine if the project is really telling the truth or not regarding their location.

Then how to determine that the location is the location of the project, then someone must go there and prove the truth of the location, Do not be done by one person must be proven by many people so that hunters and investors believe that the project is real

To be honest, it is impossible to pinpoint the exact location of the scam projects, which is why the scam projects were never caught. The best way to test a new project is to be their partner, if they have large partners in this market, it is definitely a reputable project.

[mezzaluna]

Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.

So how do you indentify if the project is fake?

There will be a lot of hints to determine whether a project is fake. First, you can see poorly created websites with no whatsoever feel of security just by viewing it. Second, if the creators or managers talks through fake accounts or accounts that is not related to their names, that might sound bad since if they want to promote their projects, they need to face the audience they are promoting to.

[StephenJH]

I always read details about the project .I study on whitepaper if it is plagiarized or not .A real project has a always go through their plan and have a great platform .you may visit the scam accusation of forum to find scam project .Hope you will get it.

If we want to know that the project is fake or not, must make some research about this project. Maybe as you above mentioned details about the project, whitepaper, their goals, etc. The plagiarized project has not such things, they use mostly fake backings. These steps are good for beginning, but not enough.

[GatotKaca]

fake projects can be distinguished from several factors if in my opinion the fraudster project always closes the sales from the first phase to the end
besides, the lack of the latest updates from the project, and whitepaper makes no sense

[bitgolden]

To be honest, it is impossible to pinpoint the exact location of the scam projects, which is why the scam projects were never caught. The best way to test a new project is to be their partner, if they have large partners in this market, it is definitely a reputable project.

It depends; it is up to your level of expertise. When you keep watching for a project and tracking them on every aspect then you can simply find about their level of credibility more easily. When you are interacting them on their official topic and you keep tracks of their responses, I believe no scam devs will be able to escape by providing us fake answers. The catch here is, how intensively we need to ask questions on their development progress and all other related things.

We are having lots of experts to identify scams and when you are following them along with your due diligence then identifying scam projects and securing your capital not investing into wrong projects will be come your usual practice for sure. These all possible through experience along with continuous learning. Nothing will be possible over the night.

[TopT3ns]

fake projects can be distinguished from several factors if in my opinion the fraudster project always closes the sales from the first phase to the end
besides, the lack of the latest updates from the project, and whitepaper makes no sense

but now it is difficult to determine which projects are scams or not because in many cases they still provide very good service until the end of the collection of funds and after that they do the scam slowly by the way without the knowledge of the investors.

[Sulman326]

As a bounty hunter I have been a victim in fake projects because the project they presented there's no way you will think it's a fake projects base on their promises to the community so is very difficult to know especially when one is desprate to participate in the project campaign because the team said that the project will be huge in the future time, for me I first of all consider the name of the projects if it sound funny I consider it as fake.

[bastian466]

Honestly I myself still have trouble determining fake projects, after reading many ways that can be done by checking research in various fields and I just heard by checking the location can determine fake projects in my opinion it is quite reasonable

Actually, most of us here are having trouble determining the fake projects,

Even if you have done thorough research to know whether if the project is fake or legit, it will still end up being a scam.

As OP said, checking the location can determine fake projects, yes it is reasonable. It is a big help to everyone, it is a must-do first because this is where we can determine if the project is really telling the truth or not regarding their location.

Then how to determine that the location is the location of the project, then someone must go there and prove the truth of the location, Do not be done by one person must be proven by many people so that hunters and investors believe that the project is real

To be honest, it is impossible to pinpoint the exact location of the scam projects, which is why the scam projects were never caught. The best way to test a new project is to be their partner, if they have large partners in this market, it is definitely a reputable project.

Therefore, there must be more serious handling of what else is related to money, it must be brought to justice and someone who works with the agreement will be paid and if they violate it, It can also be brought to law, Right or not?

[shakesbear]

I treat all projects as fake and potential scams, all investments are at your own risk. 100% scams project are easy to identify, you only need to spend time on a small study of the project.

[GREENch]

I may be wrong, but the most effective way to detect fraudulent projects is to check the identity of the development team. Very often even not particularly in-depth verification shows that the identity is fictional. To make sure of this, just look at the topic on the forum, there are plenty of examples.

If one can verify if the team is real, capable, reputable, and also if the project has good backings, then its a green flag. For example, you don't expect a project backed by Binance or Coinbase to fail easily. But sometimes projects use fake backings. I had to verify if one project which claimed was backed by coinbase early this year and to my greatest dismay, it was fake, this is just an instance. Sometimes the team use details of other people (imposters), or do put up fake social media handles which look so real with wonderful profiles to lure in investors. Checking team alone is not enough when doing research before investment.

It seems to me that the example you gave is a confirmation that checking team members is the main thing in the analysis of the project. Since if all members of the project are real, then they will not need to fake social networks(or anything else).

[Metall303]

I treat all projects as fake and potential scams, all investments are at your own risk. 100% scams project are easy to identify, you only need to spend time on a small study of the project.

if you follow this strategy, in the end, you will not get frustrated if the project turns out to be a scam. If the project becomes something good, then you are happy with your profit.

[yulchatar]

Many of us had bitter experience participation in fake projects, and after that many began to delve more seriously, and study the project and the team. Now I'm also more attentive and I don't invest in all. I'm waiting and choosing only serious projects with a good reputation.

[Cocoincos]

Good chance to know - is to check up the whitepaper, if it unique its mean that project have big chances to be true or real, but if no - it is 99% fake

[Idrix1]

Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.

So how do you indentify if the project is fake?

This is indeed a good way to verify the guenuity of a project, however I've seen many scam projects that did have a real office, teams do show up at blockchain conferences and also show videos recorded from the office but still exited scam and that's why i believe we can only try so far to verify the guenuity of a project, after that we just have to take a few leaps of faiths.

[coinfinger]

Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.

So how do you indentify if the project is fake?

There are lots of ways that scammers can use to scam people, we just have to know the ways they use and then know how we can avoid them. When it’s about cryptocurrency, the regular means that scammers take to scam people is through ICO, and by this they create fake telegram groups with their fake administrators and pretend to sell tokens and once people have sent the ETH, they will run a way with it.

Ethereum just made things easier for them, it wasn’t like this before, so people have to be extra careful. When you see ICO try to ask questions, ask your friends or this forum and people will look into it, you can go through their white paper and everything to be sure. And check their exchange that they have been listed on. All these fake ICOs will try to ignore you or even block you from their telegram groups when you ask reasonable questions that can expose them, so take note.

[restuibu]

Google maps sometimes don't update quickly, like in my place that has a lot of changes but on Google map still with the old look, so it's very difficult to find projects through Google Map, one of the best ways is to be directly located and this is not possible to do own research