How to know if the project is fake?

[restuibu]

seeing the team and partners in the project is also a very important consideration in determining the project, but if some of you don't have enough experience in determining projects, I recommend choosing projects that IEO in binance because all of the projects there will be listed there legitimate..

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[Princeofpoetry]

I also researched a lot of new projects, and found that most of them were fake and just wanted to fool investors.

This is how scammers can trick investors with new projects. The easiest to spot is if the project is suspicious it should be avoided

Alias name or anonymous identity is okay as long as that project has a good reason to without their identity (privacy-based crypto).

I see, I would avoid projects without knowing the team behind them because the project that is trusted is who the person developing the project is.

[mamesso]

one great way is to buy coins from new projects on Binance, I'm sure you will avoid scammers,
because it has been proven that Binance is the home of good projects

Very good decision, By investing in coins that are already listed on the market is one way to avoid fraud that is very common in the cryptocurrency world.
In investing, it is not only profit that must be considered, but disadvantages must also be considered. Should, invest with quality, do not by quantity.

[Princeofpoetry]

well, deep research is the key to knowing whether it is a fake project, or not. however, we cannot draw conclusions when we do not do the research, and the risk of joining the project scam is greater.

True, even though we have done in-deep research, we can still be affected by a scam project  because the project failed, low volume in the market until it finally the project died.

[Apostlekin$$$]

It's not that simple to know if a project is fake or not, you can catch some just by asking good questions and you can also catch some scammers by searching their pictures online for fake attempts but some scammers are too good, they can hide without leaving a clue behind

[Apostlekin$$$]

The best thing to look out for is the team past experience, there must be some knowledge they,ve acquired through past projects or organization they worked for, Avalanche team caught my attention because theyve been into blockchain before Bitcoin was created by Nakamoto

[SomeJasonGuy]

That's a good way to start. The first thing we should do is search about the team members and verify if they are really involved in the project. Most of the fake ICO uses fake names and create new linkedin Ids with those fake names. If you encounter no other reference of the member and just a number of social profile that seem to be made recently than they are surely scam.
You can also try calling the phone number and inquiry the person who picks it up to find how serious they are about the project.

Yes i second this, this is a great way to tell if a project is fake. Do your research and verify if the team behind it is real, that's the top indicator. In fact, there are a lot of funny memes of projects with fake people behind them. Recently, i saw a project that had animated pictures instead of team members' faces. That's surely a red flag. Another way to check is if there's real activity on their social media and telegram as well. Good luck and don't get scammed!!!

[Docbee]

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?

Hhmmm...identifying fake projects!!! Well, the issue is that, there are some red flags that are glaring pointing to a particular project to be fake.  However, there are some fake projects that were well packaged in such a way you could not even discover at all.  For example, on the issue of address you mention, fake projects can have real address.  We can only try our best to do findings and stare clear of the glaring red flags, but you cannot totally discover or run away from all fake projects.

[holly.ball8]

A fake project always has something out of place or fishy. You just need a bit of time to dig out by doing research on that project, check everything from goals, planings, roadmaps, partners, exchanges, teams,... I'm sure if everyone spends their time on said above, they ought to find out a fake project, eventually.

[taufik0911]

A fake project always has something out of place or fishy. You just need a bit of time to dig out by doing research on that project, check everything from goals, planings, roadmaps, partners, exchanges, teams,... I'm sure if everyone spends their time on said above, they ought to find out a fake project, eventually.

The scam project can also be seen from the quality of editing, other whitepaper references because sometimes they copy the white paper so it's very easy to find, especially the team, you can easily identify fake team photos
The website is also one of the references, namely on professional projects, at least having a website that will not have load errors

[coinswebid]

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?

you must know about their team member my friend, if the they don't have it, thats not a good sign
and if the team member is only a pict from google not a real face just stay away
and find out more about the whitepaper, sometimes a fake project will copying the whitepaper from the other project buddy

[nikki4]

Thank you for sharing your experience to identify fake project, frankly speaking, at first, i almost dont have any of  skill to distinguish dummy project at all, so i have taken part in some fake projects sometimes, fortunately, i just as a bounty hunter participate in bounty compaign, so what i have lost was just time, no money. As the saying goes"A fall into the pit, a gain in your wit." Now i would serch the information of the project first when i wanna join in.

You are just wasting your time as you think, but if you are promoting a scam project. Then you are wasting your time and investors' money. PayAccept is also my favorite, but how did you find this project without you earning experience? Like in yahoo news, I got the name of this project. Now this project is more reliable for so many good exchanges.

[chikator]

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 has become extra relevant espicially during this pandemic. There are a lot of projects popping up trying to get into the hype. While most of these are just seemingly reviving old coins but in reality theyre just selling dead coins to hopeful investors. Cant call it fake project tho, just flat out dead.

[Alohadanc3]

In this market there are lots of scammers here and there. You have to always open your eyes. Mostly those who are new to this crypto space are targeted by this scammers. Newcomers think that this space is only made by profits. So they try to invest in as fast as they can. And most of the time they end up being scammed. The only thing which can save you from this type of scams are knowledge. That's why I think always gain knowledge about your investment before you investing. That's it.

[Princeofpoetry]

The best thing to look out for is the team past experience, there must be some knowledge they,ve acquired through past projects or organization they worked for, Avalanche team caught my attention because theyve been into blockchain before Bitcoin was created by Nakamoto

It is true that an experience of previous projects can be a reference that the next project will be successful. But what if the team is new and has no experience! can it affect investors' confidence that the project is not a fake?

[Ronaldcoin2017]

There are so many scammers in cypto and i believe that it is really hard to detect if the project or maybe the person or group of people behind the project are scammers, the only thing we can do to know if the project is scam or not is to look on to the white paper and research everything because scammers mostly didnt put thier profile picture on the white paper they always used different pictures and identification for they cant be detected by authority.

[djmixen]

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?

Perhaps, there are so many ways to find out first check if their whitepaper is copied from the other project or plagiarize, then also check their team as well and if you find out a lot of promises and sweet words, you better be careful and leave that project at once so that you may not become a victim by them in the end.

[Pamadar]

There are so many scammers in cypto and i believe that it is really hard to detect if the project or maybe the person or group of people behind the project are scammers, the only thing we can do to know if the project is scam or not is to look on to the white paper and research everything because scammers mostly didn't put their profile picture on the white paper they always used different pictures and identification for they cant be detected by authority.

But scammers are very genius now, they can make it looks legit.

Participating with any projects are really risky and the only thing that you can do to prevent being victimized is to not to stop
doing you constant research, every projects have reviews around the forum try to follow each of time you see any updates coming
from both the team and the community who are supporting the team, be wise not to be allure by the paid trolls.

[AqibSarwar]

One of the best methods to check if the project is fake is through verification of the team member and their life achievements.  It may need extra steps but it is better than losing the money we wanted to invest in it.  Most of the fake projects often give team detail very good and satisfactory details but it is up to us to verify them.  With that being pursued, we can check the validity of the team members and the validity of their exemplary achievements. If they are lying or exaggerating then we all know that the project is possibly a scam or fake.

[Think Crypto]

If you see that the project teams are getting less active in their social media, especially in their official telegram group. It is the sign that the project is probably scam/fake. You must avoid buying the tokens/coins from the project like that. It has a big chance to be dead coins/tokens. Also, if you see that the project has bad planning, roadmap, or the ideas in Whitepaper. It is not a good sign for quality project, it may be a fake one.