How to know if the project is fake?

[shadowduck]

Now scammers creating very hard schemes that are very difficult to identify. I am working in the cryptocurrency market for a long time and work with bounty companies, but I still very often have some problems with scam projects

[1714667453]

1714667453

[1714667453]

1714667453

[1714667453]

1714667453

[1714667453]

1714667453

[1714667453]

1714667453

[memed97]

Pretty sure your way of identifying fake projects by the company's address is a very basic kind of check that every investor would do. I would recommend trying to interact with the project team to see if they're professional or not.

Very perfect, this is something that has not been tried by everyone, because an unprofessional or illegitimate team obviously will not dare to interact with others especially in terms of video calls or video zoom meetings which are more popular at this time.

[helloinox]

Plenty of ways to check if a project legit or not by looking at their white paper, their profile, their track record of a past projects,... Of course, a fake project will try to make all of those things look legit as much as possible so in the end, there's no 100% sure way to know a fake project or not.

[ElmedoRator]

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 many different ways you can verify new projects. But for me, the best way is to look at their partners, if they have partnerships with big and reputable companies in this market, I think it's a really good project to interested and invest

[SacriFries11]

I just make a basic research but mostly I would just check the ANN thread in the forum.
We are in a very active forum, lots of members cared for the community, so once the project listed is scam, it would certainly receive a negative tag from DT members.

The ANN thread is very important to certain project is allow users to briefly analyze the purpose of the project and in other side the project team introduce there project to the investors. The active members are very important hearing a lot of comments to them about the campaign. You can also check some moderated thread which some trusted member already analyze the campaign and give some suggestion what are their opinion. I suggest also checking their website, it’s very important that some significant details about the project are present in there like project team, whitepaper and roadmap.

[Princeofpoetry]

1)I always look at their website, if it's not convincing then they could be fake project.
2)Look at the number of their followers on social media one of my consideration besides reading the whitepaper, roadmap and project team.

[Bananington]

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?

Some fake projects still put real locations to appear legit, some might even employ workers, pay them handsomely to stay at a real location while they remain anonymous. Well, that's a good point to checkmate fakes. Another very important aspect is background of team members and their social media handles like LinkedIn, Facebook etc. If the accounts are just created for instance, its more like a scam team. There is no 100% sure means to tell if a project is scam anyway, some will even go as far as building products that will attract investors, but still have scam intentions.

[Samayuki]

Apart from spotting out few flaws like stolen pictures or plagrism in whitepaper and few others things you can't be perfect or always right when choosing projects, I've even seen where a well known team member introduce a project last year and just because they use well know people i joined but in the end they are still scam

[milandres0207]

Fake project is really frustrating if you're one of the victims 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 its address of the company that is running IEO/ICO. The fake project would be identified in this way because they put fake locations. You can check it with google maps to verify if it's real.

So how do you identify if the project is fake?

On my own little way of understanding, Checking the whitepaper they have if it is not plagiarized, then if their team is not fake members or dummy only. Also, you are correct if the address stated to their announcement is true or not as well. Then, they are not always saying promises to their community.

[BuNga_cute]

It is not too difficult in my opinion to find out whether the projects are real or fake, the first to follow all the social media they have.
If they diligently explain their projects and actively answer questions, it is almost certain that the project is real. One more thing I do
to make sure that the project is real, by examining the team members of the project in detail.

[rahmathidayat93]

1)I always look at their website, if it's not convincing then they could be fake project.
2)Look at the number of their followers on social media one of my consideration besides reading the whitepaper, roadmap and project team.

The way you do this is the way that is done by many people in general in a project, scammers are very clever in designing websites to make it look convincing, and their social media followers can also be manipulated through temporary purchases, so that the two points you say are not will be enough for a valid project reference or not.

[ashmodeus]

well,here we go again.
1. actually u can see the project is fake or not by seeing their web it self,i just believe first impression will come after seeing how they creating their web,i mean did u believe that project is real after seeing their web look like high school kids made ?
2. when u see their tokensale colaborate with low rating exchange,well u know exactly what will happen next, i just believe if dev want creating token sale on some exchange , they will do some research first, which exchange have a good rating.
3. a common thing,discount and bonus. i just believe many many discount and bonus is tend to low quality project with short life of that coin.

about WP,Roadmap,Team, i dont really care anymore ,if the 3 possibilities that I mentioned earlier were in the project concerned,however good their roadmap,WP or even team,its just a corny.

[Divinespark]

Now scammers creating very hard schemes that are very difficult to identify. I am working in the cryptocurrency market for a long time and work with bounty companies, but I still very often have some problems with scam projects

I also participated in a lot of bounty and made many different ways to analyze the project. But in the end, I encountered a lot of scam projects, it's too hard to choose good projects at the moment.

[adzino]

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?

They can always put in a real business location and you can even find it on google maps. The best way to find out if the registered address is real or not is through the company registration number. The registration number helps you to pull out (those are mainly official government sites) the real public details of the company including the address. I would be surprised if a address and number given turns out to be a pizza hut  franchise lol.
All I am trying to say "a real address" does not mean that the project itself is real.

[fuer44]

a lot, but it's not certain either
1. team
see the composition of the team managing the project and how their identity can be trusted

2. media
social media is also important, how will the team later provide information, and if the team never provides information, then the project is definitely a scam.

3. exchange
where will the tokens be listed? you must hear that question often and if the team cannot answer, then it is suspicious. and if after some time it still doesn't answer or is listed on the market exchange with low liquidity, then it's fake because the token will end up with a low price.

4. price and investment returns
maybe this will sound funny, but it can be considered as well. see how they explain the road map, prices and investment returns in the project. if it doesn't make sense, then don't go along.

that's my opinion so far looking at several projects, can be right or wrong and hopefully useful.

[Malam90]

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?

Before investment, we have to findout whether the project is real or fake. We have to investigate the team members profile whether they are using fake or real account like Linkedin, Twitter or other social media. If the profile is new and edited picture, it is scam. We can check their contact number, address whether real or not. Again, we can check their whitepaper whether it is plagiarize or not.

[umbara ardian]

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?

Before investment, we have to findout whether the project is real or fake. We have to investigate the team members profile whether they are using fake or real account like Linkedin, Twitter or other social media. If the profile is new and edited picture, it is scam. We can check their contact number, address whether real or not. Again, we can check their whitepaper whether it is plagiarize or not.

Only with those checks, I believe that you will not be able to distinguish the scam projects at the present time. They were much smarter and fake very carefully. I have seen many projects that are well reviewed but eventually they became scams, even some projects already have MVP products.

[Doranile432]

I easily spot kingcasino as a scam project because of their team, they used fake identities on their website and also claim to have raised millions of dollars through a private investor, something that's too good to be real, it's all about been smart, that's how you will get good result

[BestEarningTips]

The sad and angry sense first appeared when I got a fake project. Because until now did the bounty campaign of many fake projects I got. And to do the fake project identification is difficult.

[bassbity]

I easily spot kingcasino as a scam project because of their team, they used fake identities on their website and also claim to have raised millions of dollars through a private investor, something that's too good to be real, it's all about been smart, that's how you will get good result

many are deceived by the KingCasino project because it has reached millions of dollars that it was confirmed on Twitter and it is not possible to exchange p2pb2b will reach such a large target because it is a low exchange that has many problems with IEO.