How to know if the project is fake?

[Erumo]

Very good question, and to find out which project is a fake just do the following simple things.

1. See all the teams behind the project, starting from their background, their social media / GitHub accounts.
2. Check the project domain again in whois, see how long the domain has been alive, if it's still very new, I hope you don't follow that project.
3. Be careful with high ratings but developer activity is stuck because it indicates a fake rating.

How to properly check the team? For example your signature - Idena. It has no team information on https://idena.io/. Who are the people behind Idena? The only team members that can be found are telegram admin. But these people can be anyone, just a hired person.

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[mamesso]

They are parasites, lest any of us here become their victims. Don't easily believe the big rewards they offer, because it was one of their strategies to get victims. And check first before making a choice. From bounty websites, social media, whitepapers and the team involved in the project.

[Princeofpoetry]

In fact, it is almost impossible to know which one is fake or not. because almost most of the scamers have changed the project to make it look original and can attract the attention of investors. it's just that we can still avoid it by not promoting shady projects, like offering sweet promises, bad team reputation & developer managing previous projects, no experience etc.

The hardest thing is finding fake projects that are so well designed to trick them. Finding out the team that developed the project and analyzing the whitepaper is a must, although it is not guaranteed to be 100% is real project

[kidelvis]

Location of the physical business always comes first then check the team.

[bayudndy]

You are right.There are several ways to identify a fake project.However, I think. In a fake project, the team always uses fake locations and the team's name and address are all fake.Besides, the volume of their investment in the exchange is also fake.Most of their social media information is very enticing.

How can you tell if it's fake locations? Will you book your plane ticket and go to that country to check? Just check out the project team and product, I believe you will know whether they are legit or scam.

[Toxic_1988]

You are right.There are several ways to identify a fake project.However, I think. In a fake project, the team always uses fake locations and the team's name and address are all fake.Besides, the volume of their investment in the exchange is also fake.Most of their social media information is very enticing.

How can you tell if it's fake locations? Will you book your plane ticket and go to that country to check? Just check out the project team and product, I believe you will know whether they are legit or scam.

Well, you don't have to do that. There is plenty of detective service to check in a local location for people from abroad. But many projects don't have a headquarter location or they could list something vague and not in detail. I think there are many ways to identify the legitimacy of a project, team information also one of that.

[Icologies]

fake projects can be seen from some factors White papers don't make sense, fake partners, invisible teams, when sales are always closed and lacking updates if you come across a project like this never invest in a project it is a fake project

[Obito]

To know if a project is fake or not is simply by checking it's website, whitepaper, and softpaper because they might be plaigarizing other projects works or just making their project look good just to attract other investors and bounty hunters. You could also check the team members informations because they might be faking their profiles, so they could trick other people.

[fosco333]

True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.

[sfireman]

True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.

Yeah, this is an effective way. Also, we can do location checking, looking for team members, team records, etc. All of that is to ensure that there is not too much percentage of scam. Doing researches such as those things can effectively help us to reduce the rate of being scammed in this market. Though, it's not an easy task that we need to learn how to do it right!

[mauriek]

True, scam project makes investors losing their money and time, not only investors but bounty hunters as well, losing time and efforts in vain.
I think the best way to know whether the project is real or fake is by their whitepaper first. Scammers are lazy to make whitepaper from 0, then the plagiarized whitepaper is the important sign of scam project, even the slightest plagiarized content.

I think looking at whitepapers is an ineffective way, because they can pay someone to make whitepapers from 0 so it's will look so beautiful, when they make a fake project, then the Scammer also prepared everything to trap investors, They are capable of making fake whitepapers and Teams.

[ancafe]

Honestly it's hard to determine tha fake project because it's look legit project if you will not do a research.
But not meaning that you are making a research you will find the real one or what you need to find out. Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.

well, not even a fairly complete study will let us know for sure whether the project is a scam or not. in conducting research, we only seek information regarding the truth of the information provided. scam or not, it can be seen when the project is finished. I've seen quite a lot of projects running to completion of sales, but at that point, they're a scam in the end.

[Princeofpoetry]

Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.

They want to hide their identity from the public by giving fake addresses and locations, even their team is made as real. We must be observant so as not to be deceived.

[ghost424]

There will be lots of instances to know whether the project is just some time-killing campaign for other people that just wants to join some campaign. That is the scary part since they can cater people to join their campaign and that would just waste their time. We can always look for some constructive criticism regarding some Alternate Coins. Then we can see whether the Creators of the campaign are willing to present their credentials in some public website. The website of that Alternate Coin must be created nicely and not just some website that is showing their platform. It should be informative and should display everything possible about that Alternate coin.

[lebregone]

There are many ways to check whether the project is fake or genuine like checking the team of the project whether they are all genuine or they are just using a fake profile.
Aside from that most of the shit or scam project will use a tactic that will promise their investors the best profit like 400% or etc. which is good to be true.

You can also check their roadmap,whitepaper and etc. as you can see some lapses there if that project is fake.

[Romeotom]

You will understand this when you research about that project. Moreover if you are a new member in this crypto market then follow the ANN thread of that project in this form because there are many people discussing the project. So if you find anything suspicious stay away from that project. Also research their IEO to see which exchange they are conducting IEO, If shit exchange that they run IEO then don't invest in that project.

[Divinespark]

Honestly it's hard to determine tha fake project because it's look legit project if you will not do a research.
But not meaning that you are making a research you will find the real one or what you need to find out. Because they are good to hide their identity or their location or address because they are wants to hide all identity they have.

It is true, even though we have done a lot of research, it is still possible that those are scam projects in the future. I've seen many projects like that, and recently as the YAM project, they have attracted a lot of investors but in the end it was a scam project.

[mamesso]

well, not even a fairly complete study will let us know for sure whether the project is a scam or not. in conducting research, we only seek information regarding the truth of the information provided. scam or not, it can be seen when the project is finished. I've seen quite a lot of projects running to completion of sales, but at that point, they're a scam in the end.

Scam projects are very unsettling, in fact, many have fallen victim to them. Even though you have done research on the correctness of the project, but it is very difficult to distinguish a scam project and a real project. Fraud perpetrators are very skilled when carrying out their mission, everything related to the project looks very real and has a very strong appeal, and only known after the project was completed or stopped halfway.

[Princeofpoetry]

Actually if you want quick checking you just search up their name to google and see whether they have some sort of social media account and see whether they are real person or not.

For ascertain whether they are real person or not, this is a difficult thing. Do you use some kind of tool to check it?

[Erumo]

Of course there are many different tools to be able to test projects, and most of it is on google and you need to have the knowledge to be able to learn exactly about projects. I also researched a lot of new projects, and found that most of them were fake and just wanted to fool investors.

What other instruments except google can I use to test project for being fake? And how exactly do you google the correct info?
I only know few plagiarism programs to check project whitepaper or info on their page. Maybe also using https://tineye.com to check if the project stole some pictures. But what else can I use?