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July 31, 2020, 03:16:01 PM
 #41

There is also the audit service that usually makes a report on any new promising project. If that project is legit with a good team or just some random information patched up to fool gullible investors. If you aren't sure or just suspicious, you can always make a thread on bitcointalk to ask anyone to shred light about it.
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July 31, 2020, 03:28:18 PM
 #42

to prove they're not scammer project and minimize your investment of being scam...

1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
I'm not sure how they got this not REAL HUMAN?
Just like asking your KYC just to prove that you are human not a robot or an animals. Well, that is very important but we can't assure that those who use their real names and Identity won't commit such scam, of course, they can.

if we would like to invest crypto, better to know more about in a certain project. Not only they have a real team member but to look how this could be more usable in the market.

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July 31, 2020, 03:35:14 PM
 #43

Yes, background checks for every member in the project's team a the most basic way to know if a project is legit. If I find a team with a lot of members who don't have any real working experience, I won't invest in that project.
the most basic I usually see the IEO exchange for a new project. I will not play for a long time for new assets. Product and innovation are the next things I consider. for old projects, at least they have been on the market and have been developing for more than a year and running their products.
if you choose to use the IEO method then I think it is a very smart choice and a very appropriate choice because for now there is no good project anymore only from IEO you can get a good offer and will certainly benefit when you participate in IEO in place exchanges that are affected and have a good reputation.
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July 31, 2020, 03:39:44 PM
 #44

There is also the audit service that usually makes a report on any new promising project. If that project is legit with a good team or just some random information patched up to fool gullible investors. If you aren't sure or just suspicious, you can always make a thread on bitcointalk to ask anyone to shred light about it.
asking for advice on this forum is probably the best. the most important thing is that you must filter all available information. because there are so many people who are interested in topics like that. Good or fraudulent projects, threads will likely help other members assess projects from a different perspective.
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July 31, 2020, 03:52:13 PM
 #45

Yes, background checks for every member in the project's team a the most basic way to know if a project is legit. If I find a team with a lot of members who don't have any real working experience, I won't invest in that project.
I think so but that will need to consume a lot of our time just try to take a look at the track record of the members of the team. is not it better to focus on the community and product that has already made before? It will bring us into the main point to determine whether the project is a good project to invest or not. that will consume less than the first choice to identify the project.

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July 31, 2020, 04:42:26 PM
 #46

Other than the team's information like you said, I would try to find how they manage their social channels like telegram, discord and such. If they try to shut down or going around any person asking about the project or criticize it, then that is a red flag for me.
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July 31, 2020, 04:55:13 PM
 #47

to prove they're not scammer project and minimize your investment of being scam...

1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
Most of the projects have their team members from Russia and still the projects succeed, I guess you should edit it and change it into, if the social media accounts are new or aren't related to blockchain having recent change in the style of writing.

Moreover many a times the people related to the project also are in dark that the owner is going to scam them and the owner uses their names for scamming the innocent investors and the people that are involved in marketing and development of the project.

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July 31, 2020, 07:06:08 PM
 #48

Yes, background checks for every member in the project's team a the most basic way to know if a project is legit. If I find a team with a lot of members who don't have any real working experience, I won't invest in that project.
the most basic I usually see the IEO exchange for a new project. I will not play for a long time for new assets. Product and innovation are the next things I consider. for old projects, at least they have been on the market and have been developing for more than a year and running their products.
if you choose to use the IEO method then I think it is a very smart choice and a very appropriate choice because for now there is no good project anymore only from IEO you can get a good offer and will certainly benefit when you participate in IEO in place exchanges that are affected and have a good reputation.
Don't put all your trust in any project on IEO. From my finding, there is plenty of bad IEO exchanges that only made to host scam IEO projects. From manipulating trade volume to not allow users to withdraw that particulate IEO coin,...
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July 31, 2020, 07:09:40 PM
 #49

investing certainly has a high risk let alone we invest in the digital eye if you do not have the mentality and knowledge of crypto, do not invest because it will definitely bring harm

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July 31, 2020, 08:34:33 PM
 #50

These are not enough. Real people? How would you verify their identity? Also, as far I know there were people who scammed others even after being public.
Here by scamming, we don't mean they run away with your money. It is more like they start showing excuses and the work doesn't get completed eventually. In the end the project dies and investors loses their money.
The best thing is to avoid all those new projects that pop up and stick to investing on regular well known coins.

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July 31, 2020, 09:53:34 PM
 #51

to prove they're not scammer project...

1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...
There's a lot of tips before here in the forum before investing on cryptocurrency and I can't agree that much with this one.

1. Real human doesn't guarantee that the project is legit or can succeed in the future, you still need to dig dipper and know the purpose of the project because if its just a copy paste of other project, then it will be hard for them to succeed.

2. Listing your findings can help you monitor on what projects excel on every sector. If you are serious on investing to a new project then have at least 3 choices and compare those projects and invest to those who excel.

I exactly agree. Seeking for the team and prove they are real humans and not a bot or some sort of technological manipulation to lure people does not guarantee that a project is already legible and can be trusted. At times like this it really difficult to prove whether a project is safe by just looking or checking the background of the team developers because we do not really know what they are thinking inside their heads. You still in need to do thorough research regarding the project and look at every angles possible for you to convince yourself and be satisfied that what you have searched are already enough to prove it is a legit one or a scam.

Listing is an old yet helpful method to note how the project deals to success and how everything is working out. It is really good to have some sort of  choices on hand to better see good comparison between those projects and to see if into which project you must invest after seeing the results of the comparison you have in your list.

Be mentally, emotionally and physically ready when you do investment because for sure there are lots of challenges and struggles that the project will undergo which is commonly part of the process so you must keep those three equipped and healthy to carry out the challenges so you won't give up easily on the investment you will do.
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July 31, 2020, 10:00:27 PM
 #52

Identifying the team is really hard if they are real or not because nowadays we can easily edit our face, they can faking the identity.

Scammers are also learning how to update  from how to trick possible victims, it's hard to identify and investors needs
to research more deeper in order to prevent being victimized.


I guess just try to search their name in social media like in the facebook or the twitter to know if they are real.

Not enough as this scammers knows how to deal with that, they can fake things and they are really good doing it.
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July 31, 2020, 10:47:09 PM
 #53

to prove they're not scammer project and minimize your investment of being scam...

1. look for the team if they're legit and real human... prove to yourself if they're human and real, not fake linkin from russia, reddit or facebook stuff...
2. list your find...

this has undoubtedly been a big headache because what most of the time what happens is that the scammer can create fake profiles so that people are convinced that they are dealing with someone real when in fact they are dealing with a fake profile

1. Real human doesn't guarantee that the project is legit or can succeed in the future, you still need to dig dipper and know the purpose of the project because if its just a copy paste of other project, then it will be hard for them to succeed.

if you look at the team members and see their curriculum, you may have a sense of what direction the project can take

i agree crypto don't sleep  Grin

one more reason for people to get smart


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August 01, 2020, 02:00:39 AM
 #54

True but these days even the real project can get you into trouble if DEVs decide to go numb and no longer update I have seen legit project that ended up like scam but that crypto for you 100% is basically not realistic So when you look up projects I will be good to check both angle and make sure the team have the energy to materialize the project. Maybe the team past projects and their level in the cryptocurrency market

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August 01, 2020, 05:00:02 AM
 #55

investing certainly has a high risk let alone we invest in the digital eye if you do not have the mentality and knowledge of crypto, do not invest because it will definitely bring harm
That is right investing has a high risk, but for people who have not good knowledge about investing in cryptocurrency. l also advise the people to be stay away from investing. l think knowledge is more important than money in this world. Lack of knowledge definitely will bring harm.
a disease many people have is lazy to research but wants to get rich quickly. many people are more interested in reading profits compared to the project. Well, I have also been like that. however, if you want to invest, make sure you know all the science, concepts, and core of the project in detail, even you also need to find out about it. Well, investing won't be that easy to make people rich. sometimes it makes you fall.

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slashz9
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August 01, 2020, 05:27:26 AM
 #56

yeah like holding a live meeting on social media and confirming that the team's identity is correct.
it is not difficult only some people are lazy to do it.
then analyzing and looking at the roadmap and the project objectives established are also important. Smiley
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August 01, 2020, 07:17:20 AM
 #57

Check out the quality of their social media channels, a promising project will be supported by a strong, active community. Do not trust too much on Crypto score ratings because this kind of scores can be bought for money.
Thats not a good basis. Some social media channels and sites are well designed and layout. So its hard to use that as a reference for scam or legit. I think focus on technical application like mvp working product or technical paper. Thats more easier to distinguish whether a project could be scam or legit. Check the team profile as much as possible call or try to contact them via videocall if their info is legit or not.

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August 01, 2020, 03:25:16 PM
 #58

Is there any project run by an AI or a robot. I mean in your first tip is obviously like any projetcs must be ran by real humans, I think what you mean by that is the team identities should real in accordance to their linkedIn profiles which I guess does not guarantee of a projects success.
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August 02, 2020, 04:46:50 PM
 #59

Proving that the team developer behind the project to be a real human does not give you any guarantee of the legitimacy of the project itself. What you must check is their identity and background. But still that won't be enough for there might be cases of identity theft and make use of other people's information to fool other people that they are a real person with real identity. Remember, scammers are also a wise man like we people who invest with crypto so basically they won't make a trap that will be obvious.

Investing in crypto does not basically just end on looking at the background of the project you wish to invest. It is also in need to have prior knowledge on how you will do investing. After knowing the legitimacy of the project you wish to invest of course engagement once you have already decided would be the next in line. In yourself, you must know how to identify which project is the best to get investment with and how you will do the investment. Though investment is taking risk since we do not certainly know how the project would end, still it would be best if you are somehow sure of the decision you have made on your investment based on your own analysis.

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August 02, 2020, 04:59:21 PM
 #60

Not every project with team from Russia is fake, mind you. If they really want to fake their information to scam you, they will usually fake their information and profile to countries that look it means for the business like US or EU to look legit and fool you.
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