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Author Topic: What is Transparent in it if team behind the coin is anonymous  (Read 413 times)
blckhawk
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September 19, 2020, 11:13:24 AM
 #61

Usually, if the team or the developers who runs the campaign keep their identity hidden I most likely stay away from it because if the project are legitimate then they will not doubt to show their identity. The team must shown their identity because it is the right of investors to know who will they entrust their investment. This was also the way to track down the team if in case they did something wrong.

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September 19, 2020, 11:31:47 AM
 #62

I will not choose projects whose team behind the coin is anonymous, Because usually projects that have an anonymous team
are very likely to be scams. With unknown identity of the team of a project, they are free to do anything, because if anonymous
can not sue them if it turns out they did fraud. So it's better to choose projects whose team identity is clear, and do have a reliable
track record. That way we can avoid choosing projects that are scams.

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September 19, 2020, 11:49:42 AM
 #63

And if there's no trust found on the team as they are anonymous or if they are not yet majority that's part of the team are not trusted, why you should invest?
Only investors who are quick to trust people are the one who might fall to this kind of project since they are mostly looking for the potential profit they can get once they invest. Transparent team is one of the indication of a legit project (though not all), its best that we can research thoroughly their past experiences as a part of the team so we can somehow make judgement if their current project has a future based on their previous performance.




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September 19, 2020, 12:22:03 PM
 #64

One of the basis if a project is legit or not is to disclose the team members, knowing the team members will give somehow assurance to the investors that they are in the right track of their investment. But some are hiding it to avoid responsibilty in whatsoever will happen to the project. Most of the projects I've known with anonymous team members turned into scam, so beware of it.

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September 19, 2020, 12:50:47 PM
 #65

Engaging into a project with anonymous team profile is really risky at times like this for you cannot pin point nor chase anyone once the project they have introduced come into failure or discovered or revealed to be a scam one. This is one of the scheme or strategy those individuals are using to lure other people which makes it really risky. But having a real identified profile of the team does not also secure that you are on the safe project for it might be a stolen identity from a reputable individual so thorough research is still a must have before doing any engagement. Building trust from the team developer towards its investors must be properly be taken in place for people are now being wise not to trust any project with team taking cover of their real identity stating they wanted to protect their identities and serve to respect their personal boundaries or their private life. But if you do really want to deal with people and gain their interest, you must do whatever it takes to make them feel secure on stating your identity if you are really having a clear conscience on running a clean and safe project for everyone. I am not saying anonymous team are always creating scam projects but for the record, most fail and scam projects come from those kind of team developers.





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September 19, 2020, 01:31:46 PM
 #66

real developer will not hide their identity, they will not afraid to anything because honest to their investors. meanwhile for anon developers they thinking if project failed or want to run out they will not worry people will them. if someone working honestly they will open their identity to investors as serious proof.
Yes, that's right, as a small example we can also see projects that we can see for real, the serious development team always shows everything including their real identities and even always makes discussion events so that they are better known by the public and that will also convince investors to enter into their projects.

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September 19, 2020, 01:38:14 PM
 #67

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
Who among the foolish person in this world would copy satoshi through anonymity? It doesn't even make investors think that it is a legitimate project just because Bitcoin is created by another anonymous group or a person.
They just can't face the fact that they'll be hunted down when they run away with the money that's why they prefer to stay anonymous.
When I see that kind of project, I just immediately turn it down and walk away.

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September 19, 2020, 01:43:12 PM
 #68

real developer will not hide their identity, they will not afraid to anything because honest to their investors. meanwhile for anon developers they thinking if project failed or want to run out they will not worry people will them. if someone working honestly they will open their identity to investors as serious proof.
Yes, that's right, as a small example we can also see projects that we can see for real, the serious development team always shows everything including their real identities and even always makes discussion events so that they are better known by the public and that will also convince investors to enter into their projects.
I think a project like that will get more investor attention as you said at a time like this. especially for new projects that are just marketing their platform. covering everything and not being transparent would raise a lot of suspicions. unless they have a strong community and market.

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September 19, 2020, 02:12:36 PM
 #69

I think a project like that will get more investor attention as you said at a time like this. especially for new projects that are just marketing their platform. covering everything and not being transparent would raise a lot of suspicions. unless they have a strong community and market.
Yes, but in general what we have seen is that the new project clearly does not yet have a strong community and market, so the project must make more strategies to shape these two things so that they are not suspected by the public.

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September 19, 2020, 04:38:38 PM
 #70

I think a project like that will get more investor attention as you said at a time like this. especially for new projects that are just marketing their platform. covering everything and not being transparent would raise a lot of suspicions. unless they have a strong community and market.
Yes, but in general what we have seen is that the new project clearly does not yet have a strong community and market, so the project must make more strategies to shape these two things so that they are not suspected by the public.
The community of the exchange will be easily created when the project can have a high price increase and have a high trading volume, it will make many people curious and will look for a special community to discuss directly with the team so that their group telegram will be crowded automatically.

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September 19, 2020, 04:52:28 PM
 #71

real developer will not hide their identity, they will not afraid to anything because honest to their investors. meanwhile for anon developers they thinking if project failed or want to run out they will not worry people will them. if someone working honestly they will open their identity to investors as serious proof.
I also shared in your opinion because nothing to be afraid of when developing a project that's going to serve the community. I think, if there is nothing to hide in a project then why are you hiding profiles of the project teams?. Satoshi case was actually different from what we have heard sometimes now, many projects with none project team profiles scam thousands of millions of dollars from gullible investors, so, without a project profile I don't make investment.

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September 19, 2020, 04:58:52 PM
 #72

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
If a coin is completely decentralized and mineable then there is nothing wrong with the team being anonymous and helping the coin in its development but tokens are not decentralized that is why we need to see them to check their legitimacy.

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September 19, 2020, 05:00:01 PM
 #73

People like privacy and not everyone are ready for full disclosure. It could be a red flag but not every anonymous project is a scam
Yes, an anonymous team is a red flag. And very often I have seen a project with an anonymous team turn into a scam after pre-selling its tokens. How can a project develop without a real team to promote it at various conferences? Or will the team members perform there in a Mickey mouse mask?





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September 19, 2020, 05:07:59 PM
 #74

Normally a project should be like your baby, it should be something you are very proud of, that is how you make your project because you actually believe in it and you support it and you will defend the project against everyone and everything because it is something you created out of nothing. Would you buy something from a place with owners hidden? Would you just put money on the counter and leave with the product without talking to anyone?

I could do that with maybe apples but when it comes to bigger stuff I would ask for many stuff and need people, same goes with crypto projects as well. At the end of the day if there is no project owner known that means they are not really trusting the project and not proud and they will %100 scam everyone who invests into it.

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September 20, 2020, 11:36:41 PM
 #75

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.

Personally, I would never invest in a new project whose team is anonymous. Existing decentralized coins with an anonymous team like Bitcoin, they have already proven their integrity. But new coins with an anonymous team can carry a huge risk of scam.

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September 21, 2020, 12:19:15 AM
 #76

I would never invest in a coin which does not show their team members. To have me really convinced i need team members that have linkedin profiles that i can look up.
On the other hand, if you have a anonymous coin that aims to have untraceable transactions, then why would you want your team to be known.
Maybe you are developing a project that is kinda illegal in your country, so in that case it would be understandable.

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September 21, 2020, 01:20:16 AM
 #77

Some projects claim that team can remain anonymous in a decentralized offering , while that maybe true it is a double edged sword for investor. Personally I prefer to put my money based on the track record of the team running the projects

 


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September 21, 2020, 09:14:13 AM
 #78

Despite the downside of accountability and fraudulence, i guess sometimes it enables the team to work freely, without any legal problems or unwanted attention. We cant just blame anonymity as a clear indication of fraud, because many times fake teams are used that appear real.
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September 21, 2020, 05:12:45 PM
 #79

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.
Here is a little example to understand your question. As rules, we know that we don't need to pay transaction fees of bounty distribution cost, but we do. Some investors are very greedy, they don't waste time researching, even don't care if this projects scam. When they need only profits, don't care to hold just sell and take profits.


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September 21, 2020, 05:40:26 PM
 #80

When ICO team is completely anonymous, then I would be very careful sending them any money because it is so easy to take this money and left the development. The other situation is when the team develops the project and gives it to the community without raising money, then it is better when they stay anonymous. Smiley

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.Akoin.....ONE AFRICA. ONE KOIN..
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