Anonymous a red flag?

[ecnalubma]

I do not entertain project asking for financial support but are anonymous. Bitcoin is anonymous but it gain support because people already tested it and the fundamentals is incredible. Some developers idolised Bitcoin and also scammers trying to copy its standards to gain advantage to their potential victims.

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[Gorosden]

The team goes anonymous but still ask for fundraising? Every other projects I knew that have anonymous teams have no ICO or any fundraising strategy in work, for example monero, bitcoin and others, I'm not sure such project will end well, they can rugpull easily if they want since their identity remains hidden

[Mpamaegbu]

Truth remains that even with team members who are supposedly known, projects can scam too with the excuse that they couldn't continue. They soft exit and that's the end with investors' funds not returned. There's a project I did a bounty for in 2019 or so. The project did an ICO and raised a hell of cash, got the project listed on two average exchanges and then abandoned the project. Team members were known because during the ICO stage there were series of AMA and several seminars held too. But till date no legal action has been instituted against anyone. My attitude towards crypto investment is to invest cash I won't miss if I lose it. I have bought into many projects without knowing their team members and the tokens are doing well, at least. To me, anonymous team members isn't a red flag.

[acener]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

I don't think that all of the anonymous project should be red flag we still need to do some research if they are worth it,
Remember that Bitcoin has anonymous creator all we know is the pseudonym Satoshi Nakamoto which is the King of crypto.

[asriloni]

I do not entertain project asking for financial support but are anonymous. Bitcoin is anonymous but it gain support because people already tested it and the fundamentals is incredible. Some developers idolised Bitcoin and also scammers trying to copy its standards to gain advantage to their potential victims.

The problem is bitcoin didn't even need the fund to create the best crypto in the world and satoshi nakamoto was the best guy in the world.
This makes people will be careful with any anonymous project that was asking to get the fund for development purpose. So many parties were always marking the anon dev who wanna get the fund instantly as a big red flag.
Satoshi got a big success even without the fund.
I think that mostly of unskillful developers will always hide their identity

[7788bitcoin]

I'm doing a research on a new project right now and I see that the team decide to go anonymous, is staying anonymous a red flag for newbies?

If you asked this a few years back i would also support anyone who wants to be anonymous but we have seen a fair share of scams in the past and now a days if a project is planning to raise money then they need to be transparent but if they are coming up with an open project and there is no plans in raising money then they can be anonymous. 

[Silberman]

In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.

But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return.

[yazher]

In fact, not all anonymous is scam project. Sometimes developer or team just dont want to reveal their name. Let say bitcoin, bitcoin its self created and founded by anonymous " satoshi nakamoto ". But its better to invest to the project which you know the information as much as u can. If you wanna do big investment maybe you can do meet up first.

But there are massive differences, satoshi never asked for a single cent from anyone and he created a two trillion market out of nowhere, we cannot compare someone like satoshi to the greedy developers of today that want to get millions of dollars before they even write a single line of code, so the answer to this is simple if there is a developer out there asking for your money without revealing their identity never give them any money as there is a huge chance they are nothing but scammers trying to get to your coins and give you nothing in return.

Yeah, this is the major difference those guys have their own trick so people who are new to the crypto industry need to be careful with such kind of lure you might fall into their trap. Legit projects are more often managed by some of our trusted managers in this community or if not, they will show their kinds of the team so that the others will see how much credibility they have or what we call popularity. Nevertheless, real projects are those that have a sound road map and active team or staff members not just some ordinary people whom you don't know if they really exist or not.

[Teraboy]

The team goes anonymous but still ask for fundraising? Every other projects I knew that have anonymous teams have no ICO or any fundraising strategy in work, for example monero, bitcoin and others, I'm not sure such project will end well, they can rugpull easily if they want since their identity remains hidden

If you have been watching the ico development since a long time ago and then you should have seen so many anon team wanna try to get the free money by issuing the garbage token.
This is an old trend and people have become even smarter than before to put a big red flag on the anon team.

That's why majority of people call a project with anon team is a scam project.

[GreatArkansas]

But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.

[cabron]

You should first look at the project and its development whether the team did a good job to proceed with their project. If they are doing ICO, investors should just avoid it but if they are listed already on the exchanges and the project had continued developing it while they are anonymous I could say they are genuinely good and maybe trade their coins.

[Genemind]

Even if the team has a profile it doesn't verify them as legitimate projects. If the project is too good to be true and they promise a lot of development in a short period it is a red flag. Bitcoin founder is anonymous and yet it is the fundamental of all crypto. Doing dilligent research before investing saves you from investing in scam project.

[TastyChillySauce00]

But what if a team is anonymous but most of their partners or investor on that project are well-known and extraordinary people?
For example, is the Raydium under the Solana project.
But their partners are huge, just like Solana, Serum, Bonfida, and most of these are funded by Alameda Research or they are involved within the projects.
At first, this is my question, being anonymous in a random project sometimes is worst.

If that's the case I'd see whether their partnership is truly legit or not then if turns out they are legit it could somewhat add weigh to their reputation and see the technical aspect of their project. Sometime, project partnership sometimes worth more the developers identity if those are big investors, company, etc but I'd still be alerted, you know thing can go south real quick when it comes to anonymous team.

[Luffygroove]

I believe we can't directly decide that this is a red flag of course. We need to consider other things too. We need to learn the project more carefully if this the case. You have to dig deeper to the core of the project. How logical the project is, what product they offer and how real is the use case, who supports them etc. It's probably right they need to be anonymous. Apparently, many projects who introduce their identity still doing some fraud, because it's only a fake identity anyway.

[Skinny48]

Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden

[criket]

Anonymous isn't a red flag, find some spare time and do research on most new defi projects since 2020 and also on NFT projects that are already on big exchanges you will see that majority of them have no information about their teams, they keep it hidden

then how can they be trusted?
indeed not all anonymous projects are bad. like bitcoin, it is also an anonymous asset (pseudonym).
all returned to the developed project. When they can gain the confidence of investors and the market I am sure they will be successful.
But keep in mind, the situation at Bitcoin and anonymous altcoin today is different. we all know it.

[isaac_clarke22]

That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.

[CryptoATM]

The thing is there are many crypto projects that have anonymous team members but are doing so well today, if any project have to go anonymous this time around that crypto is becoming so popular I'd wait and see how the project actually plays out because it's now more harder to trust new projects even those that have visible team members unlike this that have anonymous team

[Silberman]

That is just equivalent as you giving money to strangers, OP.
"Currently a risk"? That is plainly bs, because they just do not want to be tracked down in their exit scams.
Not sure what project is that, OP but it is a red-flag for me already if you would ask me.

Exactly in the vast majority of the cases there is not going to be any kind of justification for the developers of the project to remain anonymous and yet to still ask for people to trust them and to give them their money, it is obvious at that point that what they are trying to do is to avoid detection by the kind of people that we have in the forum that can know if the pictures or the profiles that they are claiming to be the theirs are in fact false, with this in mind we should always avoid projects like this and if you don't then you must accept the consequences which most likely will include losing your money.

[libert19]

Ah the classic reason, stay away from anonymous teams (believe me they are usually single person) , every single project that I have been with anonymous team, exit scammed.