Anonymous a red flag?

[rodskee]

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?

Why not let us know which project is this ? so you can have another set of people that will check their legitimacy.

But for ICO or investing purposes? this is a 100% scam for me and a Red Flag of course.

We have seen so much drama from the developers/teams for long time now , Hiding anything just to make their Victims blind in case that seeking for claims.

if you find some kind of this , Just leave the group and forget about it , so your fund will be safe and you will be stress free.

[ice18]

Anonymous is not red flag, also Satoshi was anonymous but you need to do DIOR. Many Defi projects were anonymous devs and it was a success.
More important factor is trust build by an anonymous dev.

I don't like to compare Satoshi from being anonymous to new projects they are all saying btc creator is anonymous and so we are also anonymous the difference is Satoshi did not launch a token sale its just offered for mining before to collect coins imagine even obsolete PC can mine few btc a day but new projects today are too eager to collect huge funds of money with unknown team which is very risky there are lots of scam projects now and we need to be very careful when it comes to money thats why I always take a deep research into new projects with anonymous devs but has potential and interesting proposals I understand why some devs are also decided to stay anonymous I also seen many same projects before and has successful journey.   

[Bitbtc8]

When investing on a project with Anonymous team it's like you gambling away your money, you can easily tell if a project is really going to be good or not if the teams are public, I remember judging polkadot and avalanche just merely by their team members information

[isaac_clarke22]

~

They believe that just because crypto is decentralized means that they should stay anonymous as well.
They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed.

[Silberman]

~

They believe that just because crypto is decentralized means that they should stay anonymous as well.
They want to be like the next to Satoshi into going at least pseudonymous, while it does not apply the same to day because most of their tokens would be worthless anyway after the day their token got listed.

If those developers actually tried to imitate satoshi more closely and did not asked any money for their coins then I could ignore the fact they are trying to go anonymous, but that is not what we see, they ask for all the money they can knowing full well that they are leaving all of those people with no recourse in the case they decide to leave the project behind, which is their purpose from the beginning, as such it is important that people do not bother with developers like those as there is almost a 100% chance they are scammers.

[coin-investor]

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 they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.

[SaiyanSS3]

Anonymous has slowly become a meme for most exit scam coin, every scammer love to preach they’re anon build for anon and to scam anon.

[Golftech]

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 they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.

There's a high risk when the team's asking for money, moving to anonymous means you need to entrust your money to

someone wo don't have any idetities. A group or a solo developers which the true intensions are unclear, knowing the team

behind the project gives you insight  what are the potentials, if the team have good backgrounds.

[senyorito123]

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 they are not asking for money to fund their project, then there is no risk involved I have seen projects evolving without crowdfunding where the developers are anonymous and they are developing fund, if they are asking for funds then we can consider that high risk because we never know what's going to happen after they received the funds, there are crowdfunding projects where the developers fake their identity so they can run away with their identity safe.

You have a point, being anonymous doesn't mean it is totally high risk. When we say high risk, it involves big amount of money you need to give or down. What important is that you see that there is changes, a good result and updates from the team. That is why it is important to see each platforms and goals for you to be aware and guided in their movements and how it works.

[galestorm]

Yes, of course it is a red flag, especially when it requires money to fund their project. Anonymity of the developers sounds sketchy, certainly anyone in this group would like to be provided with full details regarding the project before they start investing. Letting the investors know of the developers identities builds trust between the two. It gives a certain level of "security" so that anyone wouldnt be afraid of investing, and in the case of a scam atleast people know who are those developers.

[abel1337]

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?

Anonymous Devs are pretty common lately especially on Defi scene. On the past ICO trend, Those team that chose to be anonymous is a big red flag from investors, and most of the time they can't reach their hard-cap occasionally even their soft-cap but with in the past few months especially when successful projects like Pancakeswap have caught the attention of investors and start investing on Defi projects even if it's Devs/team is anonymous.

[RussianEnglishTranslation]

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?

Most of the time it's dangerous to invest in anonymous projects unless it's a mineable project that didn't raise funds from the public. That's why I invested in RVN and 0xMR, there are no public figures that can be sued or arrested to shut down the projects.

[SaiyanSS3]

Look both eth and bnb are devs well known to people, they’re very successful, little can be said about anons through.

[FloridaKid]

If it's a project with No ICO and No premine and it's also a PoW algorithm coin then I will gladly mine if it has good use case, but the red flag starts from project with Anonymous team and still trying to raise money, it's high risk investment

[ecnalubma]

I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.

[Blitzboy]

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.

So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news

[Traderbtcc]

Anonymous team is red flag for me, I can't see myself buying or investing in such project when there's a high chance that the owner can just run off with my hard earned money, with the amount of crypto projects that turn into scam everyday, investing in a project that's has an anonymous team is very unsafe.

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.

Agreed not all anonymous team are scam, but 99% eventually turn out to be a scam only 1% of them delivered at their words, unlike those hungry scammers out there.

[tanjiran]

I’ve seen that same kind of projects for years, they are all gone now. As a start-up project transparency is very important plus factor to gain investors confidence. The only anonymous that I’ve trusted is Satoshi, the rest are just copy cats. But seriously everything is heavily regulated by governments now, some developers should stop hiding from the shadows.

transparency is needed now to build cooperation with potential parties, and to give confidence to potential investors in general. especially after many bogus projects that take advantage of anonymity. We can also see that influencer support like EM can make a big difference, so "identity" is very important right now.
although it does not rule out the anonymous project can be successful, as long as there is sufficient funding and the project is strong in terms of product and tokenomic support.

[aioc]

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?

No, if they are bringing something to the community that will enhance the use of the technology, Satoshi Nakamoto is anonymous and yet he revolutionizes the world, but if they are promising to give you something in exchange for funding them, then being anonymous is not good and they will become suspicious that they are trying to scam investors if they want money for their project let them come transparent.

[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.

So what about bitcoin ? An individual-built project ? Only Satoshi is the one whose identity remains unknown up to now? It is not always bad to invest in a project with anonymous team as long as they prove they have good resource and knowledge as well as the visionary. In order to recognize them, read the whitepaper, follow news. Even anonymous team can be concerned by sorts of news

I don't think these two are comparable. Neither do we know if satoshi was an individual. Can you name any other project except BTC which is highly successful?