How do I know if an altcoin is a scam?

[LemonMaker]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

[MusaMohamed]

If you don't know, don't invest in new projects.

Choose old projects that have years in the market and don't have scam accusations. Scam projects will be reported on the forum or else where. You can check with Google.

https://scam-alert.io/

[LemonMaker]

Is one month considered a "new project"? These guys seem legit man and I've put in quite abit to pull out now.

[bakasabo]

First answer yourself what makes you feel why they are scam. Maybe the answer is obvious.
Check their team and previous experience. If they are new or no-names, I would start to be suspicious. How can a developer has nothing do display on public and promise success?
Check what they offer or are developing? Is this something new? Or another swap/exchange/dog (or other animal) related project? There are thousands of them already. They cant make 100x.
Think about benefits they offer for investors. Isnt it sounds to sweet? Remember, there are no easy and quick money in cryptocurrency, at least anymore.

[LemonMaker]

First answer yourself what makes you feel why they are scam. Maybe the answer is obvious.
Check their team and previous experience. If they are new or no-names, I would start to be suspicious. How can a developer has nothing do display on public and promise success?
Check what they offer or are developing? Is this something new? Or another swap/exchange/dog (or other animal) related project? There are thousands of them already. They cant make 100x.
Think about benefits they offer for investors. Isnt it sounds to sweet? Remember, there are no easy and quick money in cryptocurrency, at least anymore.

Well its the chart that's been dropping i think there was a whale that left last night. The entire team is doxxed and they did AMAs and apparently they're a registered company? I'm not sure if that prevents them from doing rug-pull. Doesn't seem like another dog coin to me... there's a 3% reflection for all holders that's it i think.

[Maus0728]

Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

[LemonMaker]

Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

Super helpful... thanks! One more question – what is "degen trade" and how long should I wait in a dip before pulling out?

[virasisog]

Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

Super helpful... thanks! One more question – what is "degen trade" and how long should I wait in a dip before pulling out?

It is trading without looking to a coin's real value but hopping in because of FOMO to just join the hype for quick trade profit. You don't want to hold a new altcoin since most of them are just hyped and remember that we were recently in a bull market and now it is almost over, most new coins might not survive once the bear market is over so holding it is not ideal.

[FairUser]

As long as you add more information about the project you mentioned, people here will help you, but I have these thoughts about

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

do you understand it?
do you have faith in it?
....
There are a lot of factors that I'm sure you don't really understand, so for a newbie, I think they need time and money to experience new things, advice is considered superfluous because most new entrants don't like to listen to the opinions of their predecessors.

[Bttzed03]

~ if its a real 100x token?

Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

[LemonMaker]

As long as you add more information about the project you mentioned, people here will help you, but I have these thoughts about

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

do you understand it?
do you have faith in it?
....
There are a lot of factors that I'm sure you don't really understand, so for a newbie, I think they need time and money to experience new things, advice is considered superfluous because most new entrants don't like to listen to the opinions of their predecessors.

That will be super helpful... The ticker is "SUBX". Its supposed to help startups grow by providing some apps and products.

Website:
https://startupboost.app/

Contract:
https://bscscan.com/token/0x5232152c8207653aeda5baa0ff7fb1046c23c753#balances

New "app" they releasd:
https://community.startupboost.app/

I honestly think this is not a scam but I've been burnt by some other presale rug-pull before and I already have about 2k here. What do you think?

[Jackl87]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

I don't think if you there are methods to make 100% sure that a new and umpcoming project is 100% legit and not a scam. You can check the team and looked at their linkedIn profiles if they have one. But even those profiles can be faked and a lot of times the team behind a crypto project wants to stay anonymous which doesn't mean automatically that those projects are bad or a scam so it's really hard to know.
You could also look at the portfolio of the VC's (Venture Capital) that backed this project if there are some known names that have confirmed their investment into this altcoin than it should not be a scam because those VC's make than they should have checked the project conscientiously.

[Maus0728]

what is "degen trade" and how long should I wait in a dip before pulling out?

It's a type of trading technique that focuses on making quick profits. These can currently be used for initiatives such as BSC farming tokens (these are the new ones similar to ICO.). The basic idea is that you will acquire a particular amount of tokens and then swiftly exit once your initial cash has been multiplied and then move on to another project.

Degen trading is quite useful when the market is bullish where every shitty project can sometimes drastically spike in price due to some hype/FOMO and shilling of other people to various crypto communities. Be advised that it's very risky for someone who is not that experienced in this kind of trading or quick investing. Most people call degen traders a suicidal trader of the crypto market. Beware. You can search the web for more info regarding this.

[LemonMaker]

~ if its a real 100x token?

Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

They didn't say 100x but the dev did say 1b in 6 months was the plan. Is that considered high?

Also they are backed by some important person from Quest Ventures, idk if that is faked or not. I found it here: https://startupboost.app/about-us/

But damn.. this community is super helpful. Thanks guys...

[Bttzed03]

~ if its a real 100x token?

Did the team tell you that the token will give you 100x return? If so, that is already a red flag on its own. I would completely avoid it or just spend 1% of my portfolio if I feel like gambling on new or micro cap projects.

They didn't say 100x but the dev did say 1b in 6 months was the plan. Is that considered high?

What's this $1 Billion? The token market cap? If so, that's not really different from saying 50X or 100X. Remember that to increase crypto market cap per CMC, it would involve the circulating supply and the price. I doubt they would increase supply which suggests that the plan was pumping the price. Again, that's a red flag. I would avoid a team that discusses price or market cap.

[YOSHIE]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Roughly speaking for now there is no way to know the altcoin or token you got/buy from the project is a scam, except: You check all the origins of the project in detail before you make a decision to join or buy tokens to become an investor, it's a long process.

Suggestion:
If you want to get altcoins/tokens from projects/bounties, at least you can see the manager who manages the bounty who has a good reputation or not in this forum, at least it can have a good chance of tokens/Altcoins in the market and also the team involved in the project.

With advice like that at least, you are a bit spared from Altcoins / tokens that lead to scams, because managers who have a good reputation will assess the Altcoins/tokens/teams involved in the project carefully, before they make a decision to promote the project in this forum.

Note:
What I tell you does not guarantee 100% that you will avoid scams, sometimes managers can also be tricked by the company after they successfully promote their project, but good reputation managers at least they do Escrow, for guarantee.

[LemonMaker]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Roughly speaking for now there is no way to know the altcoin or token you got/buy from the project is a scam, except: You check all the origins of the project in detail before you make a decision to join or buy tokens to become an investor, it's a long process.

Suggestion:
If you want to get altcoins/tokens from projects/bounties, at least you can see the manager who manages the bounty who has a good reputation or not in this forum, at least it can have a good chance of tokens/Altcoins in the market and also the team involved in the project.

With advice like that at least, you are a bit spared from Altcoins / tokens that lead to scams, because managers who have a good reputation will assess the Altcoins/tokens/teams involved in the project carefully, before they make a decision to promote the project in this forum.

Note:
What I tell you does not guarantee 100% that you will avoid scams, sometimes managers can also be tricked by the company after they successfully promote their project, but good reputation managers at least they do Escrow, for guarantee.

Hey man thanks for the suggestion. Can they be a scam even though they are doxxed and LP is locked? They also had AMAs and i think backed by some advisor in VC.

[indo1]

It can't be fully precised, but you can do research, scam projects also have characteristics, such as no seriousness in project development, teams with no profile picture, minimal information, too closed.

[isaac_clarke22]

Hello, OP.
You should probably just be off researching by your own.
Even a higher ranking member managing an altcoin ANN thread or managing a bounty could still ruin your day as you know that there are still some purchasing accounts happening off-forum.

[eckmar]

Do they need their own token? Can the same thing be achieved with already existing currency (BTC, ETH etc)? If they first make the token, then find the uses for it its most likely scam. Not in a way that they blatantly take your money, but they just issue token as a get rich quick scheme for themselves.

[Ucy]

A decentralized and safe shouldn't have developers privacy right violated through doxxing or something that.  You could ask those who wish to remain anonymous to voluntarily verify their true identity in a way that does not compromise on their privacy/anonymity right. This should be the Right Practice in True Cryptocurrency rather than resorting to activity that could put the cryptocurrency project at risk.
I think the doxxing part makes it abit challenging for me to offer advice on the project security. The project could be considered already compromised in certain situations. 

[UKprod]

Some questions that you can ask:

• Whether the entity is registered legally?
• Whether the entity is regulated in its country and whether your own country would be able to enforce your rights in such country?
• Whether there are real people behind the project and what are their credentials?

Further, some of the red flags include the following:

• Promise of guaranteed return or high returns
• Promise of regular income
• Something that is too good to be true
• They ask for your money before they actually start the project

[Yamifoud]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Most of the scam projects offer huge returns, easy money as what we called it. Greedy people usually got fooled and caught in their trap that is why it is a need for us to make some search before investing and we don't need to rush because of those offerings as in the end, you only make yourself as their prey.

What you have to do now is to have some market observations and since you are new to crypto, you just invest those coins that are already listed to exchanges, not these new projects that have no working products.

[kesmex]

It can't be fully precised, but you can do research, scam projects also have characteristics, such as no seriousness in project development, teams with no profile picture, minimal information, too closed.

but nowadays there are many new projects like that, and the results are beyond reason!,
a trend like this is called the meme coin trend, of course this is like gambling,
if you buy a meme coin at random and the result is a pump then you are lucky,
but if you buy meme coins then dump, yes that's the risk.,
to be honest this year it's a scammer and it's not very difficult to distinguish

[iTradeChips]

There should be tell tale signs that an altcoin is a scam. Based on my experience, it should be the flowery promises of big profit, the marketing hoopla that you can see on their websites, the social media. They give out all to easy rules on how to join and how to "invest". Maybe give you some perks or two along the way, but of course it will take a few months until you will feel the slow progression of their malicious intent. Just don't fall to those "get rich quick schemes" you see on the Bitcoin boards and forums.

[sulendra12]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

If you are asking the questions to the team and they are probably only saying good stuff to you, to make you feel encouraged to invest into their project.

The best thing you have to do is just search the background of that project by yourself, like the team, roadmap, what they offer etc. If we had known which projects to bet the next 100x token, then we would have been really rich right now and people start investing on the same project.

[speedy963]

The best advice for a beginner like you(since you kinda give that kind of vibe) is to put off investing on startups first and try to invest on well established altcoins instead while reading more about this industry so you can get a feel of this industry without having much risk while improving your knowledge and experience. Then when you manage to know a bit more and feel quite confident, you can go and start small, then gradually increase your capital per investment till you get the hang of things. But for now, steer clear from startups.

[1l1l11ll1l]

If you try to find 100x tokens, forget it, you're just wasting time. Investing doesn't necessarily make you rich quick. there must be analysis and calculation to get the profit you want, and maybe a little luck. btw, back on topic. don't believe what they say easily. you can try to check it yourself. if they promise to have a good use case, you can try checking their product, if you feel their product doesn't match what they say, then that will be the first red flag. You can also take a look at their github repository, if they are really a good project, they must have qualified and active developers

[Kez1817]

To know if altcoin is scam, visit their website and study the white paper, know the team behind the project  and other important details regarding the project. Also, don't invest if you hesitate about it. It is still better to invest those altcoin which already have a strong foundation in crypto market.

[Impostume]

First of all i think you should not invest in a thing that you don't understand. Secondly they need to prove that the project can solve a real problem and you need to know the CEO of the project has done good things on other projects in which he has been involved. Thirdly try to read and read more about that project.

[sapnu]

You can learn about it right away through reading the team's white paper and monitoring the price movement of their altcoin. You should also learn about their schemes like the offer or the expectations they are giving with regards to their coin. Also you can try searching for the top altcoins at the moment so that you wouldn't have to waste your time anymore risking on a new or unpopular altcoin. It would be safer that way and it could be more beneficial if ever the coin suddenly gets more successful over time.

[devil2man]

it is not possible to know in advance if an altcoin / project will be a future scam unless there are already many negative reviews on sites such as trustpilot or similar sites of other users who have already tested it, otherwise you have to do your own research and see if the altcoin has large volumes on exchanges, which use it can have in the sector and if there is an experienced team behind it

[xiboothrezi]

Op said that he is still new to this ecosystem, to avoid the risk of being caught in a scam it is better to choose a coin or token with a high rating in the market. Moreover, scammers are getting better at hiding their lies, newbies will definitely be easily provoked.
Never invest your money in something you are not familiar with. and make sure you know the risks, must be prepared to lose.

for project-related questions, try asking what the project's advantages are compared to other similar projects.

[asriloni]

You should never believe with any claim that created by those scammers. If that was having a solid product and it must be popular right now. If the fact was saying the opposite thing and then you must be careful with it as it's potentially to be a scam project anytime. You should ask about the audit for the code. Even when the dev said that if LP locked and it can't be trusted.
You must be careful with any new project. This is a new project and it has a very big potential to be another scam project.

[DarkDays]

Some questions that you can ask:

• Whether the entity is registered legally?
• Whether the entity is regulated in its country and whether your own country would be able to enforce your rights in such country?
• Whether there are real people behind the project and what are their credentials?

Further, some of the red flags include the following:

• Promise of guaranteed return or high returns
• Promise of regular income
• Something that is too good to be true
• They ask for your money before they actually start the project

Yes, there are the questions above that one should be mindful of when considering looking at a new alt coin, and additionally, looking at its trend on either dextools (ETH-based coin) or pancake swap to see what the activity of that coin is. From there you can see if anybody sold out (there are some alts where you can only buy not sell - this is obviously a scam), you can also check for the amount of each pooled pool and what the trading volume is. Altogether, these should point anybody in the right direction

[bahagia93]

First of all i think you should not invest in a thing that you don't understand. Secondly they need to prove that the project can solve a real problem and you need to know the CEO of the project has done good things on other projects in which he has been involved. Thirdly try to read and read more about that project.

A very smart solution, because most people in the past directly ate the talk of the project developers so it was so easy to be deceived by the project developer, now so that it doesn't happen again, then the points you said I think need to be implemented on every new project we see.

[Dewiana]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

To see scam alcoins, we check Domain's active period
because the scam is deceiving so that you can quickly get a short life and the domain used is not long

Live Chat that is never active, Has unreasonable promotions, and evidence of fake payments

[CaptainCrapper]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Before investment any project need to read rules at fast then need to write wheetpaper rules then you have to take decision of investment.

[herurist]

maybe one of the best things is that you look before you buy the coin and don't be in a hurry because you're greedy besides don't buy a new coin if you're not sure.
and if you want to buy maybe coins that can be trusted only because there are lots of shitcoins hanging around here.

[LimLims]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

There is a huge difference between tokens and altcoins.
There is no chance of getting scammed when you buy or hold an altcoin, yes if you buy a token, then yes high chances is there that you might get into losses.
Moreover for a better clarity, coins that are listed in popular exchanges are considered to be scam free.
And now if your question arises, which altcoin to invest in exchange, then my advise is to go for the coin, which has big marketcap.
If any questions if you have more OP, then do ask me.

[MauJohn21]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Just research it and look into their community / join their discord server. That's how I found out about DIVI, it's great and I have no regrets

This is definitely not such a simple task, however an indicator that I think can help is the acceptance of the cryptocurrency by Kucoin. It is a special endorsement and to learn a little more about Divi's pro I want to leave you the following link: https://wiki.diviproject.org/

[poodle63]

To know if altcoin is scam, visit their website and study the white paper, know the team behind the project  and other important details regarding the project. Also, don't invest if you hesitate about it. It is still better to invest those altcoin which already have a strong foundation in crypto market.

Even whitepaper could be bought, there's many people out there that are selling services to create whitepaper, i wonder how they could make whitepaper so fast but they
do exist, a legit project however always have believable whitepaper that makes 100% sense for people, or they could even simplify it to make people even the average joe
easy to understand the concept.
Just try to ask the team behind the project about some technical stuff, if they are legit they know what they are talking about.

[Dr.Osh]

very difficult to determine a coin just from its name alone. You need to do deep research for that. even coins like ETH, or BNB are still very difficult to predict. if you want to know, whether the coin really has great potential or not, look at the developments in the telegram. if they make something ahead, it could be that the coin is going up high in the future.

[pinoycash]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

No one can predict if a token will reach or pump to 100x in its current price. Even if the presale LP is lock its not guarantee since there are sneaky devs that know how to rugpull even if the LP is locked. But having a doxxed dev is a postive thing,

[wajik-tempe]

It's quite easy if you already know the pattern of scam altcoin.
This is my list of the marks of scam coins.
1. They don't have any proper websites to present their projects.
2. The community is not active, or they don't have any social madia community at all.
3. Their team members don't have linked in accounts.
4. The rest, experience is the best way to learn, you will know the pattern of scam coin when you already scammed a lot

[sumant]

Now at present time creating crypto projects is now way of scamming community. So many crypto coming on daily basis, you will be confused who is legit or scam. A scam project will not make a website that telling the usecase of the project. They will not give team members name. Their social media is not going to be active too much. They will give you good percentage of bonus in sell ,Because you will buy more and going to scam with good money will be easy for them.

[huiji2011]

First of all, i think it is necessary to lower the request. Does not dream of buying coins with a hundred times profit. It is enough to invest in coin with x10 potential.
As for how to distinguish, this is very difficult, bitcoin is also people say it is scam now，of course，we all know this is wrong.
The easy investment strategy is, only buy new coins that Binance invest in, or with a high market value.

[dhemasm]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It's little bit hard especially if dev was anonym if not the you can try to track their profile and look their experience or anything. Sometimes a project with a good vision and mission and other convincing factors can end up being a scam. My advice Maybe it's better to follow a project with more transparent development process and real person on their team.

[Dread Pirate Roberts]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Altcoins are rare to scam. because you have the coins. maybe you mean the value drops until it has no value? well it depends of the community and developer. and the fact is that the every altcoin who didnt have community at all needed budget for their altcoin for become successful in market.
and its going the worst if you talk about ICO / token most of them are really had no value at all.

[Kunotcoin]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Actually, it's very hard for us to determine a new project if it was legitimate or a scam because we don't know yet their positions or motives, it is all up in their minds that's why for me I consider it as a gamble to invest in the newly created projects although that some projects are guaranteed legit especially if they are doing some IEO campaigns in large crypto exchange like Binance other than that is considered to be uncertain.

[ILuckyGuyI]

It is actually not easy to determine which altcoin is scam which is not. The best and most important thing is to do a really detailed research about a project. It can help you evaluate the project really a lot. Otherwise, I don't know any other way to be able to know that.

[toast]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You should familiarize first on how different project works. Look at the other project that is similar with the project, look for the uniqueness of the project and why they deserve a x100 in terms of price. It's easy to claim that they would have a 100x in the future but it's impossible to predict you should also look if they have working project and most of all their market volume.

Just a tip, most of the altcoin startups won't be too long so you need to review and study the project very well to avoid the scam projects.

[GelatikKembar]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You should familiarize first on how different project works. Look at the other project that is similar with the project, look for the uniqueness of the project and why they deserve a x100 in terms of price. It's easy to claim that they would have a 100x in the future but it's impossible to predict you should also look if they have working project and most of all their market volume.

Just a tip, most of the altcoin startups won't be too long so you need to review and study the project very well to avoid the scam projects.

Yes we need to do more research to find out how the project works,
besides that by doing research we also know whether the project is really promising or a scam project,
what is clear is that doing it is not easy, it takes more effort

[jaberwock]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

When you aim 100x profits from a coin, you must be prepared to fail 99 times and sometimes even that is not enough. Don't get me wrong but it is like winning a bet at a casino with a 100x multiplier, you might hit every once in a while but you will lose more than you earn with the 100x.

The altcoin market is so crazy that you might be lucky to invest in projects like YFI where the value went ballistic or you might end up investing in a shit project with a fake team and stolen whitepaper. No matter how much research and analysis you have done, you can never guarantee success with any project even if they look like a diamond from outside. If a coin has good use cases then you can at least feel safe because the coin won't become dirt all of a sudden.

[Ararbermas]

To figure it out you should make a observation first especially if it has no value yet or a new project because it's too hard to know how good it's or let say if it has a potential to become scam project afterwards. But still i suggest to just try to visit the sites if it has a genuine team behind because that's the most important and through the chat group also of the project so that you can obtain some information perhaps it can help you to know if it's a scam or not in my opinion since that's the common ways of other investors to find out if it's good or not..

[el kaka22]

It is honestly not that simple not to get scammed. Because there are tons of projects that make it as great as it can be, like I have seen tokens that would make profit if the owner kept it up, they were great and then they pulled the rug and took the money instead.

However there are few methods you can check, like on defi you can see if the ownership is renounced and if there is a timelock and if there is fee change if there is migration basically many things. That is one of the ways you could check and see if they are real or not, and it is a simple deal to check that, doesn't mean you won't be scammed but at least you know certain things and would be scammed less. Regular coins are another deal, check premined and other stuff but you all know what you need to do, I just hate it when team gives itself too much power, that is the most important part.

[Rakeshten]

I think first you should start investing in big project coins or top coins,  because you are new. If you want to know about any coin future you should read their roadmap, tokenomics Or whitepaper if have.

[feelideb]

The Amm model of exchanging token base on altcoin like ethereum  has increase the participation of bad actors in cryptocurrency space! The likelyhood of a project turning into scam is higher than it has ever be. Therefore, precaution most be made before investing your hard earned money!  The basic pre-caution is as follows;
1. Contract Audit and renounciation of contract!
2. The supply of the token and it's appropriation
3. The nature of the token e.g deflationary or inflationary vis a vis price!
4 The quantity of token been held by the Team, Marketing etc!

[laredo7mm]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

The first piece of advice is if you don't know and understand a project well enough then don't invest it. And most of the time scam project appears in the market when the market is trending for a certain project. As an example when meme coin hype occurred then we saw many similar projects like Shiba Inu and most of them are copies of Shiba Inu. Those are mostly scam projects.

[RussianEnglishTranslation]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You only know a project isn't a scam if it has fair distribution. RVN and 0xMR can't be scams because they are fairly mineable and there are no dev wallets.

[abel1337]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

The first piece of advice is if you don't know and understand a project well enough then don't invest it. And most of the time scam project appears in the market when the market is trending for a certain project. As an example when meme coin hype occurred then we saw many similar projects like Shiba Inu and most of them are copies of Shiba Inu. Those are mostly scam projects.

Scammers tend to take advantage of every opportunity in the market that they know people will invest in. This happened in the past with the ICO trend and the recent Defi trend. There are many projects today especially on Defi that is a Degen project which is very prone to having investors being RUG. There are also projects that are impersonating or copying other projects. Just beware and do research about the altcoins you are planning to invest in.

[Jocuserious]

It is foolish to invest in crypto without sufficient experience and you have to count the losses so wake up first. Moreover, if a project gone to scam  then we have nothing to do and it is not possible to get your money back. There are also plenty of scam project in this crypto market so you need to understand which is the better project. I hope you can easily understand this short comment, so spend your time researching crypto.

[albon]

I think first you should start investing in big project coins or top coins,  because you are new. If you want to know about any coin future you should read their roadmap, tokenomics Or whitepaper if have.

Yes, whoever invests in a project should read all the information related to the project, and if you examine the whitepaper of the project and find it without sources or plagiarism, then this is undoubtedly a scam project, so whoever has no experience should not invest in new projects and invest in old projects because it is a safe investment.

[Shallow]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Something caught my attention from your post, that is, "100x token". For you to ask such about a token means that, those project team must have told you that their token is a 100x token or put in words which makes you to believe so or better still, the community is hyping it as such. But the truth is, no one can totally determine if a token is a 100x token except the market and maybe to an extent the team, however in most cases, the team say such in order to draw in more users and then dumping on them.
On the other hand, in a token with good use case, the team do not say anything about price or categorise their token in any way, but they work hard and showcase what they can offer, and through what they can offer which of course is the use case, users will be convinced and hence knowing the best way to invest.
Lastly, any token whose team tells you it is a 100x token, or in which the community is hyping it as such, invest with extreme care and with your spare funds if you must do so, most times, it doesn't end well. 

[Twinkledoe]

I think first you should start investing in big project coins or top coins,  because you are new. If you want to know about any coin future you should read their roadmap, tokenomics Or whitepaper if have.

Yes, whoever invests in a project should read all the information related to the project, and if you examine the whitepaper of the project and find it without sources or plagiarism, then this is undoubtedly a scam project, so whoever has no experience should not invest in new projects and invest in old projects because it is a safe investment.

The problem is the OP wanted to ask the team if they will be 100x of its price in the future. I don't think even the team themselves can answer such question. Seems the OP is really new in this market. As a beginner, he should first put his funds to establish markets like btc. It may not give him 100x of his investments but at least, you are sure that your funds will not disappear. He should be familiarized first with different alts and how they perform in the market. No one can guarantee such 100-fold of his investments.

[Wend]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Well maybe you need to search first and dont be a victim those words a 100x token because most of them are playing time from those investor that invested there money for nothing. And also one to caught up are those people new in crypto word are want only a easy money so thats why many developer has easy get a money from those people has no idea of what project they invested.

[FairUser]

Does the OP want to hear from the depths of our thoughts,
Those who have been in this field before are always trying to share all the knowledge they know.
I don't have a lot of advice, but listen and respect the experience of those who have gone before, so it can be applied to your best friend, and depending on your ability it will bring you the following results exactly what your ability to reach.

[Anonylz]

I suggest you review DIVI a solid project with one of the most competitive rates of return, Divi Nodes are the easiest and safest way to earn cryptocurrencies. Also with the launch of its new wallet for DIVI, BTC, ETH and LTC exchanges which undoubtedly makes it one of the best wallets on the market and now with its recent inclusion in @kucoincom

For more information visit: https://diviproject.org/

Looks like you are either one of the Divi team member or a paid shiller to shill about Divi because  I can see that a good part of your post are all base on shilling Divi, if you are not part of the team and not paid to shill then I suggest not to be too trusting on this project,  especially if you are an investor,

Frankly, if Divi is that good a project, not too much shill is required before people notice it, just saying,
@op it isn't so easy to know scam project especially the clever ones, everything may appear legit with the project details but they will still end rug pull in the end.

[Sendi blackspade team]

Does the OP want to hear from the depths of our thoughts,
Those who have been in this field before are always trying to share all the knowledge they know.
I don't have a lot of advice, but listen and respect the experience of those who have gone before, so it can be applied to your best friend, and depending on your ability it will bring you the following results exactly what your ability to reach.

I myself am still having a hard time being able to distinguish with certainty a project that looks good from a good campaign manager but apparently, the team does not make payments or development.
I used to always follow some good managers for the projects I was following. but I have proven it, not all projects held by the manager that I hope are good will be successful. sometimes someone pays but tokens can't be traded because the team runs away.

[barbara44]

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

As a newbie if you can’t tell which projects are scam or legit, then it’s best for you to invest in the old projects. I do understand that a lot of you tend to go for the new projects because you feel that they are cheap and have the possibility of doubling your money in the nearest future. But it doesn’t work like that, sometimes the old projects are the better options to go with, not only are they going to be a safer option, but they are even more likely to give you profit on your investment.

I have not heard about this coin that you are talking about. I think you should do more research on them and check out their team on social media to verify if they are really who they are claiming to be. If you can’t see anything that can convince you that they are legit, then stay off.

[chikading2016]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It is hard to detect scam, there are different ways of scamming and you need to be aware on it. Sometimes we need to search the project and the team behind it to make sure that it is legit. I prefer to invest on project that has a reputable team and the team that already handle a succesful project before.To avoid scam invest in good altcoin example is eth, xrp, xlm, dogecoin, etc., because i believe that it is more safe to invest in old altcoin than new projects.

[flyer88]

In the past, when I was a beginner, what I did was research, and always approached friends who knew more about which project info was good and profitable. However, find a friend to study with whom you can trust. If we only rely on one source for information I think it is lacking , and if you are not sure about the altcoin you are going to invest in , better not at all . Because if you are sure, it means you are ready with all the risks of profit and loss

[marilynmanson21]

Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

Super helpful... thanks! One more question – what is "degen trade" and how long should I wait in a dip before pulling out?

It is trading without looking to a coin's real value but hopping in because of FOMO to just join the hype for quick trade profit. You don't want to hold a new altcoin since most of them are just hyped and remember that we were recently in a bull market and now it is almost over, most new coins might not survive once the bear market is over so holding it is not ideal.

coins that rely on fomo don't last long, I was tempted by 100x coins, but as soon as I got a 30% profit from my purchase I immediately released it and didn't come back again,
 it turned out that my choice was right when the whale pumped it out, I should get away from the new coin
but whether in the future it can be 100x more than the current price or not

[carlisle1]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It is hard to detect scam, there are different ways of scamming and you need to be aware on it. Sometimes we need to search the project and the team behind it to make sure that it is legit. I prefer to invest on project that has a reputable team and the team that already handle a successful project before. To avoid scam invest in good altcoin example is eth, xrp, xlm, dogecoin, etc., because i believe that it is more safe to invest in old altcoin than new projects.

Investing with something that you already understand, it's better for you to research and work more in gaining knowledge
with the type of business that you are participating, projects that have use case and community support.

Assess well and not just blindly following those known people who give their opinions, scam are everywhere you can simply avoid
it by doing your own study.

Likewise, invest with solid project if you are still working with your knowledge, lesser risk for a while until you familiarized yourself with this type of investment.

[Cling18]

Check the legitimacy and the reputation of the team behind the project. If you're having a second thought then you can look for other great projects with a reputable and trusted team. As for me, it would be better to invest in a well-established coin with a strong foundation. It's hard to trust most of the new projects these days.

[Vaculin]

Some of them are pretty obvious but some also are not, we can just know that they are scams when someone does the reports.
I do believe that we've done our thorough research but we can't just deny that some legit projects turn into scams especially those who don't have a working product.

Investing in crypto is not totally safe and too risky especially when investing in new projects. That is why do suggest for the investors just invest more in old coins rather than thinking x100, x1000 returns for new and unreliable projects.

[deathcode]

Join some communities that you trust, such as in telegram groups or other social media. You can discuss the project you want and discuss it with them. The main thing you have to pay attention to is the team, roadmap, whitepaper and others.

Yes, everything you said is a very good solution, but right now these things can still be manipulated so that everyone can trust them, this is why everyone should always check first so that the project they trust can be really safe to follow.

but everyone also has a different ability to analyze each project. that's the problem. but fortunately, in this forum, we can see that many people care about the development of the forum and the crypto market. some publish projects that are indicated as scams and provide tips for analyzing projects with indications of a scam. it is up to us to develop our abilities.

[FairUser]

Does the OP want to hear from the depths of our thoughts,
Those who have been in this field before are always trying to share all the knowledge they know.
I don't have a lot of advice, but listen and respect the experience of those who have gone before, so it can be applied to your best friend, and depending on your ability it will bring you the following results exactly what your ability to reach.

I myself am still having a hard time being able to distinguish with certainty a project that looks good from a good campaign manager but apparently, the team does not make payments or development.
I used to always follow some good managers for the projects I was following. but I have proven it, not all projects held by the manager that I hope are good will be successful. sometimes someone pays but tokens can't be traded because the team runs away.

I don't know what problem you are having, but I think don't get too greedy with different projects. After many years in this field, I now realize that the market has a lot of tools to test and evaluate a project. And I also don't have too much problem in assessing whether a project is good or not, of course it is a personal assessment.

[CaptainCrapper]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if it's a real 100x token? Any advice?

If you Reed wheat papers and if you see the team are genuine or active on various media platforms then you can expect the project is good.

[barabarian1]

no evidence to proof that coin is real, no scam.
people start invest by selecting from who manager bring it, because, good manager cant accept every ico they have. manager will look, research about that project to proof what they being is real, most importantly is paying participant

[capcaypro]

who determines whether a scam or not is up to you because no one knows about it. especially when the project is new, the risk is certainly very high.
and this is where we have to be really observant in choosing a project, of course there is a risk but it's not wrong when we try but with a note the project must be clear

[isaac_clarke22]

~

Indeed he seems to be. I wouldn't be surprised if he gets banned from spamming too much of those.

Rug pull, eh? Surprised that many bounty hunters complain a lot when the project didn't give their tokens while not having to get a research at first.

[irsykes]

If me, in early investment of my life i will took a coin that already in big market. Maybe there are a lot of coins that maybe promise us good things. But better to be safer than high profit. But that is my personal opinion. Because although a coins really hyped, sometimes their dev can leave us at any moment.

[Meta anggraini]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

The projects look solid and have a registered company in Singapore, but i dont think the potential could be 100x.
Its hard to predict a potential of the token, but if you believe on the value of the project just hold it.

[tabas]

If me, in early investment of my life i will took a coin that already in big market.

This should be the idea and strategy of most newbies must do. From what I see, they're putting their hopes with the newest coins and think that they're going to grow big someday.
But most of them got it wrong and the newest projects are likely to bound from being dumped and that's really the mistake that they should learn. Investing to a coin that has already a huge market.

[Distinctin]

who determines whether a scam or not is up to you because no one knows about it. especially when the project is new, the risk is certainly very high.
and this is where we have to be really observant in choosing a project, of course there is a risk but it's not wrong when we try but with a note the project must be clear

By simply slipping on their reviews, you can find if that project is a scam or legit. Some scammers are very smart and that is why we can hard to know if their project is fake or not until such a time that we lose our money after investing. This thing can't be stopped but as an investor, we also need to be smart and must spend time digging and searching if that project is worthy of an investment or not.

[nomenclatur]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

it's clearly a scam most devs offering 100x profit are just bullshit because at this moment the market has not really recovered a new project that offers 100x profits in the near future it's a 100% scam impossible new project can make investors take that much profit impossible You have to be careful investing in new projects because most scam projects are not worth it, after listing, they will usually experience a decline, most of which are only detrimental.

[yazher]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You can only spot one when you are a veteran on joining bounties where when you look at how they managed their group and Ann thread, you will have an idea of what kind of project they are. However, we have lots of ideas to know them today because some people have already listed what are the possible strategies of those scammers so the only thing you need to look at are those lists and the rest is up to you because there are some scammers who are hidden, you only know that they are scammers when their project is finished, they won't gonna distribute the rewards.

[Farma]

look at the type of project and usually the team has a clear explanation if the project is good, whereas scam projects can use the same team over and over again, the case is like they create a new project and use the same team name in the project.

the best way is still to do in-depth research on the team, and the concepts they work on. sometimes, some scam projects create fake teams, or copy concepts from other projects. Besides, if you don't find any flaws, then it's likely that the project is actually pretty good at executing it. however, there are some projects that are sometimes irresponsible, which become scams after everything has been released.

[justdimin]

The vulnerability of this very scam project is still too high because of the hype of the new project from the bsc network, you must be wise in maintaining assets so that you are careful to invest in new projects or old projects, there are many indications of scam projects that you need to know before investing or even to invest. short term trading.

That's the thing about this topic, what are some of those things? I mean how will we know if it is a scam or not?

I personally look at who is the project founders, because if they are doxxed and they are known that means one step is down, founder being there and showing their face and talking about it on youtube videos etc etc is basically dropping the chance of a scam by half, still not impossible of course, there has been people who scammed even with a professional company information registered in big countries and went to jail for it, but that is a lesser chance then some unknown staff staying anonymous.

Secondly I look at their code, if they stole and copied it from someone else, then why would I trust them to do something that is wonderful? I mean it is obvious that we are not going to see them provide anything new so there is a chance they might be scammers. There are other ways as well that I probably do not know.

[laohe628]

It is hard to tell, some of the scam altcoin you just need one look then you will know, like those meme coin. Some are hard, i think it's a good idea not to invest in currencies you don't understand.
If you have a lot of faith in a coin and are convinced that it's a x100 coin, then hold it.

[jaberwock]

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You're still a newbie, so why not invest in old projects? I will even prefer to invest in Bitcoin than any of these new projects that I am not sure about their future. You run more risk of being scammed when you're investing in a project that has anonymous team. And there are so many of them these days, so it's best to avoid them, because you can wake up any day and they are gone, and there will be nothing that you can do about it. So, it's better to stay clear from them.

Best to go for projects that you the team that are behind it and you're able to verify their social media pages and that they are truly who they claim to be.

[irsykes]

If me, in early investment of my life i will took a coin that already in big market.

This should be the idea and strategy of most newbies must do. From what I see, they're putting their hopes with the newest coins and think that they're going to grow big someday.
But most of them got it wrong and the newest projects are likely to bound from being dumped and that's really the mistake that they should learn. Investing to a coin that has already a huge market.

In other side, they see from other people who really "specialized" into new coins especially when BSC tokens in pancakeswap really  in a trend. From what i see in facebook group that i joined, there are some people who bought first and then they act like "sales" so other people buy tokens that they bought and then they take profit from it.

[tabas]

If me, in early investment of my life i will took a coin that already in big market.

This should be the idea and strategy of most newbies must do. From what I see, they're putting their hopes with the newest coins and think that they're going to grow big someday.
But most of them got it wrong and the newest projects are likely to bound from being dumped and that's really the mistake that they should learn. Investing to a coin that has already a huge market.

In other side, they see from other people who really "specialized" into new coins especially when BSC tokens in pancakeswap really  in a trend. From what i see in facebook group that i joined, there are some people who bought first and then they act like "sales" so other people buy tokens that they bought and then they take profit from it.

Well, that's a strategy for them to bring liquidity to the coin that they're voicing out. It's either they're volunteering just to help out the market of that coin to improve or they're paid to do that.
They know that they can get more people involve to their token sales in different platforms and mostly to the common social media websites where most of the people who wants to earn don't ask too much.

[NicNacCoin]

Hey guys, it's very difficult to identify a project scam but some important sign can you help for identifying scam projects. A scam project which have no definite whitepaper, technical paper, roadmap and team management. They have poor communication community. They try to plagiarism another whitepaper information.

[enawati]

Too many new tokens created by using smart contract platform, and many of them just copy others project. To invest in low cap coin/gems is better doing more research and spend more time to looking for the review from trusted influencer. Use small amount to buy this kind of tokens because too risky and use bigger portfolio to buy medium or high cap coins that already listed on most popular exchanges, like Binance. To gain high profit from crypto, I prefer doing compounding than buy new tokens with small cap.

[_MrTuyul404]

first, you have to Get to Know the Team
second, Pore Over the White Paper
third, Look to the Token Sale
Fourth, Exercise Caution
these four steps are my way to avoid scams

[ansarose1]

I think it is necessary to research about that altcoin and the team staffs involved on the said altcoin project. The project would be scam if the team has no transparency such that, the team is fake and the members are fraudsters that uses plagiarized whitepaper. That is only i think for a concrete scam project. So if the team staffs are fake people and are fraudsters, mark them whenever they build another project its a scam thing again for sure.

[Wong Gendheng]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

I've benefited a lot by always viewing the Scam accusations in sub forum here: https://bitcointalk.org/index.php?board=83.0

A lot of expert advice is there that can make us avoid scam projects, if in doubt about a scam project or not I suggest asking directly there.

[coin-investor]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

When in doubt don't, but if you are asking about what to look for if the project is legit it should be transparency and the developers are capable of bringing to reality what's in their roadmap, it's also important that they are honest and continuously updating their supporters and investors, but I would like to remind you even if all these all elements are here, there's a possibility that the project can become shitcoin.

[sgenuine]

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

[cunguks]

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

[Maslate]

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

It is very simple to choose which one is profitable and sustainable coin the market. They are a lot of them, actually. Only we need to keep them rather than looking for other potential coins which we are not sure about. For we are about surrounded by scams and fake projects, the more careful we are going to choose of what project we invested as this can be final and no way we can get our money back once we fall into scam projects.

[Geeenz]

One thing if the altcoin is a scam. First to check their team if new to crypto or not..  Second , fake website of their project or poor whitepaper, Lastly, is the token sale of the project, then you can say its a scam.

[RokokGudangGaram]

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

It is very simple to choose which one is profitable and sustainable coin the market. They are a lot of them, actually. Only we need to keep them rather than looking for other potential coins which we are not sure about. For we are about surrounded by scams and fake projects, the more careful we are going to choose of what project we invested as this can be final and no way we can get our money back once we fall into scam projects.

It is wiser to stick and choose the sustainable coins that have been in the market for the long time rather than going into the new hyped ones. By doing so, you are choosing those that are with reliable background which can give a stable profit in the right time. Also, following what the majority or even the whale are going after is dangerous because it can be just that they are taking advantage of luring people into a shit coin then leave it after they got what they want.

[Golftech]

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

Always a case of those new hypes projects, they been pumped by whales or pump and dump group

used as tool to attract interest from their prospect victims, if you want to take the risk much better

to focus with invetigating the team first and see if there's real use for the project in the long run.

[magnum cyber]

Sometimes we are interested in the token booster when we want to enter the LP, but if we choose the wrong altcoin, of course all of our assets can be lost without the nominal listed when the LP has been opened, so we better re-examine the token with some tools available on the web as well as some of the websites that have been mentioned in this thread, of course it is very helpful for those of us who are involved in LP farming.

[Woodie]

If you are quite exposed with altcoin projects and have the technical know how, you could go through the white paper proof read it for any plagiarism, if you find it alert everyone to avoid orhwrs from being scammed!

Sometimes a simple Google search on reviews about a project can reveal so much which should help you make the call it its legit or not, just don't fall for the hype people are paid to paint a picture a project is promising.

[adzino]

You will know if its a shit/scam coin if you study about the coin a little. Most of the shit coins are just a clone of another well developed coin with a different name. They even copy the whole whitepaper and just makes some small changes over there. Some of the coins will make no sense at all. You will also notice most of the projects will have fake team members and community. They will keep on trying to shill for the coins. Another way to know that its a shit coin is by looking at the charts. You will see that they usually get pumped and dumped at regular intervals. Stay away from those.

[deathcode]

Don't trust a new project that gives a statement or excessive lure because it's clearly a scam. what we need to know now is how the team and the coin are performing in the market whether it has a good development or is it just hype

especially for ICO projects that offer huge discounts on their initial sales.
I laugh at some of the current new projects that give birth to new tokens and then trade them without any real projects supporting them.
trades are manipulated by those who are part of their own team. then they disseminate information through social media with attractive graphics.

[marissa23]

It can't be fully precised, but you can do research, scam projects also have characteristics, such as no seriousness in project development, teams with no profile picture, minimal information, too closed.

Many indications of scam projects include poor web graphics, not much information about telegrams, bad project whitepapers, and even plagiarism results. The more you know the indications of a scam project, the more than 60% accuracy of the analysis is right for new projects.

[kevindjunaidi]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

if I personally do research first and never invest in a new altcoin, then the research I do to find out if altcoin is a scam or not is,
1. in recent months the project has progress
2. altcoin have quality and useful product for the future
3. the team is always active in providing information about the project
4. project according to roadmap and whitepaper
5. the team always keeps promises

[CaVO32]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

if I personally do research first and never invest in a new altcoin, then the research I do to find out if altcoin is a scam or not is,
1. in recent months the project has progress
2. altcoin have quality and useful product for the future
3. the team is always active in providing information about the project
4. project according to roadmap and whitepaper
5. the team always keeps promises

Also, if you are in doubt, better not to invest funds on them yet. Let them do their part first, like, if they can implement the tasks laid out on their roadmap. Or let them develop first their platform to be up and running. Because most of the time, the team are only good in talks but you can't see them progress in terms of implementation of their roadmap. Even if the team doxxed their ownership, which is the trend these days, that's not an assurance that they will not rug pull. They know their contract or their project itself, and they can easily manipulate what needs to be done if in case they wanted to disappear after getting some money.

[jajorforce]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It is still possible to earn 100 times profit from the trusted old altcoins. I lost some money even after a good exchange listed. We need a little time to know the legit admin, so we should leave some time to build something interesting. Even we shouldn't trust high volume altcoins only after a few months trade exon exchange.

[zachyboy090118]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Review there team, whitepaper and people behind the group if they are all legit. Somr of them is just creating fake and doing scammed to other investor. Review will and be vigilant always before doing and make a move to your investment.

[sherenikaw]

It's hard to say for sure which coin is a scam or a good one. What is certain is that if you want to invest in new coins, you can see from the team that handles them, if the team is really professional and has good judgment then that will be good too. Personally I'm also still learning to avoid scam coins/projects, so I'm more careful now and really choose projects that have a good team. I think it will help and if you are still confused we can try to invest in coins that do have good prospects in the market. There are many coins that have good prospects in the market. Usually the price is more stable too so the possibility of loss will be less. I am also still learning to be able to choose a good coin in the market and I will read this forum more often from experienced people.

[smyslov]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It's already part of your post and that is USE CASE a project cannot keep up without a platform and usage each coin that we have in the top 100 do have their own use case, a project is defined by its use case, without this they are nothing but a pump and dump coin, not only use case but something that can contribute to the advancement of Cryptocurrency.

[mey466]

In my opinion, knowing which altcoin projects are scams and which are not is quite difficult, but usually scam projects always carry out very large discount promotions, and promise multiple returns, this needs to be avoided or further research needs to be done

What do you mean by discounted token prices that are very cheap and promised high prices when listed on the exchange market?  there are many ways to find out if a project is genuine or a scam by doing all of these ways we can judge whether or not a project is feasible or not for us to work on, it's also true don't be tempted by unreasonable offers so that we are interested in joining to make an investment

[CryptoLogo]

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

First of all, you need to find out whether the team is live, whether there are profiles in social networks.
Secondly, it is very important to learn about the past of the team, because often scammers and losers pick one project and launch a new one, essentially the same one under the guise of a new one, and it is important to be able to identify such things.

[bakasabo]

First of all, you need to find out whether the team is live, whether there are profiles in social networks.

How do you imagine checking if the team members are actual persons or just fake accounts just by checking their social network? Usually, team social media accounts share limited info about the person. Often you dont know more than just name, surname and city or country they are from. With that, they try either to stay more anonymous or be a fake person.

Btw, all the IT department at my work dont have social media accounts at all. I'm sure they can code, but despite their CV, you cant get any info about their experience and etc.

Secondly, it is very important to learn about the past of the team, because often scammers and losers pick one project and launch a new one, essentially the same one under the guise of a new one, and it is important to be able to identify such things.

Again, not many team members share info about their experience. It can even be persons own decision not to show past experience, while having dozens of successful projects or experience behind. What conclusion you will do then?

[DonFacundo]

As a beginner of this crypto industry you should not trust the new project to invest because there are many scam coins out there. It's difficult to find a coin that can increase 100x.. It's better to invest in the top coins and hold but don't expect that can go 100x just be satisfy of your earning.

[imstillthebest]

Check their team and previous experience. If they are new or no-names, I would start to be suspicious. How can a developer has nothing do display on public and promise success?

newer projects right now are more anonymous than what we have in the previous times .
 this makes it harder to determine if they are legit or not but there are project that are honest and been running up to this date  .

Check what they offer or are developing? Is this something new? Or another swap/exchange/dog (or other animal) related project? There are thousands of them already. They cant make 100x.
 Remember, there are no easy and quick money in cryptocurrency, at least anymore.

we have meme coins with no real use case and have a repeat function .
 if we got lucky the coin can get shilled by elon musk and it will pump but of course i dont recomend it because the loosing rate for this coins is still high.  

[bamb]

The best way to know if a project is a scam project or not is through your own research before you buy into such project.  It safe to assume that any project will not fully disclose all the information you need to make a right decision.  You must read in between the lines and make a sound judgement about their claims.  Another way to invest is to buy time test altcoin in Cryptocurrency market.

[kak uli]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

[arifteguhr]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

[marissa23]

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

Many scam projects can be listed on coinmarketcap and some listed on coingecko, cannot be used as a conclusive analysis for new projects. The main analysis is the core of the whitepaper including the concept, team, roadmap, periodic information updates on social media.

[Fredomago]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

I think if you doubt the project you are following, try to look back and study the project and try to see the person who manages the project, here safe projects are usually managed by very experienced people, if you want to know the project is a scam or not basically we can't say a scam Without solid evidence, sometimes the problem that develops is not entirely true, try to follow a project managed by an experienced person to minimize the risk.

Sorting out projects is not easy as it is, you can say that by following those experienced developers might lessen chances of getting scam, which probably a good suggestion, but along the way, there's  still a chance there that even well-known teams breaks up and runaway with investors money.

Going deeper  following the team and the progress of the project, even it's slow as long as they are meeting their targets and the eam are not stopping to continue the development, if there's real usages then the project will soon received adoptions and acceptance placing the value to grow and give decent benefits to all those investor who believes and keep their trust with the team.

[bryant.coleman]

LOL.. rather than finding out whether a project is scam or not, it is easier to find whether it is genuine. Because more than 95% of the new projects look like outright scams or cheap copycats. So in case a project stands out from the rest, with aspects such as unique idea, continued development, quick response to bugs.etc, the you can shortlist it. To invest or not will depend on other factors as well, because a good idea alone can't guarantee success in the cryptocurrency market. There needs to be good marketing, and availability of enough funds with the developers.

[deathcode]

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

Many scam projects can be listed on coinmarketcap and some listed on coingecko, cannot be used as a conclusive analysis for new projects. The main analysis is the core of the whitepaper including the concept, team, roadmap, periodic information updates on social media.

for new projects maybe we can see more easily than projects that have been traded.
Usually, some documents are duplicated from other projects. Teams and platforms may be just what they planned.
but those who have already created the platform are the dangerous ones. they open investment and trade and it is very possible that they quickly take profit from us.

[wiss19]

In my opinion, knowing which altcoin projects are scams and which are not is quite difficult, but usually scam projects always carry out very large discount promotions, and promise multiple returns, this needs to be avoided or further research needs to be done

That's correct. A project where the talk is always about the price rather than the product is one to avoid at any costs. So far, almost all the projects who work on the product and neglect all the price talks are the ones that do well. I joined the shiba Inu token group and everyone was shouting, to the moon and profit,etc while no one was actually discussing what it provides as a product. Anyone asking such questions was being removed from the group silently.

There might be many warnings but I can roughly list out 3 warnings of a scam project.

1- Talk about the price too much instead of the product.
2- Hidden team or just no mention about the team
3- ICOs aiming a high hard cap

[BayAngelo]

do not invest in any token you saw pumping in the market without any background. it is surely a pump and dump campaign targeting newbies like you. Also it is not guaranteed when the project owners are known, smart contract is audited and partnership created. the project can still be a scam. i suggest you stick the top tokens in the coinmarket no matter how much your money reach.

[no-ice-please]

LOL.. rather than finding out whether a project is scam or not, it is easier to find whether it is genuine. Because more than 95% of the new projects look like outright scams or cheap copycats. So in case a project stands out from the rest, with aspects such as unique idea, continued development, quick response to bugs.etc, the you can shortlist it. To invest or not will depend on other factors as well, because a good idea alone can't guarantee success in the cryptocurrency market. There needs to be good marketing, and availability of enough funds with the developers.

If you are looking for a real moonshot you often do have to take some more risk and accept the existing information asymmetry. If you wait until it is obviously not a scam and a good one instead, it will most likely have pumped by then. I know it is a bit tricky, but I always take some of my money and try to be earlier than the rest of the market. The cost that comes with that strategy is to fall for a scam indeed.

[flagpara]

As OP, newbies are always coming during the bullrun season then want to grab new altcoins. Why? Newbies don't see coinmarketcap listed coins or they are here to give money to scammers. Those newbies will make rumors about cryptocurrency in the future. Almost 50-70 percent of newbies will lose money for participating in the new ICO.

[zhelis74]

As OP, newbies are always coming during the bullrun season then want to grab new altcoins. Why? Newbies don't see coinmarketcap listed coins or they are here to give money to scammers. Those newbies will make rumors about cryptocurrency in the future. Almost 50-70 percent of newbies will lose money for participating in the new ICO.

There are factors i considered to see if altcoins is a scam or not, first i'll always look for the team composition and search it on the web for their reputation. Second is if it is listed on the exchange its movement is seems movable but trading volume is unidentified, that is the thing to be considered prior investing new altcoins.

[Rigon]

if you want to know if the coin is a scam or not, it will usually be seen from the response given in the telegram group which usually doesn't give a good response to other members, but with this thread they scammers can read this and maybe will improve their way of doing it. scam.

Yes sir you are absolutely right because a scam project handling their telegram community with poor skilled team management and they don't answer community members questions and avoid valuable information. They don't have definite whitepaper and roadmap, fake teams .

[DPrillio]

if you want to know if the coin is a scam or not, it will usually be seen from the response given in the telegram group which usually doesn't give a good response to other members, but with this thread they scammers can read this and maybe will improve their way of doing it. scam.

Yes, i agree with that since its already my experience and if you see their website there is no proper support and clear view on their roadmap until such time that we can no longer access the website and telegram support will gone.

[NathanielParker]

Sometimes I watch some new projects at ANN, read their white papers, or fund allocations, and go to social media to find out. However, some of them have specialized packaging companies that will package this project perfectly, and sometimes it makes me unable to distinguish.

[kidbounty]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

ask about the development funds they get, where they are kept, and what they will do next. don't forget to check the background of each development team. do not easily believe the words they say, and always pay attention to every thing. because scam projects usually look promising at first.

[EvieLannister]

You can join their community to see what they are discussing, look at their project team, basic technology and white papers, don't be fooled by the huge profits the project team said, stay calm. If the project just relies on hype, don't invest in this project.

[irsada]

For people who are just starting to invest in crypto, don't jump into projects that are just starting out with IDOs, ICOs, and the like because investing in these has a big risk, even people who have been crypto for a long time can get scammers. it's better if you want to start just investing in large altcoins such as bnb or ETH rather than expecting short profits to be multiplied but in reality not as expected.

[Xinarae*]

You can join their community to see what they are discussing, look at their project team, basic technology and white papers, don't be fooled by the huge profits the project team said, stay calm. If the project just relies on hype, don't invest in this project.

In addition to these you must always be active in the market analyzing the market will make it easier to know the information about each team and when a currency is going up and down it is also better to stay away from new currencies.

[BOAEDAN]

to find out which platforms are scams developed or not is very difficult because usually they will look good in front and will scam at a time when no one knows, all platforms in cryptocurrency can potentially be scams, it's just that we all have to be vigilant because the risk is always there is.

[sammy21]

There are several ways you can do that, namely by joining a community you can trust, via telegram or other social media, there will be a discussion of a project that you might be interested in taking, and you also have to learn the ins and outs of the project.

[xSkylarx]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Check their whitepaper and roadmap so many scam projects are guilty of plagiarism because they really don't have usage and platform to speak of and they are just copying other people's project, go check the scam section and you will see that those guilty of plagiarism turns out to be scam projects, many of these scam projects developers are fake profile, they extract them online photoshopped these people and upload them in their website.

Agree to this and join those, as well as try to do your own research so that you will know. But the basic one is to read their whitepaper to see if it is worth it or not. Most of the time, the scam coin is their whitepaper is written so poorly that you can tell something is wrong with it. Well, we should be aware nowadays because there are a lot of new tokens coming out every day, whereas previously here in the forum, there were only a few and those few were all successful coins.

[bakasabo]

What about dex and swap platforms? They barely have a whitepaper, and even if there is one available, it gives very overall information about cryptocurrency and trading, and just few words about the platform. In fact, there is nothing much to be written about dex and swap platforms, as most of them are alike. The team is also something on one hand pay a lot of attention, and on the other hidden team is not necessary a flag of a scam. For example does anyone knows the full team of Binance, OKEx, Coinbase? There is even no info about them, yet they are not scam.

[sergiorus]

many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase

[Investo20]

Can't say anything about 100x that's all a matter of experience and understanding project's potential and use case in future.
But yes there is many ways by which you can know if the project is scam on not ( I doesn't claim 100% accuracy but in most of the cases it works)
1. Read the Whitepaper of the project then the roadmap and relate them. See if the promises is possible in the claimed time or not (Requires experience and knowledge)
2. Research for the team members. Go to every team members social profile and research if the account is genuine and everything match with the project or not.
3. See for good partnerships like with established crypto projects or established companies related to the project concept. And verify the partnership or investment from both end.
4. Make sure you contact with the admins and try to understand their intentions about the project by questioning them in different means. How confident they are. How long they want to go. Their mindset.
5. Always research on the tokenomics of the project. If it is well planned then only enter into the project.

[carlisle1]

You can join their community to see what they are discussing, look at their project team, basic technology and white papers, don't be fooled by the huge profits the project team said, stay calm. If the project just relies on hype, don't invest in this project.

In addition to these you must always be active in the market analyzing the market will make it easier to know the information about each team and when a currency is going up and down it is also better to stay away from new currencies.

Being active with the team social media channel will allow you to learn more deeper about the project.
To the extend that you'll see what are the development if there are things that being worked out around the community.

If there's none and everything are just talking about hypes and being added to large exchange and the price will grow with
unexpected value without any

concrete back up in terms of development, then it safe to say to avoid such project, as promises are just to allure investors
and will possibly runaway with your money.

[Golftech]

many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase

Yeah, it's too risky. I prefer to choose coins that have promising prospects in the future. however, when the coin becomes a scam, it is very difficult to track it down until we know that it is a scam. because when the swindlers really intend, then almost anything made is good enough. however, doing research is the right thing to know if it could be a scam or not.

Swindlers desing things for their profits, we can't easily track their intentions until they do it and runaway with the money,

more and more projects are design to invite investors and let them see what are the project for, but behind that there's

secret intentions, they'll do their best to make it more real and wait for the right time to escape and collect huge amount of

money from the pocket of those who trusted them.

[sergiorus]

many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase

Yeah, it's too risky. I prefer to choose coins that have promising prospects in the future. however, when the coin becomes a scam, it is very difficult to track it down until we know that it is a scam. because when the swindlers really intend, then almost anything made is good enough. however, doing research is the right thing to know if it could be a scam or not.

scam just happens overnight, either a rugpull or ''hack'' or whatever. you can't know because even anonymous teams sometimes deliver good projects.
you have to accept that you either gamble on possible scams or you invest in projects that are already backed by big investors that would never invest in scams

[horrifiedx1]

many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase

Yeah, it's too risky. I prefer to choose coins that have promising prospects in the future. however, when the coin becomes a scam, it is very difficult to track it down until we know that it is a scam. because when the swindlers really intend, then almost anything made is good enough. however, doing research is the right thing to know if it could be a scam or not.

it is difficult to identify a coin will be a scam or not. sometimes the project seems to be convinced that it will be good in the future, but all of that was planned by the dev and eventually ran away with investors' money. indeed, if we don't want to be like that, it's better to invest in coins with large caps, because all of that is a risk

[Karartma1]

A very common practice in scam coins is that of Premining. That is, the practice of privately mining a new coin before the public sale and/or release. In the most blatant example, a coin developer sets an extremely low mining difficulty level, mines a certain amount of the coin, and, after a certain amount of time, publicly announces the release. There are less obvious methods of achieving a prominent effect, such as a last-minute announcement of the launch through an obscure publication.
With the dawn of tokens anyone without programming skills has been able to issue scam tokens.
There are far too many scam tokens around to talk about them, always DYOR but, if I was to advise you, only trust bitcoin!

[Republikcoin.com]

Right now I think it's very difficult to detect that this altcoin is a scam or not because a lot of people are talking about it in this thread and I'm sure many scammers have read it, making it difficult for them to scam again.

Usually scammers offer large ROI for investors, so new investors feel they have to invest at a moment's notice.  When investors use emotions to carry out investment activities, they will be easily deceived.

other than that, knowing facts about the team and developer is a must.  You have to be a skeptic in order not to be easily influenced by scams.

[Bravehash]

Few altcoins are well planned and you will never suspect that they are planning to scam their investors, the best advice I can give you is invest only what you can afford to lose and don't depend on any crypto project

[arifteguhr]

Few altcoins are well planned and you will never suspect that they are planning to scam their investors, the best advice I can give you is invest only what you can afford to lose and don't depend on any crypto project

If that is indeed too hectic to run or too confusing to work on, then it is better not to invest in every new project and only choose coins that have proven potential in the crypto space, as simple as that.

[junmisakiro]

it's a very extraordinary question, the right answer from forum friends can help us in solving the scamer problem that always haunts us, and of course we will all go to the right path, by eliminating the fraudsters together!

I think you should be able to determine for yourself so that it will not depend on your friends, because actually when you are trading then you should be able to research the coins you buy must have the potential so that it will not make you lose because there are scams that often occur lately.

[Gayong88]

There are many things we should look at before making an investment decision. we must really collect all the data and coordinate with the owner in detail. then we start, this concerns the funds that we have spent so as not to be in vain. and waiting is the most boring thing where the certainty we always seek.

[roosbit]

These guys that create fake crypto projects are actually very creative, and it takes an experienced eye to pick out these flaws.
Some of the obvious things you can look out for are :

• Whitepaper has to be original,  not copied from another project.
• Team members have to be real people, some regular video footage is a must as scammers link real profiles to these projects to look genuine
• when it comes to new projects these need to have a clear road map of how they will grow their project, which exchanges they plan to list their coins etc
• huge premined coins are a red flag

[no-ice-please]

A very common practice in scam coins is that of Premining. That is, the practice of privately mining a new coin before the public sale and/or release. In the most blatant example, a coin developer sets an extremely low mining difficulty level, mines a certain amount of the coin, and, after a certain amount of time, publicly announces the release. There are less obvious methods of achieving a prominent effect, such as a last-minute announcement of the launch through an obscure publication.
With the dawn of tokens anyone without programming skills has been able to issue scam tokens.
There are far too many scam tokens around to talk about them, always DYOR but, if I was to advise you, only trust bitcoin!

The premine scam was a common fashion in the early years, but for now at least as far as I can see it, it doesn't exist anymore as PoW is also quite out of fashion. One of the biggest yet successful premined coins was DASH, former Darkcoin. The developer mined a ton of coins for himself before getting others involved seriously in the process. If you recall how DASH exploded later on, the guy made tons of money.

But there are enough other ways to scam, actually endless ways you could say.

[RealMalatesta]

The best way to know if a project is a scam project or not is through your own research before you buy into such project.  It safe to assume that any project will not fully disclose all the information you need to make a right decision.  You must read in between the lines and make a sound judgement about their claims.  Another way to invest is to buy time test altcoin in Cryptocurrency market.

In simple words, a fundamental analysis from scratch is what you need when you are investing in a relatively unknown and new coin. If you are trading or investing in a coin that has a substantial market cap, you may skip the fundamental and proceed to carry a minor technical analysis.

As a beginner of this crypto industry you should not trust the new project to invest because there are many scam coins out there. It's difficult to find a coin that can increase 100x.. It's better to invest in the top coins and hold but don't expect that can go 100x just be satisfy of your earning.

Strange why people actually expect a 100x growth. I understand the crypto market is volatile and has huge potential but 100x is just too much to expect from a coin. Have we ever seen a stock in the share market go as high as 100x? Apart from a few exceptions, I don't think there are any of them. Then why we cannot keep a realistic and honest approach when trading cryptos.

[sulendra12]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

You shouldn't have an expectation like that. 100x token is too good to be true and even those things would exist then people in here would have been rich for a long time ago.

Other than that, if you want to know how to determine which projects are scam or not. You should take a look at these:

• Make sure to read the whitepaper first. Most of the scam projects have plagiarized wallpaper from the famous project one and they will trying to make sure that they disguised the whitepaper to be exactly look like a legit one. You can find the example on Scam Accusations, you can find how the thing works there.
• Check the website! If they are using free web domain or the design is really bad and doesn't contain any good information at all, then it is higher chance it's a scam project.
• Look at the developer team: If the team has weird name and if the people known as the scammer from various projects then it's most likely going to be a scam project. You can check it through simple quick google search and linkedln search.

[lenovop-70]

Put investment on brand new project is very dangerous action, and i am not gonna take that risk, It is like you put money on strangers that wanna pick your wallet you actually.
For me, the coins that are appropriate for me to enter are at least a year it launched and evolved, listed on coinmarketcap, and the team I have know him on reddit or linkedin and other media. Or I used to check the coin in https://scam-alert.io/
Understand the risk before put your investment, IMHO.

[daporivera]

First off, if a project doesn't sit right with you. Do not invest your money in to it. Some deep background about the team could expose any hidden skeleton. It hurts really bad when you loss your hard earned money to scammers. Check social presence and make sure it's not mere hype.

[Slow death]

I want to add a few things:

at times the project may have real team members, have a real whitepaper and have a roadmap that suggests it can be achieve easily, and even then the project is a scam, people should be very careful and observe the behavior of the team members, if the team members are people who do not dialogue with the investors and the community then you need to be careful with this type of project because when the team members have a lot of money they will no longer be active in the development of the project.

[TastyChillySauce00]

there are usually some characteristics to it, such as obscure teams, having very large discounts (usually above 50%) only promote sales without any developments in the project. this is a common feature that I often encounter, if you want to help you in researching altcoins that are not scams, going to some review channels there usually has good reviews for the future.

I see most obvious sign is when the team is very active in sale time where they gonna try to get money from people and then becomes rather inactive shortly after the sale ended. That doesnt feel right and their effort to develop the project seem has decreased significantly now that they got the money from people who believed in their project. A good project should always stay responsive to their clients anytime because they created public offering of their token.

[JillianTaft]

Some altcoins are characterized by modifying or directly applying Bitcoin's source code. Because the Bitcoin program is open source, renaming this altcoin does not follow the idea of the blockchain at all, so most of it is a scam.

[Nora Olin]

Currently, cryptocurrency uses blockchain for speculation, and the bubble is serious. Some altcoins and air coins use the blockchain to deceive speculators, so if you are a confused novice, I hope everyone is cautious and can choose a stable mainstream currency instead of blindly choosing a small currency. It is very dangerous to be fooled.

[Tina H]

Some novices entering the currency circle have a mentality of getting rich, so they choose to play short-term altcoins. Although the volatility is high, the risk is also high. There are also some scams. If you choose some mainstream coins, you may not lose all your principal. Altcoins are where people grow the fastest, and they are also where you lose more.

[campusnet]

Currently, cryptocurrency uses blockchain for speculation, and the bubble is serious. Some altcoins and air coins use the blockchain to deceive speculators, so if you are a confused novice, I hope everyone is cautious and can choose a stable mainstream currency instead of blindly choosing a small currency. It is very dangerous to be fooled.

stable in the crypto market only stable coins. while investing in some other crypto assets will definitely remain risky with the fast-moving market.
it may be better to choose assets in the top market with high trades. I'm sure it's safer than playing for new coins which can lead to a scam.
Currently, there are more and more scammers, if we don't upgrade our ability to analyze, it will end badly for the investments we make.
In this forum, a lot of information has been shared that will help our ability to analyze projects. we just need to read and understand it.

[HaleyOccam]

This question is already an old question. You can search for related topics in the forum. You will find the answer slowly. If you are a novice, you may pay a certain amount of tuition for your youth.

My experience tells me not to believe that pie is falling from the sky, but also to think about whether there are the following characteristics:

• Any pyramid model involving "pull heads" must be a Ponzi scheme.This is the most common and notorious. The essence is the emperor's new clothes, illusory.
• The project party copied the code without any innovation, copied it naked, and only changed a name. Some altcoins will also madly build momentum, with the help of various celebrities, and shamelessly gain popularity.
• Anything that involves shameless talk such as "guaranteed income" and "inevitably surpasses Bitcoin" must be rubbish coins. Rubbish coins often use pyramid schemes for new promotion, and the project party will eventually circulate money and run away or the capital chain is difficult to maintain and collapse.
• The project code is not public, and there is no audit report before the project is listed, because their purpose is to have low-cost investment to defraud high returns.
• Project tokens will be listed on some unknown small exchanges. Such exchanges are often characterized by small trading volume, slow operation, frequent downtime, and difficulty withdrawing coins.
• The team information is opaque, the team is overwrapped, and the team is advertised as foreign senior programmers.

In fact, sometimes it is ridiculous to think about it. In their eyes, they seem to think that there are too many smart people and not enough fools.

[RussianEnglishTranslation]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

If you invest in mineable tokens without a dev wallet you can't get scammed. That's why I invested in 0xMR and Raven. It's impossible for them to rug-pull or exit scam.

[nhaila]

It's not very easy to identify a scam project because scammers always very smart and tricky. But some sign May make projects scams .... Fake whitepaper, fake Team management, poor community, no definite roadmap and exchanges arrangements.

[bakasabo]

I would say, if a scammer really wants to scam people - only after being scammed they would understand where was the trap. While participating in bounties, I've seen multiple projects that had perfectly written whitepaper, logical roadmap in which milestones were fulfilled, transparent team, listings, altcoins were traded for a long period. And in the end altcoin holders turned into valueless altcoin holders.

There are also projects that continue running, they did not disappear, they will exist in future. But they stop to develop, they stop doing anything. They just "go with the flow". And this projects altcoins slowly began to loose their value.

In general, I would say that it nearly impossible to tell if altcoin is a scam or not.

[aylabadia05]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

My advice, if you have any doubts on one of the tokens that you think is genuine or not, you should not trade or buy.
In this sophisticated era, there are many conveniences that can be used to find out whether the token is genuine or not. One way you can check on Google. Now, the Bitcointalk forum has also informed participants about the scam project.

[kak uli]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

true as what you said, but we can also find out on coinmarketcap whether it is listed there or not. I don't believe in a big campaign being carried out by a bounty project team if the token they are developing is not listed there on coinmarketcap.

[Darktongue]

If I predict so many people won't agree with me, but I know here we have over 200 profitable altcoins. This is the reason we should stay active in every cryptocurrency situation. You don't need to get information from others. I think I know 200x coins even though I won't advise you to invest in one altcoins. Cryptocurrency is always a very risky investment.

[no-ice-please]

This question is already an old question. You can search for related topics in the forum. You will find the answer slowly. If you are a novice, you may pay a certain amount of tuition for your youth.

My experience tells me not to believe that pie is falling from the sky, but also to think about whether there are the following characteristics:

• Any pyramid model involving "pull heads" must be a Ponzi scheme.This is the most common and notorious. The essence is the emperor's new clothes, illusory.
• The project party copied the code without any innovation, copied it naked, and only changed a name. Some altcoins will also madly build momentum, with the help of various celebrities, and shamelessly gain popularity.
• Anything that involves shameless talk such as "guaranteed income" and "inevitably surpasses Bitcoin" must be rubbish coins. Rubbish coins often use pyramid schemes for new promotion, and the project party will eventually circulate money and run away or the capital chain is difficult to maintain and collapse.
• The project code is not public, and there is no audit report before the project is listed, because their purpose is to have low-cost investment to defraud high returns.
• Project tokens will be listed on some unknown small exchanges. Such exchanges are often characterized by small trading volume, slow operation, frequent downtime, and difficulty withdrawing coins.
• The team information is opaque, the team is overwrapped, and the team is advertised as foreign senior programmers.

In fact, sometimes it is ridiculous to think about it. In their eyes, they seem to think that there are too many smart people and not enough fools.

Thanks for writing this up. Actually, the list could probably go on and on, but you pointed out the aspects that are usually so blatantly obvious, yet we see people falling for it. Also when the Telegram channel is full of bots, you just need to search certain phrases and they pop up a hundred times in the search bar because they deploy bots. Mostly, those teams are the ones to also tell you the exact market cap of the coin in two months from now. The team information is opaque - that is almost euphemism. In most cases they are just anonymous or use fake profiles. You can find their fotos with a google search...

[Xampeuu]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

true as what you said, but we can also find out on coinmarketcap whether it is listed there or not. I don't believe in a big campaign being carried out by a bounty project team if the token they are developing is not listed there on coinmarketcap.

right, sometimes even registered tokens suddenly disappear from the coinmarketcap list, and when that's the case we can predict that the price has turned to ash, and the capitalization is certainly low. but there are also incidents after being lost for a while and then reappearing on coinmarketcap, and we must be careful to deal with situations like that

[no-ice-please]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

true as what you said, but we can also find out on coinmarketcap whether it is listed there or not. I don't believe in a big campaign being carried out by a bounty project team if the token they are developing is not listed there on coinmarketcap.

right, sometimes even registered tokens suddenly disappear from the coinmarketcap list, and when that's the case we can predict that the price has turned to ash, and the capitalization is certainly low. but there are also incidents after being lost for a while and then reappearing on coinmarketcap, and we must be careful to deal with situations like that

Coinmarketcap usually delists or deactivates data for coins that simply don't produce any trading data anymore, aka they are essentially dead or delisted from any exchange that Coinmarketcap pulls data from. Bottom line is if there is no data for a coin on that website, consider it dead. 

[Renampun]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

new defi offering high APR is an invisible scammer...

defi who has good quality will definitely not offer very high APR/APY and has a professional team and is mentioned by a trusted BSC twitter account. Don't just put your money on a defi platform if it's only based on a high APR/APY.

[vabchgent]

I think To know that it is an Altcoin scammer is the first to not have a strong team, and not to have great investors. then the next step To find out that it is a scam altcoin not listed in Coinmarketcap. I think like that

Not being listed in coinmarketcap is the last point for new projects, because the main thing that the project developer must prepare is a completely transparent team structure and a roadmap that really makes sense, so that with that they can also publish their cooperation partners so that investors can come by themselves.

true as what you said, but we can also find out on coinmarketcap whether it is listed there or not. I don't believe in a big campaign being carried out by a bounty project team if the token they are developing is not listed there on coinmarketcap.

right, sometimes even registered tokens suddenly disappear from the coinmarketcap list, and when that's the case we can predict that the price has turned to ash, and the capitalization is certainly low. but there are also incidents after being lost for a while and then reappearing on coinmarketcap, and we must be careful to deal with situations like that

Yes, and that's why it's very important to work with your knowledge, there are project that seems being legit but suddenly things
went wrong and the project died eventually.

you need to add more time and patiently work with each coins that you are targetting the participate.

Listed coin might give you some breathing just continue to follow and monitor the project.

But in those cases you are often left with no options. If a project seems legit and even the developers show their faces publicly, there isn't much you can do if out of a sudden they turn into a scam project. You could sue them but as we have seen in the past the chances for success in such a situation are often very minimal because you can't prove their malicious intentions to scam all the investors in the first place.

[iTradeChips]

It's not very easy to identify a scam project because scammers always very smart and tricky. But some sign May make projects scams .... Fake whitepaper, fake Team management, poor community, no definite roadmap and exchanges arrangements.

The level of complexity these scammers can achieve these days are surprising and also I think can be called impressive if you are going to consider the ways that they were able to execute it. The newbie investor should be wary and be always aware of the ways they try to attract people in joining their fake projects. Also if you happen to hear testimonials from other people that gives negative information about the project then we should consider checking further and making sure that we can somehow be able to prevent the newbies from investing to such projects.

[Vaculin]

There are plenty of red flags indicators that you can look at every time you are looking and wanting to invest in an unfamiliar altcoin. One of my indicators is whitepaper if the information about the project is not clear and doesn't have any use-case then its for me a very doubtful altcoin. Another is their roadmap if its not clear as well then its a red flag for me.

If they have an ANN thread here, you will know if they are not potential because they will not gain posters and the thread will not be popular, sometimes they hire shill to bump the ANN thread with a nonsense posts, but we have a lot of legit who care for the investors, so we will know about their reputation if we follow the thread.

[distr@yopmail.com]

There are plenty of red flags indicators that you can look at every time you are looking and wanting to invest in an unfamiliar altcoin. One of my indicators is whitepaper if the information about the project is not clear and doesn't have any use-case then its for me a very doubtful altcoin. Another is their roadmap if its not clear as well then its a red flag for me.

If they have an ANN thread here, you will know if they are not potential because they will not gain posters and the thread will not be popular, sometimes they hire shill to bump the ANN thread with a nonsense posts, but we have a lot of legit who care for the investors, so we will know about their reputation if we follow the thread.

this forum really helps investors to be more careful in choosing projects. there are still many members who care about all this. Many scam projects have been reviewed and have been proven to be scams.
sometimes we won't know a scam altcoin before they are listed on the exchange. if they are not on the exchange just as a display in your wallet, then you have been deceived by the scam project that you are participating in.

[Wildwest]

If we still have doubts about a project let alone pre-sale is still locked then do not invest in the coin because it could be a scam, and it would be nice to choose a potential coin because the coin is already guaranteed far from scamer, scam a coin is sometimes very difficult for us to detect so many who take a toll, therefore we must be careful in making decisions in investing from a coin.

[survivor672]

It is very hard to identify legit project these days. There are lots of scam project in cryptocurrency market nowadays. As for me , i rather stick to old project from number 1-40 in  coinmarketcap. In most cases, some of the project that has no team are fake while  some who claimed to have team whose  Linkedin profile are a month or 2 months old are fake.

[barabeku]

There are plenty of red flags indicators that you can look at every time you are looking and wanting to invest in an unfamiliar altcoin. One of my indicators is whitepaper if the information about the project is not clear and doesn't have any use-case then its for me a very doubtful altcoin. Another is their roadmap if its not clear as well then its a red flag for me.

Ideal is when you know coding at least a little, so as to look through the smart-contract that is said to be the only source of truth. Personally I check different functions like mint, transfer, setmigrator to find out how this smart-contact works. If you can't understand anything in their code, it will be a good thing to read the response of auditors if they were audited, which is also an indicator of reliability and security.

[DOH!]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

First, my approach is to go to the telegram group and try to do some tests there, regularly checking how the group is performing, its seriousness, commitment, and communications.  Are they professional or not?  I think this exchange will define the project, and also be the most effective way for me to invest.  My suggestion is don't believe their 100x, 50x promises.  Lol, the value of the project is long-term sustainability, no one knows even dev team

[bitcon]

There are plenty of red flags indicators that you can look at every time you are looking and wanting to invest in an unfamiliar altcoin. One of my indicators is whitepaper if the information about the project is not clear and doesn't have any use-case then its for me a very doubtful altcoin. Another is their roadmap if its not clear as well then its a red flag for me.

You are right that we should check whitepapers and roadmaps to find out how this project is going to develop, how it works. But it is not very easy to find tricks on their documents, especially for newbies who haven't seen many other examples before.

So one more very important indicator is community and social media. You can judge from the number of people in the community, if devs answer the questions on social media and if they show all their work.

[cheezcarls]

I would not easily believe those projects (especially shitcoins) who claimed that this will be the next 100x, 500x, 1,000x coin or something like that. It's a red flag to be honest and very risky as well. If that altcoin doesn't have an impressive real use case and ended up almost copying other's concepts without uniqueness, then I would doubt that it will grow. If their liquidity is not locked and no renouncement at all, I would doubt that project would operate in the long run.

It doesn't matter if the team is doxxed, because all of these altcoins are subject to price volatility and was played by the buyers and sellers.

[fortune1002]

Don't believe until you have a suspicious feeling. If they have uploaded their project information then you can check their project goals, aims, team experience, and tokenomics. I hope then you will find what question you should ask or may you will get the truth of their project.

[Qikiye]

Don't believe until you have a suspicious feeling. If they have uploaded their project information then you can check their project goals, aims, team experience, and tokenomics. I hope then you will find what question you should ask or may you will get the truth of their project.

scams projects have all features ok but scams projects have poor communication and experience. They don't control over communication and sometimes they inactive in social media. They arrange fake team and whitepaper and roadmap.

[no-ice-please]

There are plenty of red flags indicators that you can look at every time you are looking and wanting to invest in an unfamiliar altcoin. One of my indicators is whitepaper if the information about the project is not clear and doesn't have any use-case then its for me a very doubtful altcoin. Another is their roadmap if its not clear as well then its a red flag for me.

You are right that we should check whitepapers and roadmaps to find out how this project is going to develop, how it works. But it is not very easy to find tricks on their documents, especially for newbies who haven't seen many other examples before.

So one more very important indicator is community and social media. You can judge from the number of people in the community, if devs answer the questions on social media and if they show all their work.

The first thing you should check when you look at the white papers and the roadmaps is whether or not those things are plagiarized. WE have had many cases in the last couple of years where anonymous teams just stole white papers and roadmaps, rephrased it here and there a little bit (and sometimes not even that...) and put it up on a well looking website, claiming that it is their project and they are super ambitious but can't dodge themselves because their government is against crypto... Same story all the time and I would only very rarely touch a coin where the team is 100% anonymous. It is just too risky.

[m.rifki]

It's hard to know a project will be a scam or not, especially for beginners, because sometimes the project looks very convincing but in the end the developers run away or the project is suddenly terminated, maybe we can only anticipate it by doing careful research on the project, by understanding the whitepaper, researching the track records of the development members, and looking at the schematic of the roadmap created for the project.

[Saisher]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

These farming sites have time-locked features check if their time locked is enough for investors to check if they implementing a new code, check Rugdoc if they are being monitored I don't invest in projects that are not monitored by RugDoc when investing in farming sites, there are so many risks involved in new farming sites I recommend investing in established farming sites like Uniswap.

[wajik-tempe]

It is very difficult to detect which is a real coin or a scam coin. I think one of the ways to find out a real coin or a scam coin is information about the founder or the team. There are also several ways for ICOs or coins to deceive investors, these coins use fake teams. Therefore you have to check each team member, you have to do deeper research on certain people whether there is a possibility that the identity of the team really exists and does not just appear for ICOs or seeking funds.

Many projects team are using fake identity, sometimes they are just using random google avatar and random name and then created a linked in account with ton of great experiences at work. So i think the best way to detect scam is joining their group, telegram group or any social media and look how they answer the question by the people, or ask questions to them and look how they answer and ask for evidence of their project running well.

[goinmerry]

There are obvious scams and good scam attempts.

On obvious scam, no need for further research as you just need to use your brain. Examples are, you need to buy a coin then some too good be true rebate will be given. Another one, high yield promises once you become an investor and so on.

On good scam attempts, you will never know until you found a hole. Or if too late to recognize, you are doomed.

The best thing to learn is how to find good altcoins rather than how to find if an altcoin is a scam. Don't risk on new coins if you don't know how to.

[lizarder]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

There are several things you should know before asking a question to the coin owner, it could be that your question is misinterpreted, so you will be the one to blame in this case.

Check the coinmarketcap site whether it's registered, make sure the coin is registered and can be traded on the exchange, if after checking it's there maybe you can just ask, but to ask them first you have to praise, without being considered excessive.

I think people/owners of Crypto coins really appreciate everyone's questions, they will still respond well to all complaints, if we ask nicely, people will answer well too. Appreciating people is actually easier for us to get information.

[MarjorieZimmermanGinger]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

I've also experienced the same thing as you, after looking for as much information as possible, I finally tried to contact the owner on telegram and email, they also said the pre-sale was locked.

They directed me to be patient, because the coin will be opened next month, it is impossible for the coin to be fake if it has been registered on the coinmarket and Excange, there is a high possibility that they are playing the market, to find the best value for the coin.

Try to be patient in the next few months, maybe a pre-sale will be opened at the right time, if it doesn't go up the price will go down, there are only two possibilities that will happen.

[no-ice-please]

It is very difficult to detect which is a real coin or a scam coin. I think one of the ways to find out a real coin or a scam coin is information about the founder or the team. There are also several ways for ICOs or coins to deceive investors, these coins use fake teams. Therefore you have to check each team member, you have to do deeper research on certain people whether there is a possibility that the identity of the team really exists and does not just appear for ICOs or seeking funds.

Many projects team are using fake identity, sometimes they are just using random google avatar and random name and then created a linked in account with ton of great experiences at work. So i think the best way to detect scam is joining their group, telegram group or any social media and look how they answer the question by the people, or ask questions to them and look how they answer and ask for evidence of their project running well.

What I would suggest is ask for a live AMA via Youtube or anything like that. If they deny and tell you some adventurous story why they need to stay anonymous, just stay away from the project. These days there is no need to hide from the public if you launch a great blockchain project. There is a very small number of countries cracking down on it so if you have a great idea and want to pitch it to the public, why would you want to hide?

[Traderbtcc]

Is one month considered a "new project"? These guys seem legit man and I've put in quite abit to pull out now.

One month? I still consider such project as a new project in the crypto space, I have seen a project stand for over 4months+ only for the CEO to rug pull and run away with the whole liquidity money, you need to be really careful when investing in new projects most of them are likely to be scam or maybe they can't survive the market pressure, instead of taking this risk its best you invest in reputable projects like Near, bitcoin, Ethereum, bnb etc, they are much safer investments than this new coins around.

[Hannahanto]

Sometimes it's really herd to tell when a project is a scam cause they go all the way in doing ALmost every thing right. Have a lot f followers,post looks legit,makes giveaway and so many of the newbies loves giveaway to the point they'll just make a pre-sale and give out coins at cheap rate we buy and they later fun with everything.
Before you invest in any altcoin you need to DYOR and get some positive feedback to yourself else you might fall in to something bad.

[dataispower]

The obvious heavily plagiarized White paper/roadmaps, inability to perform a crucial promotion to carry out the project to the mainstream and even the obvious copy cat of pre-existing coins having the same ideas and goals copied by the team of the project.
A legitimate project would never mention the exchanges they will get listed at, everything will be developed at the shortest time frame.
However some of points listed by me can be wrong some of the time.

[conected]

In my opinion, it is difficult to identify the existing token is a scam or not. We know the token is a scam or not after it happens. Many scam tokens initially look convincing and have a good roadmap and are in demand by many investors. Be careful and choose tokens or tokens that already exist on major exchanges, reducing our chances of being hit by a token scam

- Major exchanges only license those tokens with market, user and fair value, although a few projects go bad after a certain period of time but as long as we are not a user who likes to chase luck and choose tokens with low trading volume every day, it's hard to make us fools and fall for the scam project. However, scam projects seem to know how to convince more people than we think, I don't know what magic they use to make their words be trusted by others despite huge holes, still many people still lose in such projects and don't stop

[Digital_Lord]

The community should be big and hard-working for a token to pumped about 100x and the team should reveal their further plan so the community can make a good decision at the time. You should have to read their full documentary before investing your money.

[ScamViruS]

The community should be big and hard-working for a token to pumped about 100x and the team should reveal their further plan so the community can make a good decision at the time. You should have to read their full documentary before investing your money.

If you research the project before you invest in coins, the community and the price of the project are likely to be pumped. Then you won't get anything big from that project. More important than the power to pump up the price of a project is to research how promising that project is. This is because whale traders can easily pump and dump a coin if they want, but the durability of this pump is not high.For this, a project should be well researched, so that the strong aspects of that project can be found out.

[gustavroy]

You can check the whitepaper and search the team members but there is no guarentee in this sector at all. ( unfortunately) Even bitcoin could be scam lol. But checking dev and partners could be nice

[Dragonfund]

You can check the whitepaper and search the team members but there is no guarentee in this sector at all. ( unfortunately) Even bitcoin could be scam lol. But checking dev and partners could be nice

Are you OK?
How can you say bitcoin could be scam?
Not 1 year, 2 or 3 but has managed to survive 10 good years of growth and recognition, and you said scam? You shouldn't be in Bitcointalk of you think so.
White paper isn't a guarantee, you can get scam if the team fit to once they get your trust. It has happened many times and likely to continue except in the future if there should be some kind of regulations that protects the investors.

[WNTRjon]

There is no way to confirm in every case. The biggest red flag for me is when a team says they want to remain anonymous. Yeah, we would all like to remain anonymous, but if you believe in a project that you are leading, you and your team should be willing to expose themselves and put their reputations on the line.

[chanler]

Personally I still can't decide clearly how a token is a scam or not. What is certain is that if I really feel that there are irregularities in it and it provides some benefits that I think are unreasonable, then that needs to be watched out. Therefore, if it is in the case of choosing a good project or coin, I will analyze and observe first to avoid scams. I read some of the answers here and it was very helpful for me in the future in choosing a good token too. It is important for us to learn more and more in choosing the right coin so as not to get scam tokens.

[romero121]

Based on the team, the funding partners, the investors, the core behind the project. More such parameters contribute to the project. However even after analysing these many things we can see potential projects ending up as scams. This is ridiculous, and in some projects there'll be break in between.

The lack of development make the project go worse and finally after years once again it gets on track. Those weren't really scams, but lack of development or funding leads to some negative results on the market.

[King Khaizan]

you should research first before investing, there is no guarantee a project offers something bigger, check all platforms and their long term project plans then you can decide.

[Koro-Sensei]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Look for signs. From whitepaper to team's profile and tokenomics. There is a gray lining in every scam project and research is a must. However, its really hard to determine even if you research all of this. Being doxxed aren't even assurance for them to be legitimate and even those who got successful ICO still doing scam. I remember in 2019 where scams are everywhere and so many money were collected.

The lack of development make the project go worse and finally after years once again it gets on track. Those weren't really scams, but lack of development or funding leads to some negative results on the market and gone.

This is also a thing with projects having a low experienced core team behind it and its community foundation isn't strong either.

[dustboy]

you should research first before investing, there is no guarantee a project offers something bigger, check all platforms and their long term project plans then you can decide.

It is not easy as its said, doing some researches first about the project is a must obviously but there is still no guarantee that the project will not be a scam eventually. If you are investor and you have done some researches before investing, always bear in mind that you should invest what you can afford to lose only. It does not matter how high you trust the project after your researches but preventing for something worst is always better.

[Ekyfitri]

If they said about returning you 100x something as you told, then you must be stay away from them. Reading whitepaper, their plan and roadmap, their community all those things Should be checked carefully before investment any amount. Although following such steps, still noboday can't guarantee that project was pure cause sometime project works good, gain lots of fame and them they run out with investors fund for unknown reason! So its complex and depends on luck i think

those are the words of the coin sales meme these days.
I saw it on social media and telegram groups selling their meme tokens for big short payback deals.
this really doesn't make sense. because everyone will praise their new project. but not for those who know the ill intentions of their meme token offering.

[Nazmul012]

a project team members also giving you hope and normally they'll try to prove their project as most demanding and best one to you. Thats the commom way to grap assets from investor by trapping a! you are new in crypto, so you need to spend some more time to catch out between real and fake one! Till that, you should only investment with coins with top ranks! there's no chance to get fruad

[Golftech]

a project team members also giving you hope and normally they'll try to prove their project as most demanding and best one to you. Thats the commom way to grap assets from investor by trapping a! you are new in crypto, so you need to spend some more time to catch out between real and fake one! Till that, you should only investment with coins with top ranks! there's no chance to get fruad

To correct that, you need to spend more time in order to learn more deeper about this business that you are working,

there are many newcomers who lose their money investing with scam project due to laziness, they didn't review and

quickly put their investment to project, ended up losing a lot.

[David.Jack]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It might be difficult to identify scam projects. Some projects are true projects but no enough funds to continue development then exit the project. Some project has fully funded to start the project and listing on good exchange but at the end is a scam in various pictures. In order to avoid scams, should observe project development progression for a specific period. Check project team, direction and roadmap. Those requirements are passed then try to invest with minimal funds for risk mitigation.

[fileo]

For now it is hard to detect scam token at early stage because the dev are looking good and honest. It sounds good to know that the dev is so concern to investors. Unfortunately after they will list the token in uniswap or wherever some tokens turn into garbage because the dev left the project. So sad to participate this kind of scheme. I participated recently in this unfortunate one. Now I am aware the new strategy of scammer.

[Tashana]

I really don’t recommend buying some altcoins, buying Bitcoin, Bitcoin, Ethereum, a good life, a good sleep, and a good study, okay?

[cdog]

Research is key before any investment and it can give us insight if a coin is legit or a scam. The first step for me is always to check how the coin performed in the past. Was there active trading in the last 100 days? And if yes, how much trading was done. Looking at the past teasing volume can already tell us if there was some kind of price manipulation.

You can view recorded volume of each coin traded in a given period but only know the general accumulated volume and not detailed information from the charts on the exchange, it is not valid as an analysis because too much manipulation for new coins already listed on the bad reputation of the exchange, you must ensure that the coin is active trading real volume without volume manipulation.

[leetcoiner]

Only the study of the project and the search for holes in it can give at least some result.
Scammers have now become very smart and sometimes even write their own white paper so that it would not be possible to catch them for plagiarism, however, this does not mean that they are not mistaken in other places.

[seramania]

it's very easy, just see how active the team is on social media and how they respond. usually the scam team always limits every member's conversation in the group and they seem to set us up not to talk about their coins. this is clearly avoided and is really a scam and should be thrown in the trash.

[Tahid12]

First of all, newbie shouldn’t join with new altcoins token ico.  Cause its quite impossible for them to find out good project with first try. Scammer are very smart to fruad with people. So first notice on those altcoins who were get scammed. Then try to Find out Their ways and reason and try to learn something from those. Then you’ll automatically know if the altcoin is going to scam or not

[blockman]

First of all, newbie shouldn’t join with new altcoins token ico. 

And newbies should also know that most of the ICOs today are not that good anymore. Many of them are outright scams, although there's still a place for them but it's known by the community that most of them right now are scam.

Cause its quite impossible for them to find out good project with first try. Scammer are very smart to fruad with people. So first notice on those altcoins who were get scammed. Then try to Find out Their ways and reason and try to learn something from those. Then you’ll automatically know if the altcoin is going to scam or not

It's quite hard, to be honest, but there's a way to know it if you're always that type of person who seeks that information just as the goal of the project and how they're marketing it. If there's a sign that the source and its goal doesn't really look viable and sustainable, you can have that idea what it is.

[Handsome Boy]

if I personally have some criteria to say if an altcoin is a scam, that is :
1. the project does not go according to the roadmap and whitepaper
2. the team is inactive and not transparent
3. the project does not have any progress

[Rexler]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Few ways to stop losing money? Stop looking for x100 token cause you only end up been fooled by these scammers that pose to be legot devs, to identify a scam project is not that easy like it use to be before since scammers know people no longer fall for their tricks, now they create projects and try to gain the trust of the investors while still staying anonymous, once they gain it they will rug pull when there's enough money in the liquidity, afford new projects for now, buy top coins and stay safe.