How do you make sure a projects funds are safe?

[J1mb0]

To verify a certain project you need to learn about the project as a whole.
You should first learn about the development team, if they are professional and reputable then you should learn about their products, media sites, etc.
This can help you reduce the risk when investing in a certain project.

[Bitcoinjheta]

funding project doesn't guarantee that is safe to invest in crypto it needs alot of research starting from bounty manager that manage the project. The website of project and the people behind are true to its details roadmap and the numbers of holders of those project that can track to their wallet. The numbers of the community by the social media like telegram, twitter, facebook that tells the movement and progress of the project are all good sign of good project.

[Surmount]

Interesting.

So to summarize the major points, what investors like to see are:

*Roadmap and roadmap completion
*Wallet addresses
*Information on team members and activity on social media

Minor points are:

*Team competency
*Verification by bounty managers or certification services

What I find interesting is that almost no one mentions any sort of governmental or institutional regulation.

[Rengga Jati]

How do you make sure a projects funds are safe?

How I am sure?
Honestly, I will be sure enough of a new project if:
- It has been listed on a middle-top exchange and has good volume and also a market cap.
- There is a certain and significant project development and progress by the team, real-time with professional and also reachable plans.

But, if the project still doesn't list in any exchanges, it means that it is still 50:50

[xZork]

There is always risk in the cryptocurrency market, but if you are knowledgeable and carefully investigate the market you can keep the risk to a minimum.
Investigate the development team, their products, the team's media and telegram sites.
Don't believe anyone's promises of profits, make your own judgement.

[JaoBadjap]

If you check there websites, they have address.
Picture And The Names of developers. And a lot of info that you could verify.
However, the thing is even its legit 100%.
Sometimes you cant say, if the developers just decided to quit.
You cant stop them from doing that though.

[Darktongue]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

Now I don't invest in any ICO, but if I have to, I will start a big partnership. I don't believe any ICO without partnership, strong team or good exchange IEO. Just think about the devs when you are good at hoarding. Top exchange listed coins are safe even though I can remember the name of INS token. These altcoins were delisted from the Binance exchange and then Kucoin. Sometimes top exchange listed altcoins aren't safe without a good team.

[Reosta_]

Except the big and well-known cryptocurrencies in the market, actually I can't be 100% sure about a project. I do everything I need to do to know better about that project before even thinking about investing into it. But still, I rarely invest into that kind of projects.

[Distinctin]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

The funds must be held through escrow or a third party that will be taking in-charge of the distribution. But if not, you can't assure that you will receive your rewards after the ICO has done unless if the devs are true with their promises. We can check also their wallet address but that also if they will present their holding wallet.
However, even though we can find out that the fund is intact, we can't assure that devs will scam us. As long as the money is still in their control, they can withdraw it anytime.

[guydin]

Actually, it is very important to do research before investing in any projects. Personally I  investigate the idea and docs, then I overview the team members and I also check if any “whales” are going to invest in it. One more important thing is definitely a marketing campaign and social media. You necessarily should investigate if there is a big community and there are many people who trust it and want to invest.

[flagpara]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

Definitely your topic is about new altcoins, new altcoins are tough to choose from all the scam projects. I believe in only partnership from history and other advice. New projects are building partnerships to bring trust where old projects don't want to lose their reputation. New projects can't launch their projects with a big partnership, that is also my point.

[imamusma]

Except the big and well-known cryptocurrencies in the market, actually I can't be 100% sure about a project. I do everything I need to do to know better about that project before even thinking about investing into it. But still, I rarely invest into that kind of projects.

Investing is about understanding risk in terms of looking for profit, so obviously it really needs careful and strong consideration for this, because now there are so many new projects that are sometimes not worth investing in.

[LordMiguel]

there are various ways to do this. check the smart contract. check whether the team really exist. also check the community behind the project to verify if they are in for a hype. check the partnership. WITH These, you can also check the team the audited the platform and their report. this is the most important on the project. the report from the team that audited the project.

[llecrf]

-snip-

It's hard to see new projects will be successful in the future or the developers are committing fraud, but we can see some important partners or teams that are in each project, for example the smartcontrack audit conducted by Certik and several exchange partners as in the list of 10 cmc rankings, that will make investors comfortable because the project looks convincing, but still nothing guarantees the project can be successful because every time new projects come up with new ideas that are better than the previous one.

[RussianEnglishTranslation]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

Easy, you invest in mineable projects like 0xMR and RVN that have no dev wallet, no IDO, and no pre-mine. That way the devs can't dump on you or exit scam.

[wxa7115]

Interesting.

So to summarize the major points, what investors like to see are:

*Roadmap and roadmap completion
*Wallet addresses
*Information on team members and activity on social media

Minor points are:

*Team competency
*Verification by bounty managers or certification services

What I find interesting is that almost no one mentions any sort of governmental or institutional regulation.

It is not really that odd after all this market is composed still by people that see what the governments are doing with the economy and do not trust that governments are going to do a good job, and even if we wanted them to intervene I do not think they really want to make this market safer as this plays against them.

I still think that the best solution are the ones that the community can provide by itself and an independent escrow that has a good reputation will be the best option, but most developers do not want to give up control of those funds and as such this is not very common.

[dhemasm]

from their smart contract address, usually the developer keeps the funds from the token sale there. although not for a long time, but we can see how much money they actually raise. and how do we see whether the funds are used for development or not, that's easy. we only need to look at the progress, if the development progress is good then the funds are used according to what was planned.

I suppose it was only for DeFi or any Launchpad that held on some dApps like BakerySwap, DXSale, Unicrypt where it will be locked and the liquidity too but it can't apply to some ICO that running an mainstream sale, It's really hard to consider which one will not becoming exit scam. The only ways too do just make sure invest on asset that you can afford to lose and always do research before investing.

[Flowzer]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

I dont really know, but many new projects claim that they are safe because already lock liquidity and doxxed by any trusted third party.
Its a good thing maybe, but for indicator i usually see how professional the team took care of its community and follow the roadmap.

[zasad@]

Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?

What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?

Choose projects that sell their tokens through the site https://coinlist.co
There, project creators undergo a full security check and verification.
Choose those projects in which I invest large cryptocurrency investment funds.
Check out the projects at https://ventures.coinbase.com/
which can be added to the coinbase exchange

[Flowzer]

I dont really know, but many new projects claim that they are safe because already lock liquidity and doxxed by any trusted third party.
Its a good thing maybe, but for indicator i usually see how professional the team took care of its community and follow the roadmap.

Yes, and I think that's a natural thing too because every new project really needs to make such a claim in order to attract investors to them so the team always says good things at the beginning of the project and one of them is as you said.

Doxxed is a new mechanism to kyc-ing the team, i think its really reduce the risk of scam because the identity of the team are revealed to the third party.