hodlftw
Full Member
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Activity: 326
Merit: 104
Santa Coin
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November 12, 2021, 08:15:47 PM |
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Not seeing this mentioned too much or at all but, the team really makes the difference. For one, you should know if they are going to scam/rug you. Secondly, if they are a reliable team they likely will do well. That was one of my first big errors in investing. Heck, if all you knew was Sam Fried coming into this bull run, well thats all you needed. Teams are a big deal.
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SquallLeonhart
Legendary
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Activity: 2352
Merit: 1101
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November 12, 2021, 08:58:32 PM |
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Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
If the website you said you discovered is very good at using their strategy to discover which projects in the cryptocurrency market is fake or real, then you can go ahead and be making use of the website to check whether a project is really what they’re claiming to be or not. Then if you want to do it manually by yourself, then I would suggest that you always check the team that is behind a project and know who they truly are and whether they are who they claim to be. There are lots of social media that you can check out who they are, check their LinkedIn profile, their twitters, their Facebook accounts and know if they’re really who they claim to be and whether they have the kind of experience that they claim to bring to the table. And finally know whether those are not just scammers who are impersonating legit people out there that knows nothing about the project. This is just one piece from me.
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MaDeidre
Newbie
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Activity: 34
Merit: 0
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November 13, 2021, 02:05:30 AM |
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Some scams are unavoidable. You can't be deceived if you don't believe them and don't touch them. Many people will be deceived because of greed. Don't pay the price because of your curiosity. In the current project, you should choose a project you are familiar with. To invest in a new project, you must first understand the basic information.
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ene1980
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November 13, 2021, 02:37:56 AM |
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Some scams are unavoidable. You can't be deceived if you don't believe them and don't touch them. Many people will be deceived because of greed. Don't pay the price because of your curiosity. In the current project, you should choose a project you are familiar with. To invest in a new project, you must first understand the basic information. If you think investment is greed, then you can say that anyone who gets scammed are due to greed. But you need to understand, the risk in any cryptocurrency project has its risk as you never know which project will deliver and which project will collect money and run away with it. Many of the cryptocurrency investors does not really care if the project really succeed, all they want is a pump so that they could book their profit.
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Valak
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December 21, 2021, 05:58:17 AM |
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2019 was the year where a lot of crypto scams took place. Since cryptocurrency became popular, people started crypto exchanges to earn profit through crypto trading. However there are many scams that cause many users to lose more than they invested.
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JoyMarsha
Sr. Member
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Activity: 854
Merit: 362
Cryptomus.com - Cryptocurrency payment system
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December 21, 2021, 06:52:37 AM |
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First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
Considering a project based on her large number of community members doesn't mean the project is legit. It's very wrong to have such a mindset. What normally grows community on telegram is bounty hunters and airdroppers, not investors. Investors in most of the large communities I have seen are very few at the end. I always go with the ICO rating of a project, to know it's genuineness
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kaka manteng
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December 21, 2021, 07:11:22 AM |
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Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
True, all projects campaign about their potential in the roadmap they describe, but most of the projects are not implemented so that many investors feel disadvantaged. In my opinion, to avoid such scams, we must be observant and more thorough in choosing the projects we want to invest in, and it is also very important in my opinion to pay attention to the project team and developers.
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laredo7mm
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December 21, 2021, 12:50:52 PM |
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Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
There are several elements that show a project's authenticity. You can check a project has those or not and then you can decide this will be a good investment plan or you should have exited from that project. First, check the project contract is audited or not. Then check for their partnership and development plan. There are a lot of VCs who invested in new projects every day. I can trust a project if that is backed by binance or kucoin. Another thing is a good project is very common and that is they are very active in their social media. A good project always keeps their community updated.
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Ngewex Yuk
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December 21, 2021, 02:45:00 PM |
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It is difficult to detect whether the project is real or will become a scam, scammers of course know and fix which points are easy to detect, this is why we must immediately implement strict regulations for projects so they are not used for scams.
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TIME TO SLEEP
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susuberuang
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December 21, 2021, 02:52:35 PM |
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2019 was the year where a lot of crypto scams took place. Since cryptocurrency became popular, people started crypto exchanges to earn profit through crypto trading. However there are many scams that cause many users to lose more than they invested.
If I look at the percentage of Scam, the most frauds occurred in 2018 not in 2019, because in 2019 there were several projects that had become successful and very few things happened in 2018.
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VanityWallets2015
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December 21, 2021, 02:56:58 PM |
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-snip-
I couldn’t agree more with you. Although, it would be really challenging to know ultimately and right away if a project is a scam or not, it is not impossible to find out by doing the above. I also observed that those who are with pure intentions are active and eager to answer inquiries and attend to concerns as much as they could.
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fadil46
Full Member
Offline
Activity: 826
Merit: 101
$CYBERCASH METAVERSE
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December 21, 2021, 03:00:48 PM |
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It is difficult to detect whether the project is real or will become a scam, scammers of course know and fix which points are easy to detect, this is why we must immediately implement strict regulations for projects so they are not used for scams.
And so far no one has really been able to detect the points used by Scammers in every project so that until now there are still many projects that can be scammed in the end with various illogical reasons.
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lvsca
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December 21, 2021, 03:07:10 PM |
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I don't think it will be 100% doable even if there are projects that can audit projects like checkdot. But at least, it can help 80% make us understand the scam project and can avoid it, Usually the scam project has a great promotion when the token sale he will give a big discount and there is no progress of working on the token sale only.
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irsykes
Sr. Member
Offline
Activity: 1513
Merit: 273
casinosblockchain.io
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December 21, 2021, 03:29:06 PM |
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I will just wait the token to listed in bigger exchange i think. It is yes, need time but it is better to safe than sorry. I mean, in investing we are free to pick what coin and project that we want. So if not really sure about project that open IDO, ICO or any kind of token sale before the project launched, just avoid it.
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Ararbermas
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December 21, 2021, 03:36:44 PM |
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Making research is always a big help to prevent frauds in the blockchain mate.because if you rely only on what others saying for sure you will end up losing money and etc that can cause regrets afterwards.. So always look for specific information never trust anyone!. all the information is on the internet especially feedbacks. So always invest time for it to prevent scammers..
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sherenikaw
Member
Offline
Activity: 630
Merit: 10
rocket.hashbon.com
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December 21, 2021, 10:44:41 PM |
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the project does offer a good deal where we can avoid scammers a bit. but we must also be able to understand the project well and determine whether the project is worth following or not. scammers are everywhere and we have to be careful with them. There are many cases where a scammer's project brings in a lot of money from investors and this is a bad thing. scammers have various ways to deceive and attract enthusiasts, therefore we must be more careful in choosing a project because to avoid scammers its starts from ourselves to be able to choose a good project.
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HASHBON ROCKET CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM
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Rengga Jati
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December 21, 2021, 11:05:11 PM |
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Actually, this topic has been a very old issue and this is never solved at all. Because, scammers will always set scam projects, scam programs, scam investment, and also other type of scams. And unfortunately, although this has been notified from long time ago, there are still many people who are trapped in the scams, both newbies or even others. Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
Actually there have been some platforms who do this effort in order to minimize being scammed. But how effective it is will depend on what kind of scam analysis done by the platform and how objectives are the analysis. Sometimes, we may consider that a new project belongs to grade A with good project potential without any scam, but in fact, the project is just a shit and scam. So, you must do checking and analyzing carefully and smartly because scammers are exactly very smart in utilizing every situation.
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tvplus006
Legendary
Offline
Activity: 2352
Merit: 1740
To the moon
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December 21, 2021, 11:41:25 PM |
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First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
But even in this case, you will not be able to look into the heads of responsible team members and find out their true intentions. In addition, no one can guarantee that after the money is collected, the team will also selflessly work on the development of the project.
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Mahanton
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December 21, 2021, 11:59:23 PM |
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First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.
But even in this case, you will not be able to look into the heads of responsible team members and find out their true intentions. In addition, no one can guarantee that after the money is collected, the team will also selflessly work on the development of the project. One of the risk you should accept on whenever you do decide on making out investment here on crypto space. Team could be anonymous and funds couldnt be possibly retrieved once they have decided on running it away which do really sucks big time if ever that thing happens. One thing you should really have on able to save your ass is to have some common sense and make out some research for you to be at least aware on whats been happening around. Scams are everywhere and theres no way you could really stop them but you could at least get rid of them if you do know on what you are doing.
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tygeade
Legendary
Offline
Activity: 2156
Merit: 1059
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December 22, 2021, 06:38:04 PM |
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There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
How exactly does this CheckDot you’re talking about identify projects that are scam and the ones that are legit? A little explanation on how it works would suffice. Anyways I still be making use of the old method that I use whenever I want to find a project that is legit or scam. You just have to follow the process –the first thing I do when I happen to get any interest on any project is that I get to know their team first; there is a lot to do with this – you have to know whether the team are truly who they claim to be by thoroughly researching them. The next thing I have to look at is their whitepaper – this is very important before you start talking about flashy websites and the rest of them. A whitepaper will show you the background, goals, strategy, concerns,and time line of that project you’re about to get yourself involved. There’s a lot to do with the whitepaper and it’s going to help you decide whether it’s something you want to be a part of or not. Then you have to look at the token sale, and how feasible is the project, even after all that you still have to exercise caution. So talking about the CheckDot website, is it really going to do all that for you, and how does it do that?
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