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Daodex (OP)
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February 08, 2022, 10:29:16 AM
 #1

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

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February 08, 2022, 12:39:15 PM
 #2

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

To avoid scams do not rely on coinmarketcap and coingecko only. They just do what's their job. We are the ones who have to be careful to avoid scams.
Here are the steps you can take to avoid ICO scams.
1. Find out everything about the developer team on the ICO project
2. Check in the community and media.
3. Check the project stages and Venture Capital investments.
4. Read the thread [ANN] on the BitcoinTalk Forum to add information from the ICO project.
5. Read the white paper.
6. Check the quality of the code used.

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February 08, 2022, 01:08:56 PM
 #3

Good idea. But, other websites does that and it's a shame if their employees will be jobless if CMC and Coingecko will do it all. There should be a division on where they specialize to achieve accuracy and quality.
Those two big companies cannot take it all and besides that would be a lot of work, not everyone relies on them like deean_3one.
A lot of people are already lazy and scammers are getting happy every day. Let's not make them happier by being lazier.  Grin

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February 08, 2022, 01:21:40 PM
 #4

It will help us to avoid scam projects but we have various ICO ranking site which does validation still people don't buy in those validation due to favorism which has happened in the past for ICO rankings and it's obvious that people will not believe them different sites have different info like one ranking site rates a project 4/5 while other says it's 2.5/5 then we cannot rely on them as either one of them is giving our false information. If CMC or coingecko starts doing it then it would be helpful and there needs to be a standard protocol which should be followed and they should list only whose ICO's wherein team verification has been completed.









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February 08, 2022, 01:28:41 PM
 #5

Personally, I think that platforms like coinmarketcap and coinecko do not just host projects. I think that in order to get on coinmarketcap and coingecko you need to fulfill certain conditions. So coinmarketcap and coinecko always care about the safety and cleanliness of projects. Personally, I always use coinmarketcap and coinecko for my own purposes to develop a successful business. So we can say with confidence that coinmarketcap and coingecko work for us and always offer us the latest crypto market news.
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February 08, 2022, 01:28:48 PM
 #6

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
More and more scams are not the fault of Coinmarketcap, it's because too many people want to make quick profits, they don't do their research before making an investment. They just enter into an obscure project, and end up being scammed.

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February 08, 2022, 02:23:32 PM
 #7

That's a good idea to filter out good projects or projects with real team behind and which has not but I don't think they can do that since most of the underdog projects were looking forward to list their coin in coingecko for information of their coin and it is really hard to filter out which project is scam or not that is why it is the responsibility of the investor where they are going to invest their money.

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February 08, 2022, 03:17:53 PM
 #8

the process of verifying a team working on a product is actually not difficult just attending an open meeting can virtual etc and it is a good idea to reduce a bit of scammers ,It also helps us to sort out what projects or products we will include in our portfolio ! cmc and cgko will think of this idea if we community make a request to them ,another option there should be another supervisory agency to be able (another product) enter their platform

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February 08, 2022, 03:26:03 PM
 #9

I don't think that is enough to stop scammers, first they can submit fake team verification and they don't have the right to ask that since they are not listing site it is much suitable for exchange site but most of the scam projects can be traded to decentralized platform. I think the one that should have the right to ask for verification is not coingecko but the one that list those coins.

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February 08, 2022, 03:36:40 PM
 #10


If its that easy to collect data from team, scammers will create their own coin ranking sites like CMC and coingecko. I have recently seen one created by a user who asked for review of his CMC like website. Its not that difficult, all it needs is a script to upload on the server.

Team of scammers will always hide their identity so its best to just invest to coins that ranked on top or just Bitcoin.


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February 08, 2022, 03:41:27 PM
 #11

scammers are actually human nature in my opinion, verification is useless but the nature and intention to deceive is in the soul,
but if the verification is done in a conference, I think the scamer can reduce the amount, why conference because the cmc can take the verification of the real face with the team data they include on the web
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February 08, 2022, 03:51:58 PM
 #12

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
Crypto is somewhat of a "do it yourself" network, so waiting for CMC or coingecko to do something like that will more or less turn out fruitless, of course I get your idea and what you feel this is going to achieve, but they (the exchanges) are only doing their 'job' by listing coins, and thus it then becomes the duty of an investor to do his research on the coins before investing, that's why in crypto we use the axiom: "Do your own research", I'm afraid if one waits for one third party service or the other to research for them, then you'll prolly get scammed many times.

Having said that, many of this scammers are the ones 'producing' new coins every now and then, would it not be better if investors select only coins that are somewhat established, and even if they want to put money into new projects, then they must only invest only what they can afford to lose, so if the project actually turns out to be a scam, they'll only lose something very small.

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February 08, 2022, 03:55:23 PM
 #13

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers,
I do agree and this idea may help to reduce the possibility for the scam tokens to be listed on CMC and coingecko but remember that so many shit scam tokens can also ignore CMC and coingecko. Remember that CMC and coingecko will be only evaluating the tokens that already been asked to be listed on these sites. If you meant about tokens that didn't intend to list on CMC and coingecko and then both have no control over it.DYOR is a must.  

yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
They ask it but not for KYC. It seems like the team of CMC and coingecko are always listing any tokens that sent an application to them. I know that scam tokens are flooding the market right now.
that's why this idea may help it but remember that bunch of new tokens applied to be listed on CMC and CG

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February 08, 2022, 04:07:05 PM
 #14

indeed one way to overcome fraud because both platforms really need us to look at coin criteria such as price and also the team in it..
for now you need to be careful because there are so many scams that use any means to gain profit.

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February 08, 2022, 04:10:39 PM
 #15

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

There are many crypto projects that have anonymous founders and team. If you really want to participate in a new project with a known team, you can look for them in audit websites like certik and rogdoc. Though a know team is less likely to pull a scam, a team won't guarantee a success either. There would be less rugpull and vanishing with ICO funds but there could be other ways to scam.



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February 08, 2022, 04:47:10 PM
 #16

It's easy to filter the scam project through KYC implementation so what about coinmarketcap and coingecko? have they ever tried to implement this before? these days there so many service to be used by the team that runs the project to do KYC for their investors. I think that this is the best way to decrease the scam project. So manys cam project appeared in daily basis. this creates so many fear around the crypto market.
Coinmarketcap and coingecko will not do that. I guess if this will be implemented and then less shit tokens will come to the coinmarketcap and coingecko but this is just our speculation.
coinmarketcap can do this since a a few years ago but why this thing has not yet implemented. 

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February 08, 2022, 05:30:15 PM
 #17

There are several coins in the market that is still not listed on both places still surviving but I don't think these platform will follow these criteria. It's an investor's duty to do proper research before investing in any coin but your idea is quite good.

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February 08, 2022, 05:44:09 PM
 #18

I don't think that is enough to stop scammers, first they can submit fake team verification and they don't have the right to ask that since they are not listing site it is much suitable for exchange site but most of the scam projects can be traded to decentralized platform. I think the one that should have the right to ask for verification is not coingecko but the one that list those coins.

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Fake team KYC ? Ask binance exchange their way of verification is different, it's video KYC verification not just submitting passport or identity card, KYC verification have Improved massively compare to past KYC idea.

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February 08, 2022, 06:07:17 PM
 #19

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable
coinmarketcap and coingecko cannot do the verification for you. Although this two exchanges have their criteria for listing coins but its definitely not based on future turnout this is why you don't just invest in a coin because it is listed on coinmarketcap nor coingecko do your own research and save the chances of losses even though losses is part of the business and scammers are everywhere doing all they can to promote their coin when the know too well it would fail sometime in the future
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February 08, 2022, 06:17:02 PM
 #20

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

To some extent, it could have helped but like you already said they are just a review site where investors get certain information about a particular project, since we are talking about a decentralized space and this site are run mainly on seeking information purpose nothing more I don't think they can request that from the various dev team, especially now, if this was something that was there from the beginning that would be different,

Although assuming it has been in the picture from the beginning it would really have saved many from falling into the hands of scam projects, at least reduced the possibility to a greater extent, even though some fully vetted projects still end up rug pull on their investors.

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