How to detetct any scam projects?

[TastyChillySauce00]

I think that if people can detect the scam project easily and there will be no people got scammed by the scam project. The thing is when you are seeing the shady thing has been done by the developers and you must see that as a signal to go out or not to touch the project.
If you are thinking the project was too risky with high chance to be another scam and never deal with it. So many people are being fooled by the scam project like this.
It's better never try to deal with high risk project and only try to deal with reputable project in the market.

[maartenhaha]

I'm sure all bitcointalk members have joined the project and the result is a scam, so it's very difficult to guess a scam project because every fraudster prepares material in detail as if it were real, I'm just sure that an ordinary project manager will choose a good project for him to hold,

[kidbounty]

The best is to stay away from new projects, there are still some good altcoins in the first 100 rank that you can invest on, but know generally that altcoins are risky just like luna that was in the first 15 rank that is not in first 100 in just few days. New projects are more risk.

Go to Coinmarketcap and check the contract address of the new project

Follow the developers like on social media, question them and know what the project is all about.

This is one of the most important part, read the white paper, check for plagiarism, if plagiarised, it is a scam.

Even a new project can become pump and dump. New projects are highly risky.

unfortunately this method is not very useful. since the luna problem happened, i think this way is still not good enough to verify a project. experienced team, 100% original whitepaper, strong community, it was all in the luna project, but in the end this project became one of the biggest shit projects in crypto history.

[asyakashi]

Can anyone explain how to analyze a project so that one can escape from getting scammed?

Scam projects cannot be predicted with 100% accuracy, nor are there any assistive tools or websites to track real scam projects. That's why here we are always warned before investing should be DYWOR, because it involves the risk of loss if the project is a scam. The recent news is that even ranks above 10 in CMC can just be a scam, with a price drop that can't be recovered, so those who really know the scam for sure are none, but analysis is mandatory, at least it helps you to believe in the project have potential in the long term.

[Oshosondy]

The best is to stay away from new projects, there are still some good altcoins in the first 100 rank that you can invest on, but know generally that altcoins are risky just like luna that was in the first 15 rank that is not in first 100 in just few days. New projects are more risk.

Go to Coinmarketcap and check the contract address of the new project

Follow the developers like on social media, question them and know what the project is all about.

This is one of the most important part, read the white paper, check for plagiarism, if plagiarised, it is a scam.

Even a new project can become pump and dump. New projects are highly risky.

unfortunately this method is not very useful. since the luna problem happened, i think this way is still not good enough to verify a project. experienced team, 100% original whitepaper, strong community, it was all in the luna project, but in the end this project became one of the biggest shit projects in crypto history.

It was just unfortunate for Luna, it seem more if a ponzi scheme but it was just what altcoin can bring and lead to losses but luna is not a scam coin, it was just a coin that want to become a failed project. Generally altcoins are risky, even the good ones among.

[yayayo]

Most of the scam projects have poor development and poor solution to their project and most of them are copy cats, some doesn't have complete information like no infromation of team member but some projects are complete and they are improving with their scam scheme and honestly it is hard to detect if the project and scam since it is hard to differentiate it nowadays.

ya.ya.yo!

[Devifajarina]

Can anyone explain how to analyze a project so that one can escape from getting scammed?

It's quite difficult to identify a fraudulent project or not, because initially they use the same way of running any project, that's why don't easily believe in new projects that don't have team quality and are launched when market conditions are correcting, look at the way bitcoin, Ethereum and BNB in running the development, they don't really expect a large community, but the utility and stability is maintained for them, find out more sources, so that we don't get caught up in fraudulent projects

[bakasabo]

Team is one of the best factors that represent scam project. Lack of information about the team is already a bad signal. Lack of information about past and experience of a team is another bad signal. I strongly believe, that a no-name developer can not create a successful project. I will never trust a developer, who is creating his very first project and promise to compete with market giants, to become big, successful and revolutionary.

[lobo13hf]

Team behavior should become the main consideration. i see that in so many case you must also trace the wallet that probably owned by the team members. If you were able doing it and you will find the team was trying to sell their own tokens to the market to drain the liquidity and this project will become a scam. You can also try to identify that through the function from the code. I guess this is very hard for the newbies that known nothing about the coding and smartcontract programming but this is also the best way to know whether the smartcontract has a rugpull function or not.

[whiteblue]

Team is one of the best factors that represent scam project. Lack of information about the team is already a bad signal. Lack of information about past and experience of a team is another bad signal. I strongly believe, that a no-name developer can not create a successful project. I will never trust a developer, who is creating his very first project and promise to compete with market giants, to become big, successful and revolutionary.

We have to get detailed information about the team and its history of expertise on linkendin, although not really verifiable for data from valid history but at least already know the ability of the team to develop that project, I will usually look at all developer data first before analyzing the project in whitepaper.

[crypto-project]

Can anyone explain how to analyze a project so that one can escape from getting scammed?

It will be very difficult to detect a scam project, because now there are many potential projects with clear roadmaps and whitepapers, but still scams. Even tokens ranked at 100 CMC are pretty much a scam. The point is when investing in crypto projects we are prepared that our money will be lost.

Right, there are no way to detect 100% SCAM project because i've experienced a several projects which was looks fundamentally strong and professional team but team was greedy. I don’t believe all of those projects even which is top 100 ranked in the Coinmarketcap. First of all we have to some own researches to detect SCAM project, team is most important, most of the time SCAM projects team using fake profile.

But nowadays many scam projects use real people as their team, and most of these people don't know that their data is being used for scam projects.

[Future of Bitcoin]

Its not just scam projects its also incompetent teams and pump&dumps.

Find good projects as KoinOS with proven track record (their previous project was Steem) and look on youtube if they have interviews with the devs (KoinOS has) and then see if they work on a project that makes sense and is a serious competition to ETH and will replace ETH some day. Then look at the price. The market cap. If its over $500m forget it, you are too late. Millions of people got it cheaper than you and will sell before you.

[erep]

But nowadays many scam projects use real people as their team, and most of these people don't know that their data is being used for scam projects.

I think you can check some of the reports on the Scam Accusations thread because many projects have been exposed with finding fake team data from using other people's identities, so be careful choosing investments out of hype because using fake team data is anonymous because it's definitely the purpose of creating shitcoins.

[BlackBaron]

Then look at the price. The market cap. If its over $500m forget it, you are too late. Millions of people got it cheaper than you and will sell before you.

So forget the projects that want to over-concept to replace the ETH network even though they also use smart contracts from the ETH network, lol. Many projects are upgraded to illogical utility plans because they want to trap investors in shitcoin investments and then they will leave because surely their abilities do not achieve the fake plans that have been planned.

[Future of Bitcoin]

Then look at the price. The market cap. If its over $500m forget it, you are too late. Millions of people got it cheaper than you and will sell before you.

So forget the projects that want to over-concept to replace the ETH network even though they also use smart contracts from the ETH network, lol. Many projects are upgraded to illogical utility plans because they want to trap investors in shitcoin investments and then they will leave because surely their abilities do not achieve the fake plans that have been planned.

Koinos is the most decentralized Blockchain since it uses proof of BURN so it has the security of pow with the low electricity use of pos.

Its the future literally. They currently have not launched the mainnet yet so thats why they are on Uniswap(ETH).

[ethereumhunter]

It is difficult to identify any scam projects because we will not know in the beginning phase. But if the project is almost done and close to the launch, some projects can delay anything they want and the team will not online without any news or message, and that can be a sign for a scam projects. But that does not always like that because some projects can run away with the investors money in the middle of their phase. We just do not know how the new projects can turn to be a scam projects. The best thing you can do is not join in the new project as the investor.

[dwminer1]

You can never be 100% sure that this is not a scam, but there are a few elements that I always pay attention to to minimize risk. The first is the devs/team of the project. It is important that they are experienced people. I don't trust projects whose devs want to remain anonymous. It's a big red flag. Another thing is communication. If they promise that if you buy their token, you will get 10x more in 3 months, stay away from such a "project". It's worth paying attention to the project's website, whitepaper, documents - if it's plagiarism, it's probably a scam.

[Wildwest]

Actually, it is very difficult to predict a scam project and we often get caught up in the project because we do not know that at the end of the project they cannot give us the slightest profit and we also experience losses, actually research is one way that we can find out the performance of the team but at the end of the day we are also often disappointed by them, and currently there are very many new projects that are experiencing scamer so we must be careful.

[bakasabo]

Team is one of the best factors that represent scam project. Lack of information about the team is already a bad signal. Lack of information about past and experience of a team is another bad signal. I strongly believe, that a no-name developer can not create a successful project. I will never trust a developer, who is creating his very first project and promise to compete with market giants, to become big, successful and revolutionary.

We have to get detailed information about the team and its history of expertise on linkendin, although not really verifiable for data from valid history but at least already know the ability of the team to develop that project, I will usually look at all developer data first before analyzing the project in whitepaper.

If the team member is really experienced and skillful, then he has participated in other projects. He cant just be a prodigy, whos very first project becomes world famous and demanded. Anyway, if he is really talented, then the internet knows about it. He, his works, experienced definitely got mentioned somewhere. His name must have appeared somewhere, he must have achieved something. He can not be a phenomenon out of nowhere. That is why team and its past is most important indicator for me.

[MiF]

Can anyone explain how to analyze a project so that one can escape from getting scammed?

Sometimes scam project is not transparent the team will hide thier true identity always be careful on that next is that when project is no progress a lot of excuses being made and no development for so mnay years, sometimes there is also a legit project and turn into scam because it was abandoned by the developer or project turn into shit project because of the bear market and it will end us unsuccessful project. The best way to avoid being scam is invest in project or tokens that is already tested one example is the bnb or eth and many more.