How to avoid a scam project?

[FireDAO CY]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

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[rhomelmabini]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Check first on what are they trying to achieve, if it's nothing new then it was likely just to drain investors pocket, check if their team is legit, check if they're connecting with any real people, company or organizations, their white paper and lot more to check. I'm not saying this is always but the likeliness is weighing it that it could be one.

[Freddie Boyer]

I think there are many ways to avoid falling prey to scam projects, it's important to be careful and do your due diligence. First, research the project team and their previous work experience to determine if they are credible and able to deliver on their promises. Second, scrutinize the project whitepaper and its technical aspects, ensuring that the proposed solution is feasible and innovative. Third, investigate the project's community and social media presence to gauge its popularity and reputation. Fourth, beware of unrealistic promises of returns or aggressive marketing tactics.

Finally, seek the opinion of an expert, either a friend or anyone who is adept at learning. Well, By following these steps and maintaining a healthy skepticism, I think one can avoid scams and make sound investment decisions.

[Jackl87]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scams really are a big problem in the crypto space. Probably because it is pretty simple and also pretty cheap to create another crypto project. You just fork some other already existing project and pay the minting fee and that is pretty much it. You don't even need a team for it. One guy that has watched a tutorial video or read a little can do it. Most of those projects are meme-coins (=shit-coins)
So my first advice would be to totally ignore meme-coins because there the chances for a scam are the highest because of the reasons i stated above.
If you are investing into a project, that really wants to solve a problem or is trying something new, then you should always do your research. Take a look at the team, check if they have a linkedin profile or something, read the whitepaper and the roadmap and look if it makes sense. Also check the tokenomics of a project.

[Godday]

You can check their website. Compare with some projects that have committed fraud and fraud. Scam projects usually follow the same pattern. They design the website as attractive as possible, make a promotions (possibly using funds from previous scams) and they have incomplete expert profiles and do not have valid records on their information. I advise you to study in this forum the history of projects that have been scammed before.

[Ojima-ojo]

There are so many new projects launching every day and some of them can be good and some of them can be a scam[/colour] as well. How can we identify it well? Perhaps we should have more discussions about it so we all can learn from everyone's experience.

In every 100 new altcoin projects, almost 90 are scams, that is how bad altcoin projects have become since if inception,  and for you to avoid scam projects the first rule is total avoidance of altcoin projects because even the most successful altcoin today can become scam tomorrow so it can not be trusted for long term investment.


And if you must invest in any altcoin, it then means you will have to do tons of personal research, going deep into the investigation of the key features pf the project and trying to match them with another already existing project, and even at that, you must not rely on altcoin for long term investment in other to minimize your risk ratio since altcoin is best for short term gaol.

[Apocollapse]

If you want to 100% avoid a scam project, just stick with Bitcoin and don't care with anything else.

If you want to minimize the risk of investing in a scam project, you need to make sure the project is already old, not following the upcoming altcoins trend and it should be listed on popular centralized exchanges.

If you not follow one of requirements I mentioned above, you're gamble on altcoins and you have a chance to invest in a scam project.

[alik111]

It's very confusing to choose a project legit or not but it's not impossible. You should research their white paper and website properly if they are promising and team has good reputation then it might be a legit project. If any project launch their product by copying others and generate fake community member then it might be scam so research deeply then avoid that projects which seems to be a scam.

[lovesmayfamilis]

There are a lot of signals that can make it obvious that a project might be a scam. Firstly, if the OP has a similar question, I can ask you, OP, since you're also the spokesperson for the new project here on the forum:
Are you conducting a survey on what you need to pay attention to in order to gain investor confidence, or are you interested in personal questions? For me, after spending a sufficient period on the forum, it became clear that if a beginner does not know how to identify fraud, he needs to invest in Bitcoin. This will protect your money as well as your nerves.
No matter how colorful the promises of new projects are, and even without obvious signs of a scam, a lot of new projects do not bring their plans to fruition simply because of a lack of funds.
Therefore, as a result, it can be said that it is impossible to accurately determine the future of new projects. Everything can change in a few days, and only Bitcoin can be trusted while understanding all the risks that may be encountered in the process.

[Reid]

1. Always check the team behind a project. Legitimacy. Proof of identification. Work Background.
If they are trying to be anonymous, then it's up to you if you are willing to take the risks.
2. Whitepaper and Roadmap. They sometimes make their mistakes in this section and if you are a person who likes reading all the details you can pinpoint the mistakes that will make you doubt their project.
3. Promises that are so good to be true. I don't like this kind of invitations, they usually end up a scam. About 90 percent in my experience. Now, I try to take advantage of them by pulling out if I see profits. High risk but could be profitable if done correctly.

[rhodelmabanal]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The best strategy is to know the team, we need to known who are the team member that build the project, next is the way how they build that project as investors we need transparency and update about how they develope the projects, the concept and what kind of project it is, is it new or is it something like has the same project with the same concept, there are a lot of ways to know scam projects but scammers are also smart they also make a way to make a fake project become realistic so we still need to be careful.

[MAAManda]

Check first on what are they trying to achieve, if it's nothing new then it was likely just to drain investors pocket, check if their team is legit, check if they're connecting with any real people, company or organizations, their white paper and lot more to check. I'm not saying this is always but the likeliness is weighing it that it could be one.

Some of the examples you mentioned are not absolute examples of how to identify a scam project, for example:

- About what the project wants to achieve, there are currently a lot of L-1 projects that want to solve scalability problems, is that something new? of course not, for example the Aptos (APT) or Sui (SUI) projects.

- About the legit team, I want to ask you, is the Shiba Inu (SHIB) project a scam project? because until now the developer of this project is a Pseudonym. It's not, right?

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The easiest way for me to identify a project is a scam or won't last long is by the way they drive the community. If a project only focuses on price, they will 100% scam. I've seen a lot of projects like this, so my opinion is based on my observations of various degen projects.

[Suguha]

By assessing the essence of the whitepaper as it depicts the necessary information regarding the project’s main purpose. Thereby, you will be able to identify the red flags regarding its structure. To be specific, the word choice, grammar, and spelling. It is important, as some scam projects shares similar characteristics when it comes to their whitepaper. Some whitepapers are grammatically incorrect, have wrong spelling, and make improper use of apostrophes. It may seem small, but taking a risk is a crucial decision, so we must consider these things. You can’t easily trust a team that provides such information when they are not even able to effectively and properly communicate their project’s information. 

[rhomelmabini]

Check first on what are they trying to achieve, if it's nothing new then it was likely just to drain investors pocket, check if their team is legit, check if they're connecting with any real people, company or organizations, their white paper and lot more to check. I'm not saying this is always but the likeliness is weighing it that it could be one.

Some of the examples you mentioned are not absolute examples of how to identify a scam project, for example:

- About what the project wants to achieve, there are currently a lot of L-1 projects that want to solve scalability problems, is that something new? of course not, for example the Aptos (APT) or Sui (SUI) projects.

- About the legit team, I want to ask you, is the Shiba Inu (SHIB) project a scam project? because until now the developer of this project is a Pseudonym. It's not, right?

You could have read my latter sentence if you're being intelligent on that stance. I'm also saying they are not an absolute example tbh. There could have been some exceptions of course.

The easiest way for me to identify a project is a scam or won't last long is by the way they drive the community. If a project only focuses on price, they will 100% scam.

You should have known Terra and FTX that wasn't focusing solely on on the price yet they scam their investors. Scammers tend to learn that trick and they are hideous now more than ever.

[irsykes]

some of the people above said there was some truth to it from a material standpoint. but the project is not always clear, the team is legitimate. the project partner is clear, it has not been determined whether a project will run smoothly. maybe what we hope for is the core price of a significant new coin, which will be able to last for how long. because a great project may not necessarily be able to survive in the long term

[Yogee]

How to avoid? Don't invest in any new coins or tokens hehe. It's still not a 100% guarantee but it is the best way. Even scammers can come up with decent looking whitepapers and roadmaps. They can also fool many non-technical buyers just by showing certificate of audit from reputable third parties. We've also seen many times that they can start well and show potential then the rugpull or "we've been hack" comes.

[Rampagoe004]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

[MAAManda]

You could have read my latter sentence if you're being intelligent on that stance. I'm also saying they are not an absolute example tbh. There could have been some exceptions of course.

Ok, no problem, this is just a misconception, but it would be better if you tell more specific characteristics, because the characteristics you mention are the characteristics that some well-known projects have as well.

You should have known Terra and FTX that wasn't focusing solely on on the price yet they scam their investors. Scammers tend to learn that trick and they are hideous now more than ever.

TBH, I can't consider projects like FTX or Luna to be scam projects, because here we are talking about something more specific like a planned scam. FTX or Luna can be described as an accident rather than a (planned) scam. [If you know the actual chronology of the 2 big projects].

[maydna]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I think it's hard to identify new projects that will be a scam because everything looks fine in the initial launch but usually, the projects will start too late to provide updates like they have in plan. But that's not always the case because it's possible that the project ran into some issues before they did the update, making them delay it.

For the better, maybe you don't need to approach new projects and stick to old ones that already have the potential to grow. And if you are confused and don't have any info, you can stick with bitcoin because bitcoin won't let you down.

[judaspriest]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

Correctly detecting the project is a scam or not is not an easy matter,
even if we have done research I don't think it's a guarantee either,
maybe we need to consider a lot of good things on the results of our own research and advice from experts.

[cute nmp]

It is very hard to avoid a scam project nowadays cause there are so many of them.One has to be very careful and make a very good research before investing in any project.You can check the website, whitepaper and find out more about the team.What are the project goals and how they planned to achieve the goals and maintain the project in the long term run.

[abel1337]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

Correctly detecting the project is a scam or not is not an easy matter,
even if we have done research I don't think it's a guarantee either,
maybe we need to consider a lot of good things on the results of our own research and advice from experts.

Of course there's no guarantee but the purpose of research is lessening the risk or eradicating the chances of you getting scammed by obvious scam projects. If you saw that a offer is just too good to be true, dodge it asap. If you found a project that has a good front cover but you see a red flag upon researching, research more about it until you can't stand all the red flag and dodge again. Find a project that can make you satisfied on what they offer and their goals. You as an investor, It is responsible for avoiding scam project and regretting falling into one is your own problem. I hope people knows this since I've seen this kind of thread for so many times now.

[carrie_white]

check everything about the project, but even so, you still can't guarantee 100% that the project isn't a scam project, because it's very difficult to determine whether the project is a scam or not, my advice is don't use all your savings just for crypto projects

[Cling18]

check everything about the project, but even so, you still can't guarantee 100% that the project isn't a scam project, because it's very difficult to determine whether the project is a scam or not, my advice is don't use all your savings just for crypto projects

Nowadays, even scam projects are innovating. They develop their strategies so they would look trusted and legit that even after doing a series of research, lots of victims still fall for their trap. However, knowing everything about a project will still be a big help for us to notice their red flags. We should check the team behind them, the developers, the purpose of the project, and the reviews and insights of people about it. If you are doubtful of a certain project then don't risk high funds on it.

[Jocuserious]

You should research the team development activists with check there all social media account. If you see unactive social account with no any ido planing then you can avoid the project. Otherwise a trustful project roadmap very promising and there team management activity also good. There are many new project so don’t invest with research first them.

[Japinat]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

Correctly detecting the project is a scam or not is not an easy matter,
even if we have done research I don't think it's a guarantee either,
maybe we need to consider a lot of good things on the results of our own research and advice from experts.

Nothing is guaranteed whether if the project is good or bad, that's for sure, it's all the same but the risks entailed on it is not.

Even if we did our own intensive research and asked a lot of experts in the field, it will be the same, and we'll end up on the same risks because the outcome is never a guarantee.

Now, why not invest in bitcoin and other top performing altcoin where the risks are somehow minimized rather than risking our funds into a project that is not known and too risky to invest into.

[daenarys_stormborn]

investing in a new project can never guarantee 100% safe, if you want to avoid project scams, invest in bitcoin or other altcoins such as ETH and BNB, this is much safer

[Wakate]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The Best way to avoid scam project is to make sure that we do research and ask thorough questions before we invest in a particular project. It is true that there are different projects that are being launched everyday for the purpose of making money from the market sales. Same thing happens too when scammer launches project to scam investors of there funds when the project is finally launched.
 We need to know what we are doing before we invest in a particular project that we want to hold. There are people that had lost funds due to investing in the wrong project.

[Captain Corporate]

Maybe just don't invest? I do not mean the low level ones, I mean that there are so many high level ones that you could just invest those. Brand new stuff could turn out to be a scam and there are people who keep on investing into those and that just doesn't make any sense to me at all. I prefer to invest into stuff like bitcoin and then you know that you are not going to get scammed. It just doesn't make sense to keep being worried about the fact that it is going to cause a lot of trouble for you if you keep investing on those brand new stuff then eventually you will get scammed, even if you do not get scammed on each one, if you keep doing it, eventually you will do that and there is no point on risking something like that.

[Fesatmas]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

You need to pay attention to what they mean, especially the 5W+1H formula, namely what, where, when, why, who and how, ha; I think it's quite effective to assess a project as your initial impression of recognizing it, maybe after that you can see in what it's trying to do/is doing in its work, after that you also have to verify their project's supporters and can also ensure that it's working what they do is real and not a project that relies on sentence structure alone, the average fraud does that.

You can check their website. Compare with some projects that have committed fraud and fraud. Scam projects usually follow the same pattern. They design the website as attractive as possible, make a promotions (possibly using funds from previous scams) and they have incomplete expert profiles and do not have valid records on their information. I advise you to study in this forum the history of projects that have been scammed before.

Yes, we have to analyze it directly and compare it with other projects to catch a conclusion, and we need to make sure that the data that they submit is complete from the developers, it gets +1 trust points, and usually it is like that, the result of past fraud in use it for further scams, so be very careful.

[JayTrain]

Research and due diligence are essential when it comes to identifying new projects. Always do your own research, look into the team behind the project, the technology they're using, their roadmap, and community engagement. It's also important to be cautious of red flags such as unrealistic promises, lack of transparency, and a history of failed projects. Learning from the experiences of others in the community can also be helpful in identifying potential scams or unreliable projects.

[o48o]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

If you have to ask that you are better of not buying new projects. Weeding out scams requires experience about the whole crypto token sale field. Knowledge about the tech and different blockchain solutions that already exist. Knowledge on how to do team and company fundamental research.

Knowledge on how to check if the the code is valid. Knowledge about tokenomics, valuation, and existing scams so you don't need to learn everything from your mistakes.

And even if you know all this you might fell into scam, or make money out of scam. (they sometimes rise as well) So if you are not sure on how to avoid scams, save your money and buy eth and bitcoin.

[goaldigger]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Analyze it well, gather informations about that project and look for its community.
You can easily tell a project is scam by doing this but of course there are professional scammer who makes the project more realistic so there’s still a risk for new projects. If you really want to be safe then invest only on a coins that is already listed in the market.

[lalabotax]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Never trust any project that promise you very high thing. Moreover new projects, if youbare new investors, it is better to stay aaway from this. But if yiu are going to take higher risk, jist use small amount, so if the projects are not successful, yoi are still okay.
Btw, scamers commonly also do their great jobs to make their projects seem like very legit projects, moreover they sometimes also create fake telegram group and other social media to look like real. They also create convoncing Whitepaper and sites. That is why, always be careful and never believe too much in the new projects.

[WalkerIVIV]

only invest in a project coming from developer that seem to have good background like they are alumni of some prestigious university then you will likely encounter good project with such developers.
even better if the project was also funded by the likes of coinbase, and binance.

[Wiwo]

only invest in a project coming from developer that seem to have good background like they are alumni of some prestigious university then you will likely encounter good project with such developers.
even better if the project was also funded by the likes of coinbase, and binance.

It will be hard to fine such types of developers in the market today as most of them are already engaged with one project or the other that are already gaining reactions, most of the developer that are launching new projects lately I most likely to be newbies in the business without any experience unless the old timers that want to break away from their current project to start up a new one which may likely not be a success as per se on the long run.

[milewilda]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Never trust any project that promise you very high thing. Moreover new projects, if youbare new investors, it is better to stay aaway from this. But if yiu are going to take higher risk, jist use small amount, so if the projects are not successful, yoi are still okay.
Btw, scamers commonly also do their great jobs to make their projects seem like very legit projects, moreover they sometimes also create fake telegram group and other social media to look like real. They also create convoncing Whitepaper and sites. That is why, always be careful and never believe too much in the new projects.

One of the shadiest things that you should see this as a red flag already on which devs are telling about some projection of huge or high value or prices for the project outcome or value in the future.This is something
that you should really be that wary and be avoiding on things and this alone would really be that signifying that you are dealing with a scam project. Always DYOR and making your in depth analysis and research
about the project. Its not only just reading up its roadmap or whitepaper but also trying out to study their codes or contracts whether there's some shady inside is happening
like those buy and selling contract integrations which slowly shows up some rug pull specially if the coin is still on dexes.

only invest in a project coming from developer that seem to have good background like they are alumni of some prestigious university then you will likely encounter good project with such developers.
even better if the project was also funded by the likes of coinbase, and binance.

It will be hard to fine such types of developers in the market today as most of them are already engaged with one project or the other that are already gaining reactions, most of the developer that are launching new projects lately I most likely to be newbies in the business without any experience unless the old timers that want to break away from their current project to start up a new one which may likely not be a success as per se on the long run.

Most of projects do run into those unknown or anonymous devs which its really hard to trust up and fund up with these kind of projects. You cant really be able
to come after of your funds once you had been scammed. In todays time where lots of scam projects had been existing where rug pulls are common
and scamming away investors is really not that something new.

[bitkanu]

you could literally just invest in the verified project under the IEO of famous exchange like binance and even kucoin and you're set.
those projects have been carefully reviewed and meticulously selected best among the other and will definitely have good future than the rest.
but there also come downside of it usually you get your investment locked for centuries which potentially make you lose your chance of gaining profits.

[Wiwo]

It will be hard to fine such types of developers in the market today as most of them are already engaged with one project or the other that are already gaining reactions, most of the developer that are launching new projects lately I most likely to be newbies in the business without any experience unless the old timers that want to break away from their current project to start up a new one which may likely not be a success as per se on the long run.

Most of projects do run into those unknown or anonymous devs which its really hard to trust up and fund up with these kind of projects. You cant really be able
to come after of your funds once you had been scammed. In today's time where lots of scam projects had been existing where rug pulls are common
and scamming away investors is really not that something new.

Some of the shady projects may even make their team member identity unknown or use a fake team just to lure potential clients, this is popular among most recent projects that are busted for scams in various degrees, so I won't take team and developer as a best standard practice to know a reputable and potential project.

If I must invest in any project, what I normally do is to make sure I follow up with the project right from its token sale era till it gets listed on multiple exchanges and gains traction with enough volume before I buy some and hold for a while and that is subject to what their usercase are and what proven real-life problem there have solved.

[rhomelmabini]

TBH, I can't consider projects like FTX or Luna to be scam projects, because here we are talking about something more specific like a planned scam. FTX or Luna can be described as an accident rather than a (planned) scam. [If you know the actual chronology of the 2 big projects].

For FTX I think it was just some bad decisions internally andfor Luna I don't think that was just accidental. Do Kwon was likely being hideous that he really is planning to scam his investors, there has been some signs that it was an obvious scam, I just can't remember that twitter thread anymore though, it was likely the same thing with Bitconnect. Moreover, I don't think there's something as accidental, if they scam people then they're scammers.

[smile1218]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Yes there are so many projects launching day by day. To avoid a scam project you have to research first and read their white paper to see their goals and how they will establish the project. And also check the credentials of the people who are managing the said project, do you think they can be trusted? We need to do extensive research on a particular project we are interested in investing. We need to be smart and vigilant before we get in to an investment so that our investment will be worth it.  

[danherbias07]

My trust in new projects in the altcoin industry is down. It happens when you are rug pulled twice and scammed once. I think the losing experience will make you a better investor and it's the best teacher rather than any tips they are giving out there.

Looking for a gem is not easy today with lots of projects being created. Scams cannot be avoided anymore as they are getting better at making promises and faking their identities. A new way to identify scams is not about what is written on paper anymore.
Find lawyers and vloggers who are dissecting them and they might bring light to the purpose of those scammers. The very least we can do as investors is an early exit rather than losing it all. Forums like this and discord/telegram pages can also help with the community trying to corner them until they make a wrong step.

[coin-investor]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

There's already a lot of advice and discussion about scams and the best to check them all is the
Scam accusation board

Here on this board members will guide you on where to see the signs and where to look, usually they are faking their whitepaper and the development team are fake people using popular accounts on LinkedIn.
If it's crowdfunding better away, until you have proven beyond doubt that the team and the whitepaper are true and legit and the platform that they are going to create will benefit the whole industry.

[JeffBrad12]

My trust in new projects in the altcoin industry is down. It happens when you are rug pulled twice and scammed once.

usually i think, coin that could rugpulls are just those shitcoin with some random tokenomics, never once i've seen some coin that's good, with real tokenomics, even verified by certain platforms, could ever make rugpull, i mean maybe there's some case such as that and very few at that also, but the thing is, always invest in a coin that's good, whether from the background of the devs, even the fact that it got partnership from good companies like mysten labs, even partnership with binance.
there's reason why project like sui getting massive recognition and is being invested by many, their devs was formerly at diem project, because it failed they decided to move on and created even better project, that alone already could make many trust them, and in turn, many are getting profit and not getting rug pulled at the end of the day.

[TastyChillySauce00]

Yes there are so many projects launching day by day. To avoid a scam project you have to research first and read their white paper to see their goals and how they will establish the project. And also check the credentials of the people who are managing the said project, do you think they can be trusted? We need to do extensive research on a particular project we are interested in investing. We need to be smart and vigilant before we get in to an investment so that our investment will be worth it.  

Whitepaper meant nothing right now. It's better to see that from another aspect like team, code, etc. It's very hard to determine the scam project this day caused by scammers are always discovering more and more new wasy to scam other.
The only thing that must be noted if anyone must use their due diligence before try to buy something in the market. There are so many scam coins in the market right now. We must always be careful with it.

[GreatArkansas]

(....)
How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Before making an investment in any cryptocurrency project, do your homework and research carefully. Always verify.
Any cryptocurrency forums or social media will help you, like there is some community where you can ask about a particular project, just like on this forum.
Be wary of unsolicited messages, and claims of high returns. These safety measures will help you stay safe from cryptocurrency scams.

[posi]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

There is no fixed formula or method for detecting a scam project, it's all relative. Scams in the crypto market are not new and extremely difficult to deal with, we cannot tell which projects are scams until they scam us. Like the fall of Luna and FTX, both are reputable projects in the market, and we only know they are scammers when they trick us. To avoid scams, the only way is don't invest in altcoins, don't be greedy, and want to get rich quickly. Just invest and be loyal to bitcoin only, you will never be scammed.

[Kelvinid]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

And talking about identifying well, that is hard to do knowing that scammers are smart too. They keep improving their strategies which makes it hard to detect if it was a scam until someone claims that they got scam. It is too unfortunate that yeah, someone had to lose their money before the community become aware of the situation. And I believe that everyone is aware of this thing but guess what, because of greed and the instinct of many people to -instant rich, many still fall into scam projects.

[lobo13hf]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

The scammers are always giving bullshit promises. He was using the words to fool people. It's always too good to be true. People can easily detect it as long as they do know that so well how it's working right now. The problem is so many people are not even aware about that.
You would able to see there have been a bunch of people keep believing with scammer's words. I think that they were uneducated person in crypto.

[bluebit25]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

From my own experience, I think the first is that everyone has been a victim of such projects, and too many times like that, we will learn from our own experience.
What scam projects take advantage of is always really effective when people are ignorant and like to hear clichés about opportunity. In fact, success is not easy and it takes more learning, in the crypto market, scams are very common and many different ways. But there are some things that I can easily see that are common right now are ambiguity in product feature introductions, anonymous teams, improperly distributed tokens, meaningless trends, etc. There are many other sophisticated ways to steal users' information, so newbies need to disseminate this knowledge before thinking about the profits to be made, don't expect low quality projects,remember the really top products like BTC, ETH are worth spending time researching and hoarding don't use the excuse of not having enough capital to buy and spend on the trash of the market.

[Silberman]

I advise you to look at various reviews from experts in the crypto field. In my view it's a little difficult to see if the project is a scam or not. I don't understand how scammers work but what I see is they offer amazing numbers. They offer amazing returns that are earned in no time.

The scammers are always giving bullshit promises. He was using the words to fool people. It's always too good to be true. People can easily detect it as long as they do know that so well how it's working right now. The problem is so many people are not even aware about that.
You would able to see there have been a bunch of people keep believing with scammer's words. I think that they were uneducated person in crypto.

Over the top promises when it comes to the performance of their coin is a sure fire way to know if a project is a scam or not, bitcoin the most successful coin in this market and his creator never made any statements regarding the profitability of the project, Satoshi left to each person the decision of whether to invest in bitcoin or not, while scammers take the opposite approach and make all kind of promises, as more than anything they want for their unsuspecting victims to buy their coins so they can run away with whatever money they got from them.

[moneystery]

For FTX I think it was just some bad decisions internally andfor Luna I don't think that was just accidental.

But the two CEOs have something in common, they are both arrogant, pretentious, feel like they are the greatest, and know the most about crypto. That's what I hate the most of these two people. So it's a good thing both companies went bankrupt, because the crypto market is too saturated with people like that.

[podluznyj]

investing in a new project can never guarantee 100% safe, if you want to avoid project scams, invest in bitcoin or other altcoins such as ETH and BNB, this is much safer

it is almost impossible to avoid fraudulent projects, since it is difficult to make sure that the project is not a scam, there are checks and sites where you can see information about the project, but this also does not guarantee that the project is stable

[ethereumhunter]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

And talking about identifying well, that is hard to do knowing that scammers are smart too. They keep improving their strategies which makes it hard to detect if it was a scam until someone claims that they got scam. It is too unfortunate that yeah, someone had to lose their money before the community become aware of the situation. And I believe that everyone is aware of this thing but guess what, because of greed and the instinct of many people to -instant rich, many still fall into scam projects.

Scammers are now getting smarter at tricking people so that people will not realize that scammers are targeting them. To prevent this from happening, it is better that we don't try to invest in that new project or if we really want to invest in a new project, we should not use big money so that if something bad happens, we are still safe and okay. Someone unwilling to research for a new project will only end up experiencing scams from the new project. So we have to be careful.

[mich]

Well yes there is so many projects and new coming out all the time. We have to know some of them will be scams and take our money and stop replying to us or the project will go to zero dollars.

For me it is important to see what the project plans are for future. Does the project have a good white paper and team. Is it a project with a real plans and not just project to sell us cheap tokens so it can pump n dump and then just disappear.

[Lorence.xD]

There's different type of projects but for my experience in the NFT, scammers are spread they could even make a false advertisement and announcement that people would fall for it. Their social media accounts and even discord where the community gather for whitelisting. For you to know if they are not rugpulling or scam you could check their team if it's legitimate nft project makers. Also their social media account if they are connected to the team since some of the projects only have Twitter but doesn't have discord. And people love to mint so when someone send them link they could get scammed. Just report them to mods for their IP address could get banned.

[Bobrox]

Its not easy to identify about scam or trust project exactly for the first time launching, but I don't interested for investing with new project without listing or launchpad on bigger exchange like Binance, Kucoin or other bigger exchange. For project only support or partner with dapp exchange I am not interested yet and better not joining on the early without having good roadmap and guarantee will list on bigger CEX exchange market.

Usually with trusted project they have announce on the early about how many partner have and always with bigger or potential project with their partner.

[bitcoin-shark]

To avoid a scam project, it is important to do your own research and not rush into any decisions. Be wary of anyone who pressures you to pay or give personal information. In the case of cryptocurrency projects, be cautious of investment scams, phishing attempts, and pump-and-dump schemes. To avoid these scams, keep your keys secure, review the team and tokenomics, and stay up to date on laws and regulations. Additionally, be cautious of tips or recommendations from unverified sources and always verify the credibility of the project and team before investing

[$crypto$]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

@Mr. Magkaisa has made step by step to identify about the project maybe this will help you a little in doing his research.

Referring to his thread - Step by step in " DOING YOUR OWN RESEARCH"

You have to be able to choose which one you think is good if you want to be interested in investing in a new project because this will be a high risk and you have to be prepared in all respects if the project is good in your opinion but in the end it ends up being a scam.

[Ojima-ojo]

My trust in new projects in the altcoin industry is down. It happens when you are rug pulled twice and scammed once. I think the losing experience will make you a better investor and it's the best teacher rather than any tips they are giving out there.

Personal experience is a very important lesson that can teach you a lot and help shape your investment decisions and risk assessment ability,  unlike relying on the advice of others to make such a decision and this is what has led to many losses that have occurred.

Altcoin investment is high risk and it requires loads of research and findings to discover a potential one because tons of those altcoin projects are all scams and their hire influencers to help deceive potential victims but if you have been a victim before you will be extremely careful not to fail into such project again.

[raidarksword]

DYOR will always be the first thing to do because anything you will decide will be the output in the end. Always look what the project is all about and on how they will have a useful use case for the crypto community. Team must be visible, has great partnerships and got some decent VC if applicable at the moment.

[ultrloa]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Although its hard to spot a scam since even those project which have good presentation turn to be a scam project. Much better if you read their whitepaper to see is their content have relevance and they have good trajectory om everything they present.

If you find them up posting some shady then you can find them as scam and you can avoid it. Also gather more information by searching a feedback coming from legitimate user since its very helpful.

[gurunanakji777]

It can be difficult to predict exactly, but we can get an idea by checking a few details. I have generally noticed that some projects are launched but are not very active on social media. This indicates that the project may not have any updates regarding its progress, and social media is used to attract investors. If a project is not active on social media, we cannot expect much from it, and we should check to see if the team behind the project is anonymous or composed of real people. Additionally, it's important to check the whitepaper. Some new projects don't have a whitepaper yet and may only have a "coming soon" message, so it's up to us to decide whether to join the project or not. Even if there is nothing new in the whitepaper compared to other projects, it is still a concern in my opinion. In addition, if it seems that this project is a copy of previous projects, one should conduct thorough research before investing.

[yazher]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

This kind of knowledge is really hard to share unless you already read some topics on the scams and accusation board. you will see some traits of scam projects there and also some certain persons and you will gonna know how they execute their scams and lure their newbie investors into investing in their projects. You might not want to be in the same position as them because they lose huge amounts of money believing in some sweet words from influencers that were feeding them some false promises and fake news.

[Iadegbola34]

Scammers are always coming up with new cryptocurrency-based schemes to steal your money. Here are a few things to be aware of in order to prevent a crypto con.

• They reach out to you first. If you receive any strange message asking you to send some coins to claim some reward. They are 99.9% a scammer.
• If the reward is too good to be true. They always promise an enormous ROI on the money they intend to scam you of.
• If you don't have to do anything to receive a reward. There's a saying that, if you're not paying for it then you're the product. The 'paying' outside literal context can be any effort on your part deserving of such reward.
• If they ask for your private keys. "Not your keys not your coins" is a popular crypto phrase and if anyone should be in possession of your coins or keys it should be you and only you.
• They send you random links. It is pertinent to note that, you should not click any link from any stranger as they might be phishing links or a keylogger.

These and many others are obvious red flag to identify a potential scam. Even if they're not as obvious as these, trust your gut feelings as most times you would be right.

Others opinion are highly welcome on how to know and avoid scams.

This is a thread I made on how you can avoid scam projects.

[Raflesia]

It can be difficult to predict exactly, but we can get an idea by checking a few details. I have generally noticed that some projects are launched but are not very active on social media. This indicates that the project may not have any updates regarding its progress, and social media is used to attract investors. If a project is not active on social media, we cannot expect much from it, and we should check to see if the team behind the project is anonymous or composed of real people. Additionally, it's important to check the whitepaper. Some new projects don't have a whitepaper yet and may only have a "coming soon" message, so it's up to us to decide whether to join the project or not. Even if there is nothing new in the whitepaper compared to other projects, it is still a concern in my opinion. In addition, if it seems that this project is a copy of previous projects, one should conduct thorough research before investing.

On the other hand, we also can't just be hooked on that, especially now that social media activity can also be manipulated, even seeing that several accounts with verified and large followers can also be used as a means of actual fraud for now.
When talking about things like this, foresight is indeed very important because indeed things like this will be very difficult if we are really looking for projects.
Being in a project that is more certain and which is guaranteed is of course better if you really don't want to feel like you've been hit by a scam or other fraud, but if you really want to try something new then inevitably we have to be as detailed as possible so that what what we do, and what we invest is not in vain because looking for a good project at this time is like looking for a needle in a haystack considering the many scam projects that exist every day.

[FahriZah]

This Topic Is Very Important Topic And Really Every People’s Need To Know How To Avoid Scam Project And First Of All Need Ti Finding How To Selected Which Projects Are Scam And Which One Real Project Just Need To Use Own Brain And Need To Check And Cross Check Agin.

[isaac_clarke22]

On the other hand, we also can't just be hooked on that, especially now that social media activity can also be manipulated, even seeing that several accounts with verified and large followers can also be used as a means of actual fraud for now.

Promotions in social media are like random. You never know who's paid just to gain exposure for the project and who has the pure intention. It is just a matter of use case and doing somehow a Github repo peek in their project. Surely you would see how many contributions were made within a month or how commits were made in a particular day.

Considering Twitter already had blue tick icon, it might help investors know which are pretty legitimate and which are not but it's not the only indicator of knowing if it is a scam or not. It would be just a cheap subscription for people in a first world country anyway.

This kind of knowledge is really hard to share unless you already read some topics on the scams and accusation board. you will see some traits of scam projects there and also some certain persons and you will gonna know how they execute their scams and lure their newbie investors into investing in their projects. You might not want to be in the same position as them because they lose huge amounts of money believing in some sweet words from influencers that were feeding them some false promises and fake news.

Everyday there would be always newer ways for those scums to scam people, so I won't just rely too much on other people's Scam Accusations. If the project isn't mentioned in the Scam Accusation, I would remain skeptical to the project regardless.

[blockman]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

When it's obvious that the project has nowhere to go. Someone can go in depth of research and can see that the people behind it seem to be the same people that we see on LinkedIn where they could have grabbed their photos.
That's why looking at the website and contents of it is a way to determine if a project should be avoided and from that, it'll be like a life savior for you when you have found out those type of red flags.

[dunfida]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Although its hard to spot a scam since even those project which have good presentation turn to be a scam project. Much better if you read their whitepaper to see is their content have relevance and they have good trajectory om everything they present.

If you find them up posting some shady then you can find them as scam and you can avoid it. Also gather more information by searching a feedback coming from legitimate user since its very helpful.

Try to find any red flags as much as possible, im aint saying that suspicious mindset is needed but you would really be needing to since we are talking or speaking about investment which it is really just that right
that you should really be having that assurance before you would really be making such step or investment decision. Yes, its really hard to determine scams on first launches considering that they are really
that good on hiding themselves and trying out their best to look them legit and really that a solid project on where those newbie investors would be easily
get hooked up just because they do been shown up with some multipliers on how big their investment would become.

DYOR will always be the first thing to do because anything you will decide will be the output in the end. Always look what the project is all about and on how they will have a useful use case for the crypto community. Team must be visible, has great partnerships and got some decent VC if applicable at the moment.

Always stick into project into having that their use case and have that dedication specially into its devs and something not anonymous. You would be able to point
out those criterias on where you could say that there's really a future for this project and not just some fly by night which we had seen lots of
them from the past up to now.

[panganib999]

Detecting scam projects aren't getting any easier, as some of these buffoons learned to acquire some traits and quirks that legit projects hold. But there are still a couple of tell-tale signs that a project is a sham and is there to rip you off.

Too good to be true: if a project promises something that you know is a little bit fantastical and is something that you don't have any confidence of ever becoming real in the future, you could be true. As such, projects that offer stupendous returns, features, or benefits should be avoided.
Profit-centric: This isn't as tell-tale as I made it out to be, but hear me out. Most projects out there offer more than just profit. Gameplay, community, etc., could be good additions to a project's arsenal. If they solely offer profit and nothing more, then the project could be a cash-grab that wouldn't really last long, or worse, it's a pump and dump/rugpull scheme waiting to ripen.
No transparency: If a project's team omits details you think as an investor is something that you should know, or worse, they don't listen to the public, then it could be a sign that the project you're in is not gonna be there for the long run, and is only there most likely for profit.

[The Cryptovator]

Many fraudulent projects tend to launch on Decentralized Launchpads or self-launch, rather than reputable Launchpads like Binance Launchpad or Kucoin Spotlight. It's important to note that selecting a reputable Launchpad is crucial. While it's possible for anyone to launch a project on a decentralized Launchpad, centralized Launchpads require more research. Although we value the decentralized nature of Bitcoin, it's essential to be cautious about the initial investment on a new project. I'm not promoting centralization, but rather expressing concern about potential risks associated with investing in new and unknown projects.

[ichsan ardi]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

according to my experience, before plunging into a newly launched project, we must do analysis and research first so we don't get scammed, don't listen to other people's words, don't be fomo, do your own research on the project you want to run because no one can predict that the project will successful or scam so stay careful

[Psynthax]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

according to my experience, before plunging into a newly launched project, we must do analysis and research first so we don't get scammed, don't listen to other people's words, don't be fomo, do your own research on the project you want to run because no one can predict that the project will successful or scam so stay careful

thats true but even that require some skills in determining which project could be turned out to be some scams, there are many that have done analysis and yet get rugpulled, there are many angles where these scammers could always use some trickery, whether it's from tokenomics and many more.

[fvb]

You will never be sure if this is a good project or scam. We join and only then we can say after the analysis having studied the project from and to

[Questat]

Many fraudulent projects tend to launch on Decentralized Launchpads or self-launch, rather than reputable Launchpads like Binance Launchpad or Kucoin Spotlight. It's important to note that selecting a reputable Launchpad is crucial. While it's possible for anyone to launch a project on a decentralized Launchpad, centralized Launchpads require more research. Although we value the decentralized nature of Bitcoin, it's essential to be cautious about the initial investment on a new project. I'm not promoting centralization, but rather expressing concern about potential risks associated with investing in new and unknown projects.

Whether it was in a decentralized or centralized platform, we are still cautious and do the deep research as possible. Because many scammers try to trick people by pretending that they are trusted projects and sometimes got involved with reputable exchanges but in the latter part, they'll turn into scams. Too sad that it was hard to trust new projects launch when the bull season is coming. I hope I was wrong but most of them are hyped and scam.

[poodle63]

You will never be sure if this is a good project or scam. We join and only then we can say after the analysis having studied the project from and to

It can be identified easily. As long as you were conducting it based on the various benchmark. It's very easy for the veteran to determine it. I meant you shall also aware with the fact that if these days many people are still able identifying the scam project before the project will be launched. The only thing that is needed to be a dicipline person caused by it required you to be a very selective person.

[Supianto]

You will never be sure if this is a good project or scam. We join and only then we can say after the analysis having studied the project from and to

Bruh. You can identify scams if you do research. Yeah, sometimes things like LUNA or FTX may happen, but most scams are more obvious. Most of the time if someone is trying to make you buy something it means that it's either a scam or that person is getting paid for promoting it. Bitcoin and, I guess, Ethereum are the only exceptions.

[Dr.Osh]

there is no other way to check whether a project is good or not, has potential or not, scam or not unless we do in-depth research on the project. Checking is also not only done once, but is done periodically. because some new projects sometimes look very potential at the start of sales, or launch, but after a while, the project will slowly be abandoned by its developers. besides that, some projects also have good concepts, but the team is not clear, or even, they are projects with dummy concepts. Another important thing is, after you do research, and find obstacles, I think the risk level of the project will increase. Whether it's a potential scam or not depends on the results of the research you've done.

[Teraboy]

If it's IEO like from binance, you shouldn't worry about avoiding a scam, you should worry more about the prospect of the project whether the investment gonna gets vested and whether at the time the vesting was finished your investment will still retains its value.
honestly anyone that's worry about getting scammed should just stick with binance and some similar platform IEO, since the scams in many fundraising is so rampant.

[TastyChillySauce00]

If you are smart enough and it's very easy to avoid the scam projects. These things are always related to the scam projects

- offering to good to be true promise
- it has horrible tokenomic
- anon dev or the dev has not been doxxed
- its group was full with bots

I think that those things are enough to be used as a way to determine whether that was a scam project or not. You can even explore more to know what kind of project that potentially to be scam project.

Theory itself is not enough but you shal try to implement it in your real life.

[Andrija Branislav]

If you are smart enough and it's very easy to avoid the scam projects. These things are always related to the scam projects

- offering to good to be true promise
- it has horrible tokenomic
- anon dev or the dev has not been doxxed
- its group was full with bots

I think that those things are enough to be used as a way to determine whether that was a scam project or not. You can even explore more to know what kind of project that potentially to be scam project.

Theory itself is not enough but you shal try to implement it in your real life.

True, simple advice I think is very appropriate especially for beginners to avoid fraudulent projects like you mentioned by looking for warning signs as written above what I don't like the most is the last point the project's online community is filled with bots or fake profiles.

[el kaka22]

The easiest way to do it would be making sure that you are doing the right thing by checking it twice. If you ask around, talk to people who are both in the community of the scam project but also out, learn why someone invested into it, and learn why someone would never invest into it, and compare the logics about it.

Someone who would never invest into it will tell you all the reasons why you should avoid it, if it makes sense and you feel like you should avoid it as well then you are going to be fine, but if it doesn't make sense and you feel like you should not avoid it, then it may go towards the other side, for that you talk with someone who already invested into it and learn their reasons, if that makes sense and you feel like you should too, then you could start to put a bit in there.

[touseefahmad1999]

Yes, it's true that there are many new projects launching in the cryptocurrency space every day, and it can be challenging to distinguish between good projects and scams. Here are some tips that can help identify potential scams in the cryptocurrency space:

Do your research: Before investing in any project, it's essential to do your research and understand the project's fundamentals, including its whitepaper, team members, and roadmap. You can also check out the project's social media channels and online forums to gather more information and feedback from the community.

Check the team's background: It's crucial to research the project's team members' background and experience. Look for projects with a reputable and experienced team that has a track record of successful projects.

Analyze the project's technology: Check the project's technology and its potential for innovation. Be wary of projects that promise unrealistic returns or use buzzwords without any substance.

Evaluate the project's community: Look at the project's community and its engagement. A strong and active community can indicate a healthy and legitimate project.

Be wary of promises: Be cautious of projects that make grandiose promises, such as guaranteed returns or high profits. No investment is entirely risk-free, and high returns often come with high risk.

[SmartGold01]

From my view and very best understanding on how long I have spent here it's hard to detects the real project or the scam project. First there is no internal communication or mind sharing to know what they had internally because it's very easy for some project owners to show their faces and draft all forms of lies to come deceive their investors, within yourself your are convince of them being good project. Believe me or not the fake projects are they ones who tried to make their project looks authentic and very unique for investors to be convinced and invest their funds. Secondly when ever the projects team began to lock their telegram group then you should know you have been scammed they did that for questions not to be much on them.

[Cornia]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Research should be done first to know about any project. Then you will understand that is it a good or scam project. Some of the features of Scam Project are:
1. Fake team members.
2. Shaddy roadmap.
3. Plagiarized whitepaper.
4. Fake followers in social media etc.

[gunhell16]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I have seen many people who made guidelines here in the forum on how to avoid scam projects. And I think you are not reading properly here on the forum platform and you are just making a topic without thinking carefully.

Everyone knows what to do first so that you don't become a victim of scam projects. And that is nothing but applying dyor {do your own research}.

[domoy77]

Research should be done first to know about any project. Then you will understand that is it a good or scam project. Some of the features of Scam Project are:
1. Fake team members.
2. Shaddy roadmap.
3. Plagiarized whitepaper.
4. Fake followers in social media etc.

Some of the points already mentioned are the important analysis of reviewing new projects to avoid scam projects and we can never be deceived by hype coins offering high profits, so we often review new projects so without doing a deital analysis we can already distinguish potential coins or scam coins, especially reviews on project website, technical posts on social media, active members on telegram, and trusted project partners.

[Yatsan]

Unfortunately,you will only know a project would be a scam once things are indirectly announced by the project itself; sudden inactivity, and other rugpull related actions by the project itself. So I'd say there's no way to really avoid such kind of projects but there is for sure a way to lessen the risk falling for this scheme. Do a background checking for people behind the project including its team and also overall popularity of the project. On my end, I tend to read articles about a project of interest in order to help me decide wether I would engage into it or not. I also do tend to read news and other related projects to that project in particular which somewhow for me, adds to project's credibility.

[Dessy88]

In fact, it is difficult to choose which project will scam because many times it is seen that the best projects suddenly become scam. But we always want the best project to invest and you should be wise. At least how fast a project's development organization is can tell the future of the project. All the tasks they promised should be done on time and how professional the CEO is that project.

[Shamm]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

As of now yes you are right there are many projects has neem launch yet but we don't need to trust them all it because some of them are scammed project maybe it will work a couple months but in the end they will leave you empty handed so we need to be careful dealing with projects. And there's only way to find out if they are scam or not do a research deep more and for sure we will know how does the project go.

[amihada]

for those who have joined the bitcoin talk project, of course they are no strangers to scam projects and surely you have been trapped in this project. I have experience joining a new project and at that time I was very disappointed because I had high hopes for that project. Now, when I join the project, I see that the manager is a habit. If the manager is big and has handled many projects, there are rare projects that are scams, but if the manager is new, there is a possibility that the project will fail or be scammed.

[Ziskinberg]

The easiest way to do it would be making sure that you are doing the right thing by checking it twice. If you ask around, talk to people who are both in the community of the scam project but also out, learn why someone invested into it, and learn why someone would never invest into it, and compare the logics about it.

That is why I don't want to get involved in a community in a certain project that only talks about a positive view as it only influences my mind to invest with them and take our money. Because these scammers will hire influencers to promote their project, perhaps they are very convincing which is why many people had fallen into investing in the wrong projects. To avoid scams we must have to do thorough checking, particularly the nature of this project and how functioned. No working product is barely not going to succeed and a scam is very possible to happen.

[sulendra12]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The difficult thing about recent new projects are that even though they look legit at first, but at the end they could turn away from you 180° and then scammed you off. It's been a trend in recent new projects, starts from they fail to maintain the price so they abandon the project they already fulfilled the "goal", bad project teams, scammers, etc.

You can start to check from the whitepaper, the legitimacy of those people that working as a team(they could impersonate as famous person out there just to scam you), the usage of that project, etc. It's started from reading it carefully and you will know the pattern that differentiate between good and bad projects.

[Huppercase]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

When you are searching for a project to invest but scared, there are many red flags to look out for, but their presence does not guarantee complete satisfaction with the project. If you are unsure about a token's transparency when making a purchase, you should investigate the team's background to determine if they are legitimate and worthy of investment, or if you should move on to the next project.
You should also verify the authenticity of the project to ensure that it is not just hype, but a valuable asset that can withstand market fluctuations in both bullish and bearish conditions, especially if you plan to hold it for a long period of time. Finally, you should also review token allocations to ensure that the team does not scam you by selling all of the tokens and then later run away.

[carlfebz2]

Yes, it's true that there are many new projects launching in the cryptocurrency space every day, and it can be challenging to distinguish between good projects and scams. Here are some tips that can help identify potential scams in the cryptocurrency space:

Do your research: Before investing in any project, it's essential to do your research and understand the project's fundamentals, including its whitepaper, team members, and roadmap. You can also check out the project's social media channels and online forums to gather more information and feedback from the community.

Check the team's background: It's crucial to research the project's team members' background and experience. Look for projects with a reputable and experienced team that has a track record of successful projects.

Analyze the project's technology: Check the project's technology and its potential for innovation. Be wary of projects that promise unrealistic returns or use buzzwords without any substance.

Evaluate the project's community: Look at the project's community and its engagement. A strong and active community can indicate a healthy and legitimate project.

Be wary of promises: Be cautious of projects that make grandiose promises, such as guaranteed returns or high profits. No investment is entirely risk-free, and high returns often come with high risk.

This might be little derailed topic but i do know on what are those common factors or criterias which you would be needing to check it out even when you do deal up with degen or shit coins in the market.
Im also a fan of making myself some investment into those meme coins which are mostly been listed on Poocoin or simply with DEX on which prices are really that into their lowest or start up
which it would really be a hit or miss and in speaking about scam projects then there are lots into this kind of space but somewhat if you do able to hit up the right one then it could bring out 10-30x easily or more.
Basing up on the hype and marketing of a certain project.

Thing here is that you should really be knowing first on whats their real use case. Sometimes those having zero tax tokens are really indeed that getting that much attention
but there are moments that even 10/10 is really that being considered out when it comes to buy and sell taxes which i could say its too much but
when we do speak about earning on reflections then it is really that worth.

[Mehedi72]

Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media  if they are using fake followers or not. And so many things you should have to notice to find them out

[Silberman]

Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media  if they are using fake followers or not. And so many things you should have to notice to find them out

While most projects will fail your due diligence in a matter of minutes, when you consider there are thousands of coins out there suddenly the task of finding a good project seems incredibly daunting, and even if you find a coin that eventually pass all your tests instead of being happy of finally finding a coin that did, you will be suspicious about it, after all if you can check all of those things then it is possible for the developers of that coin to find a way to fake all of that information, pretend to be a legitimate project and still be a scam at heart.

[naikturun]

Whitepaper: Read the project's whitepaper to understand its goals, technology, and use cases. Look for a clear and concise explanation of the project's mission, how it works, and what problem it aims to solve.
Team: Research the team behind the project. Look for their experience, credentials, and track record in the industry. Check their social media profiles and professional background to see if they have a history of involvement in reputable projects.
i think 2 of this is the most important thing, there are still many clue but you must focus more on this and check it very specific.

[loopes]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Based on my experience, some times we do not know certainly or be sure one hundred percent on projects that have analyzed by us. Even if the projects completely meet to all of aspects that we have analyzed. But at least we should keep analyzing the projects what would happen in the future regarding to the legitimate of the project. We can follow this step: 

• First of all, Read the white paper of the project care fully. What is the goal of the project, vision of the team, how the core business works 
• assess the claims that were mentioned on the white paper.
• Looking carefully at the team behind the project and how their background. 
• asses how feasibility of the project. Their promised return of investment is achievableor not

[mirakal]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The difficult thing about recent new projects are that even though they look legit at first, but at the end they could turn away from you 180° and then scammed you off. It's been a trend in recent new projects, starts from they fail to maintain the price so they abandon the project they already fulfilled the "goal", bad project teams, scammers, etc.

You can start to check from the whitepaper, the legitimacy of those people that working as a team(they could impersonate as famous person out there just to scam you), the usage of that project, etc. It's started from reading it carefully and you will know the pattern that differentiate between good and bad projects.

It might take some time before you can actually verify if they are really legit or not because aside from looking at the whitepaper, there other factors as well that you need to verify like having your own research and getting some fresh opinions from other investors before confirming their legitimacy. But if you're really into new projects then you should gather all the facts first even if that will take some of your precious times just to make sure that your investments will be safe.

[Reatim]

Focus in old project, and try avoiding new project that has questionable team because mostly those are the one that run
By the same team rhat had been dominating project after project
And taking investors money. And what i can tell? Forget being greedy and that is the main point here. Not to ve greed is not to be scammed.

[Xal0lex]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

This has already been told a million times, but I'm not sure people will be less likely to fall for such projects after that. Always look at the team, the investors, whether there are investment rounds, look at token distribution methodologies, the roadmap, where the token is listed, on which exchanges it is traded.

99% of scam projects have none of this. Do not make a decision about investing based only on the project concept, always look at the real figures, they will tell you much more about the project than sweet speeches from white paper, which can be stolen from some other project.

[SirLancelot]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

And talking about identifying well, that is hard to do knowing that scammers are smart too. They keep improving their strategies which makes it hard to detect if it was a scam until someone claims that they got scam. It is too unfortunate that yeah, someone had to lose their money before the community become aware of the situation. And I believe that everyone is aware of this thing but guess what, because of greed and the instinct of many people to -instant rich, many still fall into scam projects.

You said identifying scam is hard? That is true, so don't blame that someone can get scammed because not all of them are investing on a shit project but they also make sure that what they investing is a quality one. It's just that shit can happen sometimes. Luna, FTT, and so many projects who started great are an example to this.

Not all who invest have one thing in mind, and that is to become instantly rich because they know that it was hard even for a legit project but they only invest to earn something in the future. Getting scammed is part of the risk in investing so one should not over think about it but they can just move on and try their luck again on the other project.

[Anguwa]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

There are different ways of knowing scam projects which include monitoring the project team from the start till the end because so many projects are coming with lies and plagiarised white papers just to attract investors.
Before investing in any crypto project, you should make sure you make good research about the project so that you will not fall victim of scam projects.

[JahriMeayer]

I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility

[marcous]

I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility

The top strategy is that never get involved in investing in new altcoins because it is very risky and you will even lose your investment if the altcoin will be scammed, there are many scam cases from new altcoins so don't ever be tempted to get high ROI from new altcoins, because only a few new altcoins are lucky and average is just a scam coin, so only choose top altcoins for investment so that you avoid any scams from bad projects.

[lienfaye]

I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility

The top strategy is that never get involved in investing in new altcoins because it is very risky and you will even lose your investment if the altcoin will be scammed, there are many scam cases from new altcoins so don't ever be tempted to get high ROI from new altcoins, because only a few new altcoins are lucky and average is just a scam coin, so only choose top altcoins for investment so that you avoid any scams from bad projects.

Well, It is true that investing in new altcoins are more risky compared to established coins already because it can turn as scam project. But how to identify if the project is not legit and just existing to scam the investors? You know there's also a hidden gem in these new projects, we all just need to dig deeper to identify the legit one.

It's important that you're not investing blindly because of hype or because of the suggestions of other investors. Do your own research to know if the project is legit, check their website, whitepaper, roadmap and the team behind it. There should be transparency about the team and their backgrounds to know their past handled projects. Check if they have strong community and lastly the project must have a use case that can solve real problem. If the project is offering a too good to be true profit, stay away because it is likely a scam. So always DYOR before investing.

[Popkon6]

With so many new projects emerging today, one way to test which ones are good is to see what goals they come up with. And their websites should be checked thoroughly and justified about the team and check whether there is any connection with any other company. And check whether investors have any appetite for the fund through various means of checking the team and checking the website. It is not true that all teams will be like this, I think that all these things should be given importance to test the project.

[humanvelocity]

Well any new cryptocurrency that launches out of the blue that promises something that’s too good to be true that it’s very highly likely to be a scam. One of the things I always do to avoid such scams is by going to their website and checking out their whitepaper etc., Reading about the coin and seeing what the roadmap of the coin looks like and also most importantly I always check what people think about the coin in forums to get even better understanding. Good luck 

[JANUS23]

The truth about scam project is that you are not 100% sure. It can tick all the boxes you expect as a legit project and still exit scam you or do a rug pull

[newdevices]

To be honest, in 2023 it is very difficult to distinguish between scam projects and good projects,
because we know that the Terra Luna and FTT cases both have good fundamentals,
but look at the fact that the top projects are really scams. Of course, from that case I learned that no project is really safe except Bitcoin.

[timoshani]

To be honest, in 2023 it is very difficult to distinguish between scam projects and good projects,
because we know that the Terra Luna and FTT cases both have good fundamentals,
but look at the fact that the top projects are really scams. Of course, from that case I learned that no project is really safe except Bitcoin.

In principle, any new project in the crypto can be considered as a scam. Although my personal observation is, a number of recent projects that I considered to be a bench gave good profit. Even experience in crypto does not give any guarantee will distinguish a good project from a bad one. There only luck should be certain.

[ije07]

Although it is difficult to determine whether a project is a scam or not, our senior here offers a number of tips on how to avoid it. In addition, a number of websites rate the new cryptocurrency project, allowing us to evaluate the level of faith the project has in itself. You must conduct learn if you wish to select a new project. Additionally, if the new project uses this forum for marketing, a lot of thought will go into deciding whether to stick with it or move on.

[albon]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Avoiding scam projects depends on the person’s ability to analyze, conduct research, and reveal all aspects of the project. It takes time and experience because many scam projects have been launched recently. It can be done through the project whitepaper, the project team, the roadmap, and what they achieved in terms of goals and domain details and their currency contract and its details; through this, they can give the person an indication that this project is legitimate or fraudulent. A loophole or proof must be revealed to show whether this project is good for the person to invest in or avoid. There are those who invest in a project without bothering to conduct good research and collect the necessary information about the project and its currency, which results in them falling victim to scams and losing their capital.

[Hispo]

In my personal opinion one of the biggest red flags a shady project or possible scam can give is to over-estimate itself.
If anyone of you go searching for gem coins among the dirt, you should completely avoid those developers who claim to be working on the next crypto revolution or the Bitcoin/Ether/anything killer. It is a red flag because scammers would take advantage of gullible people who may actually believe nonsense.

Look for projects which are realistic and honest on their objectives and road maps, that are clear not only about their advantages but also their weaknesses. Avoid coins which are shilled to the infinity and beyond without merits.  

[justdimin]

The truth about scam project is that you are not 100% sure. It can tick all the boxes you expect as a legit project and still exit scam you or do a rug pull

In fact, if it ticks all the boxes, there is a possibility that it could be a scam as well. You first check the size, if something is too professional and big, then it will probably not be a scam because they would spend millions on it and look as legit as it gets, they could fail as well even while being a legit company but that doesn't mean that they will scam you.

I knew a project that literally had office full of workers, there were 20+ people there, maybe as high as 30, and we saw videos of them working on it, basically 100% legit, but they failed because they just didn't get any interest from the community, when people don't invest, that means there is nothing to do about it. However, find those, they have a lower chance to scam and higher chance of success.

[nesty]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Here are a few tips to avoid scam project. First you have to do a research. Before investing in any crypto currency project, make sure to check on first the team behind that project, their experince and their track record. Look for reviews and feed back of other investors. Verify the project legitimacy if it has licenses to operate. Avoid unrealistic promises on the project. The project should use reputable exchanges. Be cautious of unsolicited offers, especially those who promise quick profits or require urgent actions. Always research and study first before investing.

[Magic-Money]

The scam project are really big problem in cryptocurrency industries market, because many projects has come up with difference promise and end up being a scam project, just a few are legit, and to avoid a scam project, is to follow up the successful once that are succeeding in the industry before investing or joining.

[Victorik]

I hear a lot of people talking about doing research and checking up the team background. But the honest truth is that not everyone knows how to go about this. For a newbie for instance who wants to invest in a certain coin/token that have been shill to them, how do you expect such an individual to know what and what to look out for.

It is easier to say than do, actually, despite all the due diligence, we might still end up calling for this scam if care is not taken, because these scammers are also inventing new ways and scheme to scam people. They are evolving in their approach as well.

[Furious 7]

The scam project are really big problem in cryptocurrency industries market, because many projects has come up with difference promise and end up being a scam project, just a few are legit, and to avoid a scam project, is to follow up the successful once that are succeeding in the industry before investing or joining.

Actually there is something much simpler than that because by not caring about existing projects, you can indirectly minimize and even block it.
I know that not all new projects are scams but judging by the current conditions, the majority of them are scams and that is a foregone conclusion.
When you see something like this, if you really don't want to get caught up in it and don't want to be bothered with research or research that is being carried out continuously, why not just cut it short by not doing that and not touching on new projects.
It can release you from all possibilities regarding fraud, although in this case there are risks that still have to be taken, such as we don't get any benefits when there is a new project that is really good.
But I think it's still worth it because as long as we focus on the original goal, it doesn't matter.

[usekevin]

Now the most of the altcoin was short run one,the people who had invested for the longer period will get scammed at the last.This attitude change should be done by the most of the project.Because it also affect the new emerging good project,this affect the name of the entire altcoin market and demand in the market.This is one of the main reason for the traders to move towards the bitcoin from the altcoin market.Because we was assured that the bitcoin will sure for the next decades,the price of the bitcoin will move to the 100k in a decade and people need of bitcoin in the high level as compared to now.

[ningrum]

The scam project are really big problem in cryptocurrency industries market, because many projects has come up with difference promise and end up being a scam project, just a few are legit, and to avoid a scam project, is to follow up the successful once that are succeeding in the industry before investing or joining.

Basically it's not that easy to avoid and we need definite effort,
I think it's so important to do in-depth research because that way you can at least minimize,
what is clear is that we must always be careful and consider many things before joining a project.

[Wakate]

The scam project are really big problem in cryptocurrency industries market, because many projects has come up with difference promise and end up being a scam project, just a few are legit, and to avoid a scam project, is to follow up the successful once that are succeeding in the industry before investing or joining.

There are many ways we can identify spam project if we are ready to make proper research in the cryptocurrency market. There are people in the market that are ready to build scam projects in order to steal from innocent investors that are always not ready to carry out research that will make them identify projects that are not going to survive in the market for a long time.
There are a lot of rug pulled projects that had scammed investors because they think during proper research is unnecessary with the urge to double there capital funds. We need to take a close look into the market so we can make scrupulous decisions.

[loopes]

Identifying a good crypto project or a scam can be a difficult task, as the crypto industry is constantly evolving and new projects are emerging every day. Here are some steps that can help you avoid fraudulent projects:
-snip-
4. Review the credibility of the development team: Ensure that the development team has sufficient credibility and experience in the field of crypto or blockchain technology. Review the backgrounds and experiences of team members to ensure that they can develop and execute projects well.-snip-

i agree with you, analyzing background's team aspect is one of most important things to do to avoid a scam project. but what do you think if you find credible tim inside the project, it seems good at initial phase of sales, but time by time the project goes to be a scam project. Do you remember Terra Luna?  this is what i am talking about.. I means not every credible team inside a project will guarantee the legitimate of the project.

[JayTrain]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

It's important to do your own research before investing in any new project, especially in the cryptocurrency space where scams are unfortunately common. Look for transparency in the project's team and development roadmap, and be wary of promises of unrealistic returns or overly aggressive marketing tactics. It's also helpful to seek out community discussions and reviews from trusted sources before making a decision. By sharing our experiences and knowledge with each other, we can better navigate the often murky waters of the crypto world.

[uneng]

If you want to avoid scam projects just invest in solid cryptocurrencies, mainly in Bitcoin. But if you still want to try something new in order to find a gem that can boost your profits to the moon, make sure to avoid projects which doesn't have any reason to exist at all or that don't bring any new feature, usage or concept to its adopters. Potential usages which don't make any sense in a practical way must be avoided as well.

Moreover, don't invest in a cryptocurrency just because it's pumping. Make sure there is a valid reason why that crypto is gaining more price, besides solely speculation. This way you avoid one of the most dangerous scams of the industry: the pump and dump schemes.

[CreativeCat]

To avoid falling for a scam project, it's crucial to conduct thorough research and exercise caution. Start by researching the project and its team members. Look for information about their experience, credentials, and past projects. Scrutinize the project's whitepaper for clear goals and a realistic roadmap. Analyze the community and online presence to ensure genuine engagement and transparency. Check for reputable partnerships and endorsements. Finally, assess the project's technology and code for authenticity. By following these steps, you can minimize the risk of getting involved in a scam and protect your investments.

[petulino]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

A lot of projects are launched on a daily basis, most of which later either fail or become scams.There are some projects which give you profit on daily basis but there you have to make some investment.And you are also told that if you refer your friends, you are also rewarded for referrals.Such projects are often scammed later.

Whenever a new project is launched, its complete documentation should be read.you should also check the form on his social media to see how many followers project has and whether creator has been updating his project or not.

you should get complete information about the project, what is its future use case and for what purpose it is designed.The goal is to do proper research before investing.There are some sites that create a lot of hype.And then people put everything on them by blindly trusting them.

[lepbagong]

Now the most of the altcoin was short run one,the people who had invested for the longer period will get scammed at the last.This attitude change should be done by the most of the project.Because it also affect the new emerging good project,this affect the name of the entire altcoin market and demand in the market.This is one of the main reason for the traders to move towards the bitcoin from the altcoin market.Because we was assured that the bitcoin will sure for the next decades,the price of the bitcoin will move to the 100k in a decade and people need of bitcoin in the high level as compared to now.

most of it is of course according to what you said, new projects are only short-term oriented, looking for momentary profits and don't want to try to develop which is of course very difficult and requires large funds. faster completion and create new projects to find investors are in great demand at this time, easier to make profits.
actually it's better to invest in altcoins that are already on the market such as BNB, because the risk of loss is smaller, or as you say placing funds in bitcoin.

[BobK71]

Those who try to bring good projects in cryptocurrency are hampered by some scam projects. Crypto scammers targets always existed in the crypto market. They always try to create various scam strategy to empty the pockets of investors. But in recent times people's interest in crypto increasing, they are getting better knowledge about how they can protect their wealth and they are also taking necessary measures. Now scammers will not be able to make scam trap easily. But a positive point here is that projects that are relatively weak will not survive in the market. Early identification of a project is very difficult so one should not invest in a project until there is 100% certainty about it. I think it's worth investing in altcoins that are already in a good position.

[huu78]

Take the time to research the project and the team behind it. Look for information about the project's goals, technology, and use cases. Check the team's background and experience, and make sure they have a solid track record in the industry.

[woez]

Identifying a good crypto project or a scam can be a difficult task, as the crypto industry is constantly evolving and new projects are emerging every day. Here are some steps that can help you avoid fraudulent projects:

1. Do some research: Find out as much as you can about the crypto project you are interested in. Read the whitepaper, check the background of the development team, check the project roadmap, and see if they have the backing of a trusted investor. The more information you get, the better you can evaluate the crypto project.

2. Review tokenomics: Examine how crypto project tokens are distributed and what benefits these tokens provide. Make sure that the project has a reasonable business model and is not too profitable for the project founders, investors or other parties.

3. Evaluate the whitepaper: Read the whitepaper carefully and check if the project has innovative features and technologies. Make sure that the whitepaper doesn't just contain big promises and obscure technical terms, but provides a clear understanding of the project.

4. Review the credibility of the development team: Ensure that the development team has sufficient credibility and experience in the field of crypto or blockchain technology. Review the backgrounds and experiences of team members to ensure that they can develop and execute projects well.

5. Review project reputation: Find out if the project has a good or bad reputation in the crypto community. Ensure that the project is not associated with any fraudulent, illegal or other fraudulent activity.

Keeping yourself up-to-date on developments in the crypto industry is also very important. You can read the latest crypto news, follow the official social media accounts of the crypto project, and participate in discussions in crypto forums and communities. The more information you get, the easier you can identify a good crypto project or a scam.

Yes. Exactly., it is so striking that the steps presented/listed are generally good suggestions for identifying fraudulent projects in the cryptocurrency industry. Conducting thorough research, evaluating tokenomics and whitepapers, reviewing the credibility of the development team, and assessing a project's reputation are all important steps that can help investors make an informed decision and minimize the risk of falling victim to a scam.

[Bitcoin_people]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Constantly new projects are seen in the forum but many of them are scams and many projects are good. Among them, there are ways to identify the good projects and invest in the projects later on. To identify the scam projects, you should follow their website white paper and various social media to see that all are fake. But in the case of a good project, if you follow them, you will see that their website and various social media are original and there will be a lot of advanced. So you need to watch everything carefully and avoid scam schemes later. And follow all these things and work on good projects then you don't have to connect with scam projects in future.

[arufox]

It's not easy to avoid scam projects, especially for those who are beginners. However, at least one of the steps to avoid fraudulent projects is by DYOR. You must have an understanding of a project. Therefore, always seek information before deciding to invest in a new project. In particular, you should know the team behind it, read the whitepapers, and see the project's activity. Thus we can evaluate whether a crypto project is safe or not.

[Rasa nanas]

it is very difficult to answer this question because scam projects and failed projects are different.
but just try to play in the telegram group and try to ask about something you suspect or something you don't understand about the project. if you get an answer and you think it makes sense it means the chances of scam are getting smaller, but if you get an answer that doesn't make sense or even you don't get an answer and you have doubts you should leave the project.

[Mr.sprin]

Nowadays it's getting harder to avoid scam projects because scam project makers are getting smarter and they even promise in their tricks to predict token prices when they are marketed at high prices and they make fake sales. They deliberately trick the market to seek profit from investors.

[mdzahed134]

I think it’s really difficult to detect a SCAM project in the current market because many scams project around us, so if you're a beginner then it will quite difficult to avoid SCAM project. Whatever, first of all you should research about their use cases then team and partnership is also important, then roadmap, and tokonomics etc.

[|MINER|]

Snip.

Now a days, most of the new projects coming up are scams. In other words, the amount will increase as the days go by. Now the situation is such that it is better for us to refrain from investing in new projects. But if someone wants to invest then I would say it is better to invest less in new projects rather than invest more in new projects. And it is really difficult to find out which project is a scam. The first thing to identify most of the scam projects is the APR they are offering, most of the scammer projects offer higher APR to attract people. Moreover, other things like where they got their license from and idea about their project team etc. can at least infer the authenticity of the project.

[loopes]

it is very difficult to answer this question because scam projects and failed projects are different.
but just try to play in the telegram group and try to ask about something you suspect or something you don't understand about the project. if you get an answer and you think it makes sense it means the chances of scam are getting smaller, but if you get an answer that doesn't make sense or even you don't get an answer and you have doubts you should leave the project.

This topic is literally discussing about the scam project that threaten everyone who involve to the crypto currency, especially for a newbie who is new to the world of crypto currency and do not have enough experience. Failed project is not a scam. they just can not reach their goals. Not reaching their goal is not a crime. But both those scam project and failed project will affect to lose your money.

[podluznyj]

It's not easy to avoid scam projects, especially for those who are beginners. However, at least one of the steps to avoid fraudulent projects is by DYOR. You must have an understanding of a project. Therefore, always seek information before deciding to invest in a new project. In particular, you should know the team behind it, read the whitepapers, and see the project's activity. Thus we can evaluate whether a crypto project is safe or not.

Yes, I agree with you, it’s almost impossible to completely avoid a scam project, since the scammers who create such projects do everything to make the project look promising and profitable, and to see everything and understand what kind of project it is, especially for a beginner, it’s impossible, you need to at least look at the team and see on special sites about the project and draw your own conclusions

[Mr.sprin]

It's not easy to avoid scam projects, especially for those who are beginners. However, at least one of the steps to avoid fraudulent projects is by DYOR. You must have an understanding of a project. Therefore, always seek information before deciding to invest in a new project. In particular, you should know the team behind it, read the whitepapers, and see the project's activity. Thus we can evaluate whether a crypto project is safe or not.

Yes, I agree with you, it’s almost impossible to completely avoid a scam project, since the scammers who create such projects do everything to make the project look promising and profitable, and to see everything and understand what kind of project it is, especially for a beginner, it’s impossible, you need to at least look at the team and see on special sites about the project and draw your own conclusions

it's true, as you said, for beginners it's difficult to get to know scam projects, even those who have been in the crypto world for a long time, it's also difficult to distinguish scam projects because the concept they make is very promising and they are active on social media announcing project developments as if they are serious about developing projects, so it's very difficult to distinguish projects current scam.

[Road21Bitcoin]

There are so many ways and tools to avoid a scam project. For example, if you would like to invest in a memecoin or shitcoin, you can use this tool, https://tokensniffer.com/ to scan and monitor the contract address. Always check if the project has the following, Roadmap, Whitepapter, Team Members if they're doxxed, and Social Media accounts. Just do your own research and use your common sense when dealing with this kind of situation.

[petulino]

avoiding from scam project is very sample if you are not greedy because most of the people are entering into scam project with thinking of big profit which cause loss. we should not believe on telegram shill post or twitter, YouTuber advertising any project. If we trade only in bug Cex like Binance and Coinbase then we should not worry about scam coin because they list only high marketcap project. You can also avoid from scam project if you have ability to research on project team, roadmap, White paper amd idea but it's not easy to check for new users

[Anonymous100]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Indeed, to know the level of success of a new project is very difficult to know. Because at the first launch, they will offer a private sale, and finally a public sale. The team keeps saying that their product is superior to the others. It aims to attract investors. But after the campaign period is over, they will say that it is difficult to find investors. In the end, the project will stop, and will not pay participant fees.

[nesty]

To avoid scam projects we need to understand and research first about the project. Check on the legitimacy of their website and social media channel for more information about the team who are responsible for the project. Check as well their experiences and credibility. Read and evaluate their white paper for their business plan and outline. Be conscious on the projects that promises unrealistic rate of returns that uses aggresive marketing strategies. Always trust your instincts.

[gabbie2010]

Nowadays it's getting harder to avoid scam projects because scam project makers are getting smarter and they even promise in their tricks to predict token prices when they are marketed at high prices and they make fake sales. They deliberately trick the market to seek profit from investors.

Truly some new projects usually devised many ways or means of deceiving new investors, they do so much perfect their fraudulent project such that unsuspecting investors will fall to their tricks thus it has become a difficult tasks to determine a real or fake project in the crypto market, I had once invested in a project in 2018 that look so real with high degree of prompt response to enquires of their new investors via plenty social medium like telegram, discord, Facebook etc after reaching their Soft Capitalization their developers went off without any trace till this moment.

[Japinat]

To avoid scam projects we need to understand and research first about the project. Check on the legitimacy of their website and social media channel for more information about the team who are responsible for the project. Check as well their experiences and credibility. Read and evaluate their white paper for their business plan and outline. Be conscious on the projects that promises unrealistic rate of returns that uses aggresive marketing strategies. Always trust your instincts.

Well said mate. These steps may sound easy but it's not that easy if you're the one working on it and these are so vital if you're looking forward to invest in the world of cryptocurrency or even in the other field, rigorous research and studies should be done first hand before putting your funds on it. Risks will be always there, what are we looking for is to minimize those risks because we're trying to find the profits and not the losses. But in these times where internet is available almost everywhere in the globe, it makes our job more easier because almost everything can be looked up on the web and it can also suggests top working coins that are profitable to invest in the past few years and in the upcoming future.

[Newlifebtc]

it is very difficult to answer this question because scam projects and failed projects are different.
but just try to play in the telegram group and try to ask about something you suspect or something you don't understand about the project. if you get an answer and you think it makes sense it means the chances of scam are getting smaller, but if you get an answer that doesn't make sense or even you don't get an answer and you have doubts you should leave the project.

I just want to clarify you that some of the things that is in telegram majority of them is owned by a scammer and if I happen to get any good response from telegram group don't depend on it thinking that it is a rightful information it is not it is a strategy scammers use in order to drive you close to be able to scam you so let us by I know the functions of scammer

[LastKiss]

it is very difficult to answer this question because scam projects and failed projects are different.
but just try to play in the telegram group and try to ask about something you suspect or something you don't understand about the project. if you get an answer and you think it makes sense it means the chances of scam are getting smaller, but if you get an answer that doesn't make sense or even you don't get an answer and you have doubts you should leave the project.

I just want to clarify you that some of the things that is in telegram majority of them is owned by a scammer and if I happen to get any good response from telegram group don't depend on it thinking that it is a rightful information it is not it is a strategy scammers use in order to drive you close to be able to scam you so let us by I know the functions of scammer

Many scammers run around in telegram honestly and this is why we should keep our awareness from scammers, judging by an admin answer won't determine its a scam project or not since I met many projects that have a great admin and moderator but end up scams in few months. Right now it's really hard to find a good project many scam projects are developing an exit way to deceive investors and then they will scam their investors.

[Awraawra]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Sometimes we cannot avoid new projects there's a lot of people making projects everyday as we can see some are scam some are real. Maybe choose and search more before you can join in that project. People using their projects to scam people and I think it's hard to avoid it especially if they are not the only one who do that.

[RussianEnglishTranslation]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

You know a project isn't a scam if it has been around for several years now. Also, a project can't be a scam if it is mineable and there are no team tokens to dump on the market. 0xMR is a project like this, so is RVN. Also, you won't get scammed if you do bounty tasks for free tokens. Q Blockchain and Mantle L2 are paying out on zealy io.

[Mr.sprin]

I once joined the Volare project, after the token distribution they sent mini Volare tokens and had to be exchanged for Volare coins to be traded, what I want to ask is whether a project like this is a scam project?

[dlightag]

I have stopped following airdrop, accept the once that is directly from exchange platform and has a rest of mind for the rewards been distributed after doing the necessary tasks giving, because most of them has been already deposited to the exchange, as well to distribute to individual account, base on the calculated rewards giving by participate.

[Pierre 2]

I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.

[WalkerIVIV]

never just follow from some random project, there are many projects that are being released through reputed platform one of them is through binance IEO i see no reason investing into some random project, moreover the IEO that was held in reputed platform are also having higher rate of success, but there are sometime indeed some good project without IEO that could gain massive success.

[bitkanu]

I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.

isn't certik is quite literally just smart contract audit, if the smart contract is fine doesn't mean its not gonna do some trick, there are many ways a smart contract could get rugpulled, and usually most of new coin aren't really being reviewed by certik but that just my 2 cents though.

[merekamo]

If I have to answer this actually requires a complex analysis or a long explanation. But in short, first visit the website and explore (DYOR). Don't forget to follow Telegram, Twitter or other media accounts like Linkedin, or medium. Make sure you always follow the development of the project. It's that simple. Don't believe too much in the lure of big profits in Presale.

For example of a scam project case: sometimes a new project is launched a week, suddenly it goes straight to presale with the promise of listing this month with multiple profits. Now, this doesn't make any sense. There are lots of scammer tricks out there to commit crimes. So, make sure you research yourself regarding this.

[Luffygroove]

God I really don't know about this; based on my experiences, even after analyzing their whitepaper and checking everything that must be checked, they can still scam or rugpull. Even big projects that are able to gather large funds can be scams. They're so good at tricking people. But I think one thing that could really make me believe in investing is continuous development. They make sure the community is informed, they stick to the road map schedule, and they are not negligent. If they have a real product to offer instead of just a concept before gathering funds, then it will be better.

[MiF]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scam projects are lack of transparency team will used different identity to scam other people, there are also projects that is really good at start and turn into rug pull projects it can also make investors loss thier money, for me the best way to know legit project is to search the team behind it and if the team has a good experience with a past successful project then it is good. The risk of investing in crypto is always there we can also avoid scam if we invest in btc and ethereum this coin is proven so it will never turn into scam.

[Yamifoud]

I don't think its that hard to avoid scam projects anymore. There are companies like Certik nowadays that can assure you. Also community is very active now. You can find hundred people to check on Twitter or Bitcointalk forums if altcoin you invested in is scam or not. Also, you can look for developers always. Current internet allows you to find their background lot more easily compared to past. You may also wait for a coin to hit better/bigger exchange like Binance.

isn't certik is quite literally just smart contract audit, if the smart contract is fine doesn't mean its not gonna do some trick, there are many ways a smart contract could get rugpulled, and usually most of new coin aren't really being reviewed by certik but that just my 2 cents though.

But it was very unfortunate to see that still many investors had fallen into this trick which in fact, we have many sources that would help us to determine if that project has the potential or is just a scam thing. I'd never see the market go wrong but it was us (investor) are blind not to see and that is probably because of promising words from the developers and of course, our greediness. Nothing could withstand with this if we are already been control by our emotions and greed.

[JayTrain]

I completely agree with you. Due to the decentralized nature of the blockchain, there is a huge potential for new and innovative projects to emerge. However, this also means that it can be difficult to distinguish between legitimate projects and scams. It's important for us to do our due diligence before investing in any project, by researching the team, reading the whitepaper, checking the community's opinions, and looking at the project's roadmap. Having open discussions about our experiences with different projects can also help us learn from each other and make more informed decisions.

[cute nmp]

The only way to get avoid a scam project is to make good research about it,like reading the whitepaper, Team,Audit and much more. This can help one to avoid some of the scam projects he/she will come across.

[podluznyj]

The only way to get avoid a scam project is to make good research about it,like reading the whitepaper, Team,Audit and much more. This can help one to avoid some of the scam projects he/she will come across.

Yes, now it may not help, because today scam projects are very well camouflaged and practically deceive, in order not to get caught on a scam project, it is worth checking the project very well on all available sites, be sure to check the team, this also affects the project, here are the main stages checks on the scam project, only after this you can participate or contribute to the project

[hamba laeh]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scam projects have been around for a long time and it's very difficult to know beforehand because they do everything carefully from the initial step to the final step so that no one can detect it and after they get profits from investors, they leave the project and create a new project.. So in my opinion, to avoid project scams, we have to do research by gathering various information about projects that will be launched, such as teams, whitepapers, websites and also programs that they will run in the future. if their project is a scam we will definitely find mistakes in it.

[Little_Sister]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Scam projects have been around for a long time and it's very difficult to know beforehand because they do everything carefully from the initial step to the final step so that no one can detect it and after they get profits from investors, they leave the project and create a new project.. So in my opinion, to avoid project scams, we have to do research by gathering various information about projects that will be launched, such as teams, whitepapers, websites and also programs that they will run in the future. if their project is a scam we will definitely find mistakes in it.

If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.

[domoy77]

If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.

Exactly, we can easily find out the characteristics of scam projects and for simple research then you can review bounty projects, if we can conclude potential projects and scam projects with simple research, the simplest feature is that they don't provide telegram or discord conversation services to avoid questions from members and investors, avoid scam projects by conducting detailed reviews for project/bounty analysis.

[abel1337]

If you have frequently reviewed the activities on each project it will be easy to identify scams from new projects, their project scheme will always be the same and only replace the new project name and slogan to attract novice investors, so always check the project so it will be easy to recognize good projects and scam projects, both will surely differ even though scammers have the skills to make web appearance, whitetaper and etc look real but no scam is perfect.

Exactly, we can easily find out the characteristics of scam projects and for simple research then you can review bounty projects, if we can conclude potential projects and scam projects with simple research, the simplest feature is that they don't provide telegram or discord conversation services to avoid questions from members and investors, avoid scam projects by conducting detailed reviews for project/bounty analysis.

How is bounty campaigns helps to conclude that a project is a scam? Having a bounty project doesn't mean the project is indeed a scam or a legit project. I believe that there little to zero project that don't have a communication platform that they are using at the least. It's an untold mandatory thing to connect with your community by having a channel that you can talk to, Even scammers create one themselves because it is how they persuade their community on investing into them. There are various kind of research to do in a project and I believe that relying to the existence of their telegram or discord won't do a thing.

[Dessy88]

Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media  if they are using fake followers or not. And so many things you should have to notice to find them out

For fakeing social followers then we can find out easily but it is very different knowledge for token sales statement. There has many good project where to scam after end successful token sales. So one think if a project make confirm listing exchange then we can buy. But never late to sold out because any situation they can make scam.

[mbakruroh]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Perhaps the recent successful projects are only 1% of the total launched. If we look at the Bounty Campaign list, one manager has dozens of projects he manages. I don't understand whether the manager does research on the project he manages, or the extent of his responsibility for the project he manages. We need to check it ourselves before promoting from those projects, so we don't waste time promoting something that isn't obvious. But this is not easy to do, because the project scam will be visible at the end of the campaign period.

[BaeSuzy]

The main criteria for me to avoid scam project is we need to increase our knowledge about "Crypto" and not ashamed to ask people who are smarter than me (expert or the people who has more experience than me). And if the project offers something that doesn't make sense it's definitely a scam.

[barhavsky]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

in my opinion the way we can avoid scam projects is not to invest in new projects and only invest in old projects that have products and progress, so it's safer for us to be able to avoid scam projects, but if you really want to invest in new coin and want to avoid scam, then it's better for you to wait until the new project has a product or is already listed on a major exchange, even though the risk for the project to become a scam still exists, but the risk is still smaller than projects that don't yet have a product and list on a major exchange.

[Doan9269]

The main criteria for me to avoid scam project is we need to increase our knowledge about "Crypto" and not ashamed to ask people who are smarter than me (expert or the people who has more experience than me). And if the project offers something that doesn't make sense it's definitely a scam.

There's much expected of us to take as necessary steps against falling their prey for any projects we are moving in for, even though everything is al about taking risk but we shouldn't as well see the risk and purposely go for it, we have to narrow our research on them, know the kind of developers they are, their mission, what they are offering, their duration of contract project, their financial situation, liquidity, market cap and other past records on successful delivery before we go for them.

[riskarcher]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

in my opinion the way we can avoid scam projects is not to invest in new projects and only invest in old projects that have products and progress, so it's safer for us to be able to avoid scam projects, but if you really want to invest in new coin and want to avoid scam, then it's better for you to wait until the new project has a product or is already listed on a major exchange, even though the risk for the project to become a scam still exists, but the risk is still smaller than projects that don't yet have a product and list on a major exchange.

Luna coin has a long existence but still many investors lose their money in old projects, Altcoin is a coin that has high profits but also high risk. I'm not at all surprised that many projects fail and in the end to be scam project, What i know safest option for invest is only Bitcoin, Even though profit of bitcoin is slowing than other coin, atleast we didn't think about our money on crypto market

[cute nmp]

Not all scams can be avoided sometimes but one can reduce the frequency of been a victim by making a very good research about a project before making any investment.You can read about the project and the team ,know what the project is all about whether it is worth investing or not.

[Lamkuthang]

Not all scams can be avoided sometimes but one can reduce the frequency of been a victim by making a very good research about a project before making any investment.You can read about the project and the team ,know what the project is all about whether it is worth investing or not.

It makes sense when you think about it. it usually requires self-evaluation and many of the beautiful managers have posted a small notice on the campaign announcement page suggesting that each bounty hunter entrant double check himself before you join him. Yes. sometimes not all fraud can be avoided and in fact sometimes the project manager (Mananger Bounthy) has completed all stages of the campaign, it is their turn to be billed for project campaign participants. Their team closed their eyes and disappeared  .

[Nazmul012]

Its Very critical judge a brand new project. greatest roadmap, Promotion by influencers, announcing airdrop with reward can't be trusted.
Now bear is on the trand. So if you want to get yourself out of being scam, just avoid new project. Secondly avoid those old altcoins, which haven’t any potential. But if you are interested with new project then confirm that, they have decent community support. Running Idos, following roadmap and they let you Know their update in time

[Quidat]

Its Very critical judge a brand new project. greatest roadmap, Promotion by influencers, announcing airdrop with reward can't be trusted.
Now bear is on the trand. So if you want to get yourself out of being scam, just avoid new project. Secondly avoid those old altcoins, which haven’t any potential. But if you are interested with new project then confirm that, they have decent community support. Running Idos, following roadmap and they let you Know their update in time

Just use your common sense.Period!

Avoiding scam projects should really be handled out by your own common sense but here's some basic things to be done.

1. Always DYOR
2. Take some DYOR
3. DYOR all the way

From whitepaper until to the team itself or the relevance or utility of the said project.You should really know its background but somewhat even knowing such stuffs
or situations or things cant really still assure 100% success rate. We do have lots of scam and shit projects in the market which they do eventually die instantly but coming back
on having a brand new name and the cycle continues. These fraudsters does really know that there are dumb investors or to those who do put up money would really be that
too fool on believing that a certain project is really good. This is why they would really be continuing on what  they've been doing.

[StreakW]

Identifying a good crypto project or a scam can be a difficult task, as the crypto industry is constantly evolving and new projects are emerging every day. Here are some steps that can help you avoid fraudulent projects:
-snip-
4. Review the credibility of the development team: Ensure that the development team has sufficient credibility and experience in the field of crypto or blockchain technology. Review the backgrounds and experiences of team members to ensure that they can develop and execute projects well.-snip-

i agree with you, analyzing background's team aspect is one of most important things to do to avoid a scam project. but what do you think if you find credible tim inside the project, it seems good at initial phase of sales, but time by time the project goes to be a scam project. Do you remember Terra Luna?  this is what i am talking about.. I means not every credible team inside a project will guarantee the legitimate of the project.

Indeed, there are not a few projects that have a credible team behind them, but in the end the project is a fraud. But at least with a credible team that builds a project, it will gain trust in the eyes of investors. But we must realize that no matter how good a project is and have a credible team, there are definitely risks in investing in crypto currency.

[erixter]

Indeed, there are not a few projects that have a credible team behind them, but in the end the project is a fraud. But at least with a credible team that builds a project, it will gain trust in the eyes of investors. But we must realize that no matter how good a project is and have a credible team, there are definitely risks in investing in crypto currency.

Well, any business involves profit and loss, but the crypto currency market is a very risky market and the risk of loss is high here.If seen, sometimes a very good and big project is also scammed, As the example of Luna and FTT , but in the top and good coins of the market, such rates are very low. There are many projects that are realized at the very beginning that they have no future.

After our little hard work and research and information we can find good and best projects and protect ourselves from scam projects, because the fraud project team is always very capable, they take people to their side and deprive people of their capital.

[capedbaldy]

After our little hard work and research and information we can find good and best projects and protect ourselves from scam projects, because the fraud project team is always very capable, they take people to their side and deprive people of their capital.

We have to do regular research on new projects or weekly, in order to get quick information to avoid rugpull losses because new projects are very close to fraud even top coin projects are also not guaranteed for investment safety.

We have experience from Luna and FTT, so be careful choosing altcoins for your investment list because altcoins are very at high risk of loss because they will be greedy to sell millions of dollars from the team's coin allocation portion and revoke liquidity from dex.

[Blitzboy]

Its Very critical judge a brand new project. greatest roadmap, Promotion by influencers, announcing airdrop with reward can't be trusted.
Now bear is on the trand. So if you want to get yourself out of being scam, just avoid new project. Secondly avoid those old altcoins, which haven’t any potential. But if you are interested with new project then confirm that, they have decent community support. Running Idos, following roadmap and they let you Know their update in time

Just use your common sense.Period!

Avoiding scam projects should really be handled out by your own common sense but here's some basic things to be done.

1. Always DYOR
2. Take some DYOR
3. DYOR all the way

From whitepaper until to the team itself or the relevance or utility of the said project.You should really know its background but somewhat even knowing such stuffs
or situations or things cant really still assure 100% success rate. We do have lots of scam and shit projects in the market which they do eventually die instantly but coming back
on having a brand new name and the cycle continues. These fraudsters does really know that there are dumb investors or to those who do put up money would really be that
too fool on believing that a certain project is really good. This is why they would really be continuing on what  they've been doing.

Totally with you on this! Conducting personal research is like prepping your rocket before a space launch. You wouldn't want to stake your mission (or, in our case, your hard-earned money) based on someone else's groundwork. Shying away from fresh projects might feel like an effective dodge from scams. But it's a bit like avoiding new tech gadgets just because they might not live up to the hype. Some fledgling projects could be the next 'Bitcoin', while others might just blast you off to 'Bankruptcy Planet'. The key lies in picking out the gems from the space junk.

It's the same deal with older altcoins. Some might be as out-of-date as a landline in a world of smartphones, while others might just be in stealth mode, ready to shoot out like a comet when you least expect it. Sure, community backing and consistent updates are like regular systems checks on your spacecraft. They're vital signs of a project's well-being. But always remember the space exploration mantra: trust, but verify. After all, not every shiny satellite is useful, and not...

[LastKiss]

Indeed, there are not a few projects that have a credible team behind them, but in the end the project is a fraud. But at least with a credible team that builds a project, it will gain trust in the eyes of investors. But we must realize that no matter how good a project is and have a credible team, there are definitely risks in investing in crypto currency.

Well, any business involves profit and loss, but the crypto currency market is a very risky market and the risk of loss is high here.If seen, sometimes a very good and big project is also scammed, As the example of Luna and FTT , but in the top and good coins of the market, such rates are very low. There are many projects that are realized at the very beginning that they have no future.

After our little hard work and research and information we can find good and best projects and protect ourselves from scam projects, because the fraud project team is always very capable, they take people to their side and deprive people of their capital.

Yeah, even top altcoins were dumped really hard. We can't predict the future of a new project because in this market its really volatile. If we want to avoid a scam project then its better to invest in Bitcoin rather than look for a new project to invest. I really hate when a project goes scam because the team abandon the project without any real effort.

[arufox]

This Topic Is Very Important Topic And Really Every People’s Need To Know How To Avoid Scam Project And First Of All Need Ti Finding How To Selected Which Projects Are Scam And Which One Real Project Just Need To Use Own Brain And Need To Check And Cross Check Agin.

Indeed, everyone always wants to avoid fraudulent projects. However, avoiding fraudulent projects, especially new projects, is not easy. Moreover, day by day the fraudsters are increasingly sophisticated in presenting new projects to attract investors to invest so that their goal is to get money from investors. Therefore, before investing in a new project, we must be able to carry out an in-depth analysis and must be prepared for all risks.

[davide72]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The problem is not only scam projects but also all those very manipulated by whales, look for example ICP a valid project listed on Binance the first 2 months I met people who bought them even at 150 dollars each, today they are 5 dollars, many have lost almost all their initial investment

[Iadegbola34]

Consider the following steps to identify legitimate crypto initiatives and prevent potential scams:

1. Investigate the project team’s skills and trustworthiness.
2. Review the project's whitepaper to ensure a strong plan.
3. Evaluate the project's Social Media presence and community participation.
4. Look for recognized collaborations and advisors.
5. Be wary of red flags, such as unrealistic promises or lack of openness.


Participating in forums and learning from others’ experiences may provide significant insights.

[ElmedoRator]

Usually, when a project comes up and you're looking to check it out, do thorough research on the project team and check their track record. Review additional white papers and technical aspects to determine project feasibility and innovation. Additionally, the project's community and social media presence are also good ways to gauge the project's reputation and gauge the level of support and engagement. Also, beware of unrealistic promises and aggressive marketing tactics, as scammers often use these strategies to attract gullible individuals. Finally, make the right decisions based on the information you have learned to decide whether to invest in this project.

[timoshani]

Its Very critical judge a brand new project. greatest roadmap, Promotion by influencers, announcing airdrop with reward can't be trusted.
Now bear is on the trand. So if you want to get yourself out of being scam, just avoid new project. Secondly avoid those old altcoins, which haven’t any potential. But if you are interested with new project then confirm that, they have decent community support. Running Idos, following roadmap and they let you Know their update in time

Just use your common sense.Period!

Avoiding scam projects should really be handled out by your own common sense but here's some basic things to be done.

1. Always DYOR
2. Take some DYOR
3. DYOR all the way

From whitepaper until to the team itself or the relevance or utility of the said project.You should really know its background but somewhat even knowing such stuffs
or situations or things cant really still assure 100% success rate. We do have lots of scam and shit projects in the market which they do eventually die instantly but coming back
on having a brand new name and the cycle continues. These fraudsters does really know that there are dumb investors or to those who do put up money would really be that
too fool on believing that a certain project is really good. This is why they would really be continuing on what  they've been doing.

Well, if there is some experience in evaluating projects, then you can use it. Then the principle of DYOR is indisputable. But what if there is no experience? Here at least reason, at least do not reason – the risks of loss increase. What do you advise beginners in crypto?

[shinratensei_]

Well, if there is some experience in evaluating projects, then you can use it. Then the principle of DYOR is indisputable. But what if there is no experience? Here at least reason, at least do not reason – the risks of loss increase. What do you advise beginners in crypto?

I hardly understand your question but i get the gist of it.

however if you don't have any experience at all in cryptocurrency basically still a newbie and of course determining some good project will definitely become a hard task for you.

you can just simply rely on the fact that you can easily choose project based on which partnership they have, list all the good venture capital out there like mysten labs, etc and only follow the project they have invested.

we all have seen how good the project they invested are, usually gets listed almost immediately in good famous exchange and get massive value increase.

that's one way of knowing good project since you only follow, the task of doing review is on the venture capital teams.

[TelolettOm]

Indeed, everyone always wants to avoid fraudulent projects. However, avoiding fraudulent projects, especially new projects, is not easy. Moreover, day by day the fraudsters are increasingly sophisticated in presenting new projects to attract investors to invest so that their goal is to get money from investors. Therefore, before investing in a new project, we must be able to carry out an in-depth analysis and must be prepared for all risks.

Fraudsters/scammers become smarter or more sophisticated because people are aware of their actions. If they did the same ways, people will be easier to identify them. So, we shouldn't be so surprised if they improve their ways, too. However, scam/fraudulent projects must have suspicious parts, we just need to find out the parts by analyzing them deeply. If we can't find suspicious parts on a project, we can assume it is a real project.

To analyze, we must evaluate the whole of a project. Check the WP, their social media, their official site, team members, and the legalization of the project itself.

[lepbagong]

Its Very critical judge a brand new project. greatest roadmap, Promotion by influencers, announcing airdrop with reward can't be trusted.
Now bear is on the trand. So if you want to get yourself out of being scam, just avoid new project. Secondly avoid those old altcoins, which haven’t any potential. But if you are interested with new project then confirm that, they have decent community support. Running Idos, following roadmap and they let you Know their update in time

for now I really agree with you to avoid any new projects, because the potential to become a scam can happen very easily, because the current indicators are still not recovering and there is still a crisis which has resulted in the crypto sector also being affected. it's more to invest in old coins that are ranked the best because they are safer, it must also be remembered that the situation is about to enter the era of the halving period where there will be a gradual increase, so there is no time for speculation anymore. especially with a new project where even though the community is very well maintained and that will not be able to make sure it will be safe.

[v3liana]

Dont let your greed blind you to something too good to be true. Research everything you put your money into completely, and sleep on it before you dive in. Good luck!

[RussianEnglishTranslation]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The easiest way to see if something is a scam or not is if there is a real working product and the project solves a real world problem. 0xMR for example has no team tokens and the team operates a mixer. Q Blockchain for example is the first blockchain with a legal layer and is regulatory compliant. XRP is used for international remittance and CBDCs.

[RAshartem]

There is a problem with this problem. Many altcoin participants know that the project is a scam, but they will still participate in it without hesitation. Otherwise, how did the 10U God of War come about? In fact, I suggest that the author change the topic: how to select high-quality projects? This would be a good topic, or recommend me a solid project you investigate, and of course give your reasons.

[blockman]

Dont let your greed blind you to something too good to be true.

And from being greedy, those projects that are promising great gains will be the ones where the newbies will fall. But if you're doing research and you don't buy with those easy promises and you're not a greedy guy then you're unlikely to be a victim of those. While there are projects that are obvious when they're promising untrue profits, you get the idea from them.

Research everything you put your money into completely, and sleep on it before you dive in. Good luck!

DYOR as we say and that's not going to fail an investor to avoid those scam projects. If you're researchful and resourceful, you'll get to have the ideas of different projects and might see some hint from within.

[Rupok]

It has become very difficult to avoid becoming a victim of scam schemes.  There are many good projects that are getting scammed.  Scams have become a really big problem in the crypto space.  People's dependence on new projects is decreasing a lot. People cannot find out many good projects only because of scams. But I think one of the reasons for this is the decentralized nature of blockchain.There are many new projects which even after thorough analysis turn out to be scams.Innovative projects show nine out of every 10 projects work a huge potential for scams to emerge.

[barlo357]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

You can use tokensniffer to get more details about the tokens. It will show the red flags that would make you reconsider to buy it or not.

Website: https://tokensniffer.com/

If you want more than tokensniffer, you can check their community, mostly on telegram and know more about it.

[shinratensei_]

It has become very difficult to avoid becoming a victim of scam schemes.  There are many good projects that are getting scammed.  Scams have become a really big problem in the crypto space.  People's dependence on new projects is decreasing a lot. People cannot find out many good projects only because of scams. But I think one of the reasons for this is the decentralized nature of blockchain.There are many new projects which even after thorough analysis turn out to be scams.Innovative projects show nine out of every 10 projects work a huge potential for scams to emerge.

honestly differentiating between scams and good projects are in general quite easy, it's that it requires you to make some analysis before hand in which also requires knowledge, but I think the concern of getting scammed by the devs now has changed to being scammed from malicious contract interaction.

lately there has been some news in regard of many dapps that actually implements malicious contract to drain money of their customers which is really scummy way of scamming people out there.

this issue really incur losses towards those that interacted with smart contract heavily, right now don't ever trust some random smart contract and dapps if you don't want to get scammed when investing in altcoin or anything related to that, because too much risk of losing money honestly.

i think this should be added into the list of project scamming, other than being outright rugpulled.

[deean_3one]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

For me, it is very difficult to distinguish whether a project is a scam or not. Because many of the projects I participated in turned out to be scams. But he said there is a way to find out about scam projects. People say we should read their websites and white papers. We have to research many projects in order to know the characteristics of scam projects.

[Dr.Osh]

It has become very difficult to avoid becoming a victim of scam schemes.  There are many good projects that are getting scammed.  Scams have become a really big problem in the crypto space.  People's dependence on new projects is decreasing a lot. People cannot find out many good projects only because of scams. But I think one of the reasons for this is the decentralized nature of blockchain.There are many new projects which even after thorough analysis turn out to be scams.Innovative projects show nine out of every 10 projects work a huge potential for scams to emerge.

Well, a project that's good at first doesn't necessarily last. that's why we are emphasized to continue to conduct research on a project on a regular basis. sometimes, quite a lot of CEOs focus on development at the beginning of the development of their projects, but over time this will decrease and then disappear. this is the thing that I find most often from new projects. many projects are abandoned, or even become a scam. So, do your research in depth and continuously. if you feel that the project can not survive, then you just need to sell it.

[Amejoaquim]

I have a simple things to do for avoid a scam project, this is what i do:
1. If the project don't have whitepaper i'm not gonna invest on that project.
2. Anonymous teams. I don't buy in to anonymous teams' projects.
3. Teams that have faces attached to them. Go to google images and reverse-trace the images. Then you can decide it fake or not.

[Smitty Werben Man Jensen]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

For me, it is very difficult to distinguish whether a project is a scam or not. Because many of the projects I participated in turned out to be scams. But he said there is a way to find out about scam projects. People say we should read their websites and white papers. We have to research many projects in order to know the characteristics of scam projects.

Website, white paper and community are very important to see whether the project can potentially be a scam or not,
there are lots of new projects and ending scams because the community is small and the website does not display information related to the team,
so this is why I have a third opinion that you should research first.

[arufox]

Indeed, everyone always wants to avoid fraudulent projects. However, avoiding fraudulent projects, especially new projects, is not easy. Moreover, day by day the fraudsters are increasingly sophisticated in presenting new projects to attract investors to invest so that their goal is to get money from investors. Therefore, before investing in a new project, we must be able to carry out an in-depth analysis and must be prepared for all risks.

Fraudsters/scammers become smarter or more sophisticated because people are aware of their actions. If they did the same ways, people will be easier to identify them. So, we shouldn't be so surprised if they improve their ways, too. However, scam/fraudulent projects must have suspicious parts, we just need to find out the parts by analyzing them deeply. If we can't find suspicious parts on a project, we can assume it is a real project.

To analyze, we must evaluate the whole of a project. Check the WP, their social media, their official site, team members, and the legalization of the project itself.

I agree with you that over time the scammers will get smarter by using all kinds of methods. Therefore, besides we have to analyze in-depth on a project we also have to have the courage to face the potential risks that can be experienced. In addition, never invest in a project just by looking at the benefits offered, you must be able to evaluate team members, white papers, and so on.

[marcous]

I agree with you that over time the scammers will get smarter by using all kinds of methods. Therefore, besides we have to analyze in-depth on a project we also have to have the courage to face the potential risks that can be experienced. In addition, never invest in a project just by looking at the benefits offered, you must be able to evaluate team members, white papers, and so on.

Scammers have good knowledge to develop projects based on hype from crypto community, but they are very greedy to deceive investors of every new project to steal fundraising on token sale and they don't report the use of funds so it is high risk of investing with new projects, so it is better to avoid project investment new to reduce the risk of loss because even though the project partnered with a popular exchange does not guarantee future profits.

[FahriZah]

At the moments find out scam projects is very difficulties because now launching huge priject and first of all need to verifying what is the project teams mission and what are Doing thire and active sicial media like twitter tweets,telegram chat group response and others social media activities.

[cute nmp]

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

[bayudndy]

It's important that you pay attention to what you're doing. If you really care and pay attention, it will become easier to distinguish real projects from real scams. Therefore, it is necessary to have a good knowledge base to be able to protect yourself and avoid the risks that scam projects pose. Research what investment projects are doing as well as how their progress is. Analyzing them and comparing the results of discussions with others can further enhance your verification assessment. However, no single precaution can provide absolute protection, but staying up-to-date, conducting thorough research, and being vigilant about projects can greatly reduce the risk of becoming a victim of scams.

[AakZaki]

It's important that you pay attention to what you're doing. If you really care and pay attention, it will become easier to distinguish real projects from real scams. Therefore, it is necessary to have a good knowledge base to be able to protect yourself and avoid the risks that scam projects pose. Research what investment projects are doing as well as how their progress is. Analyzing them and comparing the results of discussions with others can further enhance your verification assessment. However, no single precaution can provide absolute protection, but staying up-to-date, conducting thorough research, and being vigilant about projects can greatly reduce the risk of becoming a victim of scams.

Doing research as you describe I might have done. In the past there have been many successful projects even without doing research because very few scammers have appeared. But the longer time and crypto started giving good profit, many scammers started to appear. It takes extra effort to do research, sometimes the research that is done produces good grades, but in the end the project that is followed is still a scam and deceives many people. This is a risk that could happen to anyone.

[Furious 7]

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

[JeffBrad12]

It's important that you pay attention to what you're doing. If you really care and pay attention, it will become easier to distinguish real projects from real scams. Therefore, it is necessary to have a good knowledge base to be able to protect yourself and avoid the risks that scam projects pose. Research what investment projects are doing as well as how their progress is. Analyzing them and comparing the results of discussions with others can further enhance your verification assessment. However, no single precaution can provide absolute protection, but staying up-to-date, conducting thorough research, and being vigilant about projects can greatly reduce the risk of becoming a victim of scams.

Doing research as you describe I might have done. In the past there have been many successful projects even without doing research because very few scammers have appeared. But the longer time and crypto started giving good profit, many scammers started to appear. It takes extra effort to do research, sometimes the research that is done produces good grades, but in the end the project that is followed is still a scam and deceives many people. This is a risk that could happen to anyone.

that's true that's why it's just somewhat advised to just follow some project that have went under thorough investigation made by some famous company out there.
one way to know is through following IEO in which the project are all carefully selected by the company like the one launching in binance or maybe kucoin. that's only very few company i listed.

after all even with all the analysis if it's done by some individual like us, there are most certainly something that's being concealed, but if it's these big companies which have a team of expert looking out for the project.
then it could be sure that the project itself is under really diligent inspection and the chance of turning out to be scam is slim.

[nur rochid]

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

[Marcorey]

Before investing in or participating in any crypto project, research the white paper and technical background of the project. See if the project has a practical use and value.
Review the project's transparency and public information. Does the project provide a clear roadmap, goals and development plan.

[peschwecks]

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

There is a joke here. Many investors know that it is a scam. Maybe this token will disappear within 24 hours after it goes online. But there will still be a lot of people buying wildly, and no one here cares about screening whether it is a fraudulent project. These people are completely helping the project party to increase the price of tokens for shipment, and of course they also have their own losses. But they don't seem to feel pain.

[Bolivar_Tony]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

[Furious 7]

So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.

Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.

people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it

You have to sacrifice something if you really want something else because that's a real choice.
If indeed people who only easily carry out this condition with the hope of getting abundant wealth instantly then of course they also have to be aware of the conditions that will befall one of them being trapped in the project they are participating in and exposed to fraud because no matter how hard they are In researching it, we also don't guarantee that you won't be deceived, because that's just one way to minimize it so that we can avoid fraud.
As for when you don't want to know about all kinds of new projects and don't do anything there and only focus on old projects and invest in certain places like bitcoin then indeed we will definitely avoid new project fraud but with a note if you don't get instant riches from meme projects don't be too sorry.
I prefer the second option in this case because I'd rather be in a definite place for bitcoin than have to go back and forth looking for new projects that are just hit n run.

[capedbaldy]

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

I often find some of the main investors in ICO projects in the past but because of the high ICO hype, many ICO prices reach 10x profits, but now we rarely see the main investors in new projects and they are already anticipating investing in new projects, many new investors in new projects on launchpad binance because of the guaranteed profit after the token is registered on the trade, at least above reach 20x profit from the capital

[AakZaki]

that's true that's why it's just somewhat advised to just follow some project that have went under thorough investigation made by some famous company out there.
one way to know is through following IEO in which the project are all carefully selected by the company like the one launching in binance or maybe kucoin. that's only very few company i listed.

after all even with all the analysis if it's done by some individual like us, there are most certainly something that's being concealed, but if it's these big companies which have a team of expert looking out for the project.
then it could be sure that the project itself is under really diligent inspection and the chance of turning out to be scam is slim.

IEO is sometimes not so guaranteed if it's only held on CEX which is less popular, but if it's done on CEX Binance there might still be a lot of interest. But of course there will be a lot of competition. Who has more assets then he will have more and more allocations.
Several times I participated in IEO on Binance and of course only a few I got because of the limited BNB that I hold.

[kevinzxz]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

[Smitty Werben Man Jensen]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To avoid fraudulent projects is quite easy, it's just that we always forget about it,
the way is to analyze the website, linkedin, github, social media, and the project community,

if everything is good then you can invest on there project,
for example, the team profile is connected to linkedin, github is active, the community runs two directions, and social media is always updated,
so I'm sure the project is also going well.

[blackened515]

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves. 

[Ngemmeng]

This is one of the most discussed topic in this platform or rather this section, it is kinda easy to avoid scam project, Most scam project come with faceless people, promising huge profit and returns, And for me one of the ways I identify good project is by looking at their lead investors, If they have popular lead investors in the project and it's a go for me, though it's not a guaranty because anything can still happen.

I often find some of the main investors in ICO projects in the past but because of the high ICO hype, many ICO prices reach 10x profits, but now we rarely see the main investors in new projects and they are already anticipating investing in new projects, many new investors in new projects on launchpad binance because of the guaranteed profit after the token is registered on the trade, at least above reach 20x profit from the capital

I think it's not a matter of trust in ICOs but trust in new projects is dropping. we can see many types of token sale like IEO IDO failed, not because investors don't trust this kind of sale system but don't believe in the quality of new projects nowadays. nowadays more and more new projects are popping up but most of them fail because they are not able to compete or because the team is concerned with personal interests.

[$crypto$]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To avoid fraudulent projects is quite easy, it's just that we always forget about it,
the way is to analyze the website, linkedin, github, social media, and the project community,

if everything is good then you can invest on there project,
for example, the team profile is connected to linkedin, github is active, the community runs two directions, and social media is always updated,
so I'm sure the project is also going well.

Actually, things like that can still be done if you have enough free time to research things like that, but I personally prefer things that are easier than that, namely by not looking at new projects where the probability of fraud is very large.
Even though I am quite aware that in this case new projects are not all bad but can be felt, on average they are something that does lead to fraud so with my limited time and I also don't want to waste time just to be in front of the computer constantly checking and researching the erratic ones so in this case I'd rather not touch them in the slightest.
The risk is that maybe we will be left behind with a good new project there, but on the other hand this is also quite worth it because we don't have to worry about being scammed in a new project.

[kawetsriyanto]

I think it's not a matter of trust in ICOs but trust in new projects is dropping. we can see many types of token sale like IEO IDO failed, not because investors don't trust this kind of sale system but don't believe in the quality of new projects nowadays. nowadays more and more new projects are popping up but most of them fail because they are not able to compete or because the team is concerned with personal interests.

TBH, it is difficult to trust ICO anymore because there were too many ICO scams. I prefer to invest in a new coin that provide its IEO in big exchanges. Sure, there is no guarantee for the success of a new project with IEO or IDO, but it is better than ICO projects. However, we shouldn't focus on the way the project to provide their public sales, the fundamentals of the project is the main point to be checked. Although they hold IEO, it has a big chance to be failed if the project has a weak fundamental and inexperienced teams.

[SlimShadyMmp]

I usually wait for the token launch then maybe give it all the room for their hype and then the boring phase Most scam project usually after the pump and hypes disappear while the good project takes its time to gain trust of its community and grow Usually you start buying when coins are dumping and there is a little doubt among investors If you trust the project then buy all the lows

[lobo13hf]

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves. 

don't forget the fact that scam projects always offer tremendous returns for the sake of getting attention from all those greedy people.
because the devs know that they will never deliver thats why their promise are so big.

[Inspiron14]

if my advice, don't immediately invest in a new project, but wait for the project to have progress and run according to the roadmap, so if the project progresses according to the roadmap, then you may invest in the project, because the possibility of the project being a scam is very small or you can see the partner of the project, if the partner is legit and good, then the possibility of the project being a scam is very small, but of course you have to first find out if the partner mentioned in the project is true or fake.

I've fallen victim of several scammed projects, but giving up is not option, standing back to my heel. Avoiding scammed project is easy, just exercise patience and a thorough research on the project. However there are countless scammed projects out there, we apply caution when investing, any project that doesn't have a solid road map or reasonable trading volume should be consider red flag in the market, but the desperate and greedy traders will always fall victims, simply because they want all the profits for themselves. 

don't forget the fact that scam projects always offer tremendous returns for the sake of getting attention from all those greedy people.
because the devs know that they will never deliver thats why their promise are so big.

Right because it became an attraction that could be said to be quite working and was definitely targeting those greedy people,
if experienced people when they know like that then they will avoid it,
don't forget that scam projects also have many ways, so we still need to be careful.

[smile1218]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To be able to avoid and identify scam projects, it is important to do thorough research and exercise caution before investing time and money into any project. Look into the background of the project and its team members. Check if they have a history of successful projects or if there are any red flags. A legitimate project should have a clear roadmap outlining its goals and milestones. If there is no clear road map it may be a red flag.  Check on the whitepaper of the project. If there is no whitepaper or it seems incomplete it maybe a sign of a scam. Check for social media channels, forums and other places where the community is engaged. Beware of promises of high returns. Always do your own research to avoid scam projects.

[nyashenka]

There is only one way to avoid scam projects is to not to trust scam projects and check all the information several times. It is better not to invest in the projects that offer too big and unreal profit. But usually people like such projects and invest in them. Nobody will pay you too big profit.

[Doan9269]

I usually wait for the token launch then maybe give it all the room for their hype and then the boring phase Most scam project usually after the pump and hypes disappear while the good project takes its time to gain trust of its community and grow Usually you start buying when coins are dumping and there is a little doubt among investors If you trust the project then buy all the lows

Actually there's more advantage in going for a project prelaunch sales in other to maximize more return on investment but it also have higher risk because some will only use that avenue to scam investors and run away, but when we are very good at doing research on these projects, we will know the good ones from the bad and how to identify one when we come across them before making an investment.

[Tigerheart3026]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well?

you can not identify a project without deep research:-
firstly, you have to check project team members, i see in the scam projects they include fake/edited photos from google. it is very important to detect scam/fake projects.

then you should check their whitepaper (in fake project most possibility to it's copy/paste), then their roadmap.

[Tomcolor]

If you have no knowledge about crypto market then you couldn’t identity good or scam project. So that's first you should learned about crypto more then you can understand early which project will be profitable. Maybe this time need to avoid new project and waiting for green market.

[podluznyj]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Yes, today there are a lot of scam projects and it’s difficult not to fall for their bait, so as not to get into such a scam company and not invest your money in a scam project, then it’s better to check everything on this project, the team, on crypto sites, if everything is OK can invest in this project

[woez]

If you want to invest in altcoins, I will try to provide several ways to minimize the risk of investing in fraudulent projects. First, look for projects that have been around for a long time and have a solid track record. Second, check if the project is keeping up with upcoming altcoin trends and is listed on popular centralized exchanges. that way it was born and there was a level of trust and legitimacy associated with the project.

One more piece of advice Invest in Bitcoin. Even though the price seems expensive, this can be a safe and secure choice.

[@sriyan]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

First, check their website and the whitepaper. Then check the social media presence. If they asked to buy an NFT or something, do not interact with it. Always focus on coins rather than tokens. Because there is a higher probability to scam the token projects.

[ammo121810]

To be able to avoid a scam project we need to research the project and its team thoroughly. Research for the information about the project's goals, team members and also the track records. Check as well for the red flags such as promises of high returns with a little effort, lack of transparency or pressure to invest quickly. Look for independent reviews and feedback from other investors. Be aware of unsolicited offers from people claiming to be from the project team. Consider the projects legal status and whether it is registered with relevant regulatory body. Also do not invest more than you can afford to lose. By following those tips you can be able to avoid scam projects.

[waONE]

To avoid a scam project, you have to analyze fundamentally, because technically, of course it won't work.
Good fundamental analysis is by analyzing the team of the project, reading the whitepaper, and seeing whether the community of the project is active or passive,
if it is active then the project can be said to be good because the team and community have well communicate.

[evichi]

The key approach to avoid a scam project is to research on the project intention - Are they more interested in solving problem for the community, or did they simply jump into ICO, IDO? Find out about the team behind the project? Are they real people with work experience? Have they done crypto projects in the past? and how succesful were they? Check the website - is the website with many typographical errors? etc. Carrying out proper research is the best way to avoid scam projects. It is good if you can make check list to guide you on what to look out for.

[Sterbens]

One more piece of advice Invest in Bitcoin. Even though the price seems expensive, this can be a safe and secure choice.

This is the most likely method. We cannot continue to stand by and keep an eye on projects that are sometimes getting more and more day by day. Maybe if it's an old project and it's solid enough, it can still be done, but mostly for now for new projects, investment is just a word that is indeed to cover the desire for a pump and dump system because for new projects, the average is like that by expecting a large return instantly.
Being in bitcoin for now is still very worth it to do talking about prices maybe compared to altcoins it is still very far from the difference but when talking about comparisons in terms of risk bitcoin is very much more worth it than altcoin.

[JeffBrad12]

To avoid a scam project, you have to analyze fundamentally, because technically, of course it won't work.
Good fundamental analysis is by analyzing the team of the project, reading the whitepaper, and seeing whether the community of the project is active or passive,
if it is active then the project can be said to be good because the team and community have well communicate.

that is not enough, fundamental doesn't always guarantee good project, instead I think its credibility through partnership that guarantees project will never scams.
those projects that usually getting partnership with big venture capital and even held their presale through the service of some big exchanges are usually will thrive.
it's quite different with the other project that just doing everything by themselves since its exposes much more hole for them to exploit.
I think whats important is partnership since usually before partnership formed. they've looked thorougly towards the project themselves.

[axxo]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.

[lunnatic]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.

These methods certainly require a lot of time, but we must be aware that we cannot completely avoid scam projects,
by doing research does not mean it is a guarantee of avoiding scam projects,
at least by doing that it can minimize.

[Tahid12]

Op you need some correction, in opinion. new project launch daily but a few project can successful and most of projects come to scam people sooner or later. My suggestion is, always Google and find info about them as much as can and dyor deeply. But for newbies, simple solution is to avoid new project to avoid being scammed. I believe new projects are for crypto experts only as scammers are everywhere

[CapGelatik]

To avoid project scams, of course, we can only overcome them by analyzing the altcoin project,
such as by means of fundamental analysis by looking at communities, social media, white papers and even websites,
if the fundamentals are said to be good then the next step is to analyze technically.

[timoshani]

The scam project can not be avoided successfully now because it created by clever people – hackers. Yesterday I lost my stablecoin from Matic and BSC. It was a project for claiming free NFT. I noticed late that there is a switch between wallets. I managed to turn it off before connecting to the Ethereum Mainnet

[CapGelatik]

The scam project can not be avoided successfully now because it created by clever people – hackers. Yesterday I lost my stablecoin from Matic and BSC. It was a project for claiming free NFT. I noticed late that there is a switch between wallets. I managed to turn it off before connecting to the Ethereum Mainnet

I'm sorry for you, and I hope you can get more results from your efforts, of course you don't give up even though you have been hit by scammers,
and in my opinion we can avoid scammers by analyzing these altcoins,
and if you take part in the airdrop of course you have to really understand the risks because now there are so many airdrops that redirect to our wallet.

[Ngemmeng]

Op you need some correction, in opinion. new project launch daily but a few project can successful and most of projects come to scam people sooner or later. My suggestion is, always Google and find info about them as much as can and dyor deeply. But for newbies, simple solution is to avoid new project to avoid being scammed. I believe new projects are for crypto experts only as scammers are everywhere

And what needs to be emphasized here is that a failed project doesn't mean it's a scam because the team might have tried, but the market response when listing didn't match the expectations of the team and the community. and in my opinion searching for information about a crypto project on Google is not the right thing to do because not all information about crypto projects can be found on Google.

[dunfida]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

To be able to avoid scam projects you need to do your own research and think carefully before investing in any project. You need to consider some things to be able to avoid scam project. You need to check on the white paper and read it carefully and make sure it is well written and it makes sense. Check as well the project's roadmap it must be clear and it has milestones. If the roadmap is unrealistic then you should doubt about the project. Check also the background of the project team members if they involved in scam or they are involved in a successful project. Consider also the community support they are receiving from the investors. Do not just believe in a project who seems to good to be true and promises a high returns with little risk.

These methods certainly require a lot of time, but we must be aware that we cannot completely avoid scam projects,
by doing research does not mean it is a guarantee of avoiding scam projects,
at least by doing that it can minimize.

Lessening or minimizing it should really be the next thing to do specially if you do have that initial experience on losing money due to scam projects which its true that we cant really completely get rid of it.
Basing up on experience there are legit looking projects did turns out to be scam in the end and there are projects who do look gibberish but did becomes so valuable on which this is one of the hardest thing for you to be
able to point or predict out in speaking of project potential which turns out to be reversed and this is why there are people who do rush on considering on dealing with shitty looking projects and taking up such step or risks
since they do have seen the probabilities.

The most important that thing that you would do is to make yourself that make use of your own common sense and make your own research always.Try to verify out every information and trying out to
seek or search for some red flags for you to be able to avoid while its still early.If you dont make yourself that wary then you are really that prone into lots of possible errors.

[ananyabushra]

We should all start using features like smart contract scanners and auditors. By using them, we can understand if the contract is corrupted. Those come in handy for identifying scams

[JunkieMiner]

Look at the products of the project, that what they are really trying to achieve and on what basis their work is ongoing. Look at their partnerships with the top projects. And mostly you should look at the backed by system, that which project has invested in that projects. This could help you.

[Doovla3]

If you are using Telegram and got some projects interesting for you and suddenly you got a call from somebody with same name like admin in that group telling you that you go to other group also telling you that group you are in is scam is a scammer guy,be aware.
Many scam project dont have stable websites. Updates every time with some details that in first look is not predictible,be careful you can lose a lot money.
That is my experience.

[Doovla3]

The scam project can not be avoided successfully now because it created by clever people – hackers. Yesterday I lost my stablecoin from Matic and BSC. It was a project for claiming free NFT. I noticed late that there is a switch between wallets. I managed to turn it off before connecting to the Ethereum Mainnet

Yes, they know many steps in future how to fool somebody. I lost altcoins in BSC and ETH. They dont even got from me private key.. I dont want to pay some people on Twitter for recover funds i just move to next step and putting all my coins in exchanges. What do you think?

[nur1labs]

for not scam project maybe bases on real project. this mean we need trust project by seek the progress on roadmaps or news keep alive. so far. pin point to they start project and after start project. result is end. if they keep news and progress track mean the project safe. make sure see team is real ok. that my assumption since many dev make bad today too much see the dream of day cause too big risk. Well we see what next become new project with system new bases.

[Doovla3]

Look at the products of the project, that what they are really trying to achieve and on what basis their work is ongoing. Look at their partnerships with the top projects. And mostly you should look at the backed by system, that which project has invested in that projects. This could help you.

Just like so product can be found on website it does not mean that it is real project ,that it is just another scam. You should take a look on project roadmaps , whitepappers and other realisations that they believe they can achieve. But today it is risky because when you know all that and it seems its true that it is not scam something suddenly goes wrong and like there is no back your money or your time you put in project. Good luck really.

[gurunanakji777]

We should examine their motto and determine whether the project team is anonymous. It's important to also assess their activity on social media platforms, including checking their presence and engagement. Additionally, it's advisable to evaluate the size of their social media community. Some projects may have minimal social media activity and lack engagement from their marketing team. It's essential to review the project's roadmap to see if they are actively implementing it. Furthermore, their plans for listing should be considered if they mention listing on tier 3 exchanges, it might be prudent to steer clear. Listing on such exchanges can potentially harm the project due to reduced liquidity, leading to a significant drop in price.

[aseprebel]

Take the time to research the project thoroughly. Look into the team behind the project, their background, experience, and credibility. Scammers often use fake profiles, so verify the team's authenticity.

[Romeotom]

If you will a inactive project then you can understand this project is pure scam. On the other hand they always spread lies and they are very poor in terms of development activities. When they don't have investors the price of their token drops and the absolute volume is depleted.

[RewFrew]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Many new project launching everyday. Sone are doing well and some are scam. But now a days scam project are maximum. Scam project founding is very difficult but it is possible. Because If we follow some things then we will understand this project is good or scam. At first we have to know about project manager then, Partnership, mission, vision, team etc. If we follow this we will gaze how will that project.

[fmz89]

first you need to see tokenomics from project, and if the project doing crowdfunding, sometimes real project asking kyc to user participant
some of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty

[Boomber]

an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).

[shinratensei_]

first you need to see tokenomics from project, and if the project doing crowdfunding, sometimes real project asking kyc to user participant
some of binance launchpad is safe but hardly to participate to much gain attention, the easyway to participate without speending money, was using bounty

nowadays to participate in the sale of tokens thats truly legit and already having been reviewed thoroughly by some big company like binance which you know the reliability of the company itself in term of reputation surely
they'd take it seriously when they took those project sale of token under their wings, is through various means but most of them are just subscribing through the sale with the binance in your arsenal.
the thing is that, there are some other way to participate is through getting whitelisting from the project itself, through the means of doing either bounty or just fulfilling the qualifications made by the devs themselves which sometimes prove to be either difficult or not difficult at all but somewhat obscure qualification since usually its not revealed by the devs until the day that they choose to make some announcement.

[yohananaomi]

an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).

a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.
Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.

[AliDeep]

an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).

a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.
Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.

Scams continue to appear because always people want to earn more to have more projects and scams always offer the opportunity to earn more. They suggest a conditions that are so good to be true.

[Blitzboy]

an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).

a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.
Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.

Relying on well-established coins like BTC, ETH, and BNB without taking into account the potential growth in the unexplored cryptos. Although these titans have solidified their reputation, don't forget how BTC was once derided as "magic internet money." Time and tide do not wait for money

Its simple to repeat the prevailing wisdom. breaking new ground is more challenging. While I agree that it is prudent to exercise caution in a volatile market, it is a limited viewpoint to write off new initiatives completely since some of them turned out to be frauds. True investors evaluate possibilities rather than getting caught up in the security of the known. Take a deep breath, question the norm, and then make a choice

[Lizzie_Girl]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

You don't need to be in many projects. You just need a few good project and you're good. How to select those few... There are many ways to achieve that. As many of my friends explained here that you have to look for what it want to achieve. Is it something valuable or just to take your money away. Most important is the team behind it. Do they have history of something good then you can research it more and look for other factors.
Besides these the narrative atm matters a lot. Because if it favors the project it can go wild but if not then even the project is good it might not do well. So You gotta consider a lot while doing research. So when you will be on the way of doing things, the best you can learn is that time. Keep hustling.

[bakasabo]

The only possible way to avoid scam project or being scammed in any other way is not to make any investment and be silent in the Internet about having cryptocurrency. Simply doing nothing is the best way to avoid having troubles.

User can make hundreds of researches, check every bit of information about the project, yet there is still a possibility he would be scammed. He might even be scammed indirectly. The project user have invested might be hacked and all the funds project raised will be lost. For user, that will be a same loss of funds. User will never get the truth behind actions of a project, and will mark this project as a scam, even if the project is legit. Crypto mostly is about making a risky move. Risk is always connected with scam. How to avoid scam ? Be a lucky person.

[JahriMeayer]

You don't need to be in many projects. You just need a few good project and you're good.

Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things.

[JeffBrad12]

You don't need to be in many projects. You just need a few good project and you're good.

Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things.

honestly investing in many projects is okay, the thing is that, many are just randomly picking some random project based on their guts and put their money there.
of course they would definitely get scammed eventually one day.
had they followed only project that is being sponsored by some big company like binance they'd be fine, they could be investing thousand times in a month and their investment will mostly still retains their value even though sometimes the value is going down.
thats simply the key here that many seem to just ignore, just stick with project sponsored by big company.

[Twentyonepaylots]

You don't need to be in many projects. You just need a few good project and you're good.

Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things.

honestly investing in many projects is okay, the thing is that, many are just randomly picking some random project based on their guts and put their money there.
of course they would definitely get scammed eventually one day.
had they followed only project that is being sponsored by some big company like binance they'd be fine, they could be investing thousand times in a month and their investment will mostly still retains their value even though sometimes the value is going down.
thats simply the key here that many seem to just ignore, just stick with project sponsored by big company.

The only reason why some people are risking their money on random projects is because they want to get their hands on it before it goes boom or popular in the market. This is the main reason why people always get scammed because they are expecting easy money, and they keep assuming these new projects are worth it rather than putting their money on existing good projects. The best way to avoid a scam project is to avoid looking for an easy or fast return of profit because if you keep looking for this kind of project, you will just end up being scammed and bankrupt.

[Kezacky]

I think,There are different ways of knowing scam projects which include monitoring the project team from the start till the end because so many projects are coming with lies and plagiarised white papers just to attract investors.
Before investing in any crypto project, you should make sure you make good research about the project so that you will not fall victim of scam projects.

[yohananaomi]

I think,There are different ways of knowing scam projects which include monitoring the project team from the start till the end because so many projects are coming with lies and plagiarised white papers just to attract investors.
Before investing in any crypto project, you should make sure you make good research about the project so that you will not fall victim of scam projects.

The principle is that you always have to do research before you want to make an investment, especially for new projects that can always fool us. I agree with you that for every new project, there are several stages before placing the funds, including the team behind it, the white papers, and others. It must also be remembered that many projects are smart enough to cheat; even though everything looks good, what is most often done is to make the price received lower than when buying, so many investors suffer losses.But it is always to analyze, even though not necessarily the analysis will always work well. At least fraud can be avoided.

[AnonBitCoiner]

The only possible way to avoid scam project or being scammed in any other way is not to make any investment and be silent in the Internet about having cryptocurrency. Simply doing nothing is the best way to avoid having troubles.

Will you not not drive the car because there is possibility of accident?
All projects are not equally scam , there is many worthy projects having real use case backup by Binance and other big trusted ventures. we can easily select quality project if we do little research. Ethereum, XRP, Matic, Bnb and many other projects are long term projects and we can say that these projects are worth to invest

User can make hundreds of researches, check every bit of information about the project, yet there is still a possibility he would be scammed. He might even be scammed indirectly. The project user have invested might be hacked and all the funds project raised will be lost. For user, that will be a same loss of funds. User will never get the truth behind actions of a project, and will mark this project as a scam, even if the project is legit. Crypto mostly is about making a risky move. Risk is always connected with scam. How to avoid scam ? Be a lucky person.

actually the possibilities you mentioned is not happened always and Ratio of hacking in very low so we can say that 1% legit project could also prove in indirect scam but other projects are still trusted and one could invest safely. as far as risk concern then investors should always invest according to fund he afford to live happy life without these investing fund and this is not only specific with crypto. if you start any business then risk is involved there and possibility of losing is possible there too. OP wants to ask the basic of knowing scam project so that he can make difference between legit and scam project which i think is team details, backup information, Contract verification and the idea any project working on it.

[Blowon]

There isn't any. Things like that cannot be completely avoided, it's just that we have to always be alert and always do very in-depth research so that we are really sure about the project we are taking part in. Even though some of them seem to promise public sales with huge discounts, or have a roadmap in general, it also can't even be confirmed whether they are a scam or not.

[poodle63]

There isn't any. Things like that cannot be completely avoided, it's just that we have to always be alert and always do very in-depth research so that we are really sure about the project we are taking part in. Even though some of them seem to promise public sales with huge discounts, or have a roadmap in general, it also can't even be confirmed whether they are a scam or not.

actually things like scam project could simply be avoided by only trusting the most reliant platform there is and sticking with it.
like for example you wanna invest in new project, just follow the ones sponsored by some big exchange like binance.
if you still don't really trust these new coins that much because maybe they are not that good in your eyes you can just invest in coin like ethereum that have history of having long established and still reliable until today.
its quite simply actually, the main reason why many gets scammed because they are greedy enough to invest in something so obscure.

[Sophokles]

Understanding how people are being scammed and the methods being used by scammers is crucial. Increase your knowledge about account security as knowledge is the key to power. Identify a scammed project from a legitimate one by using your knowledge, instinct, and common sense. Examine the LinkedIn profile of the project team and their background.

[DabsPoorVersion]

There isn't any. Things like that cannot be completely avoided, it's just that we have to always be alert and always do very in-depth research so that we are really sure about the project we are taking part in. Even though some of them seem to promise public sales with huge discounts, or have a roadmap in general, it also can't even be confirmed whether they are a scam or not.

It depends on the situation. Most of the scam projects can be easily detected if you do deep research. Most of them actually have no clear plan for the project and sometimes their plan is an overall copy of another project. But yes, there are some projects that really build up their own plan, which looks serious but, in the end, they end up being a scam project.

[Ripon9909]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

op you asked a good question. How can we avoid scam projects? According to my knowledge, it is very difficult to identify the scam project. But if you try, you can identify it, even though the project is scammed by the team. Because they don't keep what they say while running the project, instead they kill the investors' money and become pointless. A good way to recognize a project is if the team follows their project roadmap and the company has an audit pass. If these are there then it can be said that it will not scam.

[Wiwo]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The fact is that,  89% of all the project fhat are popping up right now are all scams and only a few unnoticeable ones have been successful so far,  we have to be very careful in doing our own research before we ride with any wave that comes along,  this is important because altcoin projects,  and the industry in a whole ride on hype and if an investor is not careful you can end up investing into a scam project since their number seems to be higher than that of legit projects.

So we must be weary of hypes such as the current meme coin hype, which is currently leading to many scams.

[cute nmp]

There are so many scams project nowadays ,we can only avoid them by making a good research about the project ,what concept does the project has and the team behind the project that way you can be able to avoid most of them and protect your funds from scammers.

[nurilham]

You don't need to be in many projects. You just need a few good project and you're good. How to select those few... There are many ways to achieve that. As many of my friends explained here that you have to look for what it want to achieve. Is it something valuable or just to take your money away. Most important is the team behind it. Do they have history of something good then you can research it more and look for other factors.

Agree. We mustn't invest in too many projects, it will make us confused to manage our crypto assets. It also increases the chance to join scam or weak projects because having too many projects means to have an extra efforts to analyze them. When we analyze too many projects, we may not be very careful due to spending too much energy. That's why we are better to invest in a few projects only, choose the most convincing project that have strongest fundamentals.

Sure, when we choose a project, we must ensure the project has a good fundamental. They have trusted teams/developers, convincing products, clear roadmaps, good partnerships, and they plan to list the tokens/coins in reputable exchanges. These are some matters that we must take a look on the project before we decide to join it (buying the coins/tokens).

[Gallar]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Of course, you have to do a really thorough analysis or research on the new altcoin or token that you are going to buy. Like finding out who founded the altcoin and what was the purpose of creating the altcoin. The simple analysis that I usually do is like that. Because in my personal opinion, knowing the name of the founder and knowing what the goal of the project is. Become a keyword and it will be more visible in the direction in which the altcoin is created. Is it to commit fraud? or created to develop a clear project.
But even so, fraudsters in the crypto realm will definitely cheat in order to trick or deceive their buyers. So even though the two factors above have been carried out and for example the results are positive. But you have to be careful. Because it is possible that fraudsters in the crypto world manipulate data to make it look more promising.

So my advice is, it's better to buy cryptocurrency whose quality is really clear. Like buying cryptocurrencies that have a rating of 15 and below. Especially if you are still a beginner, it is better to avoid risks. Because maybe it is true that some of the altcoins or tokens that have just been launched, maybe some of the coins might be profitable. But to find out which altcoins are profitable or at least not fraudulent, in my personal opinion this is very difficult. Because as you know, every month not only one or two cryptocurrencies come out, but more than that. So it will definitely be very difficult to analyze it, especially for a beginner in the crypto realm.

[Hildentine]

In this case i said that anyone who wants to invest there fund in new project in this time many scam project are coming in market first of all collect information about project then check what say old users about project see the project partners etc that all thing show that the project are strong are not .
If a project not strong so can't trust.

[Fuso.hp]

We are constantly seeing new projects in the market, so it is difficult but not impossible to find a real project among so many new projects. Real projects can be found if the project is properly scrutinized. Before investing in a new project, the website must be observed for a few days, if the website of the project can be observed for a few days, then it will be very clear to a user what the project is like. Then we should try to know how much the people in charge of the projector are sharing their verified address or profile. How long is the domain of the project website or how much is the rating of the project website by monitoring these things well then we have to be sure that how much the project is real or how much is fake although it is not possible to get 100% information this way, still it is much better to know this way than not knowing anything.

[Blitzboy]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Of course, you have to do a really thorough analysis or research on the new altcoin or token that you are going to buy. Like finding out who founded the altcoin and what was the purpose of creating the altcoin. The simple analysis that I usually do is like that. Because in my personal opinion, knowing the name of the founder and knowing what the goal of the project is. Become a keyword and it will be more visible in the direction in which the altcoin is created. Is it to commit fraud? or created to develop a clear project.
But even so, fraudsters in the crypto realm will definitely cheat in order to trick or deceive their buyers. So even though the two factors above have been carried out and for example the results are positive. But you have to be careful. Because it is possible that fraudsters in the crypto world manipulate data to make it look more promising.

So my advice is, it's better to buy cryptocurrency whose quality is really clear. Like buying cryptocurrencies that have a rating of 15 and below. Especially if you are still a beginner, it is better to avoid risks. Because maybe it is true that some of the altcoins or tokens that have just been launched, maybe some of the coins might be profitable. But to find out which altcoins are profitable or at least not fraudulent, in my personal opinion this is very difficult. Because as you know, every month not only one or two cryptocurrencies come out, but more than that. So it will definitely be very difficult to analyze it, especially for a beginner in the crypto realm.

Before investing in a cryptocurrency, research is crucial. Consider the founder's and project's goals. I agree that knowing the founder and objective isnt crucial. Cryptography is ecological, and honesty and dishonesty coexist. Like getting lost in a maze - one false step might lead you nothing. Its crucial to verify every facts because bogus news can look excellent. Your advise is great. For beginners, sticking to well-known cryptocurrencies, especially the top ones, is safest. Even seasoned crypto experts often struggle to keep up with new ones. Always prioritize quality over potential profits, especially for novices.

[JayTrain]

Sometimes you look at a project from all sides, and there is not even a hint of fraud, but then, unfortunately, it becomes apparent, what am I getting at, that fraud in projects is now like an art, it can be so impregnable and at first glance difficult to understand.  I can’t recommend what to pay attention to first, because there are scam projects even with a lot of capital on board.

[oktana]

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

[TelolettOm]

Sometimes you look at a project from all sides, and there is not even a hint of fraud, but then, unfortunately, it becomes apparent, what am I getting at, that fraud in projects is now like an art, it can be so impregnable and at first glance difficult to understand.

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

Of course, there is no fixed ways to determine scam projects. Everyone has their own way to check a project, but there is no very accurate way to know it. In common way, we can check the track record of the teams/developers, know the fundamentals of the projects, analyze the whitepaper, take a look their partnerships, and learn how strong the community supporting the projects. However, sometimes all of them have been analyzed well and we have found nothing suspicious. But at the end of the day, the teams/developers suddenly disappear, and the projects can't survive longer. I already experienced this several times. So, it is very difficult to check or analyze a project where it is a scam or not.

[batang_bitcoin]

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

That's right, because at the beginning even the known scam ones have hard time when people figured out that they were scams. But before, they're like the most authentic ones that made people optimistic about them but then, it's all about lie.
It's all about the promises that they've made to their communities but then they've broken most of those but made some of it. And then, from all over the entire community that they seem to be at their peak, that's when they're going to cut their ties and will turn the route backwards and will execute the scamming tactics that they're about to pull.

[Yaunfitda]

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

It's really very hard to identify scam projects very early but there could be red flags,

a) developers doesn't want to show their faces or wanted to go anonymous, it could be, but they might be hiding on this reasons so that when they run off, no one will know them

b) poor written whitepaper, maybe they are in a hurry to released it and perhaps just hire someone to write for them without checking the output. And then someone will call them about the copy whitepaper

c) the design of their website is poor. Same with whitepaper, this scammers wanted to put up their website ASAP to show that indeed they are real. But if the website UI is poor and not appealing and you think that they are taking about millions but can't even create a good website that it looks like a 10 year old build it, then think again on investing on them.

[oktana]

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

It's really very hard to identify scam projects very early but there could be red flags,

a) developers doesn't want to show their faces or wanted to go anonymous, it could be, but they might be hiding on this reasons so that when they run off, no one will know them

b) poor written whitepaper, maybe they are in a hurry to released it and perhaps just hire someone to write for them without checking the output. And then someone will call them about the copy whitepaper

c) the design of their website is poor. Same with whitepaper, this scammers wanted to put up their website ASAP to show that indeed they are real. But if the website UI is poor and not appealing and you think that they are taking about millions but can't even create a good website that it looks like a 10 year old build it, then think again on investing on them.

I do not agree with a. I know of a project that refused to share any information of the team. From their admins to the CEO was keep private, and people were investing. After a long while of maybe almost 2 years, the CEO finally shared the info of who he was. That project was a genuine one yet, you see how that went? For your option c, it isn’t necessarily true because I’ve seen great project with a simplistic website and have also seen scam projects with really amazing design (just to entice you).

[GreenStox]

We are constantly seeing new projects in the market, so it is difficult but not impossible to find a real project among so many new projects. Real projects can be found if the project is properly scrutinized. Before investing in a new project, the website must be observed for a few days, if the website of the project can be observed for a few days, then it will be very clear to a user what the project is like. Then we should try to know how much the people in charge of the projector are sharing their verified address or profile. How long is the domain of the project website or how much is the rating of the project website by monitoring these things well then we have to be sure that how much the project is real or how much is fake although it is not possible to get 100% information this way, still it is much better to know this way than not knowing anything.

because this is in the online world, crime or fraud can easily occur, but the things you mentioned also do not guarantee that you will be safe, but can reduce the risk.

[Velemir Sava]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Personally, I first read the threads in project posts from those I follow, then wait for comments from seniors who understand more about project analysis and usually there is a link sent for proof. Another attempt I made is use their own analysis and finally browse their website, their social media, whether they are updated or not, if not, it's just pretend. Oh yeah, Baunthy Manager is also one of them to see and  identify the project good or no.

[Bushdark]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Personally, I first read the threads in project posts from those I follow, then wait for comments from seniors who understand more about project analysis and usually there is a link sent for proof. Another attempt I made is use their own analysis and finally browse their website, their social media, whether they are updated or not, if not, it's just pretend. Oh yeah, Baunthy Manager is also one of them to see and  identify the project good or no.

There are many ways we can avoid scam projects so that we are not going to put money on projects that would become rug pull after a short while. It is very important for us to ask questions about new projects we intend to put our money. Making research is also important for us to to do before we put money in any crypto projects.
The cryptocurrency market is full of scam projects and if we don't plan well or scrutinize any investment, we can end up putting our money on short term projects that could crash and take away our money instead of making profits from such projects.

[Kuntus]

I mean we at one point had our own experience/s of being scammed once or twice before we got understand that there obvious red flags we missed, which has now become our guide.

Research the Team: Check the backgrounds of the project's founders and development team. Genuine projects usually have transparent team information on their websites or social media profiles. Be cautious if key team members remain anonymous.

Red Flags: Watch out for common warning signs like promises of guaranteed returns, high-pressure tactics, or requests for large investments without proper documentation. If it sounds too good to be true, it probably is.

Community Engagement: Legitimate projects actively engage with their communities through social media channels, forums, and official communication channels. Look for projects with a strong, involved community and responsive development team.

[Sophokles]

When I looked at some successful projects like ETH, BNB and some others I saw something common among them. All of them are active in development and they always announce all of it on their social media. Their team is active, their community is active and I saw all of them keep partnering with other big projects to grow their influence. If you find all these in a project then there is a high chance that it is a legit project.

[Belarge]

The real truth is that there’s no particular test to know if a project is scam. But you can pay attention to red flags when looking for what project to invest in (especially these new alts). One of which I’ve seen is when a project’s team members is not having any tangible or reputable background. Additionaly, check the use-case of the project, check what problem the token solves and how effectively it does that.

We can not escape from the scam projects we face daily in the system but we can reduced them only if we're able to understand ourselves and not rush into all projects we see in the market. There's no case to acknowledge a project to be a scam project because there are more to understand other than just observing my with our mere naked eyes. Project background does matter for an investor to be able to understand the entire process, examine the road map and the moderators behind such projects, and this is certainly the facts about these scam projects, they tend to offer huge promising and massive profits outcomes which is not pure false.

[nurilham]

We can not escape from the scam projects we face daily in the system but we can reduced them only if we're able to understand ourselves and not rush into all projects we see in the market.

How to reduce the scam projects?
There is no way to reduce the number of scam projects. We only can avoid to join the scam projects.

Sure, there will be always more and more scam projects because scammers won't stop to steal people's money. They do it since they know it still works to do, some newbies or beginners are still trying to participate in those projects. They think they will try their luck on the new projects, they don't know that many new projects are scams. But for people who are experienced enough in crypto investment, probably prefer to choose established projects//coins. Moreover, in the current situation when most crypto coins are cheap enough. They will optimize to fill their wallets with more trusted coins.

[Samlucky O]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I think the ways of identify a fake project is by checking for there transparency and how credible dey are and also checking there technical white paper. Also by checking there community engagement and how long the project will last.

Some project are just a short term project that will allow you to invest your hard earn money on a boble. Which might explode withing the shortest period of time.

[goldkingcoiner]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Just remember to listen to your gut feeling, and most importantly, always make sure you are following common sense. Those two things will keep you very safe. However, if you slacken the security, then you might find yourself in trouble.

Most scams are built very poorly and lazily. And this is the most important identifying mark of a scam project. A professional project will have put in a large amount of work, and therefore money, into every detail. Also, they will try to make sure that their business is completely transparent. The same goes for their team members. There are no anonymous team members. They should vouch for the project with their real identity, and they should be able to prove that they are who they say they are. A scammer usually would not waste money or time on a scam project.

[Justin999]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge. So newbies are much helpless and one step ahead of being scam from those professionals. So buy old coins which growth percentage is good since launched. Go to cmc or coingecko and pick your choice among top20/top30. Memecoins like doge, shiba are better to skip

[TimeTeller]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge. So newbies are much helpless and one step ahead of being scam from those professionals. So buy old coins which growth percentage is good since launched. Go to cmc or coingecko and pick your choice among top20/top30. Memecoins like doge, shiba are better to skip

The very simple first step on how to avoid being screwed over the net is at least search a lil bit about the project.
Because in today's internet, you can practically search for anything. So you can already get a lot of feedbacks or reviews on a certain topic.
As to move forward, at least give yourself a lil bit of time to assess the project itself and not driven by the fud surrounding it.
A lot of people are jumping on the hype because they believe they will also have the same fate of earning profits as claimed by others.

[JeffBrad12]

When I looked at some successful projects like ETH, BNB and some others I saw something common among them. All of them are active in development and they always announce all of it on their social media. Their team is active, their community is active and I saw all of them keep partnering with other big projects to grow their influence. If you find all these in a project then there is a high chance that it is a legit project.

truth, one way to find out whether the project is truly legit or not, is through determining the willingness of of the developers to develop the project, how active they are, how active their social media are and also the growth of userbase over the course of the month, etc. its really easy distinguishing the committed developers and those that just trying to grab money from this, one most distinguishing behavior is that the developers of scam project might not bother with the development that you see it stuck, why? because the developers themselves know that they won't spend a dime for development because after grabbing the money they'd just abandon the project and run.
so developing would be waste for them, but this kind of thing is hard to distinguish for inexperienced investors so I think its better to stick with existing high market capitalization coin for newbies.

[Ben Barubal]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge. So newbies are much helpless and one step ahead of being scam from those professionals. So buy old coins which growth percentage is good since launched. Go to cmc or coingecko and pick your choice among top20/top30. Memecoins like doge, shiba are better to skip

  The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.

  Because having the knowledge to know how to avoid it is a big factor in avoiding such scam projects and also a big help to every community that enters into crypto projects in this industry.

[Hewlet]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

i think doing your research will go a long way in guiding you to making the right decision on the project to look out for, if you do your assignment very well you will get information that will be of help to you. Their are some altcoin platforms also that if you post a particular project for verification you will get a bunch of insight that will get you reasonable and this board is also one of them.

[Bushdark]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge. So newbies are much helpless and one step ahead of being scam from those professionals. So buy old coins which growth percentage is good since launched. Go to cmc or coingecko and pick your choice among top20/top30. Memecoins like doge, shiba are better to skip

The very simple first step on how to avoid being screwed over the net is at least search a lil bit about the project.
Because in today's internet, you can practically search for anything. So you can already get a lot of feedbacks or reviews on a certain topic.
As to move forward, at least give yourself a lil bit of time to assess the project itself and not driven by the fud surrounding it.
A lot of people are jumping on the hype because they believe they will also have the same fate of earning profits as claimed by others.

The rate of scam projects in the market is too much and that is why many investors had decided not to invest in new projects because of there experience that had made them to lose huge amount of funds in the market as a result of investing in the wrong crypto projects.
For us to be save as an investor, there is need for us to keep doing consistent research so that we can know what project will be profitable for us.

[Ben Barubal]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

  There are many things to consider. First of all, there must be a white paper that includes the roadmap of the projects, because if it is not there, it will be a red flag immediately or it will be difficult to trust. Second,  always check their tokenomics so you can see how much total supply there is, and if there is demand, is it the token or not?

  Then, also find out if there is a large community or if they are active on various social media platforms here in the online industry. And what is said should be realistic, not just promises.

[gabbie2010]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge. So newbies are much helpless and one step ahead of being scam from those professionals. So buy old coins which growth percentage is good since launched. Go to cmc or coingecko and pick your choice among top20/top30. Memecoins like doge, shiba are better to skip

The very simple first step on how to avoid being screwed over the net is at least search a lil bit about the project.
Because in today's internet, you can practically search for anything. So you can already get a lot of feedbacks or reviews on a certain topic.
As to move forward, at least give yourself a lil bit of time to assess the project itself and not driven by the fud surrounding it.
A lot of people are jumping on the hype because they believe they will also have the same fate of earning profits as claimed by others.

Truly your points are valid on a conducting a thorough research through the internet to validate the credibility of some those projects, however some of those scam project developers hired some social media promoters to advertise and promote their project to look real, they wrote all sort of positive reviews and got posted on the internet al the social media Telegram, Twitter, Facebook etc contain some positive reviews about the project however in the long run the project ended up as scam, so it takes a lot effort, research and enquires to find legitimate and credible projects and avoid projects that promise huge and massive returns within a shortest period of time.

[cozytrade]

I think, to identify scam projects in crypto. Their websites should be checked thoroughly. If their information is found to be similar to the projects that have been victims of scams, it should be understood that there is a high probability of scams in that project. Especially scam prone projects always offer high quality. And scammers use different tactics to attract people to those projects. But in my opinion it is very difficult for new entrants to crypto to understand the difference between legitimate project and scam project. Expert advice and reviews should be taken very seriously to identify and avoid scam projects.

[libert19]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

[batang_bitcoin]

I think, to identify scam projects in crypto. Their websites should be checked thoroughly. If their information is found to be similar to the projects that have been victims of scams, it should be understood that there is a high probability of scams in that project. Especially scam prone projects always offer high quality. And scammers use different tactics to attract people to those projects. But in my opinion it is very difficult for new entrants to crypto to understand the difference between legitimate project and scam project. Expert advice and reviews should be taken very seriously to identify and avoid scam projects.

A lot of these projects don't even have a real team. They just grab pictures on the internet and even names are the same. When you see something like that and the photos are odd, that's one way to know if they are real project or not. That's like the stage 1 of figuring out and there's more. If you will ever get into a better team, still, doubt them because not all looking professionals are also real. Always be in doubt when you are checking them.

[Essential10]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.

[AnonBitCoiner]

If someone wants to avoid scame project then he should put sligher aggregation in new coin and should often plump for old or top coin because new coins cannot give you huge profit like that of bitcoin or Ethereum. First try to evaluate the roadmap of selected project because you will easily confirm about its goals and also read about utility of token and concerning its exchange on which it has been launched.

If you have joined groups on telegram then share your thoughts with expert and also take their suggestions as it will be helpful to take and decision actually expert have more experience in selecting a coin but if we are buying a coin without investigation then it is not a sound well decision. information are present on the website of that project so if anyone wants to decide whether to select or leave the project then he should look into the website of that project.

[AakZaki]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

will not automatically be able to identify fraudulent projects even though they have been trapped in fraudulent projects before. but this is about awareness of how you invest money in projects that you believe in or not. thorough research is important to do. There are some people who always fall into the trap of fraudulent projects because they are tempted by large returns, even though if you calculate it, it doesn't make sense. no one will give big returns or bonuses without any frills behind it.

[Dunamisx]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.

In most of the scam cases of the past that has happened to us or other people, it might have come from the way we are being decieved through our greediness, there are some things in which a normal reasoning should tell us that it's likely not to be a legit offering before we accept them, but many of us usually fell of the cliff before thinking of the alternative means of never to have fallen from the first place.

[Miles2006]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.

In most of the scam cases of the past that has happened to us or other people, it might have come from the way we are being decieved through our greediness, there are some things in which a normal reasoning should tell us that it's likely not to be a legit offering before we accept them, but many of us usually fell of the cliff before thinking of the alternative means of never to have fallen from the first place.

People who find themselves in this category they react quick when it comes to money issue and forgetting about the investment, they get blindfolded with huge profit, I will not blame anyone cause when juicy offer comes people don't care and they lack the mindset to think, some will say is as a result of greed but not only greed sometimes it comes with foolishness or carelessness, firstly when it comes to scam or anything concerning scam it looks different from other real project in nature, scam project just have a different pattern from real project, if you can differentiate scam project from the real project then it'll be easy or rather I will prefer choosing a trustworthy project to afford stress.

[GeorgeJohn]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

When you see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing.

[TimeTeller]

When you see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing.

If you have been here long enough, you can easily spot a scam in the making project.
You will see that they are all pure talks and promises, but no tangible results is being presented.
Also, if you are serious in investing in a specific project, better do your own due diligence.
Because these scammers don't care about your funds as long as they can siphon it from your vaults.
And don't believe in hype, mostly they are just to attract attention of gullible users.

[Bazzu]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

A bad project will usually look like it was rushed. They immediately create a roadmap and whitepaper quickly but they always fail to achieve it according to the roadmap that has been created. Their telegram channel is filled with bots. a lot of unorganic chatter in groups and such. But there are also projects that look real and really have potential. But then once they are known enough then the team goes and withdraws the token liquidity. Well it happens a lot so be careful. The most important thing is that we have to look at everything realistically. Don't be tempted by projects that offer 1000x from the start because we know they are just bragging. Because it was an original project, they immediately made a massive increase without having to say it many times to the community. Serious projects also have a clear vision and mission. But I personally am sometimes still confused about this. But at least we can minimize it. And only enter projects that really have a clear vision and mission. and usually not a vision and mission that imitates another project.

[2Pizza410000BTC]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

If a person is experienced here he can identify good and scam schemes by himself. There are thousands of good and scam projects in this bitcoin forum you just need to be aware. Especially the way I identify good projects and scam projects is that I never buy any coins from pre sale and invest. Always choose good cex exchange listed coins to invest. The only reason to choose from a good exchange is because scam schemes will never list on a good exchange. Scam projects they always list on a small exchange so they can sell it and take it all in later. Also for better consideration analyze their website, telegram, white paper, discort etc. and see if they are original or fake.

[Pi-network314159]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

As for me I think we can easily identify them by there market cap and total number of supply.  Sometimes if you take a look at them in exchanges you will observe that these so called scam project has a fake market cap and number in supply are in trillion that is to tell you that 1 person may buy as much as billions of it and most of them don't have white paper or even community and social media platform. So when you see such project jus run away because they are for your money.

[JeffBrad12]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

When you see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing.

usually some newbies just think some random project as the "next big thing" and call it a day, thats what make some scam project easily scam people more prominently newbies because they hesitant to ask question and even when they try to ask question they don't even know what they should ask and this is also where finding out knowledge about how altcoin works, what fundamental many altcoin present comes into play.
but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.

[libert19]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

will not automatically be able to identify fraudulent projects even though they have been trapped in fraudulent projects before. but this is about awareness of how you invest money in projects that you believe in or not. thorough research is important to do. There are some people who always fall into the trap of fraudulent projects because they are tempted by large returns, even though if you calculate it, it doesn't make sense. no one will give big returns or bonuses without any frills behind it.

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

[Publictalk792]

usually some newbies just think some random project as the "next big thing" and call it a day, thats what make some scam project easily scam people more prominently newbies because they hesitant to ask question and even when they try to ask question they don't even know what they should ask and this is also where finding out knowledge about how altcoin works, what fundamental many altcoin present comes into play.
but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.

If anyone new to this crypto world... So it is important to be careful and not get too excited by all the talk. Look into the people behind the project what they have done before and the project plan. See if there are any real world examples or partnerships that show the project is worth considering.
Check if there is behind the project the Luna owner or others who already have a scammer tag so you should be careful from these kind of projects.
Once you have a good understanding of how altcoins work and have experience dealing with various projects and have good research about them. So your mind automatically led you to the right way and this will tell you that this project is good or not. So always be careful while investing in a project.

[AakZaki]

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

Trading using a demo account is just trading that does not have any meaning. has no emotions, no challenges.
Being smart in demo trading will not guarantee success in real trading because it will be very different. This is indeed about how someone learns to trade from each trading history carried out.

[Jonyshake71]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

[Tipeform$]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

If you want to avoid scam projects, you must not be trusted with new projects. If you become a believer in new projects you will be scammed so to avoid scams you must trust the token listed on the best exchange. Because most of the projects that are being developed today are being developed by scam teams. We have been seeing some teams come up with projects that disappear very quickly without creating any excitement in the market. So to avoid scams I definitely ask to trust Bitcoin and trust the most popular and top exchange listed coins.

[Hildentine]

i think in this time many type of fake projects are ongoing according to my experience is that must check project whitepaper check there roadmap and more important check there future planning if project have a strong support so invest they give you  a great profit otherwise without checking anyone invest its so risky.

[pinggoki]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.

[BD Technical]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

I don't know how anyone knows Islam project but I didn't understand before but now I don't understand like myself because good project or high quality project will never corrupt your website or your ICO and manager with you?  Because if you have some website behind you or ICO but there are twitter who are very verified and see their high quality posts, you can understand how good it is.  and Total Supply and their brand ambassadors or someone with them.  For example, if there is Coin Gecko Coin Market or E, then I can identify the projects myself.  Also you need to see how are the managers behind the project or are they trustworthy if they are trustworthy and their logic is with a good exchanger then surely the project will be of high quality like Binance Coin. Like there are many others who are trustworthy and very good quality.  And there are bills in it you can see them if you want. If there is a list you must have good value of your token and the project is very less likely to be a scam.

[Justin999]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge.

 The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.

First you need to know how to find out a valid project. If you can teach yourself how to analyses about a project and verify it, then you can automatically avoid scam project. But it is not possible for every person to teach themselves and educate themselves about Cryptocurrency, so it is advisable for them not to investment new project, better to go with old top project. Scam project is really a big headache for cryptocurrency market even despite all the due diligence, People get scammed. So need to be very careful

[Obim34]

Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge.

 The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.

First you need to know how to find out a valid project. If you can teach yourself how to analyses about a project and verify it, then you can automatically avoid scam project. But it is not possible for every person to teach themselves and educate themselves about Cryptocurrency, so it is advisable for them not to investment new project, better to go with old top project. Scam project is really a big headache for cryptocurrency market even despite all the due diligence, People get scammed. So need to be very careful

Most people go into buying new Altcoins due to the highest possibility of profit from the investment unlike top Altcoins whose profits are guaranteed within a longer time frame. New Altcoins are risky that is the reason we consider buying in little fractions and investing an amount of money we can be able to lose without affecting our cost of living.

[Uhwuchukwu53]

Therefore, as a result, it can be said that it is impossible to accurately determine the future of new projects. Everything can change in a few days, and only Bitcoin can be trusted while understanding all the risks that may be encountered in the process.

There is no doubt about this saying here no new project can be determined the best is to work on the sure existing one like Bitcoin to avoid regret many have fallen victim of failure if new project which accountable. Some projects may have all it take to stand but at the long run may not due to unforeseen circumstances and this unforseen is what we can't tell for now, because some projects has good plans, team, etc but still face this challenge that make the unfruitful. From my little experience and my challenge in new project I venture in. I can't advise beginners struggling to go into new project rather go into Bitcoin that will give you 80% of self confidence, security and value of your investment.

[synchronym]

op There are a lot of good projects coming up every now and then, if one or two bad projects come up, we must find a way to recognize them. For example, if bad projects or scam projects open their rules in the project or do not protect it, then you will understand that maybe it is a scam project. I think if there is any scam or fraud scheme then we can easily understand if it is a scam scheme if we check their website. When you realize that it is a scam scheme then you try to avoid this scheme so that you don't get hurt through it.

[AnonBitCoiner]

op There are a lot of good projects coming up every now and then, if one or two bad projects come up, we must find a way to recognize them. For example, if bad projects or scam projects open their rules in the project or do not protect it, then you will understand that maybe it is a scam project. I think if there is any scam or fraud scheme then we can easily understand if it is a scam scheme if we check their website. When you realize that it is a scam scheme then you try to avoid this scheme so that you don't get hurt through it.

Due to origination of scam project most of the people neglected the beneficial projects too because they don't have sense that all projects are not scam most of them are beneficial but it is their fault that they don't investigate but choose some bad projects continuously.

People think that these new project will give them quick and huge profit as a result of which they loss their money by investing in wrong projects without touching its whitepaper and reading other materials regarding project. There is no doubt that scam project are originating but all projects are not scam many of them are more profitable with greater reward and less risk so try to make yourself master in getting knowledge about the differentiation of project.

[Y3shot]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects.  Their gains in investing in top cryptocurrency,  these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.

[Bushdark]

Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.

Trading using a demo account is just trading that does not have any meaning. has no emotions, no challenges.
Being smart in demo trading will not guarantee success in real trading because it will be very different. This is indeed about how someone learns to trade from each trading history carried out.

There are people who may not understand this and we should be ready to learn and not to relax for many weeks using a demi account to trade. The continuous use of demo account can agave effect on our lifestyle if we don't reduce the use of demo. The domo account sometimes makes us to relax and trade the market anyhow even when we are not supposed to take some trade due to risk management. In demo, we could leave a trade for weeks without checking because we known our money is not attcahed to it.

[letteredhub]

I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor

How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.

many of us has missed some genuine projects whose promises looking at it it's really do good to be true and as a result it's seems scary to partake in due to previous scam projects that came with similar fabulous promises and got it's investors scammed. It's so confusing that we don't know which to invest in that's why it's necessary we invest in money that we can afford to lose whether the project seems to be too good or not in their business model.

[EarnOnVictor]

Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.

Experience, they say is the best teacher but we should at the same time be smart, we don't need to be experienced through bad occurrences. It might be so bad for people who are not careful, and this could be worse to the point that they will lose huge money that will be difficult for them to recover from. This calls for us to do our part and leave the rest, even as no one will entirely know the best projects, we are just trying our luck and risking at the same time. Was Bitcoin, not termed a scam in the past? That is what is now the number one cryptocurrency in the world with so much success, and if we do not buy lies at times, we will not buy true.

Many had risked and have made their millions already which is why it is so difficult to entirely make a position on the advice about cryptocurrencies. But still, when a project is new, try to learn the viability of the project, the connections and the brains behind the project, if that's if possible. Also, look for the size of the community of their supporters, and from here, you can learn about their popularity. Despite all that, you might still wait till they have their launch, but if you must do a presale, you do not have to commit the whole money you have to it at once.

I think that committing it in fractions is the best approach before and after the launch of an exchange.

[IvugeoEvolutionCoin]

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects.  Their gains in investing in top cryptocurrency,  these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.

One of the things we can do to avoid scam projects is to stay away from new projects. But I think before investing in new projects we need to check the projects and invest. Investing in altcoins is very easy. Money can be earned as well as we have to lose money due to some small mistakes.

[tengui]

There are no definite indicators to determine whether a new project is a scam or not, what you have to do is do your own research. If you are looking for a new project with the aim of investing you really have to do careful research, but if you are looking for a new project with the aim of participating in an airdrop or bounty, you don't need to do excessive research.

[MiauKitchen]

to anticipate the real scam project we need to do a thorough research about the project and a legitimate project will provide clear and transparent information about the development, users of funds and long-term goals read reviews and other regular users. legitimate projects have an active and responsive community, avoid projects that promise huge profits with low risk and always consider that security and caution are key in investing.
and always consider that security and caution are key in investing.

[batang_bitcoin]

There are no definite indicators to determine whether a new project is a scam or not, what you have to do is do your own research.

There are but you need to be in detail with them like looking for their website as if it's not professional, the team behind them aren't really real people. Something like that can be good early indicators already.

If you are looking for a new project with the aim of investing you really have to do careful research, but if you are looking for a new project with the aim of participating in an airdrop or bounty, you don't need to do excessive research.

DYOR is a must at all times and you need to be careful with every project you are interested to invest because it's your hard earned money that you will use as capital there.

[strunberg]

There are no definite indicators to determine whether a new project is a scam or not, what you have to do is do your own research. If you are looking for a new project with the aim of investing you really have to do careful research, but if you are looking for a new project with the aim of participating in an airdrop or bounty, you don't need to do excessive research.

Scam projects usually promise huge profits. That is the most common sign. For example a project with an initial bid price of $1 but they promote to you that they are an ambitious project that will hit $100. Next, you can do a little research on the website and the founder's profile. Usually they use website templates like other scam projects. Or using fake LinkedIn data. You can join some groups that discuss new projects. There's a lot of that on Telegram.

[SandrCrypto]

It is necessary to carefully check all the projects that appear on the market to check how they are useful because there are a lot of scams appear on the market.

[Mate2237]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Before you invest in any new project, you have to observe many things or factors and such as the popularity of the coin, the uses of the coin and the community support of the coin and if you investing in any coin without those factors then it becomes to the popular saying that "it is for the owner's risk". If you lost your funds in the process of investing in the altcoins then you don't have to blame anyone because you didn't make a concrete investigation before keying into the investment.

Make more research before you start your investment in altcoins before you came out and cry.

[kawetsriyanto]

Scam projects usually promise huge profits. That is the most common sign. For example a project with an initial bid price of $1 but they promote to you that they are an ambitious project that will hit $100. Next, you can do a little research on the website and the founder's profile. Usually they use website templates like other scam projects. Or using fake LinkedIn data. You can join some groups that discuss new projects. There's a lot of that on Telegram.

Yep. When you see a project is offering something too sweet to come true, we can suspect it as a scam project. Moreover if it is a new project that their tokens aren't listed in any exchanges. It will be more nonsense if they have no clear products and have no reputable projects as their partnerships. Also, it doesn't make sense at all to expect the price skyrocket from $1 to $100. This is simply a scam project, we are better to avoid joining the projects.

If we want to join a new project, we must ensure the capability and the track record of the teams. If we can't find clear information about the teams and they look unconvincingly, it is not a good sign to join the project. I myself will prefer to choose top projects if I experience the situation. Choose the top projects which have been trusted and proven for years.

[NicNacCoin]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

We have been seeing many scam schemes coming in the market every day but the thing that I notice more to catch all these scam schemes is the website. If a person can notice the website and analyze if it is fake then surely a scam project can be analyzed because those who create fake website always copy the unique project website exactly. You can also do some analysis from different social accounts in Telegram X account. But the most important thing is that it is better not to invest in new projects, if a new project is listed in a good exchange, it is better to invest or trade from there.

[God bless u]

Scam projects usually promise huge profits. That is the most common sign. For example a project with an initial bid price of $1 but they promote to you that they are an ambitious project that will hit $100. Next, you can do a little research on the website and the founder's profile. Usually they use website templates like other scam projects. Or using fake LinkedIn data. You can join some groups that discuss new projects. There's a lot of that on Telegram.

Yes, I agree with you about the fake promises they make to lure in as many investors as possible, however, some of them are pretty slick with their work and you can barely understand whether they are scamming people or are a genuine project if you are just looking at their website and other provided material because they are experts in copying others. So it requires more than that from a person to determine whether a project is genuine or not.

A lot of projects promote themselves using fake airdrops or giveaways just to get more and more users and investors but they never pay the participants at the end because all they needed was free promotion from their participants.

[OrangeII]

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Before you invest in any new project, you have to observe many things or factors and such as the popularity of the coin, the uses of the coin and the community support of the coin and if you investing in any coin without those factors then it becomes to the popular saying that "it is for the owner's risk". If you lost your funds in the process of investing in the altcoins then you don't have to blame anyone because you didn't make a concrete investigation before keying into the investment.

Make more research before you start your investment in altcoins before you came out and cry.

Yes, although research does not guarantee that the project is a legit project, it can reduce the possibility that the project we support is a scam. However, it is very difficult to identify early if the project really intends to deceive its investors. Because there are so many cases that a project will become a scam when the project has already released a product. However, with gradual research, you may be able to determine whether a project is good or not, or even a scam. Research is key.

[adiksau0414]

Im not sure how to detect it 100%, i joined some project and read all their goals and roadmap. Still, there are we cant really predict what happened. Its just stopped or the some investor take and runaway from the project. Its also a matter of luck if people will embrace the new project.