How to avoid a scam project?

[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.

[1714753007]

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[1714753007]

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[1714753007]

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[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.