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Author Topic: SIGNS THAT A CRYPTO PROJECT IS A SCAM  (Read 569 times)
Webetcoins
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September 20, 2023, 03:25:14 PM
 #81

Fake Social Media Presence: Some scam projects create fake social media profiles and followers to give the illusion of community support.
That's right, you can see hundreds of projects with evil intentions doing that in the market, and it's not really difficult to spot such things if you have a little bit of experience. When a project tries to create a fake social media presence, they will first buy followers which will obviously be fake because you will barely see them interacting with their posts or tweets. However, if they also buy interactions from a website that sells such services, it will still be clear.

When a project has bought followers and post interactions, the comments that the fake accounts will be making will give it all away because they won't be related to the project at all and we all can know how a real person writes and how a bot does the same thing, so that gives it all away if we check properly.

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September 20, 2023, 10:33:17 PM
 #82

Signs, that a crypto project is a scam Huh?? Now there are more than 1300 crypto coins. Stable coins are better, but on average almost all crypto coins can be scam projects, which have a very large market.
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September 20, 2023, 10:46:19 PM
 #83

Fake Social Media Presence: Some scam projects create fake social media profiles and followers to give the illusion of community support.
this is one sign that majority aren't really observant about, there are some scam projects that outright just buying accounts in social media like twitter and use it to market their scam projects.
if we see from the history of account sometime its also account that being used to promote similar scam project in the past, basically we could tell that a project is an absolute scam just from
the history of the account itself since sometime scammer just doesn't bother building account and building followers from scratch.
they'd just rename their twitter account and call it a day. thats why observing the twitter account sometimes give immediate result whether the project is scam or not.

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September 21, 2023, 12:13:46 AM
 #84

Signs, that a crypto project is a scam Huh?? Now there are more than 1300 crypto coins. Stable coins are better, but on average almost all crypto coins can be scam projects, which have a very large market.
Stablecoins are better in terms of what? They are coins whose value is fixed against the dollar to protect capital from the volatile market, but they are not an investment from which you earn returns. Secondly, there are more than 22K cryptocurrencies in 2023, but the active currencies are more than 8K. Source through this article.

Despite what You mentioned regarding the fact that currencies that have large markets may be vulnerable to scams and many other risks, through conducting research and following the developments and updates of these projects' currencies constantly and the movements of its team, you will be in the safe side, and scam projects can be condemned and detected through many signs, the most important of which is what the OP mentioned, and through the currency contract address as well, and from its project whitepaper, and the project goals that were achieved, and through the exchange platforms that listed the currency, and many other factors that can during one of them, you will discover a loophole and not fall victim to any scam projects.

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