Exposing Fraudulent Crypto Projects: Lessons from the DOP Case

[fawad_khan1]

Given recent examples like DOP, where a project raised significant funds through a presale at $0.082 only to list at $0.01, how can we effectively identify and expose fraudulent crypto projects that misuse reputable names such as Binance? What strategies can be employed to safeguard the community and restore trust in the cryptocurrency ecosystem?

[Amphenomenon]

Simple Avoid ICO, they are  mainly scam a good project will still do well even after they are listed
https://bitcointalk.org/index.php?topic=5481735.0
https://bitcointalk.org/index.php?topic=5483059.msg63563238#msg63563238

[X-ray]

simple.

try to look at how much funding in seed round they raised and calculate the total allocation for investors against the money raised to see at how much price those early investor are getting the coin at.

then after that, try to observe whether there's max cap for presale and observe the presale price against the VC's bag price.

if the presale is uncapped and the price of presale significantly higher than the rate that those VCs be getting their token allocation at, big chance it will just outright dump, you're the exit liquidity by following the presale.



my advice, never follow presale where everyone can get access easily and no limit at how much they can buy, because those are shitty presales.

[TastyChillySauce00]

why even bother with these presales anyway, it's just another buzzword for ICO and we know that ICO has failed.

i would avoid presale and instead focused on buying the dips if i were someone that thinking about investing in presale, they just never do well.
even the alternative of staking money to a project seems to be better method of investment than buying at presale because at least you still get your money back, no fee and no charge whatsoever while still getting the allocation from airdrop.
meanwhile with these presale, its just developer trying to shove you useless token in exchange for money.

[betswift]

There is no way for the community to be totally safe per say, as some people have already said, there is always risk ahead on presales. However, I would say that by utilizing the analysis for each coin you want to go with even on the presale stage, you should be able to get the profit. You need to get the info about the founders, investors, collabs, and if all of that info clicks, you can be a little bit more confident. Yet, with this type of activity, I would suggest using an amount of money that you would be willing to lose, not chunks of your portfolio.