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Author Topic: How can we identify the tokens scam or not.  (Read 6969 times)

Offline mamun777

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Re: How can we identify the tokens scam or not.
« Reply #15 on: October 30, 2018, 09:48:05 AM »
Airdrop can review by visiting to their project and if you see the project are good the airdrop are good. But mostly the like bounty airdro is also have more scam and not worth it to join because they are not paying participants. Check every information to know the token if it's scam or not that reward to you.

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Re: How can we identify the tokens scam or not.
« Reply #15 on: October 30, 2018, 09:48:05 AM »

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Offline bdsharminsoltana

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Re: How can we identify the tokens scam or not.
« Reply #16 on: October 30, 2018, 09:55:13 AM »
Though the rate of scam is very high in airdrops and if you are not careful enough to do a very good research of the project, you might be a victim of scam but if you take your time to research, you will find this good and potential projects and get reward at the end of it.

Offline Mikam

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Re: How can we identify the tokens scam or not.
« Reply #17 on: October 30, 2018, 10:38:56 AM »
We must be more careful in choosing tokens so we can avoid losses and not get a profit. Scam tokens do not have prices on the market and that makes many people lose.

Offline hsyncl

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Re: How can we identify the tokens scam or not.
« Reply #18 on: October 30, 2018, 10:43:22 AM »
It is not so easy to identify it. We have to always careful otherwise harm inevitable.
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Offline Sapp

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Re: How can we identify the tokens scam or not.
« Reply #19 on: October 30, 2018, 10:47:18 AM »
In my opinion, to identify a scam coin is to ask the project owner to be able to provide documents or third party profiles if the person cannot provide them. I think this is one way we can identify coins as scams or not.

Offline Bruks

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Re: How can we identify the tokens scam or not.
« Reply #20 on: October 30, 2018, 11:14:22 AM »
3 Ways to Identify an ICO Scam
1. The Developers Are Anonymous
The first and most blatant sign of an ICO scam is that the token’s developers are anonymous or otherwise-unknown. While it’s true that the creator of Bitcoin — a pseudonymous individual or group operating under the name Satoshi Nakamoto — did not reveal his true identity, he was able to this because he created a network that did not depend on the trustworthiness of a central authority. This is not the case with ICOs and TGEs. By holding an ICO, a startup is asking token buyers to trust that the developers will deliver a working product instead of running off with their money, so the team should be willing to back up its promises and claims with verifiable identities.
If a team is unwilling to identify itself, token buyers should be very cautious about contributing to the project. While there may be valid reasons to desire this privacy, it is far more likely that their purposes are nefarious. PlexCoin, for instance, declined to reveal the identities of its team members, obfuscating the fact that one of its organizers had run afoul of securities regulations in Quebec on several occasions, both before and during the PlexCoin ICO.
2. The Token Does Not Have a Clear Use Case
Another sign of an ICO scam is that the developers are unable to clearly articulate a valid use case for the token. The token should serve a key purpose in the startup’s platform. If it does not, the token will not sustain its value over the long-term. Related to this problem are tokens that advertise themselves merely as digital currencies without offering any real innovations or improvements upon existing cryptocurrency technology.
3. The Whitepaper Sets Unrealistic Goals
However, even if the token does have a clear use case, token buyers should be wary of startups that advertise overly-optimistic roadmaps. If the whitepaper sets an unrealistic development schedule, it either means the developers are using deceptive tactics to attract token buyers or they lack the necessary experience to give a sensible scope to the project. Either way, this does not bode well for the success of the project and its corresponding token.
To avoid falling prey to ICO scams, token buyers should educate themselves and conduct due diligence before deciding to contribute to a project. Strategic Coin offers numerous resources to assist token buyers with their research, including token analysis reports and exclusive interviews with startups conducting token generation events.
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Offline Bobcrypto

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Re: How can we identify the tokens scam or not.
« Reply #21 on: October 30, 2018, 11:39:14 AM »
Your points may not give a complete proof that the faces presented at the white paper are authentic, anyone can actually present his or her faces but could remain a scam ICOs; except if these face are familiar faces known in crypto management or that parricipants know these faces one on one.
However, to identify genuine ICOs these days has been proven very difficult, but a good follow up of some these ICO through out all social media platforms and rating site will enhances in getting a good ICO. Also asking questions from experience colleagues on crypto  ecosystems plus good knowledge from expat will greatly boost the chances of getting good ICOs

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Re: How can we identify the tokens scam or not.
« Reply #21 on: October 30, 2018, 11:39:14 AM »


Offline AltLogan

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Re: How can we identify the tokens scam or not.
« Reply #22 on: October 30, 2018, 01:00:27 PM »
my personal advice if you want to avoid scam an ico start reading the whitepaper provided by ico where whitepaper in my opinion is very important because there are any projects and we can determine the prospect of ico in the future whether good or not because usually the whitepaper that is made looks bad or tend to be hastily potential scam. if for dair airdrop as you mentioned above I rarely follow airdrop. because in my opinion there are too many scams there.

I totally agree with you.
We should make a good research before drop into it.

Offline PreshB

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Re: How can we identify the tokens scam or not.
« Reply #23 on: October 30, 2018, 08:51:22 PM »
We can  identify the scam token through proper research because many  token are in the market, but to  get the good one  is  very  difficult base on this one need to be very careful in order not to fall a victim.

Offline DeKingCrypto

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Re: How can we identify the tokens scam or not.
« Reply #24 on: October 30, 2018, 08:58:25 PM »
One thing you must do to identify a scam project is a good and deep down research, don't read the white paper only, because they maybe telling lies.

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Re: How can we identify the tokens scam or not.
« Reply #25 on: October 30, 2018, 09:03:33 PM »
Well, looking at the team can describe most of the glitches at first. But there are more to see and understand to clarify if a project is a scam or not. You may look at the project's github page, the team, advisors, their team's linkedin profiles, and ICO metrics. These are the key points if you want to understand if a project is a scam or not.

Offline nufika89

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Re: How can we identify the tokens scam or not.
« Reply #26 on: January 22, 2019, 11:44:03 PM »
It needs a complex research. You should study its whitepaper, social media, team profiles, and other important things related to the identity of the projects. Since scammers become smarter right now, we must be more careful to choose tokens to buy. 

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Re: How can we identify the tokens scam or not.
« Reply #27 on: January 22, 2019, 11:49:34 PM »
Yeah, the scam coins already have been here in crypto world since the first time. There are many scams, in fact.
To know whether it is scam or not is very difficult. However, we can avoid or minimize the risks by analyzing the projects before involvement. It can be done by analyzing whether their project is real and possible or not in the website and WP. Then, follow more their channels on telegram, twitter, Facebook, and other social media. Know their team members in fact.
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aiviaa485

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Re: How can we identify the tokens scam or not.
« Reply #28 on: January 23, 2019, 12:28:19 AM »
Hi guys!

Nowadays so many coins exist and some of them are distributed without any charge, so called "airdrop".

We currently made a telegram channel that informs you superior airdrop tokens worth more that 10 $!!
You write about airdrop telegram channel but don't include links, this is a strange statement (-1).

Existing airdrop channels have noticed too many information like low price tokens, scam, not verified tokens etc.

So, we will select precious tokens worth than 10 $, and give you this summarized airdrop news!
Make a promise of 10 USD without giving a hate link and it looks like this is just an empty promise! (-2).

We are not only responsible for claims, but also for distribution of the tokens.

We will do our best to let you know about the confirmed airdrop Tokens.
How do you want the distribution, the token you mentioned is also missing. (-3)

Please be wise to create threads in the Altcoinstalks forum.

Offline bayiajaib

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Re: How can we identify the tokens scam or not.
« Reply #29 on: January 23, 2019, 12:47:58 AM »
Hi guys!

Nowadays so many coins exist and some of them are distributed without any charge, so called "airdrop".

We currently made a telegram channel that informs you superior airdrop tokens worth more that 10 $!!

Existing airdrop channels have noticed too many information like low price tokens, scam, not verified tokens etc.

So, we will select precious tokens worth than 10 $, and give you this summarized airdrop news!

We are not only responsible for claims, but also for distribution of the tokens.

We will do our best to let you know about the confirmed airdrop Tokens.

You can indentify the tokens are scam by learning the white paper and follow their bounty  manager in social media.  U think They will give clue.

 

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