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Author Topic: Things to avoid in campaign projects that are red flags  (Read 468 times)

Offline Mr. Magkaisa

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Re: Things to avoid in campaign projects that are red flags
« Reply #15 on: February 18, 2024, 03:51:09 AM »
There are things I want to share on this platform so that we can avoid the red flags that appear in this field of cryptocurrency. I have made this a topic on another platform forum that I will bring here https://bitcointalk.org/index.php?topic=5484168.msg63616905#msg63616905. Some of them are as follows:

1. Anonymous Leadership
2. No Whitepaper
3. Bad Tokenomics
4. When Red Flag in Token Sniffer
5. Static coins
6. Ponzi scheme crypto project
7. Buggy source code
8. Promising coins
It is important that one considers the stated factors when making an investment in a crypto project in order to prevent making the wrong kind of investment in a scam project

This is not the time to make the error of investing for the sake of investing without doing due diligence beforehand, given the growth in crypto scams.  Above all, no matter how legitimate an altcoin appears to be, one should never spend more than they can afford to lose.

      -   You are right there when you said that this is not the time when we should be able to make a mistake in choosing the investment that we will make; instead,
we should be really careful in choosing the investment that we will make here in this field of the crypto industry.

similar to what I also read that we should know what category of investor we are in, which is whether we can afford or can't afford to lose. It is important so that, at least in the end, we will have no regrets. Right?

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Re: Things to avoid in campaign projects that are red flags
« Reply #15 on: February 18, 2024, 03:51:09 AM »

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Offline IvugeoEvolutionCoin

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Re: Things to avoid in campaign projects that are red flags
« Reply #16 on: February 18, 2024, 08:19:04 AM »
This really needs to be paid attention to. Because not all campaigns or bounties are valuable. There are lots of scams everywhere and don't let us become part of these scammers by following their bounties or campaigns. And one more thing, there are certain BMs that are already familiar and well-known for red flag campaigns. We may have seen it or even experienced it. But here, we have to be able to differentiate which campaigns are truly legit and worth it from which are scams. And it is true that some of the criteria you gave are included in it.
Yes, you are right. So far, there may be several managers who are like that, but I don't blame the managers because they are just carrying out their work, and I am sure that the BM has also considered the risks that might occur. Therefore,  the manager usually makes the statement that he is only a bounty manager. and not being part of the core team of a project, so that way the BM is a little safe.

Online SmartGold01

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Re: Things to avoid in campaign projects that are red flags
« Reply #17 on: February 18, 2024, 11:44:50 AM »
As investor and cryptocurrency enthusiast you should be knowledge enough to detect those project that are fake I know it's hard to find them especial when a project sound so good and promising but sometimes we easily got deceived by their sweet words and fake promises without us checking the needful aspect of them. Just as you have outlined already, the important aspect to look out is whitepaper and effective community.
Most times community always shows a strong lifting of any projects, if there is a low communication within the community then there is every possibility that the project could scam people because communication matters alot.

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Re: Things to avoid in campaign projects that are red flags
« Reply #18 on: February 21, 2024, 12:27:26 PM »
As investor and cryptocurrency enthusiast you should be knowledge enough to detect those project that are fake I know it's hard to find them especial when a project sound so good and promising but sometimes we easily got deceived by their sweet words and fake promises without us checking the needful aspect of them. Just as you have outlined already, the important aspect to look out is whitepaper and effective community.
Most times community always shows a strong lifting of any projects, if there is a low communication within the community then there is every possibility that the project could scam people because communication matters alot.
Sometimes detecting fake projects is very difficult to do because, as of now, there are many website projects that deliberately hide the team behind them, so we as investors will have difficulty doing research. Sometimes,  if we only read the white paper, it is still not accurate because the parties Project developers have the potential to purchase the services of people who are good at making whitepapers. What is clear is that you have to remain vigilant and not connect your wallet to a project site too often because there are lots of new projects based on dApps.

 

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