Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: cryptopapa2346 on February 11, 2022, 12:45:33 PM
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
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One of the best ways to protect yourself is to thoroughly research the individual team members of a project.
The project's whitepaper is the foundational document for that project. Companies that don't offer whitepapers should be avoided at all costs. Make sure you read and analyze the whitepaper carefully.
Any project will depend upon a token or currency system in order to facilitate the crowdfunding process. Legitimate companies make the system itself and the progress of the token sale easy for potential investors to view. Watch token sale figures for the token sale over time.
Overall, be extremely cautious as you look for new investment opportunities in the cryptocurrency space.
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Now crypto currency get higher authenticity. Though it is decentralized but there are many options to identified the real or scam projects. Now it is very easier to find it.
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Official information is more important than marketing information
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Cryptocurrency has become popular as a cheaper solution to sending money across borders.Check at coinmarketcap to check project is here or not.
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Now crypto currency get higher authenticity. Though it is decentralized but there are many options to identified the real or scam projects. Now it is very easier to find it.
Official Activities can be real or suspicious. So we can find out them. Also checking official partnership and checking and finding twitter information also. People now really analyzer for finding real project.
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There are a lot of thing you need to check like the White Paper, Supply, Price, Listing exchanges and community behind the project.
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
The best question should be, how to know if a project is a SHITCOIN.
Shitcoins usually turn into scams, they lack good ideas and want to be the cheap copy of another project. They do not have a verified team and they do not have a good image in their whitepaper or websites.
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
There are certain factors and criteria that you need to assess before saying that it’s a legit project. However, nothing in this world is promised or guaranteed. It’s crypto, so don’t expect any guaranteed or promised returns.
Anyways, here are the following:
1. Whitepaper
2. Team (verified LinkedIn accounts and their historical background)
3. Audit certification (CertiK)
4. Years of locked liquidity
5. Percentage of top token holders
6. Anti-whale (limiting the max number of token holdings per wallet)
7. Anti-dump measures (limiting max transactions)
8. Social media activity and community response
However, this is still important for us to do DYOR and risk management whatever coin or token that you are investing or trading.
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New projects are risky, it's true. But some of them could be very potent&profitable. If you want to know if project is good enough, read whitepaper than check partners. I've been following SupraOracles and their upcoming IDO sessions for a while, I realize they've massive partners such as MasterCard. You could see the difference like this.
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
There are certain factors and criteria that you need to assess before saying that it’s a legit project. However, nothing in this world is promised or guaranteed. It’s crypto, so don’t expect any guaranteed or promised returns.
Anyways, here are the following:
1. Whitepaper
2. Team (verified LinkedIn accounts and their historical background)
3. Audit certification (CertiK)
4. Years of locked liquidity
5. Percentage of top token holders
6. Anti-whale (limiting the max number of token holdings per wallet)
7. Anti-dump measures (limiting max transactions)
8. Social media activity and community response
However, this is still important for us to do DYOR and risk management whatever coin or token that you are investing or trading.
A piece of great information. Thanks a lot, dear. investment is risky when we can not be sure about the project is legit or not. Activities of these also helpful to find out a project legality. And last word is such kind a great. "DYOR" is really awesome now for investers.
(https://pbs.twimg.com/profile_images/1486337856058675200/OPXWupXr_400x400.jpg)
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If a project got listed by major exchanges trust rate will start at %90. I've been following CIRUS and I'm a fan of Web3 tbh. I believe they're very potent with the idea of personal private data. I suggest you to check their team before deciding
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We have many fake projects now. You can know real projects by checking the team background, going through the website and whitepaper, visit their community like telegram and see what people are saying about them
I recently conducted research on some crypto projects but unfortunately many of them didn't tick all the above boxes except Paragen.
It is a multi-chain launchpad. They are the first multi - chain metaverse incubator. It have in-app wallet integration and many other distinctive features
Their native token is currently trading on pancakeswap while they are processing to list on top tier Cex
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In my estimate, it is not just 70% of new projects that can be scams and can be performing a rugpull later...it can even go as high as 90% including those that are starting as good but end up as big failures due to factors not anymore controlled by the devs. Why is this so? Well, cryptocurrency industry has had been attracting many scammers, fraudsters, hackers and similar evil men due to its magnetic capacity to attract money from well-meaning supporters and investors. Something like greed can be playing a lot here. Now, to help us determine which can real or not, it would be good to examine the WhitePaper, see the people behind the project and if possible it would be good if you can directly talk to them and then look for reviews of the project and the team online am sure that if there can red flags someone out there can be complaining or just saying about them. However, we must always remember that there is no 100% effective due diligence mechanism as we can still be victims of scams anytime so one must be careful and never put your eggs in one basket.
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Read the whitepaper carefully. This is the key for investment, never invest on a project that you have no idea what's their mission. I've been following IOEN for a while and their working field is pretty insane! Team is working to solve global energy crisis, isn't that sound great?
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
In order to know the current good project, they need to know their members well and know the subject of the project well. And there are many current projects that are well managed first then scams after a while By.
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In my perspective, there is no reason not to believe in the metaverse. Although there are many who do not believe, it is foolish not to:). Metaverse has invaded our lives as a result of this reality, with wonderful projects and services. Of course, if you're looking for an investment opportunity, you'll need to conduct extensive research on Metaverse. While I've written so much, I'd like to discuss a project that has recently caught my eye:) I don't know much about the MetaverseMe project yet, but it appears to be an interesting concept. Let's see what the Metaverse as a whole has in store for the future:)
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Being the first incubator will undoubtedly have an influence on Paragen. However, I believe that their IDO is also vital for a display if the project is to garner investor faith. To be honest, it'll be fascinating to see.
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The IDO session at Paragen was attended by around 75k individuals. That's a huge quantity of data, and I think the hoopla over Paragen will last a long time.
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My fave is MetaverseMe, a fantastic metaverse universe. I believe it provides the most pleSPAM BANble atmosphere possible. My faith in the metaverse trend has grown as a result of this undertaking.
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hello there, guys The gamefi universe is expanding at a breakneck pace, and it's becoming increasingly impossible for me to keep up. Bitbrawl was the most recent project that caught my attention.
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I believe in the metaverse, and it will undoubtedly grow in importance. One thing I've found in the crypto realm is that when something begins trending, there's a good chance it'll become large. It occurred with Defi and it will happen again with meme tokens. You should expect higher interaction because most metaverse projects include P2E, which allows for earning opportunities. During my thorough examination of the metaverse, I discovered a number of intriguing metaverse initiatives, such as arcade2earn, which I eagerly joined. I like that the revenues are worthwhile and that the initiative is structured in such a way that long-term sustainability is conceivable. After viewing these types of efforts,
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Smiles, that's something to strive towards. When the market is down, I believe it is important to remain cool in order to avoid making irrevocable mistakes such as selling an asset at a loss. Since my investment is in fantastic jewels, one of the things I do most of the time is play video games, and fortunately, we live in an era of gamefi, where one can play games and earn enormous rewards from the comfort of one's own home. I am a $Arcade token holder who has been rewarded handsomely through this site. Without needing gaming or even NFT ownership, the Arcade Game-fi platform lets token holders to earn substantial prizes from numerous Play-to-Earn metaverse games. After you've finished your coffee friend, you can do something more profitable.
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Because the market is so volatile right now, I prefer to invest in NFTs. If you're looking for speedy growth, I feel NFTs are more effective. I'm looking forward to DankBank collectibles right now, and I believe they'll be quite powerful. Mate, you might want to double-check.
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The details in STAGE are, in my opinion, quite sparse. I feel the team is developing a tremendous platform for artists, and I am confident that they will swiftly reach a significant number of users.
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Excellent question.
Projects of which there are several, meet all the basic information either at the bare minimum or maximum as a legitimate project, yet still point to the very question in which you have raised.
A simple litmus test would be broken down in two parts.
(a) Are you seeking quick riches, seeking to high APYs from 1,000% to 1,000,000% aka greed?
(b) Does the project require a token/coin, and if so what Real Word Use Case (RWUC), what Real Word Problem Solved (RPS)?
If you fall into the (a) category. Then no amount of information can help. As such projects I believe are playing on FOMO for those who missed the boat for BTC, ETH, and or any previous coin or token that mooned no matter if they had a use case or not.
If you fall into the (b) category. Then you are required to do serious, Do Your Own Research (DYOR), which you should also seek to apply traditional economics and finance principles.
The problem here, is that the technical analytic skills across various disciplines to properly evaluate a project. The masses lack.
Which is why so many projects have come and gone, either as total scams, honeypot token projects, and or rug pulls, the latter meeting a legitimate project, but no intention to see through project or project was designed to appear as a legitimate project with scamming consumers at the final stage, while hiding behind technical jargon or simply disappearing all together.
My best tool to acquire information is watchin the most practical and honest YT influencers in the space. Not YT shillers.
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
Yes. You are right. Current 80% Project scammer. They have some good managers if you want project Can.
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Many new initiatives are launched on a regular basis, but the question of whether they will continue is a major one.
There is a platform that is speeding up the practical implementation and widespread acceptance of Web 3.0 blockchain technology in the enterprise and beyond.
Pancakeswap also has its own native token.
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Unilab is now one of the best and safest projects to invest in.
It is my long-term project for the year 2022.
There are numerous enterprises out there, but only a handful of them can be sustained.
Unilab is designed to address cross-cutting challenges for everyone involved in the creation, implementation, and maintenance of smart contracts.
Smart contracts are becoming more important as the world of blockchain technology expands.
Unilab is here to help us navigate the smart contract ecosystem in a safe and secure manner.
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evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
It's always being question, but not easy to detect or know real project.
Crypto world is anonymous
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If you are interested in investing in new projects and you want to avoid being scammed then first read their white paper, who are the partners and also go to their website for verifying you will easily distinguish between the scammer and legit project.
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It,s true there are too many project are running in different spots and forums but am not sure every project is legit but you should confirm from the platform where they advertise , read there whitepaper , check there twitter and telegram group , chitchat with group members checkout what they say , I hope you will get your answer..
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tokensniffer can help you with scams
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Its really hard to find out whether a certain project is a real or not. Most important thing is team and team’s works in the past for the project scam or not. You can examine twitter account, website and whitepaper. You can understand real project with these.