how to know real project

[cryptopapa2346]

evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest

[Natalie777]

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.

[bmr]

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.

[dlwhdtn]

Official information is more important than marketing information

[Aniced]

Cryptocurrency has become popular as a cheaper solution to sending money across borders.Check at coinmarketcap to check project is here or not.

[GoldenView]

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.

[msz900]

There are a lot of thing you need to check like the White Paper, Supply, Price, Listing exchanges and community behind the project.

[Aguacate_e]

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.

[cheezcarls]

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.

[bedevi]

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.

[GoldenView]

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.

[Marcelo_Diaz]

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

[Supremacy126]

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

[TomPluz]

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.

[Jingle]

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?