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Author Topic: How can scam projects be eliminated?  (Read 11186 times)

Offline Domithra

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How can scam projects be eliminated?
« on: December 27, 2018, 04:38:13 AM »
It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it. Payment during the ICO can be made using escrow system which will allow investors to be on safe side.
Aside these services, it will take investors the sacrifice of performing self research on new projects and ICOs in order to identify the right projects.
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How can scam projects be eliminated?
« on: December 27, 2018, 04:38:13 AM »

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Offline Hisbullah

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Re: How can scam projects be eliminated?
« Reply #1 on: December 27, 2018, 09:56:22 AM »
It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it. Payment during the ICO can be made using escrow system which will allow investors to be on safe side.
Aside these services, it will take investors the sacrifice of performing self research on new projects and ICOs in order to identify the right projects.

I think It is difficult,  because It is decentralize platform.  No regulations.  I personally be carrefull to choose the project.
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Offline Cryptoz

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Re: How can scam projects be eliminated?
« Reply #2 on: December 27, 2018, 10:54:00 AM »
This is a complicated problem. Scam projects are difficult to determine and minimize. For me, the only way is by inviting all crypto forums and platforms to cooperate in eliminating the scam projects and scammers with their respective abilities.
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Re: How can scam projects be eliminated?
« Reply #3 on: December 27, 2018, 01:37:36 PM »
While it is easy to make sure a bounty will pay by making the payments paid upfront and escrowed I think the only way to assure that ICO is really legit is by regulating the whole thing, nothing will help fix the ICO current situation but real regulation and to be honest I think everything related to ICO and bounty should be regulated that will make sure bounty hunters themselves are legit too and not just fake multi accounts like we have now also will give bounty more value, and for investors it will for sure help make ICO gain some trust by investors.
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Offline tamango

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Re: How can scam projects be eliminated?
« Reply #4 on: December 27, 2018, 01:55:14 PM »
These are good ideas expecially payments using an escrow trusted and the fact that team have to be checked.
I think that the best way is to make team do KYC showing proof like they require for bounty participants
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Re: How can scam projects be eliminated?
« Reply #5 on: December 27, 2018, 02:31:33 PM »
If I think it is actually difficult to detect a scandalous ICO, if what I see is actually the developer who was holding the ICO actually did the correct ICO, because the funds collected were not as expected, then they could not do anything, so they decided to stop the ICO unilaterally.

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Re: How can scam projects be eliminated?
« Reply #6 on: December 27, 2018, 04:27:17 PM »
I think scam projects will be eliminated upon registering in a bounty campaign which is the leaders will be not heartily to do there responsibilty in terms of paying to all bounty hunters and members in the programs but first going to do that the scam is eliminated be sure that the projects will be legitimized in the blockchain or cryptocurrency.
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Re: How can scam projects be eliminated?
« Reply #6 on: December 27, 2018, 04:27:17 PM »


Offline eurcoin88

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Re: How can scam projects be eliminated?
« Reply #7 on: December 27, 2018, 04:51:55 PM »
The reality is that there will be people who don't do research and will eventually invest in the ICO even if they are fraudulent. I am personally very deceived by most because you see every week that people have been taken. These scammers are getting smarter and finding ways to make it look more legit that for the average user they can't find it. I would say the way to improve it is to force people to really do their research before making a decision to avoid adverse events.

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Re: How can scam projects be eliminated?
« Reply #8 on: December 27, 2018, 07:02:31 PM »
There are
It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it.

You mean bounty platforms like Bounties Alert, Bounty Suite, Bounty 0X will set up a team for that? How do you expect them to be objective when they are also being paid by the same ICO companies? Bounty hunters do not pay these platforms.

There are
Payment during the ICO can be made using escrow system which will allow investors to be on safe side.
Some have already tried this. It was called "ICO 2.0". I heard that it doesn't work.

There are
Aside these services, it will take investors the sacrifice of performing self research on new projects and ICOs in order to identify the right projects.
This is still the best practice. Scam projects will never be 100% eliminated.

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Re: How can scam projects be eliminated?
« Reply #9 on: December 27, 2018, 07:26:01 PM »
I agree with your way to avoid the ico scam project. Many do not understand to invest in ico projects. In addition to regulations in each country, the government must be able to make regulations regarding the existence of the ico project.

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Re: How can scam projects be eliminated?
« Reply #10 on: December 28, 2018, 12:21:06 AM »
Well, I wouldn't say that scam projects will be totally eliminated, but I believe with regulations and serious rule guiding the opening of ICOs, that will reduce the level of scam in new projects.
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Re: How can scam projects be eliminated?
« Reply #11 on: December 28, 2018, 12:21:44 AM »
It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it. Payment during the ICO can be made using escrow system which will allow investors to be on safe side.
Aside these services, it will take investors the sacrifice of performing self research on new projects and ICOs in order to identify the right projects.

Maybe with KYC will be eliminate scam project and  I agree The government must be able to make regulations regarding the existence of the ico project. 

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Re: How can scam projects be eliminated?
« Reply #12 on: December 28, 2018, 12:38:21 AM »
There are
It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it.

You mean bounty platforms like Bounties Alert, Bounty Suite, Bounty 0X will set up a team for that? How do you expect them to be objective when they are also being paid by the same ICO companies? Bounty hunters do not pay these platforms.
~snip~

Actually they also need it, except if those bounty platforms are paid in bitcoin or ethereum or dollars by the ICO teams. When the ICOs are scams, those bounty platforms teams also get nothing (if they are paid in ICO tokens). To be honest I think it is not really effective way, but it is no problem to try.  :D

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Re: How can scam projects be eliminated?
« Reply #13 on: December 28, 2018, 07:02:36 AM »
It is a duty of forum moderator, ico experts and ico mark members , how can we remove scams project. Have any idea please share?..

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Re: How can scam projects be eliminated?
« Reply #14 on: December 28, 2018, 07:44:37 AM »
In fact, to test the project, you must do a small analysis from the team and what problem it helps solve the project to document!
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