Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Jentot on June 30, 2020, 11:37:02 AM
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Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.
So how do you indentify if the project is fake?
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The most common thing to notice is the faked Team member, Plagiarized whitepaper, and a too good to be true promises. but not every time all of this thing is present sometimes the Whitepaper is clearly written, the team appearance is true and just fine promises but in the end, it will become an exit scam. so self vigilance is always useful to minimize the risk of being scammed.
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I read the whitepaper carefully if it is not convincing and mediocre it is certain that it is plagiarism. or you can check their social media, if there aren't many followers, the meaning many people don't believe that project. it's better to be abandoned
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Fake projects can usually be identified by a few things like copy paste or plagiarized whitepaper or website content, some will have fake team pictures or profiles, some projects are caught due to extra ordinary claims. So always do your research before promoting or investing in a project.
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Team and white paper need to be examined as well. Many projects copy other project white papers. Zeux is one of them. And if you find it difficult to distinguish whether it's a copy or not, you better visit a scam thread.
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Every fake project has fake tram members. If the team member's information is verified, scamming can be identified. Besides, fake project provides attractive offering which very alluring. Their information becomes mismatch. If the forum authority can take the budget token before starting the project and distribute it to its participants after ending it, the fake team will be unable to introduce fake project.
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Team and white paper need to be examined as well. Many projects copy other project white papers. Zeux is one of them. And if you find it difficult to distinguish whether it's a copy or not, you better visit a scam thread.
Yes brother, i Participated zeus in bitcointalk. But they don't payment bounty Hunters at all. Stupid team.
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There are so many fake projects are running now and so may peoples will do this but i just say that the fake projects will known as their images and also their links they are not make the real images and also the real group icons.
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Many investors are at a loss, depositing their investment money with a fake team. There are many teams who run fake ico and ieo. Before investing you need to know about ico and ieo. You need to talk to your exchange support. Then if you are sure, you can invest. You also need to know about whitepaper update. You need to know the details of the road map by visiting the website.
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In order to check whether it is a fake team, you need to know the details in that project. I have seen many fake team from 2017 till today. To check whether it is a fake team, you can follow the following information: Project Whitepaper, Ico, IEo, STO, Project website, future plan and team management. You can follow the above information.
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Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.
So how do you indentify if the project is fake?
Aside from this, checking out the team social media files and confirm them is good way also. If they dont have a open source code or details on github means they are just playing with the users. Usually project development can be seen there and no need to check announcement from their social, the work uploaded there is sufficient to say if they are just a real developer working and cooking something or just simply a lurer for a hype fake project.
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The sad and angry sense first appeared when I got a fake project. Because until now did the bounty campaign of many fake projects I got. And to do the fake project identification is difficult. But the first thing I do is look at the website and usually, if it is fake, this site will look unclear. Then I saw the team members and usually if the fake team members are very suspicious. Even they do not provide the correct information. I recommend to be careful and don't be tempted by the big prizes because the big prizes don't guarantee.
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In addition, one of the ways to identify fake projects is
Through, a promise of huge returns on investment.
It's so important to look at the offer and decide if it's realistic. Making a 100% on your money in 18 months would be amazing, but is it likely to happen with this brand-new offer?
One of the ways fraudsters attract the money to their scams is by making up fake promises of returns. Without any strategy and supporting information as to why this Initial exchanges offering or initial coin offering (IEO/ICO), the name for when a new cryptocurrency is created and people are given the chance to buy some coins at an early price will increase so much so quickly, there could be a fast play. Watch out and be wise while investing.
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Trusted bounty manager will not accept fake project.
They are the most responsible whatever things happen.
They will take care of their name trust and dignity to lose not.
Join campaign run by them is one step to save yourself from fake.
However, it is everyone's duty to read every necessary details to know what is the project all about, the future plan, the legitimacy of the project wholeness.
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Plagiarism whitepaper
Fake team member
Fake website
No specific roadmap
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Plagiarism whitepaper
Fake team member
Fake website
No specific roadmap
Excellent quotation. Actually fake or scam projects have no specific websites, Twitter, Facebook and LinkedIn. They arrange their team with fake members which they collect from website, LinkedIn and others sources. They plagiarism whitepaper from others projects. They collect money from investors and some days of collecting finished they flew from their project.
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Fake members, fake websites and fake accounts are all frustrating
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Fake members, fake websites and fake accounts are all frustrating
It is very difficult to identify scam or fake projects. In fake projects all informations are fake and unsustainable. They are arranged their project with plagiarism whitepaper, website design, and team management.
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Very interesting to know that. I haven't thought about checking the location of the project to verify whether the project is real or fake. While I only check WP and verify whether the WP project is plagiarism or not
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We need to check the identities of the team members of the project. Google each name of the members and know it whteher true or wrong. Also, learn the information of the project legality. It is important to know whether the project really comes from a certain country or city. And another one is by learning the whitepaper to know the details about the project..
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Very interesting to know that. I haven't thought about checking the location of the project to verify whether the project is real or fake. While I only check WP and verify whether the WP project is plagiarism or not
Company location, office location very much assist to find out fake projects. But some fake projects arranged ieo and after collecting their targets they shut down their community, telegram, Linkedin, Reddit, Twitter, and YouTube. At a glance you can now see KINGCASINO project.
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There are some tips to identify fake projects, one of them is that the white paper is wrong. They can not place the white paper well. They bring white paper copies from different places. Also fake projects can be identified in different ways such as; Again it is seen that the pictures of the team are edited in different ways. Moreover, if people want to scam, they can scam in different ways. It is seen that various projects are highly successful but they cannot bring coins to the market. This makes it very difficult to identify fake projects
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Company location, office location very much assist to find out fake projects. But some fake projects arranged ieo and after collecting their targets they shut down their community, telegram, Linkedin, Reddit, Twitter, and YouTube. At a glance you can now see KING(casino) project.
I also joined king casino bounty campaign for a month, They even use covid 19 as an excuse for the shutdown of their project. ???
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Now it’s very difficult to understand which project is scam and which is not because people know how to disguise their project so that it does not look like 100% scam and therefore, I no longer invest in ICO projects and I invest only in IEO projects that are held on the Binance exchange.
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All this fake scams I don't know what they want just stressing people
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This is very important to us before joining ICO or IEO projects doing identification. The digital currency space failed to lose its charm and dominance in the market space due to many false ICO or IEO projects.
Several ways to analyze ICO/IEO project.
1. Check Out The depth of the team working behind the cryptocurrencies.
A good team of course has the experience of bringing success to the project.
2. We must Check in whitepaper details
3. Inspect the feasibility project
We must choose an ICO project taking into consideration concepts, objectives, and strategies.
4. Beware of false ICO advisors.
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Well it is really difficult to identify if the project is fake because some of them looks legit but turn scam in the end. Avoid to invest in ICO it's better to invest in IEO in the big exchanges. Investors were no longer trusted ICOs anymore.
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Pretty easy to track if the project is fake. There are so many ways to catch them, some of which is detrrmine if rhe whitepaper is plagiarized or not, next is the team members if search then in the net if they have stolen thier pictures or not.
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Regularly check the reply of other top members. There is a lot of top members who warn people about fake projects. Also, do some research about project whitepaper and website. A well-organized project can be identified by its beautiful and well-organized website and whitepaper. A project which is good must have a solid roadmap. search for that too.
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The following should be consider but not 100% working:
1. The verification of bounty is important.
2. High ranking members especially Padawan and Mythical participate the campaign.
3. Transparency of the team about the project development.
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Finding real project is really hard to find even famous bounty manager can be a victim like bounty detective in kingcasino, I hope this thread can give you knowledge and improved your decision making in choosing the right project.
Thank you for sharing your ideas.
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The rea sp,e sohs of the projects are fake"
1. They will promise very big thing but unclear project explanation on the whitepaper
2. They use a fake profile of the team, check and recheck the team profile on the social media
3. Their community is not active really
4. They have strange transaction on their smart contract
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Here are some issues that we can consider when suspecting a project:
- The idea is too bad, or too good in terms of profit (200% per year);
- Fake or poor quality website;
- WhitePaper is sketchy or is a plagiarism product;
- Team: using fake information or lack of key members in technology, unable to verify members;
- There are no activities in the crypto community: attending seminars, conferences, AMA ...;
- Partner: no reliable partner;
- Roadmap is not realistic or very sketchy;
- The distribution of supporting community, ponzi usually comes from 1 local community;
- Works on Facebook/Twitter channels: too few or poor quality posts;
- Profiles on ICO / IEO websites: don't have or get a low rating;
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First I will do the analysis through social media. Projects that have negative comments should we avoid. Then follow the community that supports the project, and if it has a negative perspective on the project, then we should avoid investing. A good ICO project certainly has an active community that supports the project.
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Finding real project is really hard to find even famous bounty manager can be a victim like bounty detective in king(casino), I hope this thread can give you knowledge and improved your decision making in choosing the right project.
Thank you for sharing your ideas.
As you said, Kingcasino is a pretty good case to be discovered as a fake project.
They have a well-groomed website, they have an MVP, they have an IEO on Latoken, they have a score of 4.25/5 on the ICOholder, and their bounty campaign is supported by BountyDetective.
However, there are some suspicious issues about this project:
- Their profiles on Facebook & Twitter do not provide much useful information;
- There are Vietnamese in their team, and they are the majority;
- The field they are involved in is casino - a field that needs more legal regulations to develop worldwide.
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A good ICO project provides information to its customers about project development. We see that the fake ICO will certainly never give you complete details of the project developments and plans for their investors. And thanks to friends that this post can add to our knowledge of fake ICO. Hopefully, this can be useful for beginners or people who are confused about determining the ICO project.
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We see that the fake ICO will certainly never give you complete details of the project developments and plans for their investors.
Most of the team members of ICO scams disappear after the fundraising phase. So, certainly, there is no further information about project development. To avoid this scheme, we are better to be more selective to analyze the team member's track record. If there is no clear information related to the project team, we are better to forget joining on that project.
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I personally take a look into their website , team member's Linkedin Profile and whitepapers to clarify basic verificaitons from my side. After that try to search reports regarding that projects and in this point, i able to get some reports regarding to that projects if the project is scam one or not ( Always try to avoid paid reviews ). Nowadays, most of the scam projects have whitepaper plagiarism and even that project listed in some shady exchanges where they only sell their own team member's tokens/coins. When all tokens unlocked , the team disappears. So, it need to bear in mind that plagiarism projects won't give anything even if the token is listed in exchanges.
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Sorry to say, but 99.99 % of ICOs either are scam or will fail.
Simply because if an idea is enough good to be succeeded, they will not share their benefits with people.
So either the business model is too risky or the project essentially is a fraud.
In both cases burden it on shoulder of middle Joe - you or me, or who wants to be millionaire overnight -
conclusion: More than 67% of traders left the market after losing the last penny of their capitals.
So sad but TRUE story.
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The number of projects are increasing day by day.I think if you should find good project you should research about the team members ,ICO website , partnership,read white paper and etc.Also Now many projects (IEO) are listed in major exchanges such as Kraken , binance,okex.also you can invest in this projects.because I think these projects are will be reliable.
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When you read their paper and it looks too good to be true. Also check their whitepaper for plagiarism. Check the interface of their website, some fake projects you will find errors and poor website. However, have it in mind that some will pass all checklist but still will be scam project or project may fail due to lack of fund eventually. Crypto world is really is a gamble, we can never be too sure.
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Crypto world is really is a gamble, we can never be too sure.
That true, the only way to find out about fake projects is detailed analysis and get more information or call / send an email to prove their website.
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We cannot determine a project is a scam or not before doing research on it. There are some considerations to analyze:
1. The team, check them on the social media whether they are real or not
2. Check whether their Whitepaper is genuine because right now many scammers use another project whitepaper.
3. See their community channel. Although they are the same and also officially crowded and trusted, it may be better
4. of course, f they promise the very high thing, never believe in it.
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I usually look at the whitepaper to learn whether the project is a scam/fake or not. There is a lot of information that we can get from the whitepaper. We can see the identities of the team members there. Also, we can know the project legality or concept there.
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Fake projects are really frustrating. I am reading a post, where it is possible to understand whether the project is fake by checking IEO and ICO. I think this issue is safe. You do not need Google Maps to confirm whether the project is fake. Do you want to know if the project is real or not? Then I verify that ICO and IEO directly. Then you can understand about fake team.
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Lots of red flags are always there. One they won't be transparent with team members information, their whitepaper is always plagiarised, their IEO or ICO is always held on shitty exchange lastly they don't have any legit project investors or partnerships.
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There are many fake teams and fake projects. Ico, ieo, sto doesn't matter to those who cheat. They will cheat. If you doubt whether the project is fake, you can check the IEO. Those who give birth to fake project will have some mistakes in their project plan or project proposal. So if you are an investor then you will be warned. You need to know the internal issues of the project. You can search on goggle about IEO and STO of the project. Then you can know what the project is going to do. However, many sto and ieo projects are also fraudulent. For example, most of the fake projects of 2018. So, you have to be careful.
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The most common thing to notice is the faked Team member, Plagiarized whitepaper, and a too good to be true promises. but not every time all of this thing is present sometimes the Whitepaper is clearly written, the team appearance is true and just fine promises but in the end, it will become an exit scam. so self vigilance is always useful to minimize the risk of being scammed.
Hmmmm.. You are right masterrex. Even onecoin make a international fraud. Nowadays it is really tough to be called the project is fake or real.
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I was a bounty hunter and was very disappointed when the project I was working on was a fake project. Checking the address through Google Maps is very important. If the company address IEO/ICO is not trackable, it may be a fake project.
I still have some way to do the identification of a fake project.
1. Whitepaper Analysis (The CRYPTO Project whitepaper provides important information such as Project Roadmap, background, and strategy).
2. Beware of the team.
3. Notice the views of other investors.
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Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.
So how do you indentify if the project is fake?
There is a category to find out fake project or team like
1. Whitepaper will be plagiarized.
2. Team will be fake with fake ID address.
3. Thread would be copy paste from another campaign.
4. website would be fake.
5. Fake selling progress. ..etc
Actually there must be expert to catch such a fraud team otherwise its totally impossible.
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Sometimes it is very difficult to find out about it. All cards are revealed at the end. When a project has no listing, the product and admins disappear.
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As a bounty hunter I have been a victim in fake projects because the project they presented there's no way you will think it's a fake projects base on their promises to the community so is very difficult to know especially when one is desprate to participate in the project campaign because the team said that the project will be huge in the future time, for me I first of all consider the name of the projects if it sound funny I consider it as fake.
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As a bounty hunter I have been a victim in fake projects because the project they presented there's no way you will think it's a fake projects base on their promises to the community so is very difficult to know especially when one is desprate to participate in the project campaign because the team said that the project will be huge in the future time, for me I first of all consider the name of the projects if it sound funny I consider it as fake.
True you can do all this but some scam projects can be hard to tell. They are so good and well planned that it will only be later on you will realize it was all professionally planned to fail... All is about luck
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To identify the fake project we need to have an Idea of what is fake project and signs. Basically, fake project doesn't have real base headquarters and more of the time they are not going to give updates about their CEO, manager, dev, etc.
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The first thing i do is checking their GitHub if they have one & see the activity there.
this helps you know if the team already have the right DEV Team for it's projects or just selling thin air already. This mainly for projects like Blockcchain based service or Blockchain Platforms (exchanges, payments ...)
Next step is to check the team's profiles in LinkedIn then google their names. If i can't find their names or just small informations i usually forget about that project no matter how good it looks.
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There are several ways to know if a project is right. Among them you must first notice the website. You have to keep an eye on whether the roadmap is right there. Then you have to take care whether the picture of the team is right or not. Then they have to keep an eye on whether the white paper is right or not. There are also a number of things that can be done to see if the project is right
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There are several ways to know if a project is right. Among them you must first notice the website. You have to keep an eye on whether the roadmap is right there. Then you have to take care whether the picture of the team is right or not. Then they have to keep an eye on whether the white paper is right or not. There are also a number of things that can be done to see if the project is right
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The most common thing to notice is the faked Team member, Plagiarized whitepaper, and a too good to be true promises. but not every time all of this thing is present sometimes the Whitepaper is clearly written, the team appearance is true and just fine promises but in the end, it will become an exit scam. so self vigilance is always useful to minimize the risk of being scammed.
Very true. These days, there are no hard and fast rules. Even if there is a physical address, they can still exit scam. It takes some serious policing to catch them
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The first thing i do is checking their GitHub if they have one & see the activity there.
What if their project doesn't have Github or doesn't show on their website? Can this guarantee that their project is not fake?
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Watch and investigate their team, is the team original or not? Because many projects have put up fake teams to attract investors. The second is their white paper, Make sure it is original and not the result of copying from another project. Indeed this fake project is very annoying.
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Check the identity and legality of the project, also the identities of the team members. These are the main factors to analyze in order to avoid fake projects. Also, we can learn its whitepaper and social media. Get strange or unusual things there. If you found it, you should suspect the project isn't a real one.
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The projects are fake if:
1. They have no exact team
2. Their project is too high
3. they hase quite similar Whitepaper with others.
4. They have no exchange tolist
5. Their community looks strange and they are quite enough.
I think that the most scam is that the projectw ill not list their coins on exchanges.
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Generally speaking, phishing scams aim to get users to grant their access to scammers. In the world of crypto, this can be the private key to your wallet or to be able to easily log into your account. Scammers will claim to be official representatives of a legitimate company or project.
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The principles of anonymity and privacy are immutable in the crypto space, but when it comes to delivering money, it's better to know who you are dealing with. Research firm, together with the founders and their leadership team. Check their LinkedIn pages and do a Google search to find out for any suspicious signs.
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When hunters encounter fake projects, it will only take time. But for investors, they will lose most of the money invested. I think before investing, you can join the relevant cryptocurrency groups to see some advice. If you want to check, you can check the website life, team, news from that project and see if it is correct or not.
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All of this is geared towards giving you sincere advice - do your homework before making any decisions.
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If someone tells you that a particular investment will result in a guaranteed return or the token will be to the moon, your scam radar will immediately be illuminated. Simply because there is no such thing as a guaranteed return, all of your investment decisions carry a certain level of risk. This is even more true in the crypto industry
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Some fake project are easy to spot and some are not. By simply checking their whitepaper for plagiarism and if team members are real and had their social media created long before the project. Also check physical address on google if it looks real. Also check the development details
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In a true partnership, both parties will be willing to confirm the other's existence. If a small project claims to be partnering with a more famous brand, then we need to find out if this is authenticated from both sides. If there isn't any information on the company's website, you can also search Twitter or other social channels to see if the partnership exists.
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Most of these fake companies claim to offer high returns with no risk at all! If you are reading this article and someone is recommending you a high-return risk-free deal, don't mind them.
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The most common thing is that fake team members, stolen white paper, and truthfulness are very good things. But not all of this is available every time a white paper is written on the torch, the team's appearance is just right and in the end, it will be a big scam. Self-monitoring is always useful to reduce the risk of fraud.
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As long as you take the time to pay attention to the information of the project and focus on them, I believe you will easily discover which projects are fake, which are real projects.
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There is no easy money to make. if you only want the immediate benefit it is very easy to be deceived. Therefore, when receiving a project you have to spend time to find out if it is fake or not
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One of the best methods to check if the project is fake is through verification of the team member and their life achievements. It may need extra steps but it is better than losing the money we wanted to invest in it. Most of the fake projects often give team detail very good and satisfactory details but it is up to us to verify them. With that being pursued, we can check the validity of the team members and the validity of their exemplary achievements. If they are lying or exaggerating then we all know that the project is possibly a scam or fake.
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There is no hard and fast way to determine the veracity or integrity of a project. Sometimes the best ones quickly and easily do an exit scam and vanished into thin air
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If you see that the project teams are getting less active in their social media, especially in their official telegram group. It is the sign that the project is probably scam/fake. You must avoid buying the tokens/coins from the project like that. It has a big chance to be dead coins/tokens. Also, if you see that the project has bad planning, roadmap, or the ideas in Whitepaper. It is not a good sign for quality project, it may be a fake one.
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I don't know which projects are fake or real. but projects that are advertised with good things and not spend a lot of money and you still make a lot of money, I think you should consider this issue.
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An analytical approach and research experience can identify scam and fake projects...
Pilgrism whitepaper
Fake website
Fake team member
No definite roadmap
No target to exchange list
Fake social media and websites
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There's no having a perimeter to know about of fake projects.but we can get reason of faked projects to know about reading the market value from the past time, who have not spent their others activities like, collect the money, advertising, & whitepaperetc. ,etc.responsiball for
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There are so many fake projects are running now and so may peoples will do this but i just say that the fake projects will known as their images and also their links they are not make the real images and also the real group icons.
I also think so. They try to hide real information. So, if the project is investigated deeply, anyone will understand that the project is fake or real.
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though, it take grace of God, but the basis:
1> consider the team
2> the project manager
3> The project white paper
4> Consider the project trend of things i.e their things is been done
5> be active in their telegram group because one way or the other people that knows better do or will query them, by asking any question that they will answer anyhow,
6> Conduct personal research as to where to be listed and other.
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If you want to take part in a project, I suggest reading the whitepaper as before carefully if you feel that it's not good, just leave it, and also see whether the social media account updates frequently or not.