Altcoins Talks - Cryptocurrency Forum

Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Domithra on December 27, 2018, 04:38:13 AM

Title: How can scam projects be eliminated?
Post by: Domithra 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.
Title: Re: How can scam projects be eliminated?
Post by: Hisbullah 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.
Title: Re: How can scam projects be eliminated?
Post by: Cryptoz 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.
Title: Re: How can scam projects be eliminated?
Post by: khufuking 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.
Title: Re: How can scam projects be eliminated?
Post by: tamango 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
Title: Re: How can scam projects be eliminated?
Post by: adterna 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.
Title: Re: How can scam projects be eliminated?
Post by: Mr.X 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.
Title: Re: How can scam projects be eliminated?
Post by: eurcoin88 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.
Title: Re: How can scam projects be eliminated?
Post by: ZionRTZ 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.
Title: Re: How can scam projects be eliminated?
Post by: carcas 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.
Title: Re: How can scam projects be eliminated?
Post by: MOProgress 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.
Title: Re: How can scam projects be eliminated?
Post by: anshor1 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. 
Title: Re: How can scam projects be eliminated?
Post by: UNIVERSE 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
Title: Re: How can scam projects be eliminated?
Post by: Robiul789 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?..
Title: Re: How can scam projects be eliminated?
Post by: PhiliPPs 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!
Title: Re: How can scam projects be eliminated?
Post by: Coin63@ on December 28, 2018, 08:55:23 AM
It is difficult to determine the scams project. When it could be determined then I delete from my bounty campaign list and remove my signature code and Avatar.
Title: Re: How can scam projects be eliminated?
Post by: noemail on December 28, 2018, 09:07:39 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.
for such a method, of course, securing many parties such as investors and hunters, but now this method can be said to fail because indeed almost all projects are scam better waiting
Title: Re: How can scam projects be eliminated?
Post by: Anayajurus on January 05, 2019, 09:31:07 AM
Calculate the scammers is not possible, especially if they order sites and do not use the prepared templates.
Title: Re: How can scam projects be eliminated?
Post by: doc on January 05, 2019, 09:36:18 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.

In my opinion,  It is difficult mate.  Because Crypto currency is anonymous,  No regulations.  So. We must be carreful to choose project.
Title: Re: How can scam projects be eliminated?
Post by: Altcoin1998$ on January 05, 2019, 09:42:06 AM
The best way to identify scams bounty project... First you should read whole whitepaper, see the road map, justify team management, website verification and information. Popularity.
Title: Re: How can scam projects be eliminated?
Post by: VirtualBtc on January 05, 2019, 10:03:22 AM
The best way to identify scams bounty project... First you should read whole whitepaper, see the road map, justify team management, website verification and information. Popularity.
Thanks to you for providing very important and effective information. I don't have any ideas about indentification of scams and fuad campaign.
Title: Re: How can scam projects be eliminated?
Post by: DAMKAR on January 05, 2019, 11:39:46 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.

In my opinion,  Scam project is difficult to eliminate. Because crypto currency is not regulation.  So We must be carreful to choose project.
Title: Re: How can scam projects be eliminated?
Post by: Doctor on January 05, 2019, 12:12:45 PM
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.

In my opinion,  It is very difficult to determine and minimize. Maybe We personally must be carreful to choose the project.
Title: Re: How can scam projects be eliminated?
Post by: jyotianand01 on January 05, 2019, 12:21:22 PM
This can happen only through regulations that scam projects cannot come to the market  and many countries are going forward to do all these things in future and it will automatically eliminate scammers from this market after regulations.
Title: Re: How can scam projects be eliminated?
Post by: jyotianand01 on January 05, 2019, 12:21:35 PM
This can happen only through regulations that scam projects cannot come to the market  and many countries are going forward to do all these things in future and it will automatically eliminate scammers from this market after regulations.
Title: Re: How can scam projects be eliminated?
Post by: rizqillah on January 05, 2019, 01:03:32 PM
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.

Maybd It is need regulations.  If the project under regulations,  I think scam project can be eliminated.  But,  Crypto is anonymous.  It is really difficult
Title: Re: How can scam projects be eliminated?
Post by: Ahmedalab on January 05, 2019, 01:11:13 PM
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.
Title: Re: How can scam projects be eliminated?
Post by: Fenix on January 05, 2019, 07:51:31 PM
ICO fraudulent projects can be avoided only through government regulation of ICO activities. I see no other real way. Government regulation can almost completely eliminate the problem of fraud in the ICO.
Title: Re: How can scam projects be eliminated?
Post by: DogeTalk on January 05, 2019, 08:24:04 PM
Yes, I agree with your thoughts. I am annoyed with scam projects that only make investors lose. there should be rules that make ico projects legitimate and reliable.
Title: Re: How can scam projects be eliminated?
Post by: diygirl on January 05, 2019, 11:45:10 PM
Maybe there must be a system in such forum or sites that provide the ICO listings.
However, it will be very difficult. The only ways are we must be more and more careful before investing in certain ICO. We must know their real team and the chat in telegram community.
Title: Re: How can scam projects be eliminated?
Post by: Coin63@ on January 06, 2019, 01:03:51 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?..
There have many important ideas towards identifying scams bounty campaign projects, scams bounty campaign projects team always fake, they have no certain official adress, before joining a bounty please read whitepaper and roadmap.
Title: Re: How can scam projects be eliminated?
Post by: Nautilus on January 06, 2019, 10:22:56 AM
some of the elements which you should be looking for to understand this:
* token metrics
* team members
* project area
* roadmap
* advisors are related with the project area?
.
.
.
.
Title: Re: How can scam projects be eliminated?
Post by: Celen on January 06, 2019, 12:25:14 PM
Scammers exist only because they know how to hide from us. Often they hire actors and order original websites and white papers, so the chances of calculating them are reduced.
Title: Re: How can scam projects be eliminated?
Post by: Xtinah on January 06, 2019, 12:51:31 PM
I don't think it can be eliminated completely, it can only be reduced. Even if there are measures and regulations to reduce scam projects, those scammers will still find other means to scam people.
Title: Re: How can scam projects be eliminated?
Post by: Fenix on January 06, 2019, 03:34:48 PM
Unfortunately, it is very difficult to avoid participation in fraudulent ICO projects. No matter how carefully we choose such ICO projects, the risk is still enormous. I have only hope for state regulation of ICO activities. It should start soon. Many states, such as Germany, France, Russia, Australia, prepare the relevant regulations.
Title: Re: How can scam projects be eliminated?
Post by: maro101 on January 06, 2019, 04:38:31 PM
The problem of combating fraudulent projects is very relevant. Investors will suffer until regulation appears for the conduct of iso. Unfortunately at this moment it is very difficult to determine whether the project is fraudulent or not.
Title: Re: How can scam projects be eliminated?
Post by: Quart on January 06, 2019, 11:58:52 PM
Actually, it is difficult to eliminate the scams. Because we are aware that they also work very confidently and advanced. They always prepare everything clearly and significantly. The only one to minimize being scammed is being careful. Analyzing the projects carefully is very important by analyzing the team, concept, website, community channel and social media, and more.
Title: Re: How can scam projects be eliminated?
Post by: Abiodun on January 07, 2019, 12:17:54 AM
The only way to tackle scam forum or project is to  always make an extensive research about the particular project you about  going into. You need to look out for things like what the project stand to gain in the nearest future, do they already have a working products, the teams behind the projects.Etc.
Title: Re: How can scam projects be eliminated?
Post by: Stuart on January 08, 2019, 07:42:19 PM
Even with all the regulations and agencies that will be set up and running currently to fight against scam projects will not be able to fight all scam. Scam projects will remain because they'll come with good outlook, giving convincing words. Stopping it will not be easily, but I hope they'll be stopped.
Title: Re: How can scam projects be eliminated?
Post by: leodiaz on January 08, 2019, 11:41:57 PM
So sadly, in fact, the scams are very difficult to be eliminated. If we see their team, they worked very neatly, ensuring us that their projects are legit. They make that kind of trustworthy concept, team, and community. And then they disappear. The ways are only being more careful, checking and analyizng more before investing.
Title: Re: How can scam projects be eliminated?
Post by: Speaker on January 09, 2019, 10:32:19 AM
There are no clear criteria to combat fraud.Each time their methods become more sophisticated and believable.
But you know what's interesting ?...
the vast majority of people give fraudsters their money on their own stupidity and carelessness,their greed and desire to get rich quickly.
Believe me, as soon as people start thinking-many scammers will disappear .)
Title: Re: How can scam projects be eliminated?
Post by: mahadev on January 09, 2019, 12:33:23 PM
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 scam projects can be eliminated by regulations.  KYC and regulations.  But Maybe many people dont agree that
Title: Re: How can scam projects be eliminated?
Post by: rudox on January 09, 2019, 03:42:27 PM
All the forums that will be managing ICO project should make it mandatory for for all the project teams to submit their KYC documents for proper identification in case of any act scam. With this only serious teams with solid projects will bring such out for ICO.
Title: Re: How can scam projects be eliminated?
Post by: Pope on January 14, 2019, 12:19:23 PM
I think this collapse of the Bitcoin exchange rate on the one hand and contributed to the outflow of scams from this area.
Title: Re: How can scam projects be eliminated?
Post by: KYB40 on January 19, 2019, 04:14:20 PM
It is a duty of forum moderator, ico experts and ico mark members , how can we remove scams project. Have any idea please share?..

Do not just leave it to them. You are not paying them to even say it is their duty. It is everyone's duty to look out for scam projects
Title: Re: How can scam projects be eliminated?
Post by: tamango on January 19, 2019, 05:08:13 PM
I think that a possible solution could be to use an escrow to check team and be guaranted for them... in that way most of scam maybe could not exist from the beginning.
Title: Re: How can scam projects be eliminated?
Post by: Nolkupit46 on January 19, 2019, 05:11:18 PM
No specific way to indentify scam projects. But sometimes it is easy to find by some moderator post and Analysis. They can easily identify scams projects.
Title: Re: How can scam projects be eliminated?
Post by: Master107 on January 19, 2019, 05:15:17 PM
I am not fanatic of "MONEY CAN BUY EVERYTHING" but in some aspects it is the norms.
So this will be the ultimate problem when adopting your idea in crypto decentralized program.
Billions of people and some of them are rich that can possibly interfere the strict rules.
Once corrupt is always corrupt. New solution will have new problem to be resolve. Scam issues in crypto will never be stop unless miracle happens.  :)
Title: Re: How can scam projects be eliminated?
Post by: bhm45 on January 19, 2019, 06:34:46 PM
for me the fraud project will disappear if the rules are strictly regulated and also each project team needs a clear identity transfer. other than that it must meet good criteria.
Title: Re: How can scam projects be eliminated?
Post by: Kazimi on January 26, 2019, 12:42:51 PM
Do you think this is technically possible? It seems to me that increasing the level of education of investors is the only way to help in this situation.
Title: Re: How can scam projects be eliminated?
Post by: trauchot on January 26, 2019, 12:45:40 PM
We can’t do anything with scam projects, we need to wait for the governments to take on the regulation of cryptocurrency and then there will be a lot less scam companies and it will be easier to deal with them.
Title: Re: How can scam projects be eliminated?
Post by: Elizabeth on January 26, 2019, 05:19:56 PM
As fraudulent projects to constantly improve the ways of making money and tricking people, then the solution vanishes in principle.
Title: Re: How can scam projects be eliminated?
Post by: gerion on January 26, 2019, 06:15:09 PM
Eliminate them almost impossible, because of the full availability of everything on the Internet. The only thing that can be done is to calculate the given projects.
Title: Re: How can scam projects be eliminated?
Post by: bayiajaib on January 26, 2019, 07:23:49 PM
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.

In my opinion  Scam projects  can be eliminated by regulation and KYC.  But crypto  is anonymous and decentralize platform.  It is really  difficult
Title: Re: How can scam projects be eliminated?
Post by: debra on January 26, 2019, 10:58:55 PM
Eliminate them almost impossible, because of the full availability of everything on the Internet. The only thing that can be done is to calculate the given projects.

Even if it cannot be eliminated, the scam cases can be minimized or decreased by knowing the indications of scams. We can learn about it from many sources, it is very recommended to do. At least, we know the signs of scams in general.
Title: Re: How can scam projects be eliminated?
Post by: comer on January 27, 2019, 06:19:44 AM
Its government regulation that can help decrease if not get rid on this scams project. I am seeing government to take the responsibility to help eradicate those evil on this space.
Title: Re: How can scam projects be eliminated?
Post by: zilzylian on January 27, 2019, 07:49:34 AM
The new project has a good idea and makes investors want to invest the funds they have to gain future profits, ICO is very good for developers and investors, but choosing the right project requires a lot of consideration and research to avoid fraud
Title: Re: How can scam projects be eliminated?
Post by: Tiana1 on January 27, 2019, 10:35:01 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.
it will be very difficult to eliminate scam projects completely. The options like setting up an anti scam team to follow up on projects can only try and reduce scam projects not eliminate it completely. These scammers will come up with other different techniques to scam people. Its really going to be difficult, it's left for people to just read about and understand a project we'll before investing so as to avoid scam.
Title: Re: How can scam projects be eliminated?
Post by: hsyncl on January 27, 2019, 01:01:30 PM
I think they can be prevented by a small arrangement. the only thing that needs to be done is to prevent many users from misusing the market. It's also very easy to do that.
Title: Re: How can scam projects be eliminated?
Post by: nakmantu99 on January 27, 2019, 03:16:45 PM
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,  scam projects  be eliminated,  because  cryptocurrency  is anonymous.  Too many scams now.
Title: Re: How can scam projects be eliminated?
Post by: Akinohn on January 27, 2019, 04:14:47 PM
In fact, if there is a regulatory body, then we will observe how it seeks out these projects and protects investors.
Title: Re: How can scam projects be eliminated?
Post by: Boy on January 28, 2019, 04:17:49 PM
To completely eliminate them, it is necessary to introduce a system to protect users from false investments with the help of an additional company that will collect investments and only then transfer it to the company.
Title: Re: How can scam projects be eliminated?
Post by: Plnshah65 on January 28, 2019, 04:20:23 PM
I don't find who to identify scams projects but I always follow scam problems in marlboroza, icoetheic and moderate Post. Scams project has no website and team management.
Title: Re: How can scam projects be eliminated?
Post by: AquaX on January 29, 2019, 03:19:34 PM
Indeed there must be very strict rules to prevent this scam project, in addition to tarnishing the world of cryptocurrency, this scam project also causes losses to investors who have lost their money and bounty hunters who have lost their time in spreading the news about the project.
Title: Re: How can scam projects be eliminated?
Post by: Ayana on January 30, 2019, 05:12:29 AM
You understand that the task is impossible, in view of the fact that some fraudulent projects spend more on the creation of the site than the real working projects.
Title: Re: How can scam projects be eliminated?
Post by: napster on January 30, 2019, 06:42:07 AM
Well, team's background is very important to detect this. Also, metrics, roadmap and project area should also be checked to understand if there is any chance to be scammed or not.
Title: Re: How can scam projects be eliminated?
Post by: Dandr on February 04, 2019, 04:33:34 PM
Investors should not search for fraudulent projects . The market itself should not allow such work .
Title: Re: How can scam projects be eliminated?
Post by: Dukinos on February 05, 2019, 12:43:21 PM
If it was so easy that you can paint in a few lines, then these projects could not exist in principle.