Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Domithra on December 28, 2018, 02:21:15 AM
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Remember, this is crypto and some people prefer to stay anonymous. However, it will be in the best interest of the project for the team to reveal their true identity due to the recent scam issues associated with ICOs. Now, many investors refrain from projects with anonymous team because it has become one of the ways of checking scam or fake projects.
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Team's identity is reliable enough to trust the project which could also be the basis as transparent ICO. Showing not the identity is very suspicious project at the end failed and scam are the possible result.
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Team's identity is reliable enough to trust the project which could also be the basis as transparent ICO. Showing not the identity is very suspicious project at the end failed and scam are the possible result.
Agree. Trusted team information is the key for successful investment. If you find out a lack information of the project team, I suggest to not invest there. You mustn't put your money on a very risky project.
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Trusted team information is the key for successful investment
Showing the identity of the person involved with the team doesn't always mean he/she's trusted. It is just an additional ingredient to finding out there personal information as possible. And also it is not the basis of success. No matter how good and professionals they are if they cannot comprehend and manage such critical issues and troubles to be solve the project won't last for long.
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Hmm,, giving details of the team involves in a project give us a wide view of the project and is part of the elements t be note fwn before considering a project
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Not all of them are scam. But most of them are scam. They could be in the market for some time before zooming off and in which they are untraceable
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Not all of them are scam. But most of them are scam. They could be in the market for some time before zooming off and in which they are untraceable
Not all of them are scam, but some of them are scam, and the identified projects can be scam too, which happened in the past.
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The authenticity of the data is very important for the ico project. That would add investor confidence when he saw the team from the ico project. experience and seriousness are the most important things.
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The authenticity of the data is very important for the ico project. ~snip~
Perfectly true, my buddy. It is the core of this topic. If we can know how to examine the data of the project including team info, then the scam can be eliminated. We need a decentralized team to verify data of new ICO projects. It my be platforms or a group of people. Yeah, this may be a crazy idea but it is very needed to solve the scam issues.
Let other parts of crypto still anonymous, but no for project data.
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As a rule, if the team is anonymous, then this is probably a scam, I usually do not trust such projects, because if they are going to do something really interesting, they are unlikely to be hiding!
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The fact is that now even projects with a public team often turn out to be scam projects, therefore even the presence of a public team is not a guarantee that the project will not turn out to be a scam. For most large investors, it is important to get acquainted with the project’s team and CEO before investing your money in it.
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In ico market different types of people involved in but all people never same as nature and mental. So anonymous people always not a scam.
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I do not invest in projects if the team is anonymous, because I have experience in investing in such projects and they all turned out to be a scam. I do not advise to take part in such projects, because I believe that the team should be public, open to communication and be responsible for their actions and promises that they make to their community.
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The fact is that now even projects with a public team often turn out to be scam projects, therefore even the presence of a public team is not a guarantee that the project will not turn out to be a scam. For most large investors, it is important to get acquainted with the project’s team and CEO before investing your money in it.
Of course, at a time when a very large part of ICO projects turn out to be fraud, ICO teams must themselves be interested in showing their transparency and purity of intentions. If they prefer to remain anonymous for any reason, given the current difficult situation with the level of fraud among ICO projects, such an ICO team should be regarded as fraudulent and joining it, or investing in its project is not worth it.
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I followed some projects that started out with an anonymous team. many of them turned out to be scam/failure while some turned out to be legit. The legit projects eventually revealed the team's identity to the investors delight. I can say that it adds to the confidence of the investors if they know who are the team behind the projects they follow. With more confidence, more investments usually follow.
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Not necessarily. But anonymity has been the popular way of fraudsters from airdrops to ICOs to get away with their scam activities.
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There is definitely a lack of trust if the team is anonymous, but that doesn't necessarily mean that the project is scam.
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Quite a good approach, because people should invest in the idea and product, not the people behind them.
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Remember, this is crypto and some people prefer to stay anonymous. However, it will be in the best interest of the project for the team to reveal their true identity due to the recent scam issues associated with ICOs. Now, many investors refrain from projects with anonymous team because it has become one of the ways of checking scam or fake projects.
I think that such a company will cause very high suspicions, especially when it begins to advertise high rates and payments.
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Not necessarily. Not everyone projet has to have publicly known creators. But I'd say if a project is very transparent with their leadership, there's less of a chance that it's a scam.
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I know only a few projects that could afford it, but they did not show their faces, and the names of the names knew everything.
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Well, that is not 100% correct however it seems suspicious. Personally, I would not tend to invest in the projects with anonymous teams. You can say that bitcoin team is anonymous :) Yes you are right but it was the first crypto
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I think projects with an anonymous team do not inspire investor confidence. People are accustomed to the openness of projects and want to see their team, study its participants and on this basis make investment decisions.
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Why? We know a lot of projects that did not show their faces and reached a good level of fees. Anonymous team =/ low fees.
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I don't know if a project like this is really a scam or not but personally I would not invest in it..there are so many projects where you can check team to exclude that they are false profiles...
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I don't know if a project like this is really a scam or not but personally I would not invest in it..there are so many projects where you can check team to exclude that they are false profiles...
Yeah, we cannot determine the scam project or not thorough the anonymous team. But I agree with you, we must avoid to join the such project like this. It is very risky since the fraudsters may be behind the project.
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No way it is not easy to identify a scam projects with anonymous team because team is anonymous but project is very potential to invest.
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If the team cannot reveal their identity, they are more likely scammers. learning from the past, better stay away from those projects
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Crypto is anonymous, but because of its anonymity, crypto is sometimes used by certain people to commit cyber crimes. This is what makes investors increasingly careful in investing.
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Yes if a project have a anonymous team i believe its a scam.You need to know who recieve your money,what experience the team have to see if they are capable to deliver what they are promis to do.
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Generally, if the team wants to be anonymous is hidding some future action that goes against the interest of investors.
This is my conclusion based on my experience in ICO projects.
So, be aware and check all informations available.
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The main goal of any ICO is to attract more investors and news projects to your person, which is why it is a good way to stand out.