How to know if the project is fake?

[Nennyel]

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.

[Lorix]

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.

[highnayem34]

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.

[212]

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.

[babu10]

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.

[Andruha1993]

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.

[Delgboke]

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.

[tinakoya]

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

[TERMINO]

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.

[ansi]

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.

[Rakin343]

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

[Rakin343]

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

[Jaephoenix]

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

[hair]

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?

[Lanirex]

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.