How to know if the project is fake?

[Prime]

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.

[Alter]

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.

[Augusta]

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.

[CharlieKyle]

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.

[Gwatan]

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.

[Naimah]

All of this is geared towards giving you sincere advice - do your homework before making any decisions.

[Lillian]

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

[cynthiaaddison]

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

[Keelin]

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.

[Keelin]

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.

[ashraf786100]

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.

[Augusta]

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.

[Rosemaryy]

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

[Ten Ryuu]

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.

[Jaephoenix]

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