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Author Topic: How to know if the project is fake?  (Read 12174 times)

Offline Jentot

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How to know if the project is fake?
« on: June 30, 2020, 11:37:02 AM »
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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How to know if the project is fake?
« on: June 30, 2020, 11:37:02 AM »

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Offline masterrex

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Re: How to know if the project is fake?
« Reply #1 on: June 30, 2020, 04:26:15 PM »
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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Re: How to know if the project is fake?
« Reply #2 on: June 30, 2020, 05:18:59 PM »
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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Offline bigcash2011

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Re: How to know if the project is fake?
« Reply #3 on: June 30, 2020, 05:25:36 PM »
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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Re: How to know if the project is fake?
« Reply #4 on: June 30, 2020, 06:26:42 PM »
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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Re: How to know if the project is fake?
« Reply #5 on: July 01, 2020, 03:33:00 AM »
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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Re: How to know if the project is fake?
« Reply #6 on: July 01, 2020, 05:49:23 AM »
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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Re: How to know if the project is fake?
« Reply #6 on: July 01, 2020, 05:49:23 AM »



Offline Tanimariya

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Re: How to know if the project is fake?
« Reply #8 on: July 01, 2020, 07:14:30 AM »
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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Re: How to know if the project is fake?
« Reply #9 on: July 01, 2020, 07:47:48 AM »
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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Re: How to know if the project is fake?
« Reply #10 on: July 01, 2020, 07:59:37 AM »
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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Re: How to know if the project is fake?
« Reply #11 on: July 01, 2020, 01:15:02 PM »
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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Re: How to know if the project is fake?
« Reply #12 on: July 01, 2020, 02:34:53 PM »
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.
« Last Edit: August 31, 2020, 09:44:43 AM by Bobcrypto »

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INVESTING, TRADING,
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
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FOREXTRADING FROM $1
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Offline Master107

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    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: How to know if the project is fake?
« Reply #13 on: July 01, 2020, 02:39:26 PM »
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.

Offline Hometown

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    Third year Anniversary 10 Posts First Post
Re: How to know if the project is fake?
« Reply #14 on: July 02, 2020, 01:18:43 AM »
Plagiarism whitepaper
Fake team member
Fake website
No specific roadmap

 

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