How to know if the project is fake?

[Jentot]

Finding real project is really hard to find even famous bounty manager can be a victim like bounty detective in kingcasino, I hope this thread can give you knowledge and improved your decision making in choosing the right project.

Thank you for sharing your ideas.

[Quart]

The rea sp,e sohs of the projects are fake"
1. They will promise very big thing but unclear project explanation on the whitepaper
2. They use a fake profile of the team, check and recheck the team profile on  the social media
3. Their community is not active really
4. They have strange transaction on their smart contract

[MrSpasybo]

Here are some issues that we can consider when suspecting a project:
- The idea is too bad, or too good in terms of profit (200% per year);
- Fake or poor quality website;
- WhitePaper is sketchy or is a plagiarism product;
- Team: using fake information or lack of key members in technology, unable to verify members;
- There are no activities in the crypto community: attending seminars, conferences, AMA ...;
- Partner: no reliable partner;
- Roadmap is not realistic or very sketchy;
- The distribution of  supporting community, ponzi usually comes from 1 local community;
- Works on Facebook/Twitter channels: too few or poor quality posts;
- Profiles on ICO / IEO websites: don't have or get a low rating;

[kevinjulio]

First I will do the analysis through social media. Projects that have negative comments should we avoid. Then follow the community that supports the project, and if it has a negative perspective on the project, then we should avoid investing. A good ICO project certainly has an active community that supports the project.

[KryptoBull]

Finding real project is really hard to find even famous bounty manager can be a victim like bounty detective in king(casino), I hope this thread can give you knowledge and improved your decision making in choosing the right project.

Thank you for sharing your ideas.

As you said, Kingcasino is a pretty good case to be discovered as a fake project.
They have a well-groomed website, they have an MVP, they have an IEO on Latoken, they have a score of 4.25/5 on the ICOholder, and their bounty campaign is supported by BountyDetective.
However, there are some suspicious issues about this project:
- Their profiles on Facebook & Twitter do not provide much useful information;
- There are Vietnamese in their team, and they are the majority;
- The field they are involved in is casino - a field that needs more legal regulations to develop worldwide.

[Rivaldi Kunkun]

A good ICO project provides information to its customers about project development. We see that the fake ICO will certainly never give you complete details of the project developments and plans for their investors. And thanks to friends that this post can add to our knowledge of fake ICO. Hopefully, this can be useful for beginners or people who are confused about determining the ICO project.

[alltalk]

We see that the fake ICO will certainly never give you complete details of the project developments and plans for their investors.

Most of the team members of ICO scams disappear after the fundraising phase. So, certainly, there is no further information about project development. To avoid this scheme, we are better to be more selective to analyze the team member's track record. If there is no clear information related to the project team, we are better to forget joining on that project.

[Review Master]

I personally take a look into their website , team member's Linkedin Profile and whitepapers to clarify basic verificaitons from my side. After that try to search reports regarding that projects and in this point, i able to get some reports regarding to that projects if the project is scam one or not ( Always try to avoid paid reviews ). Nowadays, most of the scam projects have whitepaper plagiarism and even that project listed in some shady exchanges where they only sell their own team member's tokens/coins. When all tokens unlocked , the team disappears. So, it need to bear in mind that plagiarism projects won't give anything even if the token is listed in exchanges.

[tingo]

Sorry to say, but 99.99 % of ICOs either are scam or will fail.
Simply because if an idea is enough good to be succeeded, they will not share their benefits with people.
So either the business model is too risky or the project essentially is a fraud.
In both cases burden it on shoulder of middle Joe - you or me, or who wants to be millionaire overnight -

conclusion:  More than 67% of traders left the market after losing the last penny of their capitals.
So sad but TRUE story.

[abc123]

The number of projects are increasing day by day.I think if you should find good project you should research about the team members ,ICO website , partnership,read white paper and  etc.Also Now many projects (IEO) are listed in major exchanges such as Kraken , binance,okex.also you can invest in this projects.because I think these projects are will be reliable.

[tinakoya]

When you read their paper and it looks too good to be true. Also check their whitepaper for plagiarism. Check the interface of their website, some fake projects you will find errors and poor website. However, have it in mind that some will pass all checklist but still will be scam project or project may fail due to lack of fund eventually. Crypto world is really is a gamble, we can never be too sure.

[hair]

Crypto world is really is a gamble, we can never be too sure.

That true, the only way to find out about fake projects is detailed analysis and get more information or call / send an email to prove their website.

[vegasus]

We cannot determine a project is a scam or not before doing research on it. There are some considerations to analyze:
1. The team, check them on the social media whether they are real or not
2. Check whether their Whitepaper is genuine because right now many scammers use another project whitepaper.
3. See their community channel. Although they are the same and also officially crowded and trusted, it may be better
4. of course, f they promise the very high thing, never believe in it.

[UNIVERSE]

I usually look at the whitepaper to learn whether the project is a scam/fake or not. There is a lot of information that we can get from the whitepaper. We can see the identities of the team members there. Also, we can know the project legality or concept there.

[Paglamon]

Fake projects are really frustrating. I am reading a post, where it is possible to understand whether the project is fake by checking IEO and ICO. I think this issue is safe. You do not need Google Maps to confirm whether the project is fake. Do you want to know if the project is real or not? Then I verify that ICO and IEO directly. Then you can understand about fake team.