How can this project prevent or rather avoid funding a fake campaign at all? Is there any validations of the creators and developers before funding or investing on a particular project or platform? i'm well concern on the investors and companies that funds, specially working to profit money is very hard nowadays. how was that?
They haven't said or updated the steps that they will do to filter those scams or fraud ICO. Hard earned money is not easy to let go, so if you are being scammed by these it surely is heartbreaking.
Even though they didn't mention on their whitepaper on how to avoid or filter those scammer, i believe that Arizn has another way to filter it. Of course before they fund other busnisses or accept investors i am sure they will also conduct their own private invistigation.
Not just that, i am pretty sure that the team will not just investigate the project.
ARIZN will have their INVESTIGATION DEPARTMENT/TEAM for every ICO they will have for others.
they will not let their reputation be torn because of other project.
Agree, that reputation is also aim and believe that this project of Arizn will become succeed, due to the team are also knowledgeable to run the business in the field of crowdfunding,so that wisely investor are really like too.
Well it's no surprise that because Arizn's project has a system that is designed to maintain its good idea and reputation with regard to a project so it's no wonder that it's early enough to achieve success and because of its extremely difficult team, so with the help of crowdfunding so many it's more investors investing in it to help the majority.
Having a good reputation is a must with this kind of platform and ARIZN is truly aware of these things. Despite many negative things that a crowdfunding industry was receiving, ARIZN really wanted to make a positive difference to gain the investors' trust and interest on crowdfunding by using the latest technology that will protect every investor and give them a transparent platform for the sake of fairness and reliability.
Not just in this platrm but every business must got to have good reputation, it is one of the key factor to attract would be investors or clients. It is like it is the first thing that they will based their judgment of the company. So good reputation matters a lot. And i do believe Arizn have that.
I agree with you. One criteria investors looking for at the project is that the project has a good reputation. The project cannt attract and convince investors to invest on their project if it has bad reputation because it is also the basis if project is trustworthy and has a higher chance to success. Arizn crowdfunding project has good reputation,i believe on that,that's why they already raised $2 million as their project funds. They raised that amount because investors already know that Arizn project was good and become successful crowdfunding platform.
When you go in investment and to avoid scam get a second opinion, be skeptical of unsolicited investment
opportunities over the phone, online or from acquaintances. Before you invest, get a second opinion from a registered,
qualified advisor, a lawyer or an accountant. This will be a big help to all people/investors who wants to invest.
I agree with you about that every new in starting a business should have a second thought of opinion for them to have an idea if it is really worth it to try or not
Honestly for this reason that anyone who chooses to invest must be extremely careful to avoid being a victim of scams,becuase its very important for you to understand that fundraising through ICOs is risky. You should therefore under no circumstance invest using an amount that you cannot afford to lose.
you have also point, aside form that you should consider which kind of blockchain their project is designed on. Many startups use ERC20. If not, then they must be using a custom decentralized blockchain and impressive proposition.
Before you make any investment, understand how it works, the risks and any fees.
Make sure it fits with your financial goals and your other investments.
You need time and do a research before you invest.
Be suspicious of time-limited offers and high-pressure salespeople. If the investment is legitimate,
you should not have to invest on the spot. Take the time you need to make an informed decision.
Generally, anyone selling securities or offering investment advice must be registered with
their provincial securities regulator.