Re: How to know if the project is fake?

previously I have never checked the authenticity of a new project address, for now, I prefer projects that have been listed on the market, although the price is cheap but the success rate of the project is clear.

yes absolutely right, the risk is very small if the project has been listed in exchange, rather than not at all, many fake projects that appear this year, hopefully we all avoid it

It is only true when you select the altcoins listed in the major exchanges in this market, if you choose the altcoins listed in the small exchanges, I believe you will have a similar result. , the price will decrease many times and you will lose money with it

sometimes the founders of the project will try other ways, maybe by building their own exchange project and making IEO run on the exchange as happened to the BCNEX exchange, which currently has a scam, so you have to stay alert when you want to participate in a new project offer.

Yes, you are right. All the exchange projects i attempted are scam. Well, i do not know if some actually came out plain and were sincere, which i did not attempt. They know that if the IEO is done on an external exchange, they might not be allowed full access to the fund and perhaps, there will be a lockup period, which they are running from.

The lockup period is a must. I think if this has already mentioned in the agreement between the team and the exchange site who has been launching the IEO. We have learned a lot from BCNEX is what has already offered by this crap exchange site totally fake and we could also see that from the hot wallet whether it has real liquidity or not.