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?
to find out whether a project is a scam or not it is very difficult, seriously it is very difficult and maybe sometimes a project that we think is successful with everything that is fulfilled with a frills list in several markets. and even then is not a key scam or not a project is very much like that. and I think the point is we can only wait and see the progress of the project