So how do you indentify if the project is fake?
Like you said:
- fake address
Others:
- no tax/business number
- no cash flow projections
- no insurance
- unclear ownership
- standard privacy policy / terms of service
- requires you to send coin before withdrawing coin
(took 5 mins - will add more when I think of it)
Very helpful list. But I have to add one thing here. There are projects in which the team refuses to divulge their identity or other details (such as insurance or address). In such instances, it can be very hard to know whether the project is fake or not. In some sectors, anonymity is required. Examples are those dealing in porn or semi-legal sectors such as cannabis. And here, it is not practical for us to demand that the team members should reveal their identity.