You are right.There are several ways to identify a fake project.However, I think. In a fake project, the team always uses fake locations and the team's name and address are all fake.Besides, the volume of their investment in the exchange is also fake.Most of their social media information is very enticing.
How can you tell if it's fake locations?
Will you book your plane ticket and go to that country to check? Just check out the project team and product, I believe you will know whether they are legit or scam.
Well, you don't have to do that. There is plenty of detective service to check in a local location for people from abroad. But many projects don't have a headquarter location or they could list something vague and not in detail. I think there are many ways to identify the legitimacy of a project, team information also one of that.