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?
This has become extra relevant espicially during this pandemic. There are a lot of projects popping up trying to get into the hype. While most of these are just seemingly reviving old coins but in reality theyre just selling dead coins to hopeful investors. Cant call it fake project tho, just flat out dead.