Quote from: zidanw on September 10, 2020, 05:21:08 PM

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This is the advantage of the scammers using bounty hunters to promote the project and create a hype out of it, I think bounty hunters should really do start to take care of which projects they are promoting, yes they needed money and you can have it on by participating to bounty and airdrops but I don't think it's not a reason not to search about the project if they are legitimate or not however we can't blame them since some of the scam projects really look like a legitimate projects.

It shouldn't take a genius to figure out that a project is doing something shady. Anonymous developer and heavily shilled project on social media are just two of the many reasons you should suspect and stay away.

Quote from: cryptoperkele on September 10, 2020, 05:38:00 PM

This had an anon dev too? Could someone answer why people are suddenly trusting anon devs again? Bitcoin was the only project that actually worked out fine with a pseudonym dev, but that's because Satoshi didn't dump his coins, not yet anyway.

Yes, the developer is anonymous. Many of these scammers uses the "Satoshi Nakamoto is anonymous" excuse to defend their lack of transparency. While it's true that he's anonymous, other developers who contributed in the early days aren't. I also doubt he had a huge business interest in mind unlike these token developers taking advantage of hypes and trends.

Quote from: Mulann2 on September 10, 2020, 06:17:55 PM

I think investors should be more wiser when it comes to investing in this new defi project, my advice is don't stay too long to the point of get dumped on, always sell at the first chance and get out, only those who are greedy will hang on to the point where team exit scam.

More than 90% of the time, you'll lose with that strategy. Have you seen how fast new tokens are being dumped on exchanges? It just take a minute or less. You could be sleeping or just taking a pee while they're dumping.

Quote from: ven7net on September 10, 2020, 06:50:45 PM

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You are certainly right. But you cannot know 100% which of the projects will be a scam until this project is implemented, raises money and deceives investors. Until this path is passed, it is difficult to understand whether it is a scam or not. The fact that people believe everything and this is the problem, but investors can also be understood, everyone wants to make money right now. These are the risks that you should always be aware of and not be greedy about. As for scammers, they have been and always will be.

You don't need to be 100% certain before you avoid such projects. You just have to know the warning signs I mentioned above to realize that you have to take a step back.