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?
First thing that I joining project since in 2017 it was name as ICO on that time and one of them I did not encountered fake project or scam project but there are few of scam project sometime on that era. And when in comes to year of 2019-2020 most of projects are fake and so we can tell that they are not trust project because of these doing that not distributing bounty rewards and always said the words soon but in the end was a scam projects.