~ But Is It Really Possible To Identify A Scam Project Right At The Beginning Of Its Launch?
There are basic steps to identify the legitimacy of a start up project but they are not 100% guaranteed effective as you already experienced. Learning from the lessons of 2017, a verifiable team is one of the best deterrent and it's at the top of my list. You never really know what they have in mind but they would think twice before scamming if people know their real names/faces. Having an aggressive marketing campaign is a 50-50 for me. It's either they are serious in securing funds to develop the project or they are desperate to take your money.
Verifiable team is not also guaranteed of project legitimacy based on my experience the helbiz project on 2017, team revealed their true identity. Actually they made live video streaming on youtube promoting their project but in the end after they collected money by dumping their token in the market they abandoned it and whoever asked to CEO on his social media accounts about helbiz token he easily block the person as well as on their main telegram they do desame. Some token holders file a case against helbiz.