How to Spot a SCAM? 448

How to Spot a SCAM?

More and more startups are entering digital currency market aiming to make money on investors and, accordingly, more and more investors also do so, aiming to make money on startups. It is perfect when both manage to cooperate effectively but unfortunately it is not that common thing.

We do face a lot of scam ICO projects. However there are less obvious fraudsters than hidden scam-projects which often look pretty well at first sight. Simple frauds do not care about details that actually show the origin of the projects: last-minute website, no White Paper or an “empty” one, founders swear that you will make a fortune by the end of the week. Sometimes these projects might have been rather successful earlier, but at one point something went wrong. So it is very important to be able to identify scam features and react quickly – stop backing the project or do not even start making investments.

But how to spot a fraud? To detect scam you basically have to think like a scammer. So what will a typical scammer do?

1.Unclear concept of the project

The first thing an investor usually does is reading project description, roadmap, and White Paper. Basically it should be absolutely clear what profit will an investor gain and when will it happen. If there are more questions than answers then you’d better stay away.

2.Last-minute website or a purchased one even without changes in design

You can check a domain name in web-archive or use who.is to find out when the website was registered. It requires some time to develop a particular project however scammers do not take care of that as most of them are ready to say goodbye and disappear as fast as possible.

3.Fictive and incompetent team

Steve Ballmer, former head of Microsoft, once said: “Developers, developers developers”. It is important to understand who stands behind the project and who is in charge of its implementation. Trivial incompetence can ruin even the most groundbreaking idea.

Today you don’t have to work for CIA or FBI to be able to investigate social networks or other internet resources and find out some information about the team of a particular project. It happens that CEO or advisors are not educated and experienced enough, their background is unclear and there is no evidence that they will manage a project properly. Take it seriously and remember that the time you spend on it will cost less than unprofitable investments.

4.No feedback or a vast number of fake comments and profiles

If there are no reviews and comments, that looks suspicious. However, the project may have just started and yet not so many people are aware of it. It’s much worse when forums and social networks are full of fake comments. The same thing is about advertising. When it becomes aggressive and the team is trying to retrieve the situation by media hype it might show that the project is not attractive enough.

5.Bad community and troubles with bonuses

It happens that even the most sustainable company experiences force majeure. Anyway this  information is usually widely discussed by the community and with each investor. There`re many articles posted on company’s blog and other resources. When the project starts “sinking”, the communication with the community is often getting worse – users have to wait for the technical support to reply and it may respond with standard phrases giving no valuable information. Details usually show how a startup presents itself: if it changes the terms of ICO bonus campaign or does not follow its own Roadmap – this is a strong signal that you should not make investments in it.

SCAM-roulette

When talking about scam we should always keep in mind that there are fraud-projects and just unsuccessful startups that did not went well for whatever reason. You never know.

 

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The Most Popular Games on Blockchain in 2018 110

The Most Popular Games on Blockchain in 2018

Have you noticed how fast the blockchain technology is conquering all the top segments? This innovation also did not bypass the video game industry. According to experts, this is one of the best symbiosis, since games on blockchain are not only cool, but also profitable.

At the moment, cyber-lovers do not have much, because the developers have not presented the world with as many games on blockchain so far as people would like. The Coin Shark will introduce the most popular blockchain games in 2018 to you.

1. HunterCoin

This game is the first gave on blockchain in history and currently the only autonomous and centralized one. It was released in 2014. The essence of the game is simple: you collect unmarked coins with the help of your own squad of hunters. As soon as they see the coin on the map, they take it and carry it to respawn. Simultaneously, other players, that is, enemy hunters, should prevent the coin from appearing in the wallet. The HunterCoin token operates inside the game.

2. Spells of Genesis

The release of the game was accompanied by a loud sensation. Spells of Genesis does not work on blockchain, like HunterCoin, but simply uses technology in the game process. The events in the game develop around the Moonga universe, where the enemy Sayosian empire – is located. The main goal is to overthrow the tyrant by collecting cards and building mines. Bitcrystals tokens operate inside the game. Android and iOS users can use the web version for free.

3. Beyond the Void

The strategy game has MOBA elements. Actions in Beyond the Void are developing in the future, where people found the “Cube”, which provides an opportunity to travel through galaxies. However, the “Cube” has a high cost, because of that people are forced to fight with each other. The game has its own ERC20 Nexium tokens, which provide access to additional resources.

4. Augmentors

This blockchain game with augmented reality has a lot in common with the well-known Pokemon Go application, as players need to create their own monsters, in Augmentors they are called Augmentors: semi-humans, cyborgs, god-characters and monsters. Now the game has 50 characters. The DataBit token is used as a means of payment inside Augmentors.

5. Bitcomon Go

The game application was released in July of 2017. The essence is quite simple: an account is created and various tasks are performed. Players receive tokens for the solution of these tasks. You can also receive the platform currency by inviting new users.

6. Yggdrasil

It is a slot game on the platform FairWin, which operates on blockchain. The main task in the game is to grow a tree. The game has levels, the tree changes appearance on each of them and opens new symbols for players. Currently, Yggdrasil is in the test phase. FWIN will be operating inside the game.

7. CryptoKitties

The game CryptoKitties is a real bomb of 2017, which has some similarities with the beloved Tamagotchi. In this game you need to buy a kitty, breed him or her with another cute little ball of fur, so that the kittens are born. Then the players can put them up for sale and receive cryptocurrency.

8. BitQuest

BitQuest is hard to call a game that works on the blockchain technology, but one can call it one of the popular ones. The game is a public server in Minecraft. The essence of the game is to kill monsters and get an “emerald”, which can also be obtained by exchanging for other items.

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Zelaa Coin: The Hottest Trend in Manufacturing ATMs for Cryptocurrencies 156

Zelaa Coin: The Hottest Trend in Manufacturing ATMs for Cryptocurrencies

What is Zelaa Coin?

The world of digital currencies is massively expanding due to the rapid development of cryptocurrencies. Thus, Initial Coin Offerings (ICOs) are becoming one of the most popular and discussed aspects of the cryptocurrency world. Named by Forbes as “the hottest and most realistic ICO of 2018”, Zelaa will provide its customers not only with an increasing value of coins but also a steady income on a weekly basis with the help of its machines. Zelaa is a promising projects which creates automatic teller machines for cryptocurrencies for the easier process of their trading while showing advertisements of popular brands to the customers. It occupies the third place in the world for creating cryptocurrency ATMs and is the first project to charge no fee for transactions. Zelaa is based on the well-known cloud-based informational and entertainment platform Tabverts. The ad-tech backed machines can stream up to 1400 advertisements of worldwide known brands and the operators have enough power and possibilities to earn at least $2000 a week. The main goal of the project is to build a bridge between digital currencies and the reality.

What are the beneficial features of Zelaa Coin?

  • No fees for transactions. It makes it possiible for the users to earn income while using the ATMS and also enlarges the audience;
  • Ease of access. A simple interface similar to the one of a fiat ATM with cutting-edge facilities can be understood even by the users who do not have basic knowledge of cryptocurrencies;
  • A wide range of accepted currencies: Ethereum, Bitcoin, Litecoin, credit cards, fiat money, bank wires, assets;
  • Mobile application. The app will make it possible for the customers to manage all of their transactions;
  • Ambitious plans. The project is ready to be launched to 24 countries within 5 years. Zelaa is planning to take over the cryptocurrency market.

The ICO details

The token of Zelaa is called ZLC (ZelaaCoin). It is a promising and highly effective ICO which depicts Zelaa’s perception of incorporating the powers of blockchain and ad-tech. The total number of tokens for sale is 110 million ZLC, while 6% of them are locked. The project has a soft cap on receipt of ETH, it is equivalent to fixed 943.80 ETH. The ICO will last 110 days unless the hard cap ($101 million) is reached. 1 ZLC equals 0.00011 BTC or 0.0014 ETH. The funds raised will be allocated in the following way: ATMs development (53%), gift code inventory (29%), IT development (12%), legal services (4%), bounty campaign (2%). The ICO will run until the 5th of June, 2018.

Zelaa is a platform which changes the perception of cryptocurrency on a global level. The process of buying and selling cryptocurrencies will become safe, authorized and fairly priced.

Join the development of the future most ambitious cryptocurrency project: http://zelaacoin.com

The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

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