How to identify COINS that are based on lie, fraud and greed (In progress)

Dear Community.

There is nothing new to people working in the Blockchain Industry, but for newbies we should point that out:

The world is full of lies, fraud, greed and scam. Nearly everything you know is a lie and this also applies to Blockchain industrie.

What are Scamcoins? (Quick answer)

Digital Coins/Token based on lie, fraud or greed to steal the money you invest.

Whats the difference between COINS and TOKEN?

COINS use own Blockchains and TOKEN are created with a Smart Contract on existing Blockchains like Ethereum.

How to identify Scamcoins? (Red Flags)

Before you invest your money you should be aware what you are doing. To get a good overview about the Coin you would like to invest, you should check the following:

Visit https://www.coinmarketcap.com and look at the charts

• Is there very big price increase or decreases? (Pump and Dump scheme)
• Check the if you can find any strange values. (Price, Market cap, Volume. Supply)
• How do you feel and what was your first impression when you look at the logo?

Visit the Coin-Website

• Can you easily find a mission statement and a __whitepaper
• Who is behind the project? Can you find a team page? (Red FLAG)
• How do you feel when you look at the team pictures? (Trust your intuition)
• Impress? Any information if it is a company, a foundation, outlaws or whatever?
• Does the Website provide beneficial and helpful content to get started?
• Do they have there own Wallet to download for Linux, Windows and Mac...?
• Is there a Roadmap for future development and does that fit to the mission statement?
• Check if you can find claims like "big profits", "secure invest" (Red FLAG)

Other Questions and investigations

• Search "Coin+Fraud" and look whats popping up
• Search if you can find anything suspicious about the Founder or Team members.
• Make sure the coin is not highly pre-mined. (It only benefits a few, centralization)
• Is the Wallet stable and are the providing installation tutorials?
• Check if there are regular news and technical updates provided.

List of Scamcoins (in progress, more is coming with further information)

• Bytecoin
  https://bitcointalk.org/index.php?topic=740112.0
• Digibyte
  https://steemit.com/digibyte/@ascakan/digibyte-is-a-scamcoin-and-a-ponzi-meant-to-trap-kids-while-the-devs-and-whales-cash-out

This Article is in progress,
i will provide further information as soon as possible.

If you like to tip, you are welcome:
Bitcoin --> 1EjL7rfaHZmbvxQGiLzqToj5UR553hYh4V
Litecoin --> LRaxpcU61i6f1wtSQeq8BYyBjDMFocMMNL
Ethereum --> 0x5e2ae7852832ce61d7278d5e634e7e1ef10c2653
DASH --> XyTxbmWQeLDN52vogDSpmgpktocwydnqFH
DOGE --> DB3KcpkVXKy34c6ai2uxrELpqpzZoHA64M

If you have any questions, leave me a reply.
Have a great day,
Roland