Hello,everyone I think there is an urgent need to end scam in cryptocurrency industry.In other to achieve this there is need to put in place a reputable site that will serve as a symbol of trust in this industry. So that any ICO that does not have the approval of this site will not be trusted. Do you think this can help to eradicate scam in cryptocurrency industry ? Or it can only bring a measure of protection to investor in the cryptocurrency ? Please let's have your opinion
Only government interference in form of policies and regulations can reduces scam in cryptocurrency industry. A review website can not be 100% trusted.
Websites can be a paid site, it will only give some insight but we need to do a more deep research in it. Having knowledge on the real use of that token and its legal issues can help in this matter, but the scam is part of this industry now. Its a matter of who have the skills to pick the right one.
With regulation from government/other party at least will make someone/some investor be convinced against the project ICO is legit. Before the ICO project announce, the regulator will review and make a study of the token background, whether from the developer or the token function in the future, but the most important is the developer of the ICO project. I think this way will reduce scam in the cryptocurrency.