Post
Topic
Board Altcoin Discussion
Re: Scam Coin's.... What should be done?
by
Ilegendph
on 17/08/2018, 13:00:39 UTC
Every day a new project is announced. And I am afraid that more than half of them are SCAM. It is very difficult to find the truth. It seems to me that there will soon be an improvement.

There are several ways to detect a scam. It includes project feasibility and potential market. Project feasibility can be determined by simply thinking what they are proposing on to us, will the project works? Is what they are presenting is attainable? Do we really need that project? Is the project the best solution among the alternatives? Well considering those question and you got a nice answer by reading their white paper then it is feasible while on the other hand, we should also consider their potential market. Who are the target market? Why would they pay for platform's service? Will the project  last for a long time for a susutainable income in the long run? If these were answered nicely then check their legitimacy like knowing the developer's and adviser. Where are the project would be incorporated? It is necessary to avoid future complications in legal matters.