The crypto world is so vast and they are interest from all continents of the world. Some investors / projects came with good intentions to make the world a better place while some to defraud investors and projects founder. Can we have a better way correct scam and lapses?
With such a huge bear market happening in crypto, even well-intended projects get abandoned or never get off the ground.
The best way to watch for scams is to stay on the investing sidelines while simultaneously doing the requisite research on all aspects of the project. Even for projects that will end up making it all the way, in the early stages the coins and tokens are always cheap relative to the future.
Joining a bounty and becoming active in chat groups is another way to get a good feel for the project. There are some projects that seem obvious they will succeed. The vast majority not. Working for them gives you a chance to learn their priorities, how seriously they take customer service, how quickly they solve individual's issues, how much spirit they show, and other things like that. Only the best scammers go to to extreme lengths to fool people, but fortunately for us, there are that many pro scamming teams out there. Most of them are bad actors and give themselves away over time.
One other thing to keep in mind is the insane valuations projects place on their coins/tokens before they even hit the market - pure unadulterated fantasy. Making numbers out of thin air is one thing they all seem to be good at. With that in mind, if over time you do decide to invest, once the coins/tokens hit an exchange, 9 times out of 10, they will go down in value and become very affordable for the astute investor.
Best of luck to everyone on this blog.