The most important thing is that the Waves X project is unnecessary to invest, you are given coins for free, this fact is worth noting.
Invest in Waves coins, get free WVSX, then sell both coins, where are the risks?
The risk is in the investments themselves, because when people invest in the project with hopes that tokens can then be sold on the exchanges, and whether it will pass the listing itself. In general, one should start with the fact that the cryptocurrency market is one continuous risk.