I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam.
That's the problem of being in decentralization, anyone can create their own project in crypto, so expect that most of the projects in crypto are scam, like in 100%, there's 90% scam, only 10% are legit. You can easily spot a fake crypto project or ICO, just do research on every detail they said. Nowadays, some of them are on conducting ICO, a lot of fake ICO happening, they can easily launch ICO even they are not real.