Re: How to Identify Cryptocurrency Scams

Hey, this recently published article on how to avoid risky investments and spot frauds mentions our forum Cool

Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12

I think the best way to identify the SCAM project is by looking at the team, the team of developers. SCAMMERS always try to hide their own identities and domain information, they often use fake identities without a link to their LinkedIn profiles. When you see something doggie with the team or domain registration stay away.

In my own opinion, it is hard to predict if the project is a scam or not because there are still projects that has a good whitepapers and has a great team, but their project is a scam or a fraud. That is why we should properly check every details in a project for us to know if it is a scam or not.

I strongly agree and agree that to determine a scam project is not only seen from the team and the provision of the web, etc. to provide a very good explanation of the project.
because now there are already many projects that just want to make a momentary profit.
it is better to wait a week from the start of the project, is there really a lot of demand?
but that also won't guarantee being fooled in the end, so the luck factor also matters.