From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
Exactly, that is one of the reason why i stop. scam is everywhere, i trusted a lot of campaign manager and i followed them every project they handled but when the time scammers drive here even them got scammed and all we need to do is to accept and find a new one. Lot of investors stop to invest in crypto because of what happened and trust is really hard to back. i think before they create campaigns make sure the people behind that project have real identity so we can reach out to them.