Post
Topic
Board Announcements (Altcoins)
Re: DREAMR - The First Platform For Dream Manifestation
by
nwosuchristabe2
on 25/10/2019, 09:25:22 UTC
With the number of scam projects, it’s difficult to find a great project with a good team. Exit scam doesn’t seem to be a new thing. I think investors are going to be happy to know they are working with a team dedicated to make the dreams of users come true.

Scam projects has done great damage to the cryptocurrency industry. This has not only given the industry a bad image in the eyes of the public, but has also made it difficult for the legit projects to raise funds. Projects needs to work twice as hard to raise funds and that explains why several projects are not encouraged to continue after hitting a deadlock of insufficient funding.

How I wish there is a way to thoroughly screen these projects before entering the market. These ICO listing companies I feel are not helping matters that much. They have the power to reject project listing if they think it's a potential scam. They should do proper questioning before listing projects on the websites.

It would have been much better if there's some kind of regulation which would help the regulator set up a system to checkmate the excesses of these projects. Due to the fact that the system is prone to abuse, several scam projects have dominated the cryptocurrency space. Another reason is that there's ease of entry and exit. Anybody can set up a project and ask for investors and after getting the fund, exit the space without a trace.