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.
Yes of course, The trust will vanish by the scammers and all legit project are so very affected on this matter. We need to avoid scammer before the time that investors doesn't have trust to invest on crypto. So to all new on crypto please review first before to participate and make sure that investment can make you a profit either its small but legit is fine.