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.
It's a shame to say that our markets operate by people themselves and there is no government or legal intervention. therefore, we must protect ourselves, we are in a small flat world without any protection of any organization. Therefore, in this market, it is very harsh and anyone who keeps a lot of money is also a great success.
so we should learn how to protect ourselves better and ignore those trash. Knowledge of investment and trading is indispensable in this market. learn a lot to avoid big losses.