Really if there is anyway to erase scammers off crypto space it would have been better, 2019 would have bring better results for altcoins if not for scam projects everywhere scamming new investors, now scammers are scaring off new crypto investors wannabe since there is no trust or whatsoever and investors don't want to lose money either, whatever the next altcoin results is going to be will not be huge as many expected due to investors not trusting new altcoins anymore, no wonder why binance launchpads are selling out in seconds.
If crypto space is just like how binance managed IEO project in return for their own reputation altcoins will be skyrocketing right now because much more money will flow in, exchanges like binance is giving out trust investment that i really hope the entire altcoin space can do the same but its a shame scammers are robbing off the trust
Totally true. Due to the fact that there are many scammers within the crypto community, new investors who want to try their luck have been victimized, and as a result, it causes trauma and building trust issues which results to another problem that whenever they hear of ICO or something related to that, what comes first into their mind is the fear of being scammed once again so we are losing the privilege and opportunity to gain potential investors that can contribute to the growth of the crypto community. It is really hard to determine a scam at first because they look like promising and really catchy for the eye that is why they are gaining attention from potential investors that it is why it is real hard to avoid them specially if you are new into crypto investment. But admit it or not, due to various cases of scam, it costs too much because potential investors are backing out because of those incidents.