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.
I do think so. It is because of the traumatic experience from recent scam projects that the investors have been into that drove them away making them avoid investing into projects that involves cryptocurrencies. Even bounty hunters are afraid of engaging into projects because of those scam projects that they have gone through. We are all suffering because of that. Now, the mentality of investors as well as bounty hunters are into the concept of generalizing all bounties or projects are scams that is why we are poorly supported by investors making the market down that leads to the failing of some projects in the market. For me, in order to make the bounty hunters and most specially the potential investors to get back into investing on crypto project, we must establish once again good credibility.