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.
You are very right. With the rate of scam projects around, it's scary at times to invest, notwithstanding, one has to take the risk, just incase the project turns out not to be a scam. The only advice I always encourage people to adapt when it comes to issues like this is for everyone not to be greedy. Dont invest more than you can afford to lose. That way, even if you lose your money, you are still up and running because all tour eggs are not in a basket