Post
Topic
Board Altcoin Discussion
Re: Altcoin very Big problem
by
qualitywork
on 25/11/2020, 19:50:20 UTC
I am often skeptical of the cryptocurrency market because cryptocurrency has neither a worldwide community nor a rule to make coins, so my faith is not more than just 10%. This is because 2 3 Coins of the same name can also be made.  Ho and no one sends you any legal notice or banner and if 10 projects come in 1 month, then 8 of them are fake, if this problem is not solved then trust in this market will not increase...

It's a bit difficult to figure out a scam project unless you do thorough research right from the team member's profile, their whitepaper and verify if the points in the whitepaper are copied from another project's whitepaper because I have seen projects wherein they have picked content of whitepaper from multiple projects (bits and pieces). Unless the community starts doing the research before being a part of these scam projects nothing could stop scam projects since there are no such restrictions in the crypto domain.

There should be a KYC process for Dev team before they can advertise the projects in this forum to keep the forum clean.