Post
Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
memed97
on 01/08/2021, 18:05:53 UTC
Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?
To find out if the project is a scam or not, you can look back which makes you doubt in what way, some of the projects I've worked on, and also some of the altcoins I've invested in, I always see that the project manager is an experienced person of course risk - the risk of scam will be minimized, although we cannot predict with certainty what will happen in the future, try to invest in blockchain that has been recognized and there are no allegations of fraud.