Post
Topic
Board Altcoin Discussion
Re: How do you make sure a projects funds are safe?
by
plr
on 08/08/2021, 08:17:21 UTC
Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

What are you looking for to verify that they won't run away with the cash?

Any ideas on how a project can build trust with the community on this topic?



If you have doubt then don't invest in ICO, there's a lot of deception in the ICO type of crowdfunding, it's better not to invest in a project done in ICO if you are really interested to invest and you want to be safe, then wait for the coin to get in the market, you can still buy cheap there early investors tend to dump their shares when it hit the market after they made profit.