Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
Maybe I'm one of those who thinks that this project will not be successful?
How can you check the veracity and verify the project in the first place? It will be like DYOR in my opinion.
And if what if they found some anomaly? Will they raise a red flag? and what if the project they've flagged doesn't agree with them? If will be a back and forth war between the two project. I guess still boils down to us investors to really check everything ourselves before pouring our hard earn money on any projects.