Post
Topic
Board Altcoin Discussion
Re: How can we avoid scams in blockchain?
by
gwdf1
on 12/11/2021, 03:53:00 UTC
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?

It is really difficult to judge today if is a worthy coin or just a scam. So you shouldn't risk big money. Personally I  investigate the idea and docs, then I overview the team members and partnerships. One more important thing is a marketing campaign and social media. You necessarily should investigate if there is a big community and there are many people who trust it and want to invest.