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?
I need to confess here that due to my incapability to find out what are the legit projects and what are the potential scam projects, I started to stay away from altcoin investment and this industry. Because, this is the only way I believed that I could avoid scams in this altcoin investment opportunities. Honestly these days scammers too smart and intelligent hence you cannot easily spot out any potential scam.