There's always a risk on buying new project because there's no price history yet and you can't analyze that, you just need to focus fundamentally and decide either to buy or not. I invest on many new projects before and its really normal to encounter fake and scam projects, your so lucky if you didn't experience this yet.

If you are ready for the risk of losing money, and believe that a new project can be a big thing in the future then why not invest. All the cryptocurrency in the market started from the scratch, look at them now.