Post
Topic
Board Altcoin Discussion
Topic OP
Any Proven Method To Identify SCAM 🤬 Projects Right In The Beginning
by
dlite560
on 04/12/2021, 12:03:53 UTC
We all know that Crypto industry is full of scammers and every time they able to cheat newbies and sometimes more experienced ones.

But Is It Really Possible To Identify A Scam Project Right At The Beginning Of Its Launch?

We see there are many projects launched on daily basis. Some are really successful and others are less. But many projects are being launched by scammers to pull money out of people pocket.

Recently a Scam project "DXSWAP.NET" did exactly the same. Although they run a bounty campaign on Bitcointalk forum tu prove their legitimacy. But ran away right after the pre-sale.

Bounty Thread:
https://bitcointalk.org/index.php?topic=5373220.0

They took good amount of money including my $200 in a false manner.

Proof:

]https://ibb.co/YkvsBvG]

I am not much worried about my loss but I want to prevent others from being scammed.

So please share your experience on how to identify a scam project at early stages.