Do you think it is possible to completely get rid of scams?
Hello everybody. I think everyone who has ever been involved in cryptocurrency investments is interested in the question of how to protect themselves from scams and loss of money. Recently I learned about the CheckDot project, which creates a platform with which it will be possible to get an assessment of any project in the blockchain world. In theory, this way you can get rid of a lot of scams, but does it help?
What do you think, is it possible to somehow get rid of scams among crypto projects?
nah, it's hard to avoid them. they are getting smarter day by day. some projects even have a good whitepaper/litepaper, audit, Doxxed team, etc. still can scam you. i believe CheckDot project can't fully save you from scammers. i'm still investing my money in top 50 market cap coins. but it doesn't mean i am safe from scam one day. maybe one of them turned into a scam project in the future.
But it is more convincing to choose a project whose market capitalization is clear, such as the investment you make in the top 50 coins, this is clearer and we can make a thorough study, compared to the ChekDot project which currently does not have any prospects , many projects sometimes only rely on hype, not infrequently they even do evil ways to deceive many people, to avoid all that it is better for us to avoid.