Post
Topic
Board Altcoin Discussion
Re: How can we avoid scams in blockchain?
by
Mahanton
on 21/12/2021, 23:59:23 UTC
First of all, I will check the contract with the dog hunter software in the telegram to see if there are red flags in the contract. I will also check its website and community to see if the number of participants is large enough and whether they are very active.

But even in this case, you will not be able to look into the heads of responsible team members and find out their true intentions. In addition, no one can guarantee that after the money is collected, the team will also selflessly work on the development of the project.
One of  the risk you should accept on whenever you do decide on making out investment here on crypto space. Team could be anonymous and funds couldnt be possibly retrieved once they have decided on running it away which do really sucks big time if ever that thing happens.
One thing you should really have on able to save your ass is to have some common sense and make out some research for you to be at least aware on whats been happening around.
Scams are everywhere and theres no way you  could really stop them but you could at least get rid of them if you do know on what you are doing.