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?
It is possible if you do an intensive research about the project.
I just currently finished doing my research on one project just now and decided not to invest in it. Basically, I look for
their whitepaper, Partners (I'm looking for something big here), Developers and team that are actually showing their face much better if it is in a video AMA, and I also join their community eavesdropping their convo and looking for something shady.
So for me that's all, still haven't been scammed luckily.