That is what happens in an unregulated milieu: chaos. The trouble is most of those projects range from crass, unabashed imitations to pure scams and just a tiny fraction are tangible and have a working products, of which a tiny fraction of this actually survives up to a year. Yeah. Always do your research
an unregulated environment is an area that is easy to manipulate, so there is freedom for people to commit fraud, this kind of project does not have a good community, team and developer, but the product serves as a tool to manipulate people's desires to commit fraud, so be careful Be careful in investigating such a project, doing research and evaluation all the time.
unfortunately at this time, new projects are not much innovation. they only make projects with short-term planning. even most just follow the trends in the market. cross-chain, Gamefi, and NFT. you can see every day there will be a new project born and announced on the launchpad. not all bad, but sometimes they will just get the hype up in the first place. then down very quickly.
that's why we can't trust them, lack of innovation, short term planning and trend following more and more make people avoid those new projects, almost everything we see on launch pad, new projects are not very developed except NFT, only hype affects them and then getting back on track, there's nothing we can be proud of in this kind of project.
Only a few projects are there that are providing value to the community, the rest of the projects are just bad copies of the real ones and are only there to make money to the developers by capitalizing on the HYPE provided by the original projects. So, that's the reason why most of these projects become dead after over a year or so, as a matter of fact most of these aren't able to get listed on any exchange if it wouldn't have been for those decentralized exchanges where some idiots fall victim to these scams and hand over their money to the scammers.
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If they are not listed on any exchange, then how do we believe they will develop in the future, let alone talk long term, in the short term they don't have a good development strategy and team, only rely on hype to launch the project, after that they will choose luck in running a project, many frauds like this are caused by the lack of knowledge for people, so they will be cheated together in one project.