With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.
I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?
giving a bonus of 5x greater than the investment fund at the time of the presale made me suspect that it would end up being a scam. even before the project started, the developer had planned for the project to crash. That's not to mention the sales after that, however, we can guess that a project like this could end up being scammed, abandoned, or at least the price is way too cheap and it makes investors lose even when they first list.
However, people in this group have always advised not to be tempted by huge bonuses. especially if the information about the team or roadmap given by the project is not clear. it is like investing in something that is really very uncertain without any preparation. So, before investing make sure that you have done in-depth research on it.