Re: Be careful Many New Tokens on Coinmarketcap are

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
I Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

I think even if they just pay them to list there will be a fine for CMC, nothing comes that legit if they are listed on CMC, it's not a guarantee. For anyone to know how to check the legitimacy of a project has a lot of factors to consider, and just because they aren't/yet listed on the site doesn't mean both ways. Keep that in mind. I don't know if it's still Binance that doing the operation for CMC.

This is a common mistake of most investors. They think that the coins listed on CMC are legit. It will still be better to double check the potential of a coin because being listed on CMC isn't a reliable reason to check the legitimacy of a coin. There are other ways to check their legitimacy if we will only do deeper research because if we will just rely on coins being listed, we might only fall for scammers' trap.

Most of them are newbies, of course but even those who have been long in the industry can still misinterpret it. There are too many factors to check if they are legit but of course even those who have been checked thoroughly, has good team members, etc. could end up being scam if they are hideous on their motives just like how Luna end up in this industry.