Please what is the aimed of those people doing fake crypto currency?
Very obvious, to make the devs of it rich and that's through all of your money including other investors. Do not invest in projects that are obviously not going to do good with your money. They're only there to make everyone entice that they're working for something but it all comes out that all of those are just part of their marketing. And sadly, many of you guys have fallen to their marketing which have been effective on their side.
They are scamming people and since they already have knowledge on how to do this, you can expect that they will come back here with the same fake project to scam the investors again. We can only stop this if there’s already regulations where developers have to register themselves and make then liable if the projects turns out to be a scam. Stay away from a shitty projects who are just using the hy