Post
Topic
Board Altcoin Discussion
Re: How to avoid a scam project?
by
ammo121810
on 01/07/2023, 12:38:22 UTC
To be able to avoid a scam project we need to research the project and its team thoroughly. Research for the information about the project's goals, team members and also the track records. Check as well for the red flags such as promises of high returns with a little effort, lack of transparency or pressure to invest quickly. Look for independent reviews and feedback from other investors. Be aware of unsolicited offers from people claiming to be from the project team. Consider the projects legal status and whether it is registered with relevant regulatory body. Also do not invest more than you can afford to lose. By following those tips you can be able to avoid scam projects.