As cryptocurrency continues to gain popularity, more and more people are investing in various crypto projects. Unfortunately, with this rise in interest comes an increase in scams.
Here are signs that a crypto project may be a scam:
There are even more red flags than that, like fake profiles, lying about their experience on this market, an unlimited amount of coins being created, the developers keeping the majority of the coins for themselves, a plagiarized white paper or website and banning dissenting voices on telegram or any other social media app, and this list does not even scratch the surface of all the tricks scammers use.
Which makes me question why people want to invest in a project like that to begin with.