My friend informed me that at this time many upcoming project social account like twitter, telegram is verified.
Does that mean these projects can be trusted?
In fact many are encouraged to invest in any new project following this.
What is your opinion on this matter?
No. It just means they can afford it. And I don't think a project that can't even afford a 100 dollar and a decent design for their website could deliver anything.
It's a bias but it works. It doesn't mean that every projects with a tick are legit, but it's considered a plus thing by the general investors.
When it comes to investing, the investors need to do a thorough research and analysis and set their strategy.
So, get the tick if you wants to portray as a serious project.