Post
Topic
Board Altcoin Discussion
Re: How to avoid a scam project?
by
Bazzu
on 18/12/2023, 22:47:14 UTC
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
A bad project will usually look like it was rushed. They immediately create a roadmap and whitepaper quickly but they always fail to achieve it according to the roadmap that has been created. Their telegram channel is filled with bots. a lot of unorganic chatter in groups and such. But there are also projects that look real and really have potential. But then once they are known enough then the team goes and withdraws the token liquidity. Well it happens a lot so be careful. The most important thing is that we have to look at everything realistically. Don't be tempted by projects that offer 1000x from the start because we know they are just bragging. Because it was an original project, they immediately made a massive increase without having to say it many times to the community. Serious projects also have a clear vision and mission. But I personally am sometimes still confused about this. But at least we can minimize it. And only enter projects that really have a clear vision and mission. and usually not a vision and mission that imitates another project.