Quote from: FireDAO CY on April 26, 2023, 07:55:32 AM

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.

The best way to avoid scam project is to avoid new project believing that it will it will bring quick profit. Many people thinks the best way to make money in cryptocurrency is to invest in new projects , but new projects is just the easiest way to fall into scam projects. Their gains in investing in top cryptocurrency, these cryptocurrencies are very reliable to invest. Investing in new projects is very risky which their is a high possibility to lose money.