This warning becomes necessary especially for newbies from Nigeria, and other African countries, because say I know most na newbies in cryptocurrency Industry go easily dey carried away to promote anything on their social media and others' personal profiles like WhatsApp or even creating promotional group to market those scam projects.
Be guided that once the project becomes an exit scam, you will be picked as the coperator of the scam, not knowing that you were just paid $100 or even less in some cases to promote them on your centralized social media.
As a newbie looking for a pathway way in the Cryptocurrency Industry and in this forum make sure to avoid bounties campaigns for local crypto investment projects mostly off the forum, e.g Cbex promoters most of the investment or trading bot any projects that promises high return is mostly scam be careful avoid Greed nothing like get rich quick no fast money any where.
To be honest there are lots of rug pull project out there and the most annoying part is there is no legal policy against these kinds of project so in essence I'm saying these are legitimate scams. Just like the project one of our top musicians popularly known as Davido launched, it was a rug pull project and a lot of persons lost their money in that project thinking it was a good project since it came from a reputable person. Including that of Trump's wife and other reputable people, so no one would hold any advertisers responsible for promoting a scam project he was paid to do it, and one of the reasons is to get his community to fall, though his pay may be small but it's all part of the game from the project owner. Though I recommend your advice to newbies to be careful not to get alot of their community involved in scams like that, but even if it happens they free as a bird.