The main signs of a scam-project
Catch information that will help you distinguish worthwhile projects from those on which you are 100% likely to lose money📊
◾️Project team throws around promises they can’t deliver. For example, promises guaranteed earnings that cannot be accurately predicted.
◾️The project team is anonymous. When implementing a quality project, there is no point in hiding the team. Even the opposite, a strong team is one of the factors of success of the project, which is evaluated by investors.
◾️The project has no technical documentation or working product. Even the most revolutionary idea without proper documentation of its technical solution is nothing.
◾️An announcement of a super large-scale project with a small team. It’s hardly worth trusting a project if there are a few people on the team and they want to become the new Google or Apple without any product.
◾️Roadmap, painted out for several years ahead. The crypto market is very dynamic, with the likelihood that several peers will have already been released in that time.
◾️Large share of the team in the allocation of tokens. Often a team wants to get 30-40% of the tokens, and loudly proclaims the high decentralization of the project. This looks very questionable.
◾️Low token price. Some may see this as a great potential for growth, but attention should be paid to capitalization.
◾️Weak marketing. Even the coolest product can fail if nobody knows about it. The absence of the project in any social networks is already a very alarming sign.
◾️It is not clear what the project does. If you’ve studied the information about the project, but still don’t understand it, you shouldn’t carry money there.
◾️Project hides information about competitors. A good project should not be afraid of competitors. If they are not mentioned in the documentation, that is a reason to think twice.
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