There are so many scams going on in Crypto world. Useless coins and tokens are released everyday just to scam investors. Currently we are also witnessing so many Masternode coins with crazy rate of interest. I got scammed in such a masternode recently (Brig in my case). Is there any way we could fight this menace?
Not a new thing yet scams do even exist already since the beginning of crypto market where there are people would do sort of things which can generate them easy money. How to stop? No we cant as long there are people who do have knowledge on creating a coin and setting things up to be realistic then the cycle wont stop where there would always be a victim on losing out funds and feeding those scam devs.
One thing i do believe on nearly to somehow reduce this thing is on regulating ICO.