Why Are There Many Projects Like This?

[aji567]

now many projects that contain fraud like you share, they only make fake whitepapers, fake roadmaps and fake teams. they only seek their own benefit and also don't think of ideas that will bring important information. they only use attractive appearance so that investors are captivated.

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[nonbody]

This is a hype and a Ponzi coin, there's not much news about this scam coin after the downfall of Bitconnectcoin, they prefer to keep quiet because they are going to be the next target of the authorities, because of they have the same feature and plan

I met a lot of crowdfunding projects that didn't reach the soft top. After the crowdfunding, the team members disappeared. The Twitter and telegraph groups have not been answered and updated for a long time.

[@baoli]

In as much as so many of them are scammers, there are still genuine project that needs to break the monopoly of others or come up with and enhance idea to am existing project. This can make projects competitive. Just be careful if you are joining any to avoid being scammered

[Msworld83]

The crypto world is open to all as any one can create their own token or coin will which gives many scammer chance to vent in to the market to get rid of investors who are not careful enough to know which one to invest in before they do and their lot of them that are very OK to deal with but may be because of the market situation they find it difficult to excel as the dump continue which also show how strong the token is or supported by the community.

[Bitbtc8]

Scammers are gonna scam anyway ,projects that looks awful as that are just low detailed scam projects and yet newbies are going to fall victims ,newbies are in rush to make money and they go anyway they see fit which isnt the right move ,I hope newbies will learn the easy way by listening to advice on here and not learn the hard way by losing money

[iyah adrian]

Scammers are gonna scam anyway ,projects that looks awful as that are just low detailed scam projects and yet newbies are going to fall victims ,newbies are in rush to make money and they go anyway they see fit which isnt the right move ,I hope newbies will learn the easy way by listening to advice on here and not learn the hard way by losing money

Maybe these beginner investors are tempted by big profits and big bonuses. Therefore, it is very quick to make decisions when you want to invest. But the project they invested in was a scam. A good suggestion is for beginners, they have to learn a lot from before or find information related to how to invest properly.

[crzybilly]

Because a high level of hype is enough to get a lot of funds at the moment. People still do not understand that only projects with a real product are worth investing in it and 70 percent of ICOs with only an idea are likely to fail.

[Fuhre]

Sounds funny if we understand that it is fraud, but it sounds sweet and convincing if we are still beginners and inexperienced. if you ask why, then the answer is because the hype can motivate people who want to immediately get big profit with a short time. so the key is don't be easy to believe, learn as much as possible

[Skroojee]

Such projects exist because people are interested in them, and there is interest because of a sense of greed. I do not believe in such projects, it is better not to invest in ICO at all.

[xiboothrezi]

Scammers are gonna scam anyway ,projects that looks awful as that are just low detailed scam projects and yet newbies are going to fall victims ,newbies are in rush to make money and they go anyway they see fit which isnt the right move ,I hope newbies will learn the easy way by listening to advice on here and not learn the hard way by losing money

Well, beginners tend to be attracted to the lure without understanding the risks and thinking about their long-term effects. That is why enough knowledge is needed if you want to benefit from the cryptocurrency world. If you don't understand the ecosystem, it will be easily fooled and will lose. Fraudsters take advantage of the popularity of cryptocurrency and the innocence of beginners to commit fraud.

[mrdeposit]

This is a hype and a Ponzi coin, there's not much news about this scam coin after the downfall of Bitconnectcoin, they prefer to keep quiet because they are going to be the next target of the authorities, because of they have the same feature and plan

I met a lot of crowdfunding projects that didn't reach the soft top. After the crowdfunding, the team members disappeared. The Twitter and telegraph groups have not been answered and updated for a long time.

Scamming is also possible after ICO product is listed. So we should investigate the project in order not to betrayed. Recently, false information is also shared about sold coins. It is difficult to find them, but STO can be ideal for this.

[Emmy92]

There are indeed many projects like this, no use case nothing just hype and many end up not getting listed. Thats why nowadays i prefer projects with working products and hardworking team, no hype nothing, just hardwork.

[Cyptobonds1]

Should I just say that there is nothing wrong in hyping once project, because that's literally what every project usually does. But the majority problem here is that most of these projects are just all about write up and there's no physical activity or technical.

[roadwell890]

Should I just say that there is nothing wrong in hyping once project, because that's literally what every project usually does. But the majority problem here is that most of these projects are just all about write up and there's no physical activity or technical.

so many projects that we must be careful in following them because not all projects are good and can work well.
many of them want results so they launch projects and eventually cheat, if the project is not good or the project is fraudulent.
be aware of yourself to be more careful in making choices.

[CleverOracle]

Scammers will do anything to trick investors specially the newcomers in crypto space, this is why people should be more vigilant and always do their own research before putting money on any projects.

[entebah]

Scammers will do anything to trick investors specially the newcomers in crypto space, this is why people should be more vigilant and always do their own research before putting money on any projects.

Yes, because in the Crypto world this is very prone to fraud, so we have to be more careful in making purchases, the more projects that cheat at this time.

[ricardobs]

I've been going through some of the latest ICOs and found too much hype but little substance. The worst are those like this and I wonder why there are people in the community doing this...https://cryptoinfowatch.com/the-new-billion-coin-who-wants-to-be-a-billionaire/

Well there are still those who believe that they can profit from people's ignorance. However , the industry is becoming matured and its getting harder to get investments with little substance or unrealistic profits.

In my opinion, there are ICOs which aim at money making. They make things look very nice by talking about the returns that could be made by investing in the ICO and many people go for it and invest in these ICO which ultimately results in loss and nothing else.

I believe that we have so many people who want to invest but only in the best project. Not all here are in for the money. Many among them are in for something big than money. People are wise today and this is the reason ICOs are poor.

[D3m1r4wanti]

all of that because of the need for finance, they want large amounts of money with fast time. with many good projects that can collect thousands and even millions of dollars in a fast time, these fraudsters carry out their bad mission to deceive investors by making a fake project