Once beaten twice shy , I had invested in so many project which I was scammed when I just started cryptocurrency but now I make a lot of research before investing in any new project because there is no money to waste.

It is no longer a new thing that there are many ingenuine projects that are flying around in crypto. They seem to appear so real to people because their terms and conditions are flexible. Such fake projects are out to defraud people of their funds especially the committed investors. Intensive research on project coins is very necessary so as not to be victims of great loss. We should be careful of participating in some projects especially when they look so cheap with huge profits as rewards. Also, we do not need to relent in investing in coins just because there are in genuine ones. What is expected of us is to do our profound findings very well before investing in any coin so that we won't be victims of scam.

Some projects creators just created their projects with the aim of scamming many in the industry. Before getting involved in any of them, it is very important to do your due diligence about it and study every part of it in order not give your meet to the dog

Token creation process is a very easy thing which anyone can do. It doesn't require any special training which is why fraudsters have taken advantage of the porous nature to exploit investors.