What is a SCAM?The term SCAM is used to describe a quick-profit scheme, where a person cheats another individual or group out of money by presenting them with false information during a deal or offer. In the online world, the most common scams were conducted over e-mail, SMS and sometimes even phone calls. Just as every popular industry has its Scammers, the Crypto world is no exception.
some tips for identifying scams These days, a crypto investor has to become a true detective in order to conclude whether a project that is currently undergoing ICO is legit or fake. It is extremely difficult to spot SCAMS in the online world, and sometimes we face a huge amount of losses.
1. Fake Team2. Poor quality or plagiarized WhitePaper3. Illogical token distribution structure4. No timeline for product launch in their RoadMapSee more /visit :
https://icobench.com/thebench-post/166-four-tips-to-identify-a-scam-ico