Too many project SCAMS - PLEASE CAREFUL

[Twinkledoe]

For example:
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens

These 2 are common already. They are already doing this for a long time.
These scammers are just doing the same thing over and over again and unfortunately, there are many investors who are still falling to this traps.

Now with regards to airdrops, I've participated some airdrops in the past but I didn't ever tried to deposit a certain amount of ETH (still using ETH to transfer at that time) just to get shitcoins. Luckily that I didn't invest into any airdrop since most of them come out useless or shitcoin.

Airdrops before were really different. They will just give you free money. However, you should discard them fast because they lose their value fast. Nowadays, you will rarely encounter a valuable airdrop. Sometimes you need to spend your effort for nothing. Not really participating anymore with airdrop as it becomes useless these days. But lucky for users who are actively trading in some exchanges, like TWT airdrop in Binance exchange or the 1inch.exchange, if you happen to trade with them for specific periods eligible for their airdrop. Now, that's real money out there.

[Shallow]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Well said and I wish many people will take heed and do things differently henceforth. But the fact is, scammers and scam projects will keep coming up therefore it is left to us to leverage every form of investment security measures to ensure we don't Invest in scam projects. Also, many projects will be created promising unrealistic returns, in this case it is left to us to control our greed and overlook them, in the same way, airdrops will still keep happening and as usual, scammers will always use it to get what they want, hence in this case let's learn to point out those who are out to scam us such as asking for fees and/or private details.
Lastly, let's make good investment choices, coins like Bitcoin is the best all the time.

[BlackRexuz]

Is the campaign manager to blame for this, who neglects to deliver even penny projects and is not careful to give it to everyone, at least all the campaign managers use escrow so that the projects that arrive can be trusted to run real projects, not present fraudulent projects, maybe that a good solution going forward ...

[raidarksword]

Scammers are inevitable, they come from all faces that's why it's pretty hard to get rid of these type of people in the internet. I hope people that got scammed last year will be a big learning process to them, they're just victims and sympathize them of all their losses. Nonetheless, we should be more vigilant of all these schemes that are too good to be true and with that we can deny scammers little by little. 

[arabianhorse]

There are many scam projects coming up under the name Defi. Before launching any project, the level of Defi is set and many investors are scammed. And it is a matter of wondering how long the defi project will last. The ico concept came in 2017 and some projects have made good profits and most projects have been scammed. So you should know well before investing in any coin.

[Fredomago]

I think you need to be careful not only about investments but in general about everything related to cryptocurrency.

You should always guard yourself once you enter this venue of investment, it will risk not only your money but also your time following any project that you think that worthy of following and investing in.

Especially on the crypto markets, a lot of newcomers and just mountains of scam and phishing divorced,

There are many scammers and hackers you have to anticipate and plan ahead before engaging to whatever plans you have.

people come in the hope of finding new ways to earn money, and the scammers are already there.

Scammers are waiting and if you don't secure yourself then you'll be victimized quickly.

[milewilda]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

Just to add up. Skip projects that do have;

-Anonymous devs
-Non realistic goals
-Flowery words and making assurances.

When it comes to scams then its already a usual stuff into this market.You should at least used your common sense to make yourself
to be safe out of these frauds specially theyve been flooding out into t he market.

[MCobian]

Since 2018, an increasing number of project scams have continued to appear until now. We really have to be careful in choosing projects,
I myself have been very selective in choosing projects to follow. Still several times following a scam project, because scammers are getting
smarter nowadays, making fake projects really look like real projects. So in-depth research must be done to really avoid project scams.

[Lordhermes]

These scam project comes more in every bull run season, back in 2017 there were numerous number of scam project promising high return on investment to newbies which they got them a lot, scam alot of them of their funds. This incidence is been done on telegram to be performing.
- Fake escrow service
- Promising them signals.
- Trading with high ROI

This is another period of staying vigilant never to be a victim of any of these fake projects, you can perform these to avoid those scammers.
- Don't respond to pm from Admin, pm Admin first.
- Never follow project with high ROI
- Perform diligent research before investing.
- Run a plagiarism check on their whitepaper and other articles.
- Thorough investigation on the project teams.

[pandanaran]

In this industry, of course, there are various types of fraud and we all of course have to always be careful and also don't be easily attracted by lucrative offers. but I really don't like the last point you mentioned, about airdrops which require participants to send fees to claim Airdrop tokens. Most of these airdrops are scams.

[devollito]

Yes i agree, too many project scam especially so called DeFi project with its yield farming, please becarefull with your hard earn money and only put the money you can afford to lose. Even if you want to put to the legit project like MYID and XSL ( in my opinion bothbproject pegit, because the people behind the project dare to be known or not anonym entity )

[marilynmanson21]

I think you need to be careful not only about investments but in general about everything related to cryptocurrency. Especially on the crypto markets, a lot of newcomers and just mountains of scam and phishing divorced, people come in the hope of finding new ways to earn money, and the scammers are already there.

I think this is not only for cryptocurrency, all types of investment require caution, even if there are no scammers, investors are required to be careful when investing, that's why in investing an investor is required to do research first.
But indeed, investing in cryptocurrency carries a very big risk when compared to other places, especially the risk of investing in a scam project, but for beginners it's better to invest in major coins to avoid scam projects.

[Yurkov]

The same thing happened in 2017. Whenever fresh money appears on the market, scammers also get active. The same is happening on every financial market, not just the cryptocurrency market. Always be careful, especially when something looks too nice to be true.

[plr]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.
Thank you so much.

After what happened in 2017 and there after  I'm pretty sure many investors have learned their lesson especially old investors, they now know what to look on a project, it's potential so far many new projects are caught trying to scam investors they are expose, the community is now good in hunting these bad actors.

[TastyChillySauce00]

The same thing happened in 2017. Whenever fresh money appears on the market, scammers also get active. The same is happening on every financial market, not just the cryptocurrency market. Always be careful, especially when something looks too nice to be true.

Even when the market was on the bearish trend and the scammer will be also very active to create more and more scam project. It's sad to see that there are still some people who called cryptofull with scammers while they didn't see the reality that happened with another financial instrument.
Scammers are everywhere and Im always seeing people got scammed through various ways every day.

[fullhdpixel]

By the end of 2020, along with the strong growth of Bitcoin, some people used the trust of many to scam.
For example:
- Create virtual projects,
- Create virtual tokens,
- Create an investment website for the purpose of calling for investment,
- Create an airdrop that calls for people to deposit fees to pay tokens
- ....
Everyone should be careful when participating in projects like that.

It’s not a new thing but it’s good for us to always talk about it so that we can remind ourselves to be cautious with what we are doing, because if we are not, that’s when we fall for their traps. And another thing is to let newbies be aware of what they are into and be very careful as to not lose their money in the hands of scammers that promises good deals which turns out to be fake at last.

Why I am saying this is because some people will always things like we already know about it or that the op should stop repeating topics that has already been posted, nah there is nothing wrong with this post, it is very important to always have a reminder.

[Baihaki Khaizan]

fraudsters are indeed very difficult to eradicate, especially in the present moment, so for that, let's monitor it together and immediately send information to the public about crimes that can harm us.  stay alert and always be smart in viewing offers.

[itovault]

What about all the Uniswap clones coming out?  Are those essentially scams?  There's a ponzi-scheme like element where they're not doing anything new, and then just launch a governance token.

[ameliana]

yes, it is true that fraud is always around us and scammers have thousands of ways to deceive their victims. but you seem to have forgotten to mention Defi. Nowadays Defi trend has become a new alternative to Scam action and you / anyone should be careful and alert before taking part in it.

[Dessy88]

Yes this is surely a good thinking because there are many scam project coming everyday so we need be careful before investment those project. A clear scam project going to listed quickly an a exchange like uniswap after some days later there going to scam from investors. So properly our believe very less in new project.