The solution is just there

[QueenVera]

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

They are just a tracking website so I do not think KYC is needed. Them listing a token does not mean the token is legit. They are not exchange that should do more research before listing a project. You are supposed to use Coinmarketcap to just monitor coins and not as investment guide. Many people make the mistakes of thinking, if it is on Coinmarketcap it is worth investing in.

Be more concerned about exchange listing project then Coinmarketcap cap. Before investing in any project do your own research. Nobody is responsible for your safety, that is something to do yourself to be able to secure profits.

[1714288931]

1714288931

[1714288931]

1714288931

[1714288931]

1714288931

[lombok]

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

Do you think that coinmarketcap and coingecko will take the trouble contacting the teams and verifying their details? They are more interested in listing any project which fulfills their criteria as the main purpose of these sites is to earn money and they least care about anyone being scammed by the projects listed on their sites.

lol. okay enough with my laugh.

Not completely wrong man, coinmarketcap and coingecko only do listings for their own profit without caring about scam projects like you said. Because many crypto projects are scams even though they are listed on coinmarketcap and coingecko.

But are we not aware that the more time the 2 sites always improve their services? what they have done so far is also solely to help players who want to enter crypto to avoid scams.

It is indeed difficult to fight scammers, because they will always improvise and continue to develop to be able to deceive new players.

[perfect999]

They are just a tracking website so I do not think KYC is needed. Them listing a token does not mean the token is legit. They are not exchange that should do more research before listing a project. You are supposed to use Coinmarketcap to just monitor coins and not as investment guide. Many people make the mistakes of thinking, if it is on Coinmarketcap it is worth investing in.

Be more concerned about exchange listing project then Coinmarketcap cap. Before investing in any project do your own research. Nobody is responsible for your safety, that is something to do yourself to be able to secure profits.

It is on the people's mentality already that when they hear coinmarketcap or coingecko they automatically thinks that the project is safe and legit. Not just the people that invests but the project owners pushes this too. When I am on a new project's group the admin will make a countdown that their project is going to cmc or gecko and then people will go wild.

Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.

[QueenVera]

Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.

That is true, I also noticed it on some telegram group. They celebrate their listing on coinmarketcap and other tracking sites and it got be wondering if they really know what those sites do. But I understand those listing give them more exposure. Cryptocurrency project are built around hype. Even if you have the best project, you have to create some hype around it so more and more people get to know about the project and invest in them.
These projects uses this news of new listing to create hype and newbies fall for it every time. They have to understand that those are just hyping ongoing and nothing too special to celebrate because any project with the right qualification can get listed.

[TastyChillySauce00]

If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.

[Baofeng]

If coinmarketcap and coingecko can just start asking for team verification before listing a new project on their platforms I believe many will be safe from scammers, yes it's not their right to do since those platforms are just for listing available crypto projects but I heard they ask for criteria isn't it? They know how bad the numbers of scammers are growing, I think it's doable

They are just services to list the price of crypto assets, they don't have the duty per se to verify everything. It's our job as investors to do our due diligence and see what is right, it's our money anyways.

Scammers are everywhere, not just in crypto world. That's why we need to be very careful of the people we talk to specially in the market we live in because we are all (pseudo) anonymous.

[doomloop]

If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.
also cmc should reduce the listings of these new projects because so many of them are actually just shitcoins and made for scamming.

Well, it is not an easy task to find out every coin, plus considering these days crypto is becoming more centralized and people want "doxxing or kyc of the team members" for some reason like the greatest crypto doesn't even have a satoshi nicknamed guy at the creation...

It is really not easy because most of the projects are scams, the ones that you see that does well are like one in a thousand, there are so many coins that you do not hear about because there are thousands, we are talking about like at least once a day every single day, probably more frequently, I guess on average like 2-3 per day. This is how many coins are out there. CMC could only list the ones that trade well and look at that part.

[LUCKMCFLY]

Project owners know that this makes people arouse so they also use this strategy to gain attraction but coinmarketcap and coingecko have their disclaimers that not all projects posted by them are legit. I am a long time user of both sites and I witness the rise and the fall of the projects listed by them.

That is true, I also noticed it on some telegram group. They celebrate their listing on coinmarketcap and other tracking sites and it got be wondering if they really know what those sites do. But I understand those listing give them more exposure. Cryptocurrency project are built around hype. Even if you have the best project, you have to create some hype around it so more and more people get to know about the project and invest in them.
These projects uses this news of new listing to create hype and newbies fall for it every time. They have to understand that those are just hyping ongoing and nothing too special to celebrate because any project with the right qualification can get listed.

For me before, the fact that a project was listed in CMC or coingecko meant having more security, but judging by everything that has happened, everything is a business model, money is simply capable of doing many things, and obviously for It is no longer reliable for me that a project is listed on CMC, for me the criteria have changed and I think that the safest thing is for a project to be listed on an Exchange like Binance, because Binance gives more security and at least if it is not , it is likely that this project will become a possible pump and dump, but for now those criteria have changed for me to that trust lies in a safe exchange.

[FanEagle]

If the team behind coinmarketcap could always review the altcoins that they gonna list it’s gonna be great, I figured out that coinmarketcap frequently listing some shitcoins just because they exists and this could cause lose of investment by many newbies in investing.
I think coinmarketcap is also a company owned by binance, if they could make some review just like exactly binance is doing with the projects that they gonna be carrying out, it could significantly reduce the amount of investment loss because of scams projects.
I really wish that they could make this filtering of scams projects comes true because it could literally save many lives and money.

First of all you have to know that this is not their duty, they have one duty which is just to list all the coins that are available in the market, and not to go round checking whether they are scam or not. These people list a lot of coins in a week, and I don’t think they will have that kind of time to start checking which project is a legit one or the ones that are owned by scammers.

Furthermore, when you want to trade these coins, where you usually go to is exchanges like binance.com, and coinbase.com, or any other exchange in the market, and you don’t go to coinmarketcap.com or coingecko.com to sell these coins.

Maybe if you have said that exchanges should start doing this particular thing, then I would say you are right. Because exchanges, especially the centralized exchanges should be the ones checking whether a project is legit or not, this is not something that should be meant for Coinmarketcap to do.

[darewaller]

The duty of coinmarketcap.com, and coingecko.com is just to make sure that they are listing as much coins as possible in the market. It is not their job to identify whether a crypto currency project is a scam or not, that is something that is left for us as the investors and users to know whether we are investing in the right coin or not.

So, you shouldn’t expect them to do this for you, rather you should be careful yourself and know what to avoid when looking for a project to invest in. Moreover, there are already lots of popular cryptocurrencies in the market that you as an investor can choose to invest in without having to look for all those little coins that’s owned by scammers.