Why the increase of fake crypto project?

[Willitivity1]

What can we say is the main reason behind the sudden increase in fake and scam cryptocurrency project I don't know you have been encountered so many airdrop channels were alot of crypto airdrop are been listed and they are succeeding on daily basis and nothing has been done about it, the more the crypto market is growing the more fake and scam coins are growing,is it that nothing can be done to stop scam coins?

The reason why you see so many fake airdrops or fake crypto projects everywhere is because scammers need money, and they can't get it without creating all those scam projects in order to extort money from investors who eventually invest in their scam projects, and there's no way we can stop this from happening, there will always be scam projects, that's why it's important to DYOR before investing.

You've said it all, there will always be scam projects since scammers always need money, it's never going to stop and the worst part is this scammers keep evolving, last year during DeFi hype they created alot of scam DeFi projects and ran away with investors money, there's no way we can stop this now, scammers are here to stay sadly.

[Jaguar]

Unfortunately, it is, the more cryptocurrency becomes more popular, the more scam cryptocurrency projects appear and nothing can be done about it, of course there are some organizations that are trying to fight with scam cryptocurrency projects, but unfortunately there are very few such organizations and they do not have time to check every cryptocurrency project.

They do not have enough time or they cannot handle the huge projects floating and coming in cryptocurrency place. Even some project looks interesting and legit, the ending will define how potential the token is. The more cryptocurrency the more we must cautious.

[damsix]

Where there is a crowd there must be money.
Cryptocurrency is now booming and crowded, so it means that there are definitely lots of fake projects that will emerge.
To put it simply, maybe scammers like Hackers and Scammers will continue to exist until cryptocurrency ends or they will even continue to look for that money in cunning ways in various media.

[tervel]

 I think the investor shoulders the responsibility to not get scammed out of their hard-earned money. Non-existent teams, extravagant profit projections, and unclear business models should be closely scrutinized before making any investment.

[indexx]

Things like this happen because crypto is starting to be valued as potential. Then many will glance at it, so many make traps to make a profit.

[TOP_ETH]

in my opinion it can be stopped if the user is no longer there or there are no enthusiasts if there are still many enthusiasts it might be difficult to stop maybe people's opinions differ but that is in my personal opinion

[Fakhrulenclix]

We all know that every project launches its project for one purpose that for profits. So if they already take profits now it's time to shutdown or continues.. This is hard to know which will the team of project choose.

[Bony11]

Every project comes on the market they are just for profit.  But whether a project will be a scam or not depends on the team in that project.  All our investors should refrain from such scam projects.  However, there is no way to understand such scam projects in advance.  That these will not be good will be a scam.

[iloveyobit]

that thing started two years ago when the big bull market happened and many altcoins rose up massively so scam project start showing and the only reason for that is to steal people's money, I don't advise anyone to invest in a project or a currency without doing deep research about it.

[ALTdetectoR]

Nothing will stop a scam project. Because as long as I know crypto from 2014, no one has been able to filter out good projects or projects that are scam.

Talking about airdrops, from last year there were indeed many scam airdrops. Except for the bounty.

If we talk about bounties, I see a different year from 2018. Because not too many new bounty projects emerged when bitcoin went up very high in price, but they still paid and weren't a scam.
Unlike 2018 when bitcoin rose to $ 20k many new bounty projects emerged but 99% scam

I thought, if you don't want to do futile work, then don't go in the airdrop. Better to work on the bounty

[viki]

There are a lot of  scam  projects now, but there will be even more of them, because people have a huge demand for cryptocurrencies.   It is very difficult to distinguish a  scam project and people lose their money.

[sampoerna]

Fake projects or even scammers will never end. This is like the bad thing and good thing in this world will be always here. We can stop everybody in the world to do all good things. They may also do scamming and we do not know who they are. However, we can try to minimize being scammed by doing more research and not FOMO

[vegasus]

There will be always fake crypto projects, we must be more careful when we want to join a crypto project. I think each of us already knows the signs of fake crypto projects. Just don't join if there is something wrong with the project.

[alltalk]

Actually, scammers in the crypto world are like the scammers in the real world. they are always flowing and existing to get profits from the greedy people, careless people, and also from anyone that is trapped with scam projects.
Actually, we cannot stop the scam. They are always here with their new ways of scamming or even the old. However, what makes us sad is there are many newcomers in the crypto world that are trapped with the same scheme of scam. Just be careful beaus they are still around us.

[Quart]

I think that because there are still chances for scammers to do that. many greedy people are always attracted in big profits without analysing whether the projects are legit or not. They may be also trapped in high profits to offer but they are scammers