Why the increase of fake crypto project?

[Paglamon]

There are always some fake projects in the market. However, not all new projects are fake. At present, with the increase in the popularity of new cryptocurrencies, a good situation has been created in the market. The popularity of new projects is constantly increasing. But one should be careful before investing in new projects. Most of the new projects are now much more successful flowers.

[Arendra]

Fake projects in crypto are increasing because crypto is starting to be considered a good thing, so that more people are interested in joining, and more and more people are taking advantage of the situation to fake projects.

[Sammy9ce]

The rate of fake coins increases on a daily basis, scammers creates some coins that will just stay for a month and depreciate after much people have bought that certain coin. This days I stay far from airdrops the only way to be safe is to stop jumping into newly coins you're not sure is legit.

[Black ID]

I think this is happening because more and more people want to knock each other out in crypto. because indeed there are more and more crypto users. So that this is seen as an opportunity by irresponsible parties by making fake projects.

[Master107]

I think this is happening because more and more people want to knock each other out in crypto. because indeed there are more and more crypto users. So that this is seen as an opportunity by irresponsible parties by making fake projects.

You must change your thinking mate towards your fellows in crypto place. We are not knocking each other out in crypto. We are working in crytpo alone, it means everyone is responsible to what he/she is doing. Crypto specially scam  knocking the impatience and the weak ones. Be strong and always be cautious of what you are dealing with.

[zilzylian]

The rate of fake coins increases on a daily basis, scammers creates some coins that will just stay for a month and depreciate after much people have bought that certain coin. This days I stay far from airdrops the only way to be safe is to stop jumping into newly coins you're not sure is legit.

Do you have a list of these fake coins, I think it is impossible for fake coins to be made every day, in 2017 when a lot of fake ICOs were very worrying, but at the moment, some of the new tokens have a good exchange and many developers are giving their ideas in. DeFi to benefit from the farming and staking systems they offer

[Gyrgen]

Well, why not, you can. Only many will not like this. The state is trying to do this by applying regulatory mechanisms, and in the future, criminal punishment for fraud. Only this is difficult and difficult, and that is why I think the growth of scam projects will continue.

[@chison]

It is always a common thing when the market is busy for scammers to sneak in trying defraud genuine investors. It is always good to be careful at the point not to fall into scammers hand.

[Ghozrd]

There will be a lot of scams and we can't do anything because there are no regulations governing this in the crypto space, as long as there are open blockchains like ethereum, binance, and other open blockchains, there will always be new projects, whether they are scam projects or real projects. really have a product to put to good use

[robert20]

Most of the projects that are launched since 2021 are fake or scam. As crypto is spreading more and more people coming to invest in crypto. But many of them doesn't have any prior knowledge of investment in crypto. These projects are targetting them to steal their money.

[mohdelayo]

Scams are predominant in the cryptospace, thus they will always tend to exists. Maybe it will reduce as a result of people getting wiser and investing with due diligence but scam projects will always be springing up in the cryptospace.

[sidik7]

maybe when we come across the project be more careful and analyze when you want to invest pay attention to the team and the roadmap if we find some unclear points , its better not to invest .

[Stuart]

Not being a part of such project is the best and sure way of avoiding scam projects/campaigns. There will definitely be scam projects out there to make money from people, and where it makes me so upset is the investors, who made huge investment and they end up losing everything.

[charanpreet singh]

Certainly, don't take an interest is the answer for quit turning out to be trick casualty. It will be difficult to recognize trick project except if it is self-evident.

Some undertaking needs to succeed but since of market instability and low trust from local area. The undertaking transform into trick.

Mindfulness and be cautious about the thing everybody's doing is acceptable shield however.

[Bit]

I still believe the reason there are so many fake projects is that they also know that this business is very promising and they will commonly get big products. There free they always serve very promising projects, but in fact, that is a scam. Many more examples to e done  the