Why the increase of fake crypto project?

[raisajahan]

Crypto currency is one of the best investment platform in the world. So day by day new project is launching for that reason lots of competitor are competing. So that many project is launching for that reason many scam project are launching and so that there have no regulation in the crypto currency launching for that reason lots of scam project launching.

[Freemind]

This trend is getting worrisome. My binance smart chain wallet is inundated with scam airdrops worth thousands of dollars due to dust attacks. And some newbies are falling victim to such scam airdrops, thinking they are hitting good money, not knowing they are setting themselves up

I think there are many users who have useless tokens in their wallets. The techniques they use are increasingly advanced, but our knowledge must also advance so as not to fall into these types of traps. This forum is a knowledge base where less experienced users can learn the basics before doing some things, sadly most do not, many do not want to spend a few weeks on a type of reading that could help them a lot in the future.

[masterrex]

It's no other obvious reason but the greed for money those scammers that initiated a fake crypto project are those greedy people that want easy money at the expense of other people hard-earned money, As we observe nowadays when the Ethereum gas fees are expensive the scam crypto projects on Ethereum was reduced and because the BSC Network are getting popular nowadays it is the new haven for scammers that frequently creating a fake token/project that's why? beware everyone just check before you invest if the token/project is legitimate.   

[saprakib]

Crypto is a big platform so scamer really true to scam you. We have seen lots of scam project but the reason of become scammed we actually Don't research before investing any project.They have given us a greedy offer and we fall into the trap. We need more careful before invest on any project. Its a easy thing scammer always try to scam you and its a easy work for him so that we are notifying that a lots of scam project here and there.

[nakmantu99]

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?

I think that's normal and will be happen.
I see many BSC projects are scams beside ERC20.
We must be careful, scammers  will be there every where.

[Anonylz]

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?

I believe no one controls the market entry and exit so you would expect things like this to happen plus we know all of the crypto projects out there are for-profits and close to half the crypto projects are scams, Devs just waiting to take off with investors money after they make enough and this will continue to happen since there is no regulation par say. 

[rizqillah]

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?

I think we should do research and be careful.
I think noway to stop scam projects.
that's really difficult, because we will see scam projects every time.

[Callisto]

Indeed, a bunch of fraudulent projects appear, sometimes you can't even see them, so they cleverly disguise themselves as excellent and promising projects, it is best to communicate with the community of this project and pay attention to details.

[TOP_ETH]

Of course, in stopping a scam project by choosing the project that we will work on, it is clear where the project came from carefully then you have succeeded in stopping the scam project, hopefully we will avoid being scammed

[Jaephoenix]

In every unregulated market or state, crime lives and reigns. Its a human axiom. And there is nothing you can do about it. And crypto is no different. As long as there is little or no regulations, exit scams, rug pulls etc would be a norm. Criminals always find a away in

[KaliLinux]

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?

Basically cryptocurrency projects are out to make profits and since people have seen the way Investors get into the space and have even made profits from projects that don't have anything to offer per se, it is no surprise that more people will get into the space too to create projects just to make money from investors and this will continue IMHO unless the investors cease to invest in projects without anything to offer aside trade.

[gurunanakji777]

Yes, as the market grows such fake Airdrops and scam projects will also increase and we should identify such projects at the start so that can not be scammed even I already left filling Airdrops because I am always doubtful to click the link from the unknown sources so I avoid clicking links from the unknown sources. I joined only bounty-running Airdrops. We can not do anything to stop such projects because some dev intentionally introduce their projects to scam the people and on the other hand some failed to meet even the soft cap.

[bayiajaib]

Yes, as the market grows such fake Airdrops and scam projects will also increase and we should identify such projects at the start so that can not be scammed even I already left filling Airdrops because I am always doubtful to click the link from the unknown sources so I avoid clicking links from the unknown sources. I joined only bounty-running Airdrops. We can not do anything to stop such projects because some dev intentionally introduce their projects to scam the people and on the other hand some failed to meet even the soft cap.

I think It's not big problem ,if we saw there are many scam projects.
I think we always see there are many scams projects at crypto currency. Be careful.

[Manna]

Immediately faced with many incomprehensible things, people are lost. And when a person is at a loss, it is very easy to mislead him. And scammers use this with success. And now a lot of people have come to cryptography. Accordingly, scammers have become much more active.

[Btclover]

they are going to launch their own gaming site soon and the alpha gaming testnet may launched already . So after they successfully launch their gaming platform, the coin will surely raise up to 100 dollars plus .