Learn not being a victim

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Avatar for Designe
3 years ago

The thing is, Scam Tokens have gained grounds. Even trying to avoid them, might and always be tricky; to spot them

Noting how they will sound and look legit, on the objectives or the roadmap.
Some might say, checking the token white paper to check whether to know if they are legit. But checking that too would not be absolutely convincing

How Can Scam Tokens Be Spotted
1•Their eagerness on wanting deposits, to gain the tokens
2•Having invalid or fake boards of directors or even illegitimate founders
3•The type and purspose of the coin
Their ICO Dynamics
4•A fake ERC-20 token address

**And also scamming must not just solely be on tokens,as even the top brands of Crypto coins are also used to steal from others. As an example Which I can give can be an anonymous personal randomly giving a call or any related and in which the person talks of having to double to invest when having to pay them as, on a contrary note, I've too kind of experience such, mainly because of eagerness and naiveness.
But experiences are what build knowledge

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