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RE: Steemit Crypto Academy Contest / S6W5 - Common Crypto Scams And How To Avoid Them

in SteemitCryptoAcademy2 years ago

As always my boss, you keep delivering excellence in your tasks, and I love reading from you.

You would agree with me that the cryptocurrency market has grown too big, which has resulted to huge numbers of malicious actors looking to take advantage of other investors
From fake investments to Ponzi schemes and phishing attacks, it’s important to stay vigilant and protect yourself from these crypto scams.

The most important part of any cryptocurrency is the proper whitepaper and roadmap. In every ICO, there is a whitepaper and if one coin has no or poor whitepaper avoid it.

You said the truth here brother, It's important to always note that every legitimate ICOs must atleast have an clear and understandable whitepaper outlining the details of the project, including the team members, mission statement, token economics, and more. If a project does not have a whitepaper, it is likely a scam.

Your tasks are very detailed and well explained, Which shows you put quality time into what you do. Thanks for sharing and goodluck in this contest.

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Thank you brother for kind words. I hope we all stay safe from such scams in present and future.

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