Introduction:
It's always good to share fresh content, and it's even better to me if it's to help people avoid fake/scam projects.
Through ''Is This Coin A Scam'' you can find good data to decide if you will invest your money in the coin/token.
How does it work?
It's simple!
You will copy the name of your token/coin(you can copy/paste the contract address too) and paste it into the search bar.
The search bar will show you one well-detailed score with all the weak points of the project, and you can read in the comments section everything that has been researched for other users of the website.
Don't worry everything is simple, and well made to give you a deep understanding of the token, and how risk is investing your money into this token/coin.
You can't understand the data? Contact the Support Center
Through the Support Center, you can find the answer to all your questions, and the best thing about it is: You can send a message to the team behind this website through many social media pages, for examples: Twitter, Youtube, and other ways.
Always remember to take some screenshots if you want to solve some complex problem, to send to the Support channel.
Learn more strategies to detect a fake project with the ''About'' section:
It's very hard to define if a coin/token is a scam or not.
However in the ''About'' section, the website provides us with a few tips to understand if some project is a scam or not, and this can help us to build a big diversity of coins in our portfolio without 0 rewards.
Always remember to do your own research on the project before investing your money, but you can follow the tips below to avoid scams:
1. Don't invest all your money into one cryptocurrency/token;
2. Save time before investing your money to study the project;
3. Always remember to read the whitepaper of all the projects that you're investing in to see if the cryptocurrency has a purpose or not;
4. Talk with the team through Telegram, Linkedin, and other social media pages, and ask many questions as you wanted;
5. Copy/Paste the following text format into your Google search bar: ''Bad comments about + name of your cryptocurrency'' to review the negative comments before investing your money.
6. If the project asks for you to send your 12 seed phrase DON'T DO THAT this is another way for the person to steal your money;
7. If you want another good tool to analyze your token/coin use: Token Sniffer.
Conclusion:
Do you find this article difficult to understand? Don't worry I'm here to share my knowledge about how to detect fake/scam projects.
Remember to check the KYC of the team if they don't have the KYC the chances are against this project, and this is probably another scam.
Try to build your portfolio thinking in diversity instead of fast money, with this mindset you can avoid losing much money in your investment life.
Happy day/night for you dear reader!
