Web3 allows anyone to launch a cryptocurrency project and sell their own tokens.
If the project's creators themselves don't want to prove their trustworthiness to users, no one can force them to check any documents, get regulatory approval, or comply with certain business standards.
That's why it's critical for investors to understand the various fraud and scam schemes in the Web3 industry.
Cryptocurrency shilling, Rug Pull, Pump & Dump, fictitious start-ups, hype projects - the list of possible options for cheating in the cryptosphere can go on and on.
How to tell a scam project from a reliable one?
IT specialists from GMT note that the following signs are characteristic of crypto scammers: The promise of super profits;
Time-limited offers;
A minimum amount of documentation provided in the public domain;
Lack of information about the project on verified resources;
The organizers don't disclose how the funds invested in the project will be used and don't explain exactly how customer income is generated.
If you notice at least one of these signs, we advise you to first learn more about the project before investing in it.
We, in turn, remind you that information about GMT and KYC certificate can be found on the website www.coinscope.co. See verification confirmation here.
Our project also has a security audit by CertiK, meaning we've been approved as a safe blockchain project.
You can also find all information about the company's activities on our website and third-party platforms, such as CoinMarketCap and CoinGecko.
Transparency and security are the twin foundations of our project.
