Cryto scam won’t be too difficult to be avoided if you read the content below:
- White papers in scam such as Fluz Fluz, usually publicly publish premature announcement of listing in major exchanges before to be confirmed. Meanwhile, any behavior of premature announcement is forbidden by many major exchanges.
- Be cautioned to the white paper what fabricates recommendation from famous professionals. Most of professionals will stand for neutral in any activity and conversation. Except highly ranked controversial cryptocurrencies such as NEO & Ethereum Classic.
- When the description in white paper is ambiguous, the developer is either ignorant of blockchain or unskilled to write. Thus to stay away from them.
- Some co-founders in white paper had never existed in the world.
- When the developer promises a profit to investor, turn away. Generally, they concentrate finance rather than blockchain such as PIECoin.
- The white paper should not have any financial institution powered. Turn away if they do, for example, GBCGoldCoin. However, independent financial institution doesn’t refer to this. Although these institutions don’t guarantee 100% success, at least it can filter out many scams. They must profit customers (investors) at the same time as when they profit themselves.
- A trustworthy cryptocurrency, alike Litecoin, does not temporarily issue additional coins without frequency and expectation. Otherwise, it is a scam, no matter how great it is.
At the last, I concluded all my suggestions in the guideline of investment in cryptocurrency.