The title is a question that many people do not seem to ask themselves. It is a mistake that could make you bankrupt.
You don't want to invest in a coin thinking in the back of your head "Is this a certified coin"
"But it's on an exchange, so it must be legitimate". Do you really believe that? The cryptocurrency sector is still flourishing and there have been many times when exchanges, please do not name them in the comments, have been known to take your money and intentionally or by accident put up a scam coin into their exchange.
There is a solution.
It should only take you two seconds to find out whether a coin is safe to invest in for the short or long term.
I have just started a subreddit called /r/coinjudge where coins present their evidence and they are added to a database of scam coins. The website is listed on the subreddit and searching it, is as simple as using google.
Now It's only fair that I talk about the cons of coinjudge:
We are still new so most coins have been listed as undecided, if a lot of people submit coins, then more coins can be accepted or rejected based on evidence and unanimous decision.
There is a service out there already like us, it's called shamcoin. Where I think we differ, is that we will never ask you to buy our tokens. How can we fairly judge other coins, when we have our own. It's also a fact that the UI on our site is simpler to use. Some good coins have not been automatically added because I did not want to be bias. This is my fault as I refused to simply just add a coin because I heard someone say something good about it. If I have not researched it for more than a day, it will have the status of "undecided" on the website. If you can think of any more disadvantages, then comment below and I will answer your questions.
Coinjudge Will stop devious scammers from taking your money in ICOs, forks and exchanges. Exchanges will be added into the database in the near future.
Our goal is to be a firewall between scammers and your hard earned money.
Edit:
Website:
www.coinjudge.io