Crypto scam has become the order of the day in cryptosphere. Cryptosphere has experienced more scam projects since her days of ICO's, IEO's to her present state now(IDO's). So many scams project I have seen so far looks legit but their goal is to dupe people of their hard-earned money without conscience.
Investors are losing their money on new projects on a regular. Although I have come up with simple lessons you can learn from this scam:
1. Never invest in projects that ambiguity in their process
2. Never invest in a coin that has more than 50% of tokens or coins owned by development or team
3. Never invest in projects that sell coins or tokens from team wallet daily
4. Never invest in a project which is not audited by a recognised auditor.
What lessons have you learnt from scam projects so far? Anybody can fall for scam projects not only newbies.