New projects in crypto are scams Precautions should be taken before use. All new projects perform well in the beginning and try to improve their teams to attract customers then run away with scams when their limits are met. New projects don't get much success so research the projects and then join. This may be due to both having different investors. The scam has seen a significant increase prior to the token halving events.
There is no denying the fact that making investments in new projects without research is unwise. People who become greedy tend to face losses in the market, and new projects mostly play the low-risk, high-reward game with their investors where they ask for minimal amounts as initial investment and promise that the investors would get huge returns on their invested capital which isn't true because something too good to be true isn't true.
That's why, it's essential for an investor to first do some research, observe the project and its development processes, see how they are doing with their audience and how their general engagement with them is, and then if they're satisfied, they should invest their money in that project, if they aren't, they should skip it and look for other projects.