Perhaps such projects often occur during times when the ICO market becomes difficult. To attract many investors, they will have to create an outer cover or have sold a large amount of TOKEN to create confidence for investors to buy. Please double check before investing in such projects
Such projects can easily create a fake atmosphere which might motivate the investors to invest into their project and also it is not much difficult to create a fake token sale and show the maximum number of tokens sold already. This is mostly been used even now and there are a lot of projects who are using this technique to scam many investors.It is our responsibility to check their contract address and check whether they really have collected the funds mentioned by them. If not, than create a thread in scam accusation and save plenty of other investors from investing into such scam projects. We can't stop the emergence of these scam projects but we could bust them each time they show up in the markets.
yes check as much detail as possible about the funds, I also doubt the ico site that says that a project has reached softcap or their sales have been successful.but there is never any info about the market,or further development.
