{"id":387,"date":"2022-11-14T14:16:49","date_gmt":"2022-11-14T14:16:49","guid":{"rendered":"http:\/\/78.47.81.216\/?p=387"},"modified":"2022-12-19T09:43:28","modified_gmt":"2022-12-19T09:43:28","slug":"how-to-identify-a-scam-project-5-simple-tips","status":"publish","type":"post","link":"https:\/\/blog.ag.qubiq.cc\/?p=387","title":{"rendered":"How To Identify A Scam Project? 5 Simple Tips"},"content":{"rendered":"\n
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The best way to protect yourself from fraudulent IDOs and sketchy tokens is to thoroughly research the project before investing in it. Here are 5 tips that may help you avoid losing money.<\/p>\n\n\n\n

Tip 1. Explore the team<\/strong><\/p>\n\n\n\n

Presenting the team increases the trust in the project. And scammers also know that. Check the biographies of the claimed team members, then google their names and other projects they allegedly worked on, to get more info. Try to find them on Facebook or LinkedIn. Does the information match? Do they have enough friends or subscribers as for an industry leader? Are they active on social media? If the answer is three \u201cno\u201d, it\u2019s a bad sign.<\/p>\n\n\n\n

Tip 2. Scan the website<\/strong><\/p>\n\n\n\n

Now it\u2019s time to estimate the visual part. Scam projects often have poor website design, spelling errors, no references, or links that lead to non-existing social media. If the project has a blog, check how active it is and how they interact with the community. No updates for a long time is also a bad sign. You may also find fake partnership announcements on the website. If, for example, the company claims to work with Binance, go to Binance website and check this information.<\/p>\n\n\n\n

Tip 3. Look through the whitepaper<\/strong><\/p>\n\n\n\n

A cryptocurrency or ICO whitepaper is the foundational document for any project. Reading a whitepaper is not an easy task. However, just a quick look at the project\u2019s whitepaper can say a lot. In some cases, fake whitepapers are full of unrealistic expectations, incompetence, math errors or non-existent financial models. Lack of a roadmap is also suspicious. And remember that projects offering no whitepaper at all should be avoided at all costs.<\/p>\n\n\n\n

Tip 4. Find people\u2019s complaints<\/strong><\/p>\n\n\n\n

Comments by real people can say a lot about the projects. You can find them on the project\u2019s blog or social media, on Reddit or other forums, even in the App Store \u2014 if there\u2019s a mobile application. Sometimes, even a few but very emotional complaints are enough to start doubting the project. May hundreds of laudatory reviews not cloud your mind: they could be written by bots.<\/p>\n\n\n\n

5 Use additional tools<\/strong><\/p>\n\n\n\n

Special online applications can serve as an independent source of all information about a project\u2019s token. With their help, you can see what\u2019s happening with the token right now, track all transactions, hold a contract audit, check the liquidity status for a specific token etc. You can try Token Sniffer, Block Explorer, Unicrypt, Dextools and other programs to check a suspicious project. Just enter the name of the token, and the tool will find everything about it for you, even comments by people who\u2019ve been scammed.<\/p>\n\n\n\n

Just a fact<\/strong><\/p>\n\n\n\n

In 2021, crypto scammers stole a record $14 billion in cryptocurrency \u2014 that\u2019s more than any other payment method. Thieves evolve and create more elaborate schemes, so be attentive and follow Alpha Guilty for more useful tips.<\/p>\n","protected":false},"excerpt":{"rendered":"

The best way to protect yourself from fraudulent IDOs and sketchy tokens is to thoroughly research the project before investing in it. Here are 5 tips that may help you avoid losing money. Tip 1. Explore the team Presenting the team increases the trust in the project. And scammers also know that. Check the biographies […]<\/p>\n","protected":false},"author":7,"featured_media":388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[38],"authors":[37],"class_list":["post-387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-education","authors-alphaguilty"],"acf":{"reading_time":3},"author-name":"AG Content Manager","suggested-articles":[{"ID":622,"post_author":"7","post_date":"2022-12-14 17:52:58","post_date_gmt":"2022-12-14 17:52:58","post_content":"\n

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The governments have been seeking to regulate cryptocurrencies since Bitcoin started to gain popularity after 2013. Approaches and timelines of crypto regulations vary from country to country, but by now, nearly all governments issued at least one or several statements on how to deal with crypto.<\/p>\n\n\n\n

Let\u2019s explore the history of regulation attempts in the US, EU and Asia.<\/p>\n\n\n\n

The US: Step By Step Regulation<\/strong><\/p>\n\n\n\n

The United States embrace the approach of what they call reasonable regulation. This means adapting and applying the existing legal framework to cryptocurrencies rather than setting up special crypto laws. <\/p>\n\n\n\n

The US government doesn\u2019t take centralized crypto decisions, leaving the regulation to its member states. The regulation is built on statements from state agencies such as the Securities Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Internal Revenue Service (IRS).<\/p>\n\n\n\n

Timeline: <\/strong><\/p>\n\n\n\n

2014 \u2014 IRS issues the first guidance for taxation of cryptocurrencies (e.g. Bitcoin), explaining how to apply general tax principles.<\/p>\n\n\n\n

2017 \u2014 US becomes the first country to regulate initial coin offerings (ICOs) through SEC. <\/p>\n\n\n\n

2018 \u2014 IRS sets up a taskforce to combat tax crime and money laundering through digital currencies.<\/p>\n\n\n\n

2022 \u2014 Stablecoins become well-regulated on demand by US financial companies.<\/p>\n\n\n\n

2022 \u2014 Broader crypto regulations are work-in-progress.<\/p>\n\n\n\n

The EU: Partly-Regulated Crypto Market<\/strong><\/p>\n\n\n\n

The European Union has taken a number of significant steps towards crypto regulation during the last few years. However, each of 28 EU states has different specifics and opinions, which slows down regulation on the whole.<\/p>\n\n\n\n

Timeline of key events:<\/strong><\/p>\n\n\n\n

2014 \u2014 Germany becomes the first European country to accept Bitcoin as a currency. <\/p>\n\n\n\n

2015 \u2014 Sweden authorizes trading of two Bitcoin exchange traded notes.<\/p>\n\n\n\n

2018 \u2014 EU lawmakers agree on the Anti-Money Laundering Directive to tackle the problem of money laundering, tax evasion and fraud with cryptocurrencies. <\/p>\n\n\n\n

2018 \u2014 Malta and Switzerland pass bills especially designed for cryptocurrencies and blockchain technology.<\/p>\n\n\n\n

2022 \u2014 EU approves the Markets in Crypto-Assets Regulation (MiCA Directive) as a global attempt of comprehensive crypto regulation. It\u2019s still work-in-progress.<\/p>\n\n\n\n

Asia: Crypto Regulation Contrasts<\/strong><\/p>\n\n\n\n


Speaking about cryptocurrencies in Asia, we can see completely different regulatory approaches in China and the rest of the region. In 2013, China was the main driver of Bitcoin\u2019s price and was a true cryptocurrency pioneer. However, it quickly changed its course by imposing multiple bans on digital assets and mining.<\/p>\n\n\n\n

Timeline for China:<\/strong><\/p>\n\n\n\n

2014 \u2014 Chinese regulators impose strict rules on cryptocurrencies, ordering banks to close accounts which included them. <\/p>\n\n\n\n

2017 \u2014 Prohibition of ICOs and crypto exchanges.<\/p>\n\n\n\n

2021 \u2014 Ban imposed on Bitcoin & other currencies mining.<\/p>\n\n\n\n

At the same time, South Korea, Japan and Singapore have followed consistent policies towards digital currencies. South Korea failed to ban crypto-related activities<\/p>\n\n\n\n

and took its stance for regulatory developments of the industry. In 2017, Japan allowed merchants to accept bitcoin as a payment and in 2018 set up a government-backed research group.<\/p>\n\n\n\n

In Singapore, cryptocurrency exchanges and trading have been legal since 2017, and the city-state has taken a friendlier position on the issue than some of its regional neighbors.<\/p>\n\n\n\n

What\u2019s next?<\/strong><\/p>\n\n\n\n

Taking into consideration the ongoing growth of DeFi<\/a> and crypto-related businesses, we can expect further regulatory measures across the world. These will include rules of funding, refunding, investing, taxation and other processes with digital assets that are missing clarity.<\/p>\n\n\n\n

To make regulation seamless and really beneficial to cryptocurrency users, governments should involve experts and crypto firms in discussion and decision-taking. <\/p>\n","post_title":"Case Study: History of crypto regulations","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"case-study-history-of-crypto-regulations","to_ping":"","pinged":"","post_modified":"2023-04-13 18:32:40","post_modified_gmt":"2023-04-13 18:32:40","post_content_filtered":"","post_parent":0,"guid":"http:\/\/78.47.81.216\/?p=622","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":960,"post_author":"7","post_date":"2023-02-20 13:18:11","post_date_gmt":"2023-02-20 13:18:11","post_content":"\n

\"Is<\/figure>\n\n\n\n

Today digital currency<\/strong> is one of the most popular assets. Traders and crypto investors<\/strong> willingly use crypto coins <\/strong>for different operations. Competent investing in crypto<\/strong><\/a> assets<\/strong> can bring a very good income. At the same time, there are many different crypto projects <\/strong>on the market. In such a situation, it is quite difficult to make a choice. So, we need to find the best cryptocurrency to invest<\/strong> in.<\/p>\n\n\n\n

The list of available digital currencies <\/strong>is quite extensive today <\/strong>and includes many different crypto assets.<\/strong> It is important to select a crypto project t<\/strong>hat will bring income. Therefore, it is necessary to consider the best crypto to buy<\/strong> ranking. It is better to invest in digital currency<\/strong> at the top of the list. Give priority attention to the most promising crypto assets<\/strong>, as well as leaders in terms of market capitalization.<\/strong> Today <\/strong>we will talk about the best cryptocurrency to invest in 2023<\/strong>, so you can build your portfolio intelligently.<\/p>\n\n\n\n

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Is crypto asset<\/strong> the right investment?<\/h2>\n\n\n\n

Now there are more and more newcomers in the crypto industry<\/strong>, and the topic of digital currencies has become hot. Some people consider crypto assets<\/strong> a very risky thing, while others find them a great investment option. The truth is somewhere in the middle.<\/p>\n\n\n\n

So why do people choose crypto projects<\/strong> as an investment? We've already said above that there are many different crypto assets<\/strong> on the market, and every year their number is only increasing. That's because crypto assets<\/strong> are of great interest not only among large crypto investors<\/strong> but also among people without much experience in this field. Both the former and the latter choose the best cryptocurrency to invest<\/strong> in the hope of a good profit.<\/p>\n\n\n\n

Experts predict that the worth of crypto assets <\/strong>will continue to grow. Based on observations of the crypto space <\/strong>and market over the past ten years, the following became clear:<\/p>\n\n\n\n