Most investors and monopolists try to avoid shitcoin circulation on the market. However, according to the Wall Street Journal, the available quantity of fraudulent cryptocurrencies may be more than that before. That number reaches about 200.
Which of the most legitimate among them?
One of the most popular is the primary coins offering (ICO) - a new method of collecting money that has gained massive popularity in 2017 with millions of dollars.
From the 1,450 anime coin, 271 set up a distinct red flag. It was found that they had plagiarized documents and lists of fake teams or documents that included all the features of fraudulent schemes.
Moreover, most of the "whitepaper", which were discussed in detail in the project technologies and programs, have been shifted from other projects. It's ridiculous that even the names of the teams were copied and sometimes even the missions of the mission.
Bradley Bennett, a former member of the Financial Industry Regulatory Authority, states: "The copyed language, the absence of names of employees and the promises of a large return means that investors should be cautious."
The most unpredictable investors face serious difficulties
Despite a widespread appeal, to conduct extensive research before ICO, the loss of naive juniors in this 271 project is a billion dollars, and some of them revenue increases.
So far, only 273 million dollars have been returned to the law, indicating that investors still do not take into account the true nature of these projects.
ICO's fascination as an opportunity to accumulate money is undoubtedly impressive. According to Statis Group, the revenues of such cryptocurrencies increased from $ 9 billion in 2017.
To eradicate the losses of leading investors, the US SEC quickly became involved in the case and disseminated more Innova cu Yuri - fake ICO to make investors aware of these frauds.
Several official warnings have been issued by the SEC to inform investors and cryptoscope projects about risks and take necessary safety measures. In addition, the regulators initiated controversial projects that report strange conditions such as fixed winnings after a certain period.
For example, we can bring Plexcorps, which has attracted 15 million dollars with 1,300% profit to investors for 1 month.
Naturally, the SEC was not surprised.
Take care of yourself, investors!
Finally, CCN addresses its readers to conduct a legal examination before investing in any cryptos. The most important thing is to take care of simple quotes, general market images and online discussions on famous forums.
However, all the cryptos are not fraudulent because there are good projects on the market that are trying to solve world problems and have impressive partners.
source: https://goo.gl/4MFhYt
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