Token sale events, especially Initial Coin Offerings, are widely known for being prone to scams and frauds.  According to a recent study, 56.80% of ICOs launched between August 2014 and December 2019 were subject to scams, corresponding to 65.80% of the relevant market capitalization. Furthermore, a report by Chainalysis revealed that in 2019, scams and frauds accounted for 2.1% of all cryptocurrency transaction volume, which amounted to approximately $11.5 billion. It is essential to approach all token offerings with a healthy dose of skepticism and always do your own due diligence. What’s more, it is always a good idea to seek out reputable sources for information and analysis, such as CoinLaunch, to help avoid falling victim to scams and spending resources on projects with no potential.