There are many dubious businesses out there that have slapped together a blockchain asset for the novelty, not because it will actually serve a purpose or be a healthy investment. Here are some tips for spotting ICOs with bad intentions.
A technical white paper is a project’s opportunity to be transparent, insightful, and explain the importance of their contribution to blockchain without trying to confuse you. If an ICO or forked asset doesn’t have a white paper, or their white paper is full of jargon and has more graphic design than actual words, beware.
Other fake investment would leech of the name of another real investment or famous asset to lure people into their web of lies.
Always know that impossible returns over your investment are really IMPOSSIBLE. Mouth watering deals are 99.9% of the time a scam on any type of investment. There are also fake applications that clone the real ones be sure to download all your support apps from the verified vendor.