How to notice cryptographic tape: key warning signs to take care of
In the world of cryptocurrencies, older fraud and Ponzi systems had a fair participation. At the same time, one of the outstanding fraud is a “carpet”, in which the initial coin project (ICO) or cryptocurrency project suddenly disappears with investor funds and leaving the confusion and financial losses.
In this article, we immerse ourselves in key warning signs, which should be exercised when watching a cryptographic diecznik. If you are aware of these red flags, you can protect yourself from becoming victims of such fraud.
What is cryptocurrency pulling?
Cryptographic pull occurs when ICO or cryptocurrency project suddenly disappears and leaves a collection of worthless tokens, investor funds and cryptographically endangered data. This type of fraud is often characterized by:
- Lack of communication : The project does not communicate with investors or react late and inconsistently.
2.
- No clear schedule : Lack of transparency in the project development plan, a significant warning sign for purposes and milestones.
Warning boards to take care of
When assessing ICO or cryptocurrency project, remember about these key warning signs:
- Latched security offers : The project must be registered in relevant regulatory bodies, such as SEC (securities and stock exchange) in the United States.
- There is no clear whitapper or schedule : no project development plan, target and milestone are a lack of transparency of the red flag.
- Ireal marketing requirements : If ICO promises an extremely high level of profitability or guaranteed investment success, it can be a fraud.
- Lack of community involvement
: active community support, online presence or social media without channels. Projects will probably be a fraud.
5.
how to protect yourself
To avoid the sacrifice of the cryptocural draw:
- thorough research : You conduct thorough research on the project, programmers and community.
- Check the registration : Make sure the project is registered in the relevant regulatory bodies and has a clear Whitaper or schedule.
- Monitor social media : observe suspicious activities or communication of the project team or community.
- Do not invest without understanding : Before involving funds, consider investing in cryptocurrencies.
** WHAT
If you suspect that the cryptocurrency design will soon leave the rug:
- Disable immediately : immediately remove the project and wallet network.
- Report of Fears : Inform regulatory authorities such as SEC or Finnce (financial crime enforcement network) in the United States.
- Find professional advice : consult a financial advisor or a lawyer specializing in cryptocurrency law.
Application
Cryptocurrency fraud is growing and it is important to be aware of the most important warning signs that the cryptographic syndrome notice. If you conduct research and tests, you can protect yourself from becoming victims of such fraud. Do not forget to check the registration, monitor social media and do not invest without understanding. If you suspect cryptographic diecz, turn off immediately, apply for fears and look for professional advice.
more sources
* Sec (Committee of Securities and Exchange) : [www.sec.gov] (
* Finnce (Financial Crimes Executions Network) : [www.fincen.gov] (http: //www.fincent.