And today, the cryptocurrency market is expanding; therefore, initial coin offerings are very prevalent. You might have seen that companies already launching cryptocurrencies have given initial coin offerings in the past as well, and to expand their business, they are doing it for the future as well. However, you cannot simply trust any company which comes across for the first time in front of you if you are willing to invest in an initial coin offering. It will be essential for you to judge the company properly and make an appropriate investment. So, you must keep a few things in mind if you are willing to spot an initial coin offering that is fake. Yes, you must understand how to spot a fake initial coin offering, and we will specify the features below. Trade safely through a reputable trading platform and enhance your trading skills at the official site of bitql.
No white paper
An essential thing that will enlighten you about a fake initial coin offering is that there will not be any white paper. Moreover, even if there is one, it will be fragile. Yes, the realistic features of a fake initial coin offering can be identified by reading and comparing it with other companies white paper, which is genuine. Doing so may quickly see whether a specific initial coin offering will be fake.
Less secure payment gateways
Today, security is the most important in cryptocurrency because most people cannot identify fake players. Therefore, if you wish to use the cryptocurrency market best, check the secure payment gateway. Yes, if the payment gateway of the initial coin offering is coming from a highly reputed company, perhaps it is the right one. However, if the company is just a local one, perhaps there is a lesser degree of security; therefore, it is an initial coin offering that is fake.
The country’s registration is one of the most crucial identifications of the initial coin offering. If the company is not registered, it is not the one you should go with. Moreover, it will take your money away, leaving you with nothing. Moreover, the company will not give any proof or stem from the company’s side. This way, you can identify if the company is choosing to get an initial coin offering that is fake.
Wrong email address
The email address from which you are going to get the proposal seems to be wrong. Yes, you must ensure that the company sends you emails, which must be very genuine. Most of the time, people are not bothered to check this kind of thing, and therefore, they get scammed. If you want to stay away from this kind of scam, make sure to double-check the email of the company and visit its official website before you do anything else.
The genuine company will not be too pervasive to get investment from the people. Know that the company pushing too hard is not the best. Excessive perspiration is only taken over by companies willing to sell their initial coin offering by hook or crook. Moreover, such companies are fake; therefore, you should keep your eyes open while checking the company’s legitimacy.
Seems too beneficial
Highly profitable companies are around you, but you need to make sure you judge them correctly. Know that the cryptocurrency market is full of fake players; therefore, you must identify them correctly. In addition, you need to understand that the beneficial factors in the coin offering are sometimes considered not the best ones. If you think it will make you a millionaire overnight, perhaps it is not real. So, it is the best way to identify an initial coin offering that is fake and will not provide you with any return.
No physical basis for the company
A crucial aspect of the cryptocurrency market that you have to consider is the physical basis. If the company does have a headquarters, it will give you something in return. However, a few initial coin offerings in the past never had an existing physical company. But, people did not check this factor and, therefore, got scammed. So, make sure to check if the headquarters of the company exists.
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