How to spot a good cryptocurrency project

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The cryptocurrency ecosystem right now is filled with some many funny things. This is the more reason why you should be careful about how you do your thing whenever it involves the chain. Failure to apply carefulness might result in you to get bitten badly. I have warned people to always pay attention to whatsoever thing that they are doing when it comes to the cryptocurrency ecosystem but many are too lazy to get this done. They are air bent stubborn and lazy. How can you say you have a business but still yet you don't want to give that business a good committed portion of your time, it shows that you are not ready for what lies ahead. Many still thinks that cryptocurrency is for play, they don't knows that the ecosystem ever since 2008-2009 that Satoshi Nakamoto launched it has moved into a stage even bigger than the launcher himself.

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I must state that even Nakamoto Satoshi that launched this cryptocurrency project wasn't even sure that this is what cryptocurrency will turn into. His dream might not be bigger to this extent but he will be shocked to see that what he built with little vision has grown to be a global tool, almost everybody wants to key into it. We all have seen the beautiful side of cryptocurrency aside just buying and selling. The crypocurrency ecosystem is filled with beauties beyond measures and as time progresses we should be prepared for more beautiful moment. We will be surprised because cryptocurrency is already here to stay and there is nothing stopping it. I still wonders and made fun to those who at this stage still thinks that cryptocurrency is for play, especially those who said that cryptocurrency is still scam at this stage.

We all should knows that every beautiful thing attract the good and the bad. This is the more reason why we should knows that no matter how it looks and seems, cryptocurrency won't be exempted from scam too. They are many bad eggs here who wants to make sure that they wants to give the cryptocurrency ecosystem that bad name with their bad intentions. We can only be smart with what we are doing in other for us not to fall into the hands of all this cheap scammers. We all have fall to all this prey in one way or the other but we should be smart with what we are doing henceforth, we can't keep falling to them again. We just have to be smart with what we are doing henceforth.

How to spot that good cryptocurrency project

Even when you see some of these features you should still applies your brain while carrying some certain task. I won't cover all aspect but it is very vital you work with some of the things I am about listing below.

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  • Good customer support system

  • Project should have more than one or two team member

  • They should give update regarding the progress of the project always

  • They should not be focused on selling their coins to you

  • They should never chat you first

  • They should have a good social media account with a lot of real users following their page

  • They should have a good project road map

  • Be skeptical if they ask you to link your wallet. Make sure you make research before doing so.

Conclusion

I am so happy that with the above I am able to share some little things to help you stay afloat when it comes to cryptocurrency. Knows that whatsoever thing that you do here you have to applies your wisdom if not you will surely get into the hands of those scammer. Nonetheless, make sure that no matter what, don't be too greedy, this are some criteria that have led us into the hand of those scammers. If you have more ways we can spot good cryptocurrency project you can as well state it.

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There is a decentralized finance project currently running. If you want to make good reward from your stake or Liquidity mining you should take a look at this project called Woxdefi . For more information about woxdefi you can check the below links.

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Discord group

Telegram

Website

Purchase Wox through this link

  • If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks

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5 comments
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Very interesting article, It is really hard to find good project, thanks for your contribution!

!1UP

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It is very difficult to find a good project but even after finding it we must be very careful approach it properly in other not to lose money

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I still don't know if I'm ready for what's coming, it's very confusing everything that has been happening in these months.

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