#بعض Signs to uncover fraudulent currencies
🚨 Here are the signs that illuminate 💡 your path so you don't fall for false brilliance 🌩️: Please, my dear brother, "a word of advice for the sake of Allah Almighty". Be extremely cautious before it’s too late 😇
And above all, "First" we pray and send blessings upon our master Muhammad and upon his family and companions all together, and may we send abundant peace until the Day.
"Secondly" We rely on Allah, and He is the best disposer of affairs against every oppressor and those who take the rights of others. O Allah, keep us distant from them as You kept the East and the West apart, and protect us, O Preserver, O Generous. Say Amen 🤲 O Allah, Amen 🤲
In the fast-paced and exciting world of cryptocurrencies, opportunities abound… but risks are even greater! While shiny projects promise you quick riches, some may just be an elaborate trap called “Scam Coin” – currencies created solely to steal your money. So how do you uncover them before falling into the trap? Here are the key signs that should raise a red flag.
🔥 1. Promises of outrageous profits
When you hear: "Invest $100 now, and it will become $1000 in a week!" know that the trick has begun.
Cryptocurrencies are inherently volatile, and no one can guarantee steady profits – so beware of those who promise the impossible.
🕵️♂️ 2. A team without faces
If you can't find real names, or reliable accounts like LinkedIn, or if you find images taken from the internet – this is a strong sign of an attempt to conceal identity. A serious project boasts about its team and doesn't hide it.
🧱 3. A project without a product
Phrases like "We are changing the world" or "A revolution in the blockchain world" without an actual product or real application accompanying them?
Often, this is just a cover for fraud… don't be dazzled by mere buzzwords.
⏳ 4. Psychological pressure to join
When you're told:
"The offer ends today!" or "The opportunity is irreplaceable!"
They don't want you to think, but to rush. This is a classic way to drag you towards the wrong decision quickly.
🧮 5. Unfair distribution of tokens
If a huge percentage of the tokens (like 80% or more) are in the hands of the founders or unknown wallets, it indicates a likelihood of deliberate manipulation or a sudden withdrawal plan (Pump and Dump).
🚫 6. A community that cannot tolerate questions
Are your comments being deleted? Are those who ask questions being expelled from Telegram or Discord channels?
A good community encourages transparency, while suppressing criticism is often a cover for a deeper problem.
👀 Fraudulent projects revealed later:
BitConnect: Promised huge daily returns… ended in a catastrophic collapse and millions in losses.
OneCoin: Claimed to be "the next bitcoin"… and it turned out to be a wide-scale global scam.
SaveTheKids Token: Its market influenced by YouTubers who suddenly abandoned it after draining liquidity.
🛡️ Summary: Don't let greed tempt you. Examine, ask, verify… not everything that glitters is gold. Have you thought about a project that seemed promising but then you doubted it? Share your experience with me!
