How to recognize a crypto scam project: Any project is made to collect funds from gullible people. A beautiful legend is created, like super traders who give a good% of transactions (for example, 1% per day), mining to which people join in order to receive a% of coin mining. Discounts on purchase of cars Discounts for the purchase of apartments Discounts for closing loans Investor packages with passive income, for example, bought a package for $1000 received $1500 Projects use their own crypto wallets or exchangers so that you store your crypto currency on them, at which point they steal it from you Additional projects began to launch their tokens, issued on Blockchain Binance Smart Chain and Ethereum They sell tokens presale, promising X's on their coin after listings on exchanges, in practice, tokens are not listed, or they are listed but do not allow people to sell tokens, blocking them on their website or in bot Increased staking (for example, 400% per annum or 1% per day) In order for people to buy tokens for liquid crypto or fiat money Who is behind the project, a group of people creating projects, as a rule, they launch several projects, project administrators, CEO are hired or the founders of the project, in other words, the talking head says, who is at the head of the project, so that others think so and believe this person. Next, a referral program is launched, with powerful bonuses, as a rule, several types of bonuses are used (for example: personal invitation, binary bonus, team bonus , bonus from project profits, matrix bonus, etc.e) For promotion, networkers are hired (they are paid mainly in project tokens or they draw beautiful numbers in their personal accounts so as not to pay in real money, with the exception of real money), who build networks of people, attracting smaller networkers, and they already attract crowds people, at the end the invitations practically end, because mostly passive people come and those who do not know how to invite other people, at this moment the pyramid collapses, the arrival of people decreases, and the outflow of funds increases, at this moment a scam sets in. Even during a scam, projects do additional attraction of funds by inventing various stories so that people give their last hard-earned money. After scam projects, intermediate projects are launched to collect funds from gullible people, leaders of structures begin to drag people into projects in order to recoup their funds, sometimes even in several projects, just to receive your referral bonuses from invitations Additionally, projects use bloggers, telegram groups and those who have many subscribers for promotion. Celebrities are also used for the trust of the public and online presentations are often held. For visibility and unity of people, they hold various events where they gather trusting people, inspiring how is everything going well with the project and how is it developing Who makes money in the projects: The people behind the project Who came up with it The talking head (CEO, director, founder) Possibly networkers, at best the first investors It turns out that 99% of people in all projects lose money, many people think that the very first ones earned money, but mostly they only saw beautiful numbers in their personal accounts, which they did not receive in their hands, living in illusions. How long do projects last: Large projects last 3-4 years Smaller projects 1 - 2 years Small projects several months Types of projects: Beautiful website with cool ideas Digital product, for example a wallet Eco system consisting of several digital products Digital asset exchange Digital exchanger assets Super Blockchain, with its own coin Remember in projects they earn: At best 1% (project creators, talking head, networkers) Exceptions when the first investors are allowed to withdraw funds so that others can see the work of the project + exceptions withdrawal of funds using internal currency At worst 0.1 % the creators of the project (the talking head is usually put in prison, or he is on the run) 99% of people lose their money, remember this and do not participate in scam projects, they will cheat you in any case (all hype = scam projects)