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The promise of crypto projects and the blockchain offers amazing opportunities for people to get involved with great projects early on. Anyone can become an investor and see the huge gains of some tokens, NFTs and metaverse projects. Unfortunately, when there is lots of money involved, there are often scams and thieves preying on the excitement of the community. Today, let’s take a look at some ways you can avoid getting scammed.
Crypto Twitter can be a valuable tool in terms of gathering information, but it can also be a minefield of misleading statements, and investor opinion. Thousands of crypto projects call twitter their home, but only a small percentage are actually successful long-term.
There are a number of great projects out there that have solid fundamentals, great teams and strong support from investors, but for every one of those projects there are 10 others that are just looking to make themselves some quick money and leave supporters holding the bag.
The team at Ruby Play Network have been doing a number of AMA’s with great communities like the Future Lounge, and Crypto Hunters. One of the points we often talk about is the work we’ve done with the New Zealand government and financial regulators to make sure our RUBY token is in compliance with all the current laws and regulations. It can be quite…
