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How to Spot Scam Projects in the DeFi Industry
THIS COURSE WILL LET YOU:
- Find out about scam in cryptocurrency
- Learn how to recognize scam
- Learn how to avoid scam
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What is the purpose of the project?
This may appear
to be an obvious question, especially if you are new to the DeFi world.
However, the
vast majority of crypto assets add nothing new to the business.
Yes, we have examples of truly disruptive breakthroughs (which is why we're interested in DeFi!). Nonetheless, many new initiatives are attempting to fade into the background of DeFi interest without even attempting to bring anything new with them.
Yes, we have examples of truly disruptive breakthroughs (which is why we're interested in DeFi!). Nonetheless, many new initiatives are attempting to fade into the background of DeFi interest without even attempting to bring anything new with them.
An audit of smart contracts
Audits of smart
contracts and DeFi are common. The goal of an audit is to ensure that the code
is secure. Even though auditing is an essential aspect of smart contract
development, many developers release their code without it.
As a result, the risk of using such contracts rises dramatically. It should be mentioned that an audit is very expensive. Legal projects can typically afford to pay for an audit, whereas scam projects are less interested.
As a result, the risk of using such contracts rises dramatically. It should be mentioned that an audit is very expensive. Legal projects can typically afford to pay for an audit, whereas scam projects are less interested.
Basics of Bitcoin And Cryptocurrency
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