Crypto is full of opportunities, but it is also full of pitfalls trying to exploit uninformed investors.
How to recognize these High Risk dapps?
- If a project offers daily rewards of 1 to 6% or more, this is unsustainable without new participants.
- Beware of any project that doesn’t allow you as a user to withdraw your funds.
- DYOR (Do Your Own Research 🔍 ) before investing in any dapp project.
Only you are responsible for where you put your funds.
But I’m seeing people getting paid! 🤔
It is normal for earnings to be remunerated correctly for a period. But if the project is not sustainable, its failure is only a matter of time.
Is the risk I take just from not getting a earnings? 💸
No! The earnings depend on the entry of new users and are closed as soon as the volume of users to receive is greater than the number of new investors. The equation does not close.
But there are even greater risks. The project owner can simply disappear with the deposited amounts of all users. We have no way of knowing.
Depending on the contract created, you may be authorizing dapp to clean your entire wallet.
Help & Tutorials: https://medium.com/tronwallet-support