/biz/ - Business & Finance

>>56282620
raising 600 million dollars for a vaporware product that doesnt actually do anything thing then paying people to spam a dead image board for over a year while dumping your stack on retail

>>55850728
>What went wrong, roachbros?
>>55850866

>>55851171
still 40% inflation since all time high and avax shills on here will just call you an indian and continue spamming their daily quota of threads

But don't just take my word for it here's some excerpts written by ava labs president john wu
https://hackernoon.com/how-to-avoid-crypto-related-scams-bb6c4e3ee739

>Initial Coin Offerings (ICOs)
>ICOs emerge as the clear winner as the easiest way for companies to take advantage of unwary retail investors. >There are a great variety of coins that have raised millions of dollars with just a whitepaper and no product. It goes without saying that a decent portion of these projects lack real business plans and are a way for entrepreneurs to raise cash quickly and easily from an international audience of investors who may perform less due diligence than your average early stage venture capitalist.

>Social Media
>There are many fraudsters who have created fake Twitter profiles, fake email addresses, LinkedIn addresses, Telegram profiles and even fake websites that appear on the first of Google Search results via Google Adwords that solicit ETH or BTC from unwitting retail investors. That is why many Twitter accounts now have (Not Giving Away ETH) or (Not Asking for ETH) as their Middle Name on their Twitter profiles. Many companies will explicitly state that they will never ask for money via Direct Message on social media.

>If a project or giveaway sounds “too good to be true,” consumers should be on guard and verify with others in the community via Reddit, BitcoinTalk, Telegram, etc. on their thoughts as well, especially around the key areas of doubt. Users should be on guard as to fake profiles and ask the person they are conversing with on social media to verify their identity through other methods be it an email from a company email account, etc.