Imagine someone announces a new cryptocurrency project with big promises and a lot of publicity, but in reality, it doesn't exist or has no intention of being developed. This is a fake project launch.

Why are they done?

Scam: To steal money from investors who buy the cryptocurrency believing in the project.

Market manipulation: To influence the price of other cryptocurrencies or to create a speculative bubble.

How to identify them:

Lack of information: There is no clear business plan, identified development team, or project roadmap.

Exaggerated promises: They guarantee large profits in a short time with no risk.

Pressure to invest quickly: They create a sense of urgency for you to invest before it's too late.

Ads on social media and unreliable websites: They don't use official and verified channels.

Tips to avoid them:

Research thoroughly: Look for information about the project, the team, and the technology behind it.

Be wary of easy promises: There are no risk-free investments.

Consult experts: Ask for advice from people with experience in the world of cryptocurrencies.

Don't get carried away by emotion: Make decisions based on objective information.

Remember: The world of cryptocurrencies is volatile and full of risks. It's always best to be cautious and not invest more than you're willing to lose.