Organic hype also has its downside. Some projects have been hyped by top influencers in the past and you wi see a lot of people jump in and invest in the project, but before the due date to launch the project the developers abandon the project and a lot of people lose a lot of money.
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It's crucial to distinguish between genuine projects and those driven solely by influencers. Some projects fall victim to abandonment, leading to significant losses. Vigilance and research can help navigate this dynamic landscape.
This is part of the research that should be done before investing in a project or product, there are many ways to avoid this type of scams, but it is about educating yourself and studying although it is obvious that these pay to scam people
Some people are too lazy to do research and would blindly trust whatever the influencer says. This is something that I have witnessed on X frequently.
That's what the scammers do generally. That's why we have to be careful before investing our precious money to any projects. Although we can research about it in other social media website and make threads in InLeo to get public opinion.
Doing your own research is key to staying out of scam projects. There was a space some time ago about wallet guard and how it has been effective in protecting people from scams. I did my research and found it was true. That's the power of acquiring more knowledge.