As a newbie just entering into and learning in the crypto space, follow me as I share the experiences and knowledge gained on my journey to help fellow newbies
Today is another day on the adventures of the newbie where I bring you information to protect yourself from the hyenas in the crypto space who Can't wait to tear you apart !! LET'S DELVE into IT!!
Over the past two years entered into the crypto space I learned about AirDrops and presales.
AirDrops are essentially when a crypto project gives away some of its tokens to members for completing tasks set by them. These tasks can include social media tasks and testnet tasks.
Presale on the other hand refers to when a crypto project gives the opportunity to people to purchase their coin earlier at a cheaper price than what it would be listed for.
Because of the promise of fortune associated with these two things a lot of scammers have taken it up on themselves to trick unsuspecting victims and swindle them out of their money ,
NB: OVER the past year or two, a group of scammers have created a telegram group with a huge following filled with bots and other scammers . THIS HOW THEY OPERATE 👇👇👇👇.
PAY CLOSE ATTENTION SO YOU DON'T Fall Victim .
When a big exchange like binance announces the Farming and Listing of a coin, these scammers change the name of their channel to that of the Coin/Token project . They then launch a fake AirDrop encouraging you to refer more people to get more of their coins and to participate in their Presales which are also fake.
when you send any money to these Scammers your money is gone and there is no way to retrieve it.
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Being a Newbie in the crypto space can be likened to being a new born baby in the wilds without a mother's protection .
You are exposed to all manner of hardships and hungry lions and hyenas waiting to pounce on you for their own satisfaction regardless of how pitiful you may look .
The anonymity crypto offers makes it even more easier for scammers and thiefs and tricksters to lure unsuspecting victims into their dens and strip them of their valuables.