Binance CEO Changpeng Zhao is warning people after FTX’s collapse to avoid crypto projects that are displaying five key red flags. Zhao tells his 7.5 million Twitter followers what to look out for when getting involved with crypto-related enterprises. “FTX aside, avoid businesses/exchanges/projects that: – are not profitable (musical chairs) – survive by selling their own tokens – give high incentives for locking your tokens – have a large total supply, but only a small circulation supply – involves loans.” He also advises those embarking on such projects to protect people’s investments by having an emergency reserve fund to protectGo to Source
Author: NixCoin