Advertisement
AD

Main navigation

Redditor Launches ‘Yelp for Crypto’ Website for Reporting Scams, Anyone Can Contribute

Advertisement
Fri, 8/02/2019 - 10:02
Redditor Launches ‘Yelp for Crypto’ Website for Reporting Scams, Anyone Can Contribute
Cover image via U.Today
Read U.TODAY on
Google News
Contents
Advertisement

A few hours ago, a redditor named u/stellarowl12 published a post on Reddit saying he has a special new project going which aims to provide a platform for telling crypto scams apart from honestly working platforms.

The new Crypto Canary website allows rating platforms and leaving necessary feedback so that investors do not fall for the numerous crypto scams that are around at the moment and do not lose faith in the industry overall.

Crypto Canary

The idea was floating in the air

The redditor believes that scams are a great factor that prevent crypto from worldwide adoption by giving the crypto industry a bad name and making people lose their money. The projects leave and never come back.

At the same time, the person points out that in numerous groups on Telegram, Twitter and Reddit, people keep warning each other about traps that crypto scammers set for newbie investors. But these messages are hard to come across for those who are new to the crypto industry and basically do not know where to look. Many new investors fail to find these warnings or when they do find them, it is already too late.

Related
QuadrigaCX Story Gets New Twist as Obtained Documents Reveal Dead CEO’s Wife Tried to Hide Luxury Properties from Creditors

Crypto Canary

The website allows anyone to register and add a description of a crypto project they feel necessary to encourage users about or warn them against. Each gets a certain degree of being ‘shady’, based on the website’s criteria.

For example, Apollo Currency is marked as being 63 percent shady. BitTorrent – 67 percent, Ethereum Classic – 38 percent, Tron – 58 percent shady.

Crypto Canary

Each added project does not have many reviews so far, just 2-3, and it is not clear how this feedback can be checked to be trusted.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD