In the world of whitepaper, finding legitimate investors backing up a certain project helps add confidence for curious investors. Using names of reliable investment groups, however, could be a technique deployed by certain projects to promote themselves without them actually being true.
The Importance of Backing Investors in Upcoming Projects
To put things into perspective, having a strong company linvesting in a certain project tells the public something positive about the project. Since these companies earn through the investments they make, they do not randomly select projects to invest in.
In a real life scenario within the crypto world, a certain project by the name Tank Battle Co used the logo of a company called GD10 Ventures within its investors segment, claiming that the group is a top investor without the latter actually supporting or making an investment.
GD10 Alarms #ScamAlert Clarifying Its Non-Involvement in Tank Battle Co
#ScamAlert We never invested in or supported @tankbattleco – despite this they have displayed us as their predominant investor
Please be vigilant of teams that apply this type of tactic. You can always check our portfolio, or in our telegram group TG @gd10ventures pic.twitter.com/qscngeoMuK
— GD10…
