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
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