The crypto market has its own peculiarities. There are different kinds of relationships in the crypto market, such as the relationship between entrepreneurs and service companies, and are often begun without a face-to-face meeting.
What’s more, most participants don’t have any legal protection to avoid being scammed by the other side.
Always trying to find good projects at an early stage, communities really don’t have understandable tools to define the risks for their future investments. Many entrepreneurs create projects like on assembly line; website, smart contract, marketing, presale, more marketing, listing, and it was all a scam.
Just having an audit is not enough for a project. Even more, having only a KYC certificate is not enough, because most service providers don’t give rats tail about security.
They just earn money by supplying projects with all the necessary tools to create a fake picture of trust.
Now, what about entrepreneurs who are honest and do all the right things? Let’s take a look at the situation from their side.
To evolve the project you need to use different service providers, for instance, marketers.
Most of them work without agreements and charge payments only in crypto. They promise results and take money. But, after they are unable to deliver results they just disappear
On the other hand, marketers are struggling with dishonest entrepreneurs who don’t pay for work done.
Those things happen all the time. People start interactions without seeing each other face-to-face, just chatting on Telegram.
It is no wonder they don’t want to take responsibility in front of each other in case of problems they meet on the way. It’s much simpler to create a new Telegram ID, isn’t it?
It doesn’t matter how small you are right now. My advice, use a lawyer’s services, create agreements in all cases, and ask each other to pass KYC before making a deal. That will show that both sides are ready to take responsibility. And, don’t work with those who refused to follow these simple rules.
Speculation, dishonesty, and greed have led the crypto market to a huge lack of trust among all participants.
I believe that the main blockchain value is transparency. Meanwhile, many people are trying to use blockchain while staying anonymous. How is that compared with transparency?
I understand that people have fears, but still, the world is going to be transparent. That is the trend.
Knowing all that, I’m very happy to be part of the Soken team because our foundation is our principles. Soken is building trust in the blockchain space.
Likewise, Soken has the tools to increase trust among all participants in this market.
We believe our approach will build a community with a new level of values. And, that will make people’s life's easier, safer, and more comfortable.
