Recently, many people have been paying attention to the Chinese government's ban on cryptocurrencies, especially mentioning air coins and scam coins.
They also specifically mentioned projects as examples (for instance, Pi coin), because there are too many fake Pi scams in China.
However, some people seem to believe that only those announced are considered banned air coins or scam coins.
In reality, it's not just the announced ones that are scams. Some people judge the safety of their projects based on coins that have not been announced, which is actually incorrect.
If we follow the standards defined by the Chinese government and require each project to be announced, then it would need to announce over 17,000 types of cryptocurrencies as scam coins.
Even more strictly, if we include the dead coins announced by Coingecko, then there could be as many as tens of millions of dead coins and scam coins that need to be announced as banned.
Therefore, don't think that the dog coins you invest in are safe just because they haven't been announced; in reality, 99% of them are defined as banned.