Don't rush all tokens!

Chit Chat
1

Simple tips on how to avoid scam tokens

-Always check for social media red flags

-always check for the tokens in google search

-check the token in a token explorer or token price tracker

-Check the amount of liquidity in a tokens balance :balance_scale: pool

-check third party analysis tools

Its so disheartening seeing Majority of people loosing their hard earned money to scam projects

Please let’s be careful and cautious out there
DYOR is very important

Please share to your loved ones, thank you :pray:

4 Likes
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Thanks for sharing

What matters to me in what you said about is

LIQUIDITY PROVISION
AND HOW SECURE THE LIQUIDITY OF THE PROJECT IS

SOME CRYPTO SOCIAL MEDIA ACCOUNTS MAYBE DECEIVING

Check this.

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I will add:

  • look at the website and read the white paper
    Check if the whitepaper is an original or a copy paste from an other project.
  • look if what they promise seems reasonable/doable (1% Daily return on investment for instance is totally unsustainable, promising big things on a small timeframe is not doable unless they have a big team and decent funds).
  • talk with the team and try to see if they know what they are talking about.
  • is the project going to generate revenues? Will those revenues benefit the community?

There is more but just some quick tips :wink:

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Thank so much for adding this, we are stronger together :muscle:, we are here to educate and help each other to be safe and great :smiley: as well :blush::pray:

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Thanks for sharing this few tips
It’s helpful

For me:-
Additionally, A project whitepaper maybe be full of written fake or unrealistic plan.

It’s now in the DYOR as Individual or investor to check and highlight if the roadmap or whitepaper is ATTAINABLE.

I would also say on the
Revenue generation of a project, as this help to visualise how sustainable the project will be.

Hope my additional tips make some sense.

Lols

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Good bro, it’s short and easy to understand

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