How to identify scam crypto projects?
How to Identify Scam Crypto Projects
Red flags include: anonymous or fake team, no code audit, promises of guaranteed returns, pressure to buy immediately, and no clear use case. Check if the project has a real website, verified social accounts, and a clear whitepaper. Search for reviews and whether others have been scammed. If you cannot verify the contract address or the team, be very cautious. Do not invest based on DMs or unknown influencers. When in doubt, skip the project.