There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
Never trust any project that promise you very high thing. Moreover new projects, if youbare new investors, it is better to stay aaway from this. But if yiu are going to take higher risk, jist use small amount, so if the projects are not successful, yoi are still okay.
Btw, scamers commonly also do their great jobs to make their projects seem like very legit projects, moreover they sometimes also create fake telegram group and other social media to look like real. They also create convoncing Whitepaper and sites. That is why, always be careful and never believe too much in the new projects.
One of the shadiest things that you should see this as a red flag already on which devs are telling about some projection of huge or high value or prices for the project outcome or value in the future.This is something
that you should really be that wary and be avoiding on things and this alone would really be that signifying that you are dealing with a scam project. Always DYOR and making your in depth analysis and research
about the project. Its not only just reading up its roadmap or whitepaper but also trying out to study their codes or contracts whether there's some shady inside is happening
like those buy and selling contract integrations which slowly shows up some rug pull specially if the coin is still on dexes.
only invest in a project coming from developer that seem to have good background like they are alumni of some prestigious university then you will likely encounter good project with such developers.
even better if the project was also funded by the likes of coinbase, and binance.
It will be hard to fine such types of developers in the market today as most of them are already engaged with one project or the other that are already gaining reactions, most of the developer that are launching new projects lately I most likely to be newbies in the business without any experience unless the old timers that want to break away from their current project to start up a new one which may likely not be a success as per se on the long run.
Most of projects do run into those unknown or anonymous devs which its really hard to trust up and fund up with these kind of projects. You cant really be able
to come after of your funds once you had been scammed. In todays time where lots of scam projects had been existing where rug pulls are common
and scamming away investors is really not that something new.
