How to Spot Potential Scam Tokens — Stay Safe, Think Twice 🚫
Many crypto-tokens are launched every day — some are legitimate, others are scams or high-risk projects.
There are widely recommended checks to assess a token’s legitimacy: verify that the token contract is publicly audited/verified (on explorers like Etherscan/BscScan), check for a clear whitepaper, a transparent team, and a realistic use case.
Tokens that exist only on small decentralized exchanges, have very low liquidity, or show signs of “hype-only” marketing — and especially those where people report losing large parts of their investments — should be approached with caution.
If you believe a token is risky or potentially a scam, it’s responsible to warn others and encourage them to do their own research before investing.
Not financial advice — always do your own research and invest carefully.
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