“This coin is going to be listed on a major exchange, buy it quickly, or you'll miss the chance!” “Bring three people into the group, and you can get an airdrop, guaranteed profit!” Hearing these words, are you tempted? I was deceived by these phrases at first, losing 250,000 in two years on scam coins, turning from a 'small investor' into a 'debtor.' It wasn't until I developed a set of 'project screening methodology' that I stopped falling into the trap of scam coins. I even helped friends avoid several scams by identifying them. Today, I’m sharing all this valuable information with you; after reading this, scam coins will never trick you out of a penny again!
The reason air coins can repeatedly succeed is that they tap into the psychology of beginners wanting to get rich quickly. These projects usually share three common features:
First, the slogans are loud but lack practical application, often saying things like 'disrupting the industry' or 'changing the world,' but the white paper doesn't even clearly outline the basic technical architecture;
Second, they rely on recruiting for rebates and expand using a pyramid scheme model, which is essentially a Ponzi scheme;
Third, the team's information is not transparent; they either use fake avatars or hide their identities, and when problems arise, they run away. I was once deceived by an air coin that claimed to be 'metaverse + blockchain.' The project party said it would be listed on a well-known exchange within three months, but when the deadline arrived, they directly disbanded the community, and the token instantly dropped to zero. The 80,000 I invested was wasted.
After countless missteps, I've summarized four precise methods to identify air coins, which beginners must keep in mind:
First, check the team's background. Look up project team members on LinkedIn and GitHub to see if they have real industry experience and past project cases. If the information about team members is vague or cannot be found at all, just pass.
Second, check the quality of the white paper. A quality project's white paper will clearly state the problems the project aims to solve, its technical solutions, token economics, roadmap, and other content, with rigorous logic and detailed data; whereas an air coin's white paper is either plagiarized or filled with loopholes and empty talk.
Third, check on-chain data. Use tools like Dune Analytics and Nansen to view the project's on-chain activity, and the flow of funds in and out. If there are no real trading data and all the popularity is fabricated, it's definitely a scam. Fourth, beware of high-yield temptations. Any project claiming 'guaranteed profits' or 'annual doubling' is a scam; there's no such thing as a free lunch in the crypto world.
My opinion is: less than 1% of valuable projects in the crypto world, the remaining 99% are either air coins or Ponzi schemes. Newcomers to the market shouldn't think about getting rich quickly with small projects; they should start with mainstream assets and build a solid foundation. Even if you want to invest in new projects, you should only use up to 5% of your total funds to experiment, and don't put all your eggs in one basket.
Tomorrow, I will talk to you about 'how to use on-chain data to accurately capture the movements of major players,' teaching you how to use tools to see through the market's truth. Follow me to break free from information cocoons and make more money in the crypto world. After all, in this market where scammers are rampant, only by mastering the ability to identify scams can one truly achieve a turnaround!
If you currently feel helpless and confused about trading, and want to learn more about the crypto world and the latest information, follow me@标哥说币
