A must-see for beginners! I’ll teach you a 'worthless coin avoidance technique' that can help you judge in 3 seconds whether a project is worth touching. Tested and effective, it helped me avoid at least 10 scams!
When I first entered Web3, I also fell for the loss of worthless coins. At that time, I saw others saying which projects could rise, so I followed the trend without looking at any white papers or team information. As a result, within a few days of investing, the project team directly ran away with the money, leaving me with nothing. Later, I summarized that screening projects doesn’t need complex analysis; just grasp three core points, which I call the '3-second screening rule.'
First, highlight the key points; if any one of these three points is missing, pass directly!
First, see if the white paper clearly states the 'pain points'. Many air coins' white papers are filled with grandiose terms like 'metaverse ecology' and 'decentralized financial revolution', but when asked what practical problems they actually solve, they are vague. Such projects should be passed over directly, as they are likely to be scams.
Second, team information must be verifiable with real names. Would you trust a team that doesn't even dare to show their true faces with your money? A team that truly wants to do something will disclose the backgrounds and past experiences of its core members and accept market scrutiny.
Third, the code must be open source on GitHub. Open sourcing means the code is transparent, and everyone can check for vulnerabilities or backdoors. If a project is afraid to open source its code, it is likely preparing to scam and run.
Now, I screen projects based on these three points; I can get results in 3 seconds, which is efficient and helps avoid pitfalls. Remember, in Web3 investment, avoiding risks is more important than making money. Follow me, and tomorrow I will share 'how to determine if team information is genuine and reliable' to avoid being fooled by fake teams. After reading, remember to like and save to prevent losing it later! If you currently feel helpless and confused about trading, and want to learn more about cryptocurrency-related knowledge and cutting-edge information, follow me@Square-Creator-aa01419647e18
