evry day in cryptocurrency so many projects are lunching and 70% are scammer. how to know abut real and legit projects to invest
There are certain factors and criteria that you need to assess before saying that it’s a legit project. However, nothing in this world is promised or guaranteed. It’s crypto, so don’t expect any guaranteed or promised returns.
Anyways, here are the following:
1. Whitepaper
2. Team (verified LinkedIn accounts and their historical background)
3. Audit certification (CertiK)
4. Years of locked liquidity
5. Percentage of top token holders
6. Anti-whale (limiting the max number of token holdings per wallet)
7. Anti-dump measures (limiting max transactions)
8. Social media activity and community response
However, this is still important for us to do DYOR and risk management whatever coin or token that you are investing or trading.