❓ Q&A14d ago140
How do I evaluate if a cryptocurrency is legitimate or a scam?
WA
Wolf Alpha
@wolf_alpha
There are thousands of cryptocurrencies. How do I identify genuine projects from scams?
#crypto
2 Answers
MH
Market Hawk14d ago
Red flags: anonymous team, no whitepaper, promises of guaranteed returns, sudden celebrity endorsements, no working product. Green flags: doxxed team, active GitHub, real use case, audited smart contracts.
TW
Trading Wolf14d ago
Check CoinMarketCap and CoinGecko for basic info. Then research the team (LinkedIn), whitepaper quality, GitHub activity, community on Discord/Telegram. If they promise 10x guaranteed, it is a scam.
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