Scams and rug pulls has been thriving nowadays, and here's how you're going to avoid them๐
1. Go to contract and check if token is liquid, otherwise, you'll end up buying and not being able to sell.
2. Check contract, and make sure liquidity is burned or if not, it's locked.
3. Make sure no one has access to the contract. Token migration often creates major loss to the investors.
4. Make sure that all tokens are minted. Imagine if you bought a token today, but then the next day the devs minted 90% of it. In that case, your investment will be negative 90% in an instant.
5. Make sure it's whale free. Check the contract and avoid tokens where a single or at most 10 holders hold more than 20% of it.
6. If a holder is holding 5%-19% of the token, check if he or she is actively buying and selling. If positive, avoid it. However, make an exception if the holder is an exchange.
7. Check on the developers individual profile. Avoid those that has a history of scams, crimes, and bad deals.
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