Protect Your Investment: A 4-Step Guide to Spotting Scams

Protect yourself from crypto scams with these essential checks:

1. Do your research

Verify the legitimacy of the project through:

- A working product (alpha, beta, or testing)

- Real-world evidence and use cases

For example, Grass, a blockchain-based protocol, provides an auditable system.

1. Know the Team

Doxxed (publicly identifiable) teams are more trustworthy:

- Verify experience and credentials

- Undoxxed teams can be suspicious, especially with other red flags

1. Beware of unrealistic promises

Beware of:

- Advertising "Next Gem x100" or "Time-limited Offer"

- Unrealistic profit promises

1. Evaluate contributions

Legitimate projects:

- Control investments for even distribution

- Set reasonable contribution limits

Red flags:

- Unlimited contributions

- High limits per person

Stay vigilant and protect your investment:

Do thorough research

Verify the team's credentials

Beware of unrealistic promises

Evaluate contribution structure

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