Most of us, enthusiasts of new projects and technologies on blockchain always looking for something inspiring and creative in this space.
I want to share some insights of how actually find trustworthy teams and projects as no doubt every one who gets in to DeFi first they faces a beautiful websites and a big promises - finally falls in to it and in many cases loosing hard earned money. So here you go:
1. Always look for already developed utility, even before the pre-sales start. No mater it is huge or not - it should be there and ready.
2. Look for the team KYC and contract Audit from the trusted companies.
3. Check if the project has a legal entity.
All these 3 points together makes any project trustworthy.
All the best,
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