How to tell if a DeFi contract or crypto company is a scam.

1) During a video call, somebody is vaping 2) During a video call, the vernacular of the founder is composed of “bro” and “let’s go” 3) The founder(s) all call themselves the “devs”, but have no idea how to write a basic smart contract 4) The words “fair” or “for the people” are found in the marketing literature 5) The founder(s) don’t look like Vitalik 6) Your barber or Uber asks / mentions the currency 7) The Instagram influencer you’ve been following suddenly puts “crypto investor” in her profile and mentions said currency
Check this list before pressing that buy button.
Do this first before yoloing your life savings. Do this before you even think about buying that coin after a long days work at McDonald’s. Do this before quitting your job. I promise you Logan Paul isn’t releasing something to the public to make the average joe rich.
(Add to the list!)
submitted by /u/frostcrypto
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