Consumer Crypto

Doing a research. What do you want to know about a coin when it launches that will help you decide if you want to buy it or not?

Here is what I got so far;
- creator follower numbers greater than 5k
- creator has a neynar score > 0.75
- the coin description is funny (subjective)
- the coin has utility

Anything else?

DeFi maxi. Building @basketdotfarm on @base.

None of those things are as important as being as certain as possible it’s not a scam

product marketing lead @espressosys // prev marketing @gauntlet @coinbase @darkblock // 10+ yrs in biz journalism // dad x2 👨‍👦‍👦

How do we know if something is spam or not... at the launch time??

If one Honeypot is detected, hackers will build another Honeypot. It's a forever cat and mouse game.

Same with new wallet creations. It's easy to create and destroy.

I’m not a dev, nor a security expert, but can’t contracts be quickly audited to ensure it’s not a honeypot? Also checks can be made to see if the associated X account has been repurposed for past projects, dev’s wallet hasn’t deployed past rugs, largest balances aren’t held by dev-associated wallets, etc.