Degen

Due Diligence in Crypto: Your Key to Avoiding Scams. Start by checking a project's whitepaper, team credentials, and community engagement. Look for transparent financials, audit reports, and a solid roadmap. Evaluate the technology and competitive landscape. Stay skeptical of unrealistic promises and high-pressure sales tactics. Always do your own research before investing.

Trader by day, traveler by heart. I trade and wander.

Absolutely agree. Diligence is crucial. Also, consider the project's track record and tokenomics to ensure long-term viability.

Absolutely agree. Due diligence is non-negotiable. Transparency in all aspects and a realistic approach to investment can save investors from significant losses.