To avoid falling victim to scams in the crypto world, here are some things to look out for:
Beware of projects with really high fundraising goals for meme projects. Be suspicious of presale end times that are longer than one day, unless the project has already proven to be trustworthy. Avoid projects with a softcap that is less than half of the hardcap. Also, be cautious of projects with a higher DEX listing rate than presale rate, or a DEX listing rate that is half or less of the presale rate.
Read the whitepaper or litepaper carefully. Look for technical analysis and a clear use case instead of flashy marketing-speak.
Check out the team behind the project. Look for information on LinkedIn or if they have been involved in other projects before.
Check if the project has a professional online presence. Scammers usually aim for low-cost and high-yield projects, so their websites are usually rudimentary or recycled.
Look for active community support and voice and video chats. Scammers avoid active community support because of the sustained scrutiny it brings. Ask hard questions to clarify any doubts you may have.
Use web resources like "scan.coredao", "bscscan" or "etherscan" to investigate projects for possible rug pulls. Check the number of tokens in different wallets using to identify possible big dumps.