Post
Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
steampunkz
on 28/07/2021, 02:13:48 UTC
Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Many altcoins today are almost becoming Scams or shitcoins. Few are only capable of going in the 100x on its current price unless many Developers, investors, or members are supporting it 100%. But there is still the project that has great potential. Examples are promoted in Legit and famous Exchanges sites. Sometimes they run ICO, IEO, airdrops. Also, try Defi when you can gain coins, tokens by staking funds.