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?
It might be difficult to identify scam projects. Some projects are true projects but no enough funds to continue development then exit the project. Some project has fully funded to start the project and listing on good exchange but at the end is a scam in various pictures. In order to avoid scams, should observe project development progression for a specific period. Check project team, direction and roadmap. Those requirements are passed then try to invest with minimal funds for risk mitigation.