Hello everyone, I'm interested in the issue of checking projects and tokens.
There are many projects and each shows users big plans and ambitions. But as practice shows, not all projects keep their word and people often lose money by investing in the wrong project.
Recently I came across a project that was created to solve this problem - CheckDot. They have a nice strategy for checking and verifying projects, which seems to be useful.
What do you think about this problem and what solutions do you see?
The best way to avoid scams on Ethereum and other compatible chains like Polygon and BSC are to invest in mineable tokens with no premine, ICO/IDO, or dev wallet, like 0xMonero. Unlike 99% of other projects, there is no way for the team to dump on you or exit scam because they do not control the supply, miners do.