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?
I think the steps that must be learned to avoid scam projects. The first step is to find the website because from the website we can get a lot of information we need such as whitepapers and others. Next we have to make sure that the smart contracts are theirs and not a clone of other altcoins. and look for other information through social media such as telegram, twitter, discord, medium and others to be able to ensure that they really make updates about the projects they are running.