Post
Topic
Board Altcoin Discussion
Re: How to detect scam token on Binance Smart Chain
by
mysmyle
on 17/02/2022, 17:09:37 UTC
It's helpful, thank you. I appreciate the effort of going at this length to provide warning to co-investors in BSC projects.
I have my own standards when it comes to this, and I would gladly recommend for other investors to do the same so that you won't miss a thing and all stains will be checked.
1. Team. Very important for me. But some successful developers do explain why they cannot expose themselves like a threat because their place is not in a safe environment. You would have to try another approach if you will force them to do so. i.e. video call with an agreement to not expose them.
2. Locked tokens. Be sure it is locked and the span is how it is told in the whitepaper.
3. Item/Product. What is the purpose it? Will it really have a chance to explode long term? What is backing it up?
and more...

Excellent points. Thank you very much for your contributions, they're very essential.
But can you say a little more on your second point. Especially how locked tokens is an advantage.

I love your third point. Token gets value when it have a strong use case, otherwise it will pump and dump even if it succeeds on the long run, it will need so much efforts and it'll take longer than it should have if it had a definitive use case