There are too many different tokens, but some of them do not have any practical use at all. So it is very important to evaluate the future potential of the coin not to lose money on investment.
Now DeFi products are popular and will be in demand tools that give the easy access to DeFi products like this
https://twitter.com/EarnFinance2/status/1500840433546510339Usually scams appears when cryptocurrency market rise and cryptocurrency very popular.
But when cryptocurrency market falls people lose their interest to cryptocurrency and stop investing in cryptocurrencies.
Scams usually offer more profit and better conditions. The conditions in scams usually so good that many people prefer to invest money in scams but not in good and prospective projects.
Very often prospective projects are not able to offer such conditions like scams can offer.
Think about how so we can assess and see if the token is fake.
Did he also work with a project that scammed into producing worthless tokens Or indeed they only make tokens.