Time has changed, and scammers change their scamming method as well. Most scammers have used fake photos and plagiarized websites previously. But now a lot of scammers scam with the real photo or KYC. So investing in a brand new project become gambling. It's because it's no more easy to detect scams nowadays. Scammer rugging investors with KYC or real team photos/video. They don't care about anything. Who can take action even if they skip with funds? Who will find them? They just raised funds and enjoy. After a few days, all investors forget about it and start new gambling.
So how to detect smart scams? To be honest there is no way. Whether the project has KYC or Audit doesn't mean it's safe for a team that isn't a scammer. They just don't care about everything.
Although we can't prevent scams we may try at least to save our funds. Here is how.
1. Don't invest in a brand-new project.
2. If you invest assume you are gambling with your funds.
3. See if the project has live utilities which are fully functional.
4. Don't believe the KYC report, because there are a lot of people who sell KYC.
5. Check the project's Partnership and verify if it's real and potential.
Once again, don't invest in the brand new project.