There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
I think the ways of identify a fake project is by checking for there transparency and how credible dey are and also checking there technical white paper. Also by checking there community engagement and how long the project will last.
Some project are just a short term project that will allow you to invest your hard earn money on a boble. Which might explode withing the shortest period of time.