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 once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.