Are you guys also a victim of a rug projects like me i am now fed up with the meme coins specially on solana most of them are rug and the projects who reach to millions of Marketcap is really hard to find and when i found them those coins already at their ATH. Tell me how could i found the legit project and how i can make profit because from the last 1 year i lost a lot of my hard earned money in the scams recently i look into a project called ghost face and they claim that ghost face is a meme killer and for the users security there are no team tokens all tokens will go into the LP so what you think ghost face is a legit one or not give your honest opinion on this.
Web: https://ghostface.fun/
Web: https://ghostface.fun/
Ho do you do your DYOR?
Most people invest blindly hoping for 1000X because some influencer shilled a project where either got lots of money or is part of the project, but not on paper.
How many of you verify the team?
For our project Zesh Apps, we have the core team with LinkedIn profiles on our main page.
Do you do a deep dive? Check Litepaper, Roadmap, past announcements, mentions on different social media? How old is everyhting and so on?
If you do all of this, the only concern could be that the business doesn't work as expected to cerate adoption and make money to cover the expanses. But if you know basic business you will realize soon that many of new projects don't have a solid plan and just play with the numbers
As long you do a proper DYOR + Diversification it should be fine.
Remember, even legit projects could fail, or rugs could go up, with experience you will learn the red flags and when to get out.