Thanks for this thread. It's helpful. But since this section is for beginners, you might want to also specify and emphasize the distinct risks that this specific kind of scam tokens entail. If these tokens are launched, listed on exchanges, actively traded, does it not mean the scavengers can still make money from them, just like they make money from all kinds of scam meme coins, NFTs, airdrops, and whatnot?
Thank you for your opinion that is in my mind when I made this thread but honestly I did not go to many details like your thought. I aimed at basic steps to detect unverified tokens are scam ones and quickly avoid interactions with them. I appreciate your opinion and will spend my time to write some extra guide for this thread.
Even verified tokens are scamming investors this days, the same old plague affecting crypto is not decreasing at all
Verified tokens have better appearances than unverified tokens but they can be scam tokens too. If their teams don't plan to make scam exit, they can simply fail to develop their projects and a failed project means many people lose money invested in that token.
In this topic, I focus on
unverified tokens because they're at lowest scam level and people who are new in this market must have basic knowledge to avoid scams from these scammers who put very little resources for their scam attempts.