/biz/ - Business & Finance

As you all know there are multiple DEFI projects coming out the woodwork every minute. YES THEY MAY PUMP.
But you need to be careful.

Let's help each other by providing tips for anons to stay safe and not get rug pulled

BEFORE SWAPPING YOUR VALUABLE ETH ON UNISWAP:
>check the website
Broken or poor english? Get out. Read the "whitepaper" whatever it is, does it seem genuine? Do they offer anything new or is it simply replicating 100 other tokens.
>check the team
Can't stress this enough, are they anonymous? Is there no team visible at all? They may even have fake pictures with fake linkedin profiles. Do your due diligence. Personally I avoid chinamen, indians and eastern europeans though you can still get SCAMMED by white men.
>check the supply
What is the circulating vs total supply? Completely fucked? Check the contract, are the remaining tokens locked? If not, get out. Team can dump at will.
>check the telegram
Who's posting, who's sharing? Is everyone a moonboy or only talking about price and not features, get out. Do the "admins" or "devs" mention price? Huge red flag.
>check /biz/
Okay, you've seen a post on /biz/ about a new token. What do the first 5-10 replies look like? All different IDs praising the project "hidden gem" "easy 5-10x from here", "next LINK" etc. Get out.

Feel free to add your tips, remember we are all in this together.

>>21375121
that's what separates us from you, chang. The faustian spirit, to reach for and accomplish impossible goals beyond mere monetary ends--to discover, explore, and create for their own sake. https://www.youtube.com/watch?v=v1E1M2dVclA