SAYLOR With thousands of projects launching each year, due diligence is essential. Here's a structured checklist.
Research the project
- White paper — Does it describe a clear problem, a specific solution, and a credible technical approach? Vague or copied white papers are red flags.
- Team — Are the founders and developers identifiable, with verifiable track records? Anonymous teams aren't automatically bad, but check if they've delivered before.
- GitHub — Is there active code commits? A dead or empty repo on a "tech" project is a major warning sign.
- Community — Look for genuine discussion, not just price hype. Telegram/Discord with bots and paid shills are common in scam projects.
Tokenomics red flags
- Team holds a very large % of supply with short or no vesting
- No clear use case for the token within the ecosystem
- Minting functions without a cap or meaningful governance
NFT airdrop safety
- Only claim airdrops from official project channels
- Never enter your seed phrase to "claim" anything — legitimate airdrops never require it
- Verify the contract address on the project's official site before interacting