1. Check whether the project is innovative, its competitors and general market. SWOT Analysis
2. Check the registration date of the domain name (https://whois.domaintools.com/), older registrations are sometimes more trustworthy.
3. Website created with WIX, Wordpress...
Telegram
1. Check the general flow of communication between and if there are any reg flags with respect to contradictory information.
2. Have you seen the same mods in other Telgeram groups which were scams.. if so, be very careful.
Twitter
Check the general flow of conversations, the number count of followers, date of registration and whether any well known scammers are promoting the project.
Discord
Monitor the flow of conversations and check if there is anything untowards, in addition to valuable information and the general vibe of the community.
4chan
Identify any positive/negative threads associated with the project, founders, product…
Take into consideration that some content might be there to create fud, so may not be meaningful.
Reddit
Identify any positive/negative threads associated with the project, founders, product…
Take into consideration that some content might be there to create fud, so may not be meaningful.
LinkedIn
Verify the doxxed team members are on LinkedIn.
Product
No Product
Decided to launch without having any project, I would be slightly concerned with the longevity of these projects.
Product on Testnet
Done enough work to have a product, important to check whether it has any USP and added value.
MVP on Mainnet
The team has done sufficient work to get a product on the mainnet, the next steps involves acquiring clients.
Live product on Mainnet with clients
Builds more confidence when you have an existing project with real customers.
Presale
Bounce Finance
Ensure that the project uses a reputable platform to accept presale funds. Do not send funds to a normal eth wallet.
Lid Protocol
Whitelist
Company Locking Liquidity
Team/Unicrypt
Make sure there is a dollar value locked, not just with tokens.
Unilock
The longer the tokens are locked for the better. Be weary of funds only locked for less than 3 months.
Tokenomics
Tokenomics
Check the token distributions, unlock times and emission rates. There are red flags if the team (it might even come under ´Marketing´) receives a large percentage of the tokens and fully unlocked within the first 12 months.
Chain Details
BRC20 - Minted/Limit per mint
ETH
BSC
ARB
Partnerships
Chart and Etherscan/BSC Scan Links
Team, Dev and Marketing Tokens Locked
1. Clarify whether the Team, Dev and Marketing Tokens are locked for a certain period.
2. A lot of these ´Stealth Launches´ has the dev holding multiple wallets with significant tokens or an early buyer.
Smart and Staking Contract Vulnerabilities
Potential vulnerabilities;
Infinite minting
Anti-rug pool functions
Minting Exploits
Liquidity pulled
Contracts behind proxies
Transfer Allowlist
Owner tampering
Backdoor library
Staking - be careful with projects that offer high APY´s it is not sustainable
Blacklisted Wallets
Check the Rug Detectives blacklisted wallets doc to ensure the project you´re interested in were not created by a scammer.
Auditors
RD Auditors
Conduct some checks to verify who audited the smart contracts and whether it was a reputable firm
Certik
Chainsecurity
Solidity
Repository
GitHub
Ensure that there is relevant code stored in one of the repositories which has been updated recently by at least one developer.
GitLab
BitBucket
Azure DevOps Services
GNU Savannah
CloudForge
Extra
Reading material
Risk Management
Entry Price
Amount Invested
Target Price and Why
Result of the trade (profit/loss) and what would you change next time
