Victims, who bought tokens/coins of a scam project, remain with tokens/coins of the project which do not have any value after the scammers left the project (rug pull).
DAO projects should commission audits before the go live of their smart contracts.
M02
Check smart contract
Investors with an affinity for technology should check the lines of code of the smart contract on their own before investing.
M03
Check token contract
Investors should check the contract address of a token before buying it on a decentralized exchange to avoid buying a fake one.
M04
Collect information on new projects
Investors should collect as much information about a project as possible before investing.
M06
Check (NFT) collections before buying them
Investors should check the genuineness of a collection or token before buying, even if they were linked by a proven source.
M09
Check token liquidity
Investors should check the liquidity in the balance pool of a token before buying it (e.g., on Uniswap V2 or 1INCH).
M10
Check apps
Users should check apps before downloading them. This can be accomplished by checking the download rate of the app in the app store as well as by analyzing available user ratings (beware fake ratings!).
M14
Double check too good offers
Investors should double check offers which seem to good to be true, even if posted by a celebrity or influencer.
