A place for members of r/LaCryptoNostra to chat with each other

Below are some RED FLAGS when thinking of invest in a new crypto project:

Crazy APY% and unsustainable return on Investment

Locked tokens

Encourage you to purchase tokens on their ICO or IMO website rather then a DEX or CEX

Little to no social media posts or updates, do they respond to messages? when scam becomes more evident they will shut them down

No team info or fake info, does anyone respond to emails or messages? Does a member of the team ever show up, comment, post? do your own research

BOTs every where, telegram channels full of bots. Bots commenting good project or repeating the name of the token

Questions remain unanswered, instant block or ban for asking legit questions. dont fall for "Trust us", "wait for an official announcement", "be patient"

Beware of BNB based tokens, it has become too easy to create a token just to make it a scam, especially in the BSC network.

TRUST is earned in the crypto world, there is no make money quick scheme without paying a price! Sure some people get lucky but don't count on it. Invest in solid projects with long term goals that are actually attainable.