HOW TO DEGEN ? Episode 3 My redflags list 🚩 Dozens of projects are...
Hipp V@0xHippV
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Mar 04, 2024
~2 min read
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1
HOW TO DEGEN ?
Episode 3
My redflags list 🚩
Dozens of projects are launched every day, we have the choice, so avoiding projects with redflags already gives us a big edge.
Don't hesitate to give a RT and a follow to support me
Episode 3
My redflags list 🚩
Dozens of projects are launched every day, we have the choice, so avoiding projects with redflags already gives us a big edge.
Don't hesitate to give a RT and a follow to support me
2
What are the redflags for presales?
- Team that puts pressure on to invest. The best presales fill all by themselves and quickly
- Hardcaps out of all proportion. For example a 50 eth presale for a basic memecoin. Even if it's not a scam, the MC will be too high so bad r/r
- Team that puts pressure on to invest. The best presales fill all by themselves and quickly
- Hardcaps out of all proportion. For example a 50 eth presale for a basic memecoin. Even if it's not a scam, the MC will be too high so bad r/r
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- Uncapped presales.
This is often not a good sign, unless the project is really backed by very serious people.
These are the doubts I expressed on @riskonblast
And the project just scam $1M
By the way, bravo to @ManifestorDAO for fading
@AgentPrinceps had guessed the scam🕵️
This is often not a good sign, unless the project is really backed by very serious people.
These are the doubts I expressed on @riskonblast
And the project just scam $1M
By the way, bravo to @ManifestorDAO for fading
@AgentPrinceps had guessed the scam🕵️
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- Allocations that are disproportionate to size, for example 1 eth max/wallet for a 10 ETH presale
More generally all presales with inconsistent tokenomics which are not mathematically correct
Always calculate the MC, launch price, presale %, presale price to see if they match
More generally all presales with inconsistent tokenomics which are not mathematically correct
Always calculate the MC, launch price, presale %, presale price to see if they match
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- Presales where promises are overblown.
If it looks too good and you're the only one who knows about it, it's probably a scam.
- When no one you trust can certify that the team is safe, avoid it. Any serious project will demonstrate its legitimacy.
If it looks too good and you're the only one who knows about it, it's probably a scam.
- When no one you trust can certify that the team is safe, avoid it. Any serious project will demonstrate its legitimacy.
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What are the redflags on launches?
- "Soon" devs. "website soon", "lock soon" generally only means : rug soon
- Projects that don't take their time
- Poor-quality logos and websites. If a dev spends time, it's less likely to be for a fast rug, even if there are bad examples
- "Soon" devs. "website soon", "lock soon" generally only means : rug soon
- Projects that don't take their time
- Poor-quality logos and websites. If a dev spends time, it's less likely to be for a fast rug, even if there are bad examples
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- Twitter accounts with many followers but few interaction. They are often botted or recycled.
To check whether they've been recycled, there's the Manifestor bot or @alphagate_io
A legit project has no interest in having bots
To check whether they've been recycled, there's the Manifestor bot or @alphagate_io
A legit project has no interest in having bots
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More specifically on new pairs :
- Tokens without max wallet/max buy, with fake volume (many same amount buy/sell)
- Weird initial liquidity figures, like 0.799 ETH.
Usually a serious project has a defined amount, such as 1 ETH, 2 or 10 eth
- Dev who buys his own token :
- Tokens without max wallet/max buy, with fake volume (many same amount buy/sell)
- Weird initial liquidity figures, like 0.799 ETH.
Usually a serious project has a defined amount, such as 1 ETH, 2 or 10 eth
- Dev who buys his own token :
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- "To ze moon" communication from the team
Emoji like 🚀, the team that talks about token price, "next x100".
These are all bearish signs. A serious team will focus on the product, not the price.
Emoji like 🚀, the team that talks about token price, "next x100".
These are all bearish signs. A serious team will focus on the product, not the price.
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Here we are, those are my redflags, which allow me to focus on more serious projects. I must have forgotten some, so don't hesitate to give me yours.
Thanks for reading.
A small follow, RT or like is always appreciated. Have a nice evening 🙏
Hippo 🦛
Thanks for reading.
A small follow, RT or like is always appreciated. Have a nice evening 🙏
Hippo 🦛
