How to Assess a Memecoin and Not Get Scammed ;)

[bittick]

verifying that the smart contract code doesn't give the devs authority to make some rugpull is one thing but finding out meme coin that actually have the potential to become next shiba is another thing and it's most difficult, i always have the idea that meme coin is always luck based.

[Magic-Money]

Thank you for sharing the information, because I have made many mistake buying meme coin's that dump, with the information, at least the risk of investing meme Coin that we quickly dumped maybe reduced, not to patronize scammed project.

[carrie_white]

thank you for wanting to help share very important information about meme coins so you don't get scammed, because this is very important especially for newcomers to the crypto world to avoid FOMO

[abel1337]

This is great! Following OP guide how to avoid scam tokens is very helpful. To be honest, I don't know some of the websites that are mentioned in the OP. This is a must guide in buying a meme coin as honeypot tokens are greatly increasing nowadays since scammers are utilizing it and the way how to know if it is a honeypot token is still not a common sense. OP had been fooled by this kind of scam even his a veteran on cryptocurrency, What more about newbies who just started on crypto. I'm imagining the casualties of this method of scamming. This method of scamming should be popularize as well as the guide that OP made.

This will tell us scam is impossible to stop because even experienced traders/investors have been fooled by them, how much more for those who have not.
In fact, we have a lot of tools detecting scam projects but still, many scam projects pop up in the market and have been enjoyed by the community.
The safest way I see to avoid getting caught by them is to invest only in those projects that have already been tested, those projects that already have results. Dogecoin and Shiba Inu are popular among meme coins, they are worthy or not but a good choice compared to others.

No one is safe. If this kind of scam method is well known to everyone, I'm pretty sure that scammers will find another way or create new method of deceiving people with the help of cryptocurrency. Scammers can't be stopped and I believe that they will exist as long as they can. It's just crypto is one of the hub they chose because of the nature of it of being anonymous and undiscovered ways to fool people. It's hard to lower your guard even if you know or aware of past scam projects to be honest since scammers are everywhere and the trend which can be a way to produce a great profit is also the one that is being targeted by them. It would be nice if we have a channel here for advices or guides like this. It's really helpful and can possibly attract new members to join this forum.

[mirakal]

Thanks for sharing this information and I find it very helpful. There's a popular saying that once beaten twice shy. At some point some of us have been a victim of such tokens and sadly we have learnt the hard way. It is very important that we always do due diligence before commiting our funds into any project.

If newbies learned their lesson after suffering a single negative experience investing in meme coins or some other altcoins I would consider that to be a good thing and the money lost as the price needed to learn that lesson, unfortunately many newbies need to lose many times and waste all their capital before they learn this lesson, and this is sad as even if at that moment they finally have the common sense necessary to stay away from meme coins, it does not matter anymore as their capital has taken a brutal hit already anyway.

We cannot really avoid these things from happening because sometimes, it's not just the beginners or novice that keeps on making these mistakes of seeing meme coins as a profitable coin, even the regular ones or have been already in the crypto world for long now are still engaging in meme coins. The said fact is, it's not that they don't know the risks of these coins, it's just that they are willing to take those risks mentioned in the hopes of riding the wave when the whales started moving again.

[tokeweed]

Really appreciate those guys who dropped by itt and said thank you.  It feels good to know that I at least helped some of you in some way.  I'll be making more threads like these, aside from the airdrop threads, and hopefully they help many of you guys make the right decisions and make some money off the market at the same time. 

GL on your trades guys.