How do I know if an altcoin is a scam?

[Ucy]

A decentralized and safe shouldn't have developers privacy right violated through doxxing or something that.  You could ask those who wish to remain anonymous to voluntarily verify their true identity in a way that does not compromise on their privacy/anonymity right. This should be the Right Practice in True Cryptocurrency rather than resorting to activity that could put the cryptocurrency project at risk.
I think the doxxing part makes it abit challenging for me to offer advice on the project security. The project could be considered already compromised in certain situations. 

[UKprod]

Some questions that you can ask:

• Whether the entity is registered legally?
• Whether the entity is regulated in its country and whether your own country would be able to enforce your rights in such country?
• Whether there are real people behind the project and what are their credentials?

Further, some of the red flags include the following:

• Promise of guaranteed return or high returns
• Promise of regular income
• Something that is too good to be true
• They ask for your money before they actually start the project

[Yamifoud]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Most of the scam projects offer huge returns, easy money as what we called it. Greedy people usually got fooled and caught in their trap that is why it is a need for us to make some search before investing and we don't need to rush because of those offerings as in the end, you only make yourself as their prey.

What you have to do now is to have some market observations and since you are new to crypto, you just invest those coins that are already listed to exchanges, not these new projects that have no working products.

[kesmex]

It can't be fully precised, but you can do research, scam projects also have characteristics, such as no seriousness in project development, teams with no profile picture, minimal information, too closed.

but nowadays there are many new projects like that, and the results are beyond reason!,
a trend like this is called the meme coin trend, of course this is like gambling,
if you buy a meme coin at random and the result is a pump then you are lucky,
but if you buy meme coins then dump, yes that's the risk.,
to be honest this year it's a scammer and it's not very difficult to distinguish

[iTradeChips]

There should be tell tale signs that an altcoin is a scam. Based on my experience, it should be the flowery promises of big profit, the marketing hoopla that you can see on their websites, the social media. They give out all to easy rules on how to join and how to "invest". Maybe give you some perks or two along the way, but of course it will take a few months until you will feel the slow progression of their malicious intent. Just don't fall to those "get rich quick schemes" you see on the Bitcoin boards and forums.

[sulendra12]

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

If you are asking the questions to the team and they are probably only saying good stuff to you, to make you feel encouraged to invest into their project.

The best thing you have to do is just search the background of that project by yourself, like the team, roadmap, what they offer etc. If we had known which projects to bet the next 100x token, then we would have been really rich right now and people start investing on the same project.

[speedy963]

The best advice for a beginner like you(since you kinda give that kind of vibe) is to put off investing on startups first and try to invest on well established altcoins instead while reading more about this industry so you can get a feel of this industry without having much risk while improving your knowledge and experience. Then when you manage to know a bit more and feel quite confident, you can go and start small, then gradually increase your capital per investment till you get the hang of things. But for now, steer clear from startups.

[1l1l11ll1l]

If you try to find 100x tokens, forget it, you're just wasting time. Investing doesn't necessarily make you rich quick. there must be analysis and calculation to get the profit you want, and maybe a little luck. btw, back on topic. don't believe what they say easily. you can try to check it yourself. if they promise to have a good use case, you can try checking their product, if you feel their product doesn't match what they say, then that will be the first red flag. You can also take a look at their github repository, if they are really a good project, they must have qualified and active developers

[Kez1817]

To know if altcoin is scam, visit their website and study the white paper, know the team behind the project  and other important details regarding the project. Also, don't invest if you hesitate about it. It is still better to invest those altcoin which already have a strong foundation in crypto market.

[Impostume]

First of all i think you should not invest in a thing that you don't understand. Secondly they need to prove that the project can solve a real problem and you need to know the CEO of the project has done good things on other projects in which he has been involved. Thirdly try to read and read more about that project.

[sapnu]

You can learn about it right away through reading the team's white paper and monitoring the price movement of their altcoin. You should also learn about their schemes like the offer or the expectations they are giving with regards to their coin. Also you can try searching for the top altcoins at the moment so that you wouldn't have to waste your time anymore risking on a new or unpopular altcoin. It would be safer that way and it could be more beneficial if ever the coin suddenly gets more successful over time.

[devil2man]

it is not possible to know in advance if an altcoin / project will be a future scam unless there are already many negative reviews on sites such as trustpilot or similar sites of other users who have already tested it, otherwise you have to do your own research and see if the altcoin has large volumes on exchanges, which use it can have in the sector and if there is an experienced team behind it

[xiboothrezi]

Op said that he is still new to this ecosystem, to avoid the risk of being caught in a scam it is better to choose a coin or token with a high rating in the market. Moreover, scammers are getting better at hiding their lies, newbies will definitely be easily provoked.
Never invest your money in something you are not familiar with. and make sure you know the risks, must be prepared to lose.

for project-related questions, try asking what the project's advantages are compared to other similar projects.

[asriloni]

You should never believe with any claim that created by those scammers. If that was having a solid product and it must be popular right now. If the fact was saying the opposite thing and then you must be careful with it as it's potentially to be a scam project anytime. You should ask about the audit for the code. Even when the dev said that if LP locked and it can't be trusted.
You must be careful with any new project. This is a new project and it has a very big potential to be another scam project.

[DarkDays]

Some questions that you can ask:

• Whether the entity is registered legally?
• Whether the entity is regulated in its country and whether your own country would be able to enforce your rights in such country?
• Whether there are real people behind the project and what are their credentials?

Further, some of the red flags include the following:

• Promise of guaranteed return or high returns
• Promise of regular income
• Something that is too good to be true
• They ask for your money before they actually start the project

Yes, there are the questions above that one should be mindful of when considering looking at a new alt coin, and additionally, looking at its trend on either dextools (ETH-based coin) or pancake swap to see what the activity of that coin is. From there you can see if anybody sold out (there are some alts where you can only buy not sell - this is obviously a scam), you can also check for the amount of each pooled pool and what the trading volume is. Altogether, these should point anybody in the right direction

[bahagia93]

First of all i think you should not invest in a thing that you don't understand. Secondly they need to prove that the project can solve a real problem and you need to know the CEO of the project has done good things on other projects in which he has been involved. Thirdly try to read and read more about that project.

A very smart solution, because most people in the past directly ate the talk of the project developers so it was so easy to be deceived by the project developer, now so that it doesn't happen again, then the points you said I think need to be implemented on every new project we see.

[Dewiana]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

To see scam alcoins, we check Domain's active period
because the scam is deceiving so that you can quickly get a short life and the domain used is not long

Live Chat that is never active, Has unreasonable promotions, and evidence of fake payments

[CaptainCrapper]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

Before investment any project need to read rules at fast then need to write wheetpaper rules then you have to take decision of investment.

[herurist]

maybe one of the best things is that you look before you buy the coin and don't be in a hurry because you're greedy besides don't buy a new coin if you're not sure.
and if you want to buy maybe coins that can be trusted only because there are lots of shitcoins hanging around here.

[LimLims]

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

There is a huge difference between tokens and altcoins.
There is no chance of getting scammed when you buy or hold an altcoin, yes if you buy a token, then yes high chances is there that you might get into losses.
Moreover for a better clarity, coins that are listed in popular exchanges are considered to be scam free.
And now if your question arises, which altcoin to invest in exchange, then my advise is to go for the coin, which has big marketcap.
If any questions if you have more OP, then do ask me.