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How to recognize scam coins?
While there are 101 ways to rugpull and scam people, I'm going to lay out one of the most obvious ways in this thead 🧵 Read on :-)
While there are 101 ways to rugpull and scam people, I'm going to lay out one of the most obvious ways in this thead 🧵 Read on :-)
Using @oklgio's brand new product #Alpha as a Service, stumbled on this new contract with a pretty big liquidity add. A good amount of liquidity -can- be an indicator of a legit project, but this is no guarantee as you will find out later in this thread.. 
First I used a quick #honeypot check on the page to see if the coin in question is buyable and sellable, it passed the test. It would be a big red flag 🚨 if this test failed, meaning the contract prevents selling the coin.
