Scams, in all their colorful forms, are, unfortunately, a common occurrence in the blockchain world and Cardano, no matter its technological greatness, is not immune to their presence.
As the creators of a fully open, community contributed ecosystem map, Built on Cardano, we see our fair share of scams and put in the due diligence every week to research new listings and catch scams before users fall into their trap.
In that time we’ve acquired a good understanding of what to look for when assessing whether a project legitimate or not. That has led to the creation of this blog post detailing The 9 Crypto Red Flags.
If you have any additions or ideas please contribute them below!