How Can You Avoid Getting Burned in Crypto?

[mendez]

Q: What are the biggest red flags before buying a token?
Watch out for anonymous teams, no real product, unclear token distribution, and lack of audits. Projects like SLERF and QUANT show how quickly things can go wrong — whether by mistake or intent.

Q: Does transparency guarantee safety?
Not always — but it helps. Some projects, like USELESS, were upfront about having no utility. Ironically, that honesty made them more predictable than projects pretending to be something they’re not.

Q: What should you do before investing?
Do basic due diligence:

Who built it?
What problem does it solve?
Is there real usage or just hype?

If you can’t answer those clearly, it’s probably not worth the risk.

[bonk]

long-term success in crypto depends less on chasing trends and more on disciplined evaluation of fundamentals