NFT scams are getting creative. Here's what to watch for:
**The Red Flags:** - FOMO pushes ("Buy NOW or miss out") - Vague whitepapers & ghost teams - Promises of insane returns - Fake marketplace clones
**Common Moves:** 1. Fake projects with "exclusive benefits" 2. Knockoff marketplaces selling phantom NFTs 3. Ponzi schemes paying early buyers with new money 4. Sketchy socials pushing hype
**Don't Get Rekt:** - Dig into the team & roadmap - Check licenses & community reviews - If you don't understand it, don't touch it - Vague promises = red flag
TL;DR - If it sounds too good to be true, it probably is. DYOR before aping in.
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NFT scams are getting creative. Here's what to watch for:
**The Red Flags:**
- FOMO pushes ("Buy NOW or miss out")
- Vague whitepapers & ghost teams
- Promises of insane returns
- Fake marketplace clones
**Common Moves:**
1. Fake projects with "exclusive benefits"
2. Knockoff marketplaces selling phantom NFTs
3. Ponzi schemes paying early buyers with new money
4. Sketchy socials pushing hype
**Don't Get Rekt:**
- Dig into the team & roadmap
- Check licenses & community reviews
- If you don't understand it, don't touch it
- Vague promises = red flag
TL;DR - If it sounds too good to be true, it probably is. DYOR before aping in.