How to DYOR and stay away from Ponzi schemes?

What is a Ponzi scheme, and how do they work?

The tell-tale signs of a Ponzi scheme

  1. There is no whitepaper.
  2. A sloppy website and a disorganized whitepaper
  3. The absence of a road map
  4. The background of the team is unknown.
  5. There are no specified target audiences.
  6. There are no clearly stated use cases.
  7. Too much hype and inadequate material
  8. Outsourced developers
  9. Ineffective tokenomics
  10. Inappropriate social media behaviour

How to DYOR in crypto?

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