<p>Here are 8 ways to check if it's a token scam:<br></p> <p>Start from the basics</p> <p>Begin by conducting thorough research on the token, its project, and the team behind it. Look for information about their goals, roadmap, and any red flags that may indicate a scam.</p> <p>Check code verification</p> <p>Use platforms like Etherscan to verify the token's code. This can help ensure that the code is legitimate and hasn't been tampered with.</p> <p>Review comments section</p> <p>Check the comments section on platforms like Etherscan or other token explorers. Look for any warnings or negative feedback from users who may have encountered issues or suspected scams.</p> <p>Analyze the website</p> <p>Examine the overall look and professionalism of the token's website. Look for signs of poor design, grammar errors, or a lack of clear information. A poorly designed or unprofessional website can be a red flag for a potential scam.</p> <p>Check for company reviews</p> <p>Search for authentic third-party reviews from previous customers. Platforms like Google My Business, Amazon, or Yelp can provide insights into the legitimacy of the token or project.</p> <p>Verify the seller</p> <p>If purchasing an NFT or token from an individual seller, research their marketplace account and check for verification marks. Look for other listings from the seller and search for any online reviews or feedback.</p> <p>Cross-check prices</p> <p>Compare the token's prices on different trading platforms to ensure they are similar. If the price seems significantly lower or higher on a particular platform, it could indicate a potential scam.</p> <p>Trust your instincts</p> <p>If something feels off or too good to be true, trust your instincts and proceed with caution. If you have doubts or concerns, it's best to seek advice from trusted sources or professionals.</p>