Introduction:

You don't have to worry about scam projects available on Pinksale

Now with Token Sniffer our problems are over!

You just have to use the evaluation of the website to get more knowledge if the token/coin has a malicious contract address or not.

How to use the website?

It's simple!

You only have to copy/paste the contract address of the token/coin and wait for the evaluation score, if the token is a scam it will have a bad score with a lower number.

If you want you can research your token/coin in other website, named: Is this coin a scam

Additional note: Another cryptocurrency tool that can be used to avoid malicious contract addresses and run away is: Kyberswap but through this one, you can research in different projects, and different Exchanges too.

What are other ways to detect a fake cryptocurrency/NFT project?

If you don't wanna follow any of the ideas mentioned here, I had write below other new ideas on how you can detect a scam project:

1.  If the project is a scam, all the team members will have one NFT image in their Telegram group without their identity;

2. If the project is a scam, the Pinksale description will sound too good to be true don't fall into fake promises of stablecoin dividends of 10% per month because this is impossible during this bear market. If something sounds too good to be true have more than a 90% of chance it be fake;

3. The project will be a copy of another big project, they will try to use the popularity of one project that has already successful results;

4. Always use your own research based in books, global analysis, and other technical things to realize if the project is fake or not, remember to follow all the social media pages of each one of the projects that you're investing your money, especially Twitter and Reddit;

5. Read different reviews from different sources to shape a new horizon in your perspective about the project in which you have invested your money on it;

6. Research for people that have already been scammed before, learning new things from our experience is always good but learning from others' mistakes is even better;

7. NEVER send your 12 seed phrase to anybody, don't matter what they say this specific project doesn't want to make good deals with you doing that.

Conclusion:

It's impossible to be invincible in something, don't matter how much you have studied you always have something new to learn from it. 

With that new knowledge about how fake projects work you can share it with your friends and family and prepare them to detect these malicious contract addresses. 

We need to study, and research new tools to create our passive income with these cryptocurrencies, and turn the financial freedom a reality in our lives.