How to spot a NFT Scam ?
Anonymous Founders is always the first Red Flagđ©
It means the founders donât want to risk their personal reputation for the NFT Project.
âRoadmap executionâ is the primary driver of any NFT projectâs long term Valuation
Founders will not work for FREE.
What is there for the founders to work for the promised âRoadmap â
âȘïžHow many #NFTs founders are holding
âȘïžAs per the smart contract, will the founders get some percentage as royalty
âFrostiesâ is the first rug pull of 2022 but with more and more first time NFT purchasers joining the market, itâs just the starting of scams.
Scamsters are not using coding but social engineering.
They will prey on the FOMO of the investors.
#DYOR
Research about the founders
Whatâs the founderâs personal stake in the NFT Project
Read the Smart Contract
Donât panic
No need for FOMO
We all are still early
#wagmi
#nft #nftcollectors #nftcommunity
NFT Project Frosties Creators Stole $1.3M From Investors Then Vanished
Read the detailed Frosties story here đ Frosties NFT Scam