#BNBATH880 Quick and Easy Checklist to Use Before Buying Any New Cryptocurrency:
✅ Checklist for Checking New Cryptocurrencies
🔎 Step 1: Smart Contract
Is the contract verified on Etherscan/BscScan?
Is the ownership renounced?
Is there suspicious code (like preventing sales or changing fees)?
💰 Step 2: Liquidity
Is there a locked liquidity pool on Unicrypt / Team Finance?
What is the liquidity percentage compared to the market cap? (Low liquidity = risk).
📊 Step 3: Token Distribution
Is the distribution balanced? (Preferably, no single address should hold more than 5–10%).
Are there whale wallets controlling >50% of the supply?
🛡️ Step 4: Security Audit
Is there a security audit from a reputable company like CertiK / PeckShield?
🌐 Step 5: Project and Team
Do they have a professional and clear website?
Does the whitepaper clearly explain the idea?
Is the team known, with real accounts on LinkedIn / Twitter?
📈 Step 6: Trading and Daily Liquidity
Is the daily trading volume > $100,000 (preferably more)?
Is the cryptocurrency listed on more than one platform (not just small DEXs)?
🚨 Step 7: Scam Signals
Promises of "100x or 1000x guaranteed".
Overhyped marketing without a real product.
Telegram/Discord community filled with bots and duplicate messages.
📌 The Golden Rule:
If the cryptocurrency fails in any 2 or 3 of the above points → it's best to stay away immediately.