Very important, look at the image below, and learn 👌

Here's how to verify the legitimacy of digital currencies before investing:

1. Check the smart contract:

Every digital currency operates on the blockchain network using a smart contract. You need to verify the address to ensure that it is the official contract.

How to check:

Go to the network's block explorer such as:

BNB Chain: bscscan.com

Ethereum: etherscan.io

Polygon: polygonscan.com

Solana: solscan.io

Paste the smart contract address and check its details, such as the name of the currency, the number of holders, and the functions supported by the contract.

2. Find the official project website:

Check if the currency has an official website or pages on social media such as Twitter or Telegram.

Make sure the information provided matches the smart contract address you found.

3. Check and lock liquidity:

Legitimate currencies usually lock liquidity to ensure that it is not suddenly withdrawn.

You can check liquidity using tools like:

Token Sniffer (tokensniffer.com)

PooCoin (poocoin.app)

4. Avoid coins that drop quickly to zero:

Coins that are close to $0 may be scam projects (Rug Pull) or useless.

Make sure there are active investors and transparent information about the development team.

5. Avoid duplicate coins:

Having multiple versions of the same coin on different networks may be a sign of fake coins or scam clone projects.

Search for the coin on trusted sites like CoinGecko or CoinMarketCap.