#StaySAFU I once came across a “too-good-to-be-true” staking platform promising 200% APY. The website looked slick, and they had an active Telegram group, but something felt off. I checked the contract on BSCScan and found the token had unlimited minting privileges and a suspicious number of tokens held by just a few wallets. Sure enough, two weeks later the site went down and funds were drained—classic rug pull.
Key red flags I now watch out for:
Unrealistic returns
Anonymous or unverifiable team
Poor or copy-paste whitepapers
Smart contract vulnerabilities
Hype without substance
Tools I use regularly:
BSCScan / Etherscan for token details
TokenSniffer and DEXTools for contract analysis
Reddit and Twitter to gauge real community sentiment
Stay sharp, stay skeptical, and always do your own research!
#StaySAFU