1. Is the idea clear and understandable?
Read the introduction:
• Does the project clearly explain the problem?
• Is the solution logical and easy to understand?
If you feel confused or the style is overly complicated, it may be an attempt to hide the weakness of the idea.
2. Does the economic model (Tokenomics) make sense?
• What is the total number of tokens?
• How will they distribute it?
• Is there a large percentage reserved for the team or investors?
Any flaw here could be a warning sign.
3. Does the project really need blockchain?
Some projects add 'Crypto' just to attract funding.
Ask yourself: Is the technology necessary to solve the problem? Or is it just marketing packaging?
4. Who is the team? Do they have a previous track record?
• Are the names real?
• Do they have successful past experiences?
• Do they have strong technical or economic experience?
The absence of these details or having an unknown team = a red flag.
5. Is the white paper overly technical or overly superficial?
• If it is too complex = it may be an attempt to 'scare' the reader away from the question.
• If it is superficial = it may not be serious.
Balance is required: precise explanation in understandable language.
6. Is there a clear roadmap?
• Is there a realistic development plan with a specific timeline?
• Have they actually implemented phases of the plan before?
A random or open plan without dates = lack of credibility.