Combine multiple dimensions of verification including 'official certification', 'on-chain data', 'investment background', 'community evaluation', and 'code/whitepaper'.
1: Official Certification and Information Verification
Look at the project’s official website, Twitter, Discord, TG, etc., for verified community accounts, prioritizing whether there is a blue verification mark (blue check can be purchased or forged). Verify if the Discord/TG admins align with the official team (to avoid phishing groups).
Search for the project profile on major crypto data platforms (like CoinMarketCap, CoinGecko, DappRadar) to view its project description and ratings.
2: On-chain Data/Contract Verification
Check the smart contract address of the project token on-chain (e.g., basescan.org) to review token circulation, holding amounts, and transfer history, filtering for anomalies.
Check Dextools or GeckoTerminal to see if liquidity pools are locked (like Unicrypt lock).
‼ Check the top 10 holding addresses: if the project’s address accounts for too high a ratio (>30%), there is a risk of sell-off.
Use tools like token-sniffer.com, GoPlus, etc., to check if the contract is secure and free of malicious code.
3: Investment Institutions and Partnerships
Whether the official has disclosed investments from institutions; you can verify investment statements on these VC's official websites or social media.
Some projects may falsely claim 'certain VC investment' without on-chain records.
Request on-chain transfer records from VC
Search for the VC's official website or Twitter. Confirm if listed on the portfolio page
Search the list of partners for the project to see if there are highly recognized partners or KOL support in the industry.
4: Community Evaluation and Reputation Feedback
Search on Twitter, Reddit, and blockchain community platforms (like Galxe, Nansen AI, etc.) for discussions on project popularity, public sentiment, real user feedback, and any negative exposure.
There may be shills in the community boosting reviews
You can use AI tools (like LunarCrush) to analyze the real sentiment index on social media.
Check on-chain interaction data from Galxe/Nansen; real users will have active on-chain records.
Participate in Discord/TG groups, pay attention to community member activity, project Q&A, and transparency of official announcements to identify any false advertising or fake transactions.
5: Code/Whitepaper Review
Check the official whitepaper and GitHub repository for detailed and transparent content, including audit reports and open-source community activity.
🚩 Key check on the tokenomics: Are there excessive allocations reserved for the team? Are the unlock rules reasonable?
Use AI to quickly analyze logical contradictions in the whitepaper (e.g., conflicts between inflation rate and burn mechanisms)
6: Token Release Plan
Check the token unlock schedule to avoid projects that are about to sell off.
Confirm cross-platform consistency
Compare key data (such as total supply) between the official website, whitepaper, and social media promotions for consistency
7: Team Anonymity
If the team is completely anonymous (no LinkedIn or public resume), the risk is extremely high.
Use reverse image search to check if the team’s profile picture is someone else's photo.