As we say farewell to 2022, I thought it might be a good idea to crowdsource a basic list of red flags when considering an investment in a new project.
A few of mine:
Excessive use of emojis in sales pitch
Absence of a detailed roadmap
Promise of a ridiculously high yield
Core team members described as “fully doxxed” rather than “open to public scrutiny” or similar
Poorly defined usecase with no clear advantage over existing projects
Mobile apps that are embedded with trackers and advertisements