Great God Class: Learn these three tricks and teach you how to tell the true and false blockchain project!
Recently, many people have been frustrated by various air projects—some get cut off by agencies, others just disappear without a trace, and some even end up in scams. Public ID: Bit Princess, Knowledge Planet ID, weixinhaoLiaoLili0726
Why does this happen? It's because you don't know how to evaluate the quality of a project and simply follow the trend without thinking.
Today, I'm going to teach you three simple but effective strategies that will help you distinguish real blockchain projects from fake ones. These are easy to understand and can be applied right away.
1. Check the Endorsements
What does it mean to check endorsements? It means looking into who is backing the project. Are they supported by the government or top-tier companies? You can use tools like Sky (for Chinese projects) or Google (for foreign projects) to verify the credibility of the backers.
Pay attention to whether the support comes from a legitimate and influential source. For example, there was a recent project claiming to have Cambodian government support. However, if you look into Cambodia’s economy, you’ll find that a company with a valuation of 200 million yuan is already considered one of the top players there. So, national endorsement should be carefully evaluated.
Compare it with other projects like AI Project Open (backed by Tencent) or Ont (supported by the Ministry of Industry and Information Technology). Which one do you think has a stronger foundation?
2. Look at the Team
What does "look at the team" mean? It means checking the background of the founding members. Are their credentials genuine? What did they do before?
For instance, take the founder of a certain project. I recommend using LinkedIn, the world's largest professional network, to search for their profile. Here’s an example of what you might find (not an endorsement of any specific project).
On LinkedIn, you can see that the founder previously worked as a CTO on a well-established project and now leads his own startup. That's much more credible than some "air projects" where team members claim to be blockchain experts but have no real experience—like someone who used to work in a car dealership.
3. Review the Code
When it comes to checking the code, many people say, “I don’t understand programming.†But that’s okay—what matters is the progress of the project. Use platforms like GitHub to track how often the code is updated and how active the development is. The more frequent and consistent the updates, the more likely it's a serious project.
In summary, after learning these three simple steps, you should feel more confident when evaluating blockchain projects instead of blindly following trends. Of course, assessing a project isn’t just about these three points. They’re just a starting point to help you separate the real from the fake. They don’t guarantee the project’s future success, but they definitely help avoid major pitfalls.
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