Great God Class: Learn these three tricks and teach you how to tell the true and false blockchain project!

Recently, many people have been struggling with various air projects, where the idea gets cut short by an agency, or the project is abruptly canceled, leaving investors in a mess. Some even end up losing their money entirely. Public ID: Bit Princess, Knowledge Planet ID, weixinhaoLiaoLili0726

So why does this happen? It’s because you don’t know how to assess the quality of a project and are just chasing trends without thinking.

Today, I’m going to teach you three simple but effective methods to help you distinguish between real and fake blockchain projects. These tips are easy to understand and can be applied right away.

1. Check the Endorsements

What does checking endorsements mean? It means looking into who is behind the project—whether it has support from the government or top-tier companies. A good way to verify this is by using tools like Sky (for Chinese projects) or Google (for international ones) to check the credibility of the endorsing entities.

Pay attention to which countries are backing the project. For example, some projects claim to have Cambodian state support, but if you look into Cambodia’s economic situation, you’ll find that a company worth 200 million yuan is already considered a big player there. So, don’t take national endorsement at face value.

Compare this with projects like AI Open (backed by Tencent) or Ontology (supported by China’s Ministry of Industry and Information Technology). Which one do you think has more legitimacy?

2. Look at the Team

What does “looking at the team” mean? It means verifying the background of the founding members. Are their claims genuine? Have they worked on any previous successful projects?

For instance, if a founder claims to have experience in blockchain, use LinkedIn to check their profile. Search for their name and see what kind of work history they have.

On LinkedIn, you might find that the founder previously served as CTO on a well-known project and now runs his own startup. That’s much more credible than an air project where the team members are just former car salespeople.

3. Review the Code

When it comes to code, many people say, “I don’t understand programming.” But you don’t need to read the code yourself. Instead, use platforms like GitHub to check the frequency and quality of code updates. The more active the development, the more promising the project.

Summary: After learning these three simple steps, are you more confident in evaluating blockchain projects in the future, rather than blindly following trends? Of course, assessing a project goes beyond just these three points. They’re just the first step to identifying whether a project is real or fake. They don’t necessarily indicate whether the project will succeed in the long run. But they can definitely help you avoid falling for scams.

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