🤫 Types of Shitcoin tokens, how to distinguish them? 🤫

⚡️To start, let's understand the types of tokens there are:
1️⃣ Token with Utilities
2️⃣ Token with fake Utilities
3️⃣ Meme token
4️⃣ Meme token + Slow rug
5️⃣ Complete scam

1️⃣ Token with Utilities – the rarest type of shitcoins, they are not released frequently, just a few tokens a day, sometimes every couple of days. The essence of these tokens is that they will be used in some way, either as a buy and hold for use or as a purchase and spend to use a product.

⚡️How to differentiate them:
🔴Developers purchased ads before and continue after token release.
🔴The name is often unrelated to the project's purpose or hype.
🔴Activity can be seen for several weeks or days before token launch (on Twitter and Telegram).
🔴There's a chance to check their product's functionality (demo version, limited).
🔴The website may have a tokenomics section that is adhered to and has a real application.

2️⃣ Token with fake Utilities – encountered more often; the project sometimes creates a semblance of the described product, often simply discussing what they don't actually have. They are launched solely for profit, and the token often falls within minutes or hours. These tokens can be traded, but not for long, as they are at risk of a panic sell-off when the truth comes out.

⚡️How to differentiate them:
🔴If developers mention any deadlines, especially those occurring 3-6 hours after launch, this could indicate they are delaying the dump, and it's crucial to sell before people lose trust and start selling.
🔴No chance to see or try the product in action.
🔴No tokenomics or roadmap.
🔴If there is a roadmap, it should have a substantial work plan, not one where phases can start and end within a day, with no CEX listings within a week.

3️⃣ Meme token – often related to current world events, Twitter, or celebrities. Posts containing interesting words or phrases that can be interpreted in various ways are used to attract users to buy. These tokens grow only through the audience and are not meant to be held for long; they rise and fall quickly.

⚡️How to differentiate them:
🔴The name is often closely related to something that already exists or can be easily found on Twitter.
🔴Posts from crypto celebrities and influential figures can trigger token launches.
🔴The website has no promises, roadmap, tokenomics, and often features hastily made designs.

4️⃣ Meme token + Slow rug – initially launched with the intent to deceive and scam, involving more risk than a regular meme token.

⚡️How to differentiate them:
🔴The dev may not remove high taxes and keeps them until the end.
🔴No website or Twitter presence, only on Telegram (which can also be found in legitimate tokens, so distinguishing is essential).
🔴Devs don't buy ads or promote.

5️⃣ Complete scam – encountered more frequently and comes in various forms of scams. However, learning to distinguish them is essential, and it's crucial to use information correctly.

⚡️How to differentiate them:
🔴HoneyPot, 100% Tax, BlackList, Fake renounce, sale lock, and more.
🔴Remove Liquidity – the withdrawal of unlocked funds, liquidity should be locked to prevent this.
🔴Standard Tax Farm – taxes remain after renounce, typically 4% to 5%.
🔴Hidden Tax Farm – Preload tokens, which remain in the contract after renounce and liquidity lock, starting to sell simultaneously with other wallets, creating double transactions. Profits go solely to the developer's wallet.

💎GEMSCORE | 🐦 TWITTER
📚GITBOOK | 🤖 SUBSCRIBE BOT