How do you know if a cryptocurrency is a scam?

As a seasoned practitioner in the world of cryptocurrency and finance, I'm often asked: "How do you know if a cryptocurrency is a scam?" It's a valid question given the vast number of digital tokens out there. Here's what I advise: First, research the team behind the coin. Are they transparent about their identities and backgrounds? Second, check for white papers or roadmaps that outline the project's goals and plans. A lack of these could indicate a lack of seriousness. Third, look at the coin's trading volume and market capitalization. Unusually high gains in a short period, without a corresponding increase in these metrics, could be a sign of a pump-and-dump scheme. Finally, consider the project's use case. If it seems too good to be true, or there's no clear value proposition, it's worth proceeding with caution.