How do I know if my crypto token is valid?

Begin with the fundamentals. When evaluating a cryptocurrency project, it's crucial to start from scratch and understand its CORE concepts. This involves researching the project's whitepaper, roadmap, and team background to ensure that it has a solid foundation.

One of the key steps in verifying a project's authenticity is to check if its code is verified on Etherscan. Etherscan is a blockchain explorer for Ethereum, allowing users to view transactions, balances, and smart contract details. Verifying the code ensures that it hasn't been tampered with and aligns with the project's documentation.

In addition to the code verification, it's also essential to read the comments section on Etherscan. This section often contains insights and feedback from the community, which can provide valuable information about the project's reputation and potential issues.

Another critical step is to check the DappRadar blacklists. DappRadar is a platform that tracks decentralized applications (DApps) on various blockchains. The blacklist highlights projects that have been flagged for suspicious or fraudulent activities, helping users avoid potential scams.

Moreover, token details can be further explored using a token explorer. These explorers provide detailed information about a token's supply, holders, transfers, and contracts. By analyzing this data, users can gain a deeper understanding of the token's economics and potential value.