Red flags include:
- Promises of astronomical yields on investment
- Emphasis on staking and never selling asset
- Punitive consequences for selling and/or unstaking assets
- Unprofessional behavior
- Giveaways (note: not all giveaways are scams; use tools like Google to verify)
Tips to avoid scams:
- Do a Google search on the project and related projects.
- Be cautious of advice coming from Twitter accounts