# How to Dodge Web3 Scams like a Pro—as a Newbie

By [Solid Metrics](https://paragraph.com/@solid-metrics) · 2023-07-27

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Welcome to Web3.

Before you start, keep this in mind: **Only 20% of gamblers actually makes money.**

**You’re probably the 80%.** Okay, let’s start.

As we venture into Web3, 10x and 100x. Let us not overlook the lurking dangers that accompany such promising territories.

Today, I shall shed light on the **top five malicious marketing techniques** employed by cunning Web3 projects, allowing you **completely dodge them all like a pro.**

"It pains me to witness brilliant marketing minds misused to exploit the unaware. As a Web3 marketer, I am steadfast in my commitment to safeguarding you from these malicious tactics. Before, the **\-99% after the 2X is never worth it.**" —Josh, CEO of [Solid Metrics: Crypto Marketing Agency](https://www.solidmetrics.co)

**#1: Deceptive Whitepapers and Overblown Claims**

Ah, the venerable whitepaper—the cornerstone of any legitimate Web3 project. Alas, malevolent actors distort this beacon of truth, crafting elaborate documents replete with technical jargon and exaggerated promises, clouding the vision of prospective investors.

To fortify your defenses, approach whitepapers with an analytical gaze. Scrutinize claims against real-world applications, seeking solid proof of concept. Emphasize credentials, for they are the bedrock of trust. Only when met with a functional prototype and promises grounded in reality should investment be considered.

**#2: Celebrity Endorsements and Influencer Marketing**

Welcome to the era of influencers, a potent marketing tool indeed. Yet, the darker corners of Web3 exploit this trend, enlisting celebrities to grant false credibility to their endeavors.

Fear not, for you are an independent thinker. Forge your path with diligent research, grounding your decisions in the merits of the project, rather than the allure of star-studded endorsements.

**READ MORE:** [Top 5 Metamask Safety Tips You Need to Know | 2023 Edition](https://www.solidmetrics.co/post/metamask-safety-tips)

[https://www.solidmetrics.co/post/metamask-safety-tips](https://www.solidmetrics.co/post/metamask-safety-tips)

**#3: Fake Partnerships and Misleading Collaborations**

Partnerships—the scaffolding of credibility. Cunning Web3 malefactors manipulate this virtue, fabricating associations with reputable entities, when in reality, none exist.

Fear not, for you possess the discerning eye. Verify each partnership through official channels. Authentic alliances are vocalized by both parties. Trust your instincts, for genuine connections resonate with transparency.

**#4: Manipulative Tokenomics and Limited Supply**

Tokenomics—the heartbeat of a Web3 project. Crafty evildoers distort this critical aspect, concocting false scarcity to incite irrational demand.

Rest assured, you hold the key to discernment. Scrutinize tokenomics meticulously, ensuring alignment with the project's true utility and equitable distribution. Beware of schemes favoring early entrants and founders, for uneven wealth distribution raises red flags.

**#5: FOMO (Fear of Missing Out)**

Ah, FOMO—the nemesis of prudent investing. The sinister Web3 thrives on this fear, employing time-limited offers and exclusive deals to pressure hasty decisions.

Hold firm, you have to RESIST!

Resist the allure of urgency. Engage in comprehensive research, for genuine projects prioritize lasting value over impulsive rushes.

**Conclusion**

Dear investors, our journey nears its end. The realm of Web3 beckons, abundant with opportunities and perils alike. Armed with knowledge, you shall tread this path with the astuteness of a seasoned Wall Street pro.

In this world of wonders and deceit, vigilance serves as your staunch ally. Conduct thorough research, question audacious claims, and triumph over flashy ruses.

With these malicious marketing techniques unveiled, you are equipped to shield your investments, nurturing a Web3 landscape founded on trust and prudence.

Remember, dear investors, wisdom is your compass in the ever-evolving world of Web3. Embrace it, and together, we shall embark on a journey brimming with potential and prosperity.

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*Originally published on [Solid Metrics](https://paragraph.com/@solid-metrics/how-to-dodge-web3-scams-like-a-pro-as-a-newbie)*