Well most times you simply have to apply the rule of thumb - If it sounds too good to be true, it probably is
Some projects don't even bother to write up a decent whitepaper.
Also, for those that do write, it is imperative that investors read and understand the concepts well. This will help them to make informed decisions.
It's always good to ask questions. That way you can know if the team is serious or lying.
I understand how the investors are the hunters and the projects are the prey, but sometimes the roles are reversed
Dear @ulqu3 , @memes777
This is obviously great way to raise red flags. But nothing will replace doing some research. We're already creating strong community related to crypto so asking people from this community about their view could always help to make decision.
Cheers guys
Piotr