Sh. @Joe covers it in more detail on his IG so be sure to check it out. In summary he outlines the following 5 criteria to look out for.
#1 - It is a store of value.
#2 - It is a medium of exchange.
#3 - Transparency about recourse.
#4 - Tokenomics are not ponzi-esque.
#5 - It has an established or projected, permissible real world use case.
Love to hear from those who’re more interested in crypto, are these red flags common? Are they easy to spot?