Dear crypto enthusiasts! The crypto world has once again encountered a "peculiar" case.

Recently, I came across a project called WCT, which has plummeted 17 times since its launch. What has this project done? On one hand, it has thoroughly exploited resources like new coin benefits and trading rebates offered by exchanges; on the other hand, it relies on derivatives trading volume of over 460 million to create a false impression of market activity. The most outrageous part is that this project is designed with an infinite issuance mechanism—absolutely outrageous.

Speaking of such projects, the crypto community has a fitting nickname called "Welfare Assassin." The typical套路 of these projects is as follows: package a seemingly decent concept, apply for various platform support resources under the pretext of new coin launches, and once all subsidies, rebates, and trading rewards are received, immediately execute a dump. Retail investors get trapped at high levels, and the platform’s traffic and resources are wasted. This operation harms both retail investors and platforms, draining the ecosystem’s vitality.

**So how can you identify and avoid these traps? I’ve summarized three most prominent danger signals:**

**First: Completely rely on platform support without real technological accumulation.** A healthy crypto project should have solid underlying technology or real application scenarios, relying on innovation and practicality to survive. But "Welfare Assassin" type projects? Besides exploiting platform benefits and playing word games, they have nothing. Application scenarios are虚的,技术支撑是虚的, only fundraising goals are real. Such projects have no long-term vitality; a sharp decline is an inevitable fate.

**Second: Abnormal fluctuations in trading data, obvious signs of虚假繁荣.** Genuine projects usually have trading volumes with certain规律性, consistent with market psychology and natural liquidity fluctuations. But these projects are different; they lack real market demand support, so they can only create短期集中放量 to generate热度,吸引散户入场接盘. If you look closely at成交笔数,大单比例,交易深度 these details, you’ll notice something不对劲. Like the WCT example, 460 million in derivatives trading volume sounds exaggerated, but comparing it with真实交易情况 of other projects of similar size, you can spot anomalies.

**Third: Token supply mechanism has issues, with无限大通胀压力.** Infinite issuance is already a red flag in crypto projects. It means the project team can always monetize through additional issuance, continuously稀释 the token value held by retail investors. Holders’收益预期 are basically unattainable; in the long run, the price必然向下.

Learning to identify these three features can help you avoid most obvious pitfalls. It is recommended that before participating in new projects, you first check whether the project has real application scenarios, whether the tokenomics are合理, and whether the trading data is正常. Don’t be fooled by短期热度 and platform support; those projects that rely solely on exploiting福利 will ultimately end with a dump 99% of the time.