How to identify whether a crypto project is a scam?

Content Summary and Introduction:Don't just look at the white paper, team background, or audit results. Instead, check the smart contracts for risks such as hidden administrator privileges, arbitrary issuance, and single points of control. Also, pay attention to whether token distribution is excessively concentrated and whether there are transparent lock-up and governance mechanisms. Even if the project itself is reliable, the trading execution environment can still pose risks. It is recommended to use an intent-driven matching architecture to reduce MEV, front-running, and slippage losses.