In the cryptocurrency market, projects vary greatly in quality. How can investors distinguish between them? Here are five golden evaluation principles. Strictly follow this framework to screen projects, and you can avoid most pitfalls.

**1. Complete Decentralization**. A genuine project should have no control by a project team, initiated by an anonymous community, with contract permissions fully relinquished. Only then can the risk of rug pulls be fundamentally eliminated.

**2. No Front-Running**. Examine the founding team and early holders' lock-up situations to see if hidden interest groups are secretly selling off. Transparent initial distribution is crucial.

**3. Innovative Mechanisms**. Projects that merely copy existing models are difficult to sustain long-term. Truly noteworthy are those with unique designs, logically consistent economic models, and mechanisms that support reasonable price appreciation.

**4. Contract Security**. Code audits, permission configurations, upgrade mechanisms—these technical details directly relate to fund safety. A single oversight can lead to a fatal vulnerability.

**5. Solid Community Consensus**. Long-term commitment to community building, transparency of information, and regular interaction make a project more resilient.

Use these five criteria to evaluate projects, and you can avoid over 99% of traps.