Hello everyone, this is my first Reddit post but I wanted to share a short importance of DYOR (do your own research).
I am a big advocate for Cardano and this project. Recently I saw a post for RavenDex, a new project for a Decentralized Exchange on Cardano. They are doing a “pre-sale” for their RAVE token and so I decided to dig in and see what they are about. The official website looks legitimate, they have friendly user interface and solid logic when it comes to what the project says they are going to do.
HOWEVER, the link to their official GitHub has no coding. They do not list their development team on any of their sites. And according to others like on this Cardano Forum:
[ (https://forum.cardano.org/t/ravendex/78786/25) ]
They refuse to disclose even the background and skill set of the people developing this project. Do your due diligence before sending your precious ADA to an address and always DYOR. This might be legitimate, but until there is more transparency between whoever is behind this project and the Cardano community, users should beware.
Ironically my username was one of the reasons I was interested in the first place! Stay safe out there.