<ul><li>Liquidity pools play a crucial role in decentralized finance (DeFi) but not all pools are legitimate.</li><li>Fake liquidity pools are created by bad actors to steal funds from crypto traders.</li><li>To spot a fake liquidity pool, watch out for unrealistic promises, unverifiable developers, non-audited smart contracts, limited community interactions, and uneven token distribution.</li><li>To avoid fake liquidity pools, conduct due diligence, check token distribution, and confirm if the liquidity pool is locked.</li></ul>

How to Spot and Avoid Fake Crypto Liquidity Pools – A Comprehensive Guide

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