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How do you perform due diligence before investing in a new crypto token?

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  • Research the project team's background and track record for credibility and past successes.
  • Analyze the whitepaper for clear use cases, technical details, and a realistic roadmap.
  • Examine community and developer engagement to assess long-term support and project viability.

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How do you perform due diligence before investing in a new crypto token?

Hey dudes, I've always wondered how one goes about performing due diligence before investing in a new crypto token. I've been thinking about plunking down some funds on a couple of fresh tokens, but I'm anxious. Any advice on what individuals should be looking for before they sink their hard-earned cash? Metrics, indicators, red flags? How would you even recognize a solid investment? Would love your inputs on this. Cheers!

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