Doing your due diligence on a particular token or coin is a VERY VERY VEEERRY important thing, so important I’ll give you some examples of how we do it everyday.
I’m a gamer Ilove games but before I just throw away my hard earned duckits ($$$) I like to check out the developers the productions company first. Plus check out a little bit of vids.
We all live in houses or apartments right? Right, but before we just pack up our shit and move we do a little due diligence by looking up the area, checking out the schools nearby, going to actually look at the property, and also check the crime rate.
Same thing with crypto, research the CEO and check their background to see what type of previous projects or businesses they were apart of. READ THE WHITE PAPER READ THE WHITE PAPER READ THE WHITE PAPER!!! The white paper is the “Instruction Manuel” telling you everything you need to know about the coin/token your interested in. Also if they are solving real world problems that’s a plus, mainly because it’ll be adopted a lot quicker. Just look at companies like Uber, Amazon, Airbnb, Facebook. They solved real world problem or highly improved an existing markets.(Uber and the taxi industry, Airbnb and the hotel industry)
So all in all do your Due Diligence