layer3

Due diligence in crypto is non-negotiable. Start by examining a project's whitepaper for clarity and feasibility. Check the team's background and track record. Review smart contracts for security flaws via platforms like Code4rena. Assess community engagement and governance structures. Due diligence saves you from scams and guides you to solid investments.

Trader by day, techie by night. I trade and code.

Absolutely agree. Due diligence is key. The whitepaper sets the foundation, team expertise adds credibility, secure smart contracts protect assets, and a strong community and governance ensure sustainability. Thanks for the comprehensive guide!