📚 Don’t Fall for FOMO
You saw a new token trending on TikTok or Twitter — “Next moonshot!”, they say. But wait... How can you really know if that token is worth buying? Here are 5 smart steps to evaluate any token before jumping in.
✅ 1. Check the Team & Project
🔍 Who’s behind the project?
- Are the team members public (doxxed)?
- Do they have past experience?
- Does the website look legit?
- Are they active on socials (X, Discord, Telegram)?
- Is there a clear, readable whitepaper?
💡 A worthy token is backed by a transparent & credible team, not anonymous hype.
💡 2. Understand the Token’s Use Case
📌 What is the token actually used for? Is it just for flipping/trading? Or does it offer real utility?
Examples:
- Paying for services
- Governance (voting rights)
- Unlocking features
- Community access
- Ecosystem rewards
🚨 No use-case = pure speculation. Rises fast, drops even faster.
📊 3. Review Supply & Distribution
Look beyond price. Ask:
- Max Supply – how many tokens will ever exist?
- Circulating Supply – how many are in the market now?
- Distribution – who owns the tokens?
Key questions:
- How much does the dev team hold?
- Are there whales or VCs?
- Is the vesting schedule fair?
📌 Good tokens are well-distributed, not controlled by a few big holders.
🧪 4. Is It Utility or Just Hype?
🔥 Meme coins might trend, but…
- Is the token still useful without the hype?
- Is there an actual product behind it?
- Is the ecosystem growing?
✅ A solid token usually has:
- Real use
- Working product
- Clear roadmap
📈 5. Use Tools to Check Data
Use platforms to gather facts:
- CoinMarketCap
- CoinGecko
- DexScreener
- Etherscan / Solscan
Things to review:
- Market cap
- Volume
- Liquidity
- Number of holders
- Project verification status
🔚 Closing: DYOR Is More Than a Buzzword
DYOR = Do Your Own Research
Before buying a token:
- Analyze the team
- Understand the use-case
- Check token distribution
- Look beyond hype
- Use data-backed tools
💡 Great tokens make sense logically, not just emotionally.
