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Due diligence in selecting cryptoassets for investment from "summary" of Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond by Chris Burniske,Jack Tatar
When it comes to investing in cryptoassets, due diligence is crucial. This involves doing your homework to ensure that you are making informed investment decisions. Before diving into the world of cryptoassets, it's important to understand the market and the various types of assets available. This includes familiarizing yourself with the different cryptocurrencies, tokens, and blockchain projects that exist. One key aspect of due diligence is researching the team behind a cryptoasset. Understanding the background and expertise of the team members can give you insight into the potential success of the project. Look for teams with a solid track record in the industry, as well as a clear roadmap for the future. Additionally, it's important to assess the project's whitepaper, which outlines the goals, technology, and use cases of the cryptoasset. ...
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