✅ Steps to Take Before Buying and Holding a Token Long-Term:
1. Research the Token (DYOR):
What is the full name of #WCT?
What problem does it solve or what utility does it offer?
Who is the team or community behind it?
Is the project actively maintained and developed?
2. Check Tokenomics:
Total and circulating supply.
Inflation/deflation mechanics.
Distribution of tokens (who holds most of them?).
3. Analyze Market Performance:
Historical price charts (volatility, past ATHs/lows).
Current market cap and daily trading volume.
Listed exchanges.
4. Community and Ecosystem:
Is there an active and supportive community?
Are there real-world use cases or dApps using this token?
5. Security & Transparency:
Is the project audited?
Any history of rug pulls or exploits?
6. Regulatory and Risk Considerations:
Is it compliant in your country?
Is the token utility-based, governance-based, or something else?
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🚨 Things to Watch Out For:
Scams or low-liquidity tokens.
Lack of development activity or updates from the team.
Unrealistic promises or anonymous developers.
#wct
#BTC
