“There are 3 things I need to understand. Does the token address a market need? Is there a big market opportunity? And is there adoption?” - Alex Cho

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Do your due diligence.

Reading the white paper, learning about the management team, understanding the distribution; these are the things we must do before investing in a token. If we don’t, we’ll likely get bit by something we could have seen coming.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing what to look for before investing in a token. Inside the white paper are all of the important details, so take note of what to be on the lookout for during this research phase

This is a snippet from the Tai Lopez’ paid Bitcoin Mentor Mastermind program. To sign up, go to tailopez.com. And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!

“A smart contract is a legal contract that’s executed using the network of computers hashing the blockchain algorithm.” - Alex Cho

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Points to Keep In Mind

• Learn about the technology, the offerings, and the market potential in the whitepaper
• Ask, “What have they done up to this point to establish their credibility?”
• Warning sign if site doesn’t even list the management
• Use the wallet that the white paper recommends that you use
• Use Google Trends to get pulse on public’s perception of certain coins
• API stands for application programming interface
• A smart contract is a legal contract that’s executed using the network of computers hashing the blockchain algorithm