Why you should understanding the tokenomics of new Cryptotoken before buying it?

Everyone is expecting and thinking someone any youtuber or a researcher should tell such a coin who can make me multi-millionaire.

#Steemit Crypto Academy Contest Season12 Engagement Week

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Are you also thinking in the same manner?
Then this post is for you.

Keep some points in the mind before selecting any project.

  1. Founder: Always check the founder and see whether they previous projects are not in debt.

  2. Size of team: small team probably can ve a fake.

  3. Tokenomics: How concisely crypto token is floating in the market that stats is crucial for token price.

  4. Community: How big is the community.

  5. Which exchange they are planning to be listed.

  6. Price: See the peer project which are already listed on markets.

  7. Funding Round: How they plan or DAO planned if something was not working.

  8. Assets: Do they have already assets?