The DeFi market's overall performance affects individual token prices. A rise in TVL (Total Value Locked) typically indicates healthy growth, which can drive token prices up. A drop in TVL might lead to bearish sentiment.
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Airdrop projects can implement eligibility criteria like wallet activity, staking, or contributions to the ecosystem. Using identity verification (KYC) and restricting multiple claims from the same user or IP address also helps to prevent exploitation by opportunistic users.
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Security is one of the most important factors for a crypto project’s success. Start by assessing whether the project uses industry-standard security practices—does it implement encryption for user data, multi-signature wallets, and secure key management? Look for audits from reputable third-party firms to ensure that the codebase is free from vulnerabilities. Additionally, review the project’s approach to protecting against hacking attempts—do they offer bug bounties or have incident response protocols in place? Projects that prioritize security with transparent measures, regular audits, and proactive risk management create a safer environment for users, which builds trust and encourages adoption.
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