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To assess a project's security, start by checking if it has undergone independent smart contract audits from reputable firms. Look for audit reports that highlight vulnerabilities and confirm how the team addressed them. Additionally, evaluate the project’s security protocols like multi-signature wallets, cold storage for funds, and regular security patches. Assess past security incidents—how were they handled? A transparent security approach, including bug bounty programs and quick responses to vulnerabilities, is a good indicator of the project's commitment to protecting users and assets.
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