DeFi governance tokens give users voting power on project decisions. Their effectiveness depends on voter participation, token distribution, and whether decisions are truly implemented on-chain.
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Research the project’s team, roadmap, and community activity. Avoid projects with unrealistic promises or sudden hype spikes. Use trusted sources and watch for transparency. Stay cautious of pump-and-dump schemes.
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To evaluate a project's ecosystem, start by looking at its core use cases and the problem it aims to solve. A healthy ecosystem should have diverse applications, from decentralized finance (DeFi) platforms to NFTs or governance mechanisms, providing value to its users. Next, assess the community and developer activity—active participation indicates a growing ecosystem. Partnerships with other projects or enterprises can also boost credibility and expansion potential. Finally, consider the project's scalability and how easily it can integrate with other blockchain networks or industries, which is key to its long-term growth.
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