Unit 2 · Level 4 · Reading a token
The checklist
Everything in this league so far compresses into a five-question checklist you can run in ten minutes: Who owns the pie? How much is locked, and until when? What's the FDV versus the market cap? What is the token actually for? And where does any promised yield come from? No project deserves your money before it answers all five.
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What you get asked
Run the token due-diligence checklist in order
Ten minutes of reading filters out the majority of traps. Most bad tokens fail by question two.
You can't find a vesting schedule anywhere in the project's docs. Safest interpretation?
Good projects publish vesting proudly. Silence about who can sell, and when, is rarely an accident.
Before buying, always check the ___ calendar for upcoming supply hits.
Sites tracking unlock dates are free. A five-minute check beats being surprised by a nine-figure supply wave.
A token passes all five checklist questions. What does the Trading course's 1% rule still tell you?
Due diligence lowers the odds of a trap; it never removes them. Position sizing is what keeps a wrong call survivable.
Boiled all the way down, what's the master question of tokenomics?
Every pie chart, unlock cliff and yield promise is that one question wearing a costume. If you can't tell who the exit liquidity is, it's you. 🐜
The rest of this unit
Allocation pies, ponzinomics, and the checklist that spots exit liquidity.