The summary.
VALUE HERE RESTS ON EXPECTATION, NOT ON CLAIMS TO EARNINGS
Which makes valuation contested and volatility extreme. Never commit funds you cannot afford to lose entirely.
CREATING A TOKEN IS TRIVIAL, SO EXISTENCE IMPLIES NOTHING
Examine who can issue more, who can block transfers, how supply is distributed, and what the holder is actually entitled to. Frequently the answer is nothing enforceable.
CONCENTRATED HOLDINGS MEAN A FEW PARTIES CAN MOVE THE PRICE AT WILL
And it is publicly visible, so check it.
STABLECOIN SAFETY DEPENDS ENTIRELY ON WHAT BACKS IT
Examine reserve composition, independent verification, and whether redemption works in practice. Algorithmic pegs without backing have collapsed and destroyed very large sums.
OWNING A NON-FUNGIBLE TOKEN CONVEYS NO COPYRIGHT OR LEGAL RIGHT AUTOMATICALLY
Only whatever the issuer attached in writing — and the content usually lives off the ledger, where it can disappear.
NEVER INTERACT WITH UNSOLICITED TOKENS
Interaction is how wallet-draining attacks work.
CHECK UNLOCK SCHEDULES — LARGE UNLOCKS ARE FREQUENTLY FOLLOWED BY SUBSTANTIAL SELLING
