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Lesson # 5
Token Research & Entry Strategies
Blockchain Basics
1. What does it mean when a token has high inflation and no deflationary mechanisms?
A. Its price is likely to increase steadily
B. It becomes more scarce over time
C. There is constant buying pressure from whales
D. The supply grows rapidly, which can add sell pressure
2. Why is tracking token unlock schedules important for traders?
A. Unlocks usually cause the token to become more decentralized
B. Unlocks often trigger price stability and growth
C. Unlocks can increase circulating supply and cause price drops
D. Unlocks always lead to higher staking rewards
3. What is a key red flag when researching a new token's smart contract?
A. High trading volume
B. Ownership renounced
C. Liquidity locked
D. Ownership not renounced
4. Which tool helps you detect honeypot scams and check if a token contract is safe?
A. CoinGecko
B. TokenSniffer
C. DEXTools
D. TradingView
5. Why is liquidity locking important for a token on a DEX?
A. It increases the token’s staking yield
B. It reduces the chance of a rug pull by locking LP tokens
C. It allows devs to manually adjust prices
D. It guarantees long-term price increases