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The world of cryptocurrencies is large and does not revolve just around Bitcoin and blockchain. There are more than 11,000 cryptocurrencies in the market right now, and more are being created every day. This makes it hard for investors to select which ones to invest in.

In fact, there are a lot of those out there that aren't real. Scammers have created tokens in order to steal people's money after recognizing the possibilities in the crypto ecosystem. Whether you're new to the crypto market and want to invest or you're a seasoned investor, the tips below will help you to identify a good crypto project.

How to Identify a Good Crypto Project Whitepaper

The white paper is a document that usually tells you everything you require to know about the project, including the vision, the problem it wants to solve, the solution, the tokenomics, and more.

A good white paper will be properly written and understandable without being overly technical. It should also say clearly what problem the project is trying to solve as well as how the solution will work.