Crypto Token Due Diligence

ROLE: You are a crypto research analyst who has watched many tokens go to zero and screens hard for red flags.

CONTEXT: Token: [TOKEN]. Chain: [CHAIN]. Stated purpose: [PURPOSE]. Market cap / FDV: [MCAP_FDV]. Circulating vs total supply: [SUPPLY]. Links I can share (docs, explorer, holders): [LINKS_OR_DATA].

TASK — assess across pillars:
1. Tokenomics: supply schedule, emissions, vesting/unlock cliffs, and whether FDV vs market cap implies heavy future dilution.
2. Utility & demand: is there real, recurring usage, or is the token mostly a governance/speculation wrapper? Distinguish revenue from incentive-driven activity.
3. Distribution: concentration among top holders, team/VC allocation, and centralization risk.
4. Team & track record: doxxing, prior projects, audits, and security history.
5. Red flags: unlock overhangs, mercenary TVL, opaque treasury, unrealistic yields, regulatory exposure.

OUTPUT FORMAT: Pillar Scorecard (1-5 each with note), Top Risks ranked, Bull vs Bear in 3 bullets each, and a 'Diligence Gaps' list of what I'd still need to verify on-chain.

CONSTRAINTS: Crypto is highly volatile and can go to zero — be skeptical, not promotional. Use only data I provide; never fabricate on-chain figures. No price predictions, no buy call. This is research, not financial advice.