Thread by @panosmek

Investing in crypto 101:

One of the most important things in a crypto project is utility and solving real problems with innovative ways. But these are not enough. And this is where most crypto investors make the biggest mistake.

Time for a thread 👇

1/ This thread is mainly about people who want to invest in good and serious projects for the long-term. In the current state of the market and in the short term, you can make money from literally everything, even scams, because there is euphoria everywhere, so be careful.

2/ By buying the token of a project, in no way it means that you are investing in the technology and the success of the project/company. We are seeing many platforms having great technology or product, but they don't need a token and their tokenomics are bad.

3/ What I look in a project when doing research is:

• The team: Their background and how dedicated they are.

• Problem solving: If they are really solving a specific problem (not generic things) and if they are offering something new and unique that the competitors are not.

4/ • The vision and strategy: If the team has the right vision and they have a long-term strategy to achieve what they want.

• Partnerships: If there are any important partnerships, what kind of partnerships and if the project is actually utilized by its partners.

5/ • The community: If the project has a strong and dedicated community. (although not always necessary)

• Tokenomics / Token utility (The most important thing): No matter if a project has all the above, if the tokenomics and distribution are bad...

6/ and the token doesn't have a reason to exist and is not necessary in the problem solving, there is no point investing in the project. Invest in the company itself instead. Why invest in a useless token that was only created to make money for its founders and fund the company?

7/ The token must have utility and be necessary to be used in, if not all, most of the functions of the platform and the products.

Always do an extensive research. The 6 above metrics have helped me to invest in some really good and undervalued crypto projects without hype.

8/ Most projects are perfect in theory and the whitepaper, but nowhere close to that in reality and production. Do not fall for fancy words and hype, if the project doesn't have most of the above, and especially good tokenomics with a real working product, it's worthless.

And of course, never invest more than you can afford to lose. Learn how to control your emotions and invest in your financial education. Finally, do not store crypto on exchanges, own your keys, be your own bank. Crypto and blockchain are here to stay and change everything.