A short thread on how to NOT get burnt buying the next hot Potato #NFT that will disappear in 5 days.
Thread 1/ 👇
Thread 1/ 👇
2/ Some truths,
- We're investing/creating in a HIGH RISK space. It's new, mostly unchartered and little data.
- Not referring to Art here. Mostly other utility/avatar projects.
- Hot potatoes are everywhere, you'll prob end up buying some. Let's just aim to buy less.
- We're investing/creating in a HIGH RISK space. It's new, mostly unchartered and little data.
- Not referring to Art here. Mostly other utility/avatar projects.
- Hot potatoes are everywhere, you'll prob end up buying some. Let's just aim to buy less.
3/ Difference between? There’s no set rule, just indicators of likelihood.
Potato - Less active team/whale dominated/influencer shilled, etc.
Non Potato - Active team/community way beyond presale event, lots of non floor talk, depth.
Potato - Less active team/whale dominated/influencer shilled, etc.
Non Potato - Active team/community way beyond presale event, lots of non floor talk, depth.
4/ Team.
Potato - All anons, no Twitter links, little communication, talk/announce floor, hype price.
Non Potato - public, (or AT LEAST link to an aged social/twitter), talk about product, inviting, credible.
Potato - All anons, no Twitter links, little communication, talk/announce floor, hype price.
Non Potato - public, (or AT LEAST link to an aged social/twitter), talk about product, inviting, credible.
5/ Concept.
Potato - Nothing new, lots of copy pasting, no real 1yr+ plan, little to no development yet.
Non Potato - Innovative, unique, product in motion, goal and milestone oriented.
Potato - Nothing new, lots of copy pasting, no real 1yr+ plan, little to no development yet.
Non Potato - Innovative, unique, product in motion, goal and milestone oriented.
6/ Communication
Potato - Announcements about pumping floors, price, hype, pump “partnerships”, slower updates when prices are slow.
Non Potato - Announcements about product, real partnerships(with plans), screenshots of WIP, regular updates.
Potato - Announcements about pumping floors, price, hype, pump “partnerships”, slower updates when prices are slow.
Non Potato - Announcements about product, real partnerships(with plans), screenshots of WIP, regular updates.
7/ Community
Potato - Everyone talks about price, flipping, sales, influencers. “Wen moon”, kick up a stink when prices slow down or drop.
Non Potato - Many talk about product, contribute, DM founders to help, want to mod/art/share.
Potato - Everyone talks about price, flipping, sales, influencers. “Wen moon”, kick up a stink when prices slow down or drop.
Non Potato - Many talk about product, contribute, DM founders to help, want to mod/art/share.
8/ Influencers
Potato - Scream and shout on Twitter about floor. Get sour when prices drop. All rocket ship talk.
Non Potato - Have critical and non critical takes, write disclaimers, write threads, many diverse “influencers” not just one with a big bag.
Potato - Scream and shout on Twitter about floor. Get sour when prices drop. All rocket ship talk.
Non Potato - Have critical and non critical takes, write disclaimers, write threads, many diverse “influencers” not just one with a big bag.
9/ Ongoing discord members joining.
Potato - New people entering is quite low after hype dies down, no one says much when they enter.
Non Potato - continuous stream of interested people. Coz concept is compelling, excited to get started.
Potato - New people entering is quite low after hype dies down, no one says much when they enter.
Non Potato - continuous stream of interested people. Coz concept is compelling, excited to get started.
10/ Road map
Potato - “We’ll start a discord when we sell out 20%”…🙄…bruh…, copy pasted, usual “metaverse lingo”
Non Potato - Discord ASAP, community managing 1 or 10,000, project will go on, unique road map or at least not blatant copy paste. Some strong milestones hit.
Potato - “We’ll start a discord when we sell out 20%”…🙄…bruh…, copy pasted, usual “metaverse lingo”
Non Potato - Discord ASAP, community managing 1 or 10,000, project will go on, unique road map or at least not blatant copy paste. Some strong milestones hit.
11/ Keeping this one short. Got any other qualities you look for? Feel free to add !
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