Thread by @Willbrandblock

My biggest gains this year weren't #Bitcoin or #Ethereum They where via great projects like $SOL $GALA $MATIC & getting in before everyone else.

It's hard when you start out in crypto.
But heres a thread to help you find the next hidden gem.

This time on"Research".

1/ The inconvenient truth is if you want massive gains, you need to get ahead of everyone else. You need to find projects before everyone else & esp before influencers pump them.

2/ One great place to start looking for up & coming projects is the CoinMarketcap calendar. See the link below.
coinmarketcap.com/ico-calendar/

3/ Another great place to hunt is to look on smaller exchanges such as:

Kucoin: tinyurl.com/ps8svn2r
Gate.io: tinyurl.com/3zu6x66j
Pancakeswap: pancakeswap.finance

Buying here before big exchange listings like #binance & #coinbase can offer big upside

4/ $GALA GALA GAMES is a great example of this. Look how the price surged once it got listed listing on Binance and Coinbase. Prices tend to go higher on these exchanges for two reasons:
-More users & more money, greater potential cash inflows
-Validate projects legitimacy

5/ Be warned though 99% of projects will fail. However there is a high risk/reward ratio here... IF you have a high risk tolerance there could potentially be huge gains, IF you choose wisely.

But how do you choose? More info below 👇

6/ First look for a whitepaper. A whitepaper is kind of like a business plan for the project. Spelling out the vision, who works there, token utility and so on.

If there isn't one....massive red flag (🚩).
I would stop right there, and move onto to something else.

7/ If you do find one you need to check the following:
-TOKECONMICS
-THE TEAM
-USP (UNIQUE SELLING POINT)
-MACRO OUTLOOK
-PARTNERS & INVESTORS

I'll break each down more over the next few tweets

8/ TOKECONMICS.

This IMO is the most important factor to examine first. In fact its so important i created a whole thread on it here:

https://twitter.com/willposkett/status/1467603794838147072

9/ THE TEAM Part 1

-Are the founders or team not publicly facing 🚩
-The company not setup on Linkedin but already asking for funding 🚩

10/ THE TEAM Part 2

If you can find the team, check a couple of things.
-what relevant experience do they have?
-have they worked in the sector before?
-have they even built a successful business before?

11/ THE TEAM Part 3

Here is a working example comparing $GALA & $ATLAS As we can see a $GALA co-founder has years of experience at @zynga games (anyone remember how big Farmville was!). Whereas the founders of $ATLAS have little to no gaming experience.

12/ THE TEAM Part 4

This really matters because experience helps to reduce risk of failure, because:
- you've learnt from past mistakes.
-you have a network to lean in within the sector
-you know what works/doesn't

13/ USP Part 1

The truth is the world doesn't need another meme coin or yet another DeFi with ridiculously high APY. Try and find projects with something truly unique that separates it from the competition.

14/ USP Part 2

A simple working example could be $SOL #Solana. My hypothesis was that its lower fees, faster speed and easier programming language provided a real point of difference in the market.

15/ MACRO Pt 1

The real reason projects like $SAND $MANA & many other #metaverse plays have pumped recently was because of macro trends:
-success of $AXIE infinity saw many investors FOMO into similar projects.
-Facebook changing its name to Meta created a lot of Hype. 👇

16/ MACRO Pt 2

So you need to ask yourself what might be the next Macro trend. Personally i think Layer2s like $MATIC are ones to watch as $ETH fights off the threat of other Layer1s like $SOL, $AVAX . But DYOR no one is 100% sure on this. But if you get it right...🚀

17/ PARTNERS & INVESTORS

For me its a really good sign if top tier investors get into a project. Some critique it..but IMO good VC funding helped big projects like AirBnB, Facebook become some of the most successful in the world...so it can help crypto too.

End of thread.
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