Thread by @NodeSenpai

1/20 How I Find and Vent Projects 🧵

Breakdown:

- Where I Find Them and What I Do Then

- Most Important Factors

- Node and Tokenomics

- Utility / Purpose

- Future Plans / Roadmap

#avax #eth #bsc #bnb #ftm #matic

2/ Where I Find Them and What I Do Then

1) Twitter - search #nodes #naas #daas #passiveincome #nft

2) @PreExponential, @DazaiCrypto, @TheBreadMakerr, @JamesPelton18 posts (to name a few)

3) People DM new projects often. Keep doing it! I love it

4) Shill channels in Discord

3/ First thing I do is pull their Twitter and look it over.

Next comes the Discord link, usually in profile info.

There I comb through Announcements, FAQs, and Official Links.

Next I go to website and read EVERYTHING. Yes... everything

Lastly, the WP. Most important piece. 👌🏻

4/ Most Important Factors

While reading everything, I'm looking for a few main things:

- KYC ✅

- DOXXING ✅

- MULTISIG ✅

- LIQUIDITY LOCKED ✅

- CODE AUDITED ✅

- NODE INFO ✅

- UTILITY ✅

- FUTURE PLANS ✅

5/ KYC and Doxxing

To be honest, these two factors aren't a deal breaker for ME. Keyword - ME. They can both be faked and does nothing to stop a rug. I also feel crypto and defi give us the power of anonymity through the "Verify, Don't Trust" motto.

6/ The CODE should talk for itself. Now I get "real world" companies have public figures and it looks more legitimate.

I definitely prefer a KYCd and Doxxed project, but I'm also not going to nix it JUST for that, as long as the other factors look good. But you do you boo boo.

7/ Multisig and Liquidty Locked

These factors are definitely top priority. Are they 100% fool proof and add 100% feel good fuzzies, no? Absolutely not.

The team and community members/CT influencers could be "in on it" and then what stops them from theft?

8/ But, with them in place, the longer the liquidity lock and the more multisig participants needed, the more likely I'm going to trust the project and feel comfortable getting in.

Code Audits are great too. Fool proof and 100% safe? Still no, but better than no audit.

9/ Projects willing to have their code audited I feel believe in the project more and want to say they have nothing to hide.

Another HUGE YES is open source code.

Combo of an audit and open source? Yes please!

10/ I like projects that tick the multisig, liquidity locked, and audit boxes.

KYC and Doxxing are cherries on top for - again - ME. If they're a must for you, there's nothing wrong with that and more power to you.

11/ Node and Tokenomics

- How much for a node
- Reward/day
- Claim Tax
- Sell Tax
- Buy Tax
- What happens when a node is created
- Token distribution

Obviously low token cost for node creation and high roi is most attractive, but it's also the most high risk.

12/ Especially when pre-sale was $1/token. Look at $STRZ, $NEBU, $MFER, $DINO for instance. Came out the gate swinging and look at them now. Not saying they're all bad projects, but they won't be able to sustain what they're offering long term.

Projects like $COMB and $THOR

13/ have a better model. ODIN nodes costs 78.125 THOR and yield 1.02 THOR/DAY. So token ROI is 77 days.

$COMB ranges from 104 - 112 day token roi.

$DINO is 20 a node / 1 a day = 20 day token ROI.

$STRZ is 10 a day / 0.66 a day = 15.15 days.

Now which is more sustainable?

14/ Tiered Taxes I feel work best. Whether it's 30% sales tax first week, then 20% for a month, then 15% after, etc.

Same with claim tax. All projects should have tiered claim tax. The longer you accumulate the less the tax. This would help keep dumping at the start.

15/ I also look at the breakdown of where tokens are distributed with a node creation, sell, buy, etc.

The healthiest chunks have to go to Reward Pool and Treasury, IMO. This is what goes to keeping the project alive and paying out rewards.

Dev, marketing, team fees 20% or less

16/ Utility and Purpose

Without these in place, how will the project move from ponziomics and be able to sustain itself?

Some projects launch without mentioning anything other than TBA.🚩

I look for projects looking have already created something, or plan to.

17/ Future Plans and Roadmap

Roadmap can speak volumes and what the project is trying to get done, or has done. Having ONLY stuff like "cmc/gecko listing", "top tier exchange listing", "update wesbite", "build" are not future plans but marketing tactics to give you hopium.

18/ I want to see stuff like, "NFT collection", "provide fully decentralised trading platform" (@smart_nodes), "p2e games", "investment of treasury funds", you get the point. Stuff that already exists, or will exist, to keep the project alive.

There's a LOT into picking good

19/ projects, and even some you think are great will rug on you. It's the nature of the beast and you've got to be careful and understanding that ANY project can do it.

Find a system that works best for you. What are the important factors for you? What do you like to see?

20/ As always - This post is NFA, DYOR, ALL investments in crypto, especially nodes, carry risk, so invest at YOUR own risk. Invest what you can afford to lose, as they say.

You can make a lot of money in this space though. Play it smart and safe. Be careful out there.