Thread by @gem_detecter

With uncertainty around the market at the moment, one thing that has become clear is that every project must be properly evaluated before investing

Whether its #DeFi #NFTs #Launchpads or some #Shitcoin plays

200% is the new 10x

How to properly evaluate a project
A thread 🧵

The team: this is really the most important. Most projects have anon team, and that's okay.

Look at their credentials. Past records & present involvement(s)
Pay attention to what they have said and how they live up to it.

Expertise and drive is what you want to see

Tokenomics - How many times have we seen great ideas + great team with bad tokenomics? Most of the "#Metaverse" and "#GameFi" projects have failed due to bad tokenomics.

If there are <5% tokens in circulation at launch and the rest unlocked in <4 years, that's bad!

Marketing - Most developers focus on building, hoping effort will speak for itself. That's no longer the case

A marketing budget is not even enough.
A dedicated team/person should be tasked with this

Otherwise, you're stuck with coin of a good project no one knows about

Funding - Funding cannot be stressed enough.
If you want good developers on a project and a solid team, they have to be paid.
Partnerships, promotions and marketing with great outreach costs money.

No money, project gets stuck.
A project raised $3m is great. But not enough

Utilities - Your favourite project has a great team, marketing budget and cool tokenomics. However, it turns out its just another fork, or has huge competition.
This won't go well.

Look for projects solving cool problems, or taking new approach.

That's how you make it

If you want the next 10 - 100x, then take this thread to heart.

Also, follow great people who share good stuffs. @thedefiedge & @thenftedge should be on your list.

Most importantly, follow @gem_detecter for the best calls. Our calls are #SAFU

Enjoys this, like and retweet!