Thread by @gem_detecter

Some of the best gains you can have is joining a #Presale. You can make 10, 100 or even 500x on a good one.

But the chances are very low tbh
Most #Presales are just cash grabs for the team, or a way to make more money for VCs 🙄

Before joining any #Presale, read this

A🧵

🔹 Development: What level of development is the project at? If its project with working product, awesome!
That's the kind that gets you 100x. But difficult to get into 😅

If no product aside from website with nice graphics & fancy words, you're in for a turbulent ride

🔹 Utility: Whichever coin/token you want to buy in #Presale, check what utilities it will have.

If it's a #GameFi project, will the token be used for in-game purchases and #NFT buys?

Projects with a #DAO off the bat usually has more token distribution = good for price

🔹 Seed/private raise: You really want to know exactly how much was raised in the seed round.

These investors will want to get their money back along with some profits, right? So the question you want to ask is "when?"

Lock up of >6 months with vesting schedule is good

🔹 Tokenomics: This is where it can all go south pretty fast. Find out how many % of tokens will be in circulation all Vesting and unlock schedules

What % is available for you at #TGE

Staking for more token is good. Bad tokenomics will get you diluted pretty bad

🔹 Partnerships: Just like you need friends for several reasons irl, projects need partnerships. Good ones

Who are the partners?

A project with confirmed partnership from big names will be huge

A retweet from the chain project is launch on will be awesome

There's a lot more to pay attention to for a successful #Presale
🔻Bots may ruin the launch as well
🔻Wrong contract can be deployed

If you find a project that fits this thread, it's likely to be a successful one

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