How do I find value in a project and/or if it’s worthy to mint? A beginner’s thread🧵
“I found a project, but I don’t know what to look for.”
Start with their Twitter Page and/or Discord if available. The most information you’ll find will be on these platforms.
“I found a project, but I don’t know what to look for.”
Start with their Twitter Page and/or Discord if available. The most information you’ll find will be on these platforms.
Utilize the resources at hand.
If there is a Twitter available, you may notice links in some of the bios. Those links are usually a website created for the project specifically. There you can most often find an “FAQ,” “Meet the Team,” and sometimes even a roadmap within the site.
If there is a Twitter available, you may notice links in some of the bios. Those links are usually a website created for the project specifically. There you can most often find an “FAQ,” “Meet the Team,” and sometimes even a roadmap within the site.
Overview all Information:
Whether given on Twitter or Discord, the information of FAQ, the team, and roadmaps can be extremely crucial. Pay attention. You will have to go through a series of questions to help identify the project’s strength. Research is key so be cautious.
Whether given on Twitter or Discord, the information of FAQ, the team, and roadmaps can be extremely crucial. Pay attention. You will have to go through a series of questions to help identify the project’s strength. Research is key so be cautious.
When was the project created?
[Have they been around a while? Have they built since they began or have they been at a standstill?]
Who is the team behind it?
Research all names available.
[What have their past projects/involvement looked like, if any? Are they knowledgeable?]
[Have they been around a while? Have they built since they began or have they been at a standstill?]
Who is the team behind it?
Research all names available.
[What have their past projects/involvement looked like, if any? Are they knowledgeable?]
When researching a team, you do just that.
Research the WHOLE team.
[How does the following of each founder look? Are they reputable, created a name for themselves, or are they building to attain trust in the space? Has ANY of their team been a part of a rug?]
Stay woke.
Research the WHOLE team.
[How does the following of each founder look? Are they reputable, created a name for themselves, or are they building to attain trust in the space? Has ANY of their team been a part of a rug?]
Stay woke.
Twitter Following?
[How does the publicity look? Are they marketing? Strong following? Have you tried sites like followeraudit.com for fake followers? Are they building on hype or are they authentically growing their following with marketing strategy?]
[How does the publicity look? Are they marketing? Strong following? Have you tried sites like followeraudit.com for fake followers? Are they building on hype or are they authentically growing their following with marketing strategy?]
FAQ/Roadmap?
[What is their utility? What do they provide for their community? What are their plans going forward? Is there transparency about what the funding will go towards? P2E? Staking? Tools? Nodes? Discounts on resources in the space?]
Ps. Community/Staking isn’t utility.]
[What is their utility? What do they provide for their community? What are their plans going forward? Is there transparency about what the funding will go towards? P2E? Staking? Tools? Nodes? Discounts on resources in the space?]
Ps. Community/Staking isn’t utility.]
Discord?
[Are channels organized for community to view information at ease? Do they have a system with their team working on every aspect of the Discord? Are the chats overly flooded or authentic conversations? Do they provide announcements/updates? DMs already getting spam?]
[Are channels organized for community to view information at ease? Do they have a system with their team working on every aspect of the Discord? Are the chats overly flooded or authentic conversations? Do they provide announcements/updates? DMs already getting spam?]
AMAs?
[Does the project hold AMAs? Do they answer every question without hesitation? Do they hold AMAs just to say that they do or are they actually sharing useful insight on what’s ahead?]
Join in any AMAs if possible.
It can tell you a lot about a project and their confidence.
[Does the project hold AMAs? Do they answer every question without hesitation? Do they hold AMAs just to say that they do or are they actually sharing useful insight on what’s ahead?]
Join in any AMAs if possible.
It can tell you a lot about a project and their confidence.
There are many things to be reviewed when researching a project. Don’t rely on “alpha” to provide all the research. #DYOR
There can be so many red flags ignored due to lack of research. Don’t get caught on the other side stuck with an L because lack of effort to research.
There can be so many red flags ignored due to lack of research. Don’t get caught on the other side stuck with an L because lack of effort to research.
Projects that are confident in themselves and have some thing to offer will be able to prove that to you and it won’t take much to show for if they are doing all they can to provide value. There are builders working their ass off. These “hype” projects won’t last long.
Value>Hype
Value>Hype
I hope this can be resourceful for some of you beginners. There’s more to NFTs than “wen WL” and “should I mint?”
Leaders, builders, and alpha callers cannot make your financial decisions. Nothing is Financial Advice. You are required to take action for yourselves. Learn to Earn.
Leaders, builders, and alpha callers cannot make your financial decisions. Nothing is Financial Advice. You are required to take action for yourselves. Learn to Earn.
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