Thread by @cryptocrushmia

I joined #crypto in 2019 with $1500 and after 1 year I made my first $500,000

I didn’t do it with $BTC or $ETH, I did it with:

$BNB x30
$XVS x100
$SHIB x50
$CAKE x55
$FLOKI x80
$BAKE x25

This is how you can do the same with the #BSC ecosystem 👇🏽

When I joined crypto in 2019 I did a lot of research on what assets to buy.

I decided to go with $BTC, $ETH and $BNB.

$BNB has outperformed both $BTC and $ETH

Binance reported over $20B revenue and over $7.7T volume in 2021! 🦄

The $BNB token has a token sink mechanism where fees on the platform can be paid in BNB for a discount 🔥

Meanwhile most #altcoins in the top 100 are heavily inflationary and generate no revenue 😕

$BNB vs $ETH has mostly been in an uptrend since the beginning 🚀

$BNB vs $BTC does not care about the bear market 📈

@CZbinance hasn’t stopped delivering new features and #altcoins and honestly I feel safer having assets on my Binance account that I do on my hardware wallet ♥️

I have swapped all my $BTC into $BNB, and I’m 100% convinced $BNB will reach $1,000 in the short term and likely $10,000 in the long term if Binance and the crypto market keeps current macro growth 🚀

However I think the most amount of money can be made trading low cap altcoins and new Binance listings 🚀🚀

I recently read a thread written by @MacnBTC about keeping an eye on new Binance launchpad altcoins 🧠

Binance launchpad altcoins always pump hard eventually Binance has to keep it’s good reputation! 🥳

https://twitter.com/MacnBTC/status/1568705898905829378

$BNB helped me kickstart my journey but I made most of my money being early on the low cap altcoins on the BSC chain ecosystem ⚡️

So how can you earn money on early #BSC projects that haven’t gone x50-x100 yet?

Let me show you! LFG 🚀

I will explain how you can make money by being early on lowcaps and alts that haven't pumped yet 🤪

There are mainly two ways I use to find new assets! 😘

1) coinmarketcap.com/new/

2) dexscreener.com/bsc/pancakeswap and sort across the last 24h

When using dexscreener to find new assets we often find assets very early, sometimes even before they are listed on website like coinmarketcap and coingecko. 😚

We can then go on twitter and search all the coins by their cashtag $ 😃

here we search for $FLOKI 👇🏽

By checking the mentions we can quickly check if there is a new and strong community forming around the coin.

This has helped me find amazing opportunities and I recommend everyone checking the cashtag mentions before they buy into the coin 🚀🦄

Finding new assets is one thing but checking if they have potential is another 😵‍💫

Here is a checklist I use to determine if the altcoin is a good buy! 👇🏽

- How big is their community, is it organic and not just fake followers/bots? 😧

I like to check the size of their community compared to how old it is. It is also easy to see how active the community is if you join their telegram/discord channels

If it’s a meme coin I will make sure to check the source code for rug pulls. Smart contract has to be public and you can check the code using websites like 👇🏽

- Tokensniffer.com
- Honeypot.is
- Unixtimestamp.com

Honeypots, aka rugpulls are very common. In fact 97.7% of tokens launched on Uniswap are rugs according to arxiv.org/pdf/2201.07220… and this number is likely higher on BSC as the deployment cost is much lower!

Fortunately, there are ways to check the smart contracts of a token to ensure it is legit.

Tokensniffer.com is my favorite tool to check smart contracts before buying. You just copy and paste the smart contract into the website and it delivers a trustable audit.

- Team has locked tokens/Admin keys are burned

If the team is anonymous (very common on meme coins) it is crucial that the team has locked tokens. This simply means that they can not market sell the entire supply and rug you.

app.unicrypt.network/amm/pancake-v2… is the best resource to check for locked tokens.

For meme tokens, it’s necessary that admin keys are burned. If admin keys aren’t burned, the smart contract can be altered to actually mint unlimited tokens out of thin air.

- Narrative behind the token?

Like mentioned before searching cashtags on twitter is a very powerful technique.

Memes are a great sign along with high follower counts/engagement on the twitter accounts of tokens but be careful for fake bought engagement

- Try to find out how/why the token was created. Some tokens have interesting origin stories that make them stand out.

For example $SHIB, $FLOKI and $BABYDOGE which has been some of my biggest winners which are basically community ran BSC forks of DOGE narratives.

Community is one of the most important metrics to gauge for determining wether or not to buy a token.

When you buy a token, you essentially are joining that community so it's crucial that you understand exactly what you're buying into.

Social mentions and engagement, shared links, bullish sentiment, posts across all social media platforms are some metrics you can use to determine how strong a community is and how fast it is growing

my favorite resource to track community strength and growth is @LunarCrush

Here you can see every metric you could want to know about a community ♥️

This can be extremely valuable if you are able to found tokens that have very high social scores and very low marketcaps 🚀

Tokenomics is another big and important factor in determining if an altcoin is going to be a good buy or not! ♥️

One of the biggest factors if a token is a good buy or not is how it has been distributed. 👇🏽

1) Has the token had a fair launch or has it been sold to VCs/ had presales?

If the token had a fair launch it is crucial for us to investigate and keep track of the top wallets.

You can use tools like BSC scan and go under holders to see what wallets have the highest percentage.
bscscan.com

Many of the tokens are split across multiple chains so make sure to check the etherscan also 🦄

What tools like BSCscan and Etherscan can tell us is 👇🏽

- How much % of the token the top holders have (whales). More whales does not equal a bad project but can signal a poor distribution. We want a lot of holders with small chunks each 🦋

- If the top holders are selling or increasing positions: If we check the top 15-30 wallets and see that many of them have been selling or exiting positions it is probably not a good idea to buy right now 🤪

- How much % of the token does the team control? If the team has 20% of tokens and then another 30% in the ecosystem or under some other label it might signal a red flag 😵‍💫

2) If the token has raised from VCs it is important to understand which ones 😃

If it is low quality VCs that are there just to sell on us the token is obviously not a good buy 😂

On the other hand if good VCs such as Binance Labs have invested that is a green signal. Binance Labs is the main driver of the BSC ecosystem and investment from them is a stamp of approval of the project - it basically means it might eventually get listed on Binance.

Token inflation: Try to figure out the inflation schedule of the token. Are VCs getting tokens? If so, when? How are the emissions for the token? 😵‍💫

I will write an in depth tutorial on this soon 😘

Okay this thread is getting long so that is basically a summed up version of the checklist I used to find x50-x100 #BSC gems 💃🏼

There is however one more method that helped me grow my portfolio 📈

Airdrops 😘

People have earned $10,000-$100,000 on Airdrops during the bull market 👀

Airdrops are an amazing way to grow your portfolio especially if its small size 🦄

I remember I earned airdrops such as $1INCH, $UNI, $ENS and more during last cycle that boosted my portfolio by a lot ❤️

Airdrops have been life changing for me. Let me show you how you can do the same with a few hours of work

👇🏽

Join these channels that post about airdrops on BSC.

t.me/AirdropBSC_Com
t.me/MoonPadAirdrops

Before I end this thread I just want to thank the people that helped me earn money in #crypto since I started ♥️

@cz_binance
@trader1sz
@MacnBTC
@CryptoWendyO
@CryptoWizardd
@Route2FI
@AltcoinGordon
@Route2FI
@cryptunez

I will be posting all of the 50-100x lowcap #altcoin gems and airdrops I find so make sure you are following me 👇🏽

@cryptocrushmia

See you next time ❤️😘❤️