Hey there, I’m always searching for new blockchain projects to invest in. But it’s hard to pick the winners early on. So, over time I’ve figured out a way that works for me; and now I want to share it with you.
First off, I look at the people running the project. To me, the team is everything. In my opinion they should have experience with blockchain or similar stuff. If they’ve done well before it gives me more confidence in their current one.
Then what I do is read their whitepaper. Now, I’m no tech wizard but I try my best to understand what technology they’re using and what problem it solves. If their solution seems practical to me then that’s good enough as any other sign that could be given.
For me, community is another crucial point. Normally, when it comes to an active and helpful community in a project, things are looking up. What I love most is seeing people discuss about the project by asking questions or extending help to each other; it makes me feel like being part of something great.
The second thing that affects my decision making process has to be partnerships. It could be anything; if this company works with famous organizations or businesses then I know they have support from within their industry which usually means good news for them.
And obviously technology itself matters too- what sets one apart from others? The answer lies in finding projects that bring something new into space through innovation alone. They might have unique features, scale extremely well or boast state-of-the-art security measures but no matter what they should offer more than just another coin/token.
I also always check out the project roadmap. I think of it as a roadmap to where they are going, and I want to know that it looks like they’re going in the right direction.
Another big one for me is market potential. I want to see projects that solve real problems and have a large market to address. If there is a wide market being approached with a strong solution that’s good sign for me.
Tokenomics has become something I pay attention too as well. I want there to be utility behind the project's token and for the tokenomics to make sense. When a token has an obvious purpose and the model seems sustainable that’s good sign for me too.
Lastly, I always look at security measures and audit reports for the project. This is to ensure that my investment is safe.
And that’s it! That’s how I hunt down blockchain projects with potential long before anyone knows about them. It’s not perfect, but it’s served me pretty good over the years. Have a good time investing.
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