Re: What did you look out for before investing in an altcoin?
1. Those team behind the project might be fake. Even if they expose themselves to the public, there is no guarantee that the project will be successful or they are here not to scam people. Influential persons are the ones that can manipulate the market. Don't forget about that.
Indeed, that is why we should really be careful when analyzing the profile of each team. It will be better if they have a good track record of the previous projects that they handle, at least, they can announce it in their real official social media that it is really him/her. Because so far, many team members use the fake profile of someone else to resemble a certain person.
3. real-world use-cases?
4. partnerships?
These are important. Moreover, if it can be proven as well.4. partnerships?
Additionally, real-world use cases should be the one that is really able to realize, not only in the theory that is very astonishing but unable to realize. This is such part of the fundamentals thing that a project must have.
And the whole must be analyzed carefully and smartly, as a unity, not only one or two factors of those things to consider. Because we may be trapped in some scams or Ponzi schemes.
Btw, I am curious about why should enclosing a telegram group of yours here. Is this the purpose behind the promotion?
countless projects with faces published already left in this market along with the funds collected from their naive investors. so i won't trust if it is just about the team behind the project. i am more on the actual use case and if they are really usable in our everyday life. because if the app is just for selected few, i don't think they can survive in this tough market. moreover, partnerships with established companies are also a very good add-on, as it means, it would be hard for them to just let go the project as there are entities relying on their platform. and if they are financially invested, i don't think they will like their partner to go down without a fight.