Hey guys, what should you pay attention to first when investing in startups? Now everywhere they write about the new project CheckDot, which has very great prospects, but I'm not sure whether it's worth investing in it. Tell me, do you invest in little-known projects? And what do you pay attention to first of all?
At first you should always check every information that is available about a new project. The most important ones are the whitepaper (or at least a litepaper) and if they don't have such a thing then that would already be a red flag for me. You should always check the team members of the project if they have experience and stuff like that and the tokenomics are also a very important factor. You should always check how high the initial marketcap of the project will be. If it is very high, like 5 million $ or more i would also stay away from that project.