Hello!
I want to know how you choose projects for investment?
At the moment I'm focusing on the Near Protocol.
I bought it back in early April and don't miss the chance to mention it.
What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook)
2. Strong community (more than 100k on Twitter and a very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross-chain)
4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
It seems to me that now with the choice of the project everything has become more or less clear. If you don’t understand technology, then a very good factor in choosing a project is the quality and quantity of funds that have invested in the project. In fact, large funds are already giving the initial capital and start-up for the project, which allows you to be more or less confident in your choice.
They are very good statements and should be taken into account to do the pertinent research for when there is a project that is really worth the effort, but due to what they say, sometimes the ideal is that it be fulfilled when these steps are followed, but for the year 2021 these things or advice became obsolete with the NFT games, where many launched their game, even putting their own KYC they still scammed people, I think that the requirements for new projects should go far beyond a KYC or anything else , there must be a very strong regulation for people to fully trust again.