I am just recently getting into new crypto projects and dont know where to start from whatsoever, i do understand some projects are completely useless while some other projects can be promising, how to investigate on those ?
Theoretically, some elements to be researched for the new projects should be:
- Their WP
- Developer and team
- Token or coin utility and fundamentals
- Exchanges for listing
- Their roadmap and the realization
- Promotion
- Community approaches
and some otehr probably
But in fact, although we have analyzed at least what I mentioned above, those will not guarantee that our analysis is 100% true.
Because scammers could also make those projects seem like very true.
Or, sometimes, shit projects also make the project seem to be very good.
That is why always be careful and know what to do and not to do. If you are newbies, why don't you invest only o top coins or Bitcoins rather than gambling on new projects?
But with the project OP provided, I think you don't need to spend time researching these, check out the APY they provide right on the homepage, it can be said that this is a scam project that will not have a happy ending.
Their project reminds me of a project with high APY like helena.finance, this project seems to be a clone of helena with high APY promise aimed at attracting newbies, they don't have much knowledge but prefer high profits. Helena quickly fell apart within a few weeks of its launch and I believe a lot of people lost money because of it, with these projects should stay away and do not waste time learning them.