Post
Topic
Board Altcoin Discussion
Re: Ways to Research a Token/Coin
by
irhact
on 05/04/2024, 13:13:37 UTC
What criteria do you look for when you research a token/crypto? And what tools do you use to do your investigation? Please provide as much details, examples, walk throughs, tutorial links as possible.

Like if you want to know what percentage of a token is being held for a few VC's, developers, initial investors, etc.? Or how do you monitor inflows and outflows over a period of time?
.

The way I do my research is to follow some big handles on twitter that's talking about the project that I have interest in. I observe the things that they're using to try to promote the project then I research more on those things with the trending hashtags of the project. It might be their token name or project name to see what others are taking about the project on X. After I get a satisfying answer that the investors are genuine investors and not shillers then I look at their token distribution.

Before investing into a project, always look at the way the tokens are distribution so you don't invest into a project that the teams is holding most of the tokens and they can dump them on the market when they feel like and exit the market without having any punishment for their scamming actions. If a majority of the tokens aren't circulating, I'll avoid investing in that particular project and look for a better token.