Part 4| Abuse; For Beginners

[kreo]

HI Guys

• DYOR stands for Do Your Own Research and is often used in the cryptocurrency world. Sometimes some admins may use this term for their own purposes, so it is very important for us to do our own analysis of the project.
• Shilling is a common practice in cryptocurrency, where people tend to advertise coins they possess in hopes of positively affecting the price. Again, people can use it to their advantage to drain their assets.

How to check the project?

• Website - Here you need a simple visual check - how well it works, what font is used, check the pictures, photos of team members and art for their originality (through a search on the picture), the name of the site itself in the address bar, clickability of links and the logic of building a site
• Blockchain - If the network is just gaining momentum, but is already recognized by experts as promising - a project on such a network can already give X's simply following the growth of its blockchain token
• Investors - Of course, the presence of significant funds that pour money into the project will not allow the developers to relax and will definitely try to squeeze the maximum out of it, and this is to our advantage. Today there is a gradation or definition of "Tier", which reflects the level of "coolness" of the fund, partner or backer. And the more such partnerships a project has, the higher the tier, the more promising your investment may be. Each fund values its reputation, has its own portfolio, tools and criteria for assessing projects in which it invests the money of its investors
• Whitepaper - This is where the most important thing about the project, its essence. It is from here you can get the idea of the project, its vision of the developers, the mechanics of implementation and relevance of the idea. Here you can decide - if you take a token, for what prospects and with what objectives.
  If the Whitepaper abstractly says that we will come and change the world for the better, buy our token faster, it will only get more expensive - this is a bad signal. A good project should have a coherent business model and it should not be a duplication of existing technology.
• Roadmap - An important part of the project, sometimes included in the Whitepaper. From here you can look at the development of the project and correlate - what to date the project has actually achieved and look at the compliance of dates from the roadmap. From here you can see what plans the project has and how feasible they are
• Tokenomics - It is mandatory to count how much and how much they gave to early investors, the team and other developers, when they have unlocks, when you have unlocks (if you have them), what the project plans to allocate money and in what ratio, what capa the project and what sup-plai - all this must be checked and it will become clear how it is in the short term and who benefits. Here you can also see how much the developers themselves can do the math. It is important to pay attention to the number of tokens from developers.
• Media - Always look at the asset. All projects spin their audience and this is the norm. But if there are 100 followers on Twitter, and in discord out of 100k participants, online 5 people - skip it. Also in discord do simple math = 100k participants and each person brought 20 invites = 5000 real participants.
• Team - It is definitely worth checking the team members, their experience in similar projects, their role and specialization, whether they are involved in the development of other projects, check the profile on Linkedin and generally public mentions of their successful/unsuccessful launches. Sometimes the project is really promoted by famous, media personalities, but the founders themselves remain non-public. This should be alarming. However, many crypto-makers prefer anonymity, worrying about personal safety.

What's next?

• Learning about cryptocurrencies. Gaining knowledge.
• Make a farm of 30 accounts (minimum).
• Get into all sorts of projects, while trying not to invest money at all.
• Read more articles in my profile

P.S This article gives only superficial knowledge and it is not enough in the future articles of this kind are planned so watch out
If you don't understand what we're talking about, or just want to know more, go to my profile and go to the topic - 1| Abuse; For Beginners