10 red flags when choosing a project.

09 Nov 2022, 04:43

10 red flags when choosing a project 👀 🚩 No technical document: if the site does not have a detailed technical description of how the project works, then you have a hastily made cryptocurrency or a scam. 🚩 Bad site and White paper: The site and the White paper are what users who want to get acquainted with the project see first of all. 🚩 Superficial Roadmap: A project without a detailed roadmap is a project without a plan and goals. The roadmap not only shows plans for the future, but also the goals already achieved. 🚩 No information about the team and partners: anonymity is normal. 🚩 There is no clear target audience: there are no projects that solve all the problems of the world and are useful to all people. 🚩 Tokens do not have useful use cases: it is important for developers to come up with really useful use cases for tokens so that there is constant demand for them. If they are created just for show, then this can be a red flag. 🚩 A lot of words, little action: good marketing is very important. But if the project team only talks about how cool the project is, how it will change the world and how much money investors will earn, then it is better to stay away from it. 🚩 Bad tokenomics: Good tokenomics is critical to the long-term success of a project. If the developers have poorly thought out the mechanisms for maintaining the value of the token, then the project will repeat the fate of LUNA. 🚩 Bad social media atmosphere: Social media is an important channel for communicating with users. If the project is endlessly hyped in social networks, it doesn’t post. 🚩 Write the 10th red flag in the comments! Tell us what criteria you use to analyze projects. Comments are open here.⬇️👌 #Zelwineducation