Here are the basics I gotDoes it have a website? I mean this is a pretty obvious one. You can tell straight away if something is offRead the whitepaper. Big words and empty promises are red flags. Does this stuff make sense?Figure out who the developers are. What's their background, how experienced are they? Are they even real?Is there a github? We can actually see the project and if they are actually working on it. Does the code make sense?Think about uses cases and how big the potential market is. Who are the biggest competitors? Important: The biggest competitors are very rarely other coins, but actual real world companiesDo they have contact points? Is there a Telegram or Discord group that can offer transparency on whats going on?Is success of the product behind the coin tied to an increase of the coins value?What else needs to be done?Edit: Be careful if they are overusing trendy buzzwords like Defi or deflationary. They are quite popular at the moment.
Submitted July 24, 2020 at 12:04PM
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