Topic: How could i found a legit project? (Read 360 times)

I agree that it is very difficult to get valid projects but it would be wrong to say that new good projects are not available. Although there are thousands of projects in the market, if you are skilled and a good analyst, you can find a good project and expect to make a good profit by investing in it. Meme coins are always volatile and the risk trend is high there too. If you want to pick top or coins I think Ethereum, BNB, Solana which have done well this year and will make a good prospect in the upcoming bull season.

It is very difficult to find a legitimate project this year, especially since so many new projects have emerged, such as meme coin which is getting hyped. You can get results by having to be able to throw away your money in order to make a profit and I don't recommend that everyone is into meme coin. relearn the mistakes that have occurred, take a stand, choose the top altcoin that is worthy to avoid losses.

We can hardly say for sure that a new project is valid without looking at the basis of the project being developed, such as the web, ANN and also managers who are experienced and have successfully managed old projects. My advice is to stop following projects that don't have a special commitment and a complete team, even though the pay is big, many people lose out on the hype around every new coin because it's very easy to be tempted by big profits.

If you want to make a profit and avoid significant losses, stay away from meme coins based on the Solana blockchain. Indeed, you have already lost a lot of your capital in these rug pull projects, so there is no need to repeat the same mistakes again out of your greed for making fortunes in these meme coins that are specially designed to drain investors' money.

Finding a legitimate, non-rug project requires a lot of time and effort in research, examining the coin smart contract address, locked liquidity, and many other factors, and it also depends on luck. In the end, you will be risking your money, and your chances of success might be low, given the number of rug pull projects in the market now. Therefore, don't stress yourself out and invest your money in reputable and less risky investments and tokens.

We used to say that projects based on an ico campaign are necessarily failed projects, even if they are not fraudulent projects. Currently, the number of projects that adopt ico or airdrop campaigns has decreased, and projects are launching advertising campaigns as if they were successful projects and had a good reputation in the market. Of course, all of these claims are false and are nothing more than marketing advertisements, as if they are selling a consumer product (chocolate or biscuits), so it is difficult to differentiate between them and honest projects, which are always small in number compared to the number of projects that are launched in total.

My advice was and still is to invest your money only in projects that have proven reliable for a long time. People who are deceived by advertisements on social media are always people who dream of making a quick profit and do not want to wait long, which makes them exposed to great risks.

At least if you don't want to loss, it's best to avoid it, which if it doesn't match our heart's choice, you shouldn't be forced to try if you don't want to loss.
Because what I know is that things like this should not be used as a trial and error event, because later we will also loss after realizing it.
if you want to invest, you should look for something safe like bitcoin.

There's a lot of ways now to know if the project is legit or not, always have your strategy to do this and follow it. It should be start by doing your own research, from reading the project details up to following the community and of course if there's a hype you should be more careful to know if its a real hype or just a spam hype from fake people. If you don't want to fall into any bad projects, better to look at the top coins right now and decide where to invest more.

So sorry to say this, you still sound like someone that's new, I mean really new into crypto and I don't think it's good for you to be looking for a project to invest in yourself cause there are a lot you need or have to learn before taking about a project to invest in and for your information I don't think there's a project that is as legit or genuine as Bitcoin perhaps I am not assuring you that you can't incure loss or am not saying it's not risky cause as long as crypto is concerned risk is Paramount however, I suggest you look someone that is ahead of when it comes crypto to help guide and teach you more.

I was also a victim of many failed projects during the ICO trend a few years ago and it taught me a lot of lessons at that time, not to fully believe that a project is good even though it has been listed on an exchange because we don't know the full intentions of the coin developer.
Currently many use the Solana network, but previously the Ethereum network was what scammers used to develop projects that made a lot of money, and I'm sure that in the future there will also be other networks that scammers will use.
There is almost no benchmark on how to judge whether a project is good or not because it is all just speculation. The important thing is to only buy with money that we can afford to lose.

That's because you're doing it all wrong, you shouldn't be dealing with anything that you know is going to be nothing but just a rug pull scheme, there are tell tale signs of meme coins being like that, one of the best example is probably the overly exaggerated expression of the influencers that are trying to promote this meme coins, they highlight it's future and the prospect of the price going up and not the utilities but this one is a bit difficult since it's meme coins. For me, my best measure when it comes to checking the legitimacy of meme coins is if they don't really care about anything, that's it. Most of them don't make it big after all and I think that they all know that, it's probably a you problem now and not them anymore.

In my view, if we invest in a new project, it's like gambling, risking our hard-earned money by exchanging it for the coins or tekon they sell, then we just have to wait for the coins we get to be listed on a market exchange, where if we're lucky, the coins will have value, if not, the coins. it will be a display in their wallet, not like the brief explanation, yes, I know, not all new projects are all scams, there are certainly some of these newcomers who are real projects that might become the next trend in the crypto world

We've lost money and also made few to take care of ourselves in the market. Nobody have the power to change market because it's seasonable. It have necessary pressure, more will Spotting out a legit project in the market, how it would be? The road map, network are the main crucial phase to successfully pass through, its tough but bigger. The market is different and it comes with huge advantages and disadvantages for their investors, when it involved traders.

Why are you still going after memes and have big believe in people that are trying to hype those projects for you thinking that you’re going to make it big if you invest in such projects. You haven’t learnt your lessons after losing a lot of money in past projects and still want to put your money into this new project you call ghost face. The truth is that there are meme killer projects, but to get one in a million is very hard, so why waste time and put your money into something that you’re not assured that you’ll get a return from. There are so many other solids projects out there and even some memes you can try as well that have already made name in the crypto world. Invest in meme at your own risk and only put what you can afford to lose in them. If they do well, then you’ll enjoy and if they don’t, you just have to let them go since you must have made up your mind to go with any results that comes from it.

Honestly, if it's related to a new project, especially meme coins, whether it's on the Etheruem blockchain, BSC, Solana or others, we really have to be prepared for all the risks. Because meme coins are full of high risks. It's like, it's only based on hype, if the hype is over then it's over, it won't come back again, or it's very rare for it to come back again. The point is, if the coin or new project has skyrocketed and the rate of increase is very high, don't ever go in to buy it, because that will end in a rug pull and you will lose your money.

If you are really interested, then observe and analyze projects that are just starting to grow and are being hyped, but just at the beginning, make sure the money you invest is only a small amount, don't go all in or especially with a high nominal amount. because it's like if we're just gambling on a new project, sometimes it's good, sometimes it's not. because the results we do sometimes don't match the results in reality.

Honestly, rather than continuing to analyze and spend money on meme coins or new projects that are not yet clear, I would be better off just going to top coins. That's still a risk, especially those that have just been hatched and are hyped. That's really risky. If you often lose money from new projects, why do you want to continue investing there?

All new projects are not scam and most of the new projects are profitable but sometimes people get involved in scam projects because they don't make any examinations before investment about the coins but want to get a bigger reward. It is not a shameful idea to take benefit from new coins but making little investment in new projects is that opportunity which everyone should take to make themselves bold, experienced and profitable.

Old coins are good but it does not mean that we Will always be dependent on old coins and will not take advantage of new coins therefore try to invest little amount in new coins and use them for short term investment. In bull season many creators are in struggles to originate their scam project therefore try to read well about the project and be careful during bull season.

It's a shame to waste your hard earned money on new projects that are mostly scammers. You can divert those funds to safer old altcoins that have been sitting on various market exchanges that have been tested and have gone through various bear and bull seasons. In my opinion, that's a wise choice rather than having to bet on new projects that don't necessarily have a future like old altcoins

I think yes that all beginners experience what you already had but we are wise and knowledgeable now to avoid them. The hype now are on Solana, so expect that scammers will hang out here.

If you want a project that already reached a million Marketcap, I think you can easily find them on older projects. You can also search using that keyword> "Million Marketcap crypto projects" on Google or on crypto ranking sites like Coinmarketcap an Coingecko. The project you found is interesting if it's true that the team don't own tokens. I don't usually believe on a project killer but with that feature, then why not? They could even kill other non-meme coin projects.

Ho do you do your DYOR?

Most people invest blindly hoping for 1000X because some influencer shilled a project where either got lots of money or is part of the project, but not on paper.

How many of you verify the team?

For our project Zesh Apps, we have the core team with LinkedIn profiles on our main page.

Do you do a deep dive? Check Litepaper, Roadmap, past announcements, mentions on different social media? How old is everyhting and so on?

If you do all of this, the only concern could be that the business doesn't work as expected to cerate adoption and make money to cover the expanses. But if you know basic business you will realize soon that many of new projects don't have a solid plan and just play with the numbers

As long you do a proper DYOR + Diversification it should be fine.

Remember, even legit projects could fail, or rugs could go up, with experience you will learn the red flags and when to get out.

It is definitely going to be difficult for you because most of the new schemes these days are scam winners. So you should invest from new best projects and always buy at cheap prices. When you are sure when you can place your investment from top coin. As you can buy and hold bitcoin, eth and sell at small profit. Moreover if you want to invest in new projects you should invest from ido.

I have never been a victim of memecoin projects, and I strongly believe that I never will be one day. This is primarily because I am not a fans of MemeCoins, I am fully aware of the significant risks they inherently carry. In fact, considering the rapid emergence of new projects on the Solana blockchain, it is quite alarming. It is evident to me that 99% of these projects are scams. I genuinely do not understand the purpose behind most of these projects.

Therefore, my advice to anyone considering investing in cryptocurrency would be to stick with Bitcoin. I believe that it is highly unlikely to regret investing in Bitcoin. However, investing in other alternatives coins apart from Bitcoin is with high risk. There are some altcoins with relatively lower risk, but none can be compared to Bitcoin in terms of stability and lower risk. Bitcoin offers a certain level of assurance that other coins do not. Hence, it is wise to avoid taking unnecessary risks when it comes to investment.