Topic: How could i found a legit project? - page 3. (Read 385 times)

I see what youre doing. You are trying to get an early access to new projects by being first or early thats a risky gamble but if its panned out then youre gonna get good profits for being an early bird. However it has its cons too, as potential rug might be an indication. I used to join so early on some degen and some gain profits some arent. The trick here is too feel the vibes of the project. If its turning positive and you already see some hype closely watch your position if it moves too many leg up then dont forget to profit and leave some moon bag in that way youre out of risk and might have chance to gain a diamond mine.

1. Only invest 5% of your bankroll per trade (This must be followed no matter how appealing the project sounds).

2. Use online tools for checking rugging possibilities, like rugcheck.xyz make sure the score is at least ''good''.

3. Check for connected social media accounts and engagement. Go to Twitter to read comments and have a feel. Do not invest in newly created Twitter accounts with a few followers. Join their telegram group and have a feel.

4. Do not try to invest prematurely. Usually, good meme coins grow in two cycles. First, right after launch and second, when all devs are out, the initial profit takers are out and the community is taking over. The latter one is real stable growth, and you should look for it rather than snipping with bots on newly created memes.

5. Looking for suspicious bot trading aims to pump, check wallet transactions and looking for patterns (This skill requires practice and experience like any other).

6. Stay away from projects having a few people holding large amounts. (you can check that with rug checking tools look for 3-4% maximum. Lower is better).

7 Liquidity pool must be burned, run miles if liquidity is not burnt.

8. Believe in the project, if the narrative does not make you laugh, emotional, whatever chances are, it is not good, no matter how good token economics is.

9. After investing, just don't sit and wait, share it with family friends and social media.

10. Lock some profits always.

It's really difficult to filter out the legit projects hence the only option we have is sticking to the basics of checking their whitepaper, roadmap the dev team and their previous project or work and how successful they were and the most importantly their partners and if their partners re reliable and if they already have reputation and then an official confirmation from their partner acknowledging their involvement as some just randomly name any big organisation as partners. Else stick to top altcoins.

Stop following unknown project that being promoted by random influencers in the social media. I suggest to follow trustee venture capital like Binance and other well known VC since they frequently promote new project that they are invested earlier before the project was officially released in the project.

Or stick to the basic, just buy tokens within top 100 marketcap on coingecko and coinmarketcap to guarantee that you will not fall victim to scam since most of the rug pull projects are those new project that doesn’t have a good background or vc supporting them.

Lastly, avoid memecoin at all cost!

Are you guys also a victim of a rug projects like me i am now fed up with the meme coins specially on solana most of them are rug and the projects who reach to millions of Marketcap is really hard to find and when i found them those coins already at their ATH. Tell me how could i found the legit project and how i can make profit because from the last 1 year i lost a lot of my hard earned money in the scams recently i look into a project called ghost face and they claim that ghost face is a meme killer and for the users security there are no team tokens all tokens will go into the LP so what you think ghost face is a legit one or not give your honest opinion on this.

Web: https://ghostface.fun/