Topic: How to find potential projects without programming knowledge. (Read 138 times)

I've only seen this kind of setup once, and the airdrop never happened and the server was deleted soon after. On any coin of substance that intends to stick around, the airdrops will be carried out over a time period defined in their whitepaper and to be distributed to as many people as possible so as to create a mass appeal. It's kind of like the old drug-dealer slang: "The first one's free."

And in discord, not only the project team will distribute, but you'll find that there will be key players in the community that will take an interest in the coin and also distribute it in order to boost interest in their investments as well.

Icobench was a scam and it's a icolist site with so many scam project. The shady behavior of icobench already revealed by someone in the past. Icobench was getting paid to listing the garbage coin. This site is not worth to be used as a way to get the information about which legit ico is still running. The potential project will never try to use this site. The reputation of icobench already ruined since people know that icobench got paid by scammers to listing the fake project.
it's a big no for that site.

you can look for references in icobench, trackico, icomarks how much rating they provide
but there's nothing wrong with comparing similar projects in order to know their potential

Some good viewpoints you have given but one of the most important thing is hype also. If you go with the hype even you don't see potential in that project personally, still you can end up in profit. So it is also one major factor

Yes it is. As long as it was from https://icodrops.com/ and that's legit twitter account. You can also follow or join in the telegram group of icodrop. You will meet a lot of ico analyzer and active investors of ico.
The community is always screening so many icos anytime. I have also participated in casper and make 40x ROI.  always DYOR dude.

Those you mentioned suffice to determine whether a project has potential or now and having programming knowledge allows you to peek into more detailed technical aspect of the project, for example you can audit their smart contract code, app code etc and make decision out of that
but rarely I see that someone go to such extent so to be honest other people also now know programming that much and they're fine and didn't struggle to determine which project has potential based on their own opinion, but the most important thing about project though if i'm being honest is how they build their reputation.

Thanks for sharing
@ICODrops, is this Twitter account the team you mentioned? If so, I will continue to follow him.
I entered his official website, there are indeed many icos going on, but I haven’t started screening yet.

I have learned a lot from the ico investor group called icodrop. You can join in this group if you can but anyone will always give you a reminder to do your own research.
The final decision is yours whether you wanna take the chance or not. You can also visit icodrop to know more about that.

Yes, some airdrops for new projects are carried out on discord.
However, some projects limit that only the first 100 or 1000 people who enter the discord can get these short positions.
How to get this kind of consultation? Need to follow many projects on Twitter at all times?

lol, perhaps the most popular NFT concept is the lowest cost Greater Fool Theory
But the concept of NFT may be the spread of cryptocurrency to various benefits, such as the Music field, art field, game field, etc.

Thank you
I have some guesses about the reply:
1. Some projects anonymize their team members because they follow the principle of district centralization or the influence of the laws of the country where the team is located.
2.sushi, uni may be an example. After Bancor's AMM model was launched, uni launched its own decentralized exchange. Although the code of sushi is copied from uni, due to the participation of a well-known investor-sbf, sushi has become the top 100 project by market value.
3.Yes, although there are few laws about blockchain now, the cost of defrauding money is also very low. But there are still many, many good projects born. If you invest in 100 different projects, if 1 of them is a good project and the other 99 are scams, the final result may also be profit

How can individual coin have promising technology if crypto as a whole is still not proven? Ethereum promised to become world's computer and automate a ton of stuff in a decentralized manner, but what are its real use cases? Creating scam tokens, trading on DeFi and a bit of gambling. And this is the leader of altcoins. Others are even worse, literally zero real world use.

The price of alts is driven by hype and pumps with a goal of dumping to "bigger fools".

I've found that discord has become a popular platform for coin marketing /launching lately. I stay away from Telegram and all the airdrop schemes/dreams, but with discord, coins can pay a relatively small listing fee with the tip bot "tipcc" and begin sharing their tokens with any and all discord users who are in any server that has incorporated the tipcc bot.

Once the new token has paid the listing fee, they are allowed to "promote" their project, which usually means posting a link to their server and relevant information, as well as posting an airdrop to be collected (no strings attached, just click a button and it goes into a user's tipcc custodial wallet).

There are some coins that don't make it, but there's no risk or investment for collecting, and you can find out a lot about a coin/token by how they handle their community in their own discord server. Also, you can still use your checklist of whitepaper/team/etc...

Thanks for your reply,
I am currently doing my best to find projects like solana and avax. Could you tell me where did you learn about these projects?
By the way, I feel that the quality of projects ANN  in the bitcointalk Forum has been getting lower and lower (or maybe I didn't find it). I don't know if there will be a grand project like ETH.

As for a checklist, you would defenitely want to check these things because they are basic call outs for the scam projects out there. Also assume every project to be a scam unless proven otherwise - that is the condition of this sector.

1. Vision/concept behind the project. Is there any other project doing a similar thing? if so do which one has an edge?
2. Is the project competing against a well established mainstream project? If yes, then dont invest in it. They will never be able to succeed even if they manage to raise money.
3. Check the team and if they have any previous projects done or not? Usually they will have none.
4. Link with the advisors. See if they are real and if they are not copied from another project. Because often scam projects will use names of other people and try to make their project look legitimate, when in reality that advisor did not even know that their name was being used there.
5. Team images should be thoroughly checked to avoid scams which use stock images to set up a page and then start raising money.

As for an investor, OP is looking too much into things that we use in the traditional fiat market. Let me clear your bubble and remind you that the crypto sector is full of scammers. Finding a project worth funding here, is like looking for a needle in a haystack. In fiat markets the projects are not scams, they may fail to proceed but they would not scam its investors, or get caught if done. Here it is like a wild west, people run away with investors money and nobody can do anything about it.

You have been mentioning all of things that needed to did analyzation to the ico but i personally will be only following the hype. Here's why i was doing it.
I have participated in there were lots of potential project as early investors like solana, avax and many more. These project gave me the best return in a short time. I were following the hype around the project. When there are lots of people have talked about such project and then it may become a key point why that project can increase lots in the future.
I rarely doing complicated analyzations.

First of all, I want to define what a potential project is. I want to divide it into two situations to discuss
1. Technology has potential
2. price has potential
Secondly, I want to define what is an early project
1.Only white paper
2.Is being issued on some IDO platforms
3.Tokens have been issued for a period of time, but the popularity is not high
_______________________________________________________________________________ _________
Before preparing to invest, I personally think that some aspects can be inquired
1. White paper (understand the main content of the project, including: which sector, total issuance, etc.)
2. Whether there are large-scale institutional investment
3. Have you ever interacted with celebrities on social media?
3. The quality of IDO platform
4. For issued tokens, you can further query the pool depth
5. Get to know the team
_______________________________________________________________________________ _________
This is me as a newbie who has just learned about cryptocurrency for half a year. The above are some of the contents that I have summarized myself. Here I want to learn from all skilled players. Is there anything I need to learn further? Thank you very much for sharing