Hello!
I want to know how you choose projects for investment?
At the moment I'm focusing on the Near Protocol.
I bought it back in early April and don't miss the chance to mention it.
What did I focus on when choosing it for investment?
1. Team (most of the famous developers worked in google and facebook)
2. Strong community (more than 100k on Twitter and a very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross-chain)
4. Solving existing problems in cryptocurrency (high fees, transaction processing speed, scalability)
This is a very brief description. At the moment I am faced with the choice to add a few more such projects to myself. Share your knowledge.
I completely agree with you, these four factors are the most important when choosing a project for investment, but I would add one more, fifth factor: small market cap.
The fact is that projects that meet all these four factors are most likely already very expensive and are in the top 20 in terms of capitalization, it is difficult to find some kind of project that would meet these parameters but would not be very expensive yet. Personally, I invested in NEAR Protocol, since it corresponds to the four listed factors + 5 factor small market cap.
Now I will explain point by point why I chose NEAR Protocol:
1. The team currently consists of more than 100 people. Also, the founders of NEAR Protocol, they are the winners of the world programming olympiads, who have been working in Google / Facebook for a long time.
2. Strong community (after spending many months in NEAR Protocol telegram chats, I can proudly say that NEAR has one of the friendliest communities, at one time I was always helped with answering questions, now I try to help others myself)
3.The Near Protocol has its own blockchain, which has a bridge with Ethereum and EVM Aurora.
4. Near Protocol was originally conceived as a blockchain that can solve all the problems that Ethereum now has, and it seems to me that the team succeeded. Today Near Protocol has: small commissions, fast transaction processing speed, scalability, a native wallet with the most simple and convenient interface, Near uses popular programming languages such as: Rust and AssemblyScript, which makes it easier to write smart contracts.