Topic: Where do you look for information about new project/coin? (Read 515 times)

After ICOs were introduced, scam cryptocurrency projects started coming out more often because people saw that projects running ICOs are gaining a lot of investments for doing nothing other than some promotions and stuff, so many scammer groups started creating their scam projects only to lure investors and loot the money that they invest in the ICOs with the hope that they might get good returns when the token is launched in the markets.

And that trend is still going on, there are a lot of scammers creating fake websites and fake projects these days only to get investors and run away with their money, people need to stop investing in tokens that are not launched by trusted sources like Launchpads of trusted exchanges, etc.

Currently trying to manage scam projects more than real projects. A web developer can easily design a project website. Since a web designer does not need much trouble to create a beautiful website, the number of scam projects has increased nowadays. As the project team members share fake photos on the website, most of their information is wrong, as a result of which there are many investors who invest in such projects. When people invest some amount in a scam project then the scam project is closed and those who invested in the project lose their money completely with no chance of getting that money back.

Dear brother you told good, For a new project we have to follow your mansion. If we follow thats we will know about that’s project. But ther has also more things like partnership, marketing etc. If you follow then we will able to know about a project.

Several years ago I joined one of the first successful airdrops for free, the project was Decred, coins were sent to 3.000 holders and it became a profitable coin. Most projects that came later, unfortunately, preferred the ICO formula: a much faster way to make fast money than giving away your coins/tokens and hodling for months or years until they gain some value, but that showed to be prone to abuses by Devs and team members.

The bitcoin when it was born was distributed for free then with time it gained value, there were no other projects, then as theBitcoin has grown in value, many other projects have begun, many of the projects were born to scam investors, for me all new projects should be distributed for free.

To many new tokens created everyday and most of them are created by scam devs. So to avoid losing any amount of it maybe much better if we don't hold those tokens since they are good when new so make sure you already pull out your investments before anyone do this first.

Also shared public information is not enough proof of legitimacy since there are scammers who's not afraid to show their real faces and still scam those people invest on their project.

Right now it is difficult for small members like us to understand which project is real and which project is fake. Because fake projects are also very well designed to attract the attention of investors. There are various scammers who run projects to defraud and lose some money after investing in their website because they use fake information to arrange the project which makes them very difficult to catch later. Ensure that their identity and information shared is correct. And members of the project team whose photos will be shared via live video must confirm whether they match the photos on the website and what their plans are for the project. After confirming these things, you should decide to invest in a new project.

When searching for information about new projects or coins, it's important to rely on reliable and reputable sources. Start by exploring reputable cryptocurrency news websites and publications that provide insights into the latest developments and trends in the industry. Additionally, following influential figures and experts in the crypto space on social media platforms can provide valuable insights and analysis. Community forums and discussion platforms dedicated to cryptocurrencies can also offer a wealth of information, but it's essential to verify the credibility of the sources and exercise caution when making investment decisions. Ultimately, a combination of well-established news sources, expert opinions, and thorough research will help in gathering accurate and up-to-date information about new projects or coins.

As far as I know you can find launchpads in well-known exchanges like Binance, I'm just not sure now if it has a date schedule for this, even in other exchanges there is also a launchpad.

        Then it seems to be better to invest in the new token in the launchpads in the exchange because there is an exchange platform immediately when you do a Buy and Sell activity than in icos that we don't know when it will be listed on the exchange platform.

The website of any project provides various detailed information about that project but it is difficult to find out from that detailed information which information is correct and which information is completely fake. It is natural that the website of any new project will have positive information about the project because no project team wants to spoil the reputation of their project, they always want investors to invest in their project and they will provide all the information that is needed to attract investors. The authenticity of the information should be verified. If the authenticity matches with all the information on the website, we can express interest for investment in those projects.

You can add a 4th point: explore descriptions and perspectives on launchpads of exchanges that launch IEOs of new coins/tokens.

Everyone uses these three factors you provide to define a new project. But I think these three factors are never enough to select a project. How active is the team there? How are they going forward with their projects? All these factors must be considered. All scammed schemes are designed in such a way that we can never declare them as scams at the initial stage by surveying these three factors. Scammers will create such a beautiful road map and their social media will be very high level which we will not catch very easily. Analyzing new projects is too risky for me. There are still many people who take risks and achieve great success for some time by taking risks. We all know investing is a risky business. If you don't take risks in life, you will never succeed in investing.

You shouldn't blamed those sites for listing those project you're seeing on their platforms. You have to understand that those are just sites meant for tracking of cryptocurrency and not investment guidelines sites. Anybody investing in a project just because they're listed on those sites are making a very big mistake. Coinmarketcap was built to track cryptocurrencies as you can see from their website introduction. Memecoins, shitcoins or any token built on the blockchain is a cryptocurency and they're right for listing them, these sites make getting information about this project easier for investors to do their research on them. I'll recommend using coingecko over coinmarketcap since coinmarketcap has been bought by Binance exchange and anything they touch gets too centralized.

Also just because projects are listed on ICO tracking sites doesn't make them good projects for investment or are we forgetting to that those sites run a business as such they can accept anything provided those project can pay their fees. Nevertheless they're not wrong for listing those project but where they're making a mistake is the rating they give to the project since investors depend on their rating system to make investments into the projects. Irrespective of that, as a serious investor, you shouldn't be depending on anybody or any sites to make your investments. You should learn to do your personal research then invest so you have no one to blame when it fails.

Before those six methods, one should first confirm if the project is legit, good enough for investing, or just a waste of time and money, and they can't really evaluate that using these methods. One should use their official website and other channels to research the project and read everything they can related to it and what it has got to offer.

A lot of projects that are useless basically and don't have any strong fundamentals make it to airdrop and ICO websites and even get added to websites like CoinMarketCap and Coingecko, etc. A lot of meme coins manage to do that but they are not really good projects at all.

community power is main thing while researching any coin. Pepe and Floki both tokens have no information about CEO, both are just meme coin, no future use but community demand make it possible for both coins to be listed in big exchanges(Binance, Kucoin, bybit and all other major exchange) and people made Profit from 2x to 100x.

The point is nowadays we should look for opportunity rather than just look for team, roadmap and tokenomics etc. we have no relationship with any coin. we want just to increase our portfolio. DOT, Solona,matic are big projects having big usecase, roadmap and team but ratio if price growth is very low and people want volatile coins so we should also research public demand and then invest wisely.

To check if followers of a project are organic on a social media is a good measure to avoid scams. This way you can relatively trace the profile of the investors of that project: they can be dived into the technical aspect of cryptocurrency, they can be wealthy investors, average crypto investors, just bounty hunters or even bots, that is the worst of the cases, meaning that project must be put aside at all costs.

On the other hand, to have a loyal base of followers isn't always a positive sign, because it turns into a cult where reason and logic are neglected in order to raise the idolatry for the project or the person behind it. Projects like this must be also avoided. An example is the Celsius, plus CEL token fiasco.

First, I will do a fundamental analysis of their project. Then do an onchain analysis and sentimental analysis. So you will get more idea about that after doing those three analyses.

I think there are many factors to consider, information, knowledge and research, if you want to invest in new and good crypto projects for the future, I think what you said about these three points regarding new projects, of course there is some truth.

But more importantly, before you invest in a new project, there are six other elements you should add.
Example:
.The following 6 ways cover both methods, giving you the option to pick which approach suits you best.

That's six other additions, in case you want to add information about a new project, before making an investment.

Bitcointalk is not the best place to find out if a project is good or bad since everyone is allowed to post or announce their project here without any restrictions or anything, it is just that if users of the forum provide their views on the project which one can use to evaluate the authenticity of the project whether it is good or not.

Following a project closely will surely provide one with an idea about how it is and how it will be in the future since their behaviour can show their professionalism which is the most important thing for a project to succeed.

The steps you follow to invest in new projects are really amazing. I think this method is very reliable as you judge the project objectively by searching for information.  If you want to invest in a new project, you must analyze the website, whitepaper, various social media of the project, and the roadmap. Check everything thoroughly before you invest. In between, there are some good projects that make promises, then break those promises, and eventually become project scams. So you know about good projects and later analyze and evaluate everything and then invest.