Bitcoin Forum

Hello

I am just recently getting into new crypto projects and dont know where to start from whatsoever, i do understand some projects are completely useless while some other projects can be promising, how to investigate on those ?

for example i came across this:
https://azimuth-finance.com/

while going through their website i cant see a lot of information on the usecase for this project, they only say:
$AZM-utility-token supporting Azimuth Finance ecosystem and also simplifying and improving platform operation. Token $AZM is used in Azimuth Finance stimulation model as a reward for online activity.  ???

guidance appreciated...

Actually useful "projects" can be counted on the fingers of two hands, so chances of stumbling upon one are slim to none. First of all, you have to ask yourself does it solves any real issue, check the team and their previous experience, whitepaper etc. But to become good at that you need some experience, meaning a lot of money lost in the process. Much better alternative to that is just buying bitcoin whenever you can so you don't have to worry about any of that.

This azimuth thing that you mentioned screams "scam" from the moment you open their website; from unrealistically high APY, to a ridiculous claim that they will give a $450k worth yacht to one lucky investor.

Have you seen the entire website page? if we refer to the name of this project, it is certain that the use-case is closely related to DeFi. But if you want to know more about this project, you can read the FAQ on their official website.

---

I'm trying to see how the conversation is in their telegram group. And the conversation there is quite active. But there is 1 strange thing that I saw from an Announcement about Pre-sale (https://t.me/AzimuthFinance_Chat/15499) there. They said the pre-sale will end in 12 hours. But until now, they haven't closed the Pre-sale (https://azimuth-finance.com/pre-launch/) yet. This indicates a lack of public interest in this project. My advice, you better look for top projects that are at CMC.

To figure out if a new project is worth investing in at an early stage, you need to pay attention to a few things, among which will be the list of investors. If the investors in that project are in tier 1-3 of the investor list, that's a good sign. You can look at the tier list here (https://cryptorank.io/funds). Next we look at those venture capital venues where the initial sales of tokens will take place. Watch here (https://cryptorank.io/fundraising-platforms). Next, we look tokenomics, if the offer is too large and the price is high for a public sale, then you should not expect any miracles from the project. If the initial sale of tokens occurs exclusively on the project website, then close this site and never open it again, because it is very likely to turn out to be a scam and a pacifier project.

Why even do it though? I never understood the appeal of the brand new projects some people have. Looking at places like pinksale, I see that there are too many people who invest millions of dollars per month, not per person of course, per project, but each month there are some 20-30+ million dollars going into brand new projects in the crypto world. Wouldn't it make sense if that money went to already established projects? I mean it would definitely be a lot more profitable in the long run. Thats my personal opinion, but if thats not the case then I do not know what to do, can't pick how to find good new projects.

I understand you OP reaching out to us, but considering that you already answered your own question and had your doubts of "no use case". You should have stopped right there and moved on to the next.
They seemed to repeat this phrasing a lot:

Connections of the team in LinkedIn were........low. I would not just hop-in and buy this coin if I were you. I might not have researched yet really further, but from my rough observations, I would not invest a single penny and would just look into other projects.
Read what Rikafip mentioned by the way.

when the market still looks bearish I think you will find it difficult to find a good and average quality project they are scammers, so it's best to wait until the market becomes bullish , if you want to invest you can go to binance exchange usually if they have a token sale event of a new project that is will be listed it will be good even the project information is also clear and you can follow it

There are so many thing that can be done to did research for the project. The main concern is you must need to find something shady that would be too good to be true just like this.
I have been visiting the site of azimuth and i just found this on its website if it was offering more than 4k% APY and 10% daily APR for mining the token which is a non sense thing to be seen. You can consider this as a shady thing from the project and it can also become a reason to avoid such project.

You can join on their social group to ask more information, I usually look for the information on their Whitepaper, and roadmap. If the site is still incomplete then I would not invest on that project right away, I still need to look for more information and the only way to know that is to communicate with them. Most of them have their own telegram group where they discussed more about the project and future promotions, it's also good to join on their social account. Doing your research is a must, and you have to consider everything before buying, early investors might not be a thing now since the usual trend is that, early investors are losing money because it dumps right away the moment it get listed.

This project for me is really fishy, at first when you open their website, the first you will see is numbers and these numbers are related to money or some returns which is a red flag for me, instead of showing some technical content or that is related to their project or a solution for common problems.
I also tried to scroll around and yeah the same issue, seems they are luring people to invest in them which they should first focus on their project.

https://i.imgur.com/rzOwBvF.png

I was once told by someone that a good project must have a good investor or partner. so start there. although I have no experience in this. but I also think that a good project must be built by a good team too. like a dev who has a pretty promising background. and check if he has been involved in any good projects before. and see also in terms of their marketing whether they do marketing continuously. then if true. it could be a potential project i think. like shiba inu which became popular as a result of a reliable marketing team.

Complete and total scam if you plug that website into a website analyzer / SEO tracker. No history, straight buzz, total nonsense. But even without knowing that, the website is itself a total scam.

https://i.imgur.com/UpNMo4U.png

That said, if you are looking to make a huge multiplier on your money, you can't ignore small projects, since it's the small projects that will one day blow up huge that can make huge returns. High risk, high reward. But you have to be a whole heck of a lot smarter than this to get there.

if I want to get in on a new project then I tend to look at the way they promote their project. Fundamental analysis is also required in the early stages. but I'm more interested in projects that are very good at promoting their projects such as building natural hype. continuous massive promotion. and the project must have a clear utility as well. So what they are promoting is about how useful their project will be in the future.

conversely if a project with promotional content is only about doubling money in a short time or with a lot of words "to the moon" "LFG" and so on. then such projects are mostly scams. and I avoid such projects. they only hope to profit from the hype for a moment. even their projects sometimes after being registered with CMC then they seem to slowly die. because such projects are not made for the long term. but only a fraudulent project that benefits their team and only those who participate in the private sale. or sometimes their coins only go up during the initial listing and after that continue to decline slowly. and their community group began to fill with fud. then the group admin will stop the chat in the group. and finally the team came up with a migration solution and all the other crap. such is the project of deception to put it mildly.

SEO tracker is nonsense to use to determine the project is scam because most startup don’t invest much on the product marketing because they are more focus on the development. It’s very unfair to use the SEO result to determine the credibility of the startup project since there’s a tough competition in DeFi.

Running a background check on code or smart contract audit, list of investors and team background is still the best thing to do to verify the integrity of the project because you can check the core foundation of the project and not through the interest of other people.

It's very easy to known that is a scam project. I think you must have marked any project that was giving a non sense offer like what already stated by some members above as sign of scam project. Anyone can define that easily even without doing any analyzation. You must remember so many times people have been warned about project that was offering very big apy. Big apy mean if the project potentially to be a scam projct easily.

i couldnt agree more with all of ya so thanks for all your comments especially...


thanks for the detailed stuff !...


the thing that breaks my mind all those youtubers promoting this crap ! am not a rich fool to through my money at the first project that pops out, i was bitten once during the bull run being told by some of those utuber CLOWNS to buy at 60k$, while i bought the majority of my BTC at 7k$ i still did that mistake !

IMO most utubers are complete clowns so i came here to ask !

the two things am currently seriously considering is STAKING with kraken.
https://ibb.co/25ySzR9

briefly researching into some of those coins they seem to have a REAL PURPOSE, except anything with Luna in it coz i dont trust it !...

and TWO: i am truly invested in trying: https://trustswap.com which seems to be the best bet to find good projects and x10 + your investment.

thanks,

For now it is very difficult to judge a project that is really profitable for investment, because there are many projects that offer attractive offers for everyone to invest in the project but all of them are just scams and in the end the project is lost. If you want to invest, it's a good idea to buy one that has entered the market, but you have to be careful and do your research first, because the current situation is in a bear market condition which will result in a risk of loss on your investment.

Youtubers are clowns and money whore. They didn't care with their viewers. they got paid by scammers who used their service to promote the scam token. that project was the best example about how those dumb youtubers are promoting the scam token. They care only with the money that being paid by scammer for them. I never follow any crypto youtubers before caused by mostly of them are so shady as fuck and money whore. they keep promoting the scam token anytime.
I just avoid that any tokens that being promoted by youtubers. crypto youtubers are shit for now.

Interesting opinion. I'll leave you all of the projects that have 0 organic search, 0 traffic value, 0 backlinks and you can get rich from these.

maybe just read carefully what they are saying on their website and see if they really understood what they are saying.


if this doesn't sound right to you then this project is just trying to lure you to their scam. how they use the term mining is amusing because that is not how it works.

Looking at what their goals are going forward, and what plans they have made for the growth of their project in building partnerships with several communities, that's one of the things we see from some new projects, like the one you gave in this discussion, if the planning in builders doesn't match up in the future. that is applied by their team, then it must be watched out for..

Well I would not trust YT for such stuffs. There's always that possibility that they were paid to do such thing. Any small youtubers could do this just for the sake of earning money of course. With crypto, I watch videos in Youtube just for the sake of learning the technical sides of trading back then, but I do not buy everyone's advice to buy this x and y coin for xxx% APY.

Sure podcasts could be a good thing for trading advice, but that does not mean that you are entirely going to risk it because someone told you so. Imagine being asked why you bought this coin and you answered that "because I was told by a certain youtuber to buy one". It's better to DYOR like always.
Best of luck to your investments by the way!

It can be copied anywhere and slightly edited and they have a whitepaper of their own.

For new projects that don't have much to do, I just see them focusing on raising capital rather than building the project first.

I see the members are all real but have no reputation, they are just young people with a passion for blockchain and cryptocurrencies, nothing too outstanding.

Promises very high APY, so it can be said that the project is not worth the investment.
In short: the project is nothing outstanding to invest in, we are in a bear market, we should stay away from new projects like this, it is very likely that they disappear soon after raising a small capital.

For investigate and research a new project you must follow there product first. if you think there product is good and there future plan is cool then focus on project whitepaper. if you think whitepaper is good and real and it is enough for future development. then check project team they are real or fake. anf they are verified from any audit site or not. if team is real then you can think about investment there but not much.

I opened with your project research and saw interested offering giving with annual APY up to 4282%, I think not really recommended investing with this new project because unrealistic with APY up to 4282% and seem have potential become scam later with price suddenly drop. Many time new project offering APY reward up to 1000% few weeks later price drastically drop. I have been in Helena coins before and given higher APY reward but without one weeks price of Helena coin drop drastically and loss more than 400$ there.

Some time crazy with APY reward offering up to 4282% not recommended with new project for investing, not matter to make research and investigate if you found with APY reward giving up to 1000%. Better new project without have any offering for staking and have good road map planning for the future by listing on bigger exchange market than bigger APY reward.

Of course it is difficult to distinguish the real project and project scam, but what I usually do is see social media including discord or telegram, if they are real projects, of course there will be relevant and realistic discussions.

Getting new projects that are legit these days is becoming a very difficult task, because there are many scammers out there parading themselves, and sometimes one can fall for it if care is not taken.

As per researching a project, it's not as easy as it sounds, because it entails a whole lot of parameters.

And sometimes a very promising project can fail, not because the dev wants to scam, but maybe because they couldn't get the required audience and business partners to drive the dream to a reality.

It is so tough to find out real and scam projects but we have to find out for safe investment. It is a good strategy to follow their social media and activities on social media. White paper, litepaper, project roadmap can help us to find out real project. We have to do research about team members also.

A good advice from me, if you want to venture in crypto I would suggest you to invest in bitcoin or ETH, BNB thereabouts than newly bith projects, most of them are not real they are only here to madeaway with your little saved funds to enriched their selves instead.. I could get you some previous projects that has good prospect but after a panicked dip they never showed up again and that was their ends.

Actually investing in cryptocurrency needs more observation before the investment can take place, so that mistake will not take place. Actually the coins that have enough potentiality is Bitcoin, and the future and adoption of bitcoin supercedes the future of any other cryptocurrency from my observation. So during investment as newbies the coin that suits for investment as a fresher to invest on is bitcoin and seconded by Ethereum, so any other coin future is not assured through by experience over cryptocurrency investment.

Right now, we shouldn't trust any YouTubers or influencers too much. Because most of them are paid people whose purpose is to promote certain projects. And they will not think about whether the project is really good or not. For sure they have benefited from it. And they will always try to convince the audience with the project. Unfortunately, a lot of newbies are trapped by the influencer's incitement.

We also must be careful to trust certain YouTubers and ensure that you have analyzed the projects very carefully, although we know that careful analysis will not guarantee that the project is exactly good and promising. However if the project is doing any pump and dump by utilizing the hypes.

If you are very concerned about your future and make you not to fall into useless coins, then you have to choose those coins that already established community, not these new projects just like you have mentioned. Because the sad reality is that it was too hard to know if they are legit as most of them are scams and worthless projects, and have no intention to make investors earn a profit but for them to scam investors.
If I were you, don't waste your time searching and looking for a promising from these bunch of new projects as likely you will just end up into a scam.

Theoretically, some elements to be researched for the new projects should be:
- Their WP
- Developer and team
- Token or coin utility and fundamentals
- Exchanges for listing
- Their roadmap and the realization
- Promotion
- Community approaches
and some otehr probably

But in fact, although we have analyzed at least what I mentioned above, those will not guarantee that our analysis is 100% true.
Because scammers could also make those projects seem like very true.
Or, sometimes, shit projects also make the project seem to be very good.

That is why always be careful and know what to do and not to do. If you are newbies, why don't you invest only o top coins or Bitcoins rather than gambling on new projects?

In some way, that's true. Most of these projects are after for the benefit of their pockets.
Even projects with well-written whitepapers can eventually turn to a crap one.
You can't tell their real intentions up until they disappear and won't answer any of their social media channels.
That is why, if you are in doubt, better invest in top ones like BTC or ETH, at least they have been proven by time.

But with the project OP provided, I think you don't need to spend time researching these, check out the APY they provide right on the homepage, it can be said that this is a scam project that will not have a happy ending.

Their project reminds me of a project with high APY like helena.finance, this project seems to be a clone of helena with high APY promise aimed at attracting newbies, they don't have much knowledge but prefer high profits. Helena quickly fell apart within a few weeks of its launch and I believe a lot of people lost money because of it, with these projects should stay away and do not waste time learning them.

You should know the specific needs when it comes choosing a projects to prevent scam investments, i mean not just only because of what you see on their platform and their promises you will decide to invest, nope thats wrong. Must have specific information and data to figure it out how good they are if they will last or not as well.. Be smart enough that's my point.

I only use bitcointalk to explore altcoin world in overall. I read through threads searching for gems. After this I note ones I like and I look them over coinmarketcap. I enter their discord or telegram channels and read what people talk about. I also look their twitter and official website to be sure if its a scam or legit project. These are generally enough. Its best to look exchanges later to measure its accessibility as well.

Yes, be smart to make the right choice when investing your money by carry out your personal research to know how the team has made their previous project successful in the community before investing your money on that particular project. Many successful investors in the community consider the population of investors in that particular project before they will be part of the project, because it will be difficult for population of investors to be part of scam project in the community.

Risks in new projects are very common, if you can find a good project, there are more profits. But the cryptomarket is not in former position. The number of scammers are very high. They are constantly busy making new traps. That is why an investor should always be alert. But those who don't want to take this kind of risk can invest in old and popular coins instead of investing in new projects and get guaranteed profits.

I think the first thing that we need to do is to check them out first. Click the link and be redirected to their website and start your investigation by there. You already describe if what items we will investigate. After that, the next step would be following their progress. Follow their social media accounts, forum posts, and groups. So that you will have an idea if they are going to keep their interest going. Once you get confident and you see that they are committed, that is the time to drop some funds.

We will only invest more once the projects run for quite some time or once we already recovered our previous investments, in order for us to be safe.

Most projects will only display basic information which means nothing at all, just like you have read there. It happens because majority of altcoin projects are created with the sole purpose of profiting through speculative pump and dump schemes. If successful on its goal, developers and early buyers make some decent profit, while the last adopters lose money, similar to what happens in the official ponzi schemes. When informations are scarce or unclear you should skip the project and look for something more solid which has a real usage and application.

I do usually look for its utility or usage or simply its application which whether it would be realistic or not.If i got convinced then this is where i do make in depth research and trying to find valuable information in

regarding about the developing team or the owner on what are their plans and this is where whitepaper and roadmap information should be seeked on because you could really have at least the idea and knowledge

on what the project is all about.Hence, if all of these information had been known and gathered then its not an assurance that you do hit up the right spot and assure that you would be making profits
because everything would really be depending on community demand and recognition.

Once it served to be a hard task. Nowadays we've got more number of reviewing platforms that give clear picture of the projects. Even after the review we need to do our own research which is a must. We can see the details of the project on the website. It'll give a picture whether it is just tokenising or it have got MVP. If it have got a MVP, then it can be considered among the projects for investment.

Apart from this, the platform through which the project is getting launched, the partnership and different other factors too determine the worthiness of the project.

We should not rush to invest in new projects, especially if we invest in new projects just because we follow other people's advice, that's something
we can't do. However we should invest in projects that we are familiar with, thus reducing our risk of investing in bad projects. Especially now that
there are so many projects that end up being scams, so we have to be careful when choosing new projects for investment. It is not wrong if many
people say that investing in new projects has a very high risk, because it is not easy to find good new projects.

As you explained we have to thoroughly investigate the new projects that we will buy, starting from the website, whitepaper, roadmap,
social media activities and track record of the project teams. It is also important to consider how the community will respond to the project.
In conclusion, the more information we can gather about the projects we will buy, it will be easier for us to decide whether the project is worth buying
or not. So don't be lazy to find as much information about the new projects that we are going to buy.

The best research you can do on a project is learning the motivations of the founder. Do their motivations align with your goals and expectations? Are they capable of helping the project reach your expectations? Are they accessible? Do you even know who they are? All good questions when thinking about pouring your money into something. Don’t assume a founder’s motivations are the same as yours.

for now it's a bit difficult to find the right project, on average they all cheat but not all of them, they just cheat investors and then walk away with money, the best option right now for investment is to buy coins that are already in the market which are in the top 20 in the market

Seeing the number of coins that have reached 22K and there are still many new projects, it will be difficult to find a good and promising project, the simple thing we can do is a discussion in telegram or discord so that we can know whether this is real or fake.

That is indeed the reality and we have to accept that for now it is difficult to find promising projects,
maybe it can be reduced to the top 10 coins but again it depends on each person,
The most important thing is to make a decision by considering the risk

A serious project that should always have an audit by a trusted company. An audit would be able to determine if they have any rug code in their smart contracts. Even if they claim to be a KYC'd or doxxed project if they don't have a proper audit it is still possible they will have buggy code that will make users lose money. There are also other factors to consider. A scam project might have passed an initial audit or only had a partial audit to gain users' trust but then switched to a malicious smart contract.

To be honest, I usually look for gems from twitter because that is where most new projects or new information is always updated fastest. I have never seen any hidden gems from the forum. In the bounty thread, all projects are trash, none of which is new or backed by a team of experts who all want to enter this world empty-handed. A few years ago, during the ICO period, the forum received the attention of many projects, most of the new projects were marketed on the forum. Today forums are no longer the choice of altcoins marketers.

I often discover new projects for investors by studying crypto trends in social media groups. And after that, I will study the project information by visiting their website and studying the information in it carefully, especially the whitepaper. And this way always works for me.
and never settle for looking for the best information about the project we want to join until we are really sure to get involved, and also find out Who is the person behind this project?
Do they have a real team?
Do they solve real problems?
Do they make business sense in practical terms?

It’s true that you do not have to "discover" things yourself, you could find it from other people and that would help you out a lot. The reality is that if you will make a profit or not doesn't depend on discovering new things, you can find them anywhere you want. The real key is that you would make a profit based on how well you research the thing you discover.

Because at the end of the day, if you research in depth, then you will find a problem with it if there is one, if there is a problem and you couldn't see it, that means you didn't research it well enough. If you cannot find anything and there is none, then most likely it will go up.

I guess you are convinced about what other members shared about the project you input for research. Almost everyone has the same answer.

This is a good learning point. Now, moving on to your next research.
What if the introduction details perfectly fit what you want to support? What is the next move?
You have to go thru team, partners, and marketing. See to it that they are not lazy and can cover different platforms to announce their project. From social media to forums and streaming advertisements. Don't stop there, go deeper.

Promising a yacht to one winner is not how you spend investors money, so it's not a good project.

A project that raises money for anything, needs to spend the money in the best interest of all.

It takes more time doing it for new projects and most of the time we got tired of doing it and still likely fall into a scam project that looks promising as we do the research. It was still the best thing to do is to acquire coins or projects that already have a working product and supportive community for this will give a huge impact on the market and possibly a continuous growth and market demand.

And don't encourage to follow people on social media as most of them are misleading.

it's not enough to just see and read from the whitepaper. he also has to see and do research on all the teams that manage the project. if all the team managing the project have good experience in cryptocurrency marketing chances are the project will run smoothly and have a good future. but if the project management team does not have any experience in cryptocurrency it is very difficult to advance the project for future success.
the reason i say this is because there are also many scam projects that just copy photos of the team or CEO from past projects that have existed

The most important thing that aresearcher must do is they need to research about on how the facilitators manage their casino and how they handle their customers if there's any complaints and also to know about the background of the facilitator or the manger of that project because if they have already been experience many project before then for sure they have plus points in trusting in their current project.

WhitePapers are not very useful ‍to identify good projects, if those projects are trying to scam. Now White Popper can copy and modify from some old projects. Not only that, nowadays scammers try to modify the certificates of various audit companies to include them for their project. That is why it is necessary to research these issues well in the case of new projects.

I don't think so. Don't you see how meme token have no utility in any case? You must aware about this caused by people know that so well if so many meme tokens have no utility and these tokens are still alive due to the hype. Im sure that when you are seeing the market and then you will be seeing so many meme tokens eventually got pumped so hard by the whales. that proves that if sometime no utility token can give potential.

Top coins are the right choice if you really want to invest for the long term,
but still we have to do our own research and never ignore it,
Ethereum and BNB are examples of the top coins that I think almost everyone knows and there's no doubt about that

I really liked one project. EyesFi is a Web3 application based on the Ethereum metaverse instead of real life. The app will feature GlassE NFTs, which will allow users to curate or like NFTs and receive an EYE token as a reward. These tokens can be used on the EyesFi platform or exchanged for USDC. I will leave links to the project so that you can familiarize yourself.

Website: https://www.eyesfi.xyz/
Twitter: https://twitter.com/EyesFi_xyz
Discord: https://discord.com/invite/eyesfi

You can always go to their telegram channel or any social media outlet and observe. Ask questions that you like and inquire about the project.  Aside from that you can also do extra caution by verifying the accounts and persons involved in the project.  It is not wrong to dig deeper since you are about to invest money in them.  You can call the company to verify if those developers really works on them and check the validity of schools and achievements.  That is a bit hard but would be good to see the actual risk involved in the project.



The thing with altcoin is that it has already goes up hundred to thousands times, and the potential of profit is way less than the new potential project, if ever you spotted one.

In this situation, we are supposed to be more practical in choosing coins to invest with and hold. Keeping new projects is totally risky and we are not even sure they will survive this bear market. But as we are buying the leading coins in the market, it is pretty to have the assurance that this will grow and recover after this bear season. And the good thing is that we no longer spend and waste time digging for legit projects (new) and not even sure if this will give us a passive income or end up scamming.

Did you find any on Twitter? How do you analyse them?
I am always curious about this story where many people find gems and get very good profits because of new projects.
However,r it is risky, right? Because, once we are wrong about prediction and analysis, our money will be lost, right?
If for those who have been usual for this, this may be common and easier. But for newbies or someone who is not familiar with this strategy, this will be high risky. That is why I really appreciate those who are able to find the real gems and take high profits from it.

This is the truth, we have more than 10k coins in the market of cryptocurrencies and the majority of those coins are just scams waiting for unsuspecting victims to invest in them.

As such your ability to research not only needs to be top notch you will also need to be incredibly persistent as it is entirely possible to analyze more than 100 different coins and despite such a huge effort you could not find a single coin which was worth your time.

Based on my experience in investing, I would prefer investing into the trusted and top altcoins than investing into new projects.

Investing in new projects can give you more stress. Investing into new projects will not make you sleep because you will think "What if after I wake up in the morning, they already ran away along with the money that I invested?" Promising projects for you but not for others and even those "promising projects" still has a high chance to scam you. I always do invest into top coins because it's less stress for me and it has a lower chance to scam you so you will not worry of you having an anxiety.

Please put in mind that everything that's soundly good to be true probably isn't (true). This sense of differentiating which projects that legit or not comes with experiences. I think we can't always choose precisely too. However, we can always try to see the signs.

First, check their website. What impression do they give to you? How's the design, how's the security, etc? 

Second, the team members. Are they doxxed or not? Can we find information about them easily? We can hope they will think multiple times before doing something harmful to the projects or have ill intentions. We can find information about their projects record, work resumes, etc on Linkedin (for example).

Third, check also their group and social media. What do you find there? is it full of spam or meaningful discussion?

Fourth, check their whitepaper. Are there any illogical things or anomalies there? The great whitepaper is not always good, it can be copy pasted from other projects too. Do they have a real product already? or it's all just a plan? Do they stick with the road map and if not, what's the issue and how do they handle it, and so on? 

It's so tricky to find a great new project in the crypto world, we have to always be alert.

Usually i'm using some ico review from some website, like https://icobench.com/, https://www.coinschedule.com/, https://icodrops.com/, and then we shoul look at the team behind those project, did they post they team or not? then the next question is if they post their team, did they real or just using their profile? so you should look at the team in linkedin and ask them directly, ask them did they really in the project or not, there actually many way to investigate project but i'm just mention that for example.

I doubt their giveaway tho, it's like a miracle if someone wins that thing. You can start to check their whitepaper and their team also you can find if they use team pictures from google.

New projects launching right now (like MAXX finance) are going to do well because the next bull cycle is starting and there are no old bagholders waiting to dump on you to break even after several hears of holding- like Solana investors who bought at 200 usd +. You can also search coingecko and sort by new listings, which should help you find some gems.

First, I would recommend reading the various whitepapers and doing your own research on each project.

The whitepaper will describe the project in detail, including its problem statement, proposed solution, blockchain architecture, token, and more.

Second, follow on twitter or telegram to get the latest info about the project. Usually on telegram there is a discussion between the new members and the official

However, you should stay away from projects that promise unrealistic rewards, this is a sure sign of fraud.

If you want a simple way then I would follow whatever it is the IC3 (initiative for cryptocurrency and contracts) are involved in. They're probably the most serious academic organisation out there lead by the leading cryptography expert on how to solve the challenges of blockchain.
https://www.initc3.org/projects.html

Scammers are so skilled in hiding their tracks and making their projects seem legitimate that almost any measure we can think of to try to protect ourselves has been countered in some way or form by them.

It is because of this I cannot recommend people to invest in those projects, it is better to play it safe and only invest in the best projects we have in the market and which have been here for a long time, I know the profits are not as good but the fact that it is way more likely you will actually get them is way more important in my opinion.

I will learn your advice, new projects always promise big profits in a short time, I also make some new projects for investment, and in October I have invest in 3 new projects that I hope will shine, but because of the new project I am only investing with grades small which is around $ 120 for the 3 new projects.

It is definitely a smarter understanding of how we could avoid losing too much money, because in the end investing into something smaller and brand new means that there is an added risk to it, doesn't mean that others are not going to go down, even bitcoin does, but a brand new thing could turn out to be either a scam or a failure which will result with a big loss for all of us.

I have seen projects who turned out to be scams, and I have seen projects who were not scams at all, but failed to go up because creators didn't know what to do. Which is why it’s wise to put 90%+ of your investment into trustworthy things like bitcoin or ethereum, and then you can spend a small amount on new things.

I have tried several techniques to find out if a project is real or a scam, but the result is that I have been scammed by a project that I think will skyrocket, of course it is very difficult to avoid a scam project and the best thing is to invest with a small value.

It happens but if you are getting scam more often than being into a legit project, You should change the way you research and tighten your standards about projects. It's true that it's hard to identify scam project from legit but if you are researching project for a long time, You will encounter many red flags that scam projects commonly have like project fundamentals that is obviously a copy of other project and team members who isn't searchable or worst is on anonymous.

You fail because;
 1. you never believe what you have heard around -  I know you already know how these scammers work but you are still able to try despite of it
 2. you still think that there is easy money in crypto - mostly the mindset of the people had changed when seeing a huge offer
 3. you are not making research in real life - because if you sincerely doing this, you will not fall into investing in scam projects

I see it was regretting but it is our fault and we need to change our attitude.

Investing in new projects is not a bad thing but we are in a bear market so it is not advisable. Everyone knows that the bear market full of scam projects will disappear so no one wants to invest in new projects but majority will focus on top coins to reduce risk, so if investing in new projects at this time, the possibility of loss is more than profit.

The project that OP took as an example: it can be said that it is a 100% scam project with an APY up to 4000%, projects like this are trying to hit people's greed to cheat so stay away from these projects like this.

That token is not yet alive on coingecko, how do people know if that was a good project? are you joking about that? It sounds like another garbage defi that may become the next scam platform soon.
It doesn't seem that your token will become a hidden gem. There are bunch of new hidden gem launched through icodrop. There's no need to take a look at maxx finance. It sounds shady for me. I think this quite clear if such token is not worth to invest.

to analyze a project if you use my method it is very simple, namely by looking at their website whether they use a paid domain or not,
because I believe with a paid domain then their project is really done, and the second is looking at the social media project itself,
if they are active on social media then the project can be said to be good too.

Starts from whitepaper, team profiles, their roadmap etc. It takes a bit of effort to actually see if the project is a shill scam or not.

Yea dude, we better just avoid this one. The APY is ridiculously high and it's too good to be true to even exist. There are tons of projects similar to this and they ended up to nothing.
Even the team just looks suspicious where their twitter accounts are just filled with bunch of retweets with no update on their own projects, that one makes the project looks suspicious to invest on.

Its pre-research to investigate their capability and seriousness building projects. But it could be the one and only factory ,Its just early technique to indentify but not for take summary about project quality. We still have another factor to observe such as team background and historical in their cryptocurrency market , utility or MVP that being developt. How they communicate with investors and communitu Will should recognized as key too.

Indeed, it needs deep analysis of them, especially for the new projects created by a new team, not the ones with a good track record. Because, although we have analyzed them more, the scammers also may be scamming us with this great WP, team, and also others. We may also find that a new project with many members of the community also will not guarantee that the project is legit. Commonly, new tokens that are listed in new exchange will be failed because they only have small liquidty and trading volume. Their price also cannot rise up after they dump the price soon after lisitng. This always happens so far.

I would suggest paying attention to what kind of community the project has.
How active it is, what kind of feedback the project has from real users. Whether the project removes bots. I chose Amulet Protocol based on these criteria, a very promising project with a large, active community. Amulet it is a decentralized risk protection protocol for the Rust-based ecosystem.

Cryptocurrency investment has to deal with a proper research through the website, whitepepper and other social channel respect to the road map of the project. Having going through the channel of the research, one may have reason to invest in that particular project.

It's one of the factors on how it will grow in the future. Being first of it's kind on that certain blockchain is a big plus for me. We can use pancakeswap as an example, They are one of the first decentralized exchange on BNB blockchain and surely they earn a lot of attention and of course a massive growth is expected since everyone on that BNB blockchain trend is using pancake, Other BNB decentralized exchange didn't grow as much as pancakeswap so yeah if you are researching for the growth, Researching on what kind of blockchain they are using is important.

After I saw twitter, telegram chat and $AZM contract address, this project is still under development. With 1 new holder as stated in the contract address, I don't think this is a good investment for now. For security, this project has passed an audit by TechRate, SolidityFinance and SolidProof.

Normally, by now crypto projects should have reached Q3-Q4. This project is still a long way to go. But everything can be reversed later on. This is just my analysis.

Here’s a basic check-list for you:
*Team
*Backers & investors
*Tokenomics
*Roadmap
*Media presence
Remember: you are the only person responsible for your own actions and nobody else is ☝

the improvement of the ecosystem will increase when the development team is able to always develop the project to become a large community and the improvement of the ecosystem will increase and after that the price will also increase.
so for projects that want to progress and have a good future, maybe one of them starts with the development team and ecosystem improvement that will boost prices in the market.
but not all projects are like and only think about personal gain without thinking about the progress of the project