How to investigate and research new projects ?

[aliitp2]

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...

[Rikafip]

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 ?

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.

[MAAManda]

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.

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 there. They said the pre-sale will end in 12 hours. But until now, they haven't closed the Pre-sale yet. This indicates a lack of public interest in this project. My advice, you better look for top projects that are at CMC.

[Xal0lex]

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. Next we look at those venture capital venues where the initial sales of tokens will take place. Watch here. 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.

[Captain Corporate]

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.

[isaac_clarke22]

~

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:

.....supporting Azimuth Finance ecosystem and also simplifying and improving platform operation

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.

[bitcampaign]

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

[bitkanu]

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.

[samcrypto]

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...

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.

[GreatArkansas]

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.

[Uruhara]

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.

[theskillzdatklls]

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.



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.

[BRINIRHA]

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.

[Coin_trader]

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.



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.

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.

[TastyChillySauce00]

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.

[aliitp2]

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

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. Next we look at those venture capital venues where the initial sales of tokens will take place. Watch here. 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.

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,

[Jeger.Kiting]

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.

[X-ray]

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 !

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.

[theskillzdatklls]

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.

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.

[electronicash]

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

for example:
How does mining work?
You invest the necessary number of tokens in the selected pool.

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.