How to investigate and research new projects ?

[Silvia2729]

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

[serjent05]

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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.

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

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.

[Hypnosis00]

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

indeed there is no doubt on the top altcoins like ETH and BNB, but even so these 2 coins still have the potential to go down even worse than they are today. Just need to enter at the right price and hold on for the long haul. I personally still hold both coins and I continue to add to my investment. however, for new projects, detailed research is needed so that it can be seen how the potential for the future is, but only use part of the money, not too much for new projects.

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.

[nurilham]

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.

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.

[wxa7115]

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.

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.

[LogitechMouse]

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 ?

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.

[Luffygroove]

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.

[SEEEP ZEEBOLOGI]

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.

[LastKiss]

~snip~
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...

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.

[RussiaUkraineTranslation]

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.

[merekamo]

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.

[Nasreddin1205]

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

[wxa7115]

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.

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.

[Lambe Ndumble]

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.

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.

[tygeade]

Currently investing in new projects such as gambling, all techniques I have tried to see if the project I am participating in will rise or become a scam, and the best thing so that we can avoid it is to invest in new projects that we have analyzed and then with a small or minimal value.

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.

[Pujangga]

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.

[abel1337]

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.

[Natalim]

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.

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.

[Maidak]

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.

bear markets provide many opportunities so there is no need to research too deep for a new project or just choose altcoins that are already trusted. Maintaining a new project will indeed provide a big risk until it is useless and becomes waste, but I have also said that only use a little money for the allocation of new projects, because if the project is successful then we will benefit many times over, but if it only becomes garbage Of course it's a risk that must be accepted.

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.

[CuriousGeorge]

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.

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.