Crypto Investing: A Strategy That Works | by Samuel Olapade | October 2021

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It is very possible that you will get your hands on digital assets at an early stage, which means that you have bagged Bitcoin and Ethereum, but right now you are considering getting into other assets. cryptographic and looking for the direction to go, this article is for you.

Often times we see different crypto projects launch a promotion and you feel confused as to which project to select due to the advertisement, product, caliber of people promoting the project and many more, so invest yourself in any crypto projects sneak peek?

Key note when selecting an encryption project

Let’s dive into the list of things to consider if you are investing in a crypto project.

1. Project team

When selecting a project, you should check the project team and research their background to make sure that they are not scammers who are just settling something with people’s hard money. Who is the founder, advisor, developer and check if you can see video information about their past or present presentations. Do you really believe that they can deliver based on the information you have gathered? So, the project team is one of the drivers that you need to take into account.

2. The scope or idea of ​​the project

Get the project white paper, draw the project goal, and see if it’s salable. There are a lot of crypto projects that have not stood the test of time because the idea of ​​the project is bad. The team can be good while the idea for the project is not salable, the project will certainly struggle to win the hearts of many who understand the importance of the scope of the project to buy into their idea. When you review the white paper, understand the focus of the project and make sure it is realistic.

3. Social presence

The availability of information about the project on social networks is very important. Can you easily get the project information online? Can you access it on major social media platforms like Twitter, Telegram etc. Project owners know the importance of social presence and that is why we saw recently that there are many Ambassador programs that they engage in to strengthen their presence in the space. The question is, is the Ambassadorship program good as a beginner in this space?

4. Use case of the created token

It is normal to have a token introduction for crypto projects as it is built on the blockchain, but the use case of this token launch is the most important thing. The larger the use case of the utility token, the more the user values ​​the token and this propels the stability of the project network, which also increases the interaction with the user.

Example projects with multiple use cases created for their utility token.

1. Hive: Hive token is the utility token of a social platform that has given birth to many communities on its network. For example, LEOFINANCE, PROOFOFBRAIN, PALNET, ACTIVIT, NEOXIAN and many others.

2. Persistence: this is a DeFi and NFT project with four main products which are pSTAkE, AuditOne, COMDEX and AssetMantle. During the review of this project, it was discovered that facilitating the transparent exchange of value around the world to increase the speed and efficiency of cross-border trade and finance to close the funding gap of 1.6 trillion has been one of the team’s goals since its inception. The $ XPRT token launched on the cosmos network has multiple use cases like staking on different Dapps for double reward, governance and voting rights and many more. You can find details by looking at the website.

3. MANTRADAO: It is a community-run DeFi platform that takes advantage of staking, lending and governance. He has a utility token known as $ OM which is used on his app (app with 6 platforms). Check the website for more information.

The crypto space is growing daily and there are great plans out there, you just need to research them, do your own research and ask questions. Coinmarketcap or Coingecko is a good place to check out projects and do your research on them.

As a beginner, becoming an ambassador for a new crypto project shouldn’t be your goal, understand the space first, the project and everything in between will follow.

Disclaimer: I am not a financial advisor, all I have shared here is my personal understanding, do your own research and set up your booth in this space.

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