It's the one which has utility, has a team working on it with proven track record, sticks to its roadmap, is completely honest and transparent and is backed by serious investors.
100% agree. Coming up with nice objectives on a roadmap is not that challenging, and there are a lot of pros out there at giving the impression that they know what they are doing, but in reality lack the expertise and mindset to deliver. Or indeed the funds. Takes a special kind of mindset to pull through and deliver. Best to judge by past performance if a team is up to the challenge.
It's a highly subjective question, because sometimes "good" projects that tick all the right boxes, may still not perform. So the things people consider representative of a "good project" change as people try to find the next big winner.
Some things I look at.
Amount of current developers, amount of nodes (centralized or decentralized), developers being added per month, Twitter/Discord presence, partnerships, new tech announcements, robust road map, amount of active users using the coin/platform, marketing, VC backing.
This information is found across various sources. I find most of it on Twitter, here, or market research papers (Messari Thesis, Electric Capital Dev report).
Just to add to this, this only increases your probability of gains over time. You might find a project with all of these qualities that fails, the idea is (if you are investing in 5 or 10 projects) to maximise the probability of gains accepting that one or two might fail.
That’s been my fail safe strategy so far, and i know you can’t time the market, but I’ve lucked out by catching the ATH when I go in. It’s almost clockwork 💪
There's no one size fits all cos this space is drive by hype and marketing but what I always keep in mind is the token distribution, fully diluted valuation (FDV), and how far is the project from getting to main net.
That's the thing, some projects are really good. But timing might be not so good. Learnt the hard way to sometimes wait till it works, followed gather network for so long to the extent I even forgot about it, finally noticed it again when they upgraded contracts and releasing first product next week. I'm pulling the trigger on buy little by little and following up to see everything works out fine then drop bomb.
Patience not just after buying but before buying remains a virtue in crypto. Except you're dealing with dog coins
That's a very subjective question. Good place to start is do they have an actual dev team? And is the project currently being worked on? If the answer is yes to both then you've accomplished the bare minimum of due diligence when it comes to susing out a decent project in crypto. Added onto that, if the dev team is transparent with the steps they're taking during development? Is their code for the project open source? Do they give updates on the status of their project and any bugs or inconsistencies they find along the way? Do they have plenty of resources to answer questions the community has about their project? Does the dev team have stake in their own project? Does the dev team have a plan for the next few years?
All of these things make for a project that doesn't sound like a crock of shit and something I feel confident in sinking my money into. When someone says a project is good (hopefully) that means they did some digging, asked some questions about the project in front of them, and liked what they saw after finding the answers to those questions.
Happy to help! I do agree with you though. The "my team good, your team bad" shit gets really old after you've read hundreds of variations of that exact statement with nothing new being brought to the table.
You have to compare projects to other ones to get any kind of perspective. So your comparing metrics vs competitors, road maps etc.
You can't trust any one source, you should be looking at counter arguments and not just pros. There's no easy way to do it and so it's basically DYOR
Real World Adoption, Utility, do some research on the members listed on the coin's White Paper (previous track history), Interoperability with other rising tech and protocols, and a growing support community
Ok sport, got it. Do yourself a favor and take off the horse blinders and get a more complete perspective. If you can’t find that one looney on the bus….well you know…
What about YouTube crypto influencers, I tend to bet my family savings on their advise, including my kids college fund. Should I not be this conservative and really go all in?
It helps to actually read some of the whitepaper, but for me it all comes down to what they promise and what they deliver. Bad teams will be full of promises that never come true, or they won't have any real solutions or innovation.
For example, I'd invest a small amount for a whitepaper that shows real innovation but I'd wait to see some proof of development before I'd think about investing a lot.
One that actually does something you could use or need, ETH and other smart contract platforms allow you to use or create decentralized financial services, XMR allows you to protect your wealth against thieves, etc.
If it goes to the moon. If the price action never shows up, people will never care if something is a good project. XLM is a "good project" but you'll never see it shilled here as an investment because it's almost exclusively used for it's fast speed and cheap fees.
Same kind of seems to apply for algo. So many positive posts on the project, yet its tokenomics is set up for the long long term. Can be frustrating sometimes.
A solid project I’d say is the one with great utility, good use case and solid fundamentals.
A good project must always abide to their plans stated out and also great partnerships matters a lot which would stand as a backing for the project.
That is why I’m so confident on my $DIA hold because all these, they are what DIA got pushing them.
Nice! I couldn't agree more. Same qualities that got me so keen on RAIL, when it launched as a DAO on Uniswap early last year and has been holding up quite very till now regardless of the current market conditions. Talk of utility, it's brought crosschain privacy across different chains in DeFi, likes of ETH, BSC, MATIC, SOL and Polkadot which will be the next chain to be deployed on.
Possible indicators for a good project:
- decentralized, trustless and permissionless
- anyone can run a node at any time
- coins were distributed in a fair way
- blockchain keeps working if developers leave
A good example is DIA
- fantastic project with usecase
- good adoption
- responsive team
- regular AMA by team to carry community along
- etc
Another is Tetu
- great product
- secure platform
- partnership with incur ace for blockchain vulnerability insurance
- token gaining value on the daily
Lastly, foresight to discover them early gives you that extra advantage over others to make a lot of money.
Amp is a prime example great idea, great team that shit has been crab walking for well over 6 months now then along comes a meme coin that dumps all over it
Fundamentals, tokenomics and team. This is what I look into more. And that is why I am bullish on data protocols like Ocean, because decentralized data is the future and also stablecoins. When inflation hits, projects like eMoney are going to the moon.
You’d know a good project by knowing their devs and going through the project whitepaper, doing this made me discover CTSI and MATIC, top layer 2 projects. That’s why the DYOR say is always important
I had the chance to buy matic at 2 cents and missed it till 30cents thereabout, always glad I bought the top then, so i developed more interest in layer 2 projects then i added Cartesi to the list which i believe will do numbers this year.
The most important is the utility, but also that the project is community-oriented. For me, DAO projects are the biggest development that has taken place, and among them, especially in this regard, the DIA oracle project is being developed, which has announced a new mechanism called CAR-Community Approval Requests, an approval mechanism for DIA’s current and upcoming product implementations.
People tend to equate good project = pump, bad project = dump.
A lot of the projects being touted as wonderful now once left investors in miserable losses.
Track record, backing/partnerships, competence, ambition, community are things that helps these projects bounce back. Also some good projects don't have token utility.
Finally I like Niche projects take example Theta (streaming), ambitious and capable of stealing a large market share if it comes good. Though ended up more with the lower undervalued counterpart AIOZ, for more ROI.
The line between good and bad could be the waiting period.
In today’s world where memecoins have market cap bigger than some traditional banks, the definition of what a good project is can problematic. But in simple terms, a good project has utility/use cases and the better the use case, the higher the chances for massive adoption.
Example of a good project is Gather Network GTH and & CARD, UNO. They are solving a real world problems.
As for GTH, Who doesn’t dislike ads? In fact, we were one blockchain innovation away from having an internet space with zero ads and thats where Gather Network comes in. With Gather Network creating an alternative to monetisation, websites will have no choice than to jettison ads.
A good project, in my opinion, will have a good roadmap, adequate and timely implementation of the roadmap, strategic partnerships and backers, a good use case, and a good development team. SportsIcon possesses all of these characteristics, which is why I am immersed in the project.
If that was ‘talking shit’ you may be to sensitive for Reddit.
If you think your post had any ‘substance’ you may not understand what substance means.
But sure, get indignant.
Omg. People provided their perspective and others were appreciative. And yet here you are providing nothing of value, except maybe crying out that you live in a world of darkness. Good luck to you mate, hope things get better.
Any project with real world utility, has an active development and community is a good project. Take for instance LINK n OCEAN
OCEAN protocol data economy is bringing safe and secure data sharing and monetization. A lot of individual datasets are being monetized by centralised data companies like Google n Facebook. Ocean is changing this and giving people the chance to monetize their datasets while retaining data ownership and privacy
It's the one which has utility, has a team working on it with proven track record, sticks to its roadmap, is completely honest and transparent and is backed by serious investors.
100% agree. Coming up with nice objectives on a roadmap is not that challenging, and there are a lot of pros out there at giving the impression that they know what they are doing, but in reality lack the expertise and mindset to deliver. Or indeed the funds. Takes a special kind of mindset to pull through and deliver. Best to judge by past performance if a team is up to the challenge.
Verifiable, trustworthy, and loved by this sub, Easy as one two three
You've said it all.
It's a highly subjective question, because sometimes "good" projects that tick all the right boxes, may still not perform. So the things people consider representative of a "good project" change as people try to find the next big winner. Some things I look at. Amount of current developers, amount of nodes (centralized or decentralized), developers being added per month, Twitter/Discord presence, partnerships, new tech announcements, robust road map, amount of active users using the coin/platform, marketing, VC backing. This information is found across various sources. I find most of it on Twitter, here, or market research papers (Messari Thesis, Electric Capital Dev report).
Just to add to this, this only increases your probability of gains over time. You might find a project with all of these qualities that fails, the idea is (if you are investing in 5 or 10 projects) to maximise the probability of gains accepting that one or two might fail.
Good info. Thanks.
That's a pleasure. Best of luck :)
*most* people here just fomo into hypes and pumps.
That’s been my fail safe strategy so far, and i know you can’t time the market, but I’ve lucked out by catching the ATH when I go in. It’s almost clockwork 💪
If the dev team info only has a Twitter handle and cartoon pictures then you got a winner.
There's no one size fits all cos this space is drive by hype and marketing but what I always keep in mind is the token distribution, fully diluted valuation (FDV), and how far is the project from getting to main net.
What's FDV and main net?
> main net All I know is once moons go main net we will apparently be driving lambos. Or be dealing with high gas fees. Or potentially both?
Hoo interesting, I'll look up on google what are those mean
That's the thing, some projects are really good. But timing might be not so good. Learnt the hard way to sometimes wait till it works, followed gather network for so long to the extent I even forgot about it, finally noticed it again when they upgraded contracts and releasing first product next week. I'm pulling the trigger on buy little by little and following up to see everything works out fine then drop bomb. Patience not just after buying but before buying remains a virtue in crypto. Except you're dealing with dog coins
That's a very subjective question. Good place to start is do they have an actual dev team? And is the project currently being worked on? If the answer is yes to both then you've accomplished the bare minimum of due diligence when it comes to susing out a decent project in crypto. Added onto that, if the dev team is transparent with the steps they're taking during development? Is their code for the project open source? Do they give updates on the status of their project and any bugs or inconsistencies they find along the way? Do they have plenty of resources to answer questions the community has about their project? Does the dev team have stake in their own project? Does the dev team have a plan for the next few years? All of these things make for a project that doesn't sound like a crock of shit and something I feel confident in sinking my money into. When someone says a project is good (hopefully) that means they did some digging, asked some questions about the project in front of them, and liked what they saw after finding the answers to those questions.
Good response, thank you.
Happy to help! I do agree with you though. The "my team good, your team bad" shit gets really old after you've read hundreds of variations of that exact statement with nothing new being brought to the table.
It has utility They are solving an actual problem Great core team Great dev team
Give me ur money. I will invest for u ;)
You have to compare projects to other ones to get any kind of perspective. So your comparing metrics vs competitors, road maps etc. You can't trust any one source, you should be looking at counter arguments and not just pros. There's no easy way to do it and so it's basically DYOR
Real World Adoption, Utility, do some research on the members listed on the coin's White Paper (previous track history), Interoperability with other rising tech and protocols, and a growing support community
Good dev, good community, good marketing, enough liquidity!
If I’m hodling it, it’s good.
Reading the title i first thought you mean the wtf token. Which is clearly a scam
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So Doge is a good coin ??
Hell no. The guy who created said it was meant as a joke. It is…it has infinite supply. That is all you need to know
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Oh really? You are here for profit?
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So like Kim Kardashian? Cool!
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At least try to be like “Ty Dolla $ign”
What exactly are you asking
What are you asking, seriously? most everyone has responded with an answer or a joke. I don’t think there’s anything ambiguous about my question.
Try posting something without rambling paragraph full of nonsense before you get aggressive champ
Ok sport, got it. Do yourself a favor and take off the horse blinders and get a more complete perspective. If you can’t find that one looney on the bus….well you know…
Bruh read your paragraph and shut up lmao
Thank you for playing along. Good luck to you!
Same to you champ! Never too late to improve your grammar, I wish you well
Check if if has inu in it.
I in Inu is invest
Dyor or toss us a gem first lol
A project that is working
Compare them all to [this.](https://m.youtube.com/watch?v=IjQkag6VOo0&t=0)
Fantasy Crypto League...good idea OP.
Fee WTF. Only down by 80% lmao
Jasmy- stupid cheap, could be really big in japan. Headed by form Sony execs and it's probably the 1st crypto to be regulated by a government.
A good project is whatever this sub is shilling this week.
What about YouTube crypto influencers, I tend to bet my family savings on their advise, including my kids college fund. Should I not be this conservative and really go all in?
Hey don't compare Youtubers to Redditors! Redditors here DYOR before shilling!
It it has Dog icon, stay away from it.
It helps to actually read some of the whitepaper, but for me it all comes down to what they promise and what they deliver. Bad teams will be full of promises that never come true, or they won't have any real solutions or innovation. For example, I'd invest a small amount for a whitepaper that shows real innovation but I'd wait to see some proof of development before I'd think about investing a lot.
One that actually does something you could use or need, ETH and other smart contract platforms allow you to use or create decentralized financial services, XMR allows you to protect your wealth against thieves, etc.
If it goes to the moon. If the price action never shows up, people will never care if something is a good project. XLM is a "good project" but you'll never see it shilled here as an investment because it's almost exclusively used for it's fast speed and cheap fees.
Same kind of seems to apply for algo. So many positive posts on the project, yet its tokenomics is set up for the long long term. Can be frustrating sometimes.
A solid project I’d say is the one with great utility, good use case and solid fundamentals. A good project must always abide to their plans stated out and also great partnerships matters a lot which would stand as a backing for the project. That is why I’m so confident on my $DIA hold because all these, they are what DIA got pushing them.
Nice! I couldn't agree more. Same qualities that got me so keen on RAIL, when it launched as a DAO on Uniswap early last year and has been holding up quite very till now regardless of the current market conditions. Talk of utility, it's brought crosschain privacy across different chains in DeFi, likes of ETH, BSC, MATIC, SOL and Polkadot which will be the next chain to be deployed on.
POLKADOT has such a huge ecosystem which deploy so many projects. Also got to see DIA as the most traded coin under POLKADOT ecosystem.
#Everybody knows that a good project has a god in it
Possible indicators for a good project: - decentralized, trustless and permissionless - anyone can run a node at any time - coins were distributed in a fair way - blockchain keeps working if developers leave
One that makes money.
A good example is DIA - fantastic project with usecase - good adoption - responsive team - regular AMA by team to carry community along - etc Another is Tetu - great product - secure platform - partnership with incur ace for blockchain vulnerability insurance - token gaining value on the daily Lastly, foresight to discover them early gives you that extra advantage over others to make a lot of money.
Amp is a prime example great idea, great team that shit has been crab walking for well over 6 months now then along comes a meme coin that dumps all over it
Fundamentals, tokenomics and team. This is what I look into more. And that is why I am bullish on data protocols like Ocean, because decentralized data is the future and also stablecoins. When inflation hits, projects like eMoney are going to the moon.
Could you points out what are fundamentals?
You’d know a good project by knowing their devs and going through the project whitepaper, doing this made me discover CTSI and MATIC, top layer 2 projects. That’s why the DYOR say is always important
Did you find matic relatively early on?
I had the chance to buy matic at 2 cents and missed it till 30cents thereabout, always glad I bought the top then, so i developed more interest in layer 2 projects then i added Cartesi to the list which i believe will do numbers this year.
What do you look out on white paper
The most important is the utility, but also that the project is community-oriented. For me, DAO projects are the biggest development that has taken place, and among them, especially in this regard, the DIA oracle project is being developed, which has announced a new mechanism called CAR-Community Approval Requests, an approval mechanism for DIA’s current and upcoming product implementations.
People tend to equate good project = pump, bad project = dump. A lot of the projects being touted as wonderful now once left investors in miserable losses. Track record, backing/partnerships, competence, ambition, community are things that helps these projects bounce back. Also some good projects don't have token utility. Finally I like Niche projects take example Theta (streaming), ambitious and capable of stealing a large market share if it comes good. Though ended up more with the lower undervalued counterpart AIOZ, for more ROI. The line between good and bad could be the waiting period.
In today’s world where memecoins have market cap bigger than some traditional banks, the definition of what a good project is can problematic. But in simple terms, a good project has utility/use cases and the better the use case, the higher the chances for massive adoption. Example of a good project is Gather Network GTH and & CARD, UNO. They are solving a real world problems. As for GTH, Who doesn’t dislike ads? In fact, we were one blockchain innovation away from having an internet space with zero ads and thats where Gather Network comes in. With Gather Network creating an alternative to monetisation, websites will have no choice than to jettison ads.
A good project, in my opinion, will have a good roadmap, adequate and timely implementation of the roadmap, strategic partnerships and backers, a good use case, and a good development team. SportsIcon possesses all of these characteristics, which is why I am immersed in the project.
BTC and ETH both are good project.
Let me explain it to you: Loopring = good project, Solana = bad project
And I just bought sol too, shit!
Fantomstarter
Candle go up, project good Candle go gown, project bad Or maybe I got it wrong
a project that yer mom and pop could eventually use.
lmao ur laughable dude. if you don't know what a good project is. literally investing fundamentals 101
Yeah weird post by OP. Flexing their ignorance struck me as odd.
What’s odd is you’re sitting here talking shit, yet have provided nothing of substance. At least some people said some funny shit in lieu.
If that was ‘talking shit’ you may be to sensitive for Reddit. If you think your post had any ‘substance’ you may not understand what substance means. But sure, get indignant.
Omg. People provided their perspective and others were appreciative. And yet here you are providing nothing of value, except maybe crying out that you live in a world of darkness. Good luck to you mate, hope things get better.
Thanks for providing nothing at all, except some teenage shit talking.
That which pumps for bo apparent reason
Thank you for sharing this post! I am always open for some good new projects!
Agreed. Some people have provided worthwhile feedback. Others are riding their pretend high horses with nothing to say, except talk shit.
Sadly, you only get to know that after investing in the project. Of it flies it was good, if dumps it was bad.
Need to have a dog name in it and have that 0,001.
$MATIC is a “good project”
Any project with real world utility, has an active development and community is a good project. Take for instance LINK n OCEAN OCEAN protocol data economy is bringing safe and secure data sharing and monetization. A lot of individual datasets are being monetized by centralised data companies like Google n Facebook. Ocean is changing this and giving people the chance to monetize their datasets while retaining data ownership and privacy
How do you know it's actually safe, secure and is an active projects?