How I do my own research

By Christian Ramirez | thedarknite01 | 25 Jul 2022

NFA DYOR!!

We’ve all heard it before. All the cool kids are saying it. I wanted to share some ways I do my own research (DMOR?) when looking at crypto projects I’m interested in investing in.

I have been looking into some different crypto gaming tokens because I think this sector is going to be huge in the future. But I’m also trying to make money here, so I’ve been searching for ultra low market cap tokens which could have a massive ROI. This also means there is a high possibility a token could be a scam, and I want to minimize my risk as much as possible. These tips are specific to gaming, but I think they can also be applied elsewhere.

1. Do they have a website?

Also, is it good? This is my first thing to look at. It’s 2022 and if you have a garbage website, that’s a huge red flag for me. It’s like a resume in some ways, a first impression to the world. A site should be easy to read, designed well, and a little creative. All of these things tell me they at least care enough about their project to spend time on their website.

2. Do they have gameplay footage?

Honestly, I am so over empty promises. If there isn’t gameplay footage or at least a few videos with real people showing their progress on the game, that’s another red flag for me. Anyone can say their game is going to do XYZ, but making games isn’t easy. It takes a lot of time. If they are announcing things before they have gameplay footage, it could be a scam. But even if it is legit, it tells me they are terrible at planning and marketing which could be just as bad. Image from mist.game

3. Is their team doxxed?

There is absolutely no reason a project’s team members should be anonymous. The idea that they need to protect their personal privacy is absolute garbage. It’s a huge red flag for me if their team members use code names and all you have is a twitter handle. If there is no “our team” section, I also like seeing the company’s resume, something like “we have worked on reputable projects” with titles I’ve heard of before. Sometimes I will find a project that has CGI designers that have worked on Marvel films, which to me is a good sign.

4. How has the token performed so far?

If it’s a new token, that’s a red flag. I move on. Plenty of other crypto fish in the sea. If there is at least one year worth of history, I check to see if there have been any huge pumps and dumps. Crypto is volatile, so I try to look at that specific time frame and see if it follows the crypto market as a whole, which might explain certain price spikes.

5. Would you want to play the game?

There are so many games out there and not everything will be successful. So if a game checks all of the boxes above but doesn’t look like the average person would want to play it, I won’t invest in it.

Bonus

Another thing I like to see is a copyright with a company name and LLC at the bottom of the project's website that doesn’t match the project name. It could be made up, so I do a separate search for the LLC, but if it’s legit this means they registered a business, which is a great sign that they are serious and it isn’t a scam.

Thanks for reading friends!

I hope you found something useful in this article. Let me know your thoughts in the comments!