Crypto projects are no longer strange investments that only a few know about. Investing in projects built on blockchain is starting to permeate the mainstream business culture, but is it really worth it? And even if it's worth it, should we invest in it?
Knowledge is the most powerful tool an entrepreneur, businessman, or investor can have, and today with this article we will try to provide you with as much knowledge as we can about crypto investing.
In addition to learning the essential crypto and NFT jargon, there are a number of questions that a potential investor seeks answers to, before diving into this world. What makes a project better and more reliable? Are there signs that you should invest? What is your exit strategy?
Here are some tips, ideas, and things to keep in mind while checking a project for making an investment.
The Team Behind the Project
In a new world like crypto, experience has a great value and comes at a cost. Don’t invest blindly, spend some time doing due diligence about the team behind the crypto project. Have they experienced coding on a blockchain before? Have they had success building similar projects?
If there is something certain in business, it is that you cannot be sure of anything. Investing in a project having experienced people on the team does not guarantee success. However, it boosts the chances of success and gives you peace of mind.
You will be relaxed by finding experienced people in the team who can take it forward. Ideas without execution have no meaning in the long run. What you're basically doing here is relying on the team's ability to execute their vision.
Actual product
The Internet is filled with Crypto marketing documents like Pitch decks, Whitepapers, Lite papers, etc. This more than enough information can sometimes create a lot of confusion and be misdirected. A whitepaper is the most important document for any cryptocurrency project, so take your time, go through it and understand the specifics of the project.
Other than whitepaper and documents what you are getting with your investment? If a game, check features, and uniqueness, and if tech, check its potential. In the end, it is the product that matters most, not just the documents.
Dive deep in the sea of information and make sure you understand the current and near-future of the product and the roadmap built around it. Choose the project having a Minimum Viable Product (MVP) as it is a sign of what the product can do.
Community
Good projects always attract the attention of insiders, experts, and people who are always engaged with this space. Seeing attention transform into a thriving community is a good indication of the potential of the project. Always beware of fake followers and internet bots. Don't just look at the numbers but also pay attention to people’s opinions on their social media channels and posts. Is there any value? Are the comments coming from the product users?
These all matter while doing research about a project, and these also show how big and engaged the community is? A bigger and more engaged community means a low risk of project failure.
Don’t over-spread your portfolio
Rather than capitalizing on several different projects, focusing on just a few will have more benefits. The thing you have to pay attention to is that there is a learning curve for both you and the project creators. This means that you need to spend more time in understanding each project and making decisions about investment.
If you are looking for a good project to invest in then panKUKU is here for you. panKUKU ticks all the boxes and has the longest list of live products by any DEX project. The project has a community of thousands of people and it is growing at a rapid pace. Check the official website now and decide for yourself why you should invest in panKUKU! https://pankuku.net/
panKUKU Suriname-based biggest DEX project has recently announced IEO sale platforms including DexTrade, Latoken, Azbit, and Tokpie. As per the received details, they have decided to run IEO Sale on several different platforms to give their audiences more freedom.
Exchange Listing on All Exchange platforms
Now Join the sale
- DexTrade IEO: 18 July 2022 To 3 August 2022 | https://dex-trade.com/ieo/KUKU
- Tokpie IEO: 5 July 2022 To 31 July 2022 | https://tokpie.io/tokens/pankuku
- Azbit IEO : 22 July 2022 To 29 July 2022| https://azbit.com/ieo/KUKU
- Latoken : 13 July 2022 To 28 July 2022 | https://latoken.com/ieo/KUKU
- CoinStore: starting from 1 August 2022
- CoinsBit: starting from 1 August 2022
- Pancakeswap: starting from 1 August 2022