Reserach NFT projects.

In this article you will learn how to reserach NFT projects

This article was written entirely from my experience, which I have gained over a long period of time.

Introduction to NFT Reserch

Greetings dear cryptan, in this article you will learn what reserch is and what you need to start reserching nft projects, let's go!

Minting - Or minting NFT - At the moment of minting, information about NFT is added to the blockchain. Or-to put it simply, it's the process of buying NFT on presale.

Flip- (to flip) but in this case it's getting quick profit from buying-selling NFTs.

WL-Whitelist, a white list that gives you the right to commit an NFT (not always), usually takes the form of a role in discord and asks you to list your wallet, that would put it in the white list

WL Token - Same as the standard WL, only it is issued on your purse this means that you also have a guaranteed way to commit nft and during the mint you have 1 token - 1 mint, you also can sell it on the market

GREEN FLAG-usually means that the project is worthwhile and you have no claims to it

RED FLAG🚩- Projects with bad reputation or with signals to skip the collection

OTC- OTC-marketplace where you can buy or sell whatever you want

Solana- Solana (SOL)is not just a coin, but a whole blockchain designed to support scalable decentralized applications in short DAPPS.

Solana is also the fastest blockchain that has a throughput of over 50.000 TPS (1000-5000 in reality), a block of only 400ms, and has an average transaction fee of around 0.0005 SOL, which makes it the cheapest blockchain in terms of fees

Gas is a unit of transaction price in theERC20 network. In Ether, for example, it is called a gwei. 1 Gwei = 0.000000001 ETH.

What is a reserch, what to do with it, and how to reserch projects?

Research is a slang word that means the process of finding information about a project to be used to understand the project, what it does, what problems it solves or what problems the project itself has, in general it is a collection of information about a certain projectThe task of research is to fully analyze the project: Twitter, Discord, Team, Utility, etc.

Project Twitter

One of the most important factors in the nft project resurvey is the Twitter resurvey We analyze by these criteria:

When was the tweet created?

This criterion does not influence anything, but the most important thing is that the tweet was not created in a month when the mines were held, because it immediately flags red🚩 for the project

How many followers and how many bots in the tweet

One of the important factors, here I can distinguish such ranges

0-10.000 followers - Usually, this number is the number of followers for projects that are just starting out, and have only one post, which means that the project will produce nft. But if it's a project that is about to start a minft then it's a red flag and should be mined if it's a project from any of the top teams

10.000-30.000 subscribers - This number of subscribers includes projects with weak marketing campaign or undervalued projects if we are talking about projects with an announced minth, but if the date has not been announced, the project can be promising

30.000-100.000 subscribers - This will be more interesting, the projects with this range of subscribers either already gained their fanbase, or just gaining. If the project has an unannounced mint date, then this project should be watched and try to get WL.

100.000+ subscribers - With this range of subscribers is the future Blue Chip or promising projects.

Subscriptions

If you subscribe to people from the list of Influencers, then you can find out which of them follow the project, although now almost every project has dozens of Influencers subscribed to it, then you should only look at the quality of these Influencers

Their quality can be divided into

-Whales

These can include, Foundations, Founders,

-Exchanges and platforms.

Here everything is simple if we see CEX in subscriptions then we can expect that the collection will either run its sale there or this exchange will be somehow connected with this collection

-If we see DEX we can expect the collection to have its own token

-If we see Marketplaces then the same situation as in exchanges

-Degenes

Not always useful because there can be dozens of them in subscriptions, but their absence is also bad.

What kind of posts the team produces

One important factor is the quality and quantity of posts, it is especially important that the projects do not clutter up their feeds with practical jokes

Any interaction with the audience

Few - if it is at an early stage, you can still omit this fact, but if the project has gained a fan base, it is RED FLAG🚩

Medium - the project has to build a community around its brand

A lot - The main thing is not to overdo it, because more does not mean better.

Talk about the usefulness of their project.

AMA

Retweets

As for retweets, I would say they are in the small-to-medium range

Showing off their JPEGs before a mint - Sneak-Peeks

Collaborations

The middle ground in collaborations is Medium-Small.

Small - If a little you need to look at the quality, usually few collaborations hold collections that become Blue-Chip, and most importantly, that these collabs would be with Blue-Chip collections

Medium - Analog with few collaborations.

Lots - Red Flag🚩

Gives - They shouldn't be 95% of the whole band.

Few - If we have a small number of posts with Gives, then the project is interested in not every second can get a WL, which means they know what they do.

Medium - This is debatable, because many projects have medium and small givs, so the average number is also allowed.

A lot - 🚩🚩🚩🚩

Project Discord

Next, we go to the project discord, study it and conduct a recce according to these criteria

How many people

This is a particularly important criterion.

If the discord is closed - any number can be here, and it does not particularly affect anything, because then make it open

If it is open - not less than 50% of your twitter followers.

Analysis of chats

It is very simple and brief - go to General chat and look at how fast it flies, also look how many people are not writing the same phrases

Analyze admins and moderators

How do you analyze admins and moderators?

Easy, ask them uncomfortable questions, tag them, etc.

If they can not answer you an inconvenient question and either ban or ignore you, or worse, their aggressive behavior is worth reflecting on the project

Analysis of the collection

Turning to the most important thing - analysis of the collection

The price of mint

One of the main factors and directly linked to the circulation of the collectionThe price of mint is connected with such an indicator as the total collection, and when some noonemes team decided to collect $ 500.000 + you should think about the collection

Number of nft.

This is one of the most important criteria for analysis of the project, because the amount should match the fanbase of the project +-, and match the price of mint

Compliance with the fanbase:

I.e. when a project has 100k + readers in twitter and 30k + online in discord, you can assume that 8-10k is the best option - it is clear that some people have enough, but others do not

And if the project has 10-50k readers in twitter and online discord does not exceed 10k people then 8-10k will be too much, and it will be clear at once that the project came only for fundraising

If the minth of the conditional $ 100 and the number of 10,000 - the total amount of $ 1 million, that for such a project is very, very much (but there are exceptions)

Also, it may happen that the team decides to reduce either the number of NFT or the price, or maybe all at once, it can happen when:

Team lost their fanbase

The market is not favorable to the release of the collection

This collection after that can be discounted.

How many seats are allocated on WL

Also quite an important indicator,

As we know wl are sold in large quantities on the OTC markets and if the price of wl exceeds the price of a mint in 5-10 times, and if the collection will go to x5-10, then we can assume that those who bought WL will quickly begin to drain them to go to 0

A huge price for WL does not mean that the project will give a lot of X's

We need to know how many WL seats will get and at what price they will min

Team - Usually they don't get any WL as they have already raised funds for the mint, and giving themselves WL can mean that the project🚩🚩🚩

Infles - the ones who are filled in with these people for them to draw, usually this information is hidden, but we can see who's signed up infles and see how many they draw WL

And the regular WL's, here at least 50-80% i.e. no more than 20% left for the public.

Utility

Now almost every project is doing the steaking and saying look how cool we are we have steaking and that means passive income - no, the top collections are doing much more Utility for their nft:

-Airdrop

-Staking

-DAO

-Giveaway

-Access to some events

-Access to the following collections

-Merch

I.e. if the project promises only steaking you can skip the project

And if it the project is built for the community the more useful for holders the more interested people will be who will want to come into the project

Website of the project and information about it

Though not many projects make sites, but here I can immediately identify if the project already has a site filled with information, the project can be written on paper ✅✅✅✅

Site

What should be on the site?

-Information about the collection and price of mint

-Information about Utility

-Roadmap

-Whitepaper or Tokenomic - Not always and not all projects have

-Command

-The most important thing here is that the team was not anonymous, or at least the main characters in the project were declassified

The most important thing is that the information is publicly available and easy to find

Bottom line

I advise you to combine all of the aspects from this article for resourcing projects as a project can be strong in one thing, but for example communication with the community can be lame, etc.

And let's go over RED FLAG again

🚩The team doesn't care about their community.

🚩Have a lot of gives, and clutter their Twitter with stuff.

🚩Worst team - Unreasonable huge saplay with huge price

🚩Bad collection design

🚩Huge promises - Small teams will fail most of the time

BEST NFT PROJECT OF 2023 - https://mars-wars.com