Good morning, and welcome to Day 36! 🔍
After yesterday’s lesson on patience, a key question remains: What are you actually waiting for? The answer is a high-quality opportunity, which you can only find through research.
Buying a coin based on a tweet or a hype video is gambling. Today, you learn to be a detective. We’re breaking down the essential 5-point checklist you must complete before any investment. This is the real meaning of DYOR (Do Your Own Research).
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Your Crypto Project Detective Checklist
Never buy a coin blindly again. Work through these five steps.
1. The Team: Who’s Behind It?
· What to Look For: Real, public founders and developers with LinkedIn profiles and relevant experience. Look for builders, not anonymous "gurus."
· Red Flags: Anonymous team, fake LinkedIn profiles, no technical experience, or founders with a history of failed projects.
· Your Action: Google every name. Look for their past work and reputation.
2. The Utility: What Does It Actually Do?
· What to Look For: A clear, simple answer to the question: "What problem does this solve?" Real-world use case.
· Red Flags: Vague promises ("web3 revolution"), solving a problem that doesn’t exist, or having no function beyond being traded.
· Your Action: Can you explain the project's purpose in one sentence to a friend? If not, it's too vague.
3. The Tokenomics: How Do the Tokens Work?
· What to Look For: Understand the token's supply and distribution. How are tokens released over time (emission schedule)? Are they used to pay for services within the project?
· Red Flags: A huge percentage of tokens going to the team without a long vesting period, or an unlimited supply that could inflate away your investment.
· Your Action: Find the project’s "lightpaper" or tokenomics docs. Look for a clear supply chart.
4. The Roadmap: What’s the Plan?
· What to Look For: A realistic, time-bound plan of upcoming developments. Past goals that were actually achieved.
· Red Flags: Roadmap filled with buzzwords but no specifics, constant missed deadlines, or a "when it's ready" attitude.
· Your Action: Compare their past roadmap promises to what they’ve actually delivered. It shows execution.
5. The Competitors: How Does It Compare?
· What to Look For: Other projects in the same sector. What does this project do better or differently? (Its "competitive edge").
· Red Flags: No clear competitors (maybe the market doesn't exist), or simply copying another project with no improvement.
· Your Action: Search "[Project Name] vs" and see what comes up. Understanding the landscape is crucial.
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Your Research Action Plan
Next time you hear about a coin:
1. Open a note on your phone or computer.
2. Create headers for Team, Utility, Tokenomics, Roadmap, Competitors.
3. Spend 30 minutes searching and filling in what you find.
4. If you hit two or more major red flags, STOP. The research is done. It’s not a good bet.
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Today’s Big Takeaway
You are not investing in a price chart. You are investing in a team, a product, and a plan. This checklist is your shield against hype and your path to conviction.
When you buy based on this research, you’re no longer hoping—you’re investing with understanding. This turns panic into patience during market dips.
👉 What’s the most surprising thing you’ve found when researching a project? Comment below!
Be a detective, not a gambler. Your diligence is your edge.
— Your Guide on the 90-Day Challenge ✨
#DYOR*