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Use this time to educate yourself about Crypto!

All Cryptocurrencies

by COINS NEWS 267 Views

I'm giving you all homework during this dip. Most of you joined this subreddit during the crazy run up from the past couple of months, sometimes investing without the proper knowledge about the coins/tokens you were buying. That's about to change thanks to the wonders of internet, here's some things to start researching:

  • Whitepaper: ''A white paper is an informational document usually issued by a company or not-for-profit organization to promote or highlight the features of a solution, product, or service that it offers or plans to offer. White papers are also used as a method of presenting government policies and legislation and gauging public reaction.'' - Investopedia. It's basically a document that explains everything about the coin you need to know, but it can be very technical at some points. Watching Youtube video's explaining the tech in simple terms is a good alternative I frequently use.
  • Tokenomics: ''Tokenomics is the study of how cryptocurrencies work within the broader ecosystem. This includes such things like token distribution as well as how they can be used to incentivize positive behaviour in the network.'' - Decrypt. Some aspects to look at are; circulating supply/total supply, marketcap, token distribution (whitepaper), governance, dev funds, utility within the ecosystem (whitepaper.
  • Team/company: every coin has a team/company behind it developing the project. How do they deliver on their promises, are they on track with their roadmap? Is the team doxxed or anonymous? What's their expertise in crypto? Do they have enough funding?
  • Social media: Teams keep their investors up-to-date through social media, how is their presence on these platforms? How does the community react to updates?

Here's the homework assignment, tell me one thing you found out about a project after research you didn't know before. Best answer will receive 500 Moons, winner will be picked by me, I will read every comment. joke comments disqualified).

submitted by /u/SweetPie123
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