Questions to ask and details to consider before investing in a Cryptocurrency Project:
Ask these questions about $GIFU (A BSC Token that brings value back to $HIVE) in the Discord Discord and you'll be pleasantly surprised to see how Transparent the Project is and how much utility this Token has and how much more utility is still to come.
Project Fundamentals
What problem does the project aim to solve, and how does its token fit into the solution?
Is there a clear and detailed whitepaper, and does it make sense?
What is the project's unique value proposition compared to existing solutions or competitors?
Is the project centralized or decentralized, and does this align with its stated mission?
Team and Credibility
Who is behind the project, and what are their qualifications or past successes?
Are the team members publicly identified, and do they have verifiable online presence
Has the team delivered on previous projects or promises?
What blockchain or technology underpins the project, and is it scalable, secure, and efficient?
Is the source code publicly available (e.g., on GitHub), and has it been audited by reputable firms?
What is the current stage of development (concept, prototype, mainnet), and is there a working product?
What is the token’s total supply, circulating supply, and issuance schedule?
How is the token distributed (e.g., team, investors, public sale), and is it fair?
What are the token’s use cases within the ecosystem (e.g., governance, fees, staking)?
Is there a clear revenue model or economic incentive for token holders?
What are the funding sources (ICO, private sale, VC backing), and how are funds allocated?
Who is the target market, and is there evidence of demand or adoption?
How active and engaged is the community (e.g., on Discord, Telegram, Twitter)?
What is the project’s roadmap, and are milestones realistic and verifiable?
What are the regulatory risks in the project’s jurisdiction or target markets?
Consider how laws (e.g., SEC rulings) might impact its viability.
Are there red flags like exaggerated marketing claims, lack of transparency, or signs of a rug pull?
In addition, if you are creating a Token and a Project you should realize savvy investors will want clear answers to all these questions + many more. So, prepare your Whitepaper, website and Social Media Communications to address these issues and be as transparent as much as you can.
Also, be sure your Token has utility otherwise it will 99.9% FAIL. After all the recent Rug Pulls so many potential investors will be leery of investing in another Shitcoin.
What are some other details one should consider before investing? Have you ever been rugged? Tell us your sob stories!
Recent projects to Rug poor investors are $HAWK and I just wrote about $LIBRA which was promoted by the President of Argentina. So watch out for asshole Celebrities that use their Popularity to promote Projects.
You made it to the end of the post, Well Done!
Are you interested in growing the project and being part of a team? Let the $GIFU Team know what you have to offer and lets grow together. You are still all very early with so much more to come.
Useful Links
Discord
GIFU Official Twitter
WillFuckForGifu X Account FOLLOW BRO
Buy GIFU on Pancake Swap YUMMY
Buy GIFU on Hive Engine
Swap Hive for BNB
Linktree
GIFU.io Website
