Selecting potential crypto projects for investment can be challenging and risky, as the crypto market is highly volatile and speculative. Here are some steps to consider when evaluating crypto projects for investment:
1. Research the Team: Look into the backgrounds and experience of the project's development team. Experienced and credible teams are more likely to succeed.
2. Whitepaper: Read the project's whitepaper to understand its technology, goals, and roadmap. Ensure the project has a clear and innovative use case.
3. Community and Social Presence: A strong and engaged community can indicate a project's potential. Check social media channels, forums, and Telegram groups.
4. Market Demand: Assess whether the project addresses a real-world problem or has a unique value proposition. Projects with strong use cases tend to perform better.
5. Partnerships and Alliances: Partnerships with established companies or other crypto projects can be a positive sign.
6. Technology and Development Progress: Evaluate the project's technology, codebase, and development updates. Regular updates and a transparent development process are important.
7. Tokenomics: Understand the project's tokenomics, including the total supply, distribution, and how tokens are used within the ecosystem.
8. Security: Assess the project's security measures, including audits and vulnerability assessments.
9. Roadmap: Review the project's roadmap to see if it has clear milestones and plans for growth.
10. Market Analysis: Consider the current market conditions and trends. Diversify your investments across different types of cryptocurrencies to spread risk.
11. Risk Management: Never invest more than you can afford to lose. Be prepared for the possibility of losing your entire investment.
12. Regulatory Compliance: Be aware of the legal and regulatory environment in your country regarding cryptocurrency investments.
Remember that investing in cryptocurrencies carries inherent risks, and it's essential to do your due diligence and consider seeking advice from financial professionals before making any investment decisions. Additionally, it's important to stay updated with the latest developments and news in the crypto space as market conditions can change rapidly.
In my opinion, one of the new projects in 2023 that has a potential reputation with the 12 tips above is blockestate
What is Blockestate?
BlockEstate is a decentralized finance (DeFi) protocol that aspires to transform the real estate investment sector by launching a decentralized, community-owned real estate protocol that concentrates on tourism-centric properties.
What Is Blockestate’s Purpose In Building?
Our goal is to democratize access to global real estate investments, reduce entry barriers, and present a professionally managed and transparent platform suitable for investors with a range of financial means.
Roadmap Blockestate
• Successful BlockEstate pre-sale
• Marketing campaign leading up to LGE
• Successful LGE
• Acquire assets listed in investment strategy
• Seed liquidity and open trading of $BEH
• Whitelisting on DEX aggregators like Firebird
• Partnerships with other real estate protocols, launch dAPP
• Implement staking for $BEH and send the first quarterly rewards
• Set up a DAO voting system for $BEH holders to vote on Block Estate decisions
• $BEH Meeting in Dubai End of 2023 (Meet the Team, Network, Party
Tokenomic 🪙
$BEH is an ERC-20 token with a maximum supply 100.000.000, or one hundred million.
The token derives its value from the assets under management owned by BlockEstate and special benefits that come with holding $BEH.
• 50% is offered to the public during our Liquidity Generation Event
• 20% are paired with $USDC and locked on a decentralized exchange
• 15% is vested to the team over the course of 12 months, after an initial cliff of 6 months
• 11% are held in the BlockEstate multisig wallet as reserve for future expansion
• 3% are allocated for community airdrops
• 1% were sold during BlockEstate’s Pre-Sale
Investment Strategy
BlockEstates' investment strategy involves allocating pooled funds to various real estate properties. With $1 million raised, investment will focus on the Wadi Jebal villa and Shiva house. After raising more than $1.2 million, New Capital and Siwa's Almaza Bay studios and properties in Cairo will be added. When the fund exceeds $3 million, the portfolio will expand to include apartments in Barcelona and San Sebastian, as well as two apartment units in Koh Samui. Finally, when more than $5 million is raised, the investment will expand to acquiring apartments in Miami and Mykonos.
1. $1,000,000 raised
Wadi Jebal Villa
Shiva's house
2. More than $1,200,000 was raised
Almaza Bay Studios
New Capital Cairo
Shiva's small house
3. Over $3,000,000 raised
Barcelona Apartment
San Sebastian Apartments
Koh Samui - two apartment units
4. Over $5,000,000 raised
Miami Apartments
Mykonos Apartments
#bitcoin #crypto2023 #realestate #defi #Binance
