When researching a project you are unfamiliar with, what should we look for after the technology of the project?
The technology used by the project and how equipped the project team is are very important. So how important are project communities? It definitely matters, who is the project's team and why do the people supporting the project trust it? Let's look at this together.
Coin Market Cap will be very useful at the beginning of this type of research. For example, you are researching the x coin project, we opened the Coin Market Cap and first of all, there are two different actions you can make here. One of these is to enter the project's page and open its own website and X account.
1- You can see all the details of the project in the "About" section of the website. It is available here on the platforms where its community is available, be sure to check it out. We should look at how the team behind the project supports and how it works, because user support is one of the most important things. Since crypto is a new community, there are many new people entering the market. We look at interactivity, such as how this team answers people who have questions about the project and how it embraces its community. In short, we check whether the bond between the users involved in the project and the project team is strong or not.
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2- Who are the people behind this project? Again, we can find many different details by looking at the people in the main team on the website and looking at their personal LinkedIn and X accounts. Especially if you are looking at a small project, these details should be looked at in more depth when examining. If the team information is not available on the website as I mentioned, that is, if you cannot access the accounts of these people, this must be a minus for you.
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3- What should I pay attention to when examining the team? For example, the personal LinkedIn profile of a member of the team includes information such as what they have done before and what projects they have worked on. The details of the projects you are involved in can be very distinctive for the operation and future of the project you are examining. We can more or less estimate the relevance of this person to the project and the value he can add from the person's equipment.
4- When it comes to the social media of the project, I can say that the most important parts of the X accounts are the number of followers and the interaction rates of their tweets. This is very important because a lot of projects buy used accounts, bot followers, fake comments and likes. That's why it's so important to look at their quality. To understand this, you can check the balance between the number of followers and engagement. For example, 18,000 views for 978,000 followers in a project is a small number and it looks like the followers were purchased, which is a situation that should not be approached in new projects. However, if the project is large and old, it may be considered differently. If this project already has a name and audience, they are no longer trying to establish a community and I can say that their followers are high but their interaction is low.
This is definitely not the case in new projects; in small projects, the number of interactions should be more balanced than the number of followers. Because new projects definitely need community awareness in the community to get the hype they expect.
