I’m suspicious by nature and in Crypto that might be the best way to approach every project and community before exchanging money for a digital product. With the fast pace of crypto there is an undeniable need to exercise caution and common sense. If you have 2 working brain cells and value your time and money, then keep reading.
So, what to look for and what tools exist to help you weigh your options? Great question!
Let’s start with the basics by exploring a project together, and I’ll show you some of the free tools and resources available along the way.
Without further ado, I give you PunkAss.
Yes, PunkAss. I’m using you as my fabulASS project example. It’s for educational purposes so don’t get cheeky with me.
Imagine waking up one morning to see an ass all over your twitter feed. It’s going to capture your attention and let’s agree for the sake of exploration, PunkAss has also piqued your curiosity. You see they are minting, and you want to know more. What do you do?
Take your time to look at what information this project is giving you before doing anything else.
The PFP has an advisory covering it’s bum. Is this censorship, or sarcastic?
The Banner. Look at the banner for additional information. In the top right-hand corner is a badge for $NFTC Rewards.
What is this? I wonder if it has anything to do with the @mention in the bio Without even engaging with the account, this project has put out a lot of information.
Glance allows users to study Twitter Profiles and see who they engage with and how they engage. It also allows you to look at their followers. Pretty Neat.
Without ever clicking on the links within the project profile, we have explored the legitimacy of this project using 2 free tools. I’m sure there are additional tools that can accomplish this, so if you have other tools that you like, please share them with us.
Let’s Move on.
Some questions to ask yourself when visiting the website:
The last place I go, is Discord
Personally, discord isn’t going to draw me into a project. Discord can become very needy and too time consuming. When looking at a project, the overall vibe of the community will dictate if it’s a project with real engagement with passionate members of the community. Discord is a great social hangout, where information can be shared quickly and efficiently.
Trust your instinct and look at things objectively when selecting what project to mint!