Hello guys, and welcome to the fourth and final part in our series on How to spot a Viable project series. If you haven’t read any of the previous 3 then you really should check them out here.
https://read.cash/@Don_Christov/tips-to-spot-a-scam-project-3-88fb1c47
We have talked about different concepts to look out for when researching into a project to invest in. We discussed the technology itself, we also talked about researching about their potential for Mass Adoption, and their team. Straight into today’s topic and the last in this rather long series, today we talk about the projects partnerships and updates.
No man can achieve his full potential in isolation, we are all social animals and we need others to grow and boom. The same can be said for businesses and by extension Crypto projects; they need other projects to grow. A project that isn’t going into any partnerships or is never in the news is almost certain to not grow further. Please do not mistake this for the project always being in the news, too much of everything is bad it opens them to unwanted attention and scrutiny. But partnerships, updates, reevaluating and reworking their roadmap, releasing new features are all important for a project to remain relevant, and any project that is lacking in these areas will not stand the test of time.
It’s one of the biggest reasons I love Status Network, I’ve been watching their team and contributors from all over the world work together make the Status Network better than it is currently. From ramping up the security, to organizing meet-ups around the world spreading the gospel of Blockchain and Status, to getting in the news and various other big moves, the Status team sure is working.
Another big criterion to research into is a projects partnership. When there are big updates and heavyweight partnerships you can expect it to attract investors and get in the face of the people. When that happens it is almost sure that the price of that token will witness growth and their product more users. It’s not rocket science tbh, there are a ton of projects out there all jostling for the users’ attention and the project must find a way to stand out and get investors. Take your time to research into their partnerships, the updates they release and if there is any new features and how they better on their already existing technology. Investing truly is risky and before you put your money anywhere you must make sure that you have done you Due Diligence thoroughly. I sure hope you have learnt a thing or two from this series and with this I close the curtain on this, thank you all for following me on this one month journey let’s do it again soon.
Check out their website to know more about Status Network
https://status.im/
