Hello my friends you're welcome to the Part 2 of our lessons on how to spot a viable Crypto project. With all that is going on in the Crypto Market Right now, I think this lesson is coming at a very important time. We see a lot of Defi projects come in and under a week, they have crazy numbers and out of nowhere with no prior warning, they crash because they dont meet a couple of the rules on how to spot a good project. We've seen it over and over again in the past two weeks, from $Hotdog token, to $YUNO, to $Pasta just to mention a few.
On Todays lesson, we discuss the second thing to look out for when researching into a project to find out whether it is legit, and that is their potential for Mass adoption. The goal for every project is to integrate more users; many projects spend thousands to millions of dollars for marketing just to achieve this. More users mean more demand for their technology and that invariable affects price and increases it. So if you are an investor, and you are looking for what projects to put your money into, you should look for those ones that can clearly attain mass adoption. You find this out by checking for what industry they are into, and if their technology is one that can be used by a lot of people. It is pertinent to note that the users might not just be individuals, sometimes users are others businesses or organizations, the technology though must be able to be used by a whole lot of people.
This is one reason why I am going big into Emanate Music. Their technology is most definitely one that will attain Mass Adoption; they are in a gem of an industry. Emanate is a Blockchain based Music streaming platform, and no matter who you are or what youre going through you still listen to some kind of Music, and they are just there to feed you with the Music you need. They also have a Unique Selling Proposition for artists and that is you get paid very very fast. Just under 6 seconds of your Music being streamed you are paid or your works, compared to others in the same industry with them this truly is crazy time. This takes away the time wasting in getting rewards that the Music Streaming industry is plagued with.
The Music Streaming industry is a very lucrative one, valuated at around $26 billion and Emanate is in a very good position to get a slice of that pie. Like I said look out for a project that can achieve Mass Adoption, and I think its pretty clear that theres no better way to achieve Mass adoption than through Music. Over 7 billion people on Earth and we all have one thing in common, we listen to some kind of Music, and you just cant go wrong with this project.
If there is no hope for Mass Adoption for a project, there is no hope for their token to rise in value and thats the aim for every investment youre making into any project. You are investing for the value to grow, so you can make some profit on your investment. Please always be sure to research heavily into their potential for Mass Adoption my friends, it truly is of utmost importance. This is the second installment in this series of 4, the next one will be coming next week Wednesday I do hope you learnt something from this and I hope to see you next week.
We shall not only check the potential of project but also the market potential like you said, we shall always check what industry they are serving , what is the market potential & make the decision accordingly