Learning the friendly way

Hamster Kombat, Telegram's latest gaming sensation, is an innovative game that casts you as a hamster CEO running a crypto exchange. The core gameplay revolves around earning coins by tapping your screen, then investing these earnings to grow your hamster-run exchange.

Players can upgrade their workforce, unlock new features, and access limited-time seasonal upgrades, with each improvement boosting your exchange's hourly profits, creating a cycle of growth and investment.

The game encourages daily engagement through tasks like rewards, ciphers, and combos. These activities provide extra coins, accelerating your exchange's development. As you progress, passive income from upgrades eventually outpaces the initial tap-to-earn mechanic, shifting the focus to strategic resource management.

This clever design creates an addictive loop of earning, upgrading, and expanding, all wrapped in a quirky hamster-themed package. The game's blend of simple mechanics and deep strategy keeps players coming back to build their virtual crypto empire. 

What is the Hamster Kombat hype about?

While primarily entertainment, Hamster Kombat's integration with The Open Network (TON) adds a real-world element, with plans for a token launch and airdrop. 

The recently updated whitepaper outlines HMSTR token's economics, allocating 60% of the total supply to player airdrops, hinting that it's a for-the-people platform. It also states that the game aims to onboard 1,000,000,000 Web2 users into Web3, an ambition that loudly states "we're more than just a game."

This unique mix of gameplay and potential cryptocurrency rewards has made Hamster Kombat a standout in the evolving landscape of blockchain gaming. Not to mention a viral sensation. 

How does Hamster Kombat work?

This innovative game simulates the experience of running a digital currency exchange, challenging players to make strategic decisions that will propel their virtual business to new heights.

At its core, Hamster Kombat is about growth and community. Players create their profiles, customising them to their preferences, and engage in various activities to boost their exchange's performance. The game emphasises collaboration over competition, encouraging players to build connections and grow alongside their “squad”.

Daily tasks form the backbone of the gameplay. Players increase their coin balance, tackle daily combos and ciphers, and collect rewards to maximise passive income. This system allows for flexible engagement - players can choose to be hands-on or adopt a more laid-back approach, focusing on key decisions that multiply their earnings.

The game's referral system adds another layer of interaction. By inviting family and friends, players not only boost their revenue but also create a network of fellow hamster CEOs, making the virtual crypto world feel more connected and dynamic. According to the project's whitepaper, “99% of players are invited by their friends.” 

Hamster Kombat isn't just about profit - it's a playful exploration of decision-making in the high-stakes world of cryptocurrency.

How much is a Hamster Coin worth?

At the time of writing, the Hamster Kombat coin, HMSTR, has not yet been created and is not publicly traded. 

Who created Hamster Kombat?

Despite attracting considerable attention and building a large community, the makers of Hamster Kombat choose to stay anonymous. 

Can we earn money from Hamster Kombat? 

While players can earn the in-game currency, the promise is that users will earn HMSTR through the project’s eagerly awaited airdrop, set to take place in Q3 2024. This airdrop will distribute real tokens based on players' achievements, rewarding active participants and boosting engagement. 

To fully participate, players should link their TON wallets in the game, and of course, get playing. To find out more about whether you can really earn money from the game, see our full article here. 

How to play Hamster Kombat

To get started playing Hamster Kombat, users will need to do the following:

• 1. Join Telegram

Install the Telegram app and create an account with your phone number and username.

• 2. Locate the official Hamster Kombat bot

Open Telegram and search for the Hamster Kombat bot. It will help you with the setup and introduce you to the game’s basics, featuring an easy-to-use interface for beginners.

How to maximise your profits per hour on Hamster Kombat

Discover how to skyrocket your profits per hour in Hamster Kombat with our comprehensive guide. From strategic upgrades to mastering the daily card combos, learn how to optimise your tapping and passive income strategies to outpace the competition. 

Curious to boost your in-game earnings and climb the leaderboards? Dive into the full article for exclusive tips and tricks.

HMSTR airdrop tips

Dive into the world of Hamster Kombat and discover everything you need to know about its highly anticipated airdrop, now delayed to perfect its launch. As the crypto gaming sphere buzzes with activity, find out how Hamster Kombat is setting the stage with its innovative token strategies and what makes its upcoming HMSTR token so compelling. For full details on how to participate and why this airdrop is creating waves, read the complete article.

Conclusion

Hamster Kombat offers a playful introduction to crypto-themed games through Telegram's mini-app platform. While it's an accessible way to explore digital currency concepts without real financial risk, it's best to focus on enjoying the strategic gameplay rather than speculating on potential airdrops and future gains.

The game's longevity and any future token value will depend on the ongoing development and the team's vision for Hamster Kombat after the planned HMSTR token launch. For now, it's a fun resource management game with a crypto twist, perfect for those curious about blockchain gaming but not ready to invest real money.

In this article, we're covering what transaction fees are, and taking a look at which cryptocurrencies offer the lowest transaction fees.

While long-term traders are unlikely to get affected by transaction fees, short-term traders and people actively using cryptocurrencies are often plagued with excessive fee structures.

This complaint has led to layer 2 solutions, where transactions can most quickly and cost-effectively be executed, as well as new blockchain platforms entirely (as was the case when developers migrated away from Ethereum due to high transaction costs).

What are transaction fees?

Transaction fees are fees paid to the miner of the network to execute the transaction. While some networks differ in how they operate, transaction fees are consistent across the board. Looking at Bitcoin as an example, when a user sends BTC the transaction is entered into a pool of pending transactions known as a mempool. 

The miner will then pick up a batch of transactions and validate them, checking to see whether the original wallet does in fact have the funds to send and if the wallet addresses are valid. Once the transaction is executed, the data relevant to the transaction is added to a block, which is added to the blockchain chronologically. 

As compensation to the miner for their time and electricity, they earn a small crypto transaction fee from each transaction as well as a reward for adding the block, known as a miner's reward. This process also ensures the safety and integrity of the network.

When the networks are very busy, the cost of sending a transaction is increased. Users can then choose to add in a higher crypto transaction fee in order to prioritise their transaction in the mempool. 

Transaction fees for smart contracts are based on how much electricity will be needed to complete the task. Typically, transaction fees on smart contracts are much higher.

Generally, the terms transaction fee and network fee can be used interchangeably. They both refer to the transaction fee necessary by the network for the transaction to get processed.

Exchange fees refer to something else entirely. Exchange fees are fees charged by the exchange in order to conduct the service. Be sure to check before conducting a transaction on an exchange as you might be required to pay a transaction fee (or network fees) as well as exchange fees.

How to pay less for transaction fees

A transaction fee is imperative to your transaction getting executed so it cannot be avoided entirely, however, there are ways to reduce the amount you need to pay.

Transaction fees increase when the network is busy, so sending your transaction while the network is quieter is a great way to reduce the transaction fee. Typically the busier periods are during business hours in the United States. 

Look out for the Lightning Network for Bitcoin and layer-2 scaling solutions for Ethereum as these will provide a cost-effective solution to high transaction costs on those networks.

Which cryptocurrency has the lowest average transaction fee?

Let's take a look at some of the most popular cryptocurrencies and the average transaction fee associated with their platforms. 

XRP - $0.0002 per transaction

Developed by Ripple Labs, XRP is optimised for fast, affordable cross-border payments, with a focus on serving financial institutions and remittance providers. Thanks to its unique architecture, XRP has cemented its status as a key player in the payment processing space.

XRP's minimal costs and 4-second transaction times make it a preferred choice for users and institutions alike. 

Solana (SOL) - $0.00025 per transaction

Solana’s transaction fees cost just fractions of a cent ($0.00025), with complex transactions also coming in incredibly cheap. The network stands out for its lightning-fast transactions, typically wrapping up in about 2.5 seconds. Thanks to its scalable design, Solana can handle many transactions simultaneously, making it a hit for dapps and big blockchain projects.

This efficiency, coupled with its rapid speed, has made Solana a favourite among both developers and users, and a permanent feature in the top 10 biggest cryptocurrencies based on market cap (currently number 5).

Litecoin (LCH) - $0.0025 per transaction

Litecoin stands out as one of the cheapest crypto options out there, costing around $0.0025 per transfer. As an early pioneer in the space, Litecoin was designed with fast, affordable payments in mind, borrowing and refining Bitcoin's underlying technology. Litecoin's speedy 2.5-minute transaction times add to this appeal.

The minimal fees on Litecoin are a huge plus, with its efficiency and speed making Litecoin an attractive choice for those seeking a cost-effective crypto.

Bitcoin Cash (BCH) - $0.01 per transaction

Bitcoin Cash makes it onto the list with an attractive $0.01 average transaction fee. As a Bitcoin offshoot, BCH was engineered for faster, more affordable transfers via larger block sizes. 

The cost-effective fees on Bitcoin Cash have made BCH a viable option for those looking for a low-cost market entry and equally impressive low-cost transaction fees. 

Dogecoin (DOGE) - $0.04 per transaction

Dogecoin, born in 2013 as a playful take on crypto, has surprisingly become a significant player in the crypto space. Despite its lighthearted meme-inspired origins, Dogecoin's enthusiastic community and celebrity endorsements have propelled it into the mainstream. 

Its low $0.04 average transaction fees and fast 1-minute transaction times make it practical for frequent micro-transactions like tipping and donations, blending fun and function.

Trade smart, trade with Tap

Users can trade all the tokens mentioned above with equally low exchange fees directly on the Tap app. Adding to the cost-effective nature of the platform, it also offers heightened security and added convenience. It's time to trade smarter, download the Tap app and get started today. 
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Much like traditional ATMs, Bitcoin ATMs are specialized ATMs that allow users to buy or sell Bitcoin using cash, bank transfers or debit cards. These machines provide a convenient way to exchange traditional currency for cryptocurrency, or vice versa. In this article, we’re doing a deep dive on everything you need to know about using Bitcoin ATMs, including how to find one.  

The benefits of using a Bitcoin ATM

There are a number of reasons one might look to use a Bitcoin ATM instead of an exchange or wallet app. 

• Accessibility & Convenience

Easily buy and sell Bitcoin without complex online processes.
Located in high-traffic areas, easy to access.

• Instant transactions

No waiting for bank transfers or exchange processing.

• No bank account needed

Accessible to unbanked or underbanked individuals.
Provides a reliable option where traditional banking is unavailable.

Security concerns when using a Bitcoin ATM

Bitcoin ATMs offer a quick, accessible way to enter the cryptocurrency market, especially for those seeking more privacy or lacking traditional banking options. However, there are also downsides one should be aware of:

• Fraud and theft risks

ATMs can be targets for criminals. Always be aware of your surroundings and use ATMs in well-lit, public areas. 

• Secure your Bitcoin wallet

Ensure that your Bitcoin wallet is ironclad, using strong passwords with two-factor authentication. Also, ensure that if using an exchange wallet that the platform is reliable and regulated.

• Tips for safe Bitcoin ATM transactions

• Verify all transaction details before confirming
• Don’t share sensitive information with anyone
• Don't accept help from strangers
• Keep your receipt
• Monitor your wallet for discrepancies

By staying alert and following these precautions, you can safely use Bitcoin ATMs while minimizing security risks.

Fees associated with using a Bitcoin ATM

Bitcoin ATM fees typically consist of transaction fees (usually a percentage) and network fees for Bitcoin transfers. These rates can vary significantly between ATMs and operators, so it's best to use online comparison tools to find the best deals. 

To minimize costs, consider using ATMs with lower fees, even if they're less convenient. And note that conducting larger transactions can reduce the impact of flat fees, while alternative methods might be more cost-effective for smaller amounts. 

Keep in mind that Bitcoin ATM fees are generally higher than those on online exchanges, so always check the fee structure before transacting to avoid unexpected costs. 

How to find a Bitcoin ATM near me

Finding a Bitcoin ATM near you is easier than you might think, with various online tools and local resources at your disposal. Whether you prefer using Google, mobile apps, or exploring your local area, there are multiple ways to find a Bitcoin ATM near you.

1. Online directories and maps

• Use websites like Coin ATM Radar or Bitcoin.com ATM Map 

• Enter your location to find nearby ATMs 

• Filter results by buy/sell options and supported cryptocurrencies

2. Mobile apps

• Download apps like Bitcoin ATM Map or CoinATMRadar 

• Enable location services for real-time nearby ATM info 

• Get directions and ATM details on-the-go

3. Local businesses and retail locations

• Check convenience stores, gas stations, and shopping malls 

• Ask cryptocurrency-friendly businesses for recommendations 

• Look for Bitcoin ATM signage in high-traffic areas

Remember to verify the ATM's legitimacy and compare fees before you use one. Not all Bitcoin ATMs are created equal, do your research. 

How to use a Bitcoin ATM for buying/selling crypto

Once you’ve DYOR and found a reliable Bitcoin ATM, using it is straightforward. To buy or sell cryptocurrency, start by selecting your transaction type on the machine's interface. 

You'll typically need to verify your identity by scanning an ID or entering a phone number, depending on the amount you’d like to buy or sell and your local regulations. Next, enter your wallet address or scan its QR code. 

For buying, insert cash and for selling, send Bitcoin to the provided address. Once the transaction is processed, you'll receive a confirmation and receipt. Keep this safe until the Bitcoin has been deposited into your wallet.

As with any crypto transaction, always double-check all details before finalizing your transaction.

An easier alternative: Tap into the future

Why hunt for Bitcoin ATMs when you can have an all in one crypto app in your pocket? The Tap app revolutionizes how you can buy and sell cryptocurrencies. No more searching for ATMs or carrying cash - simply open the app and trade a wide range of digital assets instantly. 

With high-grade security and the freedom to transact anywhere, anytime, Tap offers unparalleled convenience. Enjoy lower fees, a sleek interface, and portfolio management in one secure location (your phone).

Whether you're a crypto novice or a seasoned trader, Tap delivers a seamless experience that traditional ATMs can't match. Ready to upgrade your crypto game? Tap into the future of digital asset trading.

The study of token economics is known as tokenomics. It covers all elements of a cryptocurrency's creation, management, and sometimes removal from a blockchain network. The term "tokenomics" is formed by pairing up the two words "token" and "economics" and is largely used within the crypto ecosystem to project the potential of a cryptocurrency. Tokenomics, simply put, is how token value is determined and what affects its value. 

Tokenomics and cryptocurrencies

Tokenomics and cryptocurrencies are closely connected. Tokenomics refers to the set of rules and principles that govern how cryptocurrencies work. It includes important aspects like how many tokens exist, how they are distributed, and what they can be used for. These rules are crucial for designing and managing cryptocurrencies effectively.

Tokenomics plays a significant role in determining the value of cryptocurrencies. It influences how people perceive and evaluate a cryptocurrency's worth. Factors such as token scarcity (limited supply), the usefulness of tokens in various applications, and the level of demand for them can impact the price and acceptance of a cryptocurrency.

Well-designed tokenomics can foster trust and adoption, and increase the overall value of a digital currency. Conversely, poorly designed tokenomics can hinder adoption and limit the perceived value of a cryptocurrency when traded for fiat currencies or other cryptocurrencies. Therefore, creating a solid and thoughtful tokenomics model is essential for the success and widespread acceptance of cryptocurrencies.

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An example of tokenomics: Bitcoin

Bitcoin operates on a specific set of tokenomics. It has a maximum supply of 21 million coins that will ever enter circulation, ensuring scarcity and value appreciation over time. Ethereum, for example, has an unlimited amount of coins. The issuance of new Bitcoins through mining creates incentives for network security while halving events reduces the rate of new supply.

Additionally, Bitcoin's decentralised nature and widespread adoption contribute to its value, with market demand and utility driving its price in the open market. These tokenomics elements make Bitcoin a deflationary digital asset with a unique economic model within the cryptocurrency ecosystem.

Why is tokenomics important?

Tokenomics is especially important in the crypto space due to the lack of regulation. Since there are no laws governing cryptocurrencies, tokenomics provide an opportunity for cryptocurrencies to be evaluated according to their real-life merit, not just how they are traded on exchanges.

What are the benefits of tokenomics?

Tokenomics offers several benefits within the cryptocurrency ecosystem. Firstly, it establishes clear rules and incentives, ensuring a fair and transparent economic system for participants. Tokenomics can incentivise desirable behaviour, such as staking or contributing to network security, promoting overall network growth and sustainability.

Additionally, tokenomics enables the creation of utility and value for tokens, providing variable economic benefits to holders. It allows for the development of decentralised applications (dapps) and the creation of vibrant ecosystems around cryptocurrencies. Similarly, tokenomics facilitates liquidity and trading opportunities, enabling users to buy, sell, and exchange tokens in various markets.

Overall, tokenomics fosters innovation, incentivizes participation, and contributes to the overall growth and success of the cryptocurrency ecosystem.

What are the negatives of tokenomics?

While tokenomics has numerous advantages, there are some downsides to consider. One downside is the potential for market volatility, as token prices can be subject to rapid fluctuations influenced by various factors, including market speculation and investor sentiment.

Additionally, inadequate or poorly designed tokenomics models may result in economic inefficiencies, lack of token utility, or even vulnerability to manipulation. It's important to note that tokenomics may not guarantee long-term value stability, and investors should carefully assess the risks associated with specific tokens and projects before engaging in the cryptocurrency market.

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The different tokenomics terms explained

Asset valuation

The process of determining the value of a coin or token. This is especially useful for users who want to purchase new coins or tokens. If they can estimate how much a coin or token will be worth in the future, it might be easier to decide whether or not its price is worth tapping into. Coin and token valuation is also important for traders who have made a significant purchase of a coin or token, and want to assess if its price is likely going up or down.

Inflation

In the context of tokenomics, inflation refers to the increase in the token supply over time, resulting in a decrease in the token's purchasing power and value. Inflation can impact the economic stability of a cryptocurrency ecosystem, and its management is crucial to maintain the desired balance between supply, demand, and overall token value.

Deflation

In tokenomics, deflation refers to the decrease in the token supply, leading to a potential increase in the token's purchasing power and value over time. Deflationary tokenomics can promote scarcity, create incentives for holding tokens, and potentially drive price appreciation within the cryptocurrency ecosystem.

Supply and demand elasticity

If a coin has high supply-and-demand elasticity, its price will likely be more affected by changes in demand relative to its supply. This means that if demand for a particular coin rises, the coin will experience more positive price action ($$) than if demand for the same coin fell.

Supply and demand elasticity = (% change in quantity supplied) / (% change in quantity demanded).

Community rewards

When a coin or token has a substantial community surrounding it, it can play a role in contributing to improving the asset’s fundamentals. This is an example of market-based governance that has the potential to lead to a rise in the coin or token's value as it is considered an indicator of trust in the network.

Pump and dump schemes

A pump and dump scheme is a manipulative practice within tokenomics where a group artificially inflates the price of a token through coordinated buying, creating a "pump." This creates a false sense of value and attracts unsuspecting users. Once the price reaches a peak, the group sells off their holdings, causing a rapid price decline, or "dump," leaving other users at a loss. Pump and dump schemes are considered fraudulent and can lead to significant financial losses for those involved.

In conclusion

Tokenomics plays a vital role in the cryptocurrency ecosystem by establishing rules, incentives, and economic principles for cryptocurrencies. It influences the value and acceptance of cryptocurrencies by determining factors such as scarcity, utility, and demand.

Well-designed tokenomics can foster trust, adoption, and increase the overall value of cryptocurrencies. However, it's important to be aware of potential downsides, such as market volatility and poorly designed tokenomics models. Understanding tokenomics helps participants evaluate the real-life merit of cryptocurrencies and make informed decisions.

If you’re new around here, yes, memecoins are a real thing. It might sound facetious, but memecoins have become a significant part of the crypto landscape. Let's dive in and understand what they're all about.

What are memecoins?

A memecoin is a type of cryptocurrency that's inspired by internet memes, jokes, or popular culture references. Unlike more serious cryptocurrencies like Bitcoin or Ethereum, which were created with specific technological goals in mind, memecoins often start as a joke or a light-hearted project with little utility, if any.

The term "meme" refers to an idea, behaviour, or style that spreads quickly within a culture, often through social media. Similarly, memecoins spread through online communities, gaining popularity and sometimes value along the way. Like their more serious counterparts, they can be traded on an exchange and are measured by their market cap.

The birth of memecoins

The concept of memecoins began in 2013 with the creation of Dogecoin. It was inspired by the popular "Doge" meme featuring a Shiba Inu dog. What started as a joke quickly gained a following and, surprisingly to many, actual monetary value. Dogecoin currently has one of the top 10 biggest market caps in the industry. 

Since then, numerous other memecoins have appeared, with names and themes often based on internet culture, celebrities, or even other cryptocurrencies.

How memecoins work

Technically, memecoins work similarly to other cryptocurrencies. They use blockchain technology and can be bought, sold, and traded on various cryptocurrency exchanges. However, there are some key differences that investors should take note of:

• Purpose

While many cryptocurrencies aim to solve real-world problems or improve existing systems, memecoins often lack a serious purpose beyond entertainment and speculation.

• Supply

Memecoins often have a much larger supply than traditional cryptocurrencies. For example, while Bitcoin has a maximum supply of 21 million coins, Dogecoin has no supply limit at all.

• Price

Memecoin prices are typically much lower per unit than mainstream cryptocurrencies, often fractions of a cent.

• Volatility

Memecoins can be extremely volatile, with prices potentially skyrocketing or plummeting based on social media trends, celebrity mentions, or community activities. As is the case with Elon Musk and Dogecoin, a mere mention creating hype and sending the currency price soaring.

The appeal of memecoins

Despite their seemingly frivolous nature, memecoins have gained significant popularity for several reasons. Many people are drawn to the fun factor, enjoying the playful, community-driven aspect of these cryptocurrencies. Their accessibility is another key appeal, the typically low price per coin makes memecoins feel more attainable to newcomers in the crypto space. 

The potential for dramatic gains has also attracted many speculators, as some memecoins have seen explosive price increases, fueling hopes for quick profits. But perhaps most importantly, memecoins often foster strong online communities, giving holders a sense of belonging and shared purpose. This community aspect can create a powerful network effect, further driving interest and engagement in the memecoin ecosystem.

Risks and considerations

While memecoins can be fun and exciting, they come with significant risks:

• High volatility: Prices can change dramatically in short periods, potentially leading to significant losses.
• Lack of fundamentals: Unlike more established cryptocurrencies, memecoins often lack solid technological foundations or real-world use cases.
• Pump and dump schemes: Some people manipulate memecoin prices for personal gain, leaving others with losses.
• Regulatory concerns: As cryptocurrencies face increasing scrutiny, memecoins might be particularly vulnerable to regulatory actions.

The most famous memecoins

While there are many memecoins, a few have gained significant attention:

Dogecoin (DOGE)

The original memecoin, which has gained a large following and celebrity endorsements.

Shiba Inu (SHIB)

Inspired by Dogecoin, it's become one of the most popular memecoins, currently in the top 15 biggest cryptocurrencies. 

Pepe (PEPE)

Based on the popular Pepe the Frog meme, this coin gained rapid attention in 2023 for its explosive growth and cultural resonance. At the time of writing, it was the 3rd biggest memecoin on the market.

Conclusion

Memecoins represent a unique and controversial aspect of the cryptocurrency world. While they can be fun and potentially profitable, they also carry significant risks. If you're considering investing in memecoins, it's crucial to do thorough research, understand the risks, and never invest more than you can afford to lose.

Remember, the cryptocurrency market is already volatile, and memecoins often amplify this volatility. Approach them with caution, and consider them more as a fun experiment rather than a serious investment asset.

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Before you invest in any crypto projects or assets, the golden rule is to always do your own research (DYOR). Hearing about a new coin from your neighbor or cousin's friend on Facebook is great, but it still requires a sizable chunk of your own research. Before you part ways with your money in the crypto space ensure that you've weighed up both the risks and the potential, the responsibility lies with you.

Crypto investing has a track record of being volatile, so the more clued up you are on the crypto assets you invest in, the better. While market data and fundamental analysis are important, be sure to understand the basics of a project and the project's potential.

What is DYOR (do your own research) in the crypto space?

The holy grail of investing in crypto projects, DYOR has become a common abbreviation for do your own research. The phrase is used to remind crypto investors that they should conduct their own research on a crypto project thoroughly before investing any money in it.

Whether you're looking to buy crypto assets, tokens, NFTs, or in any way get involved with a crypto project, be sure to thoroughly investigate the following factors mentioned below when doing your own research. Don't be lured in by a project's fundamental analysis, ensure that you understand everything there is to know about the project. Crypto investing can have devastating consequences for uninformed investors.

The 4 dimensions of how to DYOR on a crypto project

Below we will outline the four main dimensions of conducting your own research on a new cryptocurrency. These four pillars will give crypto traders a solid understanding of what the project represents, how it's been received, and what might happen in the future. Be sure to do this before looking at any technical analysis.

Remember, doing your own research requires reading multiple sources and verifying that the information is correct. When conducting your own research you mind find some disputing information, continue looking until you have the accurate answer.

Team

First and foremost, who is the team running this project? This information is typically presented on the platform's website or in its whitepaper (it's imperative that a project has both of these).

Take a look at the size of the project team, a small team might fall apart if one of the three members leaves while an excessively large team might be a red flag if it is still in its early days.

Check the experience of the leaders on the team. Ideally, you want leaders and executives to have experience in blockchain, Web3, finance, business, computer science, or any other related fields. Also, consider whether their current titles match their experience.

Are the team entirely anonymous? This is considered a red flag as the potential for them to execute an exit run is high. Consider the leaders of the project carefully and decide whether they have the means to steer this ship in the right direction.

Tokenomics

Tokenomics refers to the factors related to the supply and demand of a coin or token. The term merges "token" and "economics" and provides a key area of study for potential investors when establishing a coin's long-term viability. Below are the main aspects of tokenomics:

• Token supply: what is the maximum supply of coins or tokens?
• Token utility: what is the purpose of the coin (does it have governance rights, does it serve a specific function)?
• Market cap: How does the coin's market cap compare to that of its competitors?
• Issuance tactics: does the project intend on conducting token burns or any related activities?
• Minting, allocation, and distribution: how are the coins minted (all at once, gradually), when launched how are the tokens distributed, do a small number of members hold a large amount, are any coins locked up that will be released to the market on a specific date?
• Trading volumes and liquidity: what kind of volumes does this coin trade and how much liquidity does it have?

Innovation

For this pillar of the project, you want to look at what problem this project is solving, and what edge it has over its competitors. It's also worth taking a look at the project's road map and whether it is delivering on its self-set milestones. No roadmap is a red flag, well-managed projects are transparent and eager to release their milestone accomplishments.

Ideally, you want to establish what solution this project is bringing to the greater industry and what competitive advantage this project holds over similar projects. Consider its weaknesses.

If you want to take things one step further, consider what the team might not be telling you, and what elements could work against the growth and success of the project.

Social

This might not seem essential, but social media platforms can offer significant insights into the project's community, achievements, and current state within the crypto space.

When conducting your crypto research check whether the project has active official social media channels, and how often these are updated.

Secondly, how big is their community both in terms of followers and engagement? Are people engaging with the platform or talking about it on their own channels? Community members can shed a big light on how the project has been received.

Lastly, what kind of discussions are being had within the community of these groups? Are people friendly and inviting, or are they blindly promoting the project and pushing "lambo" sentiments? Ideally, you want to have a space where open and honest discussions can be had and constructive criticism accepted.

Toxic communities along with shillers and abandoned channels are all red flags.

The bottom line for DYOR and crypto projects

Establishing these four dimensions of a project is important prior to investing any money. Not only does it give you the opportunity to learn about a new project, but also to become better acquainted with what is happening in the crypto space.

Through the process of conducting your own research, you might discover a viable gem or even gain access to exclusive airdrops as an early supporter. Bear markets are a great time for diving into DYOR explorations.