1) ⚠️ FA CLASSES PART 5 ⚠️
As part of our weekly FA classes, we'll start with the 5th step of researching a cryptocurrency:
''Analysing the partnerships of a crypto project''
Case-study and homework provided down below 🧵 👇
➡️ You will have 2 days to participate ⏰
As part of our weekly FA classes, we'll start with the 5th step of researching a cryptocurrency:
''Analysing the partnerships of a crypto project''
Case-study and homework provided down below 🧵 👇
➡️ You will have 2 days to participate ⏰
2) ⭐ Case-study
After browsing crypto twitter or scouting the internet in general we've crossed paths with #Vechain.
After reviewing the initial steps of our "FA analysis" and being convinced on the concept, team and tokenomics we move on to phase 5:
Partnerships
After browsing crypto twitter or scouting the internet in general we've crossed paths with #Vechain.
After reviewing the initial steps of our "FA analysis" and being convinced on the concept, team and tokenomics we move on to phase 5:
Partnerships
3) Like usual we try our luck at the official website first.
Don't know the official page? Visit their Twitter account and you'll usually find a website link.
Coingecko their database is also a strong alternative or Google.
⏩ Browse the website for partners next.
Don't know the official page? Visit their Twitter account and you'll usually find a website link.
Coingecko their database is also a strong alternative or Google.
⏩ Browse the website for partners next.
4) Big names like BMW and Walmart are listed on the official page.
Is it actually true though? Always remember a scammers job is to be as convincing as possible.
The internet is a free world and no one's stopping you from "partnering with anyone.
Is it actually true though? Always remember a scammers job is to be as convincing as possible.
The internet is a free world and no one's stopping you from "partnering with anyone.
5) Always verify the information is true on the other side.
The easiest way to double check is to Google both names and see if you can find a few articles from reputable websites.
If the partnership is real you'll find plenty of articles all over the web.
The easiest way to double check is to Google both names and see if you can find a few articles from reputable websites.
If the partnership is real you'll find plenty of articles all over the web.
6) $VET pretty much checked all our boxes.
It's as credible as they come.
⏩ Keep in mind not having any partnerships isn't a deal breaker.
Nor do they need to be as big as BMW or Walmart.
Especially brand new startups will struggle with this.
It's as credible as they come.
⏩ Keep in mind not having any partnerships isn't a deal breaker.
Nor do they need to be as big as BMW or Walmart.
Especially brand new startups will struggle with this.
7) It's all about added credibility here.
Finding a project that has an all-star team, great tokenomics and an undervalued valuation can sometimes be enough.
But if you are not convinced on 1 of them a few notable partners can tip the scales in their favor.
Finding a project that has an all-star team, great tokenomics and an undervalued valuation can sometimes be enough.
But if you are not convinced on 1 of them a few notable partners can tip the scales in their favor.
8) A strong "FA analysis" is all about finding as much favorable metrics as possible.
As a final note:
Crypto firms like coinbase or Binance or other big companies also count as really strong partnerships.
They also have their own research team and won't partner with anyone.
As a final note:
Crypto firms like coinbase or Binance or other big companies also count as really strong partnerships.
They also have their own research team and won't partner with anyone.
9) ⭐ Homework
Feeling confident? Now it's YOUR turn.
This time we'll do it a little bit different.
⏩ Show me a crypto project you are convinced on only through their partnerships alone.
Comment below👇
Feeling confident? Now it's YOUR turn.
This time we'll do it a little bit different.
⏩ Show me a crypto project you are convinced on only through their partnerships alone.
Comment below👇
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