5 Keys to Choosing the Right Crypto and DeFi project

Learn how to identify amazing Web3 opportunities in this space

Here’s the list of how to quickly spot a Crypto and DeFi project's green flags.

1. Give the whole project a quick scan

Good Web3 teams always have something to contribute to the space. See what technologies are behind their product. This can be easily seen with a tool like builtwith.com, good signs are modern JavaScript frameworks like React, Vue, or Angular, use of IPFS, GraphQL…

2. Study the project’s website from whitepaper to roadmap

The whitepaper and roadmap are fundamental in a project to know what are the objectives of the company in the medium-long term and how they want to be developed.

3. Team Transparency

In Web3, some teams remain anonymous and some are not.

4. Look for security audits

Security audits will help protect critical data, identify security loopholes,
create new security policies and track the effectiveness of security
strategies. Regular audits can help ensure employees stick to security
practices and can catch new vulnerabilities.

5. Know whose the Partners and Investors

There are good bootstrapped projects but typically, if a project is huge enough it probably needs investors. Watch the VCs if they are public, it is vital to know who they are and what other projects they support.

About Tortle Ninja

Tortle Ninja is a no-code decentralized financial tool built to enable retail investors, fintech, and crypto enthusiasts to create combined DeFi strategies.

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Tortle Ninja

A NoCode DeFi framework built on Fantom. Create combined strategies & operate like a pro. https://tortle.ninja