Recently, many readers have raised a lot of questions about Uniswap currency issuance. Today I will share with you some of my analysis and understanding.
1. How did I learn about the new project?
My main method is to learn about new projects through various self-media, but I mainly learn about original projects through overseas websites.
At present, the base camp of original projects in the entire DeFi field is Ethereum, and most of the projects on Ethereum are overseas projects. Therefore, I suggest readers to learn about the latest original projects and check information on overseas websites.
2. How did I research the project?
When I look at a project, I particularly value whether a project is original or not, and I also look at whether the “three views” of the project team are correct.
To judge whether a project is original, it is necessary to understand the existing classic projects sufficiently deep and detailed. Only when you have a certain understanding of these classic projects and then look at the new projects can you see whether the new project is a simple imitation or an innovation on the original basis.
I think these existing classic projects are worthy of careful study: Compound, MakerDAO, Uniswap, Balancer, Curve, YFI, YAM, AMPL, SNX, Aave, UMA.
After studying these projects thoroughly, the innovative gameplay of this round of DeFi is basically clear.
Some readers may find it too difficult to understand so many projects, but this is the hard work that investors must make to improve themselves. If these hard work is not enough, we can always follow others and eat second-hand information that others have eaten. It is not yet possible to judge the authenticity of this information. So hard work is the foundation of improving one’s abilities, and there is no shortcut in this regard.
In addition to whether a project is original is important, the three views of the team are more important to some extent.
My investment projects are held for as long as possible, so I look at the projects to see if they have long-term value. In order for a project to be valuable in the long term, the team must overcome all kinds of difficulties and obstacles and remove one obstacle after another. To do this, the project team must have three views of righteousness. A team with three wrong views may go away by luck, but not by luck.
So what is Sanguanzheng? In my opinion, there are two points: First, is the project party’s approach for the community’s consideration, or whether it is for the long-term development of the project.
The so-called consideration for the community refers to whether the project party has found ways to inspire the community, unite the community and give back to the community. For example, Uniswap rewards all users who have participated in the transaction with a “10,000 yuan red envelope”.
Dare to adopt this method is a huge challenge to the interests and structure of the project party, and not every project party dares to take this step.
Of course, it is possible that other projects will adopt similar approaches in the future, but this is likely to be a forced action under Uniswap’s pressure, not necessarily a heartfelt wish, and even if it does so, its significance and influence are much smaller.
Now there is another type of project claiming to give all the tokens to the community or miners, but after the project goes online, it doesn’t matter. This approach seems very generous to give everything to the community, but the practice of not asking about the project is definitely not a long-term consideration for the project. This approach is more like throwing the community and miners on an uninhabited island. Everyone fends for themselves.
In addition, there are some projects that are very hard on marketing skills. I generally try to avoid such projects as they can gather a lot of popularity in the short term, but they often disappear after the heat. Many investors have seen such examples now.
3. What projects are worth investing now?
During this period, all DeFi-type tokens have experienced considerable declines. Many of the tokens listed above already have long-term investment value. Investors who are really optimistic about this field can choose their optimistic purchase from the above tokens according to their preferences.
My advice to everyone here is that after buying at the current price, don’t just go up a little bit and think about selling to make a profit, but if you go down a little bit and rush to cut the meat to protect the capital. Because I believe that the current round of DeFi market has not finished, and when the short-term sell-off is not yet complete, don’t be disrupted by market fluctuations.
In addition, I would like to remind everyone that if the principal is too small (for example, the principal is only tens of thousands of RMB) users, do not buy DeFi tokens, or stick to Bitcoin and Ethereum; if Bitcoin and Ethereum add up Do not buy DeFi tokens if less than 50% of your investment is because the risk is too high.
