How to determine the quality of an NFT project? Ten tests are useful.

"How do you determine if an NFT project can be eliminated?" "

This is a question that arises in all major NFT communities.

Some people spend a lot of money on studies to find answers, but the data and test models can provide advice. The rapid growth of the NFT industry itself is the reason for the completion of the NFT project at present, and the outlook for the former will change after six months.

As you answer the questions below, consider whether you can answer "yes" or "maybe". Notice if the answer to the question is "no". You may need to pay extra for this project to make sure the answer changes from "no" to "yes". Otherwise, you better find a new project.

the art of the project

Let's answer most of the questions first. Everyone has their eyes, but we can see some changes in the aesthetic of the project due to the popularity of orangutans and pixel art in recent months, and the doodles that many people have been falling in love with recently.

Ask yourself. This image:

Does this grab your attention? You will want to use it as an avatar every day or put it in your wallet and you will have joy every time you open it.

Is it different? Although it appears in a small image, it can be clearly seen from the other side.

Is the difference clear? It is a design made to highlight the differences in content. When the concepts are similar, it is difficult to tell the two apart.

special? A special project is created by completely different people. Every writing NFT is different. In general, people prefer specialized NFTs that can appeal to different types of clients.

Is it creation? Generative art is also unique, but the specialization comes from design. Generative art has mixed characteristics based on the design of primitives. These characteristics vary from rare to common and often vary. That way you won't see a lot of things like NFTs. In this essay, each NFT has things in common and participates in only one course.

always? It's very close to the lengths of "track" mentioned later (red, pixel, etc.) but it can be a double-edged sword. Love is usually fleeting, so items that have been available for a while will look like the yellow flowers of tomorrow. Maybe pixel style art will lose business soon.

community

This is one of the most important factors that determines the success of the project. Community culture can affect the success or failure of a project, and there are many examples. Most communities these days use Discord for day-to-day communication and sometimes rely on Twitter to communicate. Community events are like a special club, so it looks like you're joining a show or meeting a family favorite.

Ask yourself the following questions from the community:

Are you active? You can communicate and communicate seamlessly across major platforms. New developments and small communities may not be as strong at the start of construction or when they are fully operational, but large communities are stronger.

Is it true? Real, meaningful conversation is very rare on Discord. Some jobs are competitive and key members continue to send spam messages only to improve their rankings and sign up for free. This can be frustrating for some people.

Have you put your heart in? The weather community is very productive. These winds can increase the tone and energy of the conversation. No matter how cool, calm, noisy you are, brother, whatever the mood, make sure it's something you enjoy and enjoy getting involved in for a long time.

Are you participating? You can also check to see if there are any employees or adults who want to see the relationship, ready to answer questions like date, price, etc., and if the group is keeping their promises on time. Time.

Is your goal established? You want to make sure that the goal of the project is consistent with each part of the project. We also want the target project to be able to outperform the part itself.

Do you have more than 5000 followers on Twitter? Twitter provides a great platform for NFTs. The more fans you have, the more interesting you become. The number of fans for a new project may be limited, but is it steadily increasing?

Do you have over 5,000 members on Discord? Discord servers are useful for facilitating discussion of a project and allowing members of the community to discuss topics of interest. Smaller servers can seem quiet as members are scattered around the world, making real-time communication difficult. We look forward to providing you with the latest news and information. New projects may have fewer Discord members, but are they growing steadily?

Is it big enough? You want to get involved in the wider community by selling your collection. Ideally, the communities entrepreneurs are looking for should be able to support all members with up to two NFTs. So, for a collection of 10,000 NFTs, the Discord must have at least 5,000 members.

Have you answered questions from members? You can find answers to many of the topics and questions raised in this article by communities and groups. If there is no response, find out why. Some projects hope to hide content from the public in the future. However, if not only is there no answer, but there is no sign that the group will answer the question, that is a bad sign.

team

This is another key to the work in progress. About 30 tasks a day are now being performed, and it is not easy for people to come back into the circle and withdraw money. It is therefore important to have confidence in your team.

Ask yourself. The team:

Is it public? Can you find affiliates on Twitter, LinkedIn, website projects, or other social media? It is certainly reassuring to know that this team is not made up of anonymous people. Because when the going gets really bad, people who want to share their real life often find it difficult to hide.

Are you active? Whether they are involved in community issues, answer questions, get people to answer questions, or communicate with other community members, they are willing to join in and invest time in it. their community and in them.

Do you have the experience? Having previous experience in a new field will be helpful. This is because people with previous experience will clearly know what they are doing, or at least know what to do. In addition, professional engineers, performers, project managers, entrepreneurs, community leaders and other important people can bring a lot of knowledge to the personal project. This knowledge can increase people's confidence in your project to some extent. The more experienced your team members, the more successful your project will be.

card way

The importance of the path to success is increasing day by day. A few months ago, the launches of the NFT project did not need a presentation. Groups just need to throw up a bunch of NFTs, and people can pick them up. But things have changed. The team found that having one level of product (as a general rule) would make it easier to continuously measure NFTs, allowing holders to hold onto their NFTs for longer. Entrepreneurs have changed too and are eager to see the plans no matter how simple. This report can inform investors and insurers about the future direction of the project.

Ask yourself these plans:

Is this true and can you believe it? If something sounds too good, it's true. One medium usually requires a large team of developers, designers, project members, etc. to complete the project. Unless the group is large, the plan will not achieve.

Is it easy or tangible? The detailed report is not only favorable, but also informs those affected by the future project. A roadmap can also help you understand what's important to your community.

Do you have time to prepare? Want to find business information or special times like first quarter, early January or November 27, etc. These dates or appointments provide more detailed information along the way, giving members confidence and reducing confusion and confusion.

Are you a competitor? A summary of the plans will help you compare with other projects, including factors such as project size, pour date, and pour cost. The comparisons will tell you how competitive the project is. If any of these situations are far from the norm, find out why. The community project was probably huge and the cost of casting increased due to the stiff competition in the community.

Did you drive by the key? Many plans are now discussing the cost of the plan to give back to the owner, who will become the model. In this regard, the keyword below “use case” has been particularly developed: investors are looking for new developments that may increase the cost of buying NFTs. There are many ways to describe the freebies that incumbents can earn from their future careers.

how to use

Excessive spending means the group has more resources for NFTs in addition to storage for them. As the field of NFTs grows, we will continue to see innovations using the performance of NFTs. Keep in mind that over time many completed tasks will be upgraded or new users will be opened. When you call this project for the first time, you might not understand this section of information. If you have any complaints about this, you can contact the community and the group.

Ask yourself the following questions:

Is it easy to understand? You want to be able to easily understand the challenges of your project. If your information is inaccurate and inaccurate, your team may want it to be inaccurate. Does this match the mood of their community? If not, further research on the project may be needed to gain more detailed information. No matter how smart your team is at concealing content, it's not uncommon for people to be confused as to how your information is being used.

Is it related to the game? If the holders can use their NFTs to play, their chances of getting hold of them are greater. This is because an understanding of NFT can be developed. Some games also support the Play-to-Earn (P2E) mechanism, allowing players to enjoy in-game gameplay. Some games generate NFT loans and help others participate in NFTs by earning a portion of the game tokens.

Do you provide access? Some apps include access to specialized activities such as important events or two, or access to special communities where you can learn more about other popular activities.

Does it add more value over time? Coin holders can get NFT airdrops in the future. They usually only have to pay the miners to start new NFTs. In terms of sports applications, future airdrops could also bring particular benefits to sports.

Do you have a DAO? The DAO (Decentralized Autonomous Organization) is a decentralized autonomous organization, symbolizing that the owner enjoys a strong representation in the activities of the DAO. He can present legal voting rights, receive project tokens, share project income and benefit from NFT segmentation. It also includes the contribution of DAOs from other creative approaches. Some "gifts" are real and it's best to do your own homework (DYOR).

Is it rarely? Because the plan has been popular, the value of virtual soil slowly grows as separated and sandbox. Axie and nnty league also will leave a similar definition in the game.

Is it a symbol? Having popular NFTs like Crypto Punk or Bored Ape Yacht Club (BYAC) sometimes seems to get the point across. In response to the NFT, it might be called the Medal of Honor.

Do you have any ideas? In BYAC operations, owners may be permitted to use visual aids. They can therefore use these images in advertisements or merchandise.

story

Stories are a way to engage with the community and sometimes to create impact. This can be the basis of the initial team and the project, or it can be the concept of NFT itself. Without an interesting story, people may not be in the project for long.

Ask yourself the story below.

Are you involved in the group? Some work around the group. The team will have extensive experience as well-known NFT artists or circles.

Is the project impacted? It can also be an interesting story about an NFT project, like the founding of a project or that the project is rooted in a particular niche.

Does this have anything to do with NFTs? There can also be some interesting stories around the NFT itself. It could come from graphic art, epics, or creative stories about or about NFTs.

Are you together for your brand? This story is not compatible if you have mixed together for the brand of all activities. You can guess the industry of the business plans and businesses and community conversations.

Are they involved in the financial aid? Some works hope to be returned to charity in one way or another. It will help you if your charity choice fits the story of your project well.

rates and metrics

Generally speaking, making money even for many purposes is amazing which is why we often join the NFT cycle. There are many ways to build a valuable NFT project. Take E as an example to discuss the issue of costs. In the text, E can denote any ecosystem.

Ask yourself what costs need to be decided.

foundry. Understanding the cost of casting before starting a project will help you understand the cost of purchasing one or more NFTs. You can compare the casting cost of this project to another project. If the price is too high, can you get more benefits or usability?

a TVN. Most NFT values ​​are less than 1E, but some are greater than or greater than 1E. Can you pay enough E to buy NFT?

This is the lowest price currently. The parquet is the cheapest NFT in the second store. This is arguably the cheapest way to access Project Xinyi. The low cost floor does not necessarily mean that the project itself is bad, that the project will change as the market changes, or that the paper will not be able to withstand the market.

The transition rate is low. This cost is greater and it will take time to find a suitable project to start. If prices stay low and continue to fall, it usually indicates job failure or poor business performance. The risk increases as the lower value increases or increases. Some people like to buy when there is a slight downturn. You can also see the percentage of conversions in the company today to better understand the success of your project.

Best price. The limit refers to the most expensive NFT in a project and gives you an idea of ​​the potential cost of the entire project.

total volume of transactions. All commercial packaging for the project is posted at http://NFTGO.io. The packaging industry for new jobs is generally small. If the trade volume of a project is still very low after a few months of project launching, it seems that the growth is weak or close to failure.

number of bars. The ratio of bars to NFTs can affect all members of the project. Ideally, your project should have at least 50% owners, which equates to 2 NFT per person, with a minimum owner ratio of 30% (3: 1). As membership rates have increased, the risk of selling large whales (great whales) has decreased and information such as content on larger whales is also available on the file platform http: // NFTGO.io.

modern trading volume. The more business there is per day, the more liquid the project, the more famous and complete it is.

rarely occurs

Rarity is at the heart of NFTs, and some NFTs are designed by renowned artists. Of course, each TVN is unique and everyone can identify its authenticity. The laws of supply and demand and the rules of uncertainty determined that low and high demand DFTs generally attract more buyers and sell for a higher price. Third party platforms such as http://NFTGO.io help users understand the realities of NFTs. These platforms use data from channels and other locations to estimate the scarcity of NFTs when examining their location. Features include NFTs, the packaging industry, and owners.

It's finish

After experiencing the png summer, many people have experienced the png winter. A pile of NFT is piling up in your hands. Some people like it very much and want to keep it for a long time, but some people face the situation of not being able to sell their NFTs.

Assembly of NFT products. Like avatars and works of art, they are often considered extremely mobile. If the owner of this product sees a suitable buyer, he can negotiate at market price. However, in order to get the money as fast as possible, you need to sell it at a discount, which drastically reduces the value of the property. However, if there is an urgent need for a particular product (for example, there is a strong market demand for a particular product), the product may be re-evaluated.

relative liquidity. One is historical data, but a good buyer would consider many other factors, such as performance against other products of the same type, called relative liquidity. The reason is simple: the larger the market, the greater the liquidity. This figure is not in terms of money, but in terms of productivity to prove the mass market of products. However, some of the lesser-known packaging products (like collections of famous artists) can also be considered unique and attractive. The stores float and must be separated interactively.

Like

Popular and completed projects usually follow NFT industry standards, but if the project doesn't fit the current model, is the project just getting started and you're still working on the results? If you've been working on a project for a while and it still isn't up to standard, it could mean your project is failing.

So what do you mean by a good NFT project? Join the community and chat with us!