End getting rug pulls on NFTs
Obviously, if Bored Ape Yacht Club (BAYC) introduces a new collection, you would be more confident to buy from them rather than other copy-paste collections.
Azuki is an example. They reached $300m in sales over 30 days from their NFT collection . In March 2022, they decided to sell 20k of Bobu (Azuki #40) tokens which all sold out, too. As a result, getting into their community sooner gives you the chance of getting whitelisted (or receiving announcements on time) if they are about to drop a new collection or token. This provides access to the mint or launch phase where prices of NFTs or tokens are the lowest.
Consequently, following a collection with prior success could result in a less chance of getting rugged and gives you more trust in terms of investment with them when they release a new project.
The Gold Standards:
Having a professional website, detailed whitepaper, audit, realistic roadmap, plans about metaverse, and clear communication
Having Utilities and how big the gap or demand of that NFT is in the market in terms of their utilities
New collection released after previous major success with doxxed founders
In favour supply-demand which could depend on timing (how far the entry is from secondary sales) and market condition (bearish/bullish)
Reasonable tokenomics in terms of vesting, utilities and burning
The longer it takes for a project to announce minting or the collection drop, the less likely it would be a rugpull as scammers are more likely to invest fewer durations
Avoiding free NFT giveaways as sometimes only the first few thousands are free and you could be charged depending on your position on their list
Drawn influencers or a large community to their platforms (beware of bots or fake accounts)
You still could invest in new projects, but take into consideration that the research would take much longer in terms of time to identify whether it is a genuine project or not.
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