In our recent article on Financial Literacy in Web3, we shared how to research and evaluate projects based on critical metrics. Today, we’re continuing the conversation by exploring platforms to discover projects worth researching. Let’s dive in!

Quick DYOR Checklist

When you come across an interesting project, follow this checklist to evaluate its potential:

• Numbers: Assess market cap, trading volume, user count, transaction volume, and the number of holders.

• Team: Investigate founders, ambassadors, investors, and community engagement on social media.

• Tech: Examine the whitepaper, roadmap, FAQ, GitHub repository, and security audits.

• Fundamentals: Consider the market need for the project, its Web3 competitiveness, potential user base, and their resources.

• Website: Analyze visitor data, geographic trends, user activity, and website metrics.

We’ll revisit this checklist when analyzing a specific project later.

Platforms to Discover TON Staking and Crypto Projects

To explore crypto projects, especially on the TON network, we recommend three reliable sources: DYOR Ninja, CoinGecko, and TON.app.

DYOR Ninja for TON Projects

DYOR.io focuses exclusively on the TON ecosystem and offers detailed insights beyond just prices. It provides:

• Community likes

• Holder count

• Liquidity depth charts

• Trading pairs lists

• Deposit/withdrawal transaction charts

This comprehensive data allows you to make informed decisions about TON staking or other crypto investments.

TON.app for Jetton Listings

TON.app features a variety of tokens (referred to as Jettons in the TON ecosystem). Along with standard metrics like price, volume, and market cap, it includes user reviews to help assess projects.

CoinGecko for TON Projects

CoinGecko’s TON Ecosystem category offers an overview of dozens of coins, including:

• Price changes

• Trading volumes

• Exchanges listing the token

• Links to websites, social media, smart contracts, and blockchain explorers

Analyzing a Project: Ton Ship (SHIP)

To illustrate the DYOR process, let’s analyze Ton Ship (SHIP), a memecoin from the TON ecosystem, using CoinGecko and DYOR Ninja.

Numbers

• SHIP has shown a 39.6% weekly growth and 578% annual growth, with a 24-hour trading volume of $546K.

• The circulating supply is 69 billion tokens, about two-thirds of the maximum supply of 100 billion.

• More than 3,000 holders are verified through Tonviewer, with a healthy token distribution.

On DeDust.io, liquidity is sufficient for investing a few hundred dollars with minimal slippage.

Team

The SHIP team is anonymous, which is typical for meme/gaming projects. The community is active on Telegram, with users discussing price predictions and token drops. SHIP has partnerships with notable projects like DeDust Exchange, Coinvent, Ton Raffles, and TON FISH.

Tech

SHIP’s litepaper emphasizes its memecoin identity. The roadmap is marketing-focused, with plans for NFT launches and the development of a ship-themed game, which is reportedly underway.

Fundamentals

As a memecoin, SHIP relies on hype and trading volume for growth. Its roadmap and liquidity suggest potential, especially if the promised game launches as planned.

Website

According to SimilarWeb, SHIP’s website gets 1.1K monthly visits, primarily from Russia, Japan, and South Korea. A broader geographic user base would be more reassuring.

Conclusion on SHIP

For a new memecoin, SHIP’s metrics are promising:

1,000+ holders

• $500K+ daily trading volume

• Significant recent price growth (45% in a week)

However, the anonymous team and lack of confirmed gaming experience raise concerns. If investing $1,000, it would be wise to allocate no more than $100 to SHIP, given its early-stage nature and dependence on hype.

Building a DYOR Habit

This example shows the thought process behind analyzing a single project. Serious research involves evaluating multiple projects, comparing metrics, and choosing the best opportunities.

Remember, even thorough research doesn’t guarantee profits. Infrastructure projects may underperform, while memecoins might deliver massive returns. Always diversify your portfolio, invest only what you can afford to lose, and practice cautious decision-making.

For further questions or guidance, feel free to join the Tonstakers community. Stay informed, stay safe, and happy staking!