One of the most popular ways to get profits in the DeFi space is to buy new tokens with high potential. Most of them run the private sales of tokens for early investors. The main goal is to find these token sales early and invest in them.
4 methods how to find potential DeFi gems
In this article, I will cover 4 methods how to find potential DeFi gems.
Monitoring IDO & ICO platforms for token sales
Most of the projects run their tokens sales through specialized IDO or ICO platforms (I have covered differences in this article). You can monitor these launchpads to find new tokens. For ICOs – there are a lot of old and trusted platforms like Coinlist. For IDOs – you can check out our Tokonomo launchpad.
Following Telegram channels
Telegram is one of the most popular apps for token chats. Therefore why there are a lot of Telegram channels that regularly post new tokens, analyze them, and help you find a new DeFi gem.
Monitoring specialized websites with new tokens
With the boom of DeFi sector that resulted in the creation of a lot of new tokens, people started creating specialized websites for new tokens. There are plenty of them available like CoinBazooka, CoinMooner and others. You can just visit this type of website daily to find new DeFi gems.
Searching new tokens on Twitter through hashtags
Twitter is a very popular social media for crypto overall. Every project creates a profile there and uses hashtags like #IDO #ICO #DeFi and others for posts. Even though searching through hashtags might be very hard, that method is definitely worth it.
Even if you think you have found a truly DeFi gem, don’t forget to DYOR. Check out our other article about checking smart contracts and finding DeFi scams.
Hopefully, this article was useful for you and you will be able to find your DeFi gem. 💎