Encryption circle scientific investment research core framework:

1️⃣ **Watch the Narrative**: First check the fundamental positioning of the project, avoiding outdated stories like public chains/metaverses. Use CoinMarketCap to check tags and closely follow market rotation direction.

2️⃣ **Check Investors**: Be wary of projects with excessive funding (20+ institutions) or those that no one is interested in. Prefer projects backed by 2-3 high-quality institutions, with a focus on endorsements from overseas institutions like Coinbase VC/a16z.

3️⃣ **Dynamic Verification**: Projects that disable comments and frequently change names are habitual offenders of scamming. Use Telegram's RickBurBot to check the name change history and choose technical founders willing to interact with the community.

4️⃣ **Analysis Model**: Projects with an annual release rate > 5% and exponential unlocking should be approached with caution. Be wary of the behavior of indiscriminately issuing tokens for hype; genuine projects will meticulously plan the release rhythm.

The current essence of the market is "panning for gold in the shit"; the real opportunity is in the bear market where funds are still favored. Investment research is not a shortcut; it is a systematic approach to reduce the probability of pitfalls. #CoinDesk11月报告Gate战绩来袭