I can feel the excitement for the spring. I do believe crypto is going to boom once again and I can feel it, because I pay much more attention to what's going on compared to half a year ago. I also look for new projects worth investing in, and I do realize that as I do such research, the team behind a certain project is incredibly important.
As I have been trading on Avalanche, I remember using both Pangolin and Trader Joe a few years ago. But, then slowly Pangolin just died out (to me) and I went all in on Trader Joe as my DEX on the Avalanche blockchain. Since then, Trader Joe and the team has kept on working, and you can now use the same product on other blockchains, for example, Arbitrum (with great success) and at Binance Smart Chain (not so successful there, probably since PancakeSwap is so big and it is harder to break through).
Source: Bing
Recently, the team launched on a new blockchain, and this time it was on Mantle, an Ethereum layer-2 blockchain, much similar to Arbitrum.
The difference is that it is called Merchant Moe on Mantle, but the team is the same, the product is very similar, just with a few new additions when it comes to pools and farming... as the farms are awarded based on votes from the ones who own the native token of the platform MOE. This is interesting.
The price of the token has been moving between $0.15 and $0.5 since its release. It started at $0.25 and then went to $0.5, but is now around $0.15. Now, the question is... should I invest?
And yes, that is when I look at the team and do reasearch. Not only on the Merchant Moe team, but also on the team behind Mantle. Do you know why? If Mantle will become a success, I am quite convinced that Merchant Moe will be the leading DEX on the platform, simply because it is awesome. Long term, this is a success because the team behind Merchant Moe is great, and I have faith in Mantle as a platform.
Now, I am not telling anyone to invest, I am just sharing my thoughts on how I do research and invest in projects of interest (or not invest).