🧪 How do you find the new #100x GEM?

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🧪 How do you find the new #100x GEM? Conduct DeFi token research easily with the research library I have created; @Blooomlabs 🧵 Thread. (Mad instructions)

1. Finding the hidden token. You start by heading over to "🐳 Whales & Smart Money" section. -- In this section, I have already added many high-IQ trader wallet addresses I have found through several strategies. You go over to the bookmarked link and scan them.

High IQ traders are hard to find; I find them for you or teach you how to do so with Blooomlabs. Using DeBankDeFi we can then see what the High IQ traders are doing. - One token is interesting. A trader has allocated over 56% of his portfolio to it.

We found a potential token; now it's time to validate it. Name: @vestafinance Ticker: $VSTA Ecosystem: @arbitrum

Fast information overview. You go to the exclusive @Blooomlabs telegram chat: And using the @definedfi bot, you easily get a lot of information before even doing a google search about the token.

What interests me is this info: ✦ Latest price action: Negative. (This means I'm not late if the token is good). ✦ Current market cap: $3,5m (very low!) ✦ Liquidity: $7.7k ( 🚨 very low)

✦ Volume: $483 (very low). Either it's very early or there is no trading at all. This can be a good or bad sign. Back to Vesta finance. What do they do? ⬇️

Vesta Website: They are creating a stablecoin for the Arbitrum ecosystem through collateral lending vaults. Immediately a project comes to mind, #MakerDAO. -- The biggest DeFi application on Ethereum with the most popular decentralized stablecoin $DAI.

This makes $VSTA more interesting. Their website shows me that TVL is $21.47m This means 6X the current market cap!

Using the embedded Tradingview, I can see the recent price action of $VSTA and volume.

I then head over to @GeckoTerminal, which I have embedded into @blooomlabs platform. I see the price, individual pools and more information!

Now, we head over to Bubblemaps (outside of blooomlabs). Here we see good and bad things. Vesta Finance team owns 71.4% of the entire token supply in their treasury. However, Vesta finance has active user over at Balancer.

Centralized supply distribution. We also know the circulating supply of $VSTA is under 10% of the total supply. These factors together immediately make me reconsider buying $VSTA...

However, let's head over to Dune using the Token Dawg Mode🐶 by @0xYakitori. (Free tool) This and many other tools are listed over at "Top Dune Dashboards".

Here we see: There are 33k total wallets of $VSTA Today there were: 1056 new wallets

We also see growth over time. Overall healthy statistics.

In general @vestafinance is an interesting token. The above research was conducted with @blooomlabs and other external resources. An instruction on how to find and evaluate a token.

Rumour has it @defi_mochi holds $VSTA twitter.com/defi_mochi/status/1630237874452049920?s=20

This thread is not financial advice, but rather how you can use the tool to get a complete overview of the token in question. In this case: $VSTA

Using the DeFi research library @blooomlabs; - You found a token amongst a list of Smart Money traders - Evaluated the potential catalyst token - Cross-checked potential together with other sources Now, I added this token to the list of "🔥 Upcoming Tokens"

DeFi research can be done for free, but it's sometimes a hassle and takes a lot of time. That is why I advise @Blooomlabs for effectiveness and simplicity! Recent overview thread: twitter.com/CryptoBlooom/status/1630887491052904448

If you want to try it out, I have a special deal for the readers of this thread. Get 30% off using the code: “Thread” (Some geeks took advantage of the already 20% choosing the 3-month plan and got 3-month access for $32) All the Alpha for 50% off blooomlabs.gumroad.com/l/tzwk