🧪 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