Key results

• Chatgpt helps to simplify intricate cryptographic projects, summarizing white documents, explaining cases of employ and spreading tokenomics.

• Team, partnership and security threats are crucial before investing in any cryptographic token.

• Comparison of projects with competitors emphasizes strengths and weaknesses for better decision making.

• CHATGPT may suggest relevant research questions by acting as a guide for beginners and experienced investors.

Investing in cryptocurrency can be exhilarating and overwhelming, especially with thousands of coins and tokens available today. From Bitcoin (BTC) and Ether (ETH) to less known altcoins and memecoins, the market is flooded with possibilities and risk. Appropriate research is necessary before investing money.

Chatgpt can aid there.

In this article, you pass through the way of using chatgPT to research cryptocurrency projects (using various projects as examples), assessing their credibility and making smarter, based on given investment decisions. Regardless of whether you are a beginner or an experienced trader who wants to improve his workflow, ChatGPT can be a powerful research assistant.

Why research is critical in investing in crypto

Unlike established shares supported by reports and regulatory reports, cryptographic assets often do not have normalized financial data. Instead, you need to sift white documents, github repositories, community sentiments and many others. Failure to comply with appropriate tests can lead to investing in exaggerated or even fraudulent projects.

Cryptographic fraud can take many forms, but here are some common examples of illustrating why research is key:

• The rug pulls: They happen when programmers create a modern token, they promote him strongly attracting investors, and then suddenly withdraw all funds, leaving investors worthless tokens. A notorious case was the “Squid game” token in 2021, which increased in the price before the creators disappeared with millions.

• Pump and pride diagrams: The groups artificially overstate the price of the coin by spreading a false noise, only to sell their shares with profit, breaking the price and leaving other losses.

• False projects or plagiarize white documents: Some tokens have white documents copied from legal projects or contain unclear, technical jargon, which obscures the lack of a real product or team.

• Pig butchering: Fraudsters build long -term relationships to gain trust, and then convince victims to intensively invest in false cryptographic projects, ultimately stealing their funds.

• Deepfake fraud: Sophisticated films generated by AI or Audio impersonate the influence of influential or company directors to deceive people to send cryptocurrencies or disclose private keys.

• Cyberquatting: Fraud records the names of domains similar to legal cryptocurrency projects or exchange to mislead users and steal certificates or funds.

• Phishing and fraudulent websites: Fraudsters create websites that imitate popular tokens or exchange to steal private keys and funds.

So before investing in any coin, it is very critical to verify these basic points:

Chatgpt can aid you answer all these questions, faster and more clearly.

Do you know? Fraudsters impersonated coins in phishing attacks, sending false E -maile or text messages that look like official coin notifications. These messages often ask users to click malicious links to “verify” their account or “solve security problems”, deceiving them to disclose login certificates or transfer cryptographic funds. Always carefully check the sender’s e-mail address and gain access to Coinbase via an official website or application to avoid incidence of these frauds.

Step by step: using chatgpt to study cryptographic projects

Here’s how to effectively employ chatgPT when examining coins before investing:

1. Start with the summary of the project

Operate chatgpt to generate a high level of any coin. This helps quickly understand the goal and goals of the project.

Examples of prompt:

“Explain what Bitcoin Hyper (Hyper) does in simple categories.”

As observed, chatgpt can break down a intricate technical language and aid understand the basic idea, even if you are not a blockchain programmer.

2. Get a division of white work

White documents are the basic documents that present the Project Crypto Project technology and road map. They can be technical and dense.

Chatgpt can scan or summarize white documents (if you paste them) and provide a clear version of what is most critical, saving time while maintaining clarity.

Examples of prompt:

“Summarize the main white book points.”

3. Check the employ of the market and matching the market

Many coins promise innovation, but do they solve the problem with the real world? To find out, you can ask ChatgPT for aid in assessing the utility of the coin.

Examples of prompt:

“What problem does the chain solve and who uses it?”

This gives the context how the project fits the wider ecosystem.

4. Rate the team and partners

A reliable founding team and robust partnerships often signal the potential of ID and implementation.

Examples of prompt:

“Who founded Blockchain Avalanche and what is their origin?”

5. Rate tokenomics

Tokenomics refers to the method of structuring the supply, incentives and distribution of the coin. Impoverished tokenomics often leads to inflation, carpets or price accidents.

Examples of prompt:

“Explain Hedera coin tokenomics (HBAR). What is complete delivery and how is it separated?”

6. Check the fears of compliance and security

Safety and regulatory issues can derail even the most promising cryptographic projects. You can ask chatgpt for risk factors.

Examples of prompt:

“Did Tether USDT (USDT) encounter any regulatory problems?”

7. Compare with competitors

Understanding how the coin compares itself to others in its category (DEFI, layer 1, NFTS, oracle, etc.) helps identify strengths or weaknesses.

Examples of prompt:

“Compare Sui and Sei Blockchains in terms of scalability and interoperability.”

You can even ask for advantages and disadvantages in the table format to facilitate the analysis.

Do you know?Chatgpt has been trained in a massive set of data with various text from books, websites and articles, enabling him to generate conscious answers on many topics.

Additional tip: ask chatgpt what you should ask about

If you are modern in Crypto, you may not know which questions they ask. Try it:

Examples of prompt:

“I am thinking about investing in a new cryptographic token. What key things should I examine or watch out for?”

ChatgPT can give you a control list covering the basics, techniques, sentiments and safety, ideal for building your own research framework.

Do you know? CHATGPT architecture It is based on the transformer model, which uses self -improvement mechanisms to understand the context in the text, enabling it to generate coherent and conscious contextual answers.

What chatgpt cannot (yet)

Although Chatgpt is a powerful research assistant, it is critical to know its limitations:

• Lack of real -time data, unless integrated with tools such as internet browsing or API interfaces.

• No investment advice or guaranteed forecasts.

• It can generate archaic or incorrect information (always verify facts).

Regardless of whether you invest a miniature amount, such as USD 10 or a significant sum, such as USD 10,000, conducting exact and careful research remains the best risk defense. Fortunately, AI tools, such as chatgpt, now facilitate the collection of information, organizing information and asking the right questions.

It is critical to employ chatgPT to supplement the research process, not as a representation of critical thinking and due diligence.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.