Solana flips for beginners from A to Z
How to search gems mints?
On Solana, as well as on other blockchains, there are people who are opinion leaders (influencers). It’s no secret that most of them sell posts for money, however, having their subscription (or even a post about the project) on the project is quite an important factor, thanks to which the collection on the mint and secondary (sale on marketplaces) gets an additional hype (many people find infromation about the collection with the help of influencers). Even bought a post from influencers gives the collection a big advantage because of the attraction of attention + decreases the chance of scam collection because it was invested before.
Below I provided the Solana influencers twitters that I follow:
1) https://twitter.com/kingfud
2) https://twitter.com/jpeggler
3) https://twitter.com/atitty_
4)https://twitter.com/icedknife
5) https://twitter.com/rizaar_
6) https://twitter.com/prattynft
7) https://twitter.com/solbuckets
8) https://twitter.com/solanalegend
9) https://twitter.com/gloom_sol
10) https://twitter.com/solplayboy
11) https://twitter.com/solsniperr
12) https://twitter.com/kenpa420
13) https://twitter.com/general_sol
14) https://twitter.com/wagmibeach
15) https://twitter.com/jan1kkk
16) https://twitter.com/mintoftheday
17) https://twitter.com/kurrylicioussol
18) https://twitter.com/jerzynft
19) https://twitter.com/howl33333
20) https://twitter.com/0xjems
21) https://twitter.com/degenswings
22) https://twitter.com/jagoecapital
23) https://twitter.com/sol_chapito
24) https://twitter.com/doppelnfts
25) https://twitter.com/chartfumonkey
26) https://twitter.com/kaelenwere
27) https://twitter.com/earlyishadopter
28) https://twitter.com/badluckzulp
29) https://twitter.com/linkkzyy
30) https://twitter.com/the__solstice
31) https://twitter.com/commenstar
32) https://twitter.com/nftsonsolana
33) https://twitter.com/0xgabriele
34) https://twitter.com/bbpc
35) https://twitter.com/mr_george
36) https://twitter.com/solmintdaily
37) https://twitter.com/0xskellymode
38) https://twitter.com/t_h_nft
They often repost others, they’re worth following, but I’m going to focus on the first two.
What do we do with their tweets? We study their subscriptions. Be sure to monitor the posts, it is desirable to put a notice to yourself to see their posts in the first seconds, because their posts pamyat flor. Optimize tracking influencers can be done by using this site https://tweetdeck.twitter.com/
You should also add these accounts to tracking:
1) https://twitter.com/TheHaQa
2) https://twitter.com/maxchadwickNFT
3) https://twitter.com/ruthlessnft
4) https://twitter.com/_GT27
5) https://twitter.com/monoworm
6) https://twitter.com/TienChaule
These are the top callers on Solana. Callers are the people who give signals to buy certain NFT. See their post (in the first 5 minutes) – go and buy the nft, which they advised.
Other tools for finding future “gems to flip”
1) New listings LMNFT (see their tweets)
2) Magic Eden and Coral CUBE Twitter – their posts also flop, so be sure to put notifications.
I told you about the early search, now I will tell you what to do if you are late
There is an excellent site https://analytics.verytech.io/. It’s worth monitoring there – there are many sections, but you should pay special attention to LIVE MINTS and LIVE TRADES and TRENDING – in most cases you need it for analysis (why this or that collection quickly warmed up or grew so much in floor), but if you have fast hands, if you find a fast-mining collection, go to its Twitter/Discord.
How to researh Solana market?
A review is an analysis of the project, highlighting its positive and negative sides. In order to conduct a review you need to:
1) go to the social networks of the project (Twitter, Discord).
2) Check the availability of Influencers in their subscriptions.
3) Find and study the roadmap – the plans and objectives which are going to be implemented by the project.
How to make Twitter researh?
We went to Twitter, what should we pay attention to?
1) number of followers
2) influencers in subscriptions (check here https://twitterscan.com/view/nft).
3) activity on posts (you can check for scam (bots) on this site https://botometer.osome.iu.edu/. The higher the scale, the higher the activity of bots.
4) mentions of the project in other tweets (if the project is mentioned in one of the tweets mentioned in the previous section (influencers/trading platforms) – this is a very good in the project’s moneybox).
IMPORTANT: many projects tend to gain a number of followers in tweets, so naturalness of followers should be checked this way:
1) go to the section of subscribers and check the reality of people with your eyes.
2) Poke at 10-20 people and study their profiles, then conclude whether they are real or not.
3) look at the number of reactions under the posts.
4) The normal number of reactions is 15-35% of the number of subscribers. More is better.
5) pay attention to those who like/retweet. Visually compare them with subscribers, also go to profiles of 10-20 people and study their reality.
6) study the wall for the presence and number of joint posts with Infla/Marketplace. if they are – rejoice continue our reserch.
How to make Discord analysis?
If the discord is closed, we catch the link and try in every way to enter it. If it’s open, we proceed as follows:
1) go to the server and verify in the section verify. Check the date of discord creation here https://hugo.moe/discord/discord-id-creation-date.html (if too old, it’s bad, because it can be renamed from another collection).
2) see the sections and look for the 4 main (which we need): chat (general) , how to wl, collab proof, announcements).
Now for each section separately:
CHAT: pay attention to:
3) activity (number of messages per minute).
4) the number of unique users in the chat (messages are not written by the same people).
5) the activity of moderators and administrators in the chat, interaction with the community.
Llook announcements in the branch discord, the number of reactions to them, the discussion of announcements in the chat, the reaction to the news in Twitter, mentions of the news in the tweets of partners.
How to get Whitelist?
Whitelist (Whitelist, WL) – a certain role of the participant of the discord server, which allows you to mint NFT first (before most people), as well as at a reduced price.
1) study the difficulty of obtaining WL (lowest level: 3-5 invitations to friends in the discord. Higher level: complex art (both 3D, and motion), a large number of messages in the chat, helping newbies, answering questions on roadmap (project plans)
2) see how many whitelists people have already received and how fast.
The activity in getting whitelists shows people’s interest in the project, and this bodes well for the growth of NFT cost after the mint, as well as a quick mint (which is what we need).
Ideally, the severity of receiving whitelists should be above average or average, and people should actively receive them (the number of whitelists received should grow every day).
Make analysis of collabs
It’s relatively simple.
1) We look at who we already have/expect collaborations with.
2) Exploring the social resources of these projects.
3) Search their resources to confirm the collaboration.
4) Briefly look for mentions of our chosen project in the chat rooms of collaborating projects.
5) View the results of collaboration assumed by our project and presence of joint tweets/mutual mentions.
How to make roadmap analysis?
Roadmap plans and goals that the project plans to implement. The analysis of this part boils down to answering the question “does the average user and specifically me want to have this nft and for what?”
Examples of good uses of nft:
1) Entering it into your own DAO with professional generally recognized industry analysts/whales.
2) Stacking (payouts for holding nft).
Hold – holding nft in your wallet without putting it up for sale.
See also the payback period of nft through steaking (the faster, the better).
3) The presence of your own site at the collection, and the purpose of the site (casino, betting, analytical platform, forum).
4) It is assumed or not assumed payment of royalties (the percentage of creators from the sale of their nft on the secondary market) to the holders of nft, and what % is assumed.
5) Study the previous projects of the creators of our collection. You should pay attention to: the mint price and the current cost of the nft on the secondary market, the graph of the price and its fluctuations (shown in Magic Eden in the Analytics section). Looking for a connection between fluctuations in the secondary market price and announcements of the project. What was realized and what was not.
If our collection passed the initial review, meets the criteria, and you answered the question “do the users and I want to have this NFT?” If anser positively, then you should put as much effort as possible to obtain the whitelist.
Also important factors in the project analysis
1) Compare the number of minted NFT (supply) with the number of discord server participants and their activity.
The more active participants and the less supply NFT = the more successful the collection will be.
2) The number (and presence in principle) of mentions of the collection in telegram channels (pay attention to whether they are advertising or not, as well as the size of these channels)
3) If possible, search for a wallet of the creator of collection, look at the balance on it (the more the better) and analyze the latest arrivals and withdrawals from it. You can do this in the solscan (just type in the search engine).
Mint and post mint behaviour
So, finally, from the pile of scam on solana we have selected the very collection with which we want to make our millions. Now we have two initial options, depending on how long ago we found the collection and how actively we prepared for it.
OPTION 1: in it we strongly believed and stuffed there whitelist, then the advice is this – count what part of supply can warm up whitelist (those who have it) and wait for the last 5-10 minutes mint for whitelist. If whitelist dilute almost everything that was allocated to them, feel free to take their nft and wait for profit.
If a whitelist spent too little and mints sluggishly, then we have two options:
1) take some nfts for the sum, which you don’t mind losing.
2) don’t take a nft and wait for a public, look at it and take it from there if necessary.
THE MORE NFTS FROM THE COLLECTION MINTED BY WHITELISTERS, THE MORE HYPE WILL BE ON THE PUBLIC = A GOOD ASSET ON THE SECONDARY MARKET.
A tip of the trade, how to be more likely to get a nft at a public sale without a bot:
Open 10+ browser tabs, in each of them open the site where the mint will be and plug in a wallet. Arrange the tabs so that we as quickly as possible could press the button mint in each window (divide the screen into 8-20 parts). When the mint time arrives, press the mint button in all windows as quickly as possible, pressing it as many times as possible (ideally until all nfts are minted).
How to behave in the secondary market?
The first 5 minutes after a listing and sold out nft are always the most confusing and unpredictable. My strategy of action is this:
1) If the collection, in my opinion, is good, then I buy nft at the price of a mint or 10-20% higher.
2) If the collection scam and other consumer goods, then sell their NFT in +20-30% (not all, but no more than 1/3 of my inventory)
How to fix (sell your nfts) correctly:
We sell in a “staircase” – this means that we put them in parts with different prices. For example: we have 10 nft – 3 of them we put up at 0.1sol, then 3 of them we put up at 0.2sol and 4 of them we put up at 0.4-0.5sol.
In most cases the “staircase” is a win-win option, because you can lower the price in case of flor falling – it’s a matter of seconds, but selling your nfts too cheap, and then buying them at overpriced price (based on the feeling of missed profit (fomo) and pray for the growth of floor which might not happen – is a risky idea.
Floor – the minimum current selling price of nft, exposed on the marketplace (indicated on the page of the collection on the marketplace in the floor price).
So, it’s time to choose a time for fix. Here’s what you should pay attention to:
1) The number of nfts put up for sale relative to the total snapple. The lower the number, the better. This bodes well for price increases. Usually less than 25% is a good sign and a beacon that you can hold on to a higher price.
2) Activity, i.e. the number of nft purchases per minute. There is a special software for this. Also you can see it in the activity and analytics sections of Magic Eden marketplace.
3) Keep an eye on price chart in analytics section and on wallets of largest holders (they are also listed in analytics section). Just open their wallets and monitor when, what they sell and for how much.
4) Watch the collection’s discord and twitter, catch new announcements and analyze the community’s reaction to them. In the case of sudden announcements of collaborations or other positive movements, I advise you to raise the selling price of your nfts (not all, but stairs).
When to sell NFT?
1) If the current selling price suits you (the most obvious, but very dependent on greed)
2) If everything is good with the collection, then sell the stairs, in equal parts, ending with a price of 10x the mint, but even in such cases, I often leave 1-2 nft on hold for a couple of days. In case the collection shoots up.
I use 2 options for reveal (changing pictures from the same on all nfts to different ones):
1) Sell all nfts for a couple hours/minutes before the reveal – then the flor usually goes up (reduces your risks if you have little nfts)
2) If you have a lot of nfts (5, 10 or more. The more, the better), then the second option would be better for you – wait for the reveal and sell after it, because the nfts with high rarity are more expensive, and the easier ones are cheaper. You need a large number of nfts to level out the effect of randomness and sell your nfts for a good price on average anyway.
In the case of total scam of the collection and the fall of nft price to zero there is a way to get money for it anyway, namely 0.01 SOL.
Useful websites
On this site https://www.sol-incinerator.com/#/ you can “burn your nft (sell the site) and get 0.01sol for it.
Also useful site will be https://claimyoursol.com/WIREIrUxogDqrRGREXTS , where we can get back a part of commissions for actions with our nft to our purse (works only for phantom wallets).
If your entire balance is in nft right now, and you need solana for new flips, you can borrow solana against nft here https://sharky.fi/lend
If you need softs (bot for mint or sniper bot) or some specific nft, you can rent them at this site https://rent.cardinal.so/
The most convenient wallet for flips is Slope, because you can enable auto-approve function on it, which will not appear a window with confirmation of the transaction, so you can quickly buy nft. You can install Slope on your chrome browser by following this link: https://chrome.google.com/webstore/detail/slope-wallet/pocmplpaccanhmnllbbkpgfliimjljgo.