Evaluating the Legitimacy of a Crypto Project: A Comprehensive Guide

19 min readJul 17, 2024

Learn how to evaluate the legitimacy of a crypto project. This comprehensive guide covers essential aspects like the founding team, mission, vision, whitepaper, funding, and more to help you make informed decisions.

Outline:

Introduction

In the fast-paced world of cryptocurrency, new projects emerge daily, each claiming to offer innovative solutions and substantial returns. However, not all projects are created equal, and the crypto space is filled with risks alongside its potential. As an ambassador, your time is valuable, and it’s essential to ensure it isn’t wasted on a bad project. Proper evaluation is crucial to avoid supporting projects that lack credibility or are outright scams.

Due diligence is vital. It helps identify legitimate projects with strong foundations and avoid those with dubious practices or unrealistic promises. While the process may seem daunting at first, with practice, you’ll quickly become adept at evaluating projects efficiently and accurately.

This guide provides the essential knowledge and tools to assess any crypto project’s legitimacy, ensuring you can make informed decisions and confidently navigate the crypto landscape.

Founding Team and Advisors

Importance of a Credible and Experienced Team

The founding team and advisors are the backbone of any crypto project. Their expertise, track record, and reputation significantly influence the project’s success.

A credible and experienced team brings vision, strategic thinking, and the ability to navigate the complexities of the crypto space, earning the trust of investors and the community.

How to Research the Team’s Background and Track Record

About Us Section on the Website: Start by reviewing the project’s official website, particularly the “About Us” or “Team” section, to get an overview of the team members and advisors.
LinkedIn and Professional Profiles: Look up team members on LinkedIn to check their professional history, previous roles, and endorsements. Seek consistency in their career trajectory and relevant experience in blockchain or related industries.
Previous Projects: Investigate past projects the team members have been involved in. Successful projects or reputable companies on their resumes are positive indicators.
Media Coverage and Interviews: Search for interviews, articles, or media coverage featuring the team. These sources can provide insights into their expertise, vision, and public interactions.
Community Feedback: Engage with the community on forums like Reddit or specialized crypto communities to gather opinions about the team. The community often shares valuable insights and personal experiences.

Red Flags to Watch Out For

While researching, be on the lookout for potential red flags that might indicate problems with the team’s credibility or competence:

Lack of Transparency: If team members use only first names or aliases, or if there’s scant information about their backgrounds, proceed with caution.
Inconsistent Career Paths: Watch for inconsistencies in the team’s professional history. Frequent job changes or involvement in unrelated industries might signal a lack of commitment or expertise.
Previous Failures or Scandals: Be wary of team members who have been involved in failed projects or controversies. A pattern of failed ventures or dubious activities is concerning.
Overemphasis on Advisors: Some projects list a long roster of high-profile advisors to boost credibility. Ensure these advisors are actively contributing, not merely lending their names.

Potential Challenges

Verifying Information: It can be challenging to verify the authenticity of information. Use trusted platforms like LinkedIn, professional networks, and reputable news sources like CoinDesk, CoinTelegraph, and Decrypt to cross-reference details.
Marketing vs. Reality: Teams might have polished marketing materials that paint an overly optimistic picture. Look beyond the marketing to assess actual progress and concrete achievements.

By thoroughly researching the founding team and advisors, you can gain a clearer picture of the project’s potential and make more informed decisions about your involvement. A strong and credible team is often a key indicator of a project’s likelihood of success.

Anonymous Teams

In the world of cryptocurrency, it’s not uncommon to encounter projects with anonymous teams. While anonymity can be a hallmark of decentralization and privacy, it also raises red flags during due diligence. As an ambassador, your reputation is tied to the projects you support, making it crucial to scrutinize anonymous teams carefully.

Anonymous teams can bring innovative ideas, but they also present higher risks. The lack of transparency makes it challenging to verify their credibility, track record, and intentions. This opacity can potentially conceal scams or incompetence. Therefore, when evaluating projects with anonymous teams, focus on the following:

Track Record and Past Projects: Look for evidence of past successful projects, even if team members use pseudonyms. Reputable anonymous developers often have verifiable histories.
Community Trust and Feedback: Gauge the community’s sentiment. A strong, positive community can sometimes vouch for an anonymous team’s credibility.
Transparency in Operations: Assess the project’s transparency in other areas, such as their whitepaper, roadmap, and communication channels. Consistent, clear, and honest communication can mitigate some concerns about anonymity.
Third-Party Audits: Check if the project undergoes regular security audits by reputable third parties. This can provide some level of assurance about the project’s integrity and security.

While supporting projects with anonymous teams involves higher risk, thorough due diligence can help you make more informed decisions and protect your time and reputation as an ambassador.

Project’s Mission and Vision

Understanding the Project’s Long-Term Goals

A project’s mission and vision statements provide crucial insights into its long-term objectives and the problem it aims to solve. The mission statement outlines the project’s purpose and current goals, while the vision statement describes its future aspirations. Understanding these statements helps gauge the project’s direction, values, and commitment.

Key Points to Consider:

Problem and Solution: The mission should clearly define the problem the project aims to solve and its solution. This indicates the project’s focus and relevance.
Unique Value Proposition: Look for a unique approach or technology that sets the project apart from competitors.
Impact: Assess the potential impact on the target audience and broader industry. Significant positive impact suggests higher potential for success.

Assessing the Feasibility and Clarity of the Mission and Vision Statements

Clear, realistic, and achievable goals indicate a well-thought-out project with a higher chance of success.

Clarity:

Specificity: Statements should be specific and easy to understand. Avoid vague or overly broad statements.
Measurable Goals: Look for measurable, time-bound goals, indicating a clear roadmap and milestones.

Feasibility:

Realistic Objectives: Assess if the goals are achievable given current technology, market conditions, and the team’s capabilities. Unrealistic goals are red flags.
Resource Availability: Ensure the project has or can obtain the necessary resources (funding, talent, technology) to achieve its goals.
Roadmap: A detailed roadmap with clear timelines, milestones, and actionable plans enhances confidence in the project’s feasibility.

Examples of Good Mission and Vision Statements:

Mission: “To provide decentralized, secure, and user-friendly digital identity solutions, empowering individuals to control their personal data.”
Vision: “To become the leading global platform for digital identities, fostering trust and privacy in the digital age.”

Examples of Red Flags:

Vague Mission: “To revolutionize the blockchain industry.” (Lacks specificity and a clear problem-solving approach.)
Unrealistic Vision: “To become the only blockchain used by the entire world within two years.” (Highly improbable and overly ambitious.)

By critically assessing a project’s mission and vision statements, you can better determine its potential for long-term success and alignment with your values and goals. Clear, realistic, and impactful statements are strong indicators of a well-conceived and promising project.

Whitepaper Analysis

Importance of a Comprehensive and Transparent Whitepaper

A whitepaper is a foundational document for any crypto project, offering an in-depth overview of the project’s goals, technology, and implementation strategy. It serves as a critical resource for potential investors, partners, and community members to understand the project’s purpose and viability. A comprehensive and transparent whitepaper demonstrates the project’s commitment to transparency and thorough planning.

Key Elements to Look For

Problem Statement: A clear definition of the problem the project aims to solve. This section should explain why the problem is significant and how the project addresses it.
Solution: Detailed explanation of the proposed solution. This includes how the project’s technology or approach effectively tackles the identified problem.
Technical Details: In-depth technical information about the project’s architecture, algorithms, protocols, and other relevant technologies. This section should demonstrate the project’s technical feasibility and innovation.
Roadmap: A timeline of the project’s development stages, including past achievements and future milestones. The roadmap should outline key phases, expected deliverables, and timeframes.
Tokenomics: Information on the token’s utility, distribution plan, supply, and economic model. Understanding how the token integrates into the project’s ecosystem is crucial for assessing its long-term value and sustainability.
Use Cases: Practical applications of the project and how it benefits users. This section should include real-world scenarios and potential markets.
Team and Advisors: Brief bios of the core team and advisors, highlighting their relevant experience and expertise. This section reassures readers about the team’s capability to execute the project.
Legal and Regulatory Considerations: Information on the project’s compliance with relevant laws and regulations. This demonstrates awareness of legal implications and a commitment to operating within legal frameworks.

How to Identify Potential Red Flags in a Whitepaper

Lack of Clarity: Vague or overly complex language that obfuscates key details can be a red flag. A well-written whitepaper should be clear and comprehensible.
Overly Ambitious Claims: Be cautious of grandiose promises without substantiating evidence or realistic plans. Claims of guaranteed returns or unrealistic growth projections are warning signs.
Missing Technical Details: Absence of detailed technical information may indicate a lack of substantive development. Ensure the whitepaper includes sufficient technical depth to back its claims.
Inconsistent or Incomplete Roadmap: A vague or incomplete roadmap can signal poor planning. Look for clear timelines, achievable milestones, and detailed development plans.
Unclear Tokenomics: Ambiguities in the token distribution, utility, or economic model can suggest potential issues with sustainability or fairness. Ensure the tokenomics are transparent and logical.
Lack of Team Information: Missing or incomplete information about the team and advisors can indicate anonymity, which might be a concern for accountability and credibility.
Plagiarism: Copy-pasting sections from other whitepapers or sources without proper attribution is a major red flag. It indicates a lack of originality and integrity.

By thoroughly analyzing the whitepaper, you can assess the project’s depth, transparency, and feasibility. A well-crafted whitepaper with clear, detailed, and realistic information is a positive indicator of a legitimate and promising crypto project.

Funding Information

Types of Funding and Their Implications

Crypto projects can be funded through various mechanisms, each with distinct implications for the project’s development and stakeholder relationships:

Initial Coin Offering (ICO): A method where projects raise capital by issuing and selling their own cryptocurrency tokens. ICOs allow early supporters to purchase tokens at a lower price, hoping they increase in value. However, ICOs can be high-risk due to potential regulatory issues and lack of investor protection.
Venture Capital (VC): Projects may receive funding from venture capital firms, which provide substantial financial support and often bring valuable expertise, connections, and guidance. VC funding typically involves equity stakes, making VCs highly invested in the project’s success.
Initial Exchange Offering (IEO): Similar to an ICO but conducted on a cryptocurrency exchange. IEOs benefit from the exchange’s reputation and user base, adding a layer of credibility and security.
Security Token Offering (STO): Involves issuing tokens that represent ownership in the project or company, subject to securities regulations. STOs provide more regulatory oversight and investor protection but are more complex and costly to execute.
Grants and Partnerships: Some projects receive funding through grants from blockchain foundations or strategic partnerships with established companies. This type of funding can add credibility and resources without diluting ownership.

Transparency in Funding Sources and Allocation

Transparency in funding is crucial for building trust and demonstrating accountability. Key aspects to consider include:

Source Disclosure: Projects should clearly disclose their funding sources, whether from ICOs, VCs, grants, or other means. This transparency helps assess potential conflicts of interest and the project’s financial health.
Use of Funds: A detailed allocation plan should outline how the raised funds will be used. Common categories include development, marketing, legal compliance, operational expenses, and reserves. Transparent allocation ensures that funds are used effectively to achieve project goals.
Regular Reporting: Periodic updates on the financial status, fund usage, and progress towards milestones help maintain investor confidence and demonstrate responsible management.

Importance of Financial Stability for Long-Term Success

Financial stability is a cornerstone for the sustainable growth and success of a crypto project. It ensures that the project can weather market fluctuations, regulatory challenges, and unforeseen expenses. Key reasons why financial stability matters:

Continuous Development: Stable funding allows ongoing development and innovation, essential for staying competitive and meeting roadmap milestones.
Market Confidence: Financially stable projects are more likely to attract and retain investors, partners, and users, fostering a robust ecosystem.
Operational Security: Adequate financial resources ensure that the project can maintain operations, support its team, and handle legal and regulatory requirements.
Crisis Management: Projects with solid financial backing can better manage crises, such as market downturns or technical issues, without compromising their core objectives.

Evaluating a project’s funding information provides insights into its financial health, management practices, and potential for long-term success. Transparency and stability in funding are strong indicators of a well-managed and resilient crypto project.

How to Research Project Funding

Determining whether a crypto project has received funding and understanding the amount raised is crucial for evaluating its financial stability and potential for success. Here’s a short guide on how to conduct this research:

Using CryptoRank.io

Visit CryptoRank.io: Go to the website and use the search bar in the right upper corner to find the specific crypto project you’re interested in.
Project Page: Navigate to the project’s page to find detailed information about its funding history, including amounts raised, funding rounds, and participating investors.

*Funding information for Injective Protocol (Source: CryptoRank.io)*

Researching Investors

Investor Information: On the project’s page, you will find a list of investors who have funded the project. Click on the names of these investors to go to their dedicated pages.
Investor Profiles: Each investor page contains a profile detailing their investment history and portfolio.
Portfolio Review: Examine the investor’s portfolio to see other projects they have invested in. This can provide insights into the credibility and strategic interests of the investor.
Cross-Check: Compare the investment patterns and the success of other projects funded by the same investors to gauge their track record.

*When a project has funding information available on CryptoRank.io, the amount raised is displayed in the table on our website under the “Funding” section. Here’s how to interpret the data and what to do if the information isn’t available:

Understanding the Funding Table

Amount Raised: If the project has disclosed its funding, you will see the total amount raised in the table.
Undisclosed: This indicates that the project has not revealed its funding details. This could be due to several reasons:
Early Stage: Many early-stage crypto projects starting ambassador programs may not have disclosed their funding yet.
Ongoing Funding: The project might still be in the process of raising funds.
Self-Funded: Some projects are self-funded and might not have external funding to report.
Unavailable Data: The funding information might exist but isn’t available on CryptoRank.io.

Conducting Your Own Research

If funding information isn’t available on CryptoRank.io, you can use the following methods to find it:

Project’s Official Website: Check the “About Us” or “Investors” section for funding details.
Social Media: Look for announcements on platforms like X (Use Advanced Search: keyword and the official handle of the projects account), Telegram, and Discord using keywords like “funding”, “raised” and “investment”.
Crypto News Sites: Search for news articles and press releases on reputable sites like CoinDesk, CoinTelegraph, and Decrypt.
Whitepaper and Roadmap: Review the project’s whitepaper and roadmap for any mentions of funding plans or historical funding data.
Blog Posts: Check the project’s official blog for detailed posts about funding achievements and plans.

By following this guide, you can gather comprehensive information about a crypto project’s funding status, which will help you make more informed decisions regarding its financial health and potential for long-term success.

Tokenomics

Understanding Token Distribution and Use Cases

Tokenomics refers to the economic model and distribution of tokens within a crypto project. It is essential to understand how tokens are allocated and their intended use cases to evaluate the project’s potential success and sustainability.

Token Distribution: Review how tokens are distributed among different stakeholders. Key areas to focus on include:

Team and Advisors: Allocation for the project’s team and advisors. High allocations might indicate potential for future sell-offs.
Investors: Tokens reserved for private and public investors. This affects early market dynamics and liquidity.
Community and Ecosystem: Tokens dedicated to community incentives, partnerships, and ecosystem growth.
Reserves and Treasury: Tokens held in reserve for future development and unforeseen expenses.

2. Use Cases: Understand the practical applications of the token within the project’s ecosystem. Common use cases include:

Utility: Tokens used to access services, pay for transactions, or participate in governance.
Staking and Rewards: Tokens used for staking to secure the network or earn rewards.
Incentives: Tokens distributed to incentivize user behavior, such as referrals or contributions to the project.

Evaluating the Sustainability and Economic Model

Assessing the sustainability and economic model of a project’s tokens is crucial for determining long-term viability. Consider the following:

Supply and Inflation: Analyze the total supply of tokens and any mechanisms in place to control inflation. Projects with a fixed supply or deflationary mechanisms (e.g., token burns) can offer more value stability.
Emission Schedule: Review the token release schedule to understand how new tokens enter the market. Gradual release schedules reduce the risk of sudden price drops due to large unlocks.
Demand Drivers: Identify factors that drive demand for the token. Sustainable demand is often tied to real use cases and active participation in the project’s ecosystem.

Analyzing Potential for Market Manipulation or Inflation

It’s important to be aware of factors that could lead to market manipulation or excessive inflation, which can undermine the token’s value:

Whale Concentration: High concentration of tokens held by a few addresses (“whales”) can lead to market manipulation. Look for a healthy distribution to mitigate this risk.
Liquidity: Low liquidity can make the token more susceptible to price manipulation. Projects should have sufficient liquidity to support trading activities.
Transparency: Projects should provide clear and regular updates on token distribution and movements. Lack of transparency can be a red flag.

Tokenomics Not Available Yet

Sometimes, detailed tokenomics information might not be available, especially for early-stage projects. Reasons include:

Development Phase: The project is still in development and has not finalized its tokenomic model.
Strategic Planning: The team may be refining their economic model to ensure sustainability and avoid potential issues.
Regulatory Compliance: The project might be ensuring that their tokenomics comply with regulatory requirements before disclosure.

In such cases, stay updated through the project’s official channels and community updates to gather information as it becomes available. Understanding tokenomics is critical for evaluating the economic viability and potential growth of a crypto project.

Trading and Market Presence

Checking if the Token is Tradable and on Which Exchanges

Before committing to an ambassador program, it’s crucial to determine if the project’s token is tradable and where it can be bought or sold:

Exchanges: Identify the exchanges where the token is listed with website like CoinGecko or CoinMarketCap. Reputable exchanges such as Binance, Coinbase, and Kraken provide more liquidity and security.
Listing Status: Confirm if the token is actively traded or only listed but not available for trading yet. This can affect your ability to liquidate your tokens if needed.

Assessing Price Action, Trading Volume, and Liquidity

Understanding the token’s market dynamics helps you evaluate its stability and potential for growth:

Price Action: Review historical price charts to identify trends, volatility, and overall performance. Consistent growth with moderate volatility is often a positive sign.
Trading Volume: Check the daily trading volume to assess market activity. High trading volume indicates strong interest and liquidity, making it easier to buy or sell tokens without significant price changes.
Liquidity: Ensure there is sufficient liquidity to support trading activities. Low liquidity can lead to large price swings and difficulties in executing trades at desired prices.

Red Flags in Trading Patterns and Market Behavior

Be vigilant for warning signs in the token’s trading patterns that could indicate potential risks:

Pump and Dump: Sudden, significant price spikes followed by sharp declines may indicate pump-and-dump schemes. Avoid tokens with erratic price movements.
Wash Trading: High volumes without corresponding price changes can be a sign of wash trading, where artificial trades inflate the token’s volume to create a false sense of activity.
Whale Movements: Large transactions by a few addresses can impact the token’s price significantly. Monitor whale activities to understand their influence on the market.

Importance for Ambassadors

Especially if the ambassador program compensates ambassadors in the project’s native token, it’s crucial to verify the token’s trading and market presence:

Exchange Availability: Ensure the token is listed on reputable exchanges where you can easily trade your earnings. If the token isn’t traded yet, make sure the TGE (Token Generation Event) is known, so you know when your rewards will become liquid.
Sufficient Liquidity: Adequate liquidity is necessary to avoid difficulties in converting tokens to fiat or other cryptocurrencies without significant losses.
Stable Market Conditions: A stable market with consistent trading volume and price action helps ensure the value of your earned tokens remains predictable and reliable.

By thoroughly evaluating the trading and market presence of a crypto token, you can make informed decisions about participating in an ambassador program and managing the tokens you receive.

Development Activity

Importance of Active and Ongoing Development

Active and ongoing development is a strong indicator of a project’s commitment to growth and improvement. A dynamic development environment suggests that the team is continually working on enhancing the platform, fixing bugs, and implementing new features. This is crucial for the long-term success and relevance of the project in the rapidly evolving crypto landscape.

How to Track Development Progress

GitHub:

Repository Activity: Check the project’s GitHub repositories for the number of commits, pull requests, and issues. Frequent updates and active discussions indicate ongoing development.
Contributors: Review the number of active contributors. A diverse and engaged team of developers is a positive sign.
Branches and Releases: Look at the branches and releases to understand the development cycle and how often new updates are pushed out.
Project Roadmap: Some projects publish their roadmap on GitHub, providing a clear timeline of upcoming features and milestones.

**Github commit history of the last 12 months for PancakeSwap (Source:* *CryptoMiso*)

2. Official Project Channels:

Website and Blog: Check for regular updates on the project’s official website and blog. Development updates, progress reports, and technical articles provide insights into the ongoing work.
Social Media: Follow the project’s social media channels for announcements about new releases, updates, and development achievements.

3. Community Platforms:

Forums and Discussion Boards: Participate in or observe discussions on community platforms like Reddit, Telegram, and Discord. Active engagement and feedback from developers can indicate a healthy development environment.

Indicators of a Healthy Development Environment

Consistent Updates: Regular updates and commits show that the project is actively maintained and improved. Look for a steady stream of development activity rather than sporadic bursts.
Open Source Contributions: A project that encourages open-source contributions is likely to benefit from community-driven improvements and transparency.
Responsive Team: Developers who actively respond to issues, pull requests, and community questions demonstrate a commitment to maintaining and improving the project.
Clear Roadmap: A detailed and achievable roadmap with specific milestones and deadlines reflects a well-organized development process.
Security Patches: Regular updates addressing security vulnerabilities indicate that the team prioritizes the safety and integrity of the project.

By monitoring development activity, you can gauge the project’s progress, commitment, and potential for future success. A vibrant and active development environment is a strong indicator of a healthy and promising crypto project.

Community and Social Presence

Role of Community Engagement in a Project’s Success

Community engagement is a vital component of a crypto project’s success. A strong, active community can drive adoption, provide valuable feedback, and contribute to the project’s development and promotion. Enthusiastic community members often act as ambassadors, spreading awareness and fostering trust in the project. High levels of engagement also indicate a loyal user base that believes in the project’s vision and long-term potential.

Evaluating Social Media Presence and Activity Levels

Social Media Platforms: Review the project’s presence on major social media platforms like Twitter, Reddit, Telegram, and Discord. Active profiles with regular posts, updates, and interactions are positive signs.
Follower Count: While a large number of followers can indicate popularity, it’s important to look beyond numbers. Assess the quality of engagement through comments, retweets, and likes.
Activity Frequency: Check the frequency of posts and updates. Regular communication shows that the team is transparent and engaged with its community.
Official Announcements: Look for official announcements and updates from the team. Timely and informative announcements are crucial for keeping the community informed and engaged.

Analyzing Community Feedback and Sentiment

Discussion Quality: Participate in or observe discussions in community forums and social media groups. Constructive and informed discussions reflect a mature and engaged community.
Sentiment Analysis: Evaluate the overall sentiment of the community. Positive sentiment often indicates confidence in the project, while negative sentiment can highlight potential issues or concerns.
Response to Criticism: Pay attention to how the team handles criticism and negative feedback. Projects that address concerns transparently and constructively are likely to build trust and credibility.
User-Generated Content: Look for user-generated content such as blog posts, videos, and social media mentions. A high volume of organic content suggests active community participation and advocacy.

What to Watch Out For

Fake Followers and Bots: Be cautious of artificially inflated follower counts. Some projects may use bots or purchase followers to appear more popular than they are. Check for genuine engagement rather than just high numbers.
One-Sided Discussions: If community discussions are overly positive without any critical analysis, it might indicate censorship or heavy moderation. A healthy community should have balanced discussions.
Inactive Channels: Inactive or rarely updated social media channels can signal a lack of engagement or even abandonment by the team.
Negative Sentiment: Consistently negative feedback or unresolved issues raised by the community can be red flags. It’s important to understand the reasons behind any discontent and how the project addresses it.

By thoroughly evaluating the community and social presence, you can gain valuable insights into the project’s health, transparency, and overall potential for success. An active, engaged, and positive community is often a strong indicator of a promising crypto project.

Conclusion

When considering becoming an ambassador for a crypto project, evaluating its legitimacy is crucial. Examine the founding team and advisors, the project’s mission and vision, whitepaper details, funding information, tokenomics, trading activity, development progress, and community engagement. Each of these elements provides vital insights into the project’s credibility and potential for success.

As a potential ambassador, conducting thorough research and due diligence is essential. Use tools like CryptoRank.io, review official documents, monitor social media, and engage with the community to gather comprehensive information. This ensures you align yourself with a project that not only offers personal rewards but also has a solid foundation and long-term prospects.

In the dynamic and often unpredictable crypto space, making informed decisions is key to maximizing your impact and benefits as an ambassador. By taking the time to evaluate a project’s legitimacy, you can confidently join a program that supports a vibrant, trustworthy ecosystem, enhancing both your personal growth and the project’s success.

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Disclaimer: The content in this blog post is for informational purposes only and should not be construed as financial advice. Always conduct your research and due diligence before participating in any crypto ambassador program or making any financial decisions. We do not endorse or recommend any specific crypto ambassador program or project listed on our website. Your decision to participate in such programs should be based on your own assessment of the risks and rewards involved. Cryptocurrency values are volatile; exercise caution. We do not guarantee the accuracy of information and are not liable for any losses incurred. Referral links may be present, and we may earn commissions or rewards through their use.