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Topic: How to Analyze the Three Basic Elements of a Blockchain Startup? (Read 155 times)

newbie
Activity: 168
Merit: 0
this is a very huge and tricky place to handle. So if you don't have the proper knowledge and information, you will not able to survive. The basic things will be choosing the appropriate project and timing. These are the most important thing.
member
Activity: 280
Merit: 15
Pool of Stake

This investigation always starts by taking a look at the documentation that every project should provide. Besides painting a clear picture of the business model, they should allow the investor to analyze three core elements that determine the viability of an investment. These are the startup’s plans in regards to marketing, legal, and more importantly, technology. A proper execution of these elements during the ICO process says a lot about a team’s capabilities going forward....[/i]

So wrong. The investigation does not start by reading what they give you, but looking for clear identification and careers of the team members to see if anything else is worth reading.
legendary
Activity: 3248
Merit: 1402
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There already are hundreds of services that seek to provide these evaluations in the blockchain market. It’s not uncommon to resort to investment scoring matrices as a way to save time on doing these analyses. Many of these third-party systems belong to reliable companies such as ICO Box. However, investors should be aware of the methods they employ if they choose to go with the mantra of DYOR, or “Do Your Own Research.”

That is true in case on any investment, but IMO we still luck a nice database of ICOs being reviewed and rated properly. I am talking about analogues of coinmarketcap, but for icos. There are some websites like icobench, of course, but people are saying that review websited might eb getting payed to tell specific things about ICOs. I am sure that in a couple of years there will be this one top website which is trusted more that anything else. It will not mean people can simply invest in any project from the top-10, of course. Reseach will still have to be done, but this kind of site will make the whole process easy. Just imagine talking about the potential of some altcoins without coinmarketcap and tables on top exchanges. We are kind of having the same thing with ICOs for now.
newbie
Activity: 336
Merit: 0
There are many unique strategy to analyze any market and coin or blockchain startup. And if any one decline these that analyze should gone wrong.
newbie
Activity: 47
Merit: 0
Really helpful article for the newbies and all. Blockchain startups can be analyzed through the system discussed in the view of three elements of it. Blockchain startups actually are hard to analyze.
newbie
Activity: 36
Merit: 0
Finding the right place for investment, Clear analyzing the components of investment and benefiting from the best efforts. All these three things are the most important to achieve success in the cryptocrency.
newbie
Activity: 51
Merit: 0
Yes, you are right, the most important thing is to find the right place of investment and we need to work a lot to do so that we can get more profit from this cryptoindustries.
newbie
Activity: 64
Merit: 0
There are some element need to start blockchain. We need a verification, identification , data authentication and also we need 3 basic elements for the startups of blockchain.
newbie
Activity: 109
Merit: 0
India will have bright future with blockchain I hope and it will open many way to improve it's finance and other banking sector.
sr. member
Activity: 1008
Merit: 355


Doing the necessary due diligence can minimize the risks involved in any investment...and this is so true when we are talking about projects in the world of cryptocurrency where sadly scammers have already established a good ground. However, as many newbies found out, this is not an easy task to do no wonder many of us got victimized with projects that just went off after they received the funds or projects that are not performing well because the team behind don't understand their very own project or they are real people in the first place. I am looking for a reliable platform where there is a reliable analysis done and not doing it for the sake of money or because they are sponsored by the project they are reviewing...is there such a site?
newbie
Activity: 35
Merit: 0
From my point of view we must do these analysis on these factors long term vision, team and reviews. So i think it is very important to analyze these things otherwise wrong decisions can be taken.
newbie
Activity: 31
Merit: 0
I think the most important thing is doing own research about blockchain startup. I have seen many people who always try to avoid the research works. They rely on others opinion. But this is really risky.
newbie
Activity: 31
Merit: 0
Yeah people should always check the white paper first. It is really important to know about the project before taking any kind of decisions about participation. DYOR is the best thing for this.
newbie
Activity: 50
Merit: 0
To get success in the cryptoindustry, we need to be careful about many things, but the three things you mentioned are important. All of us should find out our investment place where investing will be risk-free and we can make more profit.
newbie
Activity: 224
Merit: 0
If we think about the current situation we need this badly because we can know what is scams or not based on projects and this will help us to avoid such types of projects.
jr. member
Activity: 56
Merit: 1
This is very useful for the newbies. However, I’m very much familiar with these concepts. These basic knowledge is important if anyone wants to get into the crypto market. it’ll help them to take strategic decision while investing as well as protect them from various frauds and scams.
newbie
Activity: 112
Merit: 0
The new comers face a lot of difficulties in the analyzing of the coins and projects. With this as a guidance, they will be able to do that now.
jr. member
Activity: 196
Merit: 2
Marketing, legal and more importantly, the technology behind the project are key elements to analyze in a blockchain startup. The team behind the project is also an important consideration and as less ambitious and inexperienced team will hardly advance the tech
newbie
Activity: 252
Merit: 0
This is really helpful for us based on this we can find this now the project is scams or not based on this newbie’s always struggle with this so it will helpful for them.
hero member
Activity: 2054
Merit: 528
❤ Bitcoin Garden
Bitcoin Garden: How to Analyze the Three Basic Elements of a Blockchain Startup?
https://bitcoingarden.org/how-to-analyze-the-three-basic-elements-of-a-blockchain-startup/

Most investors are familiar with the term “due diligence.” Before making any decision, they conduct a proper analysis of the business in question and evaluate whether their practices are sound and they can expect to see returns over time. Blockchain startups are no different. The sensible thing to do before participating in any ICO is to go through a similar process, albeit, one adjusted to the conditions of the blockchain market.

There already are hundreds of services that seek to provide these evaluations in the blockchain market. It’s not uncommon to resort to investment scoring matrices as a way to save time on doing these analyses. Many of these third-party systems belong to reliable companies such as ICO Box. However, investors should be aware of the methods they employ if they choose to go with the mantra of DYOR, or “Do Your Own Research.”

This investigation always starts by taking a look at the documentation that every project should provide. Besides painting a clear picture of the business model, they should allow the investor to analyze three core elements that determine the viability of an investment. These are the startup’s plans in regards to marketing, legal, and more importantly, technology. A proper execution of these elements during the ICO process says a lot about a team’s capabilities going forward....
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