Now a days every system, is possible to transformed into blockchain technology ecosystem. It's very much possible to design a very good looking website with lot of graphics in it. I have seen there are thousands of boots possible in telegram community.
So if we feel the project is good, we have to get ourselves engaged daily in community discussions. This will keep us updated about project specifically the development part. We also consider at what stage product development is.
If we have technical knowledge GitHub code also can give better idea about project and your analysis can be better.
One of the thing I have observed that if any product is already existing and through a project they are transitioning to blockchain technology, it's most likely genuine project. For example, Bankera.
There are many other factors which can be checked to know if any project is good by or not.
Regulations to cryptocurrency and ICOs is permanent solution to it.
Please provide the app details. Think it will be helpful.
Topic: How to distinguish between good and bad projects - page 3. (Read 16859 times)
It is quite hard because good and bad projects both shows the needed details but we can segregate them if we look into the projects pocket, activities and public appearance in conferences and exhibits. From that we can see the project that have capability to start up the campaign and marketing without relying on the fund collection. In every start-up, advertisement and marketing campaign is very important so having a budget for that is a great advantage towards the success of ICO. And through public appearance, we can set aside the risk of having fake team doing the ICO.
I can tell you this is very hard to find a decent project, as the project is evaluated by many criteria. It happens that the project is very popular, but in the end it turns out to be a scam. So you need to carefully look at the projects in which you invest.
this will help the bounty hunters and investors to find a good ico poroyek and have a real project because most of the ico they failed last year and some were successful but they could not compete in the market.
First thing to do: Look at the team. Check if any of them has experience in the blockchain development. After that, read the whitepaper. Does it sound doable? and finally answer the question: Does it really need a blockchain?
In my opinion first thing or second because it is still important is a place where the project/team is operating, those in Switzerland, Malta etc. are going to have more advantages in future in legal terms.
First thing to do: Look at the team. Check if any of them has experience in the blockchain development. After that, read the whitepaper. Does it sound doable? and finally answer the question: Does it really need a blockchain?
In my opinion first thing or second because it is still important is a place where the project/team is operating, those in Switzerland, Malta etc. are going to have more advantages in future in legal terms.
In such a market, it is difficult to distinguish , especially if this project is associated with ico , such projects are not popular , and it is rather necessary to skip them than invest
At this time around, it is usually very difficult to know a good or bad project, going by my own definition of good project as one that will eventually turn out to good profit after listing and the bad as the reverse. Apart from all the stated researches and procedures, the most important element there is luck. I have seen some seemingly bad projects that eventually turned true and vice versa. But the most important to look into is to check out the community backing and what the community says about it
There are certain factors that you should consider while analyzing a good project from a bad one. They are as follows
The purpose of the project
Whether or not they have a working prototype
The team of the project
The quality of the website
The hype around the project
The token metrics etc
The purpose of the project
Whether or not they have a working prototype
The team of the project
The quality of the website
The hype around the project
The token metrics etc
I just follow my heart because in my opinion it is better to choose a project with my own abilities even though I cannot really distinguish a good project, but I just try what I can do and always do my best to analyze it and only believe in choices myself without being influenced by other people's thoughts.
Nowadays it is very easy to distinguish quickly, when a project has a future or not, and the quickest way is to check your Whitepaper and if they have there listed in a Level 1 Exchange, if it is not, the project is very likely to fall, this I took as teaching a very good project of an anonymous coin, which, everything was excellent, but when they started listing on Exchanges that were Scams or bad, the community asked them to do it in one of Level 1, they They did not do it and the project failed.
For me the key is to list it in an Exchange NIvel 1, according to my experience.
For me the key is to list it in an Exchange NIvel 1, according to my experience.
First thing to do: Look at the team. Check if any of them has experience in the blockchain development. After that, read the whitepaper. Does it sound doable? and finally answer the question: Does it really need a blockchain?
These are some of the basic checks, but still they are quite difficult to implement. How can you chose a project after looking at the team? Nowadays it is very easy to create personal websites and Linkedin profiles, where all the information can be falsified. And even whitepapers can't be trusted. There is a chance that not everything that is given in the whitepaper may be present in the actual project.
There are independent experts who understand every start-up to the smallest detail. You can always rely on their opinion, and most importantly, they practically do not make mistakes.I won't name them for advertising purposes,but you Can easily find them.
There are different ways of differentiating between good and bad projects by different people.
Personally, any project that the team members are inexperienced coupled with the fact that the project does not have a working product , and not in any way contributing to foster blockchain adoption is a a bad projects for me.
Personally, any project that the team members are inexperienced coupled with the fact that the project does not have a working product , and not in any way contributing to foster blockchain adoption is a a bad projects for me.
I would believe only for independent advisers who has not gotten paid for their opinions and analyses.
The best is when you do your own research and make decision based on it. Of course we have to listen
to the experts, just not allow to rely on them.
The best is when you do your own research and make decision based on it. Of course we have to listen
to the experts, just not allow to rely on them.
I think what to say about good projects and bad ones is not entirely correct. There are projects promising and unpromising. For example, I like it when the project has its own unique idea, like for example Sound Money Coin. I consider such projects promising.
One cannot 100% tell which project will do well. I have participated in ICOs that looked very good with high potential to do x2 and above. But when they list, you start seeing the price dump way below token sale price. It is all a risk.
You are right, there are too much blockchain based projects in this industry and literally no more than 200 coins are really worth something today. We need more working solution and not just another project with a well written whitepaper, to finally move on towards the mass adoption of blockchain.
You can always see the diligence of the project team in a good project, an excellent site, a clearly drawn up roadmap following it, and of course softcap.
I think the best way to distinguish good and bad projects from my experience is to pay attention to the process of the project team. See how often or not
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