Identifying a good blockchain project requires due diligence and a little bit of faith.
PROJECT GOAL;
The more focus, the better; some exceptional teams might be able to tackle very wide goals though.
ICO DETAILS;
If running an ICO or did run one, the details of the event can give you a very good idea of the type of people behind the project. Experience is needed to judge that though, data can be hard to find.
OFFICIAL WEBSITE;
Must be clean & clear
ICO PAGE;
Must be clean & clear
WHITE PAPER;
Must be clean, clear & detailed
Finally,Good blockchain projects are almost always connected to successful cryptocurrencies which always attract new users looking to invest in them.
Topic: How to identify a good blockchain project? (Read 799 times)
I think the best way to look out for a successful blockchain project is by looking for a project based upon a very unique idea. The uniqueness of the project will ensure no competetion for the project.
Team is another important factor you should always consider before investing as a strong teams will always aid in the growth of project.
The marketing team of the project is another important factor you should consider before investing. Popular projects tends to grow quickly in the long run.
Team is another important factor you should always consider before investing as a strong teams will always aid in the growth of project.
The marketing team of the project is another important factor you should consider before investing. Popular projects tends to grow quickly in the long run.
If you want to choose a good blockchain project then you should focus in reading the whitepaper to know what is the purpose of the coin and to know all of the information that a investor should know and after that you should do a background research for the team members of the coin to know if the information are legit or not.
Basically, the current rate of scam will make it difficult for anyone to identify good project. This is because it is no longer by the project white papers. So many good white papers have ended up being a big scam. Just do a thourough check.
Some projects have the working product, if you find that type of projects then you can trust them. I really very disappointed with those whitepaper things. It is not a big deal to write a whitepaper by a good freelancer from freelancing websites. A whitepaper is not the thing to select a project. Team's working timeline, community activity, regular update, and good advisors are the real things to select a good project. Otherwise, I will not support any project.
there's a lot of things the you should check before you consider that it is indeed a good project/ICO. check the white paper, backgrounds and people behind it, also you could try to check their sponsors and how they manage and run their project. at the end of the day, it's still depends on them. i encounter lots of great and high potential projects but then at the end it doesn't work or they actually failed. better check things out before risking something, never test the water with both feet.
Whitepaper for sure because we directly see if it's serious or not with the amount of given information. Concerning the team, I don't see former Blockchain experience as primary criteria. Some people are good even if there are starting in one topic.
for me, i wil consider their timeline, if they are always on target and updated, then maybe they are legit and serious
In my way, the first is team and advisor, they are main factor of project. The next, partner. Big partner will help project so much. Third, do they have MVP or prototype. The last, quality of community. Good project always need good community.
What you have listed are very important options, which are the steps that must be completed when we observe the project, and we also need to observe the Bounty Manager!
The development team is quite important and the transparency of the project. How can investors pour money into the project and trust the project? That is the main problem.
Amount of money that they got during ICO, presale and so on.
As a responsible btt member will always check that way 
we should always check everything about the project Up until now been trying to to check everything before i joining the campaign .
we should always check everything about the project Up until now been trying to to check everything before i joining the campaign .
So many of these projects appear very good on paper but I have realized that many are scams. They are just packaged to attract unsuspecting individuals to invest and that is the end. Apart from doing due diligence, I think it is only luck that can help you select a good project.
I think that good projects have high ratings on expert sites, and also have promising partners (but not all)
When it comes to identifying good blockchain projects, I would go with your idea that high ratings on expert sites are a good way to go. I think everyone has their favorite website or online publication and goes with the projects of which their chosen authority approves. We all have authorities to whom we look to in these matters and we have to trust someone's advice.
It is impossible to say which project is good. there is always a risk.
If you look carefully at the project, you can increase the chances of success. For example check whitepaper.
and study carefully the news about the project.
For start)
If you look carefully at the project, you can increase the chances of success. For example check whitepaper.
and study carefully the news about the project.
For start)
how do you guys identify a good blockchain project or a bad one?
Well its very easy for me personally. Only one blockchain project is verified, is revolutionary and made amazing success. One with biggest computing power securing its existence. Its called Bitcoin. Other "blockchain" projects are just experiments/scams/copy-paste with minor changes. No real value.
But its me, people believe in flat earth after all
I would like check : if the team has previous projects in cryptocurrencies and their success with it.
2. the hardcap that they want to raise ( sometimes is too hard for hit it )
3.Read carefully the essentials of the whitepaper ( the features of that token ; most of them have same features)
2. the hardcap that they want to raise ( sometimes is too hard for hit it )
3.Read carefully the essentials of the whitepaper ( the features of that token ; most of them have same features)
As said in the topic, how do you guys identify a good blockchain project or a bad one? There are so many projects being talked online...So confusing
Me first, I would check:
1. team background
2. website
3. whitepaper
4. quality of community
What about you?
Preety much the same , u should check all of these steps u mentioned , and one important thing is that coin is unique have something which others dont , have purpose and should be useful for community. Me first, I would check:
1. team background
2. website
3. whitepaper
4. quality of community
What about you?
What you said is a key observation point when choosing ICO. I usually do the same check before investing! And I will check if their community is active!
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