Topic: How to identify a good blockchain project? - page 4. (Read 799 times)

Before investing in any project you need to gather data on the infrastructure of the coins/tokens, how strong or big the community is and what are their future plans with the ICO.

Looking it at the partners in community, the quality as well as the website, is a good way to analyze to identify a good project.

If this is not a currency, I think we must ask what will serve the token (vote, traceability, reputation etc.) and if the blockchain has an interest in the project.

I think a good project includes the following conditions:
+ Be widely marketing
+ Get ICO rating pages for high scores
+ The technology behind that project is really potential
+ Whitepaper, roadmap, website must really persuade investors
+ There are many big partners and strong community
........

I also pay attention to these things, in addition I am interested in the number of participants in the bounty company and the amount that the project plans to collect

Luck and intuition. It`s better than any deep analysis.

I would definitely check teams background. I would rather have a shitcoin than having a good project but is a SCAM.

A very important indicator of the prospective IСO project is the working team.
We need to study their previous projects and see how successful they were.
If about the team doesn`t know anything at all, it's better not to participate in it!!!

Team and investors

Website can be designed for only thousands dollars
Whitepaper- many copied from others
Quality of community- hard to define

OP, I read somewhat similar topic in bitcoin discussion earlier but will not be able to find it know.

Let me provide you the gist of that discussion.

1. Whitepaper: What the developer are claiming to solve.
2. Github Code : Need to check the code , by quality of the code you will able to understand the developer's ability and it will give you the fair idea if they are capable of delivering the product or not.

If developer is already established then you can believe in project.

website : Do not rely on it,  an impressive website can be created by spending few bucks only.


A very big "NO". Ratings can be purchased on these expert sites. I found scam ICOs have ratings on these so called sites.

Both are based on payment mostly. So these two parameters might lead you in a wrong direction actually.

Currently, thousands of cryptocurrencies are on the market and dozens of other new ones are created daily. Many of the new cryptocurrencies, which have no use or are simply scams, will quickly disappear. On the new coin i notice these main points -
1. A well-developed website - to have professional content developed.
2. Existing crypto has its blog - it's got enough update.
3. Functional Partnerships - Partnerships certainly make the project more important.
4. Honorable statement - Team members issue frequent interviews and statements about how their project progresses.
Before any investment, make sure you know a lot of information about the project and consider your investment. Never rely on a single source of information.

In addition, always refer to links from Google, always check the information, perhaps someone already knows important information about a particular project. I mean that now is a difficult time, fraudulent companies are many, sometimes it seems to me that there are more than useful companies, to ours, there are people ready to devote time to the analysis on the shelves of companies and their ideas, teams, technical descriptions and everything related to the project.
Always take into account the information about the fact that we should spare no time and check every member of the team on the Internet, preferably if there is an opportunity to talk. Perhaps you will not succeed, but it's worth a try.
Even if you include a small amount in the project, always understand that there is a possibility that you are sponsoring fraudsters, which means that tomorrow they will have a thirst to deceive people again. When I see how crowds of unthinking people put their money in an incomprehensible, useless project, especially when the project is advertised by some famous person (super star or the like) I feel sorry for them. I already wrote this on this forum, but I think it's okay if I repeat "Never pay attention to the fact that the project advertises or takes part in it, a well-known person" does not bring any benefit to such a project in the technical part.

Keep on focus on their Road Map if they delver on time and as per commitment.

I would definitely agree with these five must-have requirements. Familiarize yourself with what a reputable whitepaper looks like, for instance, has it been plagiarized, how fastidious is the attention to detail, are there spelling or grammatical errors? These small clues provide a lot of insight into the type of company they may be. Also thoroughly research developers' backgrounds-is there substance and depth to their resumes or is there an opportunistic chance for a scam artist? Be really careful with new ICO's as the blockchain road has been littered with investors being scammed of their cash.

Very helpful information! Is the response to project announcement in this forum a good indicator? I would assume projects with more positive replies by senior numbers are more trustworthy.

YES I STILL TAKE INTO ACCOUNT WHICH PARTICIPANTS ARE THE FOLLOWING WHAT THEY HAVE ONLINE AND IF THE OFFICIAL MESSAGES ON THE NETWORKS ARE DAILY, THAT ALL I HELP QUALIFY A GOOD PROJECT

Thank you for referring a great book.

Rather than identifying a good project, we also need to identify a bad project.

A project claiming larger than life returns needs to be reviewed twice.

In his book "An Altcoin Trader's Handbook" Nick Patel advises to check:

    1.Coins: the intrinsic properties of coin, such as its block reward, coin supply, premine etc.
    2.Exchanges: which, volume etc.
    3.Block explorers and rich-lists: you will dig into how to spot accumulation and smart-money.
    4.Community: social media presence, marketing, responsiveness and approability, etc
    5.Development: whitepapers, roadmap, websites, wallets, github etc.

For him it is the five pilliars of fundamental analys.