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Author Topic: How to identify a good blockchain project?  (Read 379 times)
blockchain1023
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July 18, 2018, 04:07:19 PM
 #1

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?
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July 18, 2018, 05:19:23 PM
 #2

how to identify a good blockchain project that I have not mastered all how. but I only see from the ads or all sponsorship owned olek bounty. which is good iklanya that is the choice and we must know the ins and outs of the sponsor. that's all I know..

renata.tuncha@ex.ua
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July 18, 2018, 07:42:07 PM
 #3

It is quite a complicated topic, cause among all of the existing projects there are a lot of ones that should not be trusted at all. I am working in this field of investment for a while now, and, sometimes I had a really bad experience with some platforms. However, I have found a really safe one. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. I really like their philosophy! And I think they deserve investing. Moreover, if the one buys their tokens, they will be provided with additional discount and special conditions.
Anyways, you`d better check by yourself and good luck with your and investments Smiley
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July 18, 2018, 10:36:41 PM
 #4

I think that good projects have high ratings on expert sites, and also have promising partners (but not all)

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July 19, 2018, 12:03:41 AM
 #5

You need to check everything that relates on the ICO - verify that all information is true and reasonable.

Also, it's worth checking out the guidelines on how to spot a scam ICO in the internet, it'll help you (Just google it)

Standard Kepler
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July 19, 2018, 04:30:29 AM
 #6

Obviously the project idea is the most important first. In a good whitepaper, it should be presenting their idea with secure evidence which to convince reader about how this blockchain project can bring benefits, indicating the pros and cons to the stated problem, when it is with or without blockchain technology.

It is a important criteria to understand that not all problems or projects are necessary can be done perfectly under blockchain technology, think precise and concise. You may then also check their community build up to see their idea sharing, interaction with potential investors.
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July 19, 2018, 04:59:26 AM
 #7

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.
Infracoins
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July 19, 2018, 05:16:47 AM
 #8

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.

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?
Infracoins
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July 19, 2018, 05:17:53 AM
 #9

Thank you for referring a great book.

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.

ZeusTrade
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July 19, 2018, 05:36:49 AM
 #10

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
othotr
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July 19, 2018, 07:11:16 AM
 #11

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.
JohnnyBobby
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July 19, 2018, 07:29:04 AM
 #12

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.


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.
Tronx
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July 19, 2018, 09:04:23 AM
 #13

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?

Keep on focus on their Road Map if they delver on time and as per commitment.
opg777
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July 19, 2018, 08:26:13 PM
 #14

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.
chulos
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July 19, 2018, 10:03:17 PM
 #15

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.
circlesseeker
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July 19, 2018, 10:19:54 PM
 #16

I think that good projects have high ratings on expert sites, and also have promising partners (but not all)

Both are based on payment mostly. So these two parameters might lead you in a wrong direction actually.
r1s2g3
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July 20, 2018, 04:56:37 AM
 #17

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?

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.

I think that good projects have high ratings on expert sites, and also have promising partners (but not all)

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

boomshakalaka11
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July 20, 2018, 06:00:21 AM
 #18

Team and investors

Website can be designed for only thousands dollars
Whitepaper- many copied from others
Quality of community- hard to define
zlatazema
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July 20, 2018, 07:46:00 AM
 #19

A very important indicator of the prospective ICO 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!!!
nunibanuni
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July 20, 2018, 09:51:50 AM
 #20

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