How to identify a good blockchain project?

[blockchain1023]

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?

[1715078330]

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[damrianto]

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]

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

[okaypool]

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

[Potato Chips]

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]

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.

[morkaii]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

Team and investors

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

[zlatazema]

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]

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

[sadk3005]

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

[olgahappy]

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

[macu1111]

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
........

[morkaii]

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.

[Outeriesself]

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.

[Tobt]

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.

[kojoannan]

I identify a good blockchain project by first looking at the whitepaper, if its add something unique to the existing blockchain or just reinventing the wheel. If the ideas sound good and awesome I do a background checks on the team and match their experiences with the task ahead to see if they can fulfil the ideas in the project.

[MoneyCryptor520]

When you want to identify a good blockchain project then you can check their rating position because all great projects have a good rating.

[cryptocrabs2]

Yes like you I also check those information. I also check their contact information as many scam projects don't share their contact information or about themselves.

[Velkro]

Me first, I would check:
1. team background
2. website
3. whitepaper
4. quality of community

What about you?

I identified only one blockchain project worth investing. Its called Bitcoin.
Nothing else is worth investing by me.

[Emeskhalifah]

in my own opinion, after you've checked the potential of the coin,website and whitepaper, you should also check out the impact of the project in your day to day activity. is the project about a paricular product? is it opened to other organization? it is very important you know that blockchain is yet to really get recognized by common people. when I say common, I mean inclusion of people that have less to do with internet.
There must be some level of potentiality in the sense that the project is opened to other projects and are willing to work with other crypto projects.Then most importantly,verify that they are really working on it and not just having printed materials and social media campaign without actually doing anything.

[cryptocamacho4785]

Good blockchain system are always mentioned on the renowned sites, but not all of them though. But for me, when I get to know about such projects, I do a good background check and also check the reviews to see if it's actually worth it.

[Standard Kepler]

1. whitepaper (check if similar ideas & whether the project is feasible to use under blockchain technology_
2. team, partner background and activeness
3. Github

[Abeliancoin]

Just share some approach from me when i considering a new blockchain / ICO project, I will take into consideration to the following points:
1. Team : What's the background of the founder/co-founder, advisors, team members. What the level their experience related to the Blockchain/project.
2. Whitepaper: Is the whitepaper completed and full text? Does it clearly explain the whole project?
3. Project / Token usage: What's the purpose of this project, and how it affects the blockchain ecosystem, what vlaues they can bring to contribute in Blockchain development.
4. ICO Sales scheme: how is the timeline of the ICO sales, is the price fair?

[beddyyy]

I study the ratings of ICO projects.
There are a lot of evaluations of experts about different ICO. Usually, really promising projects have a lot of positive assessments.
Also it is important to pay attention to the road map!

[brooklynian]

Nowadays, a very good number of the ICOs are scam. I read it on someone's post that so far in the year 2018, 80% of ICOs are scam. For me to identify good ICO, I will need to know what the idea is all about in order to see whether it is achievable and also see the evidence that the team is presenting their project in reputable conferences across the world.

[ssteinb86]

Usually, you can spot quality project right away. But then you have to check team's background to make sure it is not a scam, even get in touch with some of them to make sure these people exist. Roadmap is essential because it shows the ability of the team to plan and critically evaluate their abilities. Not sure the ratings are so essential as they can also be corrupted.

[avivsun]

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?

Before understanding how the project is good => Make sure it is not a SCAM


-> Do not get impressed by the Awesome website and community as marketing can get a really you nice show.
-> I think Whitepaper maybe not enough, Why there is no MVP or Beta Verison?

Here is my guide how to identify ICO scam
https://101blockchains.com/how-to-spot-ico-scams/

[nngella]

I also check the background of the bounty managers. 
If the bounty manager is someone that has a high trust rating, then I will jump to grab the opportunity to join the bounty campaign.
The other way around is also applicable, I always tend to avoid bounty campaigns that have bounty managers with negative trusts.

[Labonikhatun]

As you may know, how to identify a good blockchain project and cryptocurrency. Some people already strongly believe in the future of blockchain and additionally cryptocurrency. I'm also one of the people who believe in this technology, but still, it was hard for me to truly acknowledge which project I should follow and which. But I've often the praise of blockchain project, which I truly believe has the potential to create great efficiencies across many industries.

[iloveyoukandy]

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?

I always check a social media activity like reposts/likes

[Srujan007]

Check the team,website ,then read white paper, analyze ,and check if this has any real use case.If you find any real use case think is this required .If you find the answer yes ,then you can go ahead.You may fail but you will get some experience which helps you to forecast good project in future.

[Alfa Rating]

You have to pay attention to the White Paper firstly, and it's good if you have knowledge about how it should be create.   Secondary, check the team and it's technical part and also advisory. Usually such projects have a board of professionalists. If you think these aspects take your free time, you can find good blockchain projects in our site https://alfarating.com/ and have rest

[GraceEmily]

I think you should look at the value of the community that the project brings, the development team and do not forget the reality.

[Velkro]

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?

I wouldn't at all. You can't tell if this project is created by very good computer scientist that they know what they doing and they will deliver or its just pure scam on marketing basis. So big promises, big words  but not any chance to deliver and only works as a scam.

Best is to wait when project is finished, then you can use it and rate it if its true revolution like bitcoin, or just another copy-paste.

[psoo7]

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?

Some red flags for the beginners in the crypto world! Make sure to check these red flags before investing in any ICO.

1.CLAIMS OF HIGH, GUARANTEED RETURNS.
2.CELEBRITY ENDORSEMENTS
3.CLAIMS OF “SEC-COMPLIANT” (guarantees that their coins will trade on an SEC-compliant exchange where you can buy and sell them for profit)
4. INVESTING WITH A CREDIT CARD.
5. PUMP AND DUMP SCAMS.(Tempting you with guaranteed gains with pumps and dumps during pre ico to crowd sale)
6.Team members without any social profile. if they provide be sure to check the genuinity on basis of followers and background.
7.Language( grammar is correct or not)
 
and if you have done these be sure to read the whitepaper!!

[chejibadan]

When choosing a blockchain project, I think the most important thing is the white paper and the quality of the community. This is the most direct way for us to judge whether the project is good or bad!

[kbit9311]

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?

The most important thing is please check whether the project can be created. If it can't be to create in real world totally will fail. As I think
1.Project reality
2.team background/Advisors/Investors
3.whitepaper
4.quality of community
5.website

[Midcrypto]

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?

Very solid qualifiers. I would also add a few things like, size/strength of market the project is intended for and who/what their competition will be.

[priscadavids]

I'd say the whitepaper, their product, their team/advisers, their social media activities like views, page likes/followers.

[JoelHoward666]

I can add a few elements such as looking at the token sale process, the transparency that the project brings. You also need to determine what the success rate of the project is.

[Justian1993]

Manything can be considering in a good project, such as:
- their whitepaper, clear and detail whitepaper.
- their website, having profesional website.
- their vision and mission or roadmap, make sure they have short term target and long term target.
- their team, don't trust an inexperienced team. make sure their have well known reputation and capable doing their project.
- the coin use. If their is no function behind the coin, there really is no need for it. make sure many will be interested about their project later.
- their community, their support and everything behind the frontpage. how dev keep comunicated with their community and being transparent with them.
- their ability to enter in a good exchange list and when they will enter the exchange.
- etc

[Courtney78Green]

To choose a good ICO project we need to find out in depth about that digital coin
For example, you can visit coinmarketcap.com to find out, then you view its website to know about the value of a coin. The project needs to have a clear blockchain, with cold storage as possible.

[Kekyr]

Hi. What do you think about projects on Bountyhunters.io and Bountyhive.ru? How much money I can get from them by social media compaign?

[Mike_Rocks]

So, guys, which are the highest rewards you got from the good blockchain projects?) It is nice to get familiar with the team, but how do you personally predict the growth of the currency?   

[wiwi24680]

A good project may have more controversy since their technology or idea may be more advanced sometimes that need more further explanation to let people to trust. Although judge by time and effort may sometimes be subjective but it is also one of the criteria to let me willing to trust this project

[aywing]

my route is
1. whitepaper
2. roadmap
3. team qualification and effort

[Benjamin353White]

For newbies, what sources should I look for? I want to know if the project is good or not? Where will I start?

[Iykecolyno]

Have seen a lot of projects with higher ratings that eventually failed, top among them is the sincerity of the developer and support from the community, Most developers equally see this as a means to make quick bucks hence they dump once they have hit the jackpot and leave the crumbs for their unsuspecting victims and move to the next

[M7MMike]

Even I want to know how exactly can one do that and it should be interesting.

[cleverboy_engineer]

Nice comments above.

I stalk the whole team of the project  I stalk every member of the team. If they work well I can trust them. Otherwise, if I see them lazy I dont trust the project.

[Moxivuki]

Good blockchain projects are very rare, and finding blockchain projects is also very difficult, but I have some methods here, read the project white papers, and see if there are many followers of the project!

[poTTer666]

There are many projects and it is going to help you understand that well.

[Kekyr]

I think that the main mark of the good project is achived soft cap
or hardcap.

[SoiledDove]

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

I think your advice is very good. Thanks for sharing it. Good projects would have high ratings on expert sites and promising partners. But naturally, not in every case.

[jaryfaaad]

It is pretty complicated topic and i don’t know how one can get a clear answer.

[ShamoKe]

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!

[Pitagora87]

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.

[Andrew1337]

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)

[Velkro]

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

[grey007]

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)

[SoiledDove]

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.

[brooklynian]

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.

[yecats]

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 .

[Determan]

Amount of money that they got during ICO, presale and so on.

[Eleanorbro]

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.

[Xiahouyuan]

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!

[bkrobottc1]

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.

[sheng01]

for me, i wil consider their timeline, if they are always on target and updated, then maybe they are legit and serious

[reddeworld]

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.

[coasterridex]

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.

[kickdapa]

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.

[brooklynian]

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.

[btsjungkook]

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.