It's not easy to find the right opportunities, I think you have to conduct your own due diligence on projects.
You need to consider the technology, the team, go to market strategy, clients, pretty much everything you would do if you were looking to buy shares in a startup.
Then join their community which might be a small local community or an international community but a word of caution around community. Big communities can be fake communities and should be a warning sign. I've seen the most dull projects boasting of 5,000 Facebook and Telegram members and when I've jumped in to see who might be involved in such a niche community I've found a large community with no activity. I personally would prefer a smaller community of real people than a larger community of fake accounts.
I will list one project as a project to watch and for full transparency I am affiliated with it and so as with all things in this space, do your own due diligence.
Catalyst protocol has been pretty much silent about its plans for a token generation event. There are high quality papers published, the code base is highly advanced in development and will be fully open sourcing over the next several months. But there are already third parties working on the core code base including teams working on core code bases for projects such as Ethereum and IPFS through an early birds program. The public Catalyst network will be run by an independent foundation but the core code base has been developed by the London based technology firm Atlas City Global. Atlas City is focused more on the corporate client market with some very big brands everyone will know well working with Atlas City on environmental and sustainability projects.
So pluses for the project include the following:
- A highly skilled team of engineers, researchers and entrepreneurs. The chairman is highly regarded in the city having formed 3 FTSE 100 companies along with senior management from some of the biggest tech companies in the world such as Facebook and some highly regarded asset managers.
- A professionally engineered original code base, highly modular by design, a high level of code coverage and unit tests
- Some impressive PoC's already in the pipeline for the network
- Around $5 million raised privately to date to fund the project over the past 18 months so this isn't just a couple of people pushing an idea and white paper.
Now the reason I mention this project is the community is small but growing since the last 18 months has been all engineering and partner building but there are now quickly advancing plans to launch the public network with an IEO or other token event. That means there will be opportunities over the coming weeks to pick up tokens for activities such as contributing to engineering or the community as well as the purchasing of tokens early.
Catalyst project
https://catalystnet.org/Atlas City which will be working on the
http://atlascity.io/A couple of the social media links for the upcoming network.
https://t.me/CatalystNetOrghttps://twitter.com/catalystNetOrg?lang=enBut do your own due diligence, decide what kind of project you want to be a part of, perhaps it's dApps or wallets or environmental projects or payment rails projects. Then see who's in that space, decide which has the best team, technology and plan, pick two or three out and go with them. There's so many projects out there that you can't evaluate them all so I think it's better to narrow into one sector, dive deeper into that sector and then back two or three good horses.
