what to look in cryptocurrency project .. ?

in #ico6 years ago (edited)

what to look for in cryptocurrency project .... lets begin how to pick up a cryptocurrency ..
1 what is the project ?

  • is it a real world use
    -does the product solve a problem ..is it needed ..
    2 it must be a working product
    -do they have a clients
    3-whitepaper
    ans 3 .. its is clear concise ?
    -it is original ?
    -are they sticking to there roadmap ?
    4 - website
    -is it well structured and build ?
    -does it explain the project?
    -is it transparent
    -after words we will come to who is behind the project.. this is the big one we must look who is behind the project
    we will look in the team first
    -the amount of team members i mean how many people are there in d team
    -what are there backgrounds?
    -are there identities known?
    after this we will look who is advisor of the project
    -what are the backgrounds of advisor ?
    -can it be relevant to the project ?
    after that we will look into their community
  • like how many people are following the project
    -is the community engaged ..means are the on the forums telegram slack twitter etc...
    -are the forums discussing the project
    after that we will se where does the market stand
    -market cap and supply
    -how many coin/tokens are there in total and circulating?
    -what price are they selling at?
    LIQUIDITY
    -how many coins/tokens have been sold in the past 24 hours(volume)
    -if u make a profit can you sell?
    MARKETS
    -where can u buy the token or coin?
    -how much volume on the market ?for eg binance bittrex etc...
    -what percentage does it sell of total volume ..
    (what is project -assess whether is relevant has ability to solve a known problem and whether it is something we need in this industry
    -who is behind the project
    -a project with a strong and functional team is very good sign . known and large advisors are a massive bonus as well . observe the community behind the project to assess the support for it
    WHERE DOES THE MARKET STAND ?
  • ensure the token /coin is liquid enough for buying and selling and that is on known markets ..make sure u look at marketcap and supply to access potential growth

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