As an ordinary investor, missed a good investment project because of lack of time, energy and expertise. It is still difficult to analyze a blockchain project, and the white papers of many projects are different from the general Internet project BP, so most of them rely on the recommendation of some experts. At the same time, there is fear of missing a good project, so my heart is very tangled and contradictory.
So how do we identify a blockchain project worth investing in? Below I will share with you a few very simple ways to identify blockchain projects for your reference.
1. Get investment from a well-known institution
First of all, we must analyze the core value of the project's products, analyze what kind of problems the project must solve, and the status of the cryptocurrency market. Investment institutions have conducted in-depth investigations of projects before investing, such as cubits (QBT) and vcash (XVC). This includes the project's value, career prospects, team technology and other situations. This is equivalent to the investment agencies to help us conduct a screening, well-known investment institutions include IDG, BAT real funds.
Through the screening of investment institutions, it is basically possible to guarantee that 99% of this project is not an air project, thereby reducing the risk of investment.
For our ordinary investors, because of knowledge, professionalism, time and cost, etc., the thoroughness of research on a project is difficult to exceed that of these investment institutions, so our ordinary investors can use investment institutions to identify some of the comparisons. Reliable project.
2. The project has a clear development plan
Careful friends will find that this is not the same logic as we do in the traditional Internet products. The traditional Internet products are fast iterations, continuous trial and error and revision. The blockchain application needs careful testing before release, and it is not easy to put on and release.
Because once the application is on the shelf, it is not the developer's ability to complete the control. There is no grayscale release, no rollback, and the cost of the entire trial and error is very high.
The blockchain is a trust machine that never stops. Any major change at any one time needs to pass the consensus of the community. To know that in a decentralized network, reaching a consensus is very difficult, so we are When judging a project, it is necessary to see whether the project has a clear development plan.