How to screen projects in the cryptocurrency circle? ? ?

1. Project protocol itself

1. Why does it exist and what problems does it solve?

2. How big is the market size and where is the landing scenario?

3. What are the advantages and weaknesses compared with similar competing products?

4. Is it smooth to participate in on-chain interaction?

5. How is the roadmap of the project executed so far?

6. Daily active user growth

2. Founding team

1. The team's resume and past experience

2. Who are the early investors? Have you received well-known seed investment?

3. Which projects are partners?

3. Financial indicators (survival and pull-up can only be achieved with income)

1. TVL

2. Trading volume

3. Income and profit

4. The composition of capital reserves, do not have too many tokens of your own

5. Are there any incentive plans such as airdrops, competitions, and tasks in the short term?

These can be checked through the dashboards Dune, Token Terminal and DeFiLlama. Remember, you must find a formal one.

Fourth, token economic model (top priority)

1. Token supply: supply, circulation, current market value, fully diluted market value, destruction mechanism

2. Token utility: how is the gas consumption, is there any value accumulation such as staking and voting

3. Token distribution: whether the launch method is pre-mining or fair distribution, distribution ratio, lock-up and release time

Five, risk management

1. How is the audit of the agreement contract?

2. Does the treasury have multiple signatures and sufficient funds?

3. Are there any possible regulatory risks?

Five, risk management

1. How is the audit of the agreement contract?

2. Does the treasury have multiple signatures and sufficient funds?

3. Are there any possible regulatory risks?

Six, hype economics

1. Is there a narrative that sounds awesome?

2. Is there a good brand image and awesome platform people?