The white paper is of great importance in the study of blockchain ecological projects.
In the past three months, some has read nearly 300 white papers in three months. and that has passed 90% of his friends in actions
Of course, more importantly, he has the ability to analyze projects deeply, and to learn to read the white paper is to develop the ability to independently judge the value of a project.
Scale -- market positioning
Whether or not it is a blockchain project, market positioning is paramount.
The size of the market is determined by a project to address which pain points, why they are born, whether they provide effective value, and where they are going to work.
As a newfish in the white paper, also should develop the investor's psychology to be careful analysis the project propaganda will solve the pain point whether really is the pain point, not the itch point.
How big is the user base?
Small or big?
All of this directly decides the size of the project market.
Value -- product logic and technology
This is one of the things that I think is the general view of the founder of oracle, which is to argue that whether this really needs to be done in a decentralized way, if it is necessary, is it possible to use decentralized networks to address the pain points, and that means open your ledger, does this project open really change the efficiency by doing this?
The starting point of the logic of these products is that if the need for decentralized necessity is established, the product " existence point " stands.
Level - the stage of the project
This directly affects valuation and risk level.
For example,A project is in the idea stage and has not yet been put into practice, the value must be low that day, and if A project is already on the ground, and with some practical progress, the series A will surely be much higher than the valuation of the angel round.
There's nothing wrong with this, because the angels have a lot of risk and uncertainty, so the returns are higher, A round is less risky, and of course the natural rate of return is A little bit worse.
Packaging -- media
A lot of projects are very focused on marketing, not only have a lot of telegraph groups, WeChat groups, but also published articles in well-known financial magazines to promote their projects, such as fortune magazines, newfish who feels that they have an authoritative financial media endorsement, the project should be particularly reliable, well actually these are all paid articles, and they are not responsible for their own content, so it's just an article that needs to be judged on your own.
Sincerity -- the distribution of tokens
So one of the things to look at is whether you leave 51% of your money to the community, because after all we're talking about the blockchain project, its core decentralized spirit determines that the project ultimately belongs to you, the community, the project team is just a part of the community service, and if a project doesn't even do that, then the decentralized values are in question.
The second is that the founding team is locked in a period of lock-ins, which is similar to the stock market, where the founding team decides whether they have confidence in the project, and the sincerity that accompanies them in the long run, not the shot cum.
Most important thing is
-- The founding team
I'm sure you've heard a lot of investors think that the team is on the right side of the game, and that shows the importance of the team, and the most important of them is the CEO, and then the CTO ( CTO ) and product manager are the second most important, and third, the management level of the founding team is very important, and when the company reaches a certain level, the management level can even determine the success or failure of the product.
Good projects, publicity and PR ( PR ) are not that much, they are more focused on product, technology and market, cautious, low-key and careful.(like cardano i like.)