I like to discussing investing in Crypto. My working background is start-up technology, but healthcare and corporate as a focus. My former Due Diligence (vetting) criteria doesn't work well in this environment.
Here is my updated list of the criteria I have started to build for myself regarding evaluating crypto projects. (I wouldn't have made it this far if not for asking a lot of annoying questions in SteemSpeak and on the Blockchain.)
List for Evaluating Crypto for investment:
- How was the token distributed and what is the inflation model?
- Do they have a management strategy (governance model) that is functional and working? (how do they make decisions)
- Do they have solid security and technology?
- What is their story? What do they say about themselves on their sites, marketing, etc. Is it written by developers for developers and only understood by developers?
- Besides trading do they have a user-case or vision on why that coin needed to be created. (Market Need) Nice if you can make a new coffee pot, but does the market need one?
- Do they have an active Development Team that is funded in some way?
- Do they have easy to read technical sheets or white papers? (Current?)
- Who are the active "Execs" and how did their last project go?
Bitcoin is likely to be the last coin able to take 9 years to make a story.
What's missing and what do you think doesn't matter? How do you determine what projects you want to invest in?
