How to choose the best blockchain project?

Perhaps the most worrying question for blockchain traders is about this project? Is it worth buying tokens?

To answer these questions, you must first understand all the stages of blockchain development, and the most understandable information at this stage of development is user access. Using Bitcoin as an example, there are now 38.46 million Bitcoin addresses, with a global population of 7.6 billion last year and only 0.5% access. By 2020, there will be around 70 million related data, and the entry rate is only 0.92%.

In terms of user access to the Internet, 0.92% corresponds to the level of the Internet around 2000. How is the Internet around 2000? The bubble burst and burst as it crossed the spread, and even after the recession the economy continued to improve. This is similar to the blockchain industry now.

But we all know about the future development of the Internet. After the bubble burst and its storage, more and more Internet businesses were booming. Companies like Tencent, Alibaba, Baidu, JD.com, Google, Amazon, and Facebook don't. Create several non-profit groups. , and radically change our lives.

History will not repeat itself, and it cannot be said that the current blockchain was the Internet around 2000 years ago. However, due to the strong momentum brought about by the rise of digital assets represented by Bitcoin, blockchain will grow faster on the internet, but in the process of rapid growth, mud and sand will inevitably fall.

Overall, blockchain development is only in its infancy and those who participate now will greatly benefit from the experience of independence and satisfaction. Fraud is hard to tell the difference, and if you're not careful you can be cheated and take great damage. There should be some warm eyes at this point, and this article describes the best blockchain project from the perspective of token structure, risk risk, investment firms, aid task forces, and communities.

Token model: the spirit of Blockchain projects

Passports with translated English tokens will be familiar to many people in the financial world. The token model is the soul of the project. Is the project worth it? Is it worth it to join? Is it worth it to hold it for a long time? You can see its size in the token pattern.

The token model can be identified based on the underlying state of the token output and distribution, the application, and the environment.

The token release method of blockchain projects is mainly mining, public offering and private space, auction, airdrop, etc. Among them, mining is now the main method of publication, and almost all of the blockchain projects with the highest costs in the industry only require mining. with different mining methods, such as Bitcoin computing power mining, DeFi project contract mining, FIL storage contract mining, etc.

Appropriate and consistent action should be taken to ensure that participants of all types can receive fair tokens and enter and exit. The process of posting many tasks is difficult, some users understand but don't seem to understand, during this time they can see visible data such as miners checked out, number of tokens and counts. This information is not wrong.

With regard to the distribution of the goods, generally the team, the miner, the community, the main investors, the storage of risks, the inducement to work, and the most important topic is the motivation of the miners, the community and other activities. Organizations that hold more than half of their tokens in their hands, do not lock down their operations, or use non-public and transparent funds. Distributing and receiving tokens requires the system to generate real value, such as content creation, storage, and ease of payment. This is not about free, clean, inducing and resonating MLM distribution, but purely to attract users.

In terms of application scenarios and circumstances, if the project party has a clear space for their own project, if the project has specific business needs, if the company has strict needs, if there is a appropriate scenario for the project token tower, etc. . Take ETH and Ethereum as examples, why Ethereum could become the king of the public chain and beyond Bitcoin if its applications and distribution were rich enough, like various paid altcoins, DeFi projects, and Ethereum-based DeFi projects. preserved. because he does. plant, etc

In addition to the above, attention should be paid to the speed of the tokens, the number of addresses in the currency and online exchange, especially online exchange. . The higher the number, the stronger the better. OKEx and Coin Ann and Huobi are all online, so these tokens are at least still reliable.

The above information may be obtained by various means such as official, third party and public, and will be subject to comparison. This requires special training and analysis from the designer, from the team itself. It's also important to note that projects where the white paper indicates how solid their projects are and will see price increases should be invested with caution. A good project doesn't have to focus on finding the right value; a good job before solving real problems. An increase in the value of money is natural.

Legal risk: a veto vote

All countries should take legal and legal issues into account when carrying out a project, which can be rejected by one vote. Blockchain projects are generally new projects, and while innovation often breaks some of the limitations and conventions of the past, that doesn't mean they are able to defy local rules and regulations. . Consumers should be especially careful when choosing quality products. project.

At the start of the project, there were illegal public fundraising activities, pyramid schemes that attracted people while the project was running, and special activities were prohibited by law. No matter how good the draft is or who says it is a foreign law, it should stay away from us if there is any risk or violation of our country's laws.

Business investment: people obey the law

Because venture capital firms are more efficient, invest more, and collect more data than the public, the reliability of plans can be assessed by venture capital firms. Researching and analyzing investment companies before investing will help the average investor to avoid certain risks.

Investment firms conduct extensive research including project cost, business outlook, effort, team structure, etc. Often, working groups also declare their own assets. This is an investment project by an investment company. In what form, how much is invested in this project, etc.

Clients not only get paid, they provide more support, such as professional advice, networking and other services to move the project forward.

Entrepreneurs and venture capitalists can be seen as a community of interest, and since venture capitalists support investors with their own resources, the more successful after investing in a job in a company. deemed investment will be high. For identical investments, that is to say, the risk is lower. Of course, investing comes with the risk of failure, so only the right investments can reduce the loss of blind investments.

Community: The Importance of Blockchain Projects

The community is known as the third generation of blockchain, and the development of the project requires the participation of good users and many users. Decentralization of the blockchain community is a fact, how to get large numbers of users early in the morning and get user experience is very important for the capacity of the project team. Many renowned professional associations and scholarships also create communities of valuable projects.

If the project has good clients and community involvement, the overall performance of the team after project design will not be bad, and it is a worthwhile investment inside.

From a secondary market perspective, the significance of the price increase is that there is a constant flow of new money and new money in the market. Otherwise, A-Maotai province and housing prices in Beijing, Shanghai and Guangzhou will also gradually drop. Therefore, it can be said that the quality of the community and the level of approval are the basis of the project, which determines the height of the building.

For example, in these terms, Dogecoin's visual performance snowballs small amounts of Dogecoin as its founders relied on the power of the global Dogecoin community to make money. global market value.

Teamwork: peace is easy

As the saying goes, no matter how good a job is, it cannot be accomplished without the right people.

Another theme of the blockchain project is time and space, and the team members are the basis for the success of the blockchain project. The quality of a team can be identified by the point of view of the first team that develops the project, the creator of the contextual information, the training, the background and the professional experience of the group.

Placing a team is also very important, for example a team should have a variety of skills such as tech moguls, industry moguls, financial elites etc. to build relationships. Participate to make your project healthy and colorful. .