Down below you can find a very useful tool for evaluating blockchain projects.
The main questions to ask yourself in a blockchain project evaluation are:
1️. Problem: We are looking to solve real problems. Here is the place to write down the main pain points of the project.
2. Blockchain: Why create a new token? Which aspects of a blockchain really help with this token (decentralization, shared ledger, immutability, etc.)?
3️. Participants: Who are the participants in the economy? Who holds tokens & why?
4. Incentives: Which is the motivation for joining and continuously participating in this token economy?
5️. Usage of Tokens: How are tokens used within the economy? Do we have tokens to trade? Are they to stake? Are we going to burn them? How can the participants earn them? What are the tokens used for and by whom?
Credit: Jesus H.
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