How to dyor a crypto project

I'm building a crypto fundamental analysis app. Here are some factors to review a crypto project

Team vs its competitors:

  • Team and employee

  • Patents and unique ideas

  • Does it have a foundation organization?

  • Backers, Investors, Partnership

  • Legal?

Tokenomics and initial distribution

If founders hold less than 5%, they won't have enough motivation for a long term (over 5 years) to build a successful chain/coin or token

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Image from @MessariCrypto

Use-case

Just ask yourself this simple question. Is this crypto project solving a major problem?

Decentralized score

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Use this diagram from VitalikButerin to evaluate how honest a project is.

If it has over 50k TPS, let look at other 2 factors: Secure and Decentralized. Maybe the project owner is lying if he says it is truly decentralized chainMan shrugging

Social Score

Check the quantity and quality of its brand on

  • Twitter, Tele, Discord, Reddit

  • Youtube Video

  • Podcast, Clubhouse Does the team actively share what they are doing in an understandable way?

On-chain metrics

  • Transaction count

  • Transaction value

  • Active addresses

  • Fee paid

  • Hash rate and the amount staked/locked glassnode, coinmarketcap, and http://dapp.com are the top apps for on-chain analysis

Continuous Development

Check project's Whitepaper, Road map. Check how the team handles crises. Do they blame other factors/people or do they focus on solving the difficulty? Do they care about investors' money? What did they announce when they miss a deadline?