# How to dyor a crypto project

By [khoanguyen.eth](https://paragraph.com/@khoanguyen) · 2021-12-06

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

Team vs its competitors:
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*   Team and employee
    
*   Patents and unique ideas
    
*   Does it have a foundation organization?
    
*   Backers, Investors, Partnership
    
*   Legal?
    

Tokenomics and initial distribution
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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

![](https://storage.googleapis.com/papyrus_images/13505ed6156ba8fdae64ffc55b8b979bce557e9180a798f03e1f62bc6570ab74.png)

Image from @MessariCrypto

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

Decentralized score
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![](https://storage.googleapis.com/papyrus_images/d86d5df4075bb8e39633f980286ab6cf44c99c9c571c9e87197a66c8d929f510.png)

Use this diagram from [VitalikButerin](https://vitalik.ca/) 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
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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
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*   Transaction count
    
*   Transaction value
    
*   Active addresses
    
*   Fee paid
    
*   Hash rate and the amount staked/locked glassnode, coinmarketcap, and [http://dapp.com](http://dapp.com/) are the top apps for on-chain analysis
    

Continuous Development
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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?

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*Originally published on [khoanguyen.eth](https://paragraph.com/@khoanguyen/how-to-dyor-a-crypto-project)*