- Team Behind the Project
- Real-world use case
- Strong fundamentals
Team Behind the Project
As we think about the team, either it can be governed by a single entity or by a group of members. For eg., Ethereum is owned by Ethereum foundation — Vitalik Buterin, and Hashgraph — HBAR is owned by an organization.
That way a cryptocurrency should always have a strong team to continuously work on updates that are required for the end consumers. The team itself means not just developers, they are the core of the project but marketing, accounting, and community engagers are even more required for a better cryptocurrency project.
Real-world use case
Having a good team helps us keep the project alive and in good shape. But the project itself should have a Real-World use case such as Singularity Net (AGIX) here they working on creating a decentralized marketplace for AI services and also much more with it.
Like Singularity Net, we can have another example World-Mobile-Token where WMT is working on getting the internet for all, we may think most part of the world has good internet facilities but that's not true. They are connecting the people of Africa to the world of the internet and doing much more. etc..,
Strong fundamentals
Before we speak about fundamentals, let's take these as the key points
- Supply, does it have max supply if yes then how they are launching to the public matters. It's good to buy in the ICO if you trust the project and its use cases.
- Availability (Dex, exchanges, etc.,)
- Security, such as projects built on which programming language, what algorithms used to secure the protocol, etc.,
- Speed, How efficient the blockchain is matters, such as speed of transaction verification, block producing - minting (NFT’s)
