create account

How To Identify A Good Crypto Project - Part 02 by syedumair

View this thread on: hive.blogpeakd.comecency.com
· @syedumair ·
$12.25
How To Identify A Good Crypto Project - Part 02
I am very happy that a lot of people found my previous post very useful and I got plenty of comments on that post. I highlighted some steps that will help you to choose a good crypto project to invest in and I was overwhelmed by the response, so I thought of adding a few more factors that will be handy in this case. 

Kindly note that even if you follow all these steps and a particular project passes all the tests, there is still no guarantee that a project is legit. That is the risk associated with crypto. But if you follow these steps, chances of you being scammed reduce drastically. 
<center>![calculator385506_1280.webp](https://files.peakd.com/file/peakd-hive/syedumair/0ieyiRyP-calculator-385506_1280.webp)
[Source](https://pixabay.com/photos/calculator-calculation-insurance-385506/)</center>
So, without further ado, let's look at some more factors to determine whether a project is legit or not:

#### Roadmap
If you look at some of the top quality crypto projects that are still under development, they have a roadmap on their website. If you are investing in a project at the start, there must be a roadmap on their website. Now, you have to check whether they are completing tasks on time o not. This can help you to find whether the team is actually building a product or just raising money to scam people. 

#### Community
Having a large dedicated community always works in favor of a project and a community can actually help the project to get the recognition it deserves. You might be aware of Chainlink marines, the people that are spreading the word about famous crypto ChainLink. You can look into the project's slack channel or telegram to interact with the community. Having a good active community is a big plus. 

#### Website
A decent and well-maintained website is the first thing that investors look into. With DeFi taking over, many new projects that come out are selling their products in the name of DeFi, and in most cases, they have an unfinished or bad looking website that has been created in a hurry. While it is not necessary to have a top-notch website but still there should look good enough. 

#### Code

This might be a little tough thing to do if you have no knowledge of reading code but you can ask someone to look into this factor. A project must be hosting code on GitHub or Gitlab. You need to check if they are consistently updating and adding info. Also, if the project isn't open-source, I would suggest you stay away from it. 


***This is not financial advice. These are personal thoughts and they are meant for information purposes only.DYOR before investing.***

## Download [Brave](https://brave.com/sye093) and start earning BAT.

<a href="https://www.presearch.org/signup?rid=536593" target="_blank">
  <img src="https://www.presearch.org/images/rf/ban-4.jpg" title="Presearch" alt="presearch" />
</a>

👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 98 others
properties (23)
authorsyedumair
permlinkhow-to-identify-a-good-crypto-project-part-02
categoryhive-175254
json_metadata{"app":"peakd/2020.07.2","format":"markdown","tags":["cryptocurrency","leofinance","investing","money","neoxian","finance"],"links":["https://pixabay.com/photos/calculator-calculation-insurance-385506/","https://brave.com/sye093","https://www.presearch.org/signup?rid=536593"],"image":["https://files.peakd.com/file/peakd-hive/syedumair/0ieyiRyP-calculator-385506_1280.webp","https://www.presearch.org/images/rf/ban-4.jpg"]}
created2020-07-29 16:22:15
last_update2020-07-29 16:22:15
depth0
children1
last_payout2020-08-05 16:22:15
cashout_time1969-12-31 23:59:59
total_payout_value5.418 HBD
curator_payout_value6.830 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,866
author_reputation217,827,463,642,367
root_title"How To Identify A Good Crypto Project - Part 02"
beneficiaries
0.
accountph-fund
weight2,500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id98,783,923
net_rshares36,638,777,051,916
author_curate_reward""
vote details (162)
@indiaunited ·
Indiaunited Curation 1596052935666
This post has been manually curated by @bala41288 from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating to @indiaunited. We share 80 % of the curation rewards with the delegators. 

Here are some handy links for delegations: [100HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=193701.75460502284%20VESTS), [250HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=484254.38651255716%20VESTS), [500HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=968508.7730251143%20VESTS), [1000HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=1937017.5460502286%20VESTS). 

Read our latest [announcement post](https://hive.blog/hive-186042/@indiaunited/indiaunited-2-0-active-again-with-a-lot-more-energy-this-time) to get more information. 

[![image.png](https://files.peakd.com/file/peakd-hive/bala41288/46eaz12N-image.png)](https://discord.gg/bGmS2tE) 

<sub>**Please contribute to the community by upvoting this comment and posts made by @indiaunited.**</sub>
properties (22)
authorindiaunited
permlinkindiaunited-1596052935352
categoryhive-175254
json_metadata{"app":"hiveblog/0.1","tags":["india","indiaunited"]}
created2020-07-29 20:02:15
last_update2020-07-29 20:02:15
depth1
children0
last_payout2020-08-05 20:02:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,255
author_reputation61,316,822,789,114
root_title"How To Identify A Good Crypto Project - Part 02"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id98,787,163
net_rshares0