Sanity Checked by CryptoQuestion

The launch of a free service catering for new startup crypto projects

 

It is essential when launching any new crypto project that you have dotted the i’s and crossed the t’s. Investors form an opinion on an investment opportunity fast and it is near impossible to change that view once formed. The phrase first impressions count summarizes this situation perfectly. And if investors don’t like what they see they will shout about it from the rooftops, or in the modern equivalent from their Reddit accounts. Bad news spreads fast. It is both costly and time consuming to launch a crypto project so it is worth getting it right before launching your masterpiece to the world.

What does this mean in practical terms?

There are a number of factors which you must consider before launching your crypto project:

Sensible tokenomics is one factor which will determine the success of a project. But it isn’t all about tokenomics.

Here are a few other considerations:

1. Does your native cryptocurrency create value? It is essential that you can clearly demonstrate how your token creates value. This is the downfall of many projects including some very large ones.This has to be transparent from day one.
2. How does the idea stack up against competitors? Is it another metoo? Are you entering a competitive area and if so why are you different?
3. Has the idea been explained clearly and concisely and have the USPs been highlighted?
4. Is it explained succinctly why there is a need for a blockchain solution to the problem you have identified?
5. Is there a need for your platform and how is it likely to be viewed by the market?
6. What image does your website present?
7. How does your white paper read?
8. Is the name, ticker and logo appropriate?

Seeing the forest for the trees

Of course it is easy to feel confident that you have this covered. Sometimes when you are too close to a project it is difficult to see what is glaringly obvious. That makes it important that you employ a third set of eyes to review your project before launch. We are talking about a top level review, the kind of review an investor would undertake before taking his due diligence to the next level. This review allows for the identification of any issues which may have been missed or areas not explained sufficiently. This is where we come in.

Our free service

The above are just a few of the questions we will help you answer so that when you launch your project you are confident it is going to make an impact from day one. It is an entrepreneur’s worst nightmare to discover weaknesses after they have launched their project. But many eager entrepreneurs do just that because they are too quick to pull the trigger. We will help you fix any problems we encounter and recommend changes to ensure you have a project that makes sense from the beginning.

This service is totally free without obligation. You can even use our stamp, assuming you heed our recommendations. If you don’t, that isn’t a problem. We hope our guidance was of some use to you and your project.

Our stamp does not guarantee by any means that your project is going to be successful. It is an indication that your project is sensible on paper. It is also not a recommendation to buy.

What makes us qualified to sanity check your project?

We are glad you asked! You don’t have to look very far to see we are perfect for the job. We review hundreds of projects every month for our own community, publishing an array of reports, articles and podcasts. Analyzing micro cap projects to IDOs and Bitcoin to Candela Coin. We don’t just focus on the technology which is the mistake most ‘experts’ make, we consider the overall package from tokenomics to use case, from app usability to number of users (if any). Saying all this, we are only now formalizing this service, a service which we have been performing for many fortunate projects as a favor for a few months now.

A few of our resources

Check out our weekly Micro Cap Watch List here.

Check out our Monthly Portfolio Service here.

Check out our Inside Track podcasts here.

Closing words…

A third set of eyes is imperative when there is so much at stake. With any investment opportunity you only get one chance to make a first impression. If your tokenomics give the impression that the developers are greedy then you are dead in the water. If your project has been explained in technical prose, then for the average investor it is unlikely to make much sense, investors want to have a light bulb moment. That has to be your goal. These points may seem pedantic but they will make the difference between success and failure. And what have you to lose? The service is free. For the moment anyway!

Contact us at chat@cryptoquestion.tech to discuss your project.

Be sure to include your telegram account where you can be contacted, a short summary of your project and at what stage of development you are with it.

Not Financial Advice

This article does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is high risk, and you could lose 100% of your investment. The article should be treated as supplementary information to add to your existing knowledge.