Token Evaluation Methodology — A Primer
With a plethora of ICOs coming into the market at rapid succession, the potential investor is faced with a dilemma as to which ICO is a sure bet for success. Based on the Jeffery Timmons model of entrepreneurship, the following evaluation table-cum-checklist is created to make an informed decision on the new ICOs. There are six key areas that need to be explored in detail to come up with a rank to help in understanding the overall value proposition of the new token. This systematic method will no doubt assist any seasoned and newbie crypto-investors navigate the choppy ICO waters.
Most tokens will likely to get an average rank around 3 which is an normal; anything below this is not worth spending time on. A rank of 4 and above promises to be really a great opportunity to invest; it will need a closer look at all the parameters listed in the checklist before making a final decision.
The proposed evaluation methodology will assist the potential investor to build confidence in the token and explore further. The same methodology can be used by promoting team to get clarity on their proposed idea and fine-tune the same for generating the right buzz and excitement in the crypto currency circles.
Reference:
- New Venture Creation: Entrepreneurship for the 21st Century, 5th Edition, by Jeffry A. Timmons, ISBN-13: 978–0072443011, ISBN-10: 0072443014.
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