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* It has utility, meaning it solves a real problem. Cryptos should be disruptive, it’s one of my favorite attributes of this space. Look for a cryptocurrency that was created to solve a real problem that actually exists. Make sure they aren’t making up a problem in order to justify the existence of their coin. I’ve seen plenty of presentations where the representative seems very passionate about the project and it’s potential and yet when asked the simple question of “why do you need your own coin?” They stutter and fail to provide a legit explanation, because quite frankly the real answer is they (most likely) will be holding most of the coins if they are holding an ICO or IEO and they want to make money by convincing you it’s valuable.
* Their Github commits are consistent even if the prices are dropping. (BUIDL)This is a great indication that those who are involved with actually building and developing the network are doing so because they actually believe that what they are building has substance and deserves to be built no matter the season of the market. Avoid fair weather dev teams.
* The team has strived for the most fair distribution of coins- Mineable from the very beginning- best bet at avoiding whales that can pump and dump the coin. Many have been scarred from the pump and dump ICOs of 2017 and rightfully so, I’m also quite partial to networks that have committed to staying asic resistant in an effort to keep the ability to mine the coin as open and available to as many people as possible.
* As decentralized as possible- to be robust against any outside pressures that could cause them to sacrifice/compromise things like user privacy. No limits on validating nodes I know some may favor delegated proof of stake networks like Bitshares, Steem and EOS but that is a bottleneck no matter how you frame it. You should always value very highly open source code and permission less blockchains, if it’s possible for anyone entity to make changes to the network without the consent of other nodes, this is a blaring sign that the blockchain is centralized and should not be considered robust at all.
* This last one has to do with the Lindy effect, (the future life expectancy is proportional to its current age) If it’s survived the test of time and subsequent big bull and bear markets, with a growing network, chances are the tech is strong and it will continue to be successful into the future. Although most people want to get in early (which no one in crypto now should be concerned because judging by the awareness of this crypto space we are still quite the early birds) the fact of the matter is, the newer the coin, the higher the risk of failure.