{"id":124,"date":"2018-04-30T10:50:03","date_gmt":"2018-04-30T10:50:03","guid":{"rendered":"https:\/\/abhashstempblog.wordpress.com\/2018\/04\/30\/5-things-to-look-for-before-investing-in-crypto-by-kartik-mandaville\/"},"modified":"2026-04-15T13:00:06","modified_gmt":"2026-04-15T07:30:06","slug":"5-things-to-look-for-before-investing-in-crypto-by-kartik-mandaville","status":"publish","type":"post","link":"https:\/\/blog.springworks.in\/5-things-to-look-for-before-investing-in-crypto-by-kartik-mandaville\/","title":{"rendered":"5 Things to Look For Before Investing in Crypto"},"content":{"rendered":"
<\/figure>\n

Recently, we sat down with our CEO Kartik Mandaville to learn his crypto secrets. What are the things he looks for before investing in a crypto project? What are the important facets of a blockchain company that need to be known before making an investment decision? Read on to find out.<\/p>\n

We even made a video. Watch it <\/em>here<\/em><\/a>.<\/em><\/p>\n

#1: The\u00a0Team<\/h4>\n

According to Kartik, the primary thing to look for is the team. Does the team have any blockchain experience? Have they coded on a blockchain before? What fields do they come from, and how is their experience relevant to the blockchain product that they\u2019re building? A trustworthy team is essential, especially when selecting products like the best cryptocurrency wallet<\/a>, where security and expertise\u00a0are\u00a0paramount.<\/p>\n

The blockchain is not easy to figure out. That is why, it is extremely important to understand the team behind the project you\u2019re considering to invest in.<\/p>\n

#2: The\u00a0Product<\/h4>\n
\n

<\/p>\n<\/figure>\n

The second thing that Kartik advises is to look at the product. Does the company have a live product on the blockchain? Is it possible to experience it\u200a\u2014\u200aplay with it, explore its features, observe the transactions on the blockchain?<\/p>\n

If there is a live product, that means that the team has also had experience building a dApp, and has made some significant effort on their end before going out to the market and raising money.<\/p>\n

#3: Does the Solution Require a Blockchain?<\/h4>\n

Is it possible to do what the company is doing on a centralized service, or does the core concept truly require<\/em> a blockchain development services<\/a> to execute? Blockchains are not easy to build\u200a\u2014\u200awhy is the company using one?<\/p>\n

Some concepts are decentralized and some are not\u200a\u2014\u200ahowever, sometimes it is beneficial to be on the blockchain even if the concept is not decentralised, in order to convey trust\u200a\u2014\u200afor example, land registration. It is necessary to know why the company is taking the blockchain approach. For investors looking for a straightforward entry into the market, a simple way to start is to\u00a0buy bitcoin with debit card<\/a>, ensuring a seamless purchasing experience.<\/p>\n

#4: Token Economics<\/h4>\n

Does the token have a stable coin concept\u200a\u2014\u200athat means, is there an incentive for a user to hold the token, and not just buy and sell regularly on crypto exchanges<\/a>? This could be in the form of premium features, or incentives on the platform for token-holders. If that is so, then that means that the token itself is likely to appreciate. Considering whether the token offers premium features or platform incentives for token-holders is crucial in assessing its potential for appreciation. Understanding these factors can provide insights into how to buy Ripple<\/a> effectively.\u00a0<\/p>\n

#5: Community Traction<\/h4>\n
\n

<\/p>\n<\/figure>\n

What is the strength of the project\u2019s Telegram group? What is their reach on Twitter? How active is the community? There needs to be a significant number of people active in the project\u2019s community\u200a\u2014\u200athis shows that the token has a wide reach and is not just limited the the team\u2019s network.<\/p>\n

Conclusion<\/h4>\n

These are the things Kartik<\/a> looks for before he invests in a crypto project. Do subscribe to our YouTube channel<\/a> for more content like this!<\/p>\n

\n