When analyzing a crypto project, analysts study almost everyth | 9RD Analytics

When analyzing a crypto project, analysts study almost everything: the team, tokenomics, onchain data, the audit of smart contracts, the community. But very often they forget about the most important thing.
And what is the most important thing about a cryptoproject? The same as for an ordinary company - the product.
What product does the project in question produce? What benefits does it bring? If we put aside its promotional prospectus for investors, why do we, ordinary consumers, need it?

The answer to this question is the most important one. Because if the company doesn't have a clear product and a transparent business model, where will the profit come from? By manipulating the token? Then this project is a scam. You can take a risk and try to speculate, but it is not an investment. And if you don't get out of such a project in time, the loss of money is inevitable.

You may argue, but what about Dogecoin and other shitcoins, where traders earn x10 and x100? Of course, every rule has its exceptions. Considering that there are about 13,000 tokens today, not all of them are based on useful products. For example, there is a category of meme-coins whose value is supported solely by the holders' faith in them. In the case of Dogecoin, this is an inexplicable sympathy (or diabolical plan) on the part of Ilon Musk . But the time of the Wild West in the crypto world is gradually passing.

Only a product that people want and are willing to pay for is the basis of a successful business.
Understanding this simple concept immediately makes project analysis easier. Now we need to understand what kind of product the project offers, which customer segment it is designed for, whether there is an MVP, whether there are product sales, etc. That way we can analyze the market and the product's prospects in that market.

And only then, if we come to the conclusion that the project is not another scam, not a Ponzi scheme, can we start analyzing tokenomics and everything else.
#product