What is a crypto industry research report?

Industry research is to provide an important reference basis for an enterprise’s own development or industry investors and other related customers through an in-depth study of an industry’s development dynamics, scale structure, competition pattern, and comprehensive economic information.

Enterprises usually learn about the micro-market of their industry through their own marketing network, but the illusions in the micro-market often mislead managers to judge and grasp the whole picture of industry development.

Research for the team

In the early days, the constant variable in the equation is usually the team. We need to know the initial intentions and aims of the founding team, find the team’s representatives who know the founders, and ask them about their strengths, weaknesses, etc.

Then ask yourself: what are my future expectations if I choose them? But the crypto industry is dominated by anonymous teams, but what should I do if I meet an anonymous team?

What should I do if I meet an anonymous startup team?

From the beginning, the cryptocurrency industry has been built on anonymity. Bitcoin was conceived more than a decade ago by a mysterious figure under the pseudonym Satoshi Nakamoto.

For years, thieves and drug dealers have been secretly using cryptocurrency to do business. The ability to operate anonymously is a core principle of cryptocurrency technology.

All cryptocurrency transactions are recorded on a decentralized ledger system known as a blockchain, which allows users to transact anonymously without having to register for a bank account or interact with a traditional financial gatekeeper.

A growing number of cryptocurrency entrepreneurs operate through mysterious cyber avatars that obliterate identity information, many of whom control hundreds of millions of dollars in investor funds.

Some venture capital firms have even started investing in founders without knowing their real names. When it comes to anonymous teams, for individual investors or small investment houses, a deeper understanding of the market and the product is required.

Understand the product and tech innovation

If a product is available, be sure to use it. Although known to the general public, this step is often skipped. It will flesh out the use case, value proposition, and product offering. It is also good for founders to have investors who understand and use their products.

Often, we would agree that technically oriented teams are very powerful. But, like quantum theory to solve enterprise-level challenges in the pharmaceutical industry, the technology may take five or ten years to develop and adopt. We must be rational about the time and expense costs.

Here, a distinction needs to be made between the ‘research phase’ and the ‘software development cost’: the research phase is about inventing algorithms to build something that was previously unattainable due to technical limitations, with uncertainty about the time costs and the results obtained.

The software development phase, on the other hand, is about building a more understandable solution, which only takes a certain amount of time. Obviously, the investment in the research phase is very unpredictable.

However, software development can also take longer than the team initially planned. Make sure you don’t try to overestimate the team’s capabilities or hope to manage to impress yourself.

Lurk in the official community to observe the quality

One of the most crucial aspects of a quality project is the community, and it is vital that we get to know the mood, quality, and longevity of a community. Join the community’s Discord and Telegram to assess the quality of the members.

It is also important to distinguish whether Twitter followers are bots or humans. For a quality community, we need to look at activity rather than numbers, and the quality of the content output rather than a bunch of irrelevant spam.

This can be done quickly with Discord, which asks users: How did you hear about this product? What did you use before? How does it compare to alternatives? How do you feel about ROI and value? What would make you leave? Doing so can help find the vitality and lasting use of the project.

Racetrack and endorsement

Many of the ideas in the cryptocurrency have been tried before, think about how many board offerings we’ve seen. Timing is key, try to figure out why past attempts have failed and instead consider why the present is different.

Emerging technologies are often explained as ‘solutions for problems’. From Defi and NFTf to GameFi, it’s easy to lose sight of the most important questions behind reading fascinating stories and brilliant technical ideas: who is the target audience? Why would users use this solution?

The project should be checked for these issues and confirmed with potential user groups. Customer research and customer testing can ensure that the project is moving in the right direction.

If a project is operating in a ‘vacuum’ with no direct contact with the target audience, this is a red flag for investors and there is a high probability that such a project will not meet the needs of users once it is in use.

There is another possibility: sometimes a problem is not so urgent as to require a separate solution.

Tokencamps is a crypto industry research and media outlet

Tokencamps is a professional blockchain research institution and digital news platform. Tokencamps covers worldwide blockchain and crypto news and blockchain industry insight.

The aim is to meet the needs of blockchain beginners, enthusiasts, practitioners, investors, and any type of reader.

Its content types include learning articles about blockchain and digital currency introduction, latest events reports, original research on Blockchain, in-depth analysis of industry phenomena, high-quality interviews, and more.