How To Conduct Market Research For ICOs

How to make market studies for the initial parts of the parts (ICO)

In the growing world of cryptocurrencies, the initial offers of coins (ICO) have become a popular means of new projects to raise funds from investors. However, before investing in ICO, it is crucial to conduct market studies on the market to understand the potential and risks of the project. In this article, we will guide how to conduct market studies for ICO.

What are market studies?

Market studies include collecting and analyzing product or service, industry or market. It helps investors make informed decisions by providing an overview of the potential of a new project or a new business. In the context of ICO, market studies will help you understand the project:

• Trade model : How does it create revenue and what are its main competitors?

• Aim to the public : What is its main basis of investors and what are their needs and preferences?

• The last part of the market : Is there a real requirement for a token or project service?

• Competitive Landscape : What other projects offer similar services or products and how do they compare with your proposed project?

Types of Market Studies

There are several types of market studies you can do for ICOS:

• Technical analysis : This involves the study of the technical aspects of the technological crowd of project, such as its basic blockchain protocol, its application of a smart contract and its development team.

• Financial analysis : You must examine the project financial statements, including projections of revenue, costs and margins of users.

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• Industry Reports : Trends in the Research Industry, Market Sized and Growth A chance of understanding the wider landscape of the Crypto Currency and ICO.

Où Effectuer des Études de Marché

You can work with the market studies using different sources:

• Registrations

  : Coindesk and Cryptostete are two well -known online platforms that provide detailed information about new projects, including their commercial models, team members and financial statements.

• Crogourcing platform : websites like Medium, Reddit (R / Ethereum) and Stack Overflow can be useful to collect ideas for developers, investors and experienced users.

• Social Media : Analyze Tweets, Facebook publications and sons on Twitter to better understand the public and targeted project problems.

• Industry Reports : Look for market studies and business reports such as Deloitte, Ernst & Young and PWC.

How to implement market studies

Once you have identified potential sources of information, follow these steps:

• Make Internet Research : Use search engines, Internet databases and social media outlets to collect data.

• Talk to experts : Contact developers, investors and experienced professionals in the industry to get information and opinions on the project.

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• Use Internet Communities : Participate on Internet Forums such as R / Ethereum from Reddit and Stack Overflow to collect user and developers’ comments.

What to look for when conducting a market study

When you do market studies for ICOs, keep an eye on the following red flags:

• unrealistic projections : Watch out for projects with unsustainable income models or unrealistic prospects for growth.

• Lack of transparency : Watch projects that do not provide clear financial statements, business plans and technical information.

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IMPORTANCE RISK ASSESSMENT ALGORAND ALGO