Outline
Stage I.
Notebook
`Increasing number of emerging companies over a short period of time
`Capital firms increasing percentage of such fields in portfolios
`Big players being active in acquisitions
`Growing demand for the product
`Precursors from the outside
`Current TOP CMC
`Projected growth of the industries
`Look at that, which shows and holds on to signs of trend
`Reasons for massive money inflow into the industry
`Several additional indirect triggers
Market analysis
`Fundamental problems of the fields
`Underlying technology
`Data
Projected growth
Recurring revenues
Revenue streams
Size of the segment
Share by company
MAU
`General
News and events
Expected development in the future
Mechanics of the segment
Additional indirect factors
`Several indirect triggers
Heavy companies
`Beneficiaries
No token and huge market share
No involvement in the crypto-sphere, although clear potential for big revenues and gain of competitive advantages
Highly innovative start-ups with potential for shattering the industry by bringing novel and useful implementations
Portfolio companies of investment institutions
Subsidiary of a larger company
`Incentives
Cultivate the best side of the company and monopolize the market
Expand out to the global market
Get into new sectors
Spread out to adjacent market segments
Increase revenues, capitalization, and share
Benefits of coming with own token
Attract/Deflect attention
Stay on top of the technology and gain competitive advantages
New beneficial investors and strategic partners
Reduced final price of goods and services
Maintain customers’ trust in liveness of the corporation
Incentivize the use of the platform
Several indirect triggers for a given corporation
`Impediments
Costs and liabilities
Reputation
Decentralization
Protection and prevention of fraud
Obscurity in public policy around the field
No demand
Regulators and law compliance
Reasons against coming with own token
Higher probability of suffering losses and failures
Several indirect triggers for a given corporation
`Reasoning
Preconditions
Potential solutions
`One radical success
Capitalization upon listing
Effects on the market
What would it be
Gather
`Find and collect all the companies of the segment. Strip off renegades
Stage II.
Target hunt
`Market capitalization
Under $20m
Under $50m
`Stage of development
Seed (early stage token)
Post-seed (early stage token)
Round A (early stage token)
`General
Minimal liquidity
Явный апсайд к переоценке
Extraction
`Potential for at least 10x
`Leading backers
`Absence of lock-ups
`Product
`Capability to resist market’s downtrend
`Gone through a six-month accumulation phase
`One to five upper-middle class funds with a famous lead-investor
-Связи и выходы на биржи/маркетплейсы/нужных людей/и пр. для любой ситуации
-Наличие маркетинговых и медийных преимуществ
-Скорость пролива токенов и время холда + шиллинг&разгрузка токенов
-Региональные особенности и преимущества
-Направление/Индустрия/Блокчейн-based проекты инвестирования
-Экспертиза в необходимом для проектов
`Absence of low-class, useless funds and LP’s
`Three to five additional indirect triggers of success
Stage III.
Scorecard
`Team
Members
Advisors
Strategic partners
Bakers and investment funds
`Product
Intellectual property within the industry
Underlying technology
Testnet, Mainnet, and Masternode
Problem addressed
Ecosystem and integration
Product market fit
Viability
`Token
Function
Tokenomics
Allocation
Release schedule
Supply
Emission and burning
Artificial inflation or deflation of supply
Market value
Amount in circulation
Amount in vault
`Fundamental
`Jurisdiction & Regulatory compliance
`Market
Uniqueness
Token’s place/niche in the market
`Risk analysis
Primary
Legislation and regulatory
Technology
Product liability
Competitors
`General analysis
Segments and areas of operation
Strategies
Fundamental business model
Prices and fees
Solutions to the same problem
Number of holders
`Moat
Network effect
High cost of switching
Non-material assets
`Competitive advantages
`Necessary trade-offs
Metrics
`Financial analysis
Total raised capital
Revenue streams
`Size of TAM
`Potential share of the market
`Roadmap and flowcharts
`Entry estimate
Lowest price to value index
Capitalization
`Growth over a period of time
MAU
`Metrics over the previous quarters
`Market numbers
`Expected capitalization over six to twenty four months
`Ratio of Mcap/xxx/fundament/expectations/etc
`Valuation
Aims
Hard capitalization
Free cash flow
Foreseeable rush that will maintain deposit
Visualization
`Connect the two dots
`What exactly will multiply the company by a 1000 fold
`Technological analysis
`Big utility lay-down on large user-base
`Reasons for reaching $# - $# - $1b capitalization over 6 to 24 months
`The problem addressed and its future
`Is it a real utility candidate
`Segment’s future and direction
`Future of the token in the next quarters
`Reasons for radical success
`Broad adoption
`Migration to other platforms and projects
`Potential impediments
`Team’s attempts to resolve problems
`Will it become a customer habit
`Key figures in moving the valuation forward
`Clear upside to overvaluation and crystalized blue chips
General
`Token turnover rate
`What was the capital raised for and how it was used
`Defense against market’s fall-down
`A piece of non-disclosure information of any sort
`Attempts of the token to walk against the market (Bounce&Dip index)
`Clear relationship between the number of users and growth of the token
`DEX’s, Bid/Ask buckets, the quality of MM
`Trust test
`General information
Holding concentration
Capital flow
Justifications of price growth and demand
Price-spikes that have no underlying reasoning
Activity of the development team and its growth
Accumulation of the asset on wallets
Access to major exchanges
Many spare passengers onboard
What it is focused on
Freshness of the idea/project
Time gone from the start to TGE
How hard is it to get into the whitelist
Price of accounts on OTC
How much dollars locked in LP to ETH/other approved stablecoin
Buttress price of the token
Capped or uncapped token sale
Citizenship of users and customers
Airdrop analysis
Social media analysis
`Psychology and news
Negative influence of media
Moods and expectations of the crowd
News swan
Noise around the project
FUD and FOMO around the project
Future
`How the project will develop. Its future
`How will the team raise capital. Rounds.
Why I am wrong
Triggers to close the deal
General questions
`Another theory to validate the price
`Hoping for anything
`Crystal-clear asset
`Artificially inflated asset through greedy low-class funds
`Asset with serious venture undervaluation and correct and fragrant reasons for growth
`Explanation of the project’s cost