3-step
scoring system for blockchain startups
scoring system for blockchain startups
which allows you to find successful projects at an early stage with an accuracy of 9 out of 10
What is scoring?
Advanced scoring models evaluate the project by dozens of indicators, assigning points to the project depending on the results. The higher the score of the project, the higher the priority for the investor to consider the project.
Scoring is an analyticаl tool for blockchain projects. Its main goal - sift out and prioritize projects that come to the investor’s attention.
How do we analyze projects?
The Afford.Capital model comprises
3 key steps in project analysis. These 3 key steps are divided into dozens of iterations and actions, but for a general understanding, we will describe the work algorithm in its larger stages.
3 key steps in project analysis. These 3 key steps are divided into dozens of iterations and actions, but for a general understanding, we will describe the work algorithm in its larger stages.
The main task for the investor
At this stage is to find projects that they will then analyze. From our experience of talking with investors of different levels, we found out that finding worthy projects is one of the key problems. The challenge is that in the early stages only a narrow circle of those close to potentially successful projects can enter them.
Step 1. Project search
How Afford Capital finds projects for selection
Paid and free. We constantly update the fund's tools, developing and testing all new tools. As a result, we always have up-to-date databases in service which are expanded with new projects.
Databases
Key employees and shareholders of the fund constantly stay in touch with other crypto-world members, making it possible to receive important tips and secrets first-hand. We brief all the projects we hear about and submit the results of the briefing straight to the scoring algorithm.
Networking
Direct inflow of projects to the fund. As the media coverage of the fund grows, projects themselves find us and submit applications for evaluation. Over time, the inflow of such organic applications only increases. This allows the fund investors to receive the best offers and enter the most promising projects even before they go public.
Direct inflow
Paid and free. We constantly update the fund's tools, developing and testing all new tools. As a result, we always have up-to-date databases in service which are expanded with new projects.
Databases
01
Key employees and shareholders of the fund constantly stay in touch with other crypto-world members, making it possible to receive important tips and secrets first-hand. We brief all the projects we hear about and submit the results of the briefing straight to the scoring algorithm.
Networking
02
Direct inflow of projects to the fund. As the media coverage of the fund grows, projects themselves find us and submit applications for evaluation. Over time, the inflow of such organic applications only increases. This allows the fund investors to receive the best offers and enter the most promising projects even before they go public.
Direct inflow
03
After the projects are selected, the analysis begins.
First of all, a general overview is made: what the project is about, what value it brings to today's reality, how relevant it is. Already at this stage we can see the potential. Next, we analyze the figures.
Step 2. Key indicators
The scoring model has 220+ evaluation indicators.
They are divided into key groups:
01
Mentions on Twitter
Mentions on news
Mentions on Twitter and news
02
03
Google Trends Score
04
Followers - Twitter
05
Team is a set of criteria by which you can evaluate a team of founders and advisors. Some investors believe that a team is even more important than a startup idea.
01
State of development
Followers - Reddit
02
Number of transactions
03
Partnerships
Traction - roadmap and stages already passed by the project.
Network - a social media presence of the project, its popularity.
05
Adoption and Strategy
01
Anonymity / Non-anonymity of the team
02
Tokenomy is a group of indicators that represent the project economics and its real potential.
Whether there are any large funds that are interested in the project or not
06
Potential (Growth) and Roadmap
04
Potential (market)
08
01
02
Total Supply
Seed
Advisors
03
04
Private
LaunchPads
05
06
Initial Market Cap
Fully Diluted Value
07
03
Whitepaper
Vision
Where do we get the above data from?
Every startup that is interested in investing makes all this data public. You can easily find some of the indicators in analytics services, and some will be found in the mandatory set of startup documents, such as Whitepaper.
We talk about analytics services further on.
We talk about analytics services further on.
How do we analyze a project if there is not enough experience or competencies? Support services can help you here. We are ready to share a few services from our tokenomist’s toolkit:
Step 3. Analytics tools and services
High-quality paid analytics
Messari.io
Altcoininsights.io
Theblockcrypto.com
Nansen.ai
Pro.cointelegraph
Delphidigital.io
Dune.xyz
Banklesshq.com
High-quality various analytics on cryptoassets
$50/month for PRO version
Emailing of copyright analytics on new altcoins
600 $/year
Thorough analytics and crypto market research, macro analysis and portfolio analysis
An analytics service that collects data, including that on small tokens. It allows you to track movements in large wallets and interpret this data
2250 $/year
120 $/month
Copyright token analysis metrics Bottom Coins by VORTECS™ Score
99 $/month
Macro-analytics and project analysis
50 $/month
A good support tool for project tokenomy analytics
0-390 $/month
Excellent emailing service with updates and market news. Must-have
22 $/month
Messari.io
Altcoininsights.io
Theblockcrypto.com
Nansen.ai
Pro.cointelegraph
Delphidigital.io
Dune.xyz
Banklesshq.com
High-quality various analytics on cryptoassets
$50/month for PRO version
Emailing of copyright analytics on new altcoins
600 $/year
Thorough analytics and crypto market research, macro analysis and portfolio analysis
2250 $/year
An analytics service that collects data, including that on small tokens. It allows you to track movements in large wallets and interpret this data
120 $/month
Copyright token analysis metrics Bottom Coins by VORTECS™ Score
99 $/month
Macro-analytics and project analysis
50 $/month
A good support tool for project tokenomy analytics
0-390 $/month
Excellent emailing service with updates and market news. Must-have
22 $/month
Free analytics
Сryptoresearch
free light analytics on IDO tokens
Cryptosherlock.club
free light analytics on IDO tokens
ICO Drops.com
free light analytics on IDO tokens
Dropstab.com
a promising free analytics platform
Glassnode.com
Glassnode free analytics
Nansen.ai
Nansen free analytics
Santiment.net
Santiment free analytics
Сryptoresearch
Cryptosherlock.club
ICO Drops.com
Dropstab.com
Glassnode.com
Nansen.ai
Santiment.net
free light analytics on IDO tokens
free light analytics on IDO tokens
free light analytics on IDO tokens
a promising free analytics platform
Glassnode free analytics
Nansen free analytics
Santiment free analytics
Not the most popular, but anyway effective services
Cryptorank.io
working tool for cryptocurrency rates analytics in real time
Vestlab.io
gives information on project rounds and unlocks. It is convenient to check the project here when you are going to buy a token
Dune.com
trend-watching and analytics for up-trending tokens
Dovemetrics.com
very extensive functionality if you can learn how to use it. It provides access to databases, fund analytics and much more
Сrunchbase.com
We strongly recommend that you choose a paid subscription. It will give you access to statistics on the project, niche, dates, amounts, investors. The service gives a complete transparent assessment of the project and shows the exit, which is important for any venture investor.
Cryptorank.io
Vestlab.io
Dune.com
Dovemetrics.com
Сrunchbase.com
working tool for cryptocurrency rates analytics in real time
gives information on project rounds and unlocks. It is convenient to check the project here when you are going to buy a token
trend-watching and analytics for up-trending tokens
very extensive functionality if you can learn how to use it. It provides access to databases, fund analytics and much more
We strongly recommend that you choose a paid subscription. It will give you access to statistics on the project, niche, dates, amounts, investors. The service gives a complete transparent assessment of the project and shows the exit, which is important for any venture investor.
01
02
Standard key documents
Apart from analytics indicators, you have to analyze the list of startup documents. We have formed a consolidated list of required documents so that it would be easier for you to make sure that the project is reliable.
Some documents on the list can be combined into one, but one way or another, the project must provide information contained in them to investors / funds::
Some documents on the list can be combined into one, but one way or another, the project must provide information contained in them to investors / funds::
What should every startup have?
What else?
What else?
01
Proposal - summary
Investment Agreement / SAFT
01
02
03
Documents that are also key documents but often provided on request
14
04
15
Company Overview
Company Incorporation
Business / Marketing / Operation Plan
Financials
- financial model, balance sheet, taxes and other financial documents
- financial model, balance sheet, taxes and other financial documents
02
07
Total Supply
08
White Paper
13
Product / Service Presentation
11
Pitch-Deck
12
Elevator Pitch
05
09
06
One Pager At-a-Glance
Financial Summary
10
Media Kit
- interviews, articles, mentions
- interviews, articles, mentions
Founders History / Bio
01
16
02
17
Supporting package of documents
Supporting package of documents
18
01
19
02
Required for promotion and development of the project
Confidentiality Agreement (NDA)
Finders (Agent) Agreement
03
20
04
Do’s and Don’ts - what you can / can’t say
05
Sales Feedback - project vulnerabilities identified during sales (objections, uncertainties, fears of the target audience)
FAQ
What can you do with all these materials?
If you want to receive new materials, regularly get digests with market news and stay in touch with Afford.Capital,
subscribe to us on social media:
put them into practice. Try to analyze projects using different services, get to know the functionality and come back to this guide to learn new tools. But remember: by filtering projects only by scoring points, you risk missing out on a really promising startup at an early stage.
The answer is simple:
That is why we recommend relying on scoring as a prioritization tool - let it prioritize projects without discarding them
Consider scoring your tool, approaching it consciously and with an understanding of how to use it as effectively as possible.
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