Open Source Analysis Method for Digital Assets

If you are Going to the Moon, Bring your Spacesuit

Here is a simple tool called SPACESUIT X for analyzing the investment merits of coins, tokens, ICOs and similar projects.

This tool/project is published under the Creative Commons license and is free and open source. We have tried to make it flexible enough for anyone to use and publish an analysis. Hopefully the tool will be useful to some in the community. You are welcome to use and adapt as you see fit.

What is it?

SPACESUIT X is a rating scale of 0-100 which is based on an acronym for 10 categories that investors / analysts might consider regarding tokens, coins and ICO offerings. The tenth category is “X Factor” which allows analysts to assign their own criteria for evaluation.

SpacesuitX Analysis Overall Score

Name of the Project (optional)
Total Score
  (0 – 100)
Category
Weighting
Rating
Security
How secure is this? Security is the foundation of any crypto or blockchain project. Factors to be considered are the security of the blockchain being used, centralization, control and an analysis of attack vectors on the chain, coin, project and any related smart contracts.
%
Participation
What are you participating in with this token or coin? What portion of earnings or equity of a project does my token represent (if any)? Have you purchased a security? An app API key? A share of future of revenue? Have you simply donated to a non profit tech foundation? What portion has been diluted and how? How fair and transparent was the issuance process?
%
Accounting & Legal
How are holdings calculated? On a public, open blockchain or by a central party? What, if any, is the corporate structure of this project? Is it open source? Are there significant legal risks for any key contributors, managers or entities involved in this project? Is this project legal in the jurisdictions important to you? What user rights (if any) are a natural part of the code?
%
Community, Management & Team
Who is working on this project? Is there a community? For FOSS (Free and Open Source Software), who contributes how when and why? Is it open or controlled? For corporate, non open-source projects, who is the team and what is their track record? Who are the executives behind this? What have they done before? Have they ever managed similar amounts of money and numbers of employees successfully?
%
Earnings
What is the economic size of transactions in this asset? What are the earnings and projected earnings of this project and/or this part of the industry (if any)? Projected growth rates? Is this being used or bought for something other than speculation? Who is buying? What do they pay? What will those amounts be in the future? Most importantly, how does my token tie to these earnings? (If at all)
%
Supply & Demand
Is supply fixed or limited? How many coins or tokens will be issued? How? Who can change this? Who controls large amounts of coins? What is the real market strength and market cap value? Is there enough market depth to actually support significant sales at a similar price or is it too thinly traded?
%
Usability
What will the project, coin or token be used for? If not usable directly, what is the share of equity it gives you? Is the project a useful application? Does the token represent something else of value? What? How? What does this token, coin or project do? What is the problem solved by this? Do people or will people use it? Why?
%
Industry / Institutional Backing
Are corporations or VCs participating? Do exchanges list this token or coin? Do companies build businesses around this? Does the project have any major industry or non-industry partners? What is the overall market direction? How about for this type of project? What’s the state of the industry? Who is the competition? What is this projects leadership in the space for this use case?
%
Technical
What are the technical details? If this is using a blockchain does it need one? How much has this been tested? Are the speed and efficiency drawbacks of a blockchain worth it for this project? Why? Is this blockchain open or permissioned? How resistant to censorship is this blockchain? What anonymity features does the tech offer?
%
X Factor
What other factors would you like to include in your analysis? What is the overall thesis? Why will the markets place value on it? What other risks are there? The X Factor slot is your chance to add any criteria that was missed.
%

Present SPACESUIT X

The PowerPoint explaining Spacesuit X is free & available for you to use, present or alter for commercial or non-commercial purposes without additional permission, no credit required.

Presentation Download

 

What is next for the project?

Hopefully other analysts will use this method to rate and explain their own decisions.

Feel free to use it in your own analysis. Professionals, funds, service providers and others are welcome to use this and alter at will.

Follow @spacesuit_x for updates.