Management decisions regarding innovative projects at their early stages of development: An example of a methodology for assessing crypto projects


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Innovative projects can be very costly, and making mistakes in their implementation can be expensive for organizations and investors. Therefore, appropriate procedures are needed to minimize the likelihood of such errors, facilitate strategic decision-making, and optimize investments. This paper presents a methodology for assessing the viability and potential of cryptocurrency and blockchain projects based on evaluating individual project components and synthesizing these assessments.
The proposed approach suggests considering a project as a collection of individual components with clear metrics that can be assessed; various assessments of these metrics are introduced. As a result, a project manager or investor assigns ratings to its metrics when analyzing several projects and then calculates a final assessment for each project. A project manager can determine the most promising project by comparing the reviews of several projects.
This methodology stands out for its simplicity and clarity, and a significant advantage is its reliance on only publicly available data. This approach can be applied as the first step in making investment decisions regarding a specific project when working with investment funds or launchpads, for example.

The paper is prepared within the scientific research project “Fundamentals of the phase transition to the additive economy: From disruptive technologies to institutional socialization of decisions” (№ 0121U109557), funded by the general fund of the state budget of Ukraine.

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    • Figure 1. The tree of components for evaluating a crypto project
    • Figure 2. Decomposing a product component into metrics
    • Figure 3. Decomposing a token component into metrics
    • Figure 4. Decomposing a team component into metrics
    • Figure 5. Decomposing a community component into metrics
    • Figure 6. Decomposing an investors component into metrics
    • Figure 7. Decomposing a marketing strategy component into metrics
    • Figure 8. Decomposed tree of metrics, components, and corresponding evaluations of the crypto project
    • Table 1. Metrics of the crypto project and their evaluation
    • Table 2. Comparative evaluation of cryptocurrency projects
    • Table 3. Evaluation of the crypto project Eywa based on the developed metrics
    • Table 4. Evaluation of the crypto project Portus based on the developed metrics
    • Conceptualization
      Vladyslav Mandryka, Oleksandr Matsenko
    • Methodology
      Vladyslav Mandryka, Kateryna Mandryka
    • Validation
      Vladyslav Mandryka, Kateryna Mandryka, Oleksandr Matsenko
    • Visualization
      Vladyslav Mandryka, Kateryna Mandryka
    • Writing – original draft
      Vladyslav Mandryka, Kateryna Mandryka, Alona Yevdokymova, Leonid Melnyk
    • Writing – review & editing
      Vladyslav Mandryka, Kateryna Mandryka, Alona Yevdokymova, Leonid Melnyk
    • Investigation
      Kateryna Mandryka
    • Software
      Kateryna Mandryka
    • Funding acquisition
      Alona Yevdokymova
    • Resources
      Alona Yevdokymova
    • Data curation
      Oleksandr Matsenko
    • Formal Analysis
      Oleksandr Matsenko
    • Project administration
      Oleksandr Matsenko, Leonid Melnyk
    • Supervision
      Oleksandr Matsenko, Leonid Melnyk