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This article introduces NGK how to distinguish between true and false block chain project, the content is very detailed, interested friends can refer to, hope to be helpful to you.

Since the huge "money-making effect" of numbers and "skyrocketing and plummeting" have been widely reported by the major media, many people are eager to get on the express train of the blockchain and get a piece of the pie. But at the same time, the blockchain project is true and false, which is elusive. The following NGK teaches you how to distinguish between true and false blockchain projects.

First of all, we can look at it from the White Paper.

The white paper of a project team is the official document of the project side, so there are many clues in the white paper. We not only need to judge whether the project has application and development prospects from the white paper, but also need to judge whether the white paper is true and reliable from the details.

Generally speaking, a formal white paper at least clearly shows the team's capabilities, technical strength, business model, and development prospects. If a white paper is filled with difficult professional words or even illogical nonsense, it is likely that the white paper is not written by professionals. If the white paper is vague about the planning and progress of the project, or even avoid talking about it at all, it is likely that this will not be a serious project. NGK has set an example in this respect. The NGK white paper will completely show the origin, development direction, technical characteristics and major event nodes of NGK.

Second, the second is to look at the investment institutions behind it.

Although blockchain technology is still in its infancy, good projects never lack the favor of forward-looking enterprises. Therefore, most of the formal and promising blockchain projects will be invested by powerful enterprises and authoritative institutions, and these institutions can also endorse the project, so as to judge and reduce the risk of ordinary investors. In this respect, NGK is a blockchain project initiated by American Star Alliance Investment Co., Ltd., which is a successful enterprise based on the capital market, has a large overseas customer base and has advantages that other initial blockchain projects do not have.

If the white paper and investment background are all right, then it's time to take a closer look at whether the project team is reliable. At this time, we can check to see if the major team members have relevant work experience and success stories. The NGK.IO system design team is the top technical expert in blockchain, takes into account the leader in the field of network security technology, and is the international technical leader with the ability to develop the underlying protocol of blockchain, and there is no problem in this aspect.

Third, look at the application scenario of the project again.

First of all, it must be made clear that blockchain technology can not solve all the problems, of course, blockchain technology is not necessarily applicable to any scenario. Therefore, no matter how strong a project team is, there are no practical application scenarios to support, or can not solve the core problems of the industry, then there will be a variety of problems in the later development and promotion of the project. Such a project, relatively speaking, will be relatively risky, after all, when the project is difficult to move forward, it is likely to be shelved. The NGK project is deeply integrated with its eight major industries (new energy, biotechnology, sports, e-commerce, finance, entertainment, real estate and digital economy), that is, it basically covers most areas of the modern business society. As far as the permit is concerned, a sufficient scope of application is necessary, and it is a necessary condition to support the smooth operation of the permit and enhance its intrinsic value.

Finally, we can take a look at the community building of the project.

Generally speaking, we can judge the popularity of a project by its social activity. For an ordinary investor, a hot project with a large number of followers will be relatively safer. Since its launch, the NGK project has taken root in more than a dozen countries around the world and has won millions of loyal fans.

On NGK how to distinguish between true and false block chain project is shared here, I hope the above content can be of some help to you, can learn more knowledge. If you think the article is good, you can share it for more people to see.

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