New Standards for Judging the Pros and Cons of Web 3.0 Projects

Web3 emphasizes democracy. It’s ridiculous that celebrities and celebrity teams are more influential than Web2. How do you judge the quality of the project? Traditional venture capital and stock market valuation methods and data are insufficient to reflect the value of the project, leaving retail investors even more unable to judge. For retail investors, it is still easy to judge a person. It is trust in influence. Suppose a project does not have a white paper. In that case, this type of project does not comply with the principles of cryptocurrency transparency, and retail investors investing in such projects are like gambling.

Cryptocurrency not only changes productivity but also improves production relations. This is the slogan that attracted the author to the field of cryptocurrency. How can to improve production relations? Why do traditional companies lose? These are all inseparable from community factors. Regarding how the community promotes the revolution of production relations, we will introduce the business model of the decentralized standard currency DW20 and the chainless system. There is a simple standard to evaluate whether the cryptocurrency community is effective and whether the project is a Web3 project.

Web3 emphasizes trustlessness, which does not mean that trust is not required but that it places higher requirements on trust, such as machine-level trust. In a world where the devil and hope coexist, obtaining trust is obviously a vital issue, leading to a new trust judgment mechanism that web2 does not have. This article describes the unique trust mechanism of Web3 from four perspectives: initiative trust, community trust, influence trust, and white paper trust.