Evaluating Web3 Projects Deep Dive

Evaluating Web3 Projects Deep Dive

Deadline: May 1st 11:00pm IST

About the Bounty

The Web3 ecosystem has experienced a parabolic run in the last couple of years. Both in innovative projects as well as token prices. While this is great for adoption, it often attracts low-effort projects without any core fundamentals.

Having a strong due diligence process to evaluate these projects is essential and can help cut through the noise and allow individuals to make informed decisions while participating in this new world.

CoinDCX is sponsoring a bounty to help retail investors analyse web3 projects and evaluate team performance, core use case, governance, community engagement, tokenomics, & understand security risks before buying into these tokens.

Your Mission: Become an expert on web3 protocol due diligence and help provide a framework to retail investors to make informed decisions. You're welcome to write this review individually or in teams of 2. Bounties will be split among team members.


🥇 First Prize:

  • $700 USDC
  • Syndication in our newsletter and social media
  • Contributor (Level 2) access to Superteam

🥈 Second Prize

  • $200 USDC

🥉 Third Prize

  • $100 USDC

Evaluation Criteria

  • Depth
    • Did you provide a background about web3 and how protocols function?
    • Did you create a framework to help people new to crypto evaluate projects?
    • Did you discuss the importance of tokenomics, community, product use cases, and governance? Did you provide metrics or qualitative factors that people can use to understand the value of the projects?
    • Did you explain your framework with an example or two?
    • Did you include resources for further exploration?
  • Writing Style
    • Did you write a compelling introduction and a satisfying conclusion?
    • Is your writing easy and fun to read?
    • Did you avoid overly complex jargon?
    • Did you explain concepts in a way a person new to crypto could understand?
  • Submission Requirements
    • Did you write your essay in English?
    • Is your submission at least 1,000 words? Note that typical bounty winners are ~2,000 words.
    • Did you submit it before the deadline? Note: there will be no deadline extensions.
    • Did you include links to your sources and references?

Check out previous bounty winners to get a sense of the quality we expect.


Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement. Please be advised that the sponsors will not have time for individualized feedback due to the number of entries we receive.