No matter who you are, it’s hard to decipher between projects that are game-changing and those that are problematic, questionable, and scammy money-grabs.
While running the benjaCoin ICO this summer, I was eager to share the experience especially as it related to the topics of governance and regulation. Tens of thousands of people read The SEC Called About Our ICO, I Answered, and it wasn’t long before I was invited to be an advisor on a number of projects.
At first, I was hesitant. I weighed a lot of different questions, the most important of which were these: how do I choose which projects to work on, and what value can I offer? These are not easy questions to answer. I asked to read white papers, I had coffee with founders, and I entertained different levels of involvement.
The purpose of this post is to share why, what I found in the projects I work with today, and what value I’m delivering. I hope this serves as a data-point for advisors and token-issuers alike as they consider advisory relationships.
My four commandments of crypto advising:
My name is Andrew J. Chapin — I’m a co-founder of Benja, the merchandise ad network.