http://www.spacesuitx.org/

If you are Going to the Moon, Bring your Spacesuit

Here is a simple tool called SPACESUIT X for analyzing the investment merits of coins, tokens, ICOs and similar projects.

This tool/project is published under the Creative Commons license and is free and open source. We have tried to make it flexible enough for anyone to use and publish an analysis. Hopefully the tool will be useful to some in the community. You are welcome to use and adapt as you see fit.

What is it?

SPACESUIT X is a rating scale of 0-100 which is based on an acronym for 10 categories that investors / analysts might consider regarding tokens, coins and ICO offerings. The tenth category is “X Factor” which allows analysts to assign their own criteria for evaluation.


HOW DOES IT WORK?

The default value for each category is 10. Analysts score each category on a 0-10 scale with 10 being the highest. For example, if an analyst felt Bitcoin had very good security they might rate it a 9 or higher.

Each category is then added up and totaled. This gives projects a final score of 0-100 with higher scores being better. The default weighting for each category is 10… so 10 points each, 10 categories = 100 total possible points. Analysts who wish to weight a category differently can do so. For example if someone thinks security should be 20% of a project, not only 10% of the analysis they can change the weighting to 20, adjust the others to total 100 and this will be reflected in the other categories and final totals.

Alternatively, analysts can keep the default weighting and apply their own additional screens / metrics. For example: “Use the default weighting of 10 for security but I won’t consider any project which has a security score of less than 7 and an overall score of below 75.”

There is a great deal of flexibility for analysts to adjust the system for their own preferences. For example the section called “Community & Management” only lists criteria which should be considered… this analysis protocol doesn’t make a judgement call on whether something is good or bad, that is up to the individual analyst. So if an analyst strongly prefers open source versus a corporate model they can reflect that in their rating. One analyst might place a heavy importance on a fixed supply, another may rate a coin highly on Accounting & Legal based on the jurisdiction that they are in. This allows each analyst to rate each category based on their own preferences.