Scoring Methodology
Most crypto projects go straight to public markets at the idea stage — skipping the validation gates that traditional startups must pass. We apply those same gates retroactively.
"If this project were pitching a VC today, what funding stage would it qualify for?"
That's the only question we ask. Everything else is noise.
6 Pillars, 100 Total Points
Product & Traction is the heaviest pillar (25%) because in crypto, most projects never ship. A working product with real users is the single strongest signal of viability.
Grade Scale — Anchored to VC Funding Stages
An "A" means the project has the fundamentals of a Series B company — proven product, real revenue, defensible moat. An "F" means no rational investor would write a check at any valuation.
24 Sub-Criteria
Each pillar breaks into 3-4 measurable sub-criteria. Scoring is deterministic — same data always produces the same score.
Problem & Market
20 ptsDoes a specific, verifiable problem exist that this project addresses?
Is the TAM realistic and sourced, not inflated marketing numbers?
Is the market ready now, or is this a "too early" bet?
How crowded is this space? Monopoly vs. commodity?
Product & Traction
25 ptsMainnet live? Testnet? Whitepaper only?
DAU/MAU, TVL, tx count, fee revenue — real usage?
90-day trend in key metrics — growing or flatlined?
dApps, partnerships, integrations — network density?
Team & Execution
15 ptsFully doxxed / pseudonymous with reputation / anonymous?
Prior successes or relevant industry experience?
Roadmap execution rate — do they ship what they promise?
Growing? Engineering-heavy or marketing-heavy?
Tokenomics & Treasury
15 ptsFixed cap vs inflationary? Burns? Reasonable economics?
Insider allocation <20%? Community >50%?
Cliff/vesting? Major unlocks pending that could dump?
Runway? Diversified or all-in on own token?
Technology & Moat
15 ptsNovel approach or "yet another L1/DEX/lending protocol"?
Fully open / partial / closed source?
Audited by reputable firms? Bug bounty program?
Switching costs, composability, developer lock-in?
Risk & Governance
10 ptsSecurities risk? Jurisdiction exposure? SEC notices?
Validator distribution, admin keys, multisig governance?
Upgradeable proxies? Unverified contracts?
Active lawsuits, SEC notices, exploit history?
Data Sources & Transparency
We show our work. Every score is traceable to specific data points.
Automated (API-Driven)
Refreshed quarterly
- Price, market cap, volume, supply — CoinGecko
- Total Value Locked (TVL) — DefiLlama
- Protocol fees (30d) — DefiLlama Fees API
- Developer activity (commits, contributors, stars) — CoinGecko
- Token supply, inflation, staking yield — CoinGecko
Qualitative (Human-Reviewed)
Updated per assessment
- Team identity & track record — public sources, LinkedIn
- Problem clarity & timing — whitepapers, founder interviews
- Audit reports & security posture — published audits, bug bounties
- Regulatory status — SEC filings, jurisdiction analysis
- Network effects & moat — ecosystem mapping, switching cost analysis
What We Never Use
Excluded by design
- Social media hype or influencer endorsements
- Price predictions or target prices
- Paid promotions or sponsored research
- Anonymous tips or insider information
- Community polls or token holder voting
See the scores in action
Browse all scored projects and see how VC-grade rigor separates signal from noise.
View all project scores →The Anny Confidence Score is for educational and informational purposes only — not financial advice and not investment advice. Past performance does not indicate future results. Scores reflect project fundamentals at the time of assessment and may become stale as conditions change. Anny is an AI-powered analytics platform, not a registered investment adviser. Crypto assets are volatile and you can lose your entire investment. Always do your own research before making any investment decisions.
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