The investor boundary
Before you inspect the coin, define what you are actually being asked to underwrite.
The thesis
An investor is not buying a story. An investor is evaluating a claim about future resources, rights, risks, and evidence. In this course, Mincoin is a proposed funding mechanism for bringing human help into a useful project. That is a mechanism to interrogate, not a recommendation to purchase.
Five things that must not collapse
Keep these separate: a project idea; a contribution; a work receipt; a token or unit; and a financial return. A page can display one while none of the others exists.
The first question
What changes in the world if this project receives help? If the answer is only “the token becomes more valuable,” the mechanism has become circular.
Do the work
Write one sentence naming the human-help problem, the proposed project, and the first observable change. Do not mention price.
This lesson is a case-study instrument. It is not individualized financial advice and does not create an offer, security, token, entitlement, or payment obligation.