How Does a ‘Testnet’ Launch Milestone Impact a Project’s Valuation?

A testnet launch is a significant technical milestone, providing the first public, working version of the blockchain for testing. It validates the team's ability to execute the core technology and allows developers to build applications.

This tangible progress significantly increases investor confidence, often leading to a positive re-rating and increase in the project's valuation.

How Is Transaction Throughput (TPS) Measured and Validated in a PoC?
How Do Existing Financial Reporting Standards Influence Investor Confidence in a Reverse ICO?
How Does the Perceived Security of a Network (Related to Difficulty) Influence Investor Confidence?
What Is the Difference between Time-Based and Milestone-Based Vesting?
What Is the Role of a “Testnet” in Validating a Blockchain PoC?
How Does a ‘Smart Contract Escrow’ Facilitate Milestone-Based Vesting?
How Does the Presence of a ‘Minimum Viable Product’ (MVP) Reduce Technical Risk for a Project?
How Does the Roadmap in a Whitepaper Relate to Project Valuation?