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It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.
You've hit the nail on the head. In the case of CRW, the thing that is valuing it at $4.5m is that the development team have a good track record in delivering and have worked on some of the more legendary projects in cryptocurrency. Until the platform is delivered investing is just betting that something might be delivered. Once it is delivered, you're taking the risk that it will be a product that people will like and want to use.
Stonehedge
They get good returns from investing in stocks though. Doing it right is hard*, but its way easier than cryptocurrency speculation.
* well, getting rich from it is hard / painful, anyone can track the S&P500
There are plenty of ways you can make big returns if you can be prepared to take the losses; betting on sports for example, spread betting, day trading...
Yeah. It is. Expect the product is really hard to understand. I suspect a lot of people with positions on this stuff don't know what it actually is. I spent a couple of hours getting up to speed yesterday and I still don't know why I'd want to put money in to CRW over Bitcoin - it looks like you are just betting that they'll do something neat with it long term, but there's not much evidence of that now.
It's kinda like consumers putting money in to drug discovery research teams or crowdfunding stuff like microcosm - you have no idea if it's going to work, but if you believe in the team you think there's a chance of it working you might throw something at it and see if it sticks.