Bitcoin Forum

What is mainnet of a project?
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
 

When a project releases its mainnet, it's matured. Before mainnet, that project runs on another blockchain. It's like when you build your own house on your own land vs when you rent a house.

A mainnet is usually followed by a swap. If you forget to swap your tokens within a deadline after mainnet, you may lose them forever. In trading, tokens prices usually surge when it's close to the mainnet day. Below picture clearly describes this:

https://i.imgur.com/mm4X070.jpg

Example of altcoins that launched their mainnets. TRX and BNB. Before, these two were running on Ethereum's blockchain through smart contract and that's why many of the projects before were building their own tokens through the help of Eth's platform. But because of the popularity of these projects and they became successful, they started to launch their own mainnets which means they are no longer part of Ethereum's network. They have their own blockchain and what's good with their progress, they can also now support other projects through their own network.

Most projects that are running on ERC20 smart contract are not on mainnet yet, not until they achieve their aims or become successful enough to build their own separate blockchain and go mainnet

Mind you don't go around looking for projects with upcoming mainnet launch so you can buy and hold hoping for some surge, you can easily get burned

Mainnet can be likened to the blockchain of a particular project. One of the features of Ethereum blockchain is that, it gives new projects an opportunity to launch on its blockchain as a start, developing their products while getting ready to move to their own mainnet or blockchain or still remains on its blockchain if they so wish; this was the case of many projects today who have their own blockchain. Any platform moving to its own mainnet, its token will cease to use the protocol of the previous blockchain it was on (e.g ERC 20) and now uses it own, thus the reason why we see token swapping. Impact of mainnet is that, it gives the platform the opportunity to have control over their ecosystem while stating things that will help them grow. Another is that when mainnet is about to take place the token price will likely pump. In summary, mainnet is all about a project moving from one blockchain to its blockchain.

Let me break it down this way - Simply put, the project/token stops using the "Ox..." address normally associated with ETH. On a deeper explanation - it stops being on the ETH chain, and forms its own blockchain.


Well, apart from the bragging right of having its own blockchain, I really don't see much impact it has on value of projects. I say this because tokens which later had their own mainnets had value already before leaving their parent chain. And in most cases I have seen projects which started on their own mainnet not survive the market. I have a lot of them whose worthless tokens I am still bagholding.

BTW, I hope the OP isn't asking because of the McAfee's token — GHOST, which is expected to have its mainnet this June.

would add that this is valid for ETH tokens only, or ERC20, and other tokens could be launched on different blockchains, there is several on Stellar, Tron, NEO, EOS that are good, and also now BNB has a launchpad that could be used for new projects
indeed Ethereum was a pioneer in the industry and still has most tokens and some are very valuable, like Chainlink at the moment

No big impact on projects because of mainnet launch, very few surge in value because of their upcoming mainnet launch but after that the price goes down again, you want my advice? Forget mainnet and focus more on projects qualities

Mainnet is the first milestone for a coin that is headed towards it's own blockchain. It's easier for project to raise a fund with a popular chain and later swap it to their own coins. This would be the only way forward after collecting funds for such project as they can't be involved in any blockchain based works and improvements unless they have their own chain.

If the project is big enough then mainnet is something that can drive good hype for the project, like I said it depends entirely on how good the project was before the mainnet, price surge will happen, if the project is not good enough it won't make a difference

The mainnet marks the completion of a project. It helps the project operate independently and does not have to rely on the foundations of other projects. Usually the mainnet will help the price of a project soar if the community cares and fomo it, and mark the serious development of projects

Its like a separation from reliance project. If you are an old user or crypto enthusiast, you know that trx and eos are both under the ethereum network then changed to their own blockchain. The advantage of it, is simply making your project more advance and unique. Having own network can be a good improvement cause you dont simply rely on other network just to work out your platform. I likely to commend ethereum for having the backs of those project before launching their own coin. It can also drive the price of the coin up and attracted potential investors.

It's like trying to put Mainnet and use case head to head, we all know for sure that use case will win, why would you want to invest in a coin because of Mainnet? Mainnet has no big impact on project unless it's already a big one, top ten on coinmarketcap maybe? Don't expect this to drive up value, you will be disappointed

That's pretty simple and straightforward explanation regarding mainnet. Giving an example that will make the OP understand easily what mainnet is. you can find more detailed info also on these links-
So when you talk about the impact, it means the dev team of the project managed to achieve their own blockchain and not relying from someone else's network anymore, which is a big achievement in my opinion. Because if the team is not serious with their project, they will not create their own but rather continue to use like for example the eth network, which most of the projects are still relying up until now.

https://academy.binance.com/glossary/mainnet

https://medium.com/okex-blog/what-is-a-mainnet-and-what-would-happen-when-it-is-launched-bd249d6129f7

https://i.postimg.cc/63w05hGD/Screen-Shot-2020-06-02-at-9-07-21-PM.png

Ethereum blockchain that uses identical technology and software as the “Mainnet” Ethereum blockchain. However, whereas the Mainnet network is used for “actual” transactions with “value”, Testnets are used for testing smart contracts and decentralized applications

Mainnet is when a project migrated to it's own blockchain instead of using others, now coming to the impact aspect, first,the project now operates on their own network without relying on other's,
Second, the price of the project will be affected positively, sometimes there Will be so many hype build around a project launching their mainnet  it leads to price increase and other times it doesn't affect the price, in most cases, many people expect project mainnet launch to have a positive impact on price but most times it is always the opposite.

mainnet of a project mean the network from the project is ready to use mate
for example BNB, at the beginning this alt run on ethereum blockchain, but when the mainnet running, now BNB run on its own chain
and the impact is good for the project itself, wich mean after mainnet running the price from the project usually will flying high

Mainnet came from the word "Main Network" this is the simplest explanation. I guess you understand it already now. The impact of a project having a Mainnet launch is usually good. Some projects spike in price when announcing mainnet launch. It shows that they are really serious about their goal and not just tokens on other networks. On ethereum you can easily create a token but having your own coin is much better. Anyways, if a project is on other platform it is called token but if they have their mainnet already they are called coin.

It's better for you to read a picture that already posted by someone. If the price goes down after price and that means the speculators have already started to sell their bag to the market. The speculators will be focusing to bet on the rumour for the launch of mainnet

Mainnet means a project is ready to use their own network or blockchain, majority of the projects in raise through ICO and it's easy for them to create tokens for sale under the ETH network, but as the development matured they create their own network.

some of the successful projects that runs in their own network now are Binance and TRON, I have invested in these projects prior the mainet and I can say I'm one of the lucky investors who enjoyed a decent profit.  

The impact usually is the price will increase due to the hype, but provided it's a popular project.

And to add, there will be increase if they have really good use case in the market. Even if the platform is very noble but getting users is hard, I don't think they will perform good in the market. The use case should be usable by many even non crypto users. In that way, they will create demand for the coin, thus, be valuable in the market.

This is indeed a moment that is always waiting. Especially if the project is good. More and more new users register and use the product, it will enlarge the community. If the products are well integrated, it can increase the demand for the available tokens or coins, so that it can have a positive effect on prices.

If the project completed the mainnet, it means that it is a good and successful project. They have worked hard and created the foundation for their own project. I personally always choose to invest in projects that already have the mainnet because it marks their long-term existence and development.

You mean price pump because of Mainnet? Well it happens like that for some projects but most times Mainnet has no positive impact on price value, any projects that make it to launching Mainnet means the team consist of serious members

Exactly my point! I am bagholding some coins like ONZ and Bitcoinwhite (later Bitwhite) which started out with their own mainnet at launch of the project. Sadly, nothing good came out of those projects. They just died naturally after listing on some low volume exchanges. If they had use cases they would've survived. Utility comes ahead of mainnet, in my opinion.

In testnet developers will be busy trying to make the project gets all the necessary upgrades to become a whole blockchain, meaning the project is still in testing mode, when everything is ready without bugs then the door is opened for Mainnet to be released, Mainnet equals perfected blockchain project, nothing big here

Mainnet is what most developers wanted to achieved creating their own network to work with every transactions that
 they will performed.It's far better to use your own
network instead of using other blockchain system, the good example which already being mentioned are both Binance coin
and TRX coin after using ETH chain they already
 introduce their own mainnet and now enjoying all the transactions without needing to use ETH network and pay
for the gas. Impact always positive since the team
 will enjoy the applied fees to continue improving their system, while with the community it gains more engagement
since they will be working inside the project without
 any influenced of other project.

In Layman's terms, there are basically two versions of a launch. A testnet and a mainnet.
A testnet is when the project is in testing phase.
A mainnet is when the project is officially released to the public.

So if the project has gone mainnet then it has been released officially for public use and you should be able to use it.

OP I hope you aren't expecting price pump because of Mainnet? If that's what you have in mind you need to quit now, many projects that launch Mainnet failed to surge in value, only few projects appreciate a bit and still go down few days later, it's not worth it

Mainnet is what every project is looking for, New projects treat the mainnet as a milestone marking the success of a project. If a project successfully implemented the mainnet, they will get the attention of many investors and their project will be easier to develop than before.