Bitcoin Forum

I can't wait to be a part of a crypto space where each project is unique on its own. There is nothing so special about 'use case' if it's not unique. It's becoming boring having too many projects trying to solve the same problem with almost the same approach. You don't need to struggle to attract the attention of the community if you really have something unique to offer. Mind you, uniqueness naturally attracts adoption. A piece of advice to developer, be unique.

How unique do you want? With so many projects out already you cant really say how good those concept and some are just a copy of previous projects. Investors pick usually depend on quality or speed of the platform. For example the project is about gambling, then it work so fast without much error, then some users will like it. Use cases is important on a blockchain project, lending and loan are also becoming a trend so we can compare if your platform itself is working.

Put money only on quality projects and dont waste time on old trick of new projects that are out.

These days almost all the projects are scam or have a sense of making money only rather than developing an interesting project. Very few projects come with usecase and they most fail eventually. For example mb8coin promised to have an environment where people can purchase anything on their platform with mb8coin but later, they said people can pay half through mb8coin. Who would be interested to pay half with paypal (example) and half with crypto? No one. So, they damaged the project and their promised roadmap. I don't know the currenr situation though. It has been a while I have seen a good project out there.

Think of it this way, when they are all bulding towards same objective, there will be more competition and with that they have to bring their a-game and more quality. Only the best ones will remain in the end. Hopefully.. Unless bloody VHS wins again.

I would like if you can add transparency in between your points, the problem is not just about repetitive ideas but scammers who want to take people's money and run away, some repetitive projects still comes and beat the old projects with same idea, scammers are the main enemies of crypto getting advance

With hundreds of new projects and startups popping out of nowhere every day, it can't be helped that there will be similarities with the ideas and "use cases".
These ideas and "use cases" might even be only redundant because the previous projects or startups that have tried using it failed to accomplish their goals.
Also, having a competition isn't a bad thing at all. This helps current and future projects or startups to strive better than their competitors thus resulting to a much better outcome.

Unique projects with problem solving applications and those that help the community in some way is the need of the hour especially those with good development, user friendly interface and low service charges, we can see market stats that only such projects are gaining momentum and price gain when most other are struggling to even stabilize the price.

It's true that there are so many projects which are trying to solve the same problem in this current market. But it's also required that there must be one or two opponents to have some compitions who will make the invention first and introduce to the world. Imagine a crypto-world where only one project will solve one problem and the team show their best at the beginning. Later on, they don't care for the inventions or upgrade the products of the projects and they could be vanish without any news/updates. But there maybe a low chance of it if there are some competitors. Also it's not suitable for having so many projects on same concept. In the end, it's only matter on the progress/productivity of a projects, but maybe not on having the same concepts, IMO.  :D

Great advice and I hope that this will hit the advisers, developers and other project makers. Because, we always get the taste of different projects and ideas that we are all tired of hearing, reading and investing. There's nothing new anymore with them and most of them keeps recycling the ideas that has been made and advertised before. It's true that if they create something new and unique, they will not struggle to get the support of the majority.

You can't predict which project will survive two years later or more, instead of taking unnecessary risks it's safer to invest only what you can afford to lose, whatever happens it won't get you burnt

It can also be said that the altcoin market is really clogged with useless projects and tokens that offer nothing but simply to make money to the people behind it. And this is the main reason why altcoin market is not really taking off and we might not see the same hype as the 2017 boom. Investors getting smart and really dissecting every project and it they found a flaw like it's nothing new at all, that project will not be supported or if it did, this will be used for pure pump and dump scheme only.

It's good to have new projects having unique ideas and solving some shortfalls rather than new projects fighting over the same use case. But even the old projects that promised to solve a problem was not able to deliver on their promise. So it's no surprise that the new projects are also trying to solve the same problem which has not been solved efficiently yet by the older projects.

You see, there is the use case, and their is the market. Blockchain can be applied to every use case possible but what is the demand for such use case? As a developer, you are not only creating a solution to solve a problem, you gotta look at the business part of it. What you are bringing to the market must be what the people want and can attract a userbase enough to attract investments.

And believe me, not all under cases attract the right number of user base. Users is what makes projects grow into business.

Though uniqueness can be a factor to attract investors, It all depends on how well the system works. If the developers itself are inexperienced or incompetent, it'll still fall into a failure after delivering a half-baked goods. Unique doesn't mean it's already good. Nevertheless, I'd like to see some unique projects from time to time as the market is just flooded with copied concept from another project.

On This issue of unique use case, it will take a while because it looks like it is becoming a normal thing for a project to copy others idea and start seeking for funds, this issue is becoming so rampant to the extent projects now copy others whitepaper. Also, just like rightly stated, good projects attracts massive attention on their own because those investing knows there is something to benefit from the project hence the reason we see a newly listed project doing wonderfully well on exchanges. Lastly, with this issue of lack of unique use case becoming too much, holding new altcoins now is very risky because once the team succeeds in getting funds a majority of them ends up becoming nonchalant.

When lots of useless coins have already arrived in the market. Then crypto community takes time to believe in a good project. Because of the scam project, everyone now pays a little more attention to the new project. The amount of scam projects has increased so much that people are no longer interested in investing. There are many unique idea projects in the market which are also doing good development but they are not getting good support from the community.

In 2013 and before there was million bitcoin clones. few things was tweaked but in general was no different then Bitcoin. Four years latter they discovered that if they fork Bitcoin then you also inherit all Bitcoin holders. If we cut out all those coins and all tokens we get low amount of coins left.

Crypto -  currency which is ther term we are using, currency should be usable for every kind of purchase so people won't be having any complications while spending so I feel uniqueness should not be on use case it should be on how we can use it like how easy to transfer, how speed we can get confirmations.

What is unique today will not be unique tomorrow which is why scam projects are always the same. DEFI projects seem to be few these days but give it time like a couple of months from now we'd see bounty campaigns of Defi projects in every signature. And then we can therefore see that nothing will be unique because some of them will actually turn out to be real projects when a scam team gets funded.

Well let's hope our developers can keep this at the back of their minds when creating or launching a project, I believe there are other aspects in life that needs to be tokenized which has not been taped yet, I totally agree with being unique because lately there are many similar projects struggling to solve same problem, and this making it difficult for investors, even the project don't get the support because of this.

I feel being unique is  being able to achieve your goal. If majority of project can be goal driven , crypto will have passed this stage. Alot of project start well but they later get exposed and then the money get into their head and will now become their focus instead of the purpose of project creation. This is why good project don't end well.

You can check IDENA this is probably the most unique project I've seen for a long time, that is why they are easily adopted by many people, so many projects are just copy paste of the old projects, and if you are not into checking projects you will be trap promoting or investing in these old useless project.

I also hope that the developer will give something unique to the community not only to join in for the sake of competing with the same project, it would be great to have a different but unique project on a cryptocurrency.
moreover, their project linkages with those in real life are not only digital. we can only wait for smart people to innovate in the future.

Aside from that it is boring, it will also be dispose in the long run will become useless. Uniqueness, useful objectives and useful products. Those are the things we shall find in one particular project. Not just because of the hype but with its purpose and product. If it will become useful in crypto industry, there will be a high chance of survival in the market.

 I believe some of those projects having the same use cases come as a way of filling  a gap left by the previous project which had the same use case. for instance we have so many projects coming up with different crypto wallets , this is not bad in my opinion because we need a lot of wallets to choose the best . And when there is competition developers who are serious will sit up and improve on their project.

Each project has their own wallets made if they don't rely on Ethereum network as an ERC20 token so they have to make their own wallet. That's why we see projects have different wallet addresses while for the others, we see requiring Ethereum address because they're on the Ethereum blockchain. And for the use case, nothing unique for most of them.

unfortunately the word copy/paste is engraved on the heads of hundreds of people in the world of cryptocurrencies and most of the time people in the crypto world become the devil themselves because they want to make money, for example:

What the hell does someone create altcoin called coronavirus?

let's be honest here, who can be so cruel as to create altcoin with the name of coronavirus?

we are at an unacceptable level

I totally agree with you, once a crypto project is unique, it will attract investors without struggle, because the investors investing, are doing so not because of hype but because of the problems the project will be solving thus having the potential of making the token valuable. But nowadays, the reverse is the case, as if having many projects trying to solve a particular issue isn't enough, some new projects now go as far as copying others whitepaper. Now a project copying whitepaper, what will such project solve? Nothing. Indeed it's boring and that's also why major projects with unique ideas are still leading.

people who want to attract naive users that are willing to shell out money. but if they will launch that project in the forum, the chance that they will find themselves in the scam accusations board is high. scam busters will find a way how to bust them early. forum users here are smart enough when it comes to project like this. maybe they can still deceive some, but maybe noobs only.
 how on earth are you going to support a coronavirus-related project with anon team? better help yourself instead of sending money to these scammers!

We don't live in a perfect world, there is always going to be two sides so you can appreciate the other one.

Innovations of ideas is good but if ideas that need improvement which are not unique or already existing needs to innovate as well, more project copy other projects ideas but deliver much more better, Unique ideas and development is interesting tho.

Read about startups, most often they are unique projects, and most often they are unnecessary, so uniqueness is not always good.

So if someone thinks a lot and come up with a unique idea will you invest in it ? The idea may be unique but he/team may not be serious in implementing that idea. Its easy to develop idea in theory and releasing a coin based upon that new idea. If you want to invest in any project, it better to check the project as an whole and not necessary look for unique idea only. Some projects with old ideas can be worthy too.

something unique and different ??

like I've found it ,,, altcoin or crypto that can mine without using GPU or similar hardware, only using the internet network to validate blocks in the blockchain network.

the system for getting the rewad is also different from other altcoins, using the Proof of Person system, each account is required to attend a validation event to prove that the account is a human, not a robot or the like, and get rewad of several coins and upgared ranks if successful validation.

if you are interested in more details about what I am talking about you can use the word "IDENA, PROOF OF PERSON" to search for it.

It's hard to create a unique concept or algo now, but if you have a very good reputation and you have the funds to do it, you can launch a start-up, so far the only project that I've seen that has a unique concept in mining is IDENA it works like a stake mining but you need to validate first before you can mine it.

Don't need to be unique, apply high trust, real projects, make sense, trustworthy and authentic, don't just make false promises, if the project really benefits its members, there must be many communities lining up to be able to participate in the project