Bitcoin Forum

At this point you are the creator and beneficiary of this token, what will you do?

I’d probably suggest to do better in marketing. One of the things you want to do is to increase demand. Hype up your own token. Get people talking even if you have to pay those people. A token’s price can increase with the help of speculation alone. Promote your project and plaster it everywhere in different social media platforms.

There's been too much competition between new coin projects and before a developer comes up with a coin project, marketing strategies should have been set in place with a demand of having much strategies on reserve Incase the audience doesn't feel comfortable with the current trends then you release other means to attract more adoptors as a logic to validate your marketing strategies. It's all about hyping which you need to enhance your marketing strategies when the token is depreciating.

Most tokens nowadays doesn’t last longer for several reasons, the team behind the token is more responsibly for the future and the price than the community and holders. If the token could build a strong community using good marketing techniques and new features different than other similar projects in the market.

When the price starts to fall, if I was the owner or a team member, I would start a program for staking with high interest, create more features for that token, events and collaborations with other successful projects. More investors and people knowing the token will save your project, then the next phase is to make your investors stay for long period without selling.

looking for investors and buying back tokens to increase their prices. this method is commonly used by companies that want to save their stocks from falling prices, and it is common in the crypto world. by doing a buyback, not only can i save the token, but it will also attract more people to reinvest in the token, and it will increase its value slowly.

but to do this is not easy, because as a creator i need to attract investors to get fresh funds or i need to sell other assets and then allocate the money to do a buyback, and it is not 100% successful in increasing the token price because the token price could drop again. but at least that's the best way I can think of.

Maybe this topic should be moved to the Altcoin Discussion forum.
Here's what I would do:
Burn 50% of the tokens to reduce supply and the amount of tokens in circulation. This is the first thing to do, if the price keeps dropping.
Create an actual utility for the token. Make it useful for the people, who purchase it. Do you plan to use the token as an in-game currency in a gaming platform?
Investing in marketing and promotion is a must, but without any real utility, the token will become worthless in the long run.
OP, your username sounds like the name of a GameFi project? Is that true? Why don't you tell us more about your project?

Well, ideally you need to encourage people to buy it and use it. That could be done with special offers on something if people get the coins, good interest rates for people holding the coins. It really depends on what kind of coin you have and how decentralized it is. Some coins allow burning extra supply, which can also be a useful option. Some are PoS coins, so there's already an incentive to hodl.
But also, the time of tokens is largely over, as many realized that there's too much scam and too much uselessness.
So I'd cut losses and sell for Bitcoin.

There are still a lot of ways to save your token in case that it is failing. One is look for partnerships that can help you fund for more improvements in your token. This can also give more exposure to your token. Another way is to keep engaging your community (if there is any) and making sure everything is communicated well. This can build trust among you and your investors which would really make a difference.

Advertise it as a meme coin. You don't need to change the name, just change the website, make it look like one from 90s, make a catchy icon, give time creating the icon and have some 1minute doodles relating to the icon and write a whitepaper like a 10 year old kid. It don't need to prove anything. You don't even need tokenomics, just tell it's a memecoin. No one need to know when the token was issued. Have contest/giveaway in X (Twitter) where you reward 10 users with some of your tokens, it don't even have to be $10 worth. Run a bounty without value in dollars, just say you're soon going to be listed on a centralized exchange. Strike a partnership with another failing token and boast about it on x and on telegram.

First you find the altcoin section of the forum not Bitcoin, not knowing the difference will make things considerably harder to progress.   The beneficiary of any blockchain should be the people the users who bother to get involved not the creator, if we are in the Bitcoin section then take the history of the first blockchain to heart by following Satoshi's example.

Dont try to make the token about yourself, you will only really succeed if people believe the creation has a wider purpose but first you will face a thousand tests and doubts.

Lots of factors at hand really, and even then a lot of it depends on what type of coin you're trying to sell to the people. Are you selling a shitcoin/memecoin? Are you selling a crypto with short-sighted use-case? A protocol coin? All of this will be very important into figuring out why people don't want your shit. But here's a couple of things that you really should look into when you start selling your coin, or as soon as you see a massive and/or consistent decline in the interest of people towards your crypto.

First off, as many people here have already pointed out, you need to figure out what type of marketing works best for your crypto, and that includes getting it into the right people as well, those that will be more interested into buying your coin more than any other people. Social media's been so powerful these years that you can do all of this in a snap of a finger, in the very same platform you're advertising your cryptocurrency. Figure out how that works and when you play your shit right, you should see a shoot up in cryptobro interest once again.

Another thing you should look for is the density and quality of the use-cases you're trying to sell. Are you looking to revolutionize the industry? Or are you going to be yet another crypto shitcoin project with a tradable NFT system to be implemented in the future? People are becoming smarter nowadays and are not willing to settle for less anymore, reinvent how you want to serve your people and you should see a recovery.

Of course it will be better marketing strategies. Competition is always expected and your role as project manager or owner is to create your own edge over other projects on the same line. You could maximize different social media platforms, check on what's on trend, and more. If you are really eager to save your project you have to be consistent of what you are doing. It would be fine to sometimes have doubts but keep in mind that you already have started something and be it on your mindset that the only way out is to succeed and make your project be known. The journey won't be easy; it is not a hidden fact that nee projects are the ones which struggle the most establishing its name in the industry. Set a long term goal and it will be felt by the supporters of your project.

Just like with the typical sales industry, you could scale the project with advertisements, partnerships, and the likes. Be not afraid to spend for your token's growth because it will be giving you more than what you paid for.

To be able to burn 50% of the tokens, you need to spend a huge amount of money to buy back the amount of tokens circulating on the market , and no project has done this before.
I remember after Luna was dumped, Dokwon came up with a solution, instead of buying back a large number of tokens, they continued to print more tokens to continue selling to the market to collect a large amount of money  ;D ;D ;D . Buying back tokens and burning them is not as easy as you say.

To do this , in addition to needing money, you will also need a lot of time and effort .


And to do all this you need a huge amount of money and I don't think anyone will spend that amount of money to save the project but there are no guarantees . What I see with altcoin projects today is that they will change their name , change their charts ,  or worse, they will abandon the project and create another one .

I think if there is an initiative like yours, the growth of this coin will be very fast. In fact, this is what the holders need and need, where a sense of confidence in the development and growth of their investments will quickly produce results. It would be a shame if we came to buy their products if there was no development initiative..

To save your token from falling to the bottom is to give people a reason to invest in it, so you have to restrategize your marketing skills, get more people to know about it and you can do this by putting it on social media, get influencers to hype it. You also need to increase your community base, motivate them to give positive feedback about the project, from there on investors can be attracted to your token. Cryptocurrency follows the economic principle of demand and supply, so you should focus on any feasible strategy that can increase the demand of your token for it to remain relevant in the crypto market.

I think this topic is very specific to the discussion in the altcoin thread.

You must clarify the description in the topic created because the discussion above is very general so we cannot provide the right solution. If you hold top tokens then it is wise to keep holding them until the token price can recover to a higher price, but you must ensure every update on the media social x and telegram, because the risk of holding tokens can result in a scam at any time when some professional users check the details of the project development flow and there is a change in the token address that is detrimental to investors.

If you are the creator of the token, here's what you should do,

1. Burn a large amount of supply to create scarcity.
2. Run marketing campaigns. You should already have a budget for this.
3. Offer buy back from the end users at a pre-decided price to reduce supply. However, be very careful here and ensure to add a minimum holding period criteria before the coin becomes eligible for buy back.
4. Work on getting your token listed on more reputable exchanges to increase liquidity and accessibility.
5. Offer incentives for community engagement such as staking rewards, airdrops, or participation in other activities suitable to your need.

Hope this helps!

I will look for a means to finance it and quickly get more investors to invest and maintain the market running, because the more people are taking off their investment on it the lower its value becomes as well as its chances for survival, after this, then i will try introduce more marketing strategies and if possible, engage more exchange listing on the token, all these could help increase its market potential for increasing more for better performance.

If you are the dev/creator and you have those question on why your coin is going down? Then it would really be having that possible ff reasons;

1. Lack of marketing
2. Lack of Hype
3. Lack of demand of the community
4. Snipers
5. FUD

If you have done everything like having those burning or renounced contract. You dont have so much coins in hold but still the price is dumping then
this is something which is really that very hard to be controlled on, because it will really be not something that you can be able to stop or could be able to alter.
If your coin wont really be getting that much traction and been dumped down specially with those snipers then there's nothing you can do
not unless if there would be some whales that will be able to revive it out.

As a dev, active marketing and other further developments would be something that you would be need to showcase on. You might be able to
hook up that community interest but of course its not something that would be a guarantee.

To be fair I do not think that there is much to save a token from falling if it's gone too low. The thing about tokens is that people usually hype them up and go high, which is lovely but when something starts to fall, people leave and pick something else, they do not go back and keep checking their old token, if they sell and leave then they sell and leave, there is nothing that would make them do anything else.

I think it is quite obvious that we are going to make some money from this situation and that is why I believe that the best thing to do would be realizing that we are going to be doing fine with it. I get that we are going to end up with something that should be easy to fix if we could just not fall at the first place and just try to keep staying high.

As an investor, it is not your job to save a coin or token. You might be told early in life, or at least when you get into a job environment that is related to it - never try to catch a falling knife, as you are likely to hurt yourself in the process. Let it fall and then you can decide what to do afterwards. If you are the creator of the coin with some sort of end objective, then cashing out should be part of your plan because you ultimately need to convert into fiat currency to eat. However you must identify some sort of unique selling point, otherwise it is liable to get swamped by all the other cookie cutter clones out there. Do not be ashamed to abandon weak projects and move on to something else is good entrepreneurial advice.

Encourage sounds like we are trying hard. IDK but I have a negative feeling with this one. For me, I think I will just promote it the normal and humble way, as I think that is the one that makes people to like it. Each people has their own liking but since we are in crypto, I think yeah that people will like it more if our coin has a good level of decentralization.

This should be the main base of it and then the rest will be, if what it offers or use case. If the coin is centralized, then it can have those features you mentioned there. They only have that, so that they still can attract people to invest on them. A lot of scam projects are also from this category, so we must be careful, especially if we are going to stake them.

perhaps by promoting re-coins, so that they are better known by the public, improving coin education for beginners, and perhaps the last way is by burning coins to reduce circulation and see a reduction in sulpay, because by burning investors are usually attracted to making investments,

depends on which coin if you make a coin that presents product, you should be better working on it to be better, present more feature or innovation even the gimmicky ones for example if you make a interoperability protocol like layerzero then you just do what the competition can't do.
if you are making shitcoin or meme coin in general on the other hand, well most of these coins just gonna fail anyway, without the support of big famous figure your shitcoin probably gonna stay shit coin.

however, most of the new token that are being launched right now usually seeks partnership, its the thing that's most important these days you try to get seed funding and get to know some of the potential future partner for your project like for example you can always try to work with the big exchange, most of the new token i know always trying to get their coin listed at the cost of allocating certain percent of total supply for launchpool in various exchange that way they can get the benefit of exposure to the billions of capital available in the market so their project can thrive.

however only really small amount of project could do that, of course it requires competency, connection and good background that made up the team, the people who invests aren't playing around when it comes to investing. the situation of nowaday is really different to back then where marketing can helps your project being known by people.
right now people prefers legitimacy, if a project having partnership with the big player they'd almost instantly recognize the project as a legitimate and if you observe the market carefully you can easily figure out that most of the coin that reached hundred of millions dollar market cap if not more are the project that got partnership and get big seed funding.

even if your token is already launched and already on the exchange but keeps failing i think having partnership is still the way to go.

The price of every token is controlled by the buy and selling, so my first step would be to increase the number of those who would believe in the project then have the choice of investing in them which means I have to make things about the project more appreciated by investors especially to those who will invest very hugely. Burning and locking up of some percentage of the total supply will be an interesting way to sustain a good project with enough potential.

This question is not appropriate here because most people here are just investors, no one here is a project developer. Not to mention, the investor's purpose and the developer's purpose are completely different. If you are really serious about your project then obviously what you are looking for is a long-term strategy and making your project popular and widely used. But for the investors here who just want to make money quickly and will leave the project after making a profit, no one wants to stay long or support the development of the project to the end. And you can't blame people for this either because everyone knows that besides bitcoin, there is no reliable project for long-term investment in this market. So I don't think you will find the answer you need here.

I'm not advising you to abandon your project, but what I see is that developers will abandon their project and create a new one, and that's what often happens in the market. And that is also the reason why investors often do not have great faith in altcoin projects.

creat a token with a use case that fit to the need of the people, because if your tokens is useful the demand will increase and it will make the price rise and not to fall. For example is the play to earn gaming projects many young people are now involved in different gaming apps they are addicted to play on it because they will earn while doing games it fits the new generation with new technology including laptop and cellphones this type of project will surely become profitable depending on how you develope and do marketing strategy.

Depends on the purpose but if I am the creator of it, I want it to stay for a long and everyone will be able to use it. So, going back to basics it includes the fulfillment of what's written in the road map, white paper, and as well as with marketing on its side.

From what I have seen with other developers, if their project is in danger. What they're doing is burning a lot of its supply, going on with partnerships and having more exposure through media so that many will see what their project is.

And going back to myself being an owner of it, well, I don't know if I'll be able to fulfill all of that. It's not easy at all to get into these projects and have yourself get an headache on maintaining and promoting it.

If you are the developer or at least involved in a big role like CEO, most likely I will like,

>> hire a marketing team to promote your project
>> have bounty or signature campaign here
>> hire crypto influencer
>> be active in your social media account, it should be official and make the announcement
>> of course, developed it more to cater for crypto enthusiast and see value in the project itself

And it just shows that it's easy to create a project, but to maintain it and have the necessary support or consensus of the community? it's going to be very hard.

Exactly, if you are the owner and you think the project you created is something that can be useful then you will try all your resources to attract investors to support your project.

The life of the coin is in you, finding what is best will begin at you and it's true that most of those developers resort their way in burning the token
and bring more exposures,

as long as you believe that there's a good use of token you must do whatever way you have to continue the progress
and deliver what you wrote inside the road map.

You need to build a strong, solid community and investors to back your coin to your desired trend. I usually saw this kind of thing in pre-market trades where tokens struggle to go up some of them might fail and few will hold on until success but that's not that easy. Just do your thing and build trust with investors.

I would cut loss if I am an investor, but if I am the creator I would try to build a stronger community to make the price stable, make promotion or publicity as well as make sure that the project has a purpose so that the investor would surely come.

Large capital, establishing relationships with several wallet Dapps, carrying out promotions by launching airdrop events, staking programs that generate points, attracting large investors to make transactions and much more. Because what I noticed today's crypto projects, especially Layer2, require users to do farming or retro before launch. So basically large funding through structured stages will have a positive impact on a project and most importantly you must really be able to establish good relationships with the community both pre-launch and after by providing incentives. And what's more, the team behind this project is a team of professionals who already have experience in their respective fields.

It depend on the type of he tokem/coin you are talking about. If you are a creator of a coin or a token with valuable mission and vision, you need marketing to push it but how they grow depend on how valuable the project is to people. If you create something that is unique and demanding, you don't even need to spend money on marketing that much, what you need is more adoption and partnerships with other projects that are already in the game, if you have something valuable they can gain, they will grow with you.

However, if you are the type of token the crypto environment has turned into, I mean the meme tokens, then I don't know what to say, just continue the lies as you started from the beginning because they don't have anything special to offer other than to lie to their followers and promised kinds of impossible things and once their bags are pump, they dump their bags and move to the next one.

My suggestion is that maybe this discussion is not too suitable to be placed in the economy and would be better placed in the altcoin section.

For the topic of tokens, of course we have to look at several related projects in the end because after all this is important considering the current situation we actually understand that in the end with the current scheme of things projects or tokens are almost every day popping up and what I feel the situation remains the same where only one of the many existing ones might be worth it to be a benefit for us so it is difficult to find that in the current conditions where we certainly see a lot of tokens or coins that are carelessly made in the end die because they don't have anything interesting in them.

Actually, there is nothing that can be done because even they as developers know something like this will happen but they still make this in the hope that there is a profit that can be obtained later and indeed this method continues to repeat so I don't think we can do much for this kind of thing.

You’ll have to do the same thing you would do if a company you’re managing is falling. Managing a crypto project isn’t so different to me. First, I’d say you figure out why it’s falling, is there something you have implemented that is making people lose faith in the project? When you figure this out, you have to think of different strategies to fix it. If maybe you didn’t go anything wrong and the project is falling anyways, you have to be open minded and look at new ideas which you can implement to build trust. Because people don’t invest in projects without them trusting that they will make money from it. And when it starts falling, you’ve done something for which they are losing trust/confidence.

Nowadays, if you yourself are the developer or creator of the token, and if the coin you made is falling, it means that there is something wrong with what you are doing, because if you really want your token not to fall, you will find a way to maintain the nice community you have established in the field of cryptocurrency, right?

That's what others are doing; you need to be more strategic in marketing, and you need to be closer to the communities you have; make them feel that they need the token that you have, and they should see it as potential in the future, as well as what other tokens are doing in this industry.

That's what most of the developers do, they're trying everything to save their project and even asks help to other projects for any collaboration. Because that's how it works for most of them. They collab for the news that they can bring and make the project pump through it.

Otherwise, it's not just a simple collaboration for the token but for the actual use case which is even better and have a stronger long term for the token/project.

If token burning doesn't work, if partnerships and collaboration doesn't work. But if you are believing to your craft and goal of the project then just keep on doing it and proceed to what you just have to do.

There's no saving needed, you're not a whale investor after all and the only thing that you can do in that situation would be to get your money out and cut your losses while you still can, save yourself first before the token, there's no way that you'd be able to save it anyway because when people starts to see the price dipping on that token, their minds are thinking of getting out right now of that market as quickly as possible to avoid more losses so even if you save it by injecting more money into the market of that token, it would be a sunk cost because you're basically paying for the others just to get their money out of that token. Maybe a token burning is due for that one just like what @sunsilk has said, less supply means that the value will eventually go up because there's bound to be more people that will want it and then the price pump will go up to the point that it will recover it's stable price again.

if I am the recipient I will keep it in my wallet (if it doesn't have a price), but if it is possible to sell it I will sell it because it is not recommended to hold new altcoins for too long. however if I were a maker I would create hype and offer the highest possible utility. Hype can be obtained by creating a large community, and a large community can be obtained through airdrops and bounties. high utility will maintain the price of the token in the long term. Apart from that to maintain prices I will burn tokens, buyback, and give rewards to holders (staking).

There is nothing that can be done if investors decided to dump the coin and the price keeps falling. The only up option here is to buy back the token which could make the price stable but may take a long time for the price to recover from the bear trend. This has happened to many devs in the crypto market and what they could do is to buy back the dumped token so that the price can start going bull investors comes back to the project and buy them.
Marketing is one of the ways we can increase the numbers if investors of a token and keep the price going bull as more investors comes in to buy it.

It depends, if they're really worth the saving, I'd say that token burning is the most efficient way that you can do it because if there's a demand for token but there's so much supply right now, it's probably going go down in prices no matter what you do so what you can do to keep the prices up is to burn a lot of the total supply so with a pumping demand, the supply becomes limited, this kind of thing is especially useful against tokens that doesn't have an established finite supply because you can burn as much as you want from it and you'd do fine. In the case that it's not worth saving, I'd say that you'd probably be better off selling all of your tokens and finding a new one.

Yes, you are right there, and then it probably also depends on the token to see if it really has the potential to provide good benefits to those who will hold it. If there are market innovations that are called for sure, the previous communities in the field of crypto space will not let go.

But if they don't really see development and innovation, the communities will probably leave it little by little. If there are no marketing plans for the future, the price value of that token will really fall. We should observe what other token projects are doing in their marketing scheme development; others who just copy and revise a little will be fine right away.

Indeed, we need to promote properly and expand our channel so that it reaches different people, most of them really invest in their promotions and hire famous and well known people to be their endorsers. Since there is a lot of competition in this, we need to think of an effective and best strategic way to better recognize the coin we are endorsing.

As for coins, just support Bitcoin and some others if you can't forget some of the ones you think are good because they have become coins now too. But when it comes to tokens, of course everyone has to use analysis and time to look at and study them carefully so that they don't make the wrong choice even though the promotions that have been made by the token owner have become extremely widespread at the moment. Because we as users and savers also have a goal that must not be forgotten, namely the profits and benefits so that we don't feel like we are losing out by keeping a product.

If it's falling that means it doesn't have or solve a real life problem. If it has value it will always be in demand and it's value will be sustained. Secondly it could be that there is a competition and the other alternatives are providing more and efficient services more than your company so you have to wake up and set the priorities right. Make everything functional and user friendly. You should also try looking at your public relation channels, keep your community updated about the activities of the company, update your roadmap and deliver according to the road map. Integrate latest technologies in your platform to keep being in demand. Look for better ways to keep giving your users something to look up to, it could be incentives and many more.

The problem with development and innovation making it go higher would be that if it's too late then it may not help. If you constantly have a new thing every month then yeah that's great and should keep you high, unless something bad happens of course.

However, if you make nothing for a year, and then do something great, most people are already gone and the token price crashed and that's the issue, I do not think that it will get anywhere outside of that, we should probably just consider that as a problem. I think it's quite foolish to have this kind of thing, it would make a lot more sense if we knew what we were doing and not really have any big issues, because in the end, we are talking about a deal where it is not that simple if devs are not around.

i'd stop dumping my stash if i wanted to save it. but seeing all will be dumping as well, i guess i would have to dump it all. sadly i'm no creator of any token.

the teams i believe are also among those whales who trade in spot market on long-term tf. more likely at the peak of bullrun and the bottom of bear market. so they know all these since they are also hiring pro traders. they only release updates when bull market is about to commence and after they buy back their stash.

If Cryptocurrency is mentioned, first thing to think about is volatility. If a token continues to fall, take note of what is causing the price of the token to fall. If you don't know the root cause of the price fall, you can not renders any proper solution but rather a temporary solution that can only last for some time. Since crypto is a volatile asset, if the price of my token is falling, I will take note of the cause, if the cause is the general market volatility (dip), then I can not do anything but will allow the power of bear market to take effect. After bear market is becoming over, I will then start to market my token again and reach agreement to list on other exchange that are more popular.

You have not elaborated your question clearly but I'll answer you according to my understanding.

If a token is falling then you have to see the background of the project and it's previous performances. I have seen project of thousands dollars worth on less than hundreds on bucks but the they again approached their ATH. So it all depends on the fundamentals and previous performances of the project. How legit a project is and how much people trust it this will help you to decide what to do with its token.

I see many people offering various solutions such as buying back 50% of the circulating supply, burning tokens, increasing advertising to attract more investors...but I don't see anyone mentioning or even you (the project developer) not mentioning the reason for the token price drop. The reason is because of Fud, the project is attacked, the project progress is not according to the roadmap or outdated... there are many reasons why a project goes down. And if you really want to save your project, and as a developer, you need to know what the causes are and find ways to fix them as quickly as possible.