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Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

I do agree with your point. Too much projects who are working on the one idea.

I can take a smartcontract idea that was created by ethereum and then so many copycat projects have been appearing like tron, eos, tezos, zilliqa and many more.

Payment solution : CRPT, CRYPTO.com, uquid, wirex etc

we need a new idea.

I hear you bro, and I share your thoughts as well, I think our market is already clogged with same ideas and concepts, we have too many payment system related projects, too many exchange related projects, and so on, but one thing I observe is some project that manage to bring something totally different are not given the much needed attention, it is either people consider it to be not needed in the crypto space or too impossible to achieve, so I think project developers sometimes want to develop a project in line with what is selling or what people are most interested in,

However, you can still find some very distinctive projects out there that are striving to make a difference and bring something new, the only problem is they have less support and completely under the radar.

Actually it's already happening, so many projects are caught using old projects and copying whitepaper from old projects, they are caught doing that, they thought they can get away some even using photoshopped picture just to make their projects run by real people, if investors is not good in researching he will end up losing his money to these fake projects. 

These scammers are not developers they have no original ideas and they cannot construct something new for the community, so they resort to copying other developer's work in the past, all they want is to set up crowdfunding, some of them do it hastily, forgetting the simplest details, a good and original concept create a big buzz in the community and that's what makes funding easy.

Research before you invest, this is one of the golden rule in investing because if you will just listen to a Hype of a pump and dump group then you will lose money. If they just copy an old project without the consent of the former developer then that is a clear scam for me not unless they work with the same team, and just reviving the project. People keeps falling on this trap, they should at least know how to analyze the new project or ask for some thoughts in this community, many people will give reviews for sure.

In short, because most of the new altcoins nowadays are here just to SCAM people.
That's why most altcoins are repetitive projects, no originality or not being unique.
For me, as time goes by, projects that are no use or shady will become not effective anymore because most of the investors will get lessons for past projects they tried to invest.

You will always find repetitive concepts if we still believe in them. Go to the DAO forums you'll find more projects which you won't be surprised why its listed o CMC.

You will find new projects that are contributing by doing something new, but you will have to search them. Most of the new projects are crap because crap sells too and it's easier to pull that off then build anything ground breaking as that would require actual skills and devoted team.

Imho it's pointless to ask devs to stop delivering shitcoins when a lot of them are in it for the money anyway and ton of investors are also just looking for instant gains.

Most people aren't tech-savvy enough to know why a some project needs a blockchain or a token and what projects doesn't and most of these projects are in this to get money from these gullible people. Shitcoin builders don't have the skills to pull off anything too complex, but most investors can't tell the difference between the coin and a token. so...

That is why now it is very difficult to find promising projects. many are imitating, even coins forks. actually crypto today, many ideas are the same, so they only fight between coins with promotional and marketing strategies. right now we are waiting for innovations or new ideas, but it is not that easy to deal with technology.

Nowadays scam and bad projects are easy to avoid because most projects copies from other old projects idea, stolen whitepaper (plagiarism), website design, fake forks, using Bitcoin in names, trying to create hype without new use case, lol, I've had enough of new projects, if I see a different one I will recognize

In fact, we do not need new ideas. We need practical ideas and can be successful in this market, I have seen a lot of new ideas but they cannot develop like every wait, work for some time and then have died in silence

No one can stop them in creating a coin or a project, but if we will educate ourselves, scammers will not be successful.

Bringing more coins in the market as long as they have a legit team is good as that would make the competition stronger and that is good for us investors or users of such project. As the market matures, I hope people will also mature, it's not necessary that we learn from our mistake, what's important is we learn to make some research and carefully study the coins we are investing. There's a reason why experts called crypto investing as a risky investment, that alone should already convince us to be careful when investing.

Well, it looks like the ICO scams are slowly dying to expect a new scam scheme to come up soon and make waves.

The purpose of coin creation has truly reached at one point a pathetic level, I think that if I go through every crypto from CMC I'd find that there's a coin for every single domain possible, and that's absurd.

If there's one thing I hate about this completely free market, it's that you can't tell every newbie or inexperienced user in advance what kind of projects are good and what kind of projects aren't. Only if there were a very few who supported scams, they would simply die off.

Many similar projects, the creators of which are aimed at deceiving investors. Fraudsters are very lazy. They copy a document on white paper. They use fake data and fake photos.
Fortunately, many in this forum have learned to quickly identify fraud. Fraudsters are afraid of advertising here. Nevertheless, one must be extremely careful. Do not believe new ideas, because many ideas are often repeated. And only a few projects are successful.

naturally, there is nothing wrong with repititve projects or sorts. Because at the end of the day, it is left to hunters, marketers to decide if it is worth working for or not.

And if there is one thing I count important in this space, it is profit. People promote anything possible as long as it is legit and bringing profits, nobody wants to care if the project later dies or fumbles, as long as it brings rewards to their pocket.

There should be new but not just idea but also execution. There are many ideas crowded with failed projects but could still be a profitable field if executed properly. Most of the project doesn't fail due to having bad ideas but fail due to lack of expertise and dedication of the team. We need better projects.

Or maybe.. build on the existing infrastructure. The blockchain technology is here - no need to create new blockchains, but instead to create dapps and customize the tech to business and consumer needs. I'm disgusted about the amount of garbage projects being debited all the time as well. I'm wondering how much better would our world be if all these developers would contribute to solving problems.

I agree with your opinion, there are too many new projects that copy the ideas of old projects that have failed in this market. That's why now people are no longer interested in new projects, right now people are focusing on the top projects in the market and those that already have active products.

Well, not to burst your bubble but there are plenty of repetitive projects but still successful. If you think there are no fools fall for scammers or useless tokens and coins even though it already 2020 then I can say you're wrong. Scam and shit token still there, dumb and stupid people wasting their money are still there too, maybe lower than before but you get the idea.

Yes, market is flooded with new coins and projects and most of them do not even have a proper use case or practicality so how they can survive even if they launch such a coin, who will buy it on exchanges, yes there are few cases where similar projects can be encouraged like where a project has supreme success and become market leader there we do need similar project for healthy competition, otherwise copy cats projects will mostly fail.

I agree that the idea may be duplicated, but what I'm interested in is the result of it. If the new project has an idea that overlaps with the old one but it succeeds, I would be delighted. If you can't develop it, let others continue

Yes I agree, for developers you better try to provide the latest innovations in your project, then that will make your project interesting and of course many investors want to join. We have seen enough useless shit projects until they die alone in the middle road. If your project is full innovation, then I'm sure your project will survive.

Come up with a new idea then. It's useless to say "we need something". Make it happen.

Or it's not as easy as it sounds?

This is a much better approach than creating idea that is unable to realize.  I am into new ideas but if it is too good to be true then people are investing in vaporware, project that will never materialize, unlike creating projects that will build infrastructure around the existing blockchain technology.

Actually, good startups are available but there are many scammers. Good startups will often know how to properly distribute tokens to bounty hunters and devise realistic plans and get it right. But the majority are now full of scammers and creating a fake project is too simple in the crypto market. We cannot stop them. So we need to equip with project analysis knowledge, it will help us a lot in the future.

You just speak my mind, the space seems to have stalled, there is no new ideas coming up and this is one of the reasons why new money are not entering the space, if not smart contract, it would be cloud computing now we are having DEFI spring up everywhere. We need to see need ideas to move the space forward

Well maybe DeFi can make new money to enter crypto space? It's the new biggest use case to talk about, honestly I don't expect anything new from 90% new projects anymore, they always bring out something we've seen countless times

The truth is that several persons are beginning to gain awareness of the working of the cryptocurrency industry. Gone are the days when people invest money into anything that is called a project. People are beginning to carry out due diligence before investing in projects. The future will bring much more enlightenment into the cryptocurrency space and any project that lacks the ability to distinguish themselves will be left behind.

This is the whole truth and I strongly agree with you. Many new projects are just a repetition of what is already existing and which is the main reason why many of them if not all becomes worthless after listing because they don't have anything unique nor good which will sustain the price. Only the old projects keeps increasing in value and users because their idea is unique while they try as much as possible to keep improving while a good number of newer projects which don't have any thing good ends up dying slowly. The funny thing is, nowadays new projects ends up copying others (existing projects) whitepaper thus showing that indeed we need to be mindful of projects we invest in, as some, their team is just out to fill their pockets.

Absolutely, now it gets pretty enough for the projects which have based on the same ideas and it's been repeated by making some minor changes and keeping the same concept. That's the reason why investors have not put their money in a project like this. Investors are looking forward to something innovative and new which has the potential to grow in the future rather than repeating the concept of the project.

Because they are all the same smoke and promises better invest in projects that have solid blockchain a well known dev and a big community, that is if you can find one since smart contract is kind of popular when it comes to copy paste codes.

There are too many duplicated projects in this market, and I believe that it will die soon and only the best and many supported projects will exist. Do not try to invest in new projects at the present time because it certainly will not go too far. Focusing on the top altcoins coinmarketcap will be the best option

I have been doing bounties since from the two years and as a bounty hunter, I learn how to follow a good project. Most of the same projects or that one who repetitively comes have failed more likely. Because no one wants to invest in such projects whose gonna repeated itself by fixing some things.

You know why a lot of projects have almost had the same concept? It's because this is cryptocurrency, and currencies shares a common purpose, right? Nevertheless, all of these alts are a copycat of Bitcoin anyway.
Another reason why some greedy devs keeps on making new same projects that promises a good return is because there are still a lot of greedy people who wants to take advantage of the pump and dump scheme, a lot of people are trying to take advantage from each other, and a lot of people still falls from the same fake projects over and over again.

The project would fail if they don't have the support of the investors, whether it's a repetitive or not, what matters is the support.
If there's already a project created in the space and it was not that successful, I think other would compete and would maybe copy the idea and add a bit so it would not be called as repetitive, but with a good team behind the project, they can create a more successful project.

If you say repetitive, say for instance, an exchange project like Binance started an ICO and they were successful, so do you think other projects that would follow the same would fail? of course no, because the market is big, and more of the same project are welcome to compete as long as they are legitimate.

Invest and promote rare projects with rare use cases, they hardly end up failing in the end, stay away from repetitive projects because majority of investors will stay away from them, they will have hard time raising funds

you're on point on this topic.. too many projects with same idea..  especially exchanges and casinos.. they're all same thing theyll claim to be revolutional.. but theres nothing new about  these projects... just recycling same idea... trying to out do others that were there before them

I agree! Only the best of the altcoins will survive, we have been there and had done that already. Right now, only the best-funded altcoin with the best ideas are going to continue thriving. Shitcoins will be exposed and only the altcoins with real solutions will rise above the rest to succeed eventualy.

Yes, this is what I am seeing now, repetitive projects, either scam or not but the majority of them are scams. In the future, I don't think they will exist they will be left to dust. I am sure people will be more knowledgeable about crypto in the future and they will not be fool by scammers easily. I have said this on other thread I am seeing the use cases of altcoins in the future, as utility token of legit and working companies or products when adoption comes.

The interest in thinking easy money will drive people to create their projects similar to others just to fool newcomers but somehow they never succeed because we are not an innocent individual to be fooled with that trick. The community is already aware of this but it was so sad that still a lot of fake projects we saw around. I think that this situation couldn't be stopped nor to see an ending story of scamming because they will find a way to make it and find their prey.

I think you hit the tipping point mate and It is a hundred percent true! that most of the projects nowadays are just copycats or just recycle from the existing platforms, so what can we expect from them? after the hype was expired eventually the project will slowly die because it has no use case at all. that was the other side of the crypto industry today, so be careful while choosing the right platform when investing in ICO, IEO, STO, etc.

The technology can still bring a lot to the community, but sad to say some developers are on the money side instead of thinking of more ways that add usefulness of the project they always opted for money grab crowdfunding like ICO when it can be set up with little funds coming from private investment, they want money pouring in in their idea which turns out to be useless.

It depends on what we read that the project is included as a fictitious project or not because if we talk about fictitious projects, of course, what we will get is a project that is indeed just a mere copy of the existing project. from whitepaper to the whole. they only aim to scam investors

DeFi is the new use case in crypto space presently, soon you will start seeing fake DeFi projects because that's what scammers do, having two or three DeFi projects in your portfolio is more than enough, do not put your eggs on one basket, find other real use case

 I have seen plenty of new projects with new ideas as well, that doesn't mean they will be good neither. I mean surely having the same old same old is not the solution neither but I rather see a project that has nothing new at all but worked properly with a team that really loves their coin and works hard on it than a project that promises bunch of new stuff that fails to deliver any of them. All those projects with new ideas and brand new features eventually fails and that means the project was just good on paper and never really did anything important at all. Whereas if there is a project that is repetitive and basically copy cat of some other currency but worked amazingly well and improved to a point where its perfect on development and amazing marketing I would say it would fair a lot better in the market.

To work on something new is not that easy but not impossible, 80% of developers in crypto space have no clue what they are doing, some even lied about their professions, that's why we have too many bad projects in crypto space, repetitive projects aren't entirely bad and there will be too many competitors to push back, will be very challenging for serious projects from serious team, that's why im against repetitive ideas

The last two years there have been many new projects that have been toppled, most of them failed in developing projects or projects that they have in common with other projects and are unable to compete. Indeed, for the time being, a project that provides new innovations is needed so that investors can be interested. It can be said for me that it is quite difficult when releasing a project that provides the latest innovations, but I'm sure there are still many people who are far more reliable and qualified.

This has been one of the major issues in the cryptocurrency market. There is extreme fragmentation in the market, and as a result of this we have dozens of projects chasing after the same idea. And as a result of this, none of them will be able to attract enough funds, and in the end the project will die gradually as a result of lack of attention from the investors.

I'm tired of new projects as well, it's annoying how new projects pop up nowadays with fake teams or unprofessional teams and they start looking for funds through IEO, I wish their is some kind of ways to know which team are qualify to build crypto projects

This happened relatively because of what emerged last 2017, the cryptocurrency is booming on that year leaving a huge opportunity of scammer to fraud people, now gullible people are not aware that this is already happening until 90% of projects ran away with their money.  And I must agree, new coins being introduced to the market are not having enough support to withstand the competition due to the problem the happened few years back.

I'm scared people will lose their confidence and trust upon investing with cryptocurrencies especially the new ones. What I think is that, the investors will just stick to old projects and trading cryptocurrencies.

Your point is valid, since 2009 there are a few new innovative crypto projects. Many altcoins  just use smart contracts then clone existing projects. Scammers are notorious for doing this. They are not interested in innovation,or creating a new project, all they want to do is extort investors. After cloning an already existing product, they rebrand sometimes the plagiarize from the original whitepaper.

Once you can spot a recycled project, you are one step closer to avoiding scam. This is more reason why you need to thoroughly research a project before you invest. Lots of  investors that do not carry out due diligence usually fall for this scam - repetitive and rehashed projects. As matter of fact, some teams are fully involved in this and on their website, you'll find questionable and funny characters as team leaders including copied Whitepapers.

Same here.  My interest for new proposed projects and innovation is gone due to the things that happen these past two years.  The majority of these projects are just created for money grab if not for scamming people.  Even those legit projects that we thought would revolutionize the payment industry fell short of their promises.  Funny how they under-deliver/underperformed when they collected millions of dollars. So even with new ideas, I just ignore them when the IEO, ICO appeared beside their project name.

This is what happens when there is no regulations in the industry. Most of these projects have absolutely nothing to offer and are only out to grab the most amount of money they can get. There are over 500 projects in the industry all repeating the same ideas or concepts without trying to provide solutions to anything. These projects float IEOs and once that is done, they pack up and run away or stop developments all together thus, disappearing with investors funds.

And several of them just repeat the old ones because they plagiarized the entire thing. Look at the scam accusations board, a lot of them have plagiarism issues. They don't bother to rephrase some of the copied paragraphs but entirely copied them. Developers are getting lazy, copying the source codes and just editing some parts of it. This is also the prob of most open-source projects. One can copy without asking any permission. And some of them even forget to change the names within the code. Maybe it is okay to copy the business model as long as they can truly implement their objectives. And not just grab money and go.

Not much you can do when investors are still gullible enough to invest into those and bounty hunters are greedy enough to work for them.

If I create a new project right now with about 210 million token cap and tell people that I will give 100 million of it away, 80 million to investors and 20 million to bounty hunters and the price of that coin will be 0.1 cents on the market when it first starts, all I have to do to convince people is to pay them and have a great marketing, as long as I have a good team I can convince them.

Even if my whole idea was a scam and I just wanted to steal their money and get paid and just take that money and leave, I could even leave the project behind to someone who wants to rule it and I would be out of all the trouble as well and still live with the millions of dollars I made from it.

Single coin can't fulfill both smart contact and our privacy. In smart contact you don't have privacy, anyone can check your transaction. If any coin has the same opportunity with privacy. You have to fix it before making this transaction that either you need privacy or anyone can see. When you use this coin as payment methods, automatically select privacy Options.

One truth we seem to neglect when criticizing repetitive project is that the blockchain preaches freedom, which is the all mark of decentralization. We cannot just rebuff of old projects that are repetitive; we also need upgrades. The question should be, are new repetitive projects more remarkable than old existing ones? Is it superior in operation and terms of use ?

There's a lot of them around trying to make money by these foolishness artworks in crypto. We can't stop and the sad note is that they are ruining the market reputation which gives a reason for investors not to invest a new project even we saw the potentiality of this.


They'll keep doing to clone the project and take the benefits of this. Scammers will keep themselves as a scammer coz they know that they could still find a way to scam people.

This is the reason why most of the new projects don't come out successful even if they have the potentials to succeed because investors think that it is just another new scam projects that are runned by fake developers. This made the whole altcoin market very frustrating.

Right! That's just so complicated. Even investors and bounty hunters can't clearly distinguish between scam projects and new potential projects. It's hard for all of us. It's even harder for investors if we ask them to invest their money in something totally new (that is likely to be a scam one).

Developers should stop if all they have are old ideas or repetitive projects, we have over 7000 altcoins in crypto space, that's more than enough and even out of those 7000 altcoins 90% are bad projects, enough is enough, if no new ideas just stop.

Those that copied others before now are already dying while those currently copying others too, will soon join their counterparts and die too, it is not rocket science but just the truth, because the team who copies other projects can't sustain it owing to the reason they don't have the right knowledge and experience. Also, reason why most of these copied project tends to boom in the early stages is that they try as much as possible to build enough hype since most people likes hype, they will be attracted to get their own share of the platform, most times they might succeed and most times they might not, thus showing that this behaviour of copying projects will still continue for while. Am not supporting it but that's the nature of things now, and yes we need new ideas.

Crypto space is a free haven where no law can hold anybody for building or creating projects, we the investors are the only thing that can stand against bad projects, when they do show up we have the right to ignore if they aren't good enough, we are the police of ourselves in crypto space, the ball is in our courts, bad projects will keep coming, be ready

You are right, there are too much projects with the same fundamentals and in a overpopulated market only the coins with good marketing behind can survive.
An idea is create collaborations for have an ecosystem when spend this coin, better if with benefits

All we need to do is learn to avoid such projects, leave them be and watch while they bleed out, stop warning developers about creating repetitive projects, they are looking for fast way to make money so all they can do is steal from other projects, it's only a matter of time before the projects end up dead

Without any supports the project will just fadeaway, it will die eventually and be forgotten.


Scam developers will keep popping up and keep producing coin that's being copied from other existing
projects, trying to scam newbies and greed investors.

---

Do your research and stop patronizing projects that only after with quick profits it will only lead you to
lose your money.

A lot of people heard about cryptocurrency because of 2017 bitcoin price hype and many developers and companies wanted to have their own cryptocurrency as soon as possible, but there was no time to create something really worthy, so we have a lot of similar projects and only few of them are really innovative and can be used for problems solution

Not all scam projects are full of repetitive ideas, for example in 2019 we hoped for a new fundraising projects to take over IEO because it's not as successful as ICO was in 2017 and scammers sees this as a weak point and scam project like IMO came around, I was so hooked because it's something entirely new but yet I end up getting scammed

You are right in this sense. Blockchain freedom means the ability to do whatever you want to do, even if it is just to copy and clone. BUT the idea of that and open source is that people should adjust and improve, not just make something identical with no added value. And that is the problem of new projects in general. No value, just stressing the blockchain and flooding the market with more crap.

A few months back, I talked to one of my friends on this subject. I asked him why we are getting repetitive projects. His answer was really simple. Although it may not be advisable to copy successful projects, it may be a good idea to study the failed projects and implement them in a better way. We can find a lot of interesting ideas among the failed projects. They failed due to issues in implementation and attracting investors. We can't discourage someone, if he comes up with a similar project with a better plan at implementation.

Many alternative currencies are duplicates of the major currencies, which we can classify as 20 cryptocurrencies and all other altcoins are duplicates of those currencies.
all of them or most of them are open source so no one can prevent them from creating new coins.
we should stop investing in any new unknown coins and start support well known coins.
if all stop random investing in those projects most of devolpers will make more effort.

BNB will grow constantly, but I do not believe it can beat ETH in this market. It is too difficult for it to happen and ETH will always grow. In the next 2-3 years I think BNB may be one of the top 3 altcoins in this market

to make an investment, many considerations need to be done. Not just a sweet promise but also see how the team, whether trusted or negative. You can make consideration by checking the account LinkedIn the project team. if all is good I think investing is a good deed and you will avoid scammers.

Scammers will not be gone actually. It will always be there as long as there is money involved in the projects.
Even how many times we do remind the community here in the forum there are still remained others to risk their capital
in the project for sure because of the greediness they have in their heart and mind.

you are right. The crypto space is very crowded right now with projects that are similar to each other. It means that blockchain technology is getting more mainstream. But it doesn't mean that each project would be just a copy of another. I really admire developer who can still think of unique projects despite the saturated market.

Yes, indeed not all projects are scams, including the ICO project in 2017, as well as the IEO project in 2019, not all of them were successful, especially what made them scammers who used the weaknesses of the project to be used as a field of fraud.

It's true. Most projects out there has similar ideas. Which means what? It means that the coin is practically useless or has a chance small as a grain of sand on getting a lot of attention. So, These coins will die basically when it hit the market. So be creative.

There are many similar projects in crypto space what really matters which team is developing those projects, if that team is having a good past with previous projects or are doing good with their current projects then it is good for the project. The team really matters if two projects are having same features as the implementation is gonna be completely different in both the cases and the better team will definitely get better results as compared to the other team which are in it just for making money.

From the outset, the IMO project has been heavily warned by experts at this forum. And I'm really surprised if you don't see it. They came up with a new idea but it looked ridiculous. As a result, the project quickly became a scam and disappeared from this market

We are talking about repetitive projects, not superior projects. If there is a project that is superior in blockchain compared to previous ones that means it is not repetitive, it is bringing something to the table and it is changing something in the blockchain world and making it better. What we are talking about here is the projects that are basically one to one copy of other older projects just with name change and design change and basically that's it.

Definitely there is small changes in almost every single project but that doesn't mean that it will be like that for majority of the projects and it would probably be just not an important change neither. So, if you see a project and say "I have seen this before" that is a repetitive one and it is totally useless and probably a scam as well.

To me, it is not a crime if an idea is repeated, but must be improved upon.  Repeating the same project or idea without any addition or subtraction is what is not good.  There are many dead projects with good ideas, but probably there was no means of developing them and the likes, they were abandoned.  There is nothing bad if such idea is reawakened and repackaged for better implementation.

I agree that using "same idea is not a crime", but speaking about improvement is not always necessary. Same ideas stimulates competition on the market. Think about search platform - google, yahoo, bing, yandex, wiki and other. It is not a must for them to improve, but they must bring something new and catchy.

You don't need to look further than the truth by looking at the leading cryptocurrency's and find out what problems they're experiencing. Technology needs to improve and evolve, or else, you're pretty much doing the same as the others, but without much to prove, improve or show for instead.

I have to agree with this. Most investors are so over with the same kind of strategy because lots of them have been scammed the same way. Most investors nowadays only invest in coins with a firm foundation because they know the risks of investing in new coins. However, there are still a few projects who are applying the same strategy yet succeed in their own ways. Developers and team behind each project still play a vital role.

It seems to me that quite a lot of new projects are already appearing. It seems to me that developers need to start helping existing projects in their development and not create new ones. we have many projects that need to be worked on

If new projects have ideas that overlap with old ones, then I hope they can improve and create a better project in this market. But there are very few good projects like that, most of them are scammer and only copy ideas to attract investors.

I think your opinion about bounty projects is quite interesting, bounty managers should be very innovative in their course of creating bounty projects. The only thing we know that's constant in life is change, and this is quite applicable to the crypto space. Managers should be creative and bring in new project ideas to the crypto world

Duplicating other ideas and try to convince investors to support them, not new from this market as there are many developers who just looking for quick money, instead of creating project that will help the industry, they will just copy and promote pretending that it's a fresh ideas.

It's much better to collaborate with old projects and try helping the team to improve and develop more progress.

Actually, now there are so many if we are more careful about the project from whitepaper to the concept of a website is almost similar. and it will usually be a failed project because there are no major changes from the previous project. I am very careful when choosing a project to buy because it has been stuck several times

Lol, they won't stop. Do you really think they are here to bring in something "new"? They are here to scam people. They know that there are stupid people out there that will fall for their scam.
This is easy money for them. All they have to do is just spend some time promoting their shit project. They don't even have to do anything to promote their scam project. They use those "bounty hunters" to do their promotion. You think they spend money behind those bounty hunters? No they don't. They pay using their tokens, so technically they aren't spending any money. Those hunters starts promoting them and them naive investors starts investing on it.
If you want to stop them, then you will have to stop the hunters from promoting them. You will have to stop those investors from investing on those projects.

There are so many good projects that already making projects better than existing ones. Many existing projects are faced with scalability problems and they cannot solve them. therefore it’s easier to create a new project

how can they earn a money if they will offer junk projects  . by fooling and scamming maybe  . fck them but its also the investors fault on why they got scam , so we must not feel sorry for them   . those creators of scam and repeative projects are way too lucky because they still earned from thier bad craft because people fall on it   . i only feel bad for those unique projects because they are honest or to humble with thier description and ended up not attracting investors   .

They didn't bring new idea but they were offering the new features but I could say this is also not a new features caused by they were only recycling it from the old projects. Create a new unique idea is something that can be achieved instantly.

Agree Man.. There are so many repetitive projects and old ideas, if  investors  don't  research properly they will definitely gonna loose money. Scammers think that they are very smart enough... But if investors are not smart then money will be gone.

Even I'm waiting for new projects and new ideas.

I think that people try to emulate successful projects rather than think of new concepts. however, it happens in the real world too, and that is a common thing. they develop projects by covering up the shortcomings of previous projects. some projects with such concepts are actually successful, it's just that because many developers are greedy, it makes many investors lazy to invest.

Some of previous features and ideas can be added and improve. Sometimes it's not bad at all to repeat the same ideas of the previous projects but they need to create some improvements to it. Some new ideas that can enhance the crypto economy where people are seeking to it. I'm sure the old ideas are can be improve in the same way that people would like to invest. They need to collect more ideas with so much expectation by most of the investors. Ideas that completely related to crypto world and help the community grow at the same time.

That's true and they were creating what is not really needed by the crypto community. We have a bunch of smartcontract platforms and we have a lot of projects that were working on the same place too.
I know about to create a new idea is a very difficult thing.

Fool me once, shame on you. Fool me twice, shame on me.

This is basically what newbies are experiencing if you don't do your homework and research, you'll definitely get burned indeed. But for those of us who stayed, we've learned our lessons well to discern from the good, the bad and the ugly projects out there.

cryptocurrency offers only one service. Means of payment. The bitcoin offers that role. Ethereum offers the platform to develop tokens which could serves an asset for exchange of services. Far from that, All other cryptocurrencies are copy cat. that does not means blockchain has nothing to offer us. there are other purpose but investors will always channel it for monetary purpose.

I agree with you, most projects are just doing something that has already been done several times on other projects... sometimes it is scary reading the topic subjects, they go by trends, a few months ago there were exchanges popping out from under every rock, and projects claiming the fastest and most wonderful transaction features... and this is just a few examples...
But we can't also forget that when things are developing, there are always improvements that can be brought by others using something already created by others...

currently there are so many existing projects that have similar aims and purposes and the new projects are also coming to solve the same problems that old projects want to solve. this is why we have so many projects and alot of stagnant projects. only few of the new projects are unique and genuine. at some point soonest there will be so many dead projects and only the real and genuine ones will be left when there is nothing to fake again.

I am doubtful and pessimistic that developers will create something new, and different. As long as the old ideas still make a profit,
the developers will keep creating useless tokens. There should be clear rules and regulations related to making tokens, so developers
won't make much copycat projects like now. If it continues like this the cryptocurrency world will be destroyed, because there will be
a lot of fraud and will become investment in cryptocurrency is less desirable.

Unfortunately, they don't don anything to help the market but just have to copy the old one. Definitely, we can see a lot of them in the market as there is no restriction in creating projects. If we only have that thing restrictions and limitations, then we can't expect for this thing to occur.
Anyways, these fake and copied projects wouldn't be able to survive and they'll be dead soon.

You cant stop them on making out worthless project since they do always target out that someone would invest to them and would make quick bucks when they do tend out to scam in the end.
Most of alts are using up other common platforms like erc20 thats why most coins in the market now is flooded out with this kind of blockchain but honestly they arent offering something new
and most of them are just being hyped up thats why they do get some value or support into the community. We dont need trash projects but this would continue to exist as long ICO or
even IEO would still continue to run.

even though they come with the same concept, there are still many people who invest and lose their money. That is because many people do not understand and are not aware of the concept of the project. what is difficult to distinguish now is that projects come with the same concepts as teams that seriously want to develop projects and projects come with the same concepts but they are just scammers

You are right, there are just more than 7000 altcoins and these numbers are increasing day by day. That is why it is so easy to create a new project, but there is no need to do it. Everybody is tired with these projects and want to see something new idea, as you said if you don't have any creative idea, just don't do it.

Instead of been repetitive or just pulling new idea I think new fresh concept and general improvements will do great justice to some project The issues with most ICOs or any Crypto project is actually the developer of the project, the give fresh ideas, collect the fund and never get to develop it and some runaway without any consequences I really hope that wil be fixed Maybe some trusted IEO might help with that

Basically, the stakeholders have an initial plan to deceive people into investing in it, but the target they choose is lay or novice investors who do not fully understand the objectives of the related project, because the development team can mimic or copy ideas from successful projects so that it offers benefits big to be gained, but the intent and purpose of the developer is only to get profit by taking money from investors who have invested in it

Enough is enough for the project undergoing copying other projects ideas, the main purpose of the blockchain and cryptocurrrncy as a whole is innovation, erupting new with new ideas pave a way for better developments. Such project only need funds. Cartesi was chosen by Binance because of its intrinsic good ideas. 

I found out some projects repeats successful ones idea, fraudulent project Blue Baikal repeats Snapparazi idea of social media content creation for profit, and many more.

For those who already have a lot of experience in crypto, it will certainly not be easy to be attracted to projects like that, even if you don't tell them to go, everyone will also leave and will never even glance at a project like that.

New devs are coming here to earn money not to bring something new in the industry or in the world in general. At this is really sad for me but i could understand them

That's exactly what creating an idea is not a very complicated matter. Implementation of an idea is difficult. As a rule, we saw many ideas but did not see sufficient implementations.

Yes, I do agree that repetitive ideas will just make the original projects in its worst case but if the developers will innovate a projects I guess it is fine as long as it is a collaboration. The repetitive projects and old ideas must be report as plagiarism in the community if it is not informed the original ones to use it.

If there's collaborations and it will bring old projects to a much competitive updates investors will benefits,
but if there's none and just pure copycat
the project both old and new will do nothing, for sure many investors wanted to see their supported project
to progress and bring great innovations.

---

New project without any originality needs not to be supported, and those who are only copying old project
without informing the original creator should be tagged.
It will help to inform the community that they shouldn't bother to invest, possible scam might happen and
they will lose their money.

New idea is better and futuristic but this doesn't mean that the new project will do better in the market, I've seen many examples already, sometimes the community love for an old project is stronger than what the new project will ever have

Yes, they came here just to make money from it. There were so many projects like that and now those projects are dead. Only leading projects in this market can survive and develop in the future

They are also stealing the investors money as the investors are investing in their project because they trust the developers with their money and also are betting on the project to make money for them. So if the project dies then the money of those people who invested in the project is also gone, the project team should always be held responsible for this, but what they do instead is they come up with new copied ideas and ask for more money through that project.

Crypto investment is all about taking chances, the chance of succeeding is even lower if you go for new altcoins but after doing research you should know that anything can happen so invest only what you can afford to lose.

I think most of those created project with no other reason than to get money from investors has already been trashed as of today and most likely they aiming to make another one for the same reason. what we really need to do here is, arm ourselves some knowledge on how this industry works. if we really do know how exactly money can be hard to earn here, we will not become a victim by their baits. We should understand first the basics and fundamentals of how we can avoid such old tricks we need to be vigilant and be cautious whenever we want to invest in some new projects.

Many have said "invest only what you are able to lose", what you have to understand here is basically everyone does not want to experience loss and everyone also always learns to know new things when investing, so they don't lose, so in investing is not just thinking about the problem of being able to lose or not, but someone must always have a way so as not to lose their assets.

It's not a must to create new project if you have no good idea to bring to the table but it's obvious that new projects will always show up simply because money is involved, you can't stop this though, all you can do is avoid these repetitive projects, no one can stop this

There are lot of projects in the market and most of them have the same products and service to offer. We can't deny and stop them as long as they want to make money out of it. But it is true that most projects even the new ones comes up with the same ideas as those like old projects that have already built their names and trust in the market and this only give a lot of competition. Some projects don't really have anything useful to offer but only for them to make money and these kind of projects are those which turns out to be trash after months or years in the market. They should offer something new and innovative, useful but also affordable in the market for them to be a successful project.

That's right because thinking about new ideas is very difficult while most people prefer the shortcut by copying it, even though copying it also requires a very difficult process.

We must know that with all the risks that occur, therefore investing will always have a way to not lose an asset or at least lose, people think in this case it is very common, and therefore it is necessary to know that everyone who invests always has their own way.

Honestly we cannot do anything about repetitive projects and same concepts based projects. It is complete decentralized space and everyone's success rate is depending on many factors hence people never bother about bringing back same old concept. I mean there were many projects have become successful even they have copied the concept/idea of other projects. Your level of success is highly tied with your promotion level and how intensively you keep attracting new investors.

Just because of a project is repeated idea based, people never ignore them because, to serve all the people across the globe, just one project will not be enough. This could be the one of the prime reason why people accept repetitive concepts based the projects as well. All the above, investors never look for ideas tied with a project but they do see the speculative basis potentials and then invest and dumb before most others do the same.

Scamer will always be there, we just need to avoid it, some new projects do come out with the same concept but sometimes they succeed and surpass the previous project which is why people don't bother to make new developments aside from being difficult to make they also think it is easier to make existing ones.

Using same ideas but enhancing or providing new features and upgrades, those new projects gotten away and received supports from investors who did not bothered to make a much better research and just invest with such projects.

Scammers are also updated with how the sentiments coming from investors minds, they are good in tracking trending concepts and duplicate old projects with some twist and let the investors thinks that it will work that way.

now there are so many projects that have the same ideas as others, just a different name, and most of these projects only last a short time and they will continue to repeat it, now many people crave a new idea but need a process to make it happen.

But on a more serious note, do we actually think it will end? Am not justifying it, but however looking at the nature of things, you will agree that most people don't care once they see IEO on top exchanges they will run to invest then sell off immediately to earn more, so to some people once it affords them the opportunity to increase their holdings in BTC etc, they will invest. You see, once a project comes out, whether copied idea, copied whitepaper, repetitive project and/or old idea, and it is filled with hype, people will throw caution to the wind and rush in just to get a glimpse of their own gains, most times it might works and in many cases it doesn't, at least we have seen several cases like that. So in essence, I'm against repetitive projects just like you, but yet ending them might be difficult hence let's find it more appropriate going for those projects whose team aren't after immediate gains but long term growth.

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

Now there are many projects whose ideas are not so new. But they create extra hype, big exchanges give them that opportunity. Behind this there is a gang involved with the big exchanges. Because these projects are managed by some of the biggest crypto market people and exchanges.

The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.

Because most altcoins old or new are worthless shitcoins made to make a few greedy people invest and the developers of the coin cash it out and start again.

This is what makes them hide their identities otherwise you'd see that the same teams are involved in numerous projects.

True, there will always be a coin that will get more attention and publicity where it all leads in older one dying and if one tries to maintain their coin from being ignored it will cost a lot hence they will just let it be and take what they can get, projects that will continuously create a publicity can be successful however it will cost too much so most of the coins that has been irrelevant will stay that way until some news over it has been spread.

You can say that again O.P, the cryptocurrency market has been flooded with a lot of crypto coins, majority of which are useless, lacking in usecase and real time uses.
 Most pretend to give solutions to problems that are already solved and they end up performing badly, leaving the investors with nothing.

 It is high time we move from this level, get something new into the market.
 Create a cryptocurrency that will solve well defined problems, let them have great usecases and watch how far the cryptocurrency industry will go.

yes, a good marketing startegy will make a project exist
but, a pure and new ideas will bring more attention from crypto investors to a new project my friend

To a very much extent, you are right. We have thousands of project who actually didn't failed out but the team decided to just slow down or stop the development because they felt like satisfied with the money they raised during tokensale and that's why most of Startup altcoins hardly see the end of the tunnel. It is okay for competition to exist in any business venture, it is part of what drive the service provision much better but it is bad when the compstitive line is weak and new set of teams keeps coming up with shitty products

That is nowhere to go after the ICO/IEO. I'm not sure if investors will look into them knowing that it could be hopeless to see a copied project to run in the market become profitable but for sure it leads nothing in their ends. That is why I keep thinking about the oldies projects which we know already their capabilities and that having a good market performance. I'm not saying the new projects will just be ignored but most likely it is that case to happen and that makes them a lesser chance to succeed. Project developers should think differently and should have their uniqueness in order to have a winning stance.

Of course, they won't give it as unique since they only want some gainings. Many projects nowadays are built-in to copy paste or plagiarized other projects. Same intentions, same whitepaper and goal. In short, scam projects. They did that because they have no idea in terms of innovating projects. They want an easy money, so for those who would not give time to research. They are the one who lose money at the end.

I stand with your point here mate, but having some thoughts making a new or eye-catching project can be hard (well that would be worth it if they are really serious on what they are doing).

My main thought on why are they still cracking their bones just to remake old projects is due to money itself. They are on the hunt for newbie traders promising high returns with their investment. As long as they are earning from their "projects" they'll continue to work on more.

most ideas that always exist today are exchange, and browser. however, both of these ideas can be developed better and cover up the shortcomings of existing projects. it's just that it requires a large fee. however, some people try to take advantage of it and become greedy. Well, maybe another idea will make the crypto project increase again.

Repetitive project is really high in blockchain this days, it seems there are no more niche in the world that projects needs to constantly repeat what is already in the market, it is good to have varieties and diversification, developers really need to dig deeper and bring something different.

The sad thing about the repetitive projects that they are actually making the original one lose value as well. Let's say you want to create another privacy coin and you copy whatever monero has done, you will get some money and when you get money that money could have gone to monero instead, so you are taking it away from the original instead. This is why I keep saying that new coins should not be allowed.

I know there is technically no way of stopping anyone starting a new coin, but we already have above 3 thousand coins created so far and it has been only 10 years since the first one started, in another 10 years we are going to have a total of 30 thousand at least. Which is why I believe we should find a way to make it very difficult for new coins to arise and collect funding from people and not make it so simple.

There are many big reasons behind these projects. Not all new projects are bad, there are many projects that are actually very unique but their project cannot be successful because they do not have crypto power. So we have to find new unique projects and make them successful.

There are too many shitcoins that are appearing and the common thing in them is they share the same repetitive idea, I think the dumbest idea that the ICO has is the flying car concept, There are cannabis ideas that never been successful and now there are medical concepts that will create a cure on the recent pandemic. But I understand them, it's hard to think of a new idea that piques the interest of the investor, and instead, they are basing on the popular coins, which they are hoping to get some investors. Not like 2017 where ICO's are unique and the coins after the ICO get a decent value.

something new is sometimes not in line with expectations, as we see there are many project ideas, promising concepts, quality products but ultimately not as they expect. investors will certainly choose real projects including coins that always have good price developments.

Ahh well, I am glad someone has caught a wind of this situation in this industry. Most upcoming projects are just picking at already existing projects with almost similar ideas and trying to make something new of an old project. This only takes away market cap of existing projects just like the several forks of bitcoin.

yes enough with these projects.. but the thing is we cannot control them, people behind on those upcoming projects.. there are a lot of projects that are coming but its always the same ideas.. If the developer only knows what are the ideas that are missing in this crypto world then we are not seeing those repetitive projects and ideas. They should try a new idea.

The repetition is just too much. And these days it's just all about the scam. I doubt the developers we have now want to try out new things. Once there's a trend, everyone jumps on it. Too bad.

They don't know how to stop, they want money and they have nothing to offer, too much repetitive projects nowadays after having over 7000 altcoins in crypto space? I've had enough, I don't need projects with same old idea

Yes, the project developer should try new ideas for now, especially now that there are several projects that apply the same ideas to new projects, this automatically provides opportunities for other project developers to build new ideas so they can attract attention investors at this time.

It's tiring, investors are now smart to avoid some scam projects but believe me, very soon investors will learn to give up fully on new projects, old coins that are still doing well will grow bigger in future because these old projects will be the only thing left to trust.

Its easy to say that OP but establishing a new and complete different unique project is hard. Almost all new projects if not improving some lack on previous project are just creating same concept.

What use case in reality does not have a platform yet? I think almost all are already taken. If you think about it, not all fields needed blockchain hence putting unnecessary new platform is waste of time.

We have a saying, "Don't reinvent the wheel." Many project developers are doing the whole nine yards because it is the tried and tested thing. You cannot just tell these people scammer or not, to waste hundreds of dollars for something that hasn't been tried yet. Leave that to Elon Musk or any billionaire that has lots of money to waste on. As an investor, you just have to be careful picking their projects. Those people even don't listen to posters like you who demands that they give new stuff. Just be careful.

Well, projects that have recurring concepts won't attract investors anymore, and sooner or later they will leave. this is a strong push for developers to think of new concepts that are more interesting and relevant to the blockchain. Well, that way, investors might be interested again. at present, almost all new projects that emerge only repeat ideas from existing projects.

The amount of people who do not understand the premise of this topic is really scary. Plenty of people came in here saying "there are some good projects who are bringing new things" and that scares me about those new projects. Just because there are new projects doesn't mean that there are zero repetitive projects and that is the topic here. It is not about the new projects who do something new, it is about the new ones who are doing the old things all over again.

There are tons of projects who are doing the same thing and just copy pasting the whole coin by just changing the name and that's it. THIS is what we are against, THIS is what people are talking about here. The coins that has new stuff in it is not the discussion and nobody talks about it and not complaining about it here.

What baffles me nowadays is the fact that most projects now see it as a normal thing to steal others ideas and even plagiarise their whitepaper and when caught they look for an excuse to cover it up and make it look like nothing. It's sad but this is the type of projects we have nowadays, only few upcoming projects are unique in their own ways others are always found wanting. Also, you have said it all but the question is, will there be a change, when it is now rampant? There might not be a change thus the reason to be weary of every project with such questionable nature, because for sure the team are only after the funds.

DeFi projects are doing so well right now but for how long? Even few new DeFi projects are showing up, I smell bubble few months later, some kinda shit that ends up swallowing ICO into the ground, anyways if I have to invest in DeFi projects it won't be a new one

We really can't put an halt to repetitive projects but they can be avoided by doing research and know exactly what you want, only newbies who aren't ready to learn will fall for repetitive projects, we already have big lists of blockchain projects and know they are getting annoying for real

Of course, I agree with you, but unfortunately too many fraudsters have created and will create various tokens in order to earn money and deceive other people, unfortunately there is no way to get rid of this, but we can and we must fight with fraudsters.

Exactly, no one can control the market, we are just investors so we can choose which project would succeed if we invest on it.
Repetitive projects won't succeed if they don't have a market, but if the market still has more room to grow, then it should not be a problem as it will still be embrace.

I don't see anything really wrong in repeating ideals in a new project.  Some good and worthy ideas have been abandoned probably because of financial challenges of developing such great idea further. So if another project with the aim continuing the development with some touched of improvement, then it's fine by me.  What I don't like is plagiarism and repeating the same idea without any plan of improving it further from where the idea was picked up.

Honestly I can see clearly how dangerous repetitive projects can be, here are just few thoughts of my own

1. Repetitive projects fails easily because they aren't impressive to investors anymore, many investors have a bad story to share about projects with same use case

2. They get the job done faster for scammer, they can just copy all contents and give a different name to the project, this is why I don't like repetitive projects

The truth about most new crypto projects is that they mostly aim to solve similar problem with similar approach. Some older projects will even be advancing, bringing in new innovations while most newer projects claim to revamp on Whitepaper but as project progresses we find out nothing new is added. However, few new projects really ameliorate the drawbacks of already existing projects and bring in entirely new innovations.

The problem is most developers are now after their pocket, all they want is to make money not that they really possess the potential of coming up with new ideas that can help improve cryptocurrency community.

Exactly the point. New projects are somehow trying to innovate the old ideas that another project have been trying to do but with a different approach adding up some spice on which they add up some genetic idea on how the execution to resolve the problem must be done but turns out to be the same thing and the added idea was not used because the general idea still is credited on the first project who have presented the idea.

New projects nowadays tends to innovate old ideas which is like recycling the thought and just having mixed up with new ideas of them but the aim is still focusing on the same thing. Yes, that was indeed impressive to come up into an improvement of the idea but targeting the same problem attacking it on the same strategy seems to become generic on the approach of new projects. If they really want to come up into a better idea, just make the first project a preference but do start from scratch and attack with a different approach because doing the same thing that the older project did seems to be a copyright to them and you just inserted your idea which can turn out to end on the same manner.

Developers ran out of ideas so they are creating different strategies in raising funds like IEOs and recently DeFi got more hype and lot of developer creating their own defi projects but I guess they also will ran out of investors in very short time.But now the bull market is just striking the crypto community so whatever the project about it will raise funds for sure due to new investors don't research much amount what they are investing.

I think this is strongly the major cause for which people have little or no investors committing their investments into projects. Unlike the days of Scalability and security on the blockchain, where alternative blockchains had to stand in the gap, today we have loads of projects that are solving no real use case as a challenge. let there be new innovations that will attract investors and solve a real life problem.

No project will definitely give you a review and whole they will give you is a journey which they want to do. However, this journey may end at any time and may not happen again, so you should know from your own research which project has the power to implement. Increase your knowledge before investing so that you can catch projects that are realistic.

I saw a lot of new projects but did not show its development even the price was far below from the initial price. possibly most of them get launch due to want investor funds. there are some Defi project for example Oikos, Jarvis, dia data who has made enough hyip in crypto market

There's a saying that "there's nothing new under the sun" every great accomplishments is a continuation of something lesser. I'm certain that the inventors of every modern artifice required some assistance from history and utilized what was gotten in the accomplishments we celebrate. We need to get outgrow the same way of getting things done and think differently, especially when it comes to project planning and execution.

Few years ago I saw an article and its idea was that everything is already invented and created, and nowadays we are just improving everything. So the statement "Enough of repetitive projects and old ideas" has no sense. Also, "repetitive projects" is not that bad. Repeated means there is another one like your, means you need to improve to be the best among you two.

Because they create new projects to make money, they just copy it from the old projects and then list it in the exchanges. They would then sell it all and cause the price to crash hundreds of times. There are very few quality projects, and the projects you list are the best at the moment.

many projects came up with an idea but they faced technical difficulties that they cannot solve. more often it is easier for new projects to fix the mistakes of old projects and become more flexible

smth like that in my situation. i think investing in dex project will be successful in long-term strategy. and also I try to find some dex-es with opportunities for liquidity providers

oh so u might be interesting in new stablecoin dex - xsigma, just announced and they have cool team even from Ripple and Amazon

The major issue is that almost all the project already launched has covered all the problems of this world if they would attain their goals. Because of inactivity of so many old projects, that's why new ones keep coming with old ideas. Unfortunately that's how it will keep going. The only way it could stop is if there is a mandate for every project to achieve their goals at a given timeline and sanction anyone who dosent meet up.

That's very hard thing to do as the realization of every project depends on the capability of the team handling it. And if the main intention of the team is to screw people, I don't think they will ever attain their goals. And who will sanction them if in case they will not meet their timelines? No one. That's the reason why every project can do whatever they please and move according to their own timelines.

I think now the trend has changed a bit and mostly we are seeing projects either in payments sector or the defi based projects and i think this trend will continue duting next year as well till the market develops complete defi and banking solutions.

Old ideas is not completely bad if there is no one did well yet. So, the most important thing here is no matter old or new ideas, but how they do it. Like Defi, there are many projects and companies are focusing on and build it, that is completely natural because Defi is the current trend and next trend in at least 2 years. Finally, the market itself will reject which bad projects.

It's hard to established new project since most function can be covered by the well established coins specially Bitcoin. It will also take year to gain and create a good community support to make a project really succeed. I'll just prefer to invest on well known coin than to a new project. Most top coins is now gaining momentum and this can be hardly be achieved. Unless a new kind of project is released, there is no need to put funds new kind scammy and cloned projects.

Repetitive projects are very common with scam projects, copying ideas and contents will make scammers work more faster, only very few developers have the idea of reviving some abandoned use cases thinking they can make something good out of them, anyways all in all let's make sure we do good research on projects before judging and investing

myself as an investors i am so over with a similar sort of projects since loads of them have been scammed a similar way.
In the event that there is a project that is better in blockchain thought about than past ones that implies it isn't dull, it is carrying something to the table and it is changing something in the blockchain world and improving it. What we are discussing here is the projects that are fundamentally coordinated duplicate of other more seasoned projects just with name change and configuration change and essentially that is it.

The problem is that Investor is too lazy and stupid to Still invest in projects that has been existed ,those projects that was Cloned by those obvious scammers .

Cryptocurrency is enough for single projects per product or services ,because the main objective is to Help Bitcoin in supporting the needs in future ,But what is happening now are the community has been used for Money making of this bad elements and thewhat made it worst? investors are still there a willing victim.