Why new Projects?

[bangjoe]

I agree with the statement that 80% of the projects are not going well and many have ended in scams, but we cannot stop them by banning new projects from entering this forum because we never know what the project can do in the future then all we can do is choose wisely so that we are not caught up in a bad project

[Papcio77]

Crypto isnt just for you, not for any single people around the world. It is for everyone that love crypto. Anyone that want to be part of it. This is the true nature of crypto currency to stay us connected to each other and make progress in economy. Why a lot of projects? Because crypto is getting introduce to around the world. Companies see this to make a wide range for their product. You cant limit the token being created. Every company can have its own product

[2tang]

it would be better if everything was tightened, I mean there must be a filter or high requirements so that a bad project cannot enter, one way is to give severe penalties to scam players, so before the project registers then all teams and everyone involved the project must provide their personal data so they don't dare to do a scam because if they do that, then there will be police who will arrest by tracking their data

[slashz9]

This is not as easy as you say if they buy a failed project, they risk their name, so not many people do this, maybe only a small number, or projects that are already very well known so they dare to take this risk.

[PlusOne88]

Well it is very simple to really see why projects are introduced everyday. It is because they, the developer or the team sees that there is a great opportunity for earning money in an ICO. So these people are trying their luck, not thinking that there are too many that are as well planning the same idea as they do. Money is a great driving factor and everyone wanted to get rich easily. So that their exist a competition between all new ICOs. This divides the existing investors making them all a competitor even when the project is not even the same in terms of product or service. This makes it difficult which results in failure of the project.

[Caladonian]

it would be better if everything was tightened, I mean there must be a filter or high requirements so that a bad project cannot enter, one way is to give severe penalties to scam players, so before the project registers then all teams and everyone involved the project must provide their personal data so they don't dare to do a scam because if they do that, then there will be police who will arrest by tracking their data

If this can be implemented then surely it will lessen the possibilities of people who will scam the investors, developers who will willingly provide all the details about their personal information and the business that they have or works that they are affiliated with, not just those we already seen from the
team where it can easily be faked.

Teams without hesitations answering all questioned that can easily removed investors doubt are team that really deserve creating new ideas
that will work around this industry.

[Ailmand]

I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.

But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?

Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense

Well, people find making a new project is profitable that is why new projects keep popping out. As you can sew we currently have a lot of scam projects, a bunch of shitcoin and only a few with real product and use case. If this goes on, more and more project will keep popping out, and might hurt the whole crypto marketbecause of scam. So, I urge investors to choose and not only consider profit when investing in a new project.

[Pet240]

Most of the new projects that already have their products and perhaps are looking forward to further develop them are trying to avoid wasting their time on ICO, rather they prefer selling their tokens through IEO. Despite all these, most of them tend to be traded away and later plunge.
In my view, I would suggest that no matte the number of projects being lunched, no matter how good they might appear and no matter how convincing the whole circumstance surrounding them is, we should create time out of none to carefully study them .

[bangdol]

This is not as easy as you say if they buy a failed project, they risk their name, so not many people do this, maybe only a small number, or projects that are already very well known so they dare to take this risk.

New projects may not necessarily fail, we must see from other potentials, if indeed there is no information that supports us, we can leave the project. because there are new projects every day. we only need to choose the best.

[george_hured]

Probably in new projects, people find something new and promising, but I am not in favor of this. I would make a choice in favor of projects that have already managed to collect a lot, so I think that there really can be earned. But this is usually just my opinion.

[Psynthax]

This is not as easy as you say if they buy a failed project, they risk their name, so not many people do this, maybe only a small number, or projects that are already very well known so they dare to take this risk.

New projects may not necessarily fail, we must see from other potentials, if indeed there is no information that supports us, we can leave the project. because there are new projects every day. we only need to choose the best.

We must see from a lot of perspectives, it's not fair to judge a new project from a perspective and then when it becomes a successful project and we will regret it. Remember almost all of the major platforms have started from nothing to something.

[siorapokk]

Because they are more perspective that existing projects. Just think about the possibility that those tokens that went live during the falling market and have not lost a lot of value, would do on the raising market.

[10c]

Because they are more perspective that existing projects. Just think about the possibility that those tokens that went live during the falling market and have not lost a lot of value, would do on the raising market.

Existing projects already have experience in this market, and as a rule, the experience is a very important factor on this market.