Shasha80
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December 13, 2020, 02:20:39 AM |
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Although there are many factors that make projects successful, the main key to the success of a project can be seen from the developer team itself. If from the start the development team only made projects for fundraising purposes, no matter how good the marketing was, it would end in failure. So, in choosing projects, I always focus on seeing the track record of the developer team, and also seeing the project goals created. If the project doesn't have a clear purpose and the team developers don't have a good track record, I will without doubt avoid these projects.
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lxiaoh
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December 13, 2020, 08:33:08 AM |
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There is no denying that good developer does make a big difference to the success of the project,but this is far from enough,it also needs community,market,luck,etc. If one of these factors do not work well,even it's just a minor defect,might be project would failure.
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JHORN
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December 13, 2020, 08:39:51 AM |
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New products in crypto space are experimental and some developers have to take the giant steps and give them a try to see if they are going to work as intended but when the unexpected happens they have to abandon the project and look else where, what good can you expect from a AI project today? They usually end up a failure and developers have stop trying them out
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Psynthax
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December 13, 2020, 08:54:51 AM |
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I don't accept your point completely OP, if a new project have a new solid utility or product and lacks professional developers there will be a problem, if a new project have good use case but have less funds for development there will be a problem, good use case isn't the only thing needed for a project to be successful, there is more
There are literally thousands of project with really good use case closing down for the simple fact that no one uses their service. Marketing, until now is the most needed thing to get projects building their userbase otherwise these projects aren't gonna generate streams of revenue. Developers are important but what most important is a project that sells. Even if the project is just a cheap clone or that kind of failed knock-off if it sells well then it's gonna strive forward. It's the hard truth.
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tvplus006
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December 13, 2020, 09:01:22 AM |
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As per my understanding any project can be made successful if a team is properly coordinating the project and have a unique product. A developer is the person responsible for creating, maintaining and upgradation of the project. He also needs a team of professionals who can market it, manage it and create awareness about it. I have been part of some unsuccessful ans successful project and the only thing that make a project successful it the coordination between teams. So, blaming only the developer for the downfall of a particular does not make any sense.
In order for the project to be successful, along with the uniqueness of the project and a team of professionals, you need money. Big money. And if it is not possible to attract a large investor to the project, then all development plans can remain only on paper.
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FrozenBit
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December 13, 2020, 09:13:10 AM |
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The reality is not so simple, a successful project needs many factors to decide. The Dev issue is very important because they are the builders of it, but the project needs: community, money,... those things are not natural and not any project is guaranteed. As the OP mentioned, Dev will make the project successful, but imagine when their community doesn't support them the products they bring for meaningless reasons .... so look at For a successful project, OP needs to look at things broader.
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KaratX
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December 13, 2020, 09:17:14 AM |
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A project can't rely on one man, one man can't lead a project to stardom on his own, that's why we have team members for every projects in crypto space, they might be very limited in numbers but it's impossible for a man to be the only team member of a project because been a expert in blockchain is in different fields work.
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pedrillo0
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December 13, 2020, 10:36:30 AM |
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This scenario does not happen only with ICOs! I see it also in IEO, DeFi or STO. Lack of sufficient experience and knowledge leads to capital losses. All this plus the scammers who are up to date to steal your money.
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InwardContour
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December 13, 2020, 01:11:30 PM |
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The success of a project does not depend on the developer alone mate, if it does, then there will be a lot of successful projects cus I believe no developer wants to start a project and fail on purpose, The success of a project is tied to Many factors
I strongly agree with your point, the success of every project depends on combination of many factors and not just the developer. But I disagree with you when you say "no developer wants to start a project and fail on purpose", this is because many developers have scam intentions and thus your statement there doesn't fit in. If a developer plans to exit scam let's say after token sales, then he already plans to fail on purpose. By the way, you made great points.
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aryana42
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December 13, 2020, 01:27:04 PM |
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There is no denying that good developer does make a big difference to the success of the project,but this is far from enough,it also needs community,market,luck,etc. If one of these factors do not work well,even it's just a minor defect,might be project would failure.
Yes, sometimes a small flaw can also have a big effect on the project which sometimes can make the project fail, but things like that are very rare in a project, because if the team already knows of a minor flaw, they will try to fix it again.
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pealr12
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December 21, 2020, 02:56:40 PM |
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The success of a project does not depend on the developer alone mate, if it does, then there will be a lot of successful projects cus I believe no developer wants to start a project and fail on purpose, The success of a project is tied to Many factors and this factors are all focused on one common goal, "success of the project", if one part does its job well and the other part fail in its duties, there's a chance the project might still end up a failure, and to give you a hint of what I mean, community is very essential to the success of any project just like the developers is.
I disagree on the statement " I believe no developer wants to start a project and fail on purpose" why! Because to me it seems you are including those scammers in the equation, Those developers with the intention to succeed will work hard together with the support of their supporters to see the project succeed, That school of thought does not applies to those scumbags who develop a project solely to scam investors on a short term period, Developers are of different category, you separate the good from the bad, not making a general statement that will classify all as same, because they are not. Very true, not all dev who develop a project have good intention and want to see the project succeed, reason why we have many exit scam and rug pull activities, some dev are just plain greedy, they don't care about investors and what it will do to them if they pull such heist, very selfish to the very core.
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torrantz
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December 21, 2020, 03:17:21 PM |
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There is no denying that good developer does make a big difference to the success of the project,but this is far from enough,it also needs community,market,luck,etc. If one of these factors do not work well,even it's just a minor defect,might be project would failure.
Yes, sometimes a small flaw can also have a big effect on the project which sometimes can make the project fail, but things like that are very rare in a project, because if the team already knows of a minor flaw, they will try to fix it again. It's not all of the team know about the minor flaw and did you see how some defi platforms were getting hacked due to the small bug in the flash loan code? The team has been hiring some auditors to audit the code but the scammer can even find then. The team must be competent to be able to maintain the security of the platform.it can make the project became fail anytime.
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Fivestar4everMVP
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December 23, 2020, 07:01:06 PM |
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There is no denying that good developer does make a big difference to the success of the project,but this is far from enough,it also needs community,market,luck,etc. If one of these factors do not work well,even it's just a minor defect,might be project would failure.
Yes, sometimes a small flaw can also have a big effect on the project which sometimes can make the project fail, but things like that are very rare in a project, because if the team already knows of a minor flaw, they will try to fix it again. It's not all of the team know about the minor flaw and did you see how some defi platforms were getting hacked due to the small bug in the flash loan code? The team has been hiring some auditors to audit the code but the scammer can even find then. The team must be competent to be able to maintain the security of the platform.it can make the project became fail anytime. Any team or dev that fail to secure their platform/code by removing all bugs before the hackers finds them isn't serious about the project in the first place, probably, they want to stay for a little time, gather some money and run away, any serious team that plan to stay in the space for a very long time will take all necessary actions to making sure their platform is well secured from bugs and hacks.
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mezzaluna
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December 23, 2020, 07:16:21 PM |
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They all could do much better only if they used some business sense and actually invested in marketing their product, meeting potential clients and just run an actual business.
This should really be the mindset of most project developers right now. Its important to have future plans and not just the ability to launch their platform. A working platform is good but a platform with future developments are the best thing which would result into more usage and increase in credibility. Its a challenge for most developers but some platforms really pushes through so that they can give the best to their supporters.
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ololajulo
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December 23, 2020, 08:42:21 PM |
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Am always of the opinion that team or developers are the most important factor of a project. There is no reason for project that does not serve a purpose or meet a need but when a developer see a need a build a solution to fit it. There are many exchange why is binance doing better, same with Satoshi, Vitalik, Justin, Brian armstrong; they make most of the decisions that determine the success of the project. Whenever I see project with developer that has/have strong track record, I know he has better chances to succeed.
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articlecity
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December 23, 2020, 08:46:53 PM |
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The ICO craze has enabled a lot of these developers to just march out on their own and start coding, make a website, answer telegram questions etc etc, all the while thinking that they are doing something truly unique. They forget that at the end it is a business and they need a product. A product needs marketing, advertisement and all that shit. Yet, the problem with most of these so-called undervalued, good devs is that they all think they are on to something unique. It is impossible for everyone to be a Satoshi or a Bill Gates and make a business from scratch simply on the basis of the novelty and brilliance of their ideas. The echo chambers of their telegram/ Reddit groups makes it all the more easier to fall for this narrative.
They all could do much better only if they used some business sense and actually invested in marketing their product, meeting potential clients and just run an actual business.
Developers with real projects need to get out of their comfort zones and go out in search of theor potential market, partners and new ways to attract userbase and business as if you develop a quality product but no one knows about it and no one uses it will make it useless.
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Eddyc
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December 24, 2020, 01:51:51 PM |
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Yes, this is exactly what investors and supporters must know and understand to avoid falling into a trap and making the right investment. Nowadays what counts is the willpower of the developer to reach any level of quality. Thus Marketing, team and community is the consequence of the developer's will.
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Note* I write about projects that can do something for society. Now whether this will happen depends not on me, but on the project team. I'm just a writer... DYOR
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