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Author Topic: What is the most important in a cryptocurrency project?  (Read 3272 times)
MisterKT
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September 17, 2017, 01:34:57 PM
 #1

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
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September 17, 2017, 02:50:37 PM
 #2

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

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September 17, 2017, 03:41:56 PM
 #3

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

Thanks for your response!
That's also my personal opinion. I just have the impression that nowadays all the people bringing a project to ICO want to show how knowledgeable their team is to bring confidence to big or individual investor.
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September 17, 2017, 03:59:26 PM
 #4

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

Thanks for your response!
That's also my personal opinion. I just have the impression that nowadays all the people bringing a project to ICO want to show how knowledgeable their team is to bring confidence to big or individual investor.

hits all the spot!!! Some projects are made just for the sake of making a project. A team has a goal, mainly to achieve success in their chosen projects. But sometimes the essence of the project is missing. Usability and application to daily activities must be the main objective. As i've read somewhere before, a good project or idea is one that solves a problem, be it small or big. If the public sees the use, then it goes boom.

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September 17, 2017, 04:18:42 PM
 #5

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

Thanks for your response!
That's also my personal opinion. I just have the impression that nowadays all the people bringing a project to ICO want to show how knowledgeable their team is to bring confidence to big or individual investor.

hits all the spot!!! Some projects are made just for the sake of making a project. A team has a goal, mainly to achieve success in their chosen projects. But sometimes the essence of the project is missing. Usability and application to daily activities must be the main objective. As i've read somewhere before, a good project or idea is one that solves a problem, be it small or big. If the public sees the use, then it goes boom.

Agree  Cheesy
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September 17, 2017, 05:24:34 PM
 #6

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

The most important thing for me is to set realistic goals. When I see that some group of people with no background promise to revolutionize and disrupt some big industry and connect billions of people, it sounds extremely suspicious. Also it's important to explain in depth how your project will work and why it is good, rather than just spamming buzzwords like decentralized, distributed, blockchain, tokenize and so on. And in the best case scenario you would have some working prototype to present before potential investors to prove that you are able to deliver your project.

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September 17, 2017, 05:45:33 PM
 #7

I usually ask myself the following question:'Would I personally use this token?'. If the answer is no because of niche related reasons I might reconsider but usally if the answer is no I don't invest a lot. The biggest problem most people make is to invest in thing that they think people will use, while in reality people won't really use it after all. Therefore the price is essentially hyped up by pure speculation and not by real life use.
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September 17, 2017, 06:03:11 PM
 #8

The project should cover a real world use case.
There are already hundreds of projects which don't cover any problems. The only reason why they exist is for p&d.

If the project can solve a real world problem, it is highly likely that this token/currency will get adopted (by mainstream).
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September 17, 2017, 07:26:09 PM
 #9

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

The most important thing for me is to set realistic goals. When I see that some group of people with no background promise to revolutionize and disrupt some big industry and connect billions of people, it sounds extremely suspicious. Also it's important to explain in depth how your project will work and why it is good, rather than just spamming buzzwords like decentralized, distributed, blockchain, tokenize and so on. And in the best case scenario you would have some working prototype to present before potential investors to prove that you are able to deliver your project.

Very interesting! what would you choose between:
1. Good team having experience related to the domain, but with an unconvincing  MVP: We can take the example of Monetha, for which there is no downloadable app although they are showing one in the video (Very similar to Jaxx...)
2. Young people with promising future and working MVP: We can take the example of facebook, at that time the application showed some good functionnalities but they were still at University

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September 17, 2017, 11:07:51 PM
 #10

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?

Transparency, real road map and white paper. What will be the reason that people invest to your crypto project? Is there something specific that project will be used in future?

Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

Yes, as long as they have experience for making a successful project, quantity doesn't matter but quality.

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

I see, so you have the answers now.


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September 18, 2017, 05:27:19 AM
 #11

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

It's because Yahoo and snapchat have a goal and that is to became more successful for long time basis but we cannot really tell easily on wheter which cryptocurrency project will be last for long years since some of the coins are just funded for scam purposes but if you see some coins like few ICO coin running who have promising project and the people behind them are real one who's excellent background on online industry then it must be the perfect project to stake on.



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September 18, 2017, 07:17:20 AM
 #12

Microsoft was started by this team :



It was founded by Bill Gates and Paul Allen in Albuquerque, New Mexico and now Microsoft employ 114 thousand people worldwide. It does not matter how big your team is, they just need to spot a need and a gap in the market and they have to fill that gap with a good project.

Does that answer your question? ^smile^


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September 18, 2017, 06:05:14 PM
 #13

Thank you all for the resourceful answers! Smiley
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September 18, 2017, 06:30:53 PM
 #14

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
There is a quote "Two developers get work done in 24 hours,the same work would be completed by a single developer in 12".Not sure if you will understand it but the team size doesn't matter,the work progress does.Having a big team needs more employee management techniques than code management.Less team,less ideas,focused people.

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September 19, 2017, 03:59:35 AM
 #15

I have read a post about it. It is a checklist to figure out whether it's legit or scam. All are previously mentioned, like, transparency, roadmap, background team, etc. I think questions like 'is the project idea new', 'is it really necessary', and most importantly, 'does it 'wow' me' and make me wanting to try it' should also be added. Smiley

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September 19, 2017, 07:27:44 AM
 #16

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.


No matter how many people consist of the project but if they are building a real one then why not support them for there cause? and also those big teams listed is unsure since we don't know if the face pasted there is real and not been photoshop.

But for all of this though much better if you go on the project who's been made by well known people on cryptocurrency industry so that you can assure that their project will became good.



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September 19, 2017, 07:39:13 AM
 #17

Well, due to past experience, the icos and investments I have made were in projects that brought something new to the table and also presented it well. Sure ideas are important, but to me they are just a dime a dozen.

What really makes me unlock my wallets, is evidence that the company has presented the idea in a sense that explores it's full potential.

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September 19, 2017, 10:01:37 AM
 #18

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

i think if they were a small group only but they are capable to do more than a big group then why not? because i am in the project with only 6 people inside the project. but each of us have our own capability to do more things. i believe that if we are small group but we can work like a big group then in the end the project will work best and the group will grow from time to time.

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September 19, 2017, 10:57:50 AM
 #19

1. It doesn't matter whether the developing team is big or small. I've seen some amazing project conceived by 1 person. It the end it is all about the brilliance of a mind.
Adding more people to the team is not always a way to upgrade process of creation.

2. Trust, transparency and solid idea - these are core factors of every cryptocurrency project. We had enough of badly presented scams.
What we need is truly unique and meaningful - we don't need a coin which will be used by ornithologists or prisoners the idea is too niche. This is not the way.
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September 19, 2017, 11:37:09 AM
 #20

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

Thanks for your response!
That's also my personal opinion. I just have the impression that nowadays all the people bringing a project to ICO want to show how knowledgeable their team is to bring confidence to big or individual investor.
If people do saw that a particular Project which do have real life usage will surely succeed and on of the things that i do always seek up when i do invest into them is their transparency and experience regarding on its developers or owners.On this field it doesnt really matter regarding on the quantity as long they can able to raise the project without using too much manpower.If they are just few but do have quality obligations and role being excellently done then it would really a big thing for potential investors and also into a project which do have updates everynow and then regarding on the developments and progress.This is really a plus for me.


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September 19, 2017, 12:06:55 PM
 #21

Product, product and one more time Product. Smiley

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September 19, 2017, 01:30:43 PM
 #22

I would say how "useful" there project is gonna be for real world usage, transparency and a good background team.. for example, I just heard about Dragonchain and was interested cuz its from Disney.. so I started looking into it.. Im not an expert but it looks pretty promising with a platform and other funcitons that could actually be of some real use to the world imo, but its pretty complex for me in depth... not sure I understand it all. What you guys think?
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September 19, 2017, 02:22:10 PM
 #23

To me it's definitely not about the team, it's much more important to have a good idea and to plan a well-thought project based on it. The members of the team need to be checked thoroughly if that is possible to do, but sometimes the project can be not really open about the people who stand behind. In this case, you need to rely on the information provided to you.

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September 20, 2017, 02:00:52 AM
 #24

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

I would say they are both very important, however, I would prefer the small team for easier communications. 
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September 20, 2017, 02:17:35 AM
 #25

Idea is improtant, but if there is no professional team any idea won`t be alive. And you should understand, that some ideas sounds good, but not all of them able to be done nowadays. And if ofcourse marketing and design are importand for those who want`s to pupm their money, becouse in two simillar project user will choose that one, which looks more attractive and smart.

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September 20, 2017, 04:56:04 AM
 #26

To me it's definitely not about the team, it's much more important to have a good idea and to plan a well-thought project based on it. The members of the team need to be checked thoroughly if that is possible to do, but sometimes the project can be not really open about the people who stand behind. In this case, you need to rely on the information provided to you.

But you are wrong. It is all about the team. There are many cryptocurrency "projects" that have collected millions in their ICOs but have not made or released anything good yet because their team "sucks". Another example of a Bitcoin company that maybe has a bad team is 21.co. Remember them? After being marketed as the Bitcoin start up with the largest funding from VCs, what have they done? Nothing. They go to pivot after pivot until they will burn through all their funding.


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September 20, 2017, 08:38:26 AM
 #27

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
I think why not!
depending on the project manager is very widespread or not.
and I prefer a growing team and a sensible project.  Wink


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September 20, 2017, 09:38:03 AM
 #28

Cryptocurrency or Blockchain technology has the potential to
replace or disrupt big businesses.

I firmly believe Blockchain technology can play a huge role
in changing how things are done online and it can happen
without the general public knowing its Crypto.

So what is important in a project?

Useage - Something which will be adoptable by many, a real
world workable crypto solution or alternative to traditional businesses

Clarity - Making it clear what the project is about

Roadmap - A proper and realistic timeline for each step in the project,
not over-promising and under-delivering

Timing - being able to deliver each stage of the project on time
as per the timeline

Funding - Proper funding structure without somehow coming across
as being a scam project. I mentioned in a previous thread that something
like Kickstarter might work. Funding on a pledge basis!



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September 20, 2017, 12:59:18 PM
 #29

Solve a problem that people have, in a simpler way than before, aim much simple. So simple that it makes no sense to use the old ways.

If the solution to the problem you are solving is just an incremental solution to the already existing ones, then most likely you will fail.

It is better to spend quite some time on the white board before even thinking to get near a keyboard to code.

Solve a problem in a way that, when you explain it to knowledgeable people they would react somethink like 'I wish that existed' or 'If only' or 'I want in'.

Take care and keep going Smiley

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September 22, 2017, 12:28:21 AM
 #30

I agree with that one person, It's all about having a good product if you have that all the rest will fall into place.
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September 22, 2017, 12:40:29 AM
 #31

Project has to solve a real problem, or create an alternative solution to an existing problem which has been solved by someone else.  This solution has to be enticing enough for users to change its habits. Also no matter how big or small project is team is everything!  There are a lot of great ideas out there but very few people who can actualize them.  Size of the team makes no difference.   
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September 22, 2017, 01:14:43 AM
 #32

A product is very important, but at the moment you need to decide if you wanna invest or not there could be just a project of product. That's why I would prefer to be sure that there is a great team, be confident in their experience and reputation
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September 22, 2017, 02:58:34 AM
 #33

It has to be something I would use, so I really look at token applicability, preferably outside of their platform (or at least if there are plans for that) and I also look at mass appeal.

These are the 3 things I look for in an ICO (in no specific order).
- Token applicability.
- Concrete idea with realistic goals (I prefer if it is a product / project that is already out there).
- Solid team.


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September 22, 2017, 05:00:38 PM
 #34

It has to be something I would use, so I really look at token applicability, preferably outside of their platform (or at least if there are plans for that) and I also look at mass appeal.

These are the 3 things I look for in an ICO (in no specific order).
- Token applicability.
- Concrete idea with realistic goals (I prefer if it is a product / project that is already out there).
- Solid team.



how would you define the applicability of tokens?
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September 23, 2017, 08:01:40 AM
 #35

It should be indeed useful for people.

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September 23, 2017, 08:05:11 AM
 #36

It should be indeed useful for people.

This is the first thing that I look into it the usefulness for the people in the long run. How can it solve the problem which people are facing currently and then comes the team. Having a right balance of team members is equally important to run the company for longer time. Also Vision is what makes a difference in time of crisis or difficult situation.

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September 23, 2017, 05:07:49 PM
 #37

The most important thing I look out for is the business idea. It must be innovative and able to disrupt the market.
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September 24, 2017, 03:12:59 PM
 #38

An idea that can be utilized by other crypto projects is a good thing to look for. For a project to succeed, the team behind it need to be committed and believe in their product! Of course, from the investor perspective, this can be very hard to gauge. If the developers have frequent and open communication with the community then it can be a positive sign.
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September 24, 2017, 05:07:54 PM
 #39

The most important thing for me is an innovative project with a developer updating his code frequently on github, transparency !

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September 24, 2017, 09:24:56 PM
 #40

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

I think it need really  useful, practical and new; give people confidence in the platform and the development team of the project. One thing that is indispensable is that you need to build a community for it with campaigns like signature campaigns, media campaigns....

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September 27, 2017, 08:53:11 PM
 #41

The most important thing for me is who are the founders of the project, what is their background, did they do something meaningful before the ICO... The team is the key reason I'll choose the ICO!
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September 28, 2017, 05:24:38 AM
 #42

the most important in a cryptocurrency project is
1. a real project built by a strong and solid team. because if the project has a solid team then they can work well together.
2. transparency is also required. investors will be interested in investing in a transparent project that does not hide anything.
3. clear road map
4. clear and measurable vision and mission.

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September 28, 2017, 11:55:35 AM
 #43

the most important in a cryptocurrency project is
1. a real project built by a strong and solid team. because if the project has a solid team then they can work well together.
2. transparency is also required. investors will be interested in investing in a transparent project that does not hide anything.
3. clear road map
4. clear and measurable vision and mission.

Think in the same way.
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September 28, 2017, 12:33:26 PM
 #44

I saw the whitepaper about Cappasity and how do you thing it is a scam? https://artoken.io/whitepaper
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September 28, 2017, 02:00:00 PM
 #45

the most important in a cryptocurrency project is
1. a real project built by a strong and solid team. because if the project has a solid team then they can work well together.
2. transparency is also required. investors will be interested in investing in a transparent project that does not hide anything.
3. clear road map
4. clear and measurable vision and mission.

I will add
- good and famouse  advisers
- planned marketing campaign
- 24/7 support and community replies
- attractive  WP and website

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September 28, 2017, 02:56:16 PM
 #46

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

I think I wanna share my opinion:

1. Unique and Innovative
2. Clear vision and mission
3. Real and usefull benefit for society
4. Solid team for marketing

.
PLAY
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September 28, 2017, 05:08:51 PM
 #47

Being peer reviewed and then fully tested.

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September 29, 2017, 01:00:30 PM
 #48

There are a lot of things which could be called as important. But, I believe dedication, passion, and willingness to do something makes the cut, at least for me.

Most people think having knowledge is enough, but without passion and the desire, it will mean very little. It will more be like a robot programmed and such ways only get you to limited levels in life. The person with passion and desire got no limits, as there is no boundary line for him!

~Cryptonetix.com~
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September 29, 2017, 01:28:42 PM
 #49

well conducted ICO)
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September 29, 2017, 01:40:38 PM
 #50

innovation and real usefulness!

anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.

for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).

you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.

Can't agree with this more
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October 03, 2017, 08:21:58 AM
 #51

The team should be transparent and credible with real profiles. They should  always answer questions from possible investors.

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October 03, 2017, 02:45:32 PM
 #52

it was small in time but then it grew up yeah you're right. snapchat and many garage companies were established and grown this way.but I dont remember that no garage firm started an ico. they have not invested in these projects from us either. so I think that today's conditions should not be compared with today. That's why I will invest in a real prospecting team of projects. how many people are there and the most important question is:? Are they real people? or the fake people created in some way.



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October 03, 2017, 11:50:23 PM
 #53

team! the personality of founders, their experience is the main point you can say the project has a great future...
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October 04, 2017, 02:52:25 AM
 #54

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

The most important thing for me is to set realistic goals. When I see that some group of people with no background promise to revolutionize and disrupt some big industry and connect billions of people, it sounds extremely suspicious. Also it's important to explain in depth how your project will work and why it is good, rather than just spamming buzzwords like decentralized, distributed, blockchain, tokenize and so on. And in the best case scenario you would have some working prototype to present before potential investors to prove that you are able to deliver your project.
agree, there are a lot of projects promising the world, just bullshit...

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October 04, 2017, 03:05:02 AM
 #55

nothing is good if the project has no future viability, i am a good team wont succeed without a nice project and vice versa.
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October 04, 2017, 04:09:56 AM
 #56

A product is very important, but at the moment you need to decide if you wanna invest or not there could be just a project of product. That's why I would prefer to be sure that there is a great team, be confident in their experience and reputation
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October 04, 2017, 09:24:28 AM
 #57

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

bubles hhhhhhhhhh
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October 04, 2017, 09:30:59 AM
 #58

My opinion is following:
1. People who are engaged in the project should be multifuctional and professional. They should have a great desire to work with it. Thus, the process will be faster and more qualitative.
2. The project should be useful and innovative.
3. The project should be come-at-able and necessary+important for society.
4. The marketing compaign should be well-done.
5. The transparency of the project is so important for the investors.
6. Clear plans, numbers, definitions and etc.
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October 04, 2017, 09:32:40 AM
 #59

Я бы вложила в такую проект.После себя тянешь за собой рефералы.Начинающие проекты иногда бывают успешной.Всегда нужно попробовать.
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October 05, 2017, 08:39:39 AM
 #60

The dev/s should be active. If people are asking them about the project and they did not give time to answer then it just mean to me that they are just after the money.

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October 05, 2017, 10:18:59 AM
 #61

If you are a talented Developers and you want to join and grow an emerging good. cryptocurrency project? PN me

regards

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October 05, 2017, 03:47:41 PM
 #62

I feel it's the marketing...
A good coin without marketing won't still be recognised
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October 05, 2017, 07:32:36 PM
 #63

I feel it's the marketing...
A good coin without marketing won't still be recognised


that is so true u can have the best idea that is most useful its nothing if u cant market it and cant build a community to spread it, that is unfortunately quite tough and humans arent born with that skill

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October 05, 2017, 09:25:24 PM
 #64

I feel it's the marketing...
A good coin without marketing won't still be recognised

You're wrong, marketing is just a way to raise awareness about the existence of your project. For me what's the most important thing is what will be the use and sense of your project? Do you really have to create that? After the project what's now then? I agree on him.
innovation and real usefulness!
This what should the upcoming projects should focus since most of them are just the same crap and that keeps on renaming their projects and keeps on relaunching.

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October 05, 2017, 10:02:45 PM
 #65

I think most important is to gain trust, in crypto it's more hard because of bitcoin nature, there is no way to get money back if you deposit somewhere. OP you asked if someone would invest in project where there are 3-5 man. I would say yes and there are many facts, usually bitcoin gambling websites are with some men but as you see people invest in their website to get profit (this proves gaining trust is main idea too).
The most important factor between idea and team is well organized plan.

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October 06, 2017, 01:17:01 AM
 #66

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.


It doesn't matter to me if the team behind the project are dozens of people or 2-3. What important for me is their backgrounds, if their skills fit perfectly on the project because I want to be sure that they know what they are doing. I don't want those types of team who are starting a project then announcing that they need a person that is able to conduct the project.
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October 06, 2017, 01:50:52 AM
 #67

Probably the most important thing is just their transparency, i would never invest into a project that is never showing 100% transparency about their funds, how do they manage them, and how are they going to make revenue from their project. And obviously their devs should be nice people, and be very active too.. There are too many scammy icos at the moment, i dont know in which one to trust anymore.

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October 06, 2017, 08:36:35 AM
 #68

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.


It doesn't matter to me if the team behind the project are dozens of people or 2-3. What important for me is their backgrounds, if their skills fit perfectly on the project because I want to be sure that they know what they are doing. I don't want those types of team who are starting a project then announcing that they need a person that is able to conduct the project.

For me it matters but aslong the team consist of popular and skilled guys then that could be a good plus since they can work easily and accurately with their product since they could assign each other on different task,  And its pity and feel sorry for those investors to go with the guys who's seeking some help here since it means that they cannot back their project up and this one could be our indicator that project is shit and the coin is more shittier.



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October 06, 2017, 10:07:49 AM
 #69

- It should be useful and bring an innovative solution that solves a real world problem
- There should be demand for this solution
- There should be enough knowledge about the particular market the product will be launched on.
- It should be clear how investors are rewarded, how to make a profitable company etc.

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October 06, 2017, 01:21:51 PM
 #70

I feel it's the marketing...
A good coin without marketing won't still be recognised

You're wrong, marketing is just a way to raise awareness about the existence of your project. For me what's the most important thing is what will be the use and sense of your project? Do you really have to create that? After the project what's now then? I agree on him.
innovation and real usefulness!
This what should the upcoming projects should focus since most of them are just the same crap and that keeps on renaming their projects and keeps on relaunching.

i have an innovative and useful coin but my marketing isnt developed so nothing works well, not even for the early development phase. So i have i am currently working mainly on marketing, the idea.

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October 06, 2017, 02:07:58 PM
 #71

1. Vitality and originality of the idea. The project must solve the real problems of users better than existing solutions.
2. The team. Where everyone understands what he is doing.
3. Strong advisors in the crypto currency, subject area, marketing and the legal field. Or such professionals in the team.

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October 06, 2017, 04:58:45 PM
 #72

There many project in crypto that exist, in my perspective one most important in cryptocurrency project are, usability in real world and true innovating project. And ideas and project are exist in crypto for the sake of having a "project" but in the end the project remain useless as it dont have a usage in the real world even innovation. If you want to make a project it should be useful. Like for example Facebook that connect different people around the world in just one click. Its a simple idea that turns in to a million dollar company as it is very useful to everyone.

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October 06, 2017, 11:18:15 PM
 #73

I saw the whitepaper about Cappasity and how do you thing it is a scam? https://artoken.io/whitepaper

dunno...but doesn't look like scam..  Cappasity established more than 3 years ago and already launched the platform, crypto looks like natural next step but not like scam
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October 07, 2017, 11:15:50 PM
 #74

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

In reality, having a large team working on a project does not assure or guarantee success. And it all depends on the nature of the project, why would you want a 10 man team for a 4 man job. Total waste, I believe, and the economics is completely off.

You add to the team when it is necessary to, no point having a big team if there is no value to it.

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October 08, 2017, 06:44:25 AM
 #75

A good question. The most important in project is how the company coming in pre ICO period and what others  response about it . If they advertise it successfully by group who will work behind it, it may come with successfully in market. if the pre ICO is success then ICO period is important in same way.

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October 09, 2017, 10:29:35 AM
 #76

It is impossible to chose between team and the idea. The combination of this two is giving the greatest results.
Sometimes it happens that the idea is great, but the team is so poor that they just have no skills and knowledges to realize it. Or the team is pro, but the idea is so so and it just not in the demand and it all lead to big costs.
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October 10, 2017, 01:02:35 AM
 #77

I believe its a community of users, if people don't actually use your cryptocurrency then it has failed woefully.
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October 10, 2017, 01:36:52 AM
 #78

Never listen to chinese greediness
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October 10, 2017, 01:51:39 AM
 #79

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

sometimes for traders they just follow where the money is but for investors which want a long term HODL a clear goal and use case is important. For me personally i want a project that really have real use case such as facilitating remittance and money transfer with low fees that would be at par or lower than the existing. Fast transfer/processing.
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October 10, 2017, 05:12:41 AM
 #80

First of all, the idea has to be unique or atleast making an existing idea, even better.

Secondly, the team should be experienced and motivated enough to make this idea a reality.

Thirdly, marketing. This is one that most people either miss or focus on completely. If your strength is product development, then hire a marketing agency (like mine) to take care of the marketing part of the project.

Only then, the project really reaches its true potential.
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October 11, 2017, 08:44:53 AM
 #81

 There's  now a lot of signs or lists in threads that will guide you to choose an ICO but what's most important for me is the timeframe. If I saw that their site is just made a while ago or almost one year, they won't pass to me  and I won't make an investment with that type of projects.

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October 11, 2017, 10:42:43 AM
 #82

some important points:
have a strong vision and good communication
have a team that supports the vision and is commited
connect to other startups/organisations
be unique. try to write down the unique selling points as short and precise as possible
understand your competitors
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October 12, 2017, 06:06:01 AM
 #83

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

I think you mean founders, when you have funding you can always hire professionals to work for you

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October 12, 2017, 08:10:24 AM
 #84

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

  i think that it doesnt matter if your team is composed of only 3 to 5 persons, as long as your project is somehow unique and one of a kind.   also you need to think of a concept that is trendy and indemand today to get attraction to the public. although ico's these days has got a bad reputation to the mass because some of them are scamming lately.

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October 12, 2017, 08:18:25 AM
 #85

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

  i think that it doesnt matter if your team is composed of only 3 to 5 persons, as long as your project is somehow unique and one of a kind.   also you need to think of a concept that is trendy and indemand today to get attraction to the public.

Well to a extent I would have to agree. It doesn't matter how many people are involved as long as they are really into the project. Let's look at how Facebook was founded. Only few have people has started but since the idea is very nice and one of its kind that time, it gained traction about the masses so it grew to what it is right now. So I believed that even small teams are capable to really put a good project in plan and take it into another level. However, there are also project that involves a lot of technical person in the beginning but didn't make it bigtime. So it really doesn't matter how many persons are involved, as long as they are dedicated and they have one goal in mind, to be successful in the future.


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October 12, 2017, 01:27:19 PM
 #86

Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?

I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.

  i think that it doesnt matter if your team is composed of only 3 to 5 persons, as long as your project is somehow unique and one of a kind.   also you need to think of a concept that is trendy and indemand today to get attraction to the public.

Well to a extent I would have to agree. It doesn't matter how many people are involved as long as they are really into the project. Let's look at how Facebook was founded. Only few have people has started but since the idea is very nice and one of its kind that time, it gained traction about the masses so it grew to what it is right now. So I believed that even small teams are capable to really put a good project in plan and take it into another level. However, there are also project that involves a lot of technical person in the beginning but didn't make it bigtime. So it really doesn't matter how many persons are involved, as long as they are dedicated and they have one goal in mind, to be successful in the future.
Being successful in one project is not about the numbers of people including in job, even small numbers of people who founded a project. I think it will gonna be successful especially if each one have a good idea and own professionalism. Good example the Facebook it comes from certain idea that fixed and mixed until become one of the most trusted and successful social communication of everyone.
Therefore, now bitcoin was starting to become famous and it is not too far to success.
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October 14, 2017, 08:22:48 AM
 #87

As long as they are willing to show the real persons behind their ICO and I won't think of them as scammers because scammers always hide their identities.

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October 14, 2017, 10:16:34 AM
 #88

Easy answer on this one. In my mind the most important in a crypto project is definitely the community. Then of course the team and the development.
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