What is the most important in a cryptocurrency project?

[MisterKT]

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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[BrewMaster]

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.

[MisterKT]

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.

[erikmatik]

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.

[MisterKT]

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 

[hatshepsut93]

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.

[xFiber]

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.

[soronmar]

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).

[MisterKT]

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

[eagleman]

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.

[arwin100]

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.

[Kakmakr]

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^

[MisterKT]

Thank you all for the resourceful answers!

[Joel_Jantsen]

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.

[minthit]

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.

[arwin100]

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.

[aTriz]

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.

[ipanks]

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.

[maku]

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.

[Hamphser]

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.