Is product important for a project?

[jumiapaul]

One of the most important index to know a successful project is by the workability of its products or services. The demand for the token will be tied to the service of which the tokens are used as a means of payment. For a project to assure investors of higher returns, it's imperative that a working product is established.

[CuriousGeorge]

Ofcourse! A coin is nothing if there is no working product. Everytime there is a new ico, 1st thing i look at is if they have a working product or planning to launch soon. Product is one of the proof that the team is really serious on their project.

I think that planning of product launch in the near future is not an indicator of project success. this is just an excuse for raising money

At least the product will give you a lot of hopes. there was a lot of platforms can't even create an MVP. the product is really important because investors are investing their money to see the product to be adopted and they can get the advantage from there.

[rickyNmorty]

Yes. There are 4 key metrics for good and successful ICO. The product is the first standard you always need to check before investing in an ICO. It’s good if they have a working product already but it’s also okay if they have just a vision written down in an excellent whitepaper, but you need to make sure that it makes sense for it to run in the blockchain / in a decentralized way. The other factors are the team, their metrics, and their marketing strategy. All these considered, guaranteed an ICO will be deemed successful in the future, like Bitrus and Files.FM.

I do believe that the product is the foundation of the project without it the whole project will fall under scam and fraud category on investor's view. I don't know if its just me, I am having hard time looking for a good ICO these days.

[Onanana]

Yes. There are 4 key metrics for good and successful ICO. The product is the first standard you always need to check before investing in an ICO. It’s good if they have a working product already but it’s also okay if they have just a vision written down in an excellent whitepaper, but you need to make sure that it makes sense for it to run in the blockchain / in a decentralized way. The other factors are the team, their metrics, and their marketing strategy. All these considered, guaranteed an ICO will be deemed successful in the future, like Bitrus and Files.FM.

I do believe that the product is the foundation of the project without it the whole project will fall under scam and fraud category on investor's view. I don't know if its just me, I am having hard time looking for a good ICO these days.

Product is the key to success on all blockchain projects, however, some ICO is not really into making innovations but rather running things for money. Try to also research about my recent studied ICO which is the Bitrus and Files.FM, you can look for them on ico rating sites.

[trash321]

This is the goal of the project. This is his result, which must be understood and accepted. If the project does not yet have a product, then this is also not very scary, because everything will turn out in the future.

[rickyNmorty]

Yes. There are 4 key metrics for good and successful ICO. The product is the first standard you always need to check before investing in an ICO. It’s good if they have a working product already but it’s also okay if they have just a vision written down in an excellent whitepaper, but you need to make sure that it makes sense for it to run in the blockchain / in a decentralized way. The other factors are the team, their metrics, and their marketing strategy. All these considered, guaranteed an ICO will be deemed successful in the future, like Bitrus and Files.FM.

I do believe that the product is the foundation of the project without it the whole project will fall under scam and fraud category on investor's view. I don't know if its just me, I am having hard time looking for a good ICO these days.

Product is the key to success on all blockchain projects, however, some ICO is not really into making innovations but rather running things for money. Try to also research about my recent studied ICO which is the Bitrus and Files.FM, you can look for them on ico rating sites.

Seems like both of them are very interesting project, would definitely check and research on it now.

[btcnijuan]

Yes because investors base the development of the project with their product, the overview of the product is what the investors can tell how the project's outcome in the future will be.

[accesovip]

Yes, of course if the project has a good kind of products the investors will surely invest to it and they will make it useful in the future. Nowadays marketing is still very important in crypto, probably more than even a working product.

[fuer44]

important because it will be the determinant at the end of ICO, if the product is good, then the possibility of buying back will be even greater. if the product is considered less good in the market, then the possibility of repurchasing is very small, and it can make ico die.

[Tahdayi]

Of course product is important , especially I think in this time , when from project much depends , I think if product a good the now he can withdraw on ieo a good exchanges

[Jenkins33]

Guys, how do you think, is a ready-made product important for ICO project?

In my opinion, it is, because it can show investors that the team is ready to bring huge results and has future plans.

As an example - KickCity, event platform where each user is rewarded for event promotion. You can try it today. More information you can find here  https://medium.com/@kickcity_io/kickcity-public-beta-5aa66fafc5c7

I believe that the finished and working product is interesting for investors. However, the question arises: why should developers collect investments if they already have a work product that can be profitable?

[kevinzxz]

in my opinion of course product is very important for a project, because if the project already has a product, then it will be able to provide benefits to the project, that is :
1. investors trust the project and will invest in the project
2. the price of coins from the project can increase very high, if the product of the project is very good for the future and according to the plan

[kvipcn]

Products of crypto projects basically define the expected outcome of the project. It tells you as an investor the future of the project and how the project is going to use its product to bridge the gap identified by the project team members. The product usually determines the outcome of the project's ICO .

[lousie9]

If you see the concept they provide is a very good product for project development, but we are investors, of course what we need is the development of the price of the coins they provide because so far almost all projects have good products but the price is very bad.

[covfefe_]

There are two types of businesses. They either deals with product or they deal with services. A middle man in a product chain too can be considered as service sector.
And for any business to be profitable, they should be able to sell their product and services with a profit margin and compensating the operation cost.
So, yes. A project needs product or service to start with.

[Robotbitcoin22]

This is the goal of the project. This is his result, which must be understood and accepted. If the project does not yet have a product, then this is also not very scary, because everything will turn out in the future.

Projeck will usually be very determined to be able to walk or not if indeed their product can be accepted by the community because it is the community who will also use the product or profit with the projeck.

[r.bhalla07]

Yes product is important for the project because i think the product is base of any company and this show the reputation of the company and the people are always faith in the product base company because the money is return to the customer in form of product.

[Shadovka]

To me it is extremely important to see a promising product from the ICO i can't be buying blindly when ICO does not even have a good product to attract the investors in another word it is like throwing my money into the sea.

[Dpat]

Yes, a product is very important for any project longevity. It is not mandatory that the product should be in physical form but for the service providing also we can sat that service is the product for that company project. It is the product for which the project evolved and the company will exist in the long term. So, before investing in any ICOs or the any asset and the crypto you should first evaluate the product behind the project. If the product not exist then the project also will not see.

[trauchot]

Of course, when a company has a finished product before launching an ICO, much more investors will invest in such companies, so each company must have a ready-made product just before selling their tokens to make their company more successful at the beginning.