Is product important for a project?

[inge]

I then have a counter question.  And why such a project if there is no product?  The whole point of the product as for me and not just in the cover.

[yslyv]

yes ofcourse it is important for a project. it is important and required to have productive projects in this ecosystem. but people unfortunately mostly focus on profit and money so production is not so common nowadays.

[Olatunjex]

So far the product is not an ordinary MVP, many team usually come up with an MVP in the name of thier product just to get many buyers, product is important but real product not MVP.

[chris_nor]

From personal experience it's important not to put too much into a project whose roadmap is far into the future. That was one of the biggest mistakes that I made, back when Bitcoin was around $500. Then your money is stuck for something that chances are won't be that successful.

[Mikcik]

I do not look at projects that only promise and advertise only my idea, I look at a prototype or a finished product and if I like it or it is useful for people then I consider such a project for investment

Investors are more experienced and demand more from projects and their teams. Institutions introduction in the space bring a challenging environment for any idea with no sustainable product. It is easier for company with the track record of product in the market (mostly non cryptocurrency) to raise higher funds from ICO, they look like the only institution or team enjoying ICO now. They even raised this high fund in the shortest of time.

Yeah, investing in projects without projects is quite difficult for investors to think that this is a good project. So if they already have the product, they will be able to review it more easily. Otherwise it is almost a venture capital

[jessyj48]

Product is 100% important for all crypto coins to survive ,without any real use case the coin will devalued in time and will be worthless that's why i only invest in coins and tokens with real use case

[zzortyx]

The success of the coin depends on its popularity and demand among fans of cryptocurrencies. The product should be of interest to all otherwise the coin just no one will buy.

[Ochakemaput]

The success of the coin depends on its popularity and demand among fans of cryptocurrencies. The product should be of interest to all otherwise the coin just no one will buy.

the market is the key for them to get an assessment. when they have a good market, of course they will be of good value. but when they have a bad market value, the coin will have no value. because of the project I am sure that I will not have development.

[dearbesz1219]

You should know why are you investing. If you are investing into company, the company should offer something cool to attract the investors. If they do not have nothing, why would you invest? 

[FUD Expert]

The mvp or minimum viable product is the key element for a project to reach it's full success. I remember a lot of projects that has a lot of hype and they were saying this and that  and like who don't buy it will be sorry. But when the moment of truth comes out which is the release of the beta of the product, the see the reality and it's ugly. And now the projects is completely dead like the others and many people got rekt.

[Samboo]

Yes. For me and everyone I think product is important for a project to attract as many as supporters and investors. Product is the main point of a project. If your product is good, it means your project is good and there is likelihood that your project will get a success in the future. So investors also want to make investment in such project that has good product.

[pelumi20]

It's not just having a product but having a very good product is very important for projects because good products will command demand for the coins or tokens of the project which will in turn increase the price of the project tokens. But it is unfortunate that most crypto projects don't have a good working product and that's why they struggle.

[spydee1522]

Projects with already made products are the best kind of projects one can come along or ever meet. Product is very important as it gives value to the project and sells the project very well as compared to projects without products. Products in itself alone as a major marketing campaign for a project and investors and bounty hunters even prefer investing, working or promoting projects with products more than the projects without.

[sebastianluv]

Yes product is quite important for the success of a project. Successful ICOs have their own good working product/services and those who failed with their ICO phases doesnt have any produt or they have but it is not so good.Products will be the main reason why those investors are going to be convinced to join your ICO that is why existing products is a must because it will be the main reason why most of the people will support your project.

[Handsome Boy]

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

of course product is very important for a project, because without product, people will not believe to invest in the project and product also functions to make the coin price of the project increase, because if product from the project is good then of course many people want to invest in the project and make the price increases very high.

[Belianez]

I then have a counter question.  And why such a project if there is no product?  The whole point of the product as for me and not just in the cover.

I think even now an experienced team can not pull the project without a product , I think this is the main part of the project to be successful , because without it, it is unlikely that this coin will get into the top coins.

[Youghoor]

Having a workable product backing a crypto project actually defines the progress and future of the project.  Normally projects will workable products usually bridge gaps seen in either the crypto ecosystem or the world in general. 

[tisoysoy]

For me, It's a yes to know the customer or investors if what they're trying promote and what it makes good impact into society and to crypto community. If the project is good then many investors will put their investment on their project and it should be updated to be more interesting and will get through success soon and will put in a good exchanges site.

[princeyeboah]

One of the key components of a project is its product. This is necessary for the project to stay alive on the crypto market. This is because good product always keep the demand of the coin on the market going and as the demand increases, the value and price of the coin of the project go up respectively.

[DainSLane]

Of course i believe on that product is important for a project because people or investors who are looking, if you have good or high quality product to introduce to the community and they are going to buy your product and the project will be successful.