Why new Projects?

[Cat Coin]

Very often new projects appear with the solution of old problems. But there are new ones that develop the direction of the Blockchain, they should be sought. Now on top of the Blockchain comes in a traditional business. So the future of our market is promising.

[Bezobraznike]

Very often new projects appear with the solution of old problems. But there are new ones that develop the direction of the Blockchain, they should be sought. Now on top of the Blockchain comes in a traditional business. So the future of our market is promising.

   Or younger people believe that they can do it better. Competition is old as human race, every person wish to make
something unique, better than anything previous.
    Normally not everyone can fulfill high standards that crypto-community have now. Many of new project fall in the
water very soon.

[2Kool4Skewl]

New projects are of course always needed. Because technologists are developing and becoming stronger and stronger every day. It seems to me that the new project is always something interesting and becomes simpler and optimized.

[qazgroup]

Just consider all these new projects as offline and real world businesses, you will see not every new business or venture os successful so many end and result in partial or complete loss to the owner or investor while only a handful of businesses make it big and make the owner or investor very rich same is the case with crypto projects, we have to be clear about this not all investments will be profitable.

[klaaas]

It is just one of the ways to get attention and spread there token/coin under the masses. For the same reason the dev funds allocated are getting bigger and bigger.
Sure there are bright minds that join inn on a project rather then startup one.

[glendall]

most people prefer a good new project because it's still cheap and hopes the price goes up several tens of thousands of percent,
but actually this great strategy is pretty good because it's still gambling,
if I prefer playing safe but the profit is clear and maximum.

[Yalovtsev]

Yes, the thing is that it is much easier to steal other people's money(so think criminals,and think that they will not do anything for it) or to promote the project and develop it to gradually,from year to year, the project developed and introduced into society and benefited people and investors and accordingly made them richer,so while such thinking sits in people and will SCAM projects appear,and this seriously spoils the market

[Frank Walters]

Well
New projects are supposedly meant to solve new problems in the decentralized way

So if you find projects replicating old projects without preferring an advanced solution
Up to you tod decide; dyor

Nice say on this. I totally agree. New projects should have new concepts that can address the issues that old projects was not able to. If ever what new projects can you suggest then? Can I have your opinion about Membrana and Beatzcoin? Membrana would soon have their ICO and Beatzcoin will be having its IEO on Binance. Any inputs for these projects would be appreciated.

[Bttzed03]

I keep wondering why new projects are being introduced into the cryptocurrency economy

It's just the nature of business. When there's a market opportunity, people will try to get a piece of the pie. As long as we (consumers) keep on asking, someone will always come out to meet those demands.

But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate.

Complicated and not a practical approach in my opinion. It's like buying a dead coin and trying to resurrect it will take a lot of time and resources. I don't any team would want to be defocus on what they are trying to achieve.

[rjp55]

I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.

But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?

Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense

I believe it mostly happens like that. A group of people see an ico get really good money which they don't really deserve and they say hey, we can take some money too which we don't deserve. So new shit projects popping up

[baghdatis1990]

      New projects are essential because we meet daily problems that need new solutions. Unfortunately, most of the new projects are failing because their precise purpose was just to earn some money and to fool investors, being just SCAM projects.
     Other projects were developed later, and the proposed solutions were resolved by other projects. And this may be a reason why the project goes bankrupt.
      The main reason is the SCAM project. These projects believe they could be stopped by having a KYC for team members.

[CryptoLing]

From what basis you could possibly said this?

we all will agree that about 80% of these new projects either don't do well or exits as scam

I saw a lot of new projects that ran without ICO and still running at this very moment. Many of scammy ICO is the project that did their ICO back in 2017 where we had a bullrun, but now I see the crypto space is already mature.

[edmundo]

I personally believe everyone wants a piece of the pie and doing all they can to get in on the action. Also, considering the fact that, cryptocurrency seems to be the in thing with massive opportunities and the ability to become even better, everyone is investing in the future thus, the constant development of new projects.

[mrdeposit]

New projects are worth to look at but can't say the same thing for investing purposes. After the failed ICOs it is hard to repair the broken investor confidence in a short time. New ones are not reliable compared to older projects.

[Evrolina]

I feel no amount of post on this can make new projects to stop coming into the crypto sphere everyday for two reasons,
1. To scam people
2. Coming to prove that it is better than the existing one.

[playboy654]

The new projects must be trustable because there will be a huge options available for people to choose but in some cases it will be like a scam that's why they don't want to get involved in new projects and this will make their trustable product also not valuable.

[Hannahanto]

I am sure you all may know that ICO did not meet upto the point in last two years. Now you must be aware of IEO. Initial Exchange Offer which will be the next more from crypto i suppose. Choosing an exchange and the exchange exposes the coin by giving offers to the traders for few days. When the traders know the respective coin's project and demand, the value will keep increasing. This new move should eradicate SCAM activities.

[forexandcryptoauditor]

With new projects, we can see some new interesting, technically solid and worth to invest project. But it does not mean that all the projects are legit. It is most difficult task now for investors to identify any scam project.
Regarding the necessity of bounty hunters, the job is getting harder and harder each day. Also rewards are not like 2 years ago.
With some successful IEOs, on binance, a clear message to Bounty hunters that they ate not much important.
Let's see how it goes.

[passwordnow]

I haven't heard that there's like this before. That a project mainly focuses to the failed ones and they want tocmake that project alive and lively. This could happen or its actually happening, I just didnt heard about it before.

[mattadc]

Recently, very often I come across the fact that new projects are not focused not on a quality product, but simply on breaking off a piece of cake. Honestly speaking, these are just scammers who want to make easy money.