Why new Projects?

[princeyeboah]

The Blockchain technology has a vast scope of utilization that is why various projects intends to build their platform based on the Blockchain. One of the reasons why new projects choose Blockchain and cryptocurrency is that the Blockchain enables them to store numerous information on the Digital Ledger and cryptocurrency on the other hand will facilitate all payment methods within the platform.

[ranman09]

The common answer you will encounter is, because they knew or found a problem that can be solved. Then you maybe then ask yourself, "Then why don't they just improve the current system or protocol?". Because they need or want money.

And that is the real answer.

[Bitcotalk]

The crypto market is a free market and can't be controlled, this is why we see new project rising everyday and nothing can be done about it, crypto is a technology for the world and not just for a particular country, so it's very normal for new projects to kick off everyday, though we need to stop focusing on creating new project and focus on making the existing project the best it could be in the nearest future and cause mass adoption.

[kidoseagle0312]

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

If there is always a new project in cryptoworld, it means there is only two reason why they appeared in this field of business mate.
First is their intention was to show and to explain why the community need to patronize their token and why they need to invest in it? and through their plan and road map their target investors will get interest or not about the project they have. Second, there are certain new project comes up here where the intention only is to scam others or to run away the investment of the investors only nothing else.

[sammyp]

Yes I'm aware of the fact that  new projects come in to solve different problems, but can't a new team come of with their new ideas and partner with an old team that has an idea that is almost same as the new team's idea and they work together? It might look or feel like a useless idea but it could reduce the the level at which scam enters the cryptocurrency market. I kinda feel like all the projects currently in the cryptocurrency space has already tried to solve almost all the problems we can think of, if the projects are dying, I feel they should be improved on instead of getting a new ICO and a new whitepaper to fix the issue

Yes, under normal circumstances, already existing but non performing projects should have been revived to effect the changes they were meant to bring to help society but we are in an era where one's failure gives another an opportunity. In the mist of this competitive environment, you see two or more projects trying to solve the same problem. Why this? Its because each team wants to claim the credit, "they are the best and they are doing better than all others". Simply put, there are many projects because because everyone thinks his/her approach to solving a problem is the best.

[darkangel]

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

The proliferation is sickening. Many of these new projects have nothing innovative to offer but rather to duplicate an old running project. Monthly, tons of coins are added and delisted from coinmarketcap which makes the whole ecosystem unhealthy. There should be a way to control this anomaly

[TheClownSong]

Most token in market just duplicate the project before and i think will not survive for long term. The pioneer and innovative one will always survive because the project knows the objective.

those who can survive are those who provide solutions and comfort to previous products. like binance, both project exchange platforms, and previously I thought there were many exchange platforms. and with their performance and plan they can make binance a platform that becomes an idol and even defeats exchanges that were previously there before. when they come up with the same concept and don't have good performance and market support, then they come and are ready to be discarded.

I am agree, those who can survive is who give better service and people can use it daily. Binance is 2 years old exchanger but they give good support and offering big daily transaction volume.
New project with same concept and not offering a new service, i am believe can not survive and dissapear soon.

[jusertvaz]

The crypto market is a free market and can't be controlled, this is why we see new project rising everyday and nothing can be done about it, crypto is a technology for the world and not just for a particular country, so it's very normal for new projects to kick off everyday, though we need to stop focusing on creating new project and focus on making the existing project the best it could be in the nearest future and cause mass adoption.

On the one hand I'm happy that almost every day there are new projects, but sometimes you want to quantity turned into quality. I think that eventually there will be a regulator that will filter everything that appears on the market. While it is not possible because of the nuances in the law .

[GreatArkansas]

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.

That's the problem of being in decentralization, anyone can create their own project in crypto, so expect that most of the projects in crypto are scam, like in 100%, there's 90% scam, only 10% are legit. You can easily spot a fake crypto project or ICO, just do research on every detail they said. Nowadays, some of them are on conducting ICO, a lot of fake ICO happening, they can easily launch ICO even they are not real.

[Ezenwanyi]

Although I agree that most of the new projects being churned out these days are scam projects and some worthless tokens.
But there are some also that are of great value to the blockchain.
New projects that can add value and improve upon the various key technologies of the blockchain are needed .

[Chika08]

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 reperussion of this idea, but back me up if it makes any sense

well many new projects exist for different reasons , some with good reasons and some with bad reasons. Many of has no good use and die off, some has great use while some are scam. This are what we will be facing for now

[stefany101]

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

There are too many new projects exist or being published for the reason that there are other people or organization who wants to make their own currency and make it successful someday. It is better to support those projects with a good development team so that we can assure that our funds are in good hands and it is also important to choose a project/s which is/are unique from other active or existed projects.

[JuggSlash]

As per my thinking, they are absolutely repeating their strategy and create a new project. A project who had an exit scam, they are trying to make more projects to gather fund again and again.

[Taufik blackspade team]

As per my thinking, they are absolutely repeating their strategy and create a new project. A project who had an exit scam, they are trying to make more projects to gather fund again and again.

I think that only applies to a few projects. because if they think about the progress of the project they will also definitely run their project, because they have already gotten money to develop it. but if in the beginning they were just for cheating, I think there are a lot of projects like that now.

[Pecunia non olet]

Many projects do not know how to really solve the problem what they introduced in whitepaper, they are not skilled enough. And in a times of a deep bear market the sentiment for creating something revolutionary is not as positive as we wish to be.

[Jaggi90]

Old projects were introduced according to the high market price of crypto and now those ideas are old and not acceptable. New projects have taken care of current market needs and situation.

[bakermaker123]

I can't actually get the idea of proposing a new project that is already present in the market. What are they trying to do? Do they want to battle the existing one ? I think that's a really hard thing to do especially that the existing ones have been established and dominating the scene already.

[Astvile]

We know there is maybe hudreds of thousands of project on the bitcoin/cryptocurrency world now,and new projects kept on failing to achieve what they have planned,maybe because that their project has a similar project thats been there before the new project so users will not invest there and the new project will fail because a project with same aim already existed

[B.]

with the emergence of projects that increasingly make the crypto world more alive but, all the projects that come are not projects that really run, there are those who scam, so if we want to take part in a project, choose wisely to get good.

[soramon]

Well i think new project sometimes bring a new idea to cryptocurrency. I always want to know how they want to apply their idea to cryptocurrency. But most of new project cant survive with this condition. I will support a project that can give me a profits. No matter if it new project or not.