Why new Projects?

[mrdeposit]

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

As I understand, for more money. If you look at the scam projects, even when the evidence is found, they always continue as they are. And this is the last opportunity to scam people. Continue until the end.

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[lovesmayfamilis]

Today, of course, there are a lot of new projects. But among this set, it is very important to find promising projects. It is important to make a qualitative analysis of the project. Look at the team, on the experience of the team and the advisors. Check out the white paper, road map. Very important is the uniqueness of the product that offers a young project. If the verification of the project deserves your trust, and you intuitively feel that the project will live. You can invest in it a little of your capital.

[Samboo]

I think it will be a good idea to  collaborate with coins that are failing in the market. It means established coins should collaborate with failing coins so as to make their team strong and do much better in the market. It will also allow competition in the market and make the market concise in terms of the number of coins. Unnecessary and failing coins will also have a chance to stay in the market as well.

[kakade]

A good way for me to revive Crypto is to grow investor confidence. Many projects failed because they failed to raise funds. So we have to work hard to make these investors invest again. If the condition of the Crypto market can pump high, I think more dead projects can rise again.

[bebekangsoo]

A good way for me to revive Crypto is to grow investor confidence. Many projects failed because they failed to raise funds. So we have to work hard to make these investors invest again. If the condition of the Crypto market can pump high, I think more dead projects can rise again.

foster trust for investors to want to invest again, but what do they think about how to grow their trust again? they were no longer interested because they lacked trust in the new project because of various negative things that happened at Crypto.
Is that bad, I think there are still some good projects that can work well, so they have the opportunity to make a profit and not everything is bad.

[Augustyusuf]

i think the old project got collapsed, and then the same people make different name and rebranding it, so its look like new project.

[BlueStackz]

I think investors will not dare to enter again after the bounty hunter dumped the project, and the guarantee to go up is very small. so don't be surprised when the project will die, and a new project with a similar concept will emerge.

A project that has lost the interest of people through its failure may be difficult to revive again even if it was bought back, people will only be looking for opportunities to take their remaining investment out and not care about the project, except maybe after buying the project, they change the name and some concepts, and would not retain nor recognize the current investors already in it, which is no different from just opening  new one entirely, in opening a new one again has its repercussion, if they are still coming up with the same product not strong enough to attract the interest of no investors alone, but of end users too, they will still fail woefully.

[bitgolden]

Today, of course, there are a lot of new projects. But among this set, it is very important to find promising projects. It is important to make a qualitative analysis of the project. Look at the team, on the experience of the team and the advisors. Check out the white paper, road map. Very important is the uniqueness of the product that offers a young project. If the verification of the project deserves your trust, and you intuitively feel that the project will live. You can invest in it a little of your capital.

Yes we know that there are good projects amidst the bad and scammers own, which if we take our time to do proper research, we will get these ones out, BUT the major ball of contention here is that why the need for new projects when the existing ones that are good are struggling for existence, can’t they team up with existing ones to better a particular project, especially the ones that have virtually similar interest.

Secondly, must a project even come up with a coin? Is there any need for their own coin, when we all have one common interest which is to fully develop cryptocurrency, we should have just focused on one coin which is BTC even if we have different projects. Let’s take Dollar for example, we have so many projects in this world that has been using USD as major currency for transactions and have never collapsed. Why are we now being divided in crypto?

[Wittny]

New day, new advancement, new discoveries, new knowledge, new detected problems, this are all the reasons new project won't stop been introduce daily, every project was created to solve a particular problem, to advance a particular thing, so introducing new project almost everyday is good for the development of cryptocurrency.

[danielchris]

I think when a project started due to various types of problems a project couldn't successful. But to rectify the any old project born a new project started day by day.

[ifykiki]

The majority of the new projects are just to make quick or free money from investors. If I have my way, similar tokens should be merged to decongest the market.

This was the point I was trying to make but due to some of the replies, reputation matters. And if the previous teams lost their reputation, it would be hard to rebuild the platform even though new team's are added

[safem]

In my own opinion, I do not think emergence of new projects in the crypto space is a bad idea. Although, so many projects that are existing already may not really be bringing the expected results to the bounty hunters or investors but this should not stop some other new projects from coming up. I believe that if there is existence of new projects,  it is  very much possible much possible to get some good and profiting ones from those new projects. So many projects are actually emerging now with an impressive roadmap for product development which will definitely benefit both investors and bounty hunters. Hence, I am in agreement with the evolving of new projects in crypto operation.

[qomariah95]

Every day every year there is never anyone who forbids when they want to build a new project. Because that's the name of technological development. So you should never be surprised if there are many new projects every day. Every new project certainly has a vision and problems faced. If the project cannot compete, of course it will fail by itself. All projects also have the same potential to be successful. All that depends on how the project works.

[Peruvyn]

Let's take a look at it like this either in blockchain industry or conventional industries, there will always be continuing creation of new startups with different kinds of business operations but this does not mean all of them gonna succeed. If this continuous innovation stop in the industry, what it means is that the industry will start dying slowly. So regardless of scam projects or not, not all created crypto startups gonna succeed the same way it is in conventional industries.

[serjent05]

Well, you have a good reason for saying that but not all projects have the same concept. There are thousands of projects out there but they are for sure different from one another though there are those that have similarities but only differ in some areas, this type are sometimes being outgrown by the other and the project does not progress or fail at the end. It is sad though, that because of too many projects that are failing the trust of investors are getting less each time so crowdfunding is getting a bad name too.

[aziziasa]

Your idea is good but difficult. This industry is very large and many countries participate in it. So it is very difficult to implement and we are more focused on good projects. Investing or doing Bounty has risks. So if you are in doubt or afraid to be able to invest in existing coins.

[ra_pl]

The reason for a new project,  as an individual everyone has a structure plan. And investor doesn't just sponsor ome project,  they spread out to not to put all eggs in a basket. Similarly most project don't have the same usecase, interfaces And same plans. The most important is to invest wisely.

[cchub]

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 people who want to make money like others did and they want to be entrepreneurs, so they launch their own projects. Human nature!

[BartS]

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

You are not wrong in your thinking but when most of those people that are making all of those coins are only thinking in ways to make money for themselves then it is easy to see why they do not want to collaborate with anyone or to take the code from another coin and try to build something out of it, so as long as people keep giving money to unprofessional projects out there we are going to keep seeing the same happening but you can avoid that by just not investing in icos.

[oktana]

Until now there are thousands of project tokens that are still ongoing and the project is still ongoing, but why are there still many new projects emerging? because we play on the global market so there are many people who want to develop their ideas to run a company in Crypto and in this way they can build a company, maybe we better be positive with many projects so that competition will be even greater so they consider everything, maybe if the whole world uses crypto, thousands of these projects will also come back to life.