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Author Topic: Reason why only few projects became successful  (Read 5174 times)
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August 08, 2019, 05:54:02 AM
Merited by milewilda (1), CryptopreneurBrainboss (1), Samayuki (1)
 #1

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

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August 12, 2019, 09:52:03 AM
 #2

You know what, it does not matter on what time any project enters the market. The only things that matter are a great team, a working product and a healthy community. With all those three components together, any project will become successful.

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August 12, 2019, 10:04:46 AM
 #3

Whenever you are doing research on a project, it cuts across all areas, including the team. Even while carrying out research on the team, the focus of some people is if the team is real or not, by looking at their claimed identity through KYC.
Yes, they might reveal their true identity, that does not mean they can effectively manage the project and the funds collected. Mismanagement, can there leas to the failure of a project, where the team uses the fund on unnecessary things, while the development of product is lagging.
Also, a professional team will not only focus on product, as the norms of some are, the market (price and marketing) is very important. Which entails maintaining a particular level of price and ensuring there is volume.

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August 12, 2019, 10:21:41 AM
 #4

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

Even if you have a good team, if the concept is not good enough to generate support from investors and traders, it will not move forward, I have seen a team with good developers and they keep recruiting new developers in their team, but their project failed to get support and failed to advance in the market.

Before the main developer starts building his project, he needs to do a study on what the community wants and needs and can it be adopted everywhere, developers just want a platform and a team to work on it without realizing it's potential and do not ask if is good enough to generate support.

 
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August 12, 2019, 10:28:19 AM
 #5

the reason few projects get successful because they see what others don't and they have the optional to successfully launched the project.

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August 12, 2019, 10:30:11 AM
 #6

That's very true, the team is everything. Towards the road to a successful product hundreds of obstacles will show up and no matter how good the project idea is a bad team will get stuck in those obstacles pretty fast.
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August 12, 2019, 10:52:32 AM
 #7

Because only few project are original and do know what they are actually doing, if you look at the space now, so many copy cat projects in the space and only selected few are truly out there to solve real world project, and with time these money grabbing projects would die and allow the good ones to thrive

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August 12, 2019, 10:56:39 AM
 #8

the reason few projects get successful because they see what others don't and they have the optional to successfully launched the project.
And what they see that others can't in your opinion? What OP has said is true. There are good ideas that are converted into projects but they have an incompetent team so whatever they are doing, it's not clicking to the community. There are projects that has the same idea with the ones before so its nothing new anymore but they still click because the team that's working on it are very well professional in good in different aspects.

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August 12, 2019, 11:03:17 AM
 #9

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

They don't actually have the solution to every problem but they do have the experience and expertise to stay calm, research on the problem and probably find a solution in the nearest time possible. Also as the team are made up of expert the community will have trust in them to solve the issue and not to run away with their funds, as a result the project will continue running while solutions to such issue like flaws in smart contract codes, new exchange listing, marketing for more audience etc is been researched on by the team.

A conclusion would be, projects with experience team members give the investors more confidence and trust in the project that's why they do last long and probably becomes a successful project.

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August 12, 2019, 11:25:57 AM
 #10

There are some projects that had decent teams but their idea didn't combine with the essence of blockhain technology. These project wanted to apply blockchain to real sectors of economy but failed although they hardly were scams.
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August 12, 2019, 11:43:39 AM
 #11

not all depends on team but project that can run well because their products are really real and much in demand by everyone, in my opinion the failure of the project was because the team could not use the funds collected properly

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August 12, 2019, 11:45:47 AM
 #12

I think the team and community are healthy enough to make the project a success, because in the crypto era any ideas can be a way to build a new market
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August 12, 2019, 11:48:47 AM
 #13

It depends because even a project do have a professional team behind and a great project plan or roadmap it wont guarantee 100% to be successful yet all things will vary or depend on the community itself it would be supported and with current situation of the market where hesitance and doubt is there you cant be sure if those will be tailed up by investors but somehow seeing projects that do have solid foundation or team behind is really a good indication that the project do have a chance.

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August 12, 2019, 12:40:13 PM
 #14

Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.

Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token

The main strength of the project is its idea, which developers want to come up with and implement. Of course, the experience of developers has an impact on the popularity of the project, but it is not the main criterion. It is also very important whether the developers have a working sample of their project so that it can be shown to investors and convinced them to invest.
A huge plus is the participation of large campaigns in investing, they add confidence for smaller investors.

 
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August 12, 2019, 01:09:33 PM
 #15

I think there are major reasons on why only a few projects have been successful right now (some were already mentioned in previous posts) and one of it is that most of them lack the necessary fundamentals needed to make the project a success. Moreover, the events that has unfolded during ICO days of 2017-2018 which resulted in the offspring of many scam projects resulted to potential investors being discouraged to take on the crypto bandwagon but on the lighter side, it has also resulted to a more experienced crypto-community who are often vigilant and most probably would only invest or support a more promising project that satisfied their criteria and rejected inferior projects accordingly.


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August 12, 2019, 01:15:49 PM
 #16

Do you know why only few projects are dynamic and effective?

Because not every field needs a blockchain. Most of the time people confuse crowdfunding and ICO. They think that blockchain is "a new tomorrow" or something that sounds cool (look, we have a cow milking industry on blockchain, to bad we have only 1 cow and old bard, but hey, you can buy our milk coin with 30% discount and become an early investor).

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August 12, 2019, 01:25:43 PM
 #17

in addition to a solid team, of course the investors also influence the success of the project. especially with stable prices and they don't dump. besides that the project must have such an important function and will continue to be used coins or tokens until now.

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August 12, 2019, 01:31:10 PM
 #18

If you can do research on projects that arent scam but failed its because they lack the professionalism idea.

The above sentence actually gave your post credibility. The reason is that, some project are actually out to scam and that is why they must fail. If a project is not scam, they will employ great hands and pay them well to do the job.

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August 12, 2019, 04:34:15 PM
 #19

This is the problem when so many people without a good skill in the blockchain development us interesting to get in the blockchain without any knowledge. not only they lack of professionalism and skill and majority of them don't even understand about how economic system works.
They don't even know about what is ICO and what is the purpose of that thing.

 
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August 12, 2019, 05:04:15 PM
 #20

Most of them have no real use case so this is the main reason they fail. The second reason would be that after they gather the minimum funds they don't care about the road map of the project so they start to spend money everywhere letting the community in a doubt. I lost the count of how many failed and I'm sure more will fail as there the numbers of projects with blockchain are increasing every day and everyone wants a pice from bitcoin.

 
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