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Author Topic: How important is the name of a cryptocurrency project?  (Read 689 times)
Rockie1234 (OP)
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September 11, 2019, 03:32:27 PM
 #1

Just wanted to get your thoughts on this matter. Can the name of a project provide significant benefit or detriment to a project if it is appropriate/unappropriate or unattractive/attractive -sounding?
I am not sure how much of an impact it has.
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September 11, 2019, 03:33:55 PM
 #2

Just wanted to get your thoughts on this matter. Can the name of a project provide significant benefit or detriment to a project if it is appropriate/unappropriate or unattractive/attractive -sounding?
I am not sure how much of an impact it has.

For me its that important. However if it is easy to understand pronounce in a good way, it would be nice. Also if the name is a self explanatory for the intended purpose of the project, then it would be awesome and this is what I would look for.
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September 11, 2019, 03:47:00 PM
 #3

The name doesn't matter a lot but it can give at least the popularity among the user if that platform uses or try to mention the popular coin on its name just like bitcoin fork coin which has used the name of bitcoin to gain the popularity.
But i believe the name gives nothing to the new coin which created its own unique name and it's not using a part of the name from the popular coin.
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September 11, 2019, 03:54:06 PM
 #4

Of course it does. For example: Billionaire Token, fetish coin, JasonEdwardsCoin,  Fonziecoin (FONZ), Selfiecoin, Pizzacoin,  President Johnson coin, Putin, Putin Classic. The name alone you know you wouldn't take it seriously - a real shitcoin.

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September 11, 2019, 03:58:22 PM
 #5

No.
Example, those altcoins that named after bitcoin. Most of them are spam coins and are made of fork but most of them failed.


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javadsalehi
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September 11, 2019, 04:02:05 PM
 #6

Of course it does. For example: Billionaire Token, fetish coin, JasonEdwardsCoin,  Fonziecoin (FONZ), Selfiecoin, Pizzacoin,  President Johnson coin, Putin, Putin Classic. The name alone you know you wouldn't take it seriously - a real shitcoin.
It's true that all the  coins you mentioned are really shit coins. But cannot judge a coin on its name.
If a project has a good team and a good concept, its name looks good too.
If any one of these coins had a good team, its name wouldn't look that bad.
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September 11, 2019, 04:04:24 PM
 #7

I am sure that the name is important for marketing reasons, but in my opinion it does not matter at all. A project that has a good team, working product, healthy community and is traded on leading exchanges can be named shitcoin, but I would still invest in it.
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September 11, 2019, 04:57:21 PM
 #8

As long as it does not sound like other existing cryptocurrencies then it should be fine I guess. Or maybe you should not choose a name that will trigger some groups. There was this crypto called Fuck Token and they had issues getting listed on some exchanges because of their name.
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September 11, 2019, 05:00:59 PM
 #9

Well name is equal to branding
Branding is kinda important when comes to ease of memorizing the name

The shorter the better, the easier the better
Look at
BitCoin, it is easy
Ethereum, it is tough

Thus, yeah it is important but not until the extend that it will affect the entire thing
DaMut
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September 11, 2019, 05:08:49 PM
 #10

Well name is equal to branding
Branding is kinda important when comes to ease of memorizing the name

The shorter the better, the easier the better
Look at
BitCoin, it is easy
Ethereum, it is tough

Thus, yeah it is important but not until the extend that it will affect the entire thing

And the branding itself explains how will the project survive and strive for the future, even some project used their brand to explain the project itself from different set of view.
for example Baskin Robbins, they are using capital B and R to tell us the name of the product and if you look at it closely you will see a number of 31.
that means they have 31 flavors.
so It is very important to choose a good name because it can help you in promoting the project and explaining the concept of the project itself.

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September 11, 2019, 05:12:38 PM
 #11

A project name is a crucial part of it's branding. One tends to remember the name of a project when it appears simple. There are also names that sound so appealing to the ears. A good name doesn't guarantee returns, but it has a great influence in a crypto project.
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September 11, 2019, 05:15:57 PM
 #12

I have no problem with the cryptocurrency. All I see is how its progressing in the market. If the crypto has a good roadmap with proper plan execution then I don't think the project name is important at all.

For example, Ethereum is tough in pronunciation but since its popular because of its market value. So, I really don't think the name of a cryptocurrency does matter at all. Rather, projects objective and its execution matters most IMO.

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September 11, 2019, 05:46:30 PM
 #13

A project name can be a significant fact. For example Facebook had the name The Facebook it was harder to pronounce it and it was not as smooth as Facebook is. Superficial it seems not special but this change had some advantages so is the readability easier and the memorability got improved furthermore the search engines can find the name Facebook easier than The Facebook. So based on this example you can see some benefits on a good chosen name.

Hope i could help  Smiley
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September 11, 2019, 07:15:43 PM
 #14

The name of the project for each participant seems to me to be perceived subjectively.
Of course, big words and promises can attract participants, but I also always check the development team to make sure that these are serious real people.

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September 11, 2019, 07:18:10 PM
Last edit: September 12, 2019, 01:31:53 AM by mr_random
 #15

If the copied name doesn't explain the idea of the project with a single world then using it is the foolish first step by the team. There are famous crypto brands and everyone knows the meaning, applying case of the brands. If the name is not fresh, unique then thinking twice may help the team to launch the project or not. Dressing the project is important and unique brand project will be successful if they stick to the rules which they thought about it.

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September 11, 2019, 09:20:22 PM
 #16

Of course, it's quite important. As with most products, the name gives a specific description and philosophy that the developer wants to convey to the user. Names that are easy to hear, say, and remember or are unique, will give a positive impression.

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September 11, 2019, 09:27:23 PM
 #17

I believe the name of a cryptocurrency project is very important.  It is the initial step for branding the project.  It also define how well the project developer thought about it and how they value that project.  It also gives an initial impression to the project and the team.  Aside from that choosing the right name can give your project a boost especially if the project have a name that can be easily remembered or can be retained in the mind of the reader for very long time.

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September 11, 2019, 10:33:17 PM
 #18

The name of a coin isn't very important but it would be better if the coin has a easy and self explanatory name so that the investors can always remember the name and it's usecase.

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September 11, 2019, 10:34:38 PM
 #19

Can the name of a project provide significant benefit or detriment to a project if it is appropriate/unappropriate or unattractive/attractive -sounding?

If talking about the significant benefit to the project, I don't think that it will give the significant one.
However, the name of the project can be one of the points that will make the investors interested, it can be from its uniqueness, interesting name, or even a name that is easy enough to remember.


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September 11, 2019, 10:45:34 PM
 #20

Just wanted to get your thoughts on this matter. Can the name of a project provide significant benefit or detriment to a project if it is appropriate/unappropriate or unattractive/attractive -sounding?
I am not sure how much of an impact it has.

The project name is very important and what makes me interesting is the project with the word name  "Coin ". In my opinion and that during this time I experienced, the project's existing word name  "Coin " can usually succeed.

But not only the name we have to pay attention to, but you also have to do research. Many projects are fake and they also have unique names. Stay before joining the Cryptocurrency project, let's do a check.

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