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Author Topic: Mistakes developers keeps making  (Read 886 times)
joseyphil82 (OP)
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September 28, 2019, 12:00:11 PM
Merited by tk808 (1)
 #1

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


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September 28, 2019, 12:18:05 PM
 #2

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
It's 50-50 here. Both investor and team benefits. They needed to get funding as quickly as possible and investors also want the best deals available. Teams also have a control mechanism called coin or token lock up and also holders bonus. Those two are not perfect method but it helps mitigate the dumping.

Quote
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
No argument here. Truly, solving a real problem should be the main focus of the project.

Quote
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Forget about ICOs, most token sales are done on exchanges now (IEO). I do see a lot of projects hype their community for a new listing then lists them on low/medium exchanges. To be fair to teams, it's not as simple as paying bigger exchanges and it's a done deal. There are more requirements than money.
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September 28, 2019, 12:43:35 PM
 #3

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
It's two fold, I mean they have to attract investors that's why they are giving away discounts for early bird and angel investors. I mean this business model have been in existence for many years.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
I would definitely agree with this one, we haven't seen new projects which is very unique. Those projects popping today is just like a half bake project, worst, just a copy of existing projects who have been successful already.

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Because exchanges want's to save money so they don't have a choice but to list their tokens on shit exchanges that will back fire on them in the future.


Bottom line is, we need something drastic and projects need to see this mistakes and rectify their process or strategy.
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September 28, 2019, 01:09:28 PM
 #4

have you ever considered that it may not be mistakes but intentional?

take your points for instance.
1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.

2. Lack Of Solid Products and Ideas
that is not a mistake, they simply want the easiest rout to profit. so copying the same thing is easiest and doesn't cost anything. on the other hand innovating is expensive and takes a lot of effort.

3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!

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September 28, 2019, 01:22:18 PM
 #5

You don't actually blame them for that discount though man, some people will invest in the thin air (literally) so that discount is a necessary evil to get the investment money they need to develop their idea / project.

After all, it's about making money at certain point, so those discounts are crucial man, not a mistake like you said. Investors risk their money into an idea, so the discount is the least they can get.
This how Fintech works

As for the lack of the solid project it's all about the right team / devs behind it & most importantly how important is that idea / project in the cryptossphere / real life (solve real problems). There is already great project with a working product already but they are worth shit in price value while other shit coins / projects worth a lot in price value while they solve shit in real life or in the cryptosphere.

Now the pat of the bad exchanges, we all know that this cake was eaten already by couple major exchanges that control the whole crypto exchange business which make it even harder for other good (unknown) small exchanges to vanish since they have no good liquidity for trading this or that coin / project.
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September 28, 2019, 01:22:43 PM
 #6

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



All your points are good but i think the real mistakes developers keep making is GREED.
My reason for that point is that all the past successful projects in the past did not make any of your listed points.
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September 28, 2019, 01:26:48 PM
 #7

1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.
You are wrong in here, in industry outside and inside the cryptocurrency. Giving an incentive or a discount is a very common thing, 50% or even 100% discount is plausible because they were giving it to their early contributor or investor. It is not about days but instead most of them were months or years. The company needs cash to start the project and they need the cash to ensure their development. That was why you'd see them giving 50% off to the investors.

but of course, some shit project were doing that intentionally to attract the investor and creating hype.


3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!
not necessarily, just look at Semux project for example. It is a good project for me, but they did not get much attention after releasing their own smart contract.

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September 28, 2019, 01:40:32 PM
 #8

Many projects use discounts to create awareness for their projects and its really not a bad idea to me, its win win for everybody if they are able to make enough funds like reaching hardcap so its a cool feature of fundraising, the problem is these projects mostly don't bother to list of good exchanges
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September 28, 2019, 01:43:22 PM
 #9

It is exactly 3 factors that make a good project bad.  Founders always look down on the liquidity of tokens.  I have worked with a lot of CEOs of new projects, they usually just focus on the product and want to develop it best, then fix themselves that investors will want to buy their tokens.  That is definitely the wrong idea of ​​the weak CEOs now.  Hopefully this article will be helpful for those who are looking to start a business in the crypto market, learn from experience and pay attention to the community and exchange, it is a core component of the project's success.

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September 28, 2019, 01:50:57 PM
 #10

Items 1 and 3 are secondary and do not have a big impact on the success of a crypto startup.
And the second paragraph is the problem of many startups. Or maybe not at all. According to the results of many projects, we see that the goal of creating all these projects is to rise money from gullible investors and gradually and imperceptibly disappear. Thus, everything is in order with the second paragraph, they achieve what they are striving for Grin

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September 28, 2019, 02:22:37 PM
 #11

One of the frequently made mistakes by developers of a crypto project is poor team work. Although some projects have team members with great expertise in crypto, due to poor team work, these projects end up being unsuccessful. Projects like Libereum and Miracle TELE are classical examples. The downfall of these projects were due to the negligence and greediness of some members within the team.

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September 28, 2019, 02:34:15 PM
 #12

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



yes, all the conditions above is keep repeating for ICO project buddy

but now is the era of IEO and if a project conduct an IEO in a good exchange for example binance or kucoin,
i think the project will be tradeable there, but for sure its depends with their dev team member too

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September 28, 2019, 02:45:21 PM
 #13

1. Huge Discounts

#discounts are only to attract market investment, this depends on how you observe projects that offer large discounts. be careful with tricks like that

2. Lack Of Solid Products and Ideas

#I have observed projects that have quality products but are difficult to develop, creative ideas but vice versa. this problem depends on market marketing.

3. Bad Exchanges

#that's their initial plan. in theory if the developer is really serious about developing their project, they will not register in the garbage exchange.

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September 28, 2019, 02:49:33 PM
 #14

Looks like this is not a mistake, but a bad strategy/ plan. First, they want to compete in the midst of this large market, thus making a slightly crazy promotion to get investors. Second, do not need to be discussed, because seeing the first point, the project does not have good demand, it also reflects the quality of its products. Third, looking at points 1 and 2, you should know, this project is bullshit.
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September 28, 2019, 02:50:20 PM
 #15


1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.


It depends, if those buyers foresee a good future for the project and think they can earn more in the future, they will not sell their tokens even though they can take easy profits in the present.
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September 28, 2019, 02:53:19 PM
 #16

developers might attains on field as appealing use of different unit on distinctive as might to collects of one with reference of returns with terms with the previous arrange on manage with chance as referring use with initiation and put with number of returns to complete on absence with field of modest exchange on examination.

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September 28, 2019, 02:56:38 PM
 #17

Quote
Huge Discounts
Every good business offers huge discount even in the real business there is what we call "buy one get one free"

Quote
Lack Of Solid Products and Ideas
Most of them have MVP for their upcoming project.

Quote
Bad Exchanges
I do not see this as a mistake because a good project should be able to use part of the funds raised to pay for good exchange listing.
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September 28, 2019, 03:11:14 PM
 #18

Their first and biggest mistake is trying to develop a project only with effort and ideas. This is good but won't get you anywhere. The most important part is having money and spending them on good advertising graphics exchange listings social media... You can't make a project succeed these days without investing time and money into it.

Miscalculating the amount of money you need is another problem. If you think you can launch a coin having an idea and 5 thousand dollars you're mistaken and it's going to be a disaster.
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September 28, 2019, 03:23:52 PM
 #19

Items 1 and 3 are secondary and do not have a big impact on the success of a crypto startup.
And the second paragraph is the problem of many startups. Or maybe not at all. According to the results of many projects, we see that the goal of creating all these projects is to rise money from gullible investors and gradually and imperceptibly disappear. Thus, everything is in order with the second paragraph, they achieve what they are striving for Grin
and what they are striving for is a lot of income with the revenue achieved, but the project developed does not have a clear goal. It's easy to get money by making a fake project with a big discount. But when a really good project doesn't even care. But now a really good project has begun to take part by entrusting it to IEO platforms on large exchanges such as Binance and many successful selling tokens with a span of seconds.

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September 28, 2019, 03:25:53 PM
 #20

If you think about what the token value actually is, you will be surprised.
You need only two things: good exchange + good advisors. You don´t need product, own blcokchain, partnerships. You only need promises and those two things.

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September 28, 2019, 03:37:53 PM
 #21

I think that in general you are right, but the discount system for the first investors is not a mistake. ICOs are feeling really bad right now. At the moment, investors are only interested in IEO from large exchanges with a good reputation.

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September 28, 2019, 03:38:04 PM
Last edit: September 28, 2019, 05:12:27 PM by bitsurfer2014
 #22

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


Glad you've pointed this out! Additionally, I would  like also to emphasize one of the most important blunders that has been plaguing projects for a long time now and it is because they have poor financial planning! I think this is one of the main reasons why most projects had failed and this is evident when most projects suddenly went inactive even after they have gathered a sufficient amount of funding during their respective ICO's!

I've even heard some projects way back 2018  that went financially unstable because they were not able to diversify their funding source which is
mostly in BTC or ETH or haven't opted to exchange it to fiat and had incurred huge losses when crypto prices fell sharply especially when BTC sinks to less than $4k last December 2018. If only they had a sound financial planning, then we could have seen some promising projects which is still active up to this day!
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September 28, 2019, 03:56:31 PM
 #23

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


I don't think you can call Number on your list mistake, how can you compare VC and seed investors to retail investors. What they bring to the project most of the time is huge and they need to be well compensated for that, in terms of marketing and exposure to market VCs offer this, unlike retail investors that mostly care about profit and bring nothing most of the time to the table to add value to the project

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September 28, 2019, 03:59:06 PM
 #24

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


The real problem is everyone trying to be a developer once they realized that crypto currency could gives lot of profits and the capital needed for is minimum to none to develop a project.

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September 28, 2019, 03:59:26 PM
 #25

I think all those reasons will fall into bad and poor marketing strategies. Because all we know that all that elements are all about marketing. All projects need a good and knowledgable developers to make your project successful because developer is the heart of every project  so choosing a right developer is key of every project.
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September 28, 2019, 10:37:01 PM
 #26

At this first point, I disagree, because large discounts are not a compelling reason for a dump, I think the developers have thought of this consequence, they already have a way to handle this kind of thing, in my opinion it is stupid if the Project gives a large discount to investors then they suffer losses, like a person who is fishing but he is dragged by the fish.
in the second and third points I agree with you.

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September 28, 2019, 11:22:08 PM
 #27

The biggest mistake of developers is greed. They think they can throw some shit at people and they will throw money back at them. When it doesn't work out devs try to scam or say they were hacked or disappear with money. This is how many projects look and this is why ICOs have died.

The second biggest mistake is being shady. Using fake photos of the team or setting up fake offices. Being honest is one of the most important things when you try to build a new project.

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September 29, 2019, 01:10:13 AM
 #28

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


The real problem is everyone trying to be a developer once they realized that crypto currency could gives lot of profits and the capital needed for is minimum to none to develop a project.
  To promote any project you will have to have the guts for investing the amount we have to be wise just be with real site and don't hesitate to develop if you think it could give you profit better stay in touch and develop the project you think will be future good project. People when see money they try to get it by all means and some choose this way.
Almost all the new crypto projects go with the bounties to promote their project which means they are paying participants with their token which doesn't cost a penny for them so no amount is required to promote the project but for other purpose they maybe hire a professional but they can do that by themselves as well.

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September 29, 2019, 01:56:48 AM
 #29

Yes, these are all solid reasons why the project lose its potential especially the lack of product. If youre a good investor you should alwaye consider a project with working product even they are still on their ICO stage. Dont pick a project that have focus more on token sale but if you ask anything about the details of the project they hesitant or divert the conversation to another topic.
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September 29, 2019, 04:18:03 AM
 #30

Yes, these are all solid reasons why the project lose its potential especially the lack of product. If youre a good investor you should alwaye consider a project with working product even they are still on their ICO stage. Dont pick a project that have focus more on token sale but if you ask anything about the details of the project they hesitant or divert the conversation to another topic.
Especially in a market that is less profitable like this. It would be safer to choose a project that has clear evidence of progressing according to the roadmap. Fundraising ran smoothly and was used as it should.
In addition to the three important points already mentioned by the OP. there are other important things that developers should pay attention to, namely communication to form strong ecosystem niches. Communication and updates on project developments are very important to maintain investor confidence.

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September 29, 2019, 04:24:32 AM
 #31

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



The lack of working products and ideas are two of the contributing factors that will make investors ignore the project, every coin should be backed by a working platform or in-demand products, without it, the project will not stand this is very important for any coin that wants to get funded.
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September 29, 2019, 07:15:44 AM
 #32

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?




I have seen such a result of the project, the size of the collected fund, the announcement after the collapse of the bad exchange, not the flashlight, the product usages of the utility token they created, such a savvy developer. and thinking nothing but getting money that he did not have to deal with, so killing those developers is a huge discount to keep investors interested, should investors also think about why the size of the discount, not what they will pay which is great for small investments, but they also don't notice that because other investors have become greedy, the developer should simulate ETHEREUM for a few years of use and future use as the product usages are valued.
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September 29, 2019, 07:45:06 AM
 #33

have you ever considered that it may not be mistakes but intentional?

take your points for instance.
1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.

2. Lack Of Solid Products and Ideas
that is not a mistake, they simply want the easiest rout to profit. so copying the same thing is easiest and doesn't cost anything. on the other hand innovating is expensive and takes a lot of effort.

3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!
1. Your point makes sense, good projects needs the discount plan as well to gain investors attention, it works for both sides i guess, whether bad project or good project they will still use the discount plan.

2. Scam projects will never deliver a solid product to back their scam project because it will cost them alot, as for me i like projects that have been in existence before they start using crypto, its different from companies that was built through crypto.

3. Have you seen binance exchange begging to list a particular coin or token? no matter how popular your coin is you still have to meet binance exchange requirements to get listed

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September 29, 2019, 09:13:35 AM
 #34

Developers have the right to use any strategy they like to attract investors and this shouldn't be seen as what kills any projects, i belief that what kills project is lack of demands so the blame is still on the developers who build projects that people and investors don't want to invest in, investors are wise now and they only invest in projects that will always be needy by the public so there will always be huge demand
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September 29, 2019, 10:13:17 AM
 #35

It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.

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September 29, 2019, 10:24:58 PM
 #36

It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.

Greed is inevitable, but this is different matter when the team would offer huge token discounts - up to 50% which is more often causes the token price to plunge right away after being listed on an exchange because of discounted investors gladly dumping their big discounted stash!

To this effect, I've have never seen yet any project that gives huge discounts during its ICO that has never suffered a drastic plunge in its token price and effectively affecting its financial funds needed for development to continue. I would say this is the result of poor marketing plan and ultimately, a product of poor financial planning.!

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September 29, 2019, 10:47:39 PM
 #37

It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.
Such actions only dictating that the team is not really interested for listing the project, big discounts attracts investors a very positive sign for scammers to runaway with the funds that they'll be collecting from those investors who are not paying attention to do their research first. But instead, because of sweet promises they invested blindly and suffered after the introductory stage was finished.
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September 29, 2019, 10:56:25 PM
 #38

1.The Huge discounts is not a problem if the project is having a huge demands aswell,although I'm pretty sure that these kind of "huge discounts" gimmicks is literally just a gimmick because it will only bring the price of the token to the ground meaning it will be all the same even if there's no huge discount.

2. Lack of solid product and ideas is indeed one of factors as to why the project is failing but it's usually the lack of community or userbase to their products that makes the project failed, they got no userbase to get revenue from and ended up stuck in there can't grow to be bigger. That's why so many projects slowly goes bankrupt because they are running out of money from the crowdfunding and the have no userbase to get revenues from.

3. If a low volume is what considered bad exchanges I think a good project will definitely bring the volumes in instead of just taking advantages of the exchanges' volume and get carried on.

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September 30, 2019, 02:31:09 PM
 #39

1.The Huge discounts is not a problem if the project is having a huge demands aswell,although I'm pretty sure that these kind of "huge discounts" gimmicks is literally just a gimmick because it will only bring the price of the token to the ground meaning it will be all the same even if there's no huge discount.

I beg to disagree but it has been repeatedly proven that those project's who've offered huge discounts on their token sale - some of them even offered  more that 50 percent discounting rate had triggered  massive selloff by early investors once listed on an exchange and hurting the token price itself and its investors who had bought tokens at a regular price!

This practice evidently put the crypto industry fundraising activities such  as ICO's in a very bad light and thus affected other projects who had promising ideas and technology to offer but weren't able to get the necessary funding needed to start its development and thus have been put on hold or have ceased to exist.
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October 04, 2019, 02:57:11 PM
 #40

About the first point, I think that is a wise move. Since the team is looking for investors and they need some new investors and they need them fast, so in order to attract potential investors, they need to give such offers. But it can also go the other way around if the planning is not so great and they end up giving too much of a discount and end up losing the project.
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October 04, 2019, 03:10:37 PM
 #41

About the first point, I think that is a wise move. Since the team is looking for investors and they need some new investors and they need them fast, so in order to attract potential investors, they need to give such offers. But it can also go the other way around if the planning is not so great and they end up giving too much of a discount and end up losing the project.
this is all very easily solved. There are so many ways to limit yourself from losses and attract investors at the early stages. just problems happen because of an inexperienced team

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October 04, 2019, 03:47:11 PM
 #42

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.



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October 04, 2019, 03:59:22 PM
 #43

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
Of course, investors are much looking at those projects that have already a working product because that is only their assurance.
Cause how we could give trust if developers will keep saying soon to launch and soon, soon. Promises is not what investors to see but to have returns with their money as they are risking for it, not just for losing.
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October 04, 2019, 04:02:31 PM
 #44

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
many teams simply cannot create a product without money, that is why they launch ICOs. but as a rule, they fail to raise money because investors are interested in products

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October 04, 2019, 04:09:34 PM
 #45

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
At the very beginning of the development of the cryptocurrency market, or rather, even from the time of the creation of Bitcoin, developers enthusiasts thought about the great future of cryptocurrency and real digital payments, as well as the safe storage of information using blockchain, but today most developers of new companies first of all start  think about the funds that they plan to raise from investors and care very little about their projects.

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October 04, 2019, 04:13:01 PM
 #46

The biggest mistakes developers make that leads to bad ending for many projects are
1. Huge Discounts
2. Lack Of Solid Products and Ideas
3. Bad Exchanges

these three things have become quite fatal things that are sometimes made by new projects. Sometimes large discounts also become a time bomb that will destroy their project. it would be very complete if they only target markets that are not so popular and they make the same product.

some other things are also caused by lack of experience, and maybe too rushed to start their project without considering market conditions, competition, and the strategies they use.

I hope that the new project considers this before actually running the project that they created.
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October 04, 2019, 04:16:56 PM
 #47

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
I think both of you has good arguments. Nevertheless, I would like to point out also the importance of having a product first before  conducting an ICO and I guess most investors would prefer this kinds of project to invest with - (this is aptly called in crypto community as reverse ICO.)


many teams simply cannot create a product without money, that is why they launch ICOs. but as a rule, they fail to raise money because investors are interested in products
This is in fact is true! Since most startup projects don't have the necessary funds to continue development so they in turn  conduct an ICO to generate funds for its operation and without sufficient funds, most projects would collapse not even reaching midway in its development.
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October 04, 2019, 04:22:31 PM
 #48

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



Lack of solid product plus no uniqueness of the project is one of reason why most of them ended or keep falling in the market. I also agree to you that naking a bad exchange site will create a big impact to the project that causing pullout of some investors.

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October 04, 2019, 04:37:45 PM
 #49

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


Absolutely right. It is like projects are selling to inflate their pockets, they do not care about what happens next. For me, the product is more important factor, if a innovative product is ready to use, others will improve as time goes by. After the product is good, even Binance will accept it for free. The big discount is something valuable projects do not do essentially and that proves what I say.
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October 04, 2019, 05:01:34 PM
 #50

Projects like this usually won't develop later, so many investors don't want to invest in the project, the reason is that if the project developer only focuses on getting their sales targets, and doesn't really care about the development of the project, then we can say if this kind of project only leads in a fraud, it's better if we avoid it.

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October 04, 2019, 05:14:01 PM
 #51

I added a little explanation in my personal opinion.
- too many participants compared to allocations
- Many ico does not lead to maximum projects
- Many ico scams frighten investors and projects do not achieve their goals.
-maybe we should take the project ico who has the gift of a famous manager today like yahoo.

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October 04, 2019, 05:46:50 PM
 #52

The main mistake is that the cryptocurrency market is too raw. And because of the people who have big finances, he moves as he pleases, many projects, if you evaluate the token, almost died due to speculation. But not all projects stopped developing in the smoothness of the product. I think the tokens of such projects will come to life during the altcoin season.

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October 04, 2019, 05:52:59 PM
 #53

Huge discounts is the enemy here, many new projects aren't able to keep up because of this, once the coin get listed on exchanges those who bought at discount price will be the first ones to dump, 15percent to 20percents discount price is still reasonable compare to 40 to 60 percent
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October 04, 2019, 05:55:55 PM
 #54

I think the most common is listing in an expensive exchange without even a working product to please investors. This makes the project lose more value, instead of focusing in product development they pay huge amount to get listed in a good exchange. Not to mention, once listed many early investors who received huge discount dumps their token.

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October 04, 2019, 06:07:03 PM
 #55

A project will be able to continue to grow and compete if they produce a product that is really needed and of course this must also be supported by a team that is reliable in developing their project, if the project only relies on giving large discounts to attract investors, of course it can be ascertained if the price of their tokens on the market will experience a fall in prices, because of course investors will immediately sell the tokens when tokens have been listed in exchange, projects that do not have a clear product concept will certainly cause their tokens to die on the stock exchange.

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October 04, 2019, 06:14:53 PM
 #56

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



1. Discounts should never be that big as it discredit the project and furthermore will scary the investor and holder to make further investments.

2. The lack of products will eventually lead to a dead project because no one will come to invest into a 1 year old tech in crypto ( only BITCOIN can have this power ). Also the lack of ideas results in the fact that the devs are not so good and they just copy/paste from github or waiting for another project to come with something new in order for them to have "new ideas"

3. Bad exchanges result in low volume, artificial volume ( where bots control everything ) and no one want to approach those kind of markets when there are no real buyers or sellers but only BOTS that control the markets.

In conclusion , without a proper dev team you cannot create a successful project.

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October 04, 2019, 06:35:42 PM
 #57

I think the biggest mistake is giving up. I think so many of these "devs" are honestly just losers or just run with the money which makes them even bigger losers. The devs give up just because the project didn't immediately work or that the first idea didn't work. You should only move onto a new idea of you try multiple times. If you just try once that is not a proper chance. Things need time to grow. A seed is small but in years it will be a massive oak.

More of these projects need actual backing and stop worrying about things like being listed.  I would rather follow a project that is not listed but is being used then a project that is listed but has no use.

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October 04, 2019, 07:08:54 PM
 #58

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


These are all well known facts ... but too little investors are coming into the crypto space ... and investors are smarter now.. they wont invest on projects with no discount,
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October 04, 2019, 07:09:54 PM
 #59

Sometimes project developer tends to list on bad exchanges because of budget or maybe they didnt raise enough funds during the ico or ieo phase
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October 04, 2019, 07:14:13 PM
 #60

I agree with you specially for point one and 3.
Huge discounts are attracting traders but not real investors. As soon as project gets listed, this 50% discount is getting converted to profit by thease private investors. These discounted tokens should have 2-3 years of locking period to avid dump.
I thing due to huge fees, project are selecting cheap, new exchanges for listing. However, this is affecting reputation of projects.

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October 05, 2019, 01:24:19 PM
 #61

The second point is correct. No project can gain success without a good solid product and ideas. About the third I will just say this that, this is a world of IEO now, so your far safe with IEO than with ICO.
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October 12, 2019, 04:24:01 AM
 #62

I agree, mate. and really, there's just something wrong with new ideas that could function properly. Everything seems so shallow lately.

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October 12, 2019, 06:10:28 AM
 #63

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


1) Such huge discounts for first investors indicate that developers are primarily interested in quick fundraising, rather than stable development of the project.

2) Here you are right, the project should be of real benefit to society and its coins should be easily applicable in real life.

3) This is also a huge minus for the founders of a cryptocurrency startup. Actual and potential investors may become disillusioned with the project, which has a bright roadmap, but his coins start trading on a low-liquidity unknown exchange.

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October 12, 2019, 06:37:21 AM
 #64

I agree, mate. and really, there's just something wrong with new ideas that could function properly. Everything seems so shallow lately.
Everything seem to shallow lately about new projects because 99percent of them are repetitive ideas or copycats projects, but here is my question, is it a must to build project when your idea is just about a already existing project? Oh i forget, money will be raised for them though

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October 12, 2019, 03:07:24 PM
 #65

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



Huge discount, yeah it should be not too huge that makes later investors lose interest to join the project, maybe 15% is the maximum.
if we are talking about solid products, we should see from what the benefits for the public. If it can be massive adopted by public, then it will be good.
exchanges, yes it must be a good and trusted exchange because we want to make sure that we can buy or sell our coins without problem later.

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October 12, 2019, 04:03:22 PM
 #66

they give discounts to attract investors, we know in the midst of this sluggish market conditions they have to make a way to get investors this is one way.
I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
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October 12, 2019, 04:09:46 PM
 #67

they give discounts to attract investors, we know in the midst of this sluggish market conditions they have to make a way to get investors this is one way.
I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
Aside from giving huge discounts and their lack of responsibility, most of the developers keeps everything in rush, they dont take their time to at least think of a solid plan on how their project will improve. Most of them are just thinking of an impossible plan just to showoff to their investors. Creating a project should be taking a lot of time not just for thinking but also in implementation of it and applying it into the project.


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October 12, 2019, 04:17:47 PM
 #68



why is no one telling the developers not to distribute the bounty tokens right away, isn't that a mistake as well?  in fact the longer they keep it for like a year or two the better right?  Cheesy

some of the team do have a good idea and good product, they just can't release them while the market is in this bear condition. with good products, investors come naturally even if its just listed in the dex.









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October 12, 2019, 04:37:51 PM
 #69

The most prominent of their mistakes that I see is they take a small Exchange for listing their token, so making the price of their token worthless. I wonder why they don't just take large Exchange, which makes their tokens high in volume. Are they underfunded ? even though they already have enough funds from investors.
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October 12, 2019, 05:14:20 PM
 #70

The biggest mistakes developers make that leads to bad ending for many projects are

Quote
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already seen big profits.

It is their marketing and they are allowed to do it, i don't see anything wrong on this but they must LOCK the token of those who bought at a discount price like pre-sale clients.

Quote
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

Lack of idea can be counted as in cryptocurrency, idea is the best thing to add in your project more unique and useful for the future is the one who stands up. but the working product? i don't think so it is better to have out one the token is already in exchange to give a boost on the price!

Quote
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?

If they can't afford the best exchanges at least go to the average one and not to the market with no value or popularity! and then they can be on the best at later time once ready!

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bobelr
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October 12, 2019, 05:50:56 PM
 #71

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



The competitive environment is a big deal for projects with all of which you listed up there. Many have ideas but coming out to see that someone has just implemented their concealed idea is a knockout already hence they just put up something to make few bucks.
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October 13, 2019, 03:28:07 PM
 #72

I agree with the point above, where most developers do not make their project innovative and useful in order to attract investors to invest.
Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing Smiley

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Findingnemo
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October 13, 2019, 05:16:50 PM
 #73

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


Giving high discounts is the best way to attract investors so they are doing it but setting a high price and then giving huge discounts from it is just making everyone stupid.

I believe there is no more idea or projects can be discovered so all these projects were having different name from earlier projects and ideas.

Listing on big exchanges may not be an easy task even if they got enough money,because many exchange refuse to list a shitcoin.

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October 13, 2019, 05:19:51 PM
 #74

Bad management is one of those reasons as well, because I have seen so many great projects with big potential,  but they failed because of greed and false decisions by their management, everything can be ruined with bad moves.
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October 13, 2019, 05:29:26 PM
 #75


1. Huge Discounts

This is normal in the market today, without attractive promotions, they will not be able to attract investors.


2. Lack Of Solid Products and Ideas

Most investors today are only interested in profit and very few are really interested in the technology behind the coin, so developers do not place interest in developing their products.


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October 13, 2019, 07:14:46 PM
 #76

I agree with the point above, where most developers do not make their project innovative and useful in order to attract investors to invest.
Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing Smiley
I think that the reason for listing on such small exchanges is only one - free listing! Or maybe they simply want to dump the price of their tokens

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October 13, 2019, 07:23:27 PM
 #77

One of the frequently made mistakes by developers of a crypto project is poor team work. Although some projects have team members with great expertise in crypto, due to poor team work, these projects end up being unsuccessful. Projects like Libereum and Miracle TELE are classical examples. The downfall of these projects were due to the negligence and greediness of some members within the team.

I agree with this. There should be a proper coordination amongst the team members and should be dedicated in helping the product grow. I have seen many team members and developers doing nothing helpful to project. This wastes a lot of time and investors money.
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October 13, 2019, 08:58:59 PM
 #78

The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
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October 13, 2019, 09:07:07 PM
 #79

The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.

Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.

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October 13, 2019, 09:38:42 PM
 #80

Honestly I browsed project for over 2 hours now and all I have found were dead projects , dead volume , non-name exchanges but guess what ? Team still asking for patience when they already took 99% from the investors money and I'm wonder , how they could have this attitude ?

They ask for patience when they have 10$ volume in 24 hours and when you ask about development they even ban you ( discord ) or simply they tell you to wait for the CORE Dev to answer which never comes. 2 Projects attract my attention more than others :

Rupaya ( which I think they pulled an exit-scam recently as 1 exchange deleted them and 2 have blocked their wallets as no one fix their wallets leaving the holders with worthless coins with not a chance to sell them anymore even at 99% loss )

Galactrum ( who left the project into the community hands because they no longer want to develop the project because they have NO FUNDS, yet they took so much money when the project was founded ~3 mil $ turned into dust in 1 year ). Both of the projects should be investigated in my opinion alongside with the hundreds of another ones ....

Be careful in what are you investing guys ...be very very careful. Wink

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October 14, 2019, 01:41:27 AM
 #81

The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.

Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.
That is another factor of being greedy, each and everyone not only the investors but also the developers and bounty hunters are focused on making a money without further thinking of the possible things to happen in the future. As long as they make a profit they dont care anymore for the project, instead of making a progress, they tend to jump for another project to do the same thing.


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October 14, 2019, 02:05:14 AM
 #82

The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.

Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.
With that mindset there's no possibilities that the project will succeed. There's no sense of pointing anyone but the team itself. They need to secure
the future of their project by setting up long term plans and not just to relied with how the market will behaves.

Serious developers learned from how the situations comes out from the market and assess how to continue surviving even in the tough days like this.

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October 14, 2019, 04:34:21 PM
 #83

The most prominent of their mistakes that I see is they take a small Exchange for listing their token, so making the price of their token worthless. I wonder why they don't just take large Exchange, which makes their tokens high in volume. Are they underfunded ? even though they already have enough funds from investors.
Most project you find with all these smaller exchanges with volume are either the project itself is a scam and they are using it as an exit method for their investors, so they can look genuine to people, but blame their exit on failed project rather than seeing them as scam, while some projects uses it as means to stop dumping because it is when you get people to buy token from you that you think of dumping it, but in smaller exchanges, there is no way that you can get the volume to do so.

Apart from these two intentions, a solid project have no reason to ever register on a small exchange because they know there Is no way they will get the volume or be seeing as childish project, but when it comes to bigger exchanges, people do respect most of the projects on them which they pay attention to more.

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October 14, 2019, 04:37:59 PM
 #84

i don't care what developers of nowadays do with their projects if i am not satisfied with the features enough i will leave, we have gotten to the stage in crypto space where working product is a must for all projects, if your project is not seeing demands enough it will collapse

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October 14, 2019, 04:46:40 PM
 #85

i don't care what developers of nowadays do with their projects if i am not satisfied with the features enough i will leave, we have gotten to the stage in crypto space where working product is a must for all projects, if your project is not seeing demands enough it will collapse
In fact, many people want their products to be more valuable. Not many people care about its development, but how do you do it without something developed by the team can affect the price of coins / tokens?
For me it is not possible, about what the team can develop with their coins/ tokens will be responded to by the reaction of prices on their coins/ tokens on the exchange. The better the development, the interest of coins/ tokens will increase.

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October 14, 2019, 06:15:22 PM
 #86

before, it was bounty hunters they are using as an excuse for running a fail project. They will always blame hunters that they are responsible for dumping the token thereby crashing the project. This falsed many of new project dev to believe in this fibble story and decide to be locking bounty hunters token and finally we all know that it is investors that they gave huge discounts dumping the token. Many of them are even scared of listing their token for years e.g buzzshow and when they list the token, they will end up listing it on Latoken  Grin
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October 14, 2019, 06:42:10 PM
 #87

Not know in as you, and me seems that TON is famously fits in this list of, at least in the first two points. If I'm not mistaken, by January 1, 2019, Telegram spent 218 million dollars on the development of its own blockchain. This is a fantastic amount, and the platform is still not launched.
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October 14, 2019, 07:27:16 PM
 #88

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



Indeed, many developers are repeating the same mistakes and some of them do that in purpose just to earn money. There are devs that create projects that are meant to fail thus, also failing the goal of cryptocurrency. This has been observed too many times in 2018 that caused the downfall of the reputation of the altcoins.

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October 14, 2019, 07:36:21 PM
 #89

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



It is really sad to see the unfortunate state of the "forgotten" projects and many new projects are joining them. It makes me wonder if the developers are doing this consciously. This might be their primary goal, just to get some money from their investors and letting the project fail in the end. They don't just keep making the same mistakes. This choose to keep doing it because they can earn when they've done it.
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October 14, 2019, 08:27:15 PM
 #90

Not know in as you, and me seems that TON is famously fits in this list of, at least in the first two points. If I'm not mistaken, by January 1, 2019, Telegram spent 218 million dollars on the development of its own blockchain. This is a fantastic amount, and the platform is still not launched.
if you will think that they raised $ 1.7 billion for their project then you will understand that the amount which they spent is very small.

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October 14, 2019, 08:52:37 PM
 #91

Not know in as you, and me seems that TON is famously fits in this list of, at least in the first two points. If I'm not mistaken, by January 1, 2019, Telegram spent 218 million dollars on the development of its own blockchain. This is a fantastic amount, and the platform is still not launched.
if you will think that they raised $ 1.7 billion for their project then you will understand that the amount which they spent is very small.
now this amount is blocked by the SEC, so now it is foolish to speculate how much was spent on the development of the platform. now we have to wait for the funds to be returned and the product will work
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October 14, 2019, 09:05:14 PM
 #92

The biggest mistakes developers make that leads to bad ending for many projects are
snip----
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
the most fatal mistake is the third point. I can not understand why many projects that end in shit exchange can not provide hope. At least by spending more funds for listing in a more compatible market, I don't think it's a problem, instead it can be a booster to increase the confidence of other investors in strengthening market capacity.
Indeed, many developers are repeating the same mistakes and some of them do that in purpose just to earn money. There are devs that create projects that are meant to fail thus, also failing the goal of cryptocurrency. This has been observed too many times in 2018 that caused the downfall of the reputation of the altcoins.
So the goal is simply to collect money, there is no project development, and fundraising is only used to get maximum profit, blame the bad market conditions, there is no continuation until after a long time they disappear. Very ironic, so don't be easily fooled and love your money for safer investments at times like this.

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October 14, 2019, 10:52:05 PM
 #93

Honestly I browsed project for over 2 hours now and all I have found were dead projects , dead volume , non-name exchanges but guess what ? Team still asking for patience when they already took 99% from the investors money and I'm wonder , how they could have this attitude ?

They ask for patience when they have 10$ volume in 24 hours and when you ask about development they even ban you ( discord ) or simply they tell you to wait for the CORE Dev to answer which never comes. 2 Projects attract my attention more than others :

Rupaya ( which I think they pulled an exit-scam recently as 1 exchange deleted them and 2 have blocked their wallets as no one fix their wallets leaving the holders with worthless coins with not a chance to sell them anymore even at 99% loss )

Galactrum ( who left the project into the community hands because they no longer want to develop the project because they have NO FUNDS, yet they took so much money when the project was founded ~3 mil $ turned into dust in 1 year ). Both of the projects should be investigated in my opinion alongside with the hundreds of another ones ....

Be careful in what are you investing guys ...be very very careful. Wink

Unfortunately, this is the sorry state of the cryptocurrency space. Most of these developers are just in it to money grab. As a matter of fact, I advice friends to rather invest in old coins than new ones because good reputation can never be underemphasizd. Investing in new coins are very high risk choices that I may need 3 days of judicious and painstaking research before venturing into one
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October 15, 2019, 12:41:09 AM
 #94

Giving discounts is their way to attract more investors and we can't blame them for that strategy. If more investors would take part in their project, they will still gain more than 50% profit. When it comes to exchanges, one of the major struggles of the most project is the high exchange fees that's why they end up with unpopular and untrusted exchanges. Most investors are looking for trusted exchange so it will really be a big deal.
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October 15, 2019, 03:16:32 AM
 #95

Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
I think both of you has good arguments. Nevertheless, I would like to point out also the importance of having a product first before  conducting an ICO and I guess most investors would prefer this kinds of project to invest with - (this is aptly called in crypto community as reverse ICO.)


many teams simply cannot create a product without money, that is why they launch ICOs. but as a rule, they fail to raise money because investors are interested in products
This is in fact is true! Since most startup projects don't have the necessary funds to continue development so they in turn  conduct an ICO to generate funds for its operation and without sufficient funds, most projects would collapse not even reaching midway in its development.
Yes, I understand that they need funds before making their products. But, there are also many projects that already have products before they launch ICO or funding. So in my opinion, it's just a matter of the seriousness of the developer, if they are serious about building startups, then there must be an effort and & results before people can believe that the product really exists and useful.



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October 15, 2019, 03:56:00 AM
 #96

Developers coming of late like repetition of already existing ideas on the crypto space. There is no uniqueness in such projects because the project offer the same product which delivers the same solution as an already existing project on the market is doing. There is no creativity and innovation and this normally leads such projects hanging.
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October 15, 2019, 04:04:06 AM
 #97

Honestly I browsed project for over 2 hours now and all I have found were dead projects , dead volume , non-name exchanges but guess what ? Team still asking for patience when they already took 99% from the investors money and I'm wonder , how they could have this attitude ?

They ask for patience when they have 10$ volume in 24 hours and when you ask about development they even ban you ( discord ) or simply they tell you to wait for the CORE Dev to answer which never comes. 2 Projects attract my attention more than others :

Rupaya ( which I think they pulled an exit-scam recently as 1 exchange deleted them and 2 have blocked their wallets as no one fix their wallets leaving the holders with worthless coins with not a chance to sell them anymore even at 99% loss )

Galactrum ( who left the project into the community hands because they no longer want to develop the project because they have NO FUNDS, yet they took so much money when the project was founded ~3 mil $ turned into dust in 1 year ). Both of the projects should be investigated in my opinion alongside with the hundreds of another ones ....

Be careful in what are you investing guys ...be very very careful. Wink
Any project that has only 10$ trading volume is a bad project, it means no one wants to buy the coin or token, it means the project has no real use case, scammers walk away for free in crypto space and all failed project gets to softcap at least and they vanish into thin air
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October 15, 2019, 04:33:03 AM
 #98

Large bonuses to investors are legitimate because the developer wants to make investors not disappointed, but before giving a large bonus must be carefully considered because when a coin enters the exchange the coin will definitely dump, if so the developer must buy back coins to investors so that there is no dump for coins on the exchange, as well as coins owned by participants, there should be a buyback too, if you want to be really serious about the project. But I see only one or two projects that do this way

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October 15, 2019, 04:41:11 AM
 #99

Many developers always make the same mistake with listing bad exchange, how many ICO failed after listing with bad exchange market and down to lower price because developers not listed with big exchange market, when listing in bad exchange market there are less investor and look ICO coin is not interested, but if coin ICO listed with big exchange market have many investor and they will buy ICO coin and make price grow up and ICO investor get profit.

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October 15, 2019, 07:24:23 AM
 #100

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


It is true that you said, a large discount given to early buyers will make the project easily attract early buyers, but the question is whether it can make the project reach its softcap and hardcap. Then the product that is delivered is usually not attractive or will not be useful in the future so investors think that this project will be difficult to develop because it is not so useful in the future.
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October 15, 2019, 08:49:08 AM
 #101

One of the frequently made mistakes by developers of a crypto project is poor team work. Although some projects have team members with great expertise in crypto, due to poor team work, these projects end up being unsuccessful. Projects like Libereum and Miracle TELE are classical examples. The downfall of these projects were due to the negligence and greediness of some members within the team.
The common and most frequent mistakes that the developers of the projects are being bad at the working with their colleagues in which they are lacking of the team work and effort so that their projects become not successful. Another factor is the GREEDINESS of the people behind the projects,  because of the reason that they want to earn more they are lacking to take care and pay attention on their project because their mindset is just to earn and they forgot the importance of the project that they are making, this must been taking care of the developers and the managers.
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October 15, 2019, 09:08:51 AM
 #102

Not all developers are making these mistakes, many developers willingly list on low exchange because they don't have the aim of better outcome for investors, they want money for themselves, listing on better exchanges is costly and they did have the fund, they know what they are doing, its a fact

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October 15, 2019, 09:26:57 AM
 #103

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



Of the three things, in my opinion a fatal mistake is to choose a small exchanger as a trading place. Small exchangers sometimes provide negative perceptions for investors because with funds raised, sometimes a project can be listed on large exchangers and those who already have a reputation.
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October 15, 2019, 09:34:35 AM
 #104

Developers coming of late like repetition of already existing ideas on the crypto space. There is no uniqueness in such projects because the project offer the same product which delivers the same solution as an already existing project on the market is doing. There is no creativity and innovation and this normally leads such projects hanging.
And probably, the project is just there to scam investors. Those developers who keeps repeating existing ideas are only taking advantage of the situations, knowing that investors are lazy enough to listen with promises that too good to be true.

The concept and the usable offers is very needed when creating a project. If the team have new ideas and it is executable then expect that it will
receive attentions coming from idealistic investors and supporters.

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October 15, 2019, 09:44:08 AM
 #105

Developers coming of late like repetition of already existing ideas on the crypto space. There is no uniqueness in such projects because the project offer the same product which delivers the same solution as an already existing project on the market is doing. There is no creativity and innovation and this normally leads such projects hanging.
And probably, the project is just there to scam investors. Those developers who keeps repeating existing ideas are only taking advantage of the situations, knowing that investors are lazy enough to listen with promises that too good to be true.

The concept and the usable offers is very needed when creating a project. If the team have new ideas and it is executable then expect that it will
receive attentions coming from idealistic investors and supporters.
Developers who are serious enough to develop their projects will definitely think of concepts that have never existed/are needed right now, and don't give too much bonus. I think, giving a lot of bonuses such as not being confident with the project developed. however the developer will also think of the popular market to make the tokens more quality. we need to pay attention to this before supporting a project.
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October 15, 2019, 02:19:20 PM
 #106

Not all developers are making these mistakes, many developers willingly list on low exchange because they don't have the aim of better outcome for investors, they want money for themselves, listing on better exchanges is costly and they did have the fund, they know what they are doing, its a fact
That's why we must call the all as scam projects. They are not willing to list the token in a better exchange site but remember it can't be applied to the all of the shitty icos, some developers are also not creating any product which can be used as a proof to the exchange site if they are seriously developing the product.
Not all people are competences to create ico.
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October 15, 2019, 02:35:14 PM
 #107

Not all developers are making these mistakes, many developers willingly list on low exchange because they don't have the aim of better outcome for investors, they want money for themselves, listing on better exchanges is costly and they did have the fund, they know what they are doing, its a fact
many exchanges simply do not accept these projects for listing. large exchanges are important not only money but also the quality of the project. therefore, the reason may not only be in the money

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October 15, 2019, 05:23:54 PM
 #108

Not all developers are making these mistakes, many developers willingly list on low exchange because they don't have the aim of better outcome for investors, they want money for themselves, listing on better exchanges is costly and they did have the fund, they know what they are doing, its a fact
many exchanges simply do not accept these projects for listing. large exchanges are important not only money but also the quality of the project. therefore, the reason may not only be in the money
Of course listing on a good exchange is the success of the company, but the cost is really high, given that fees in such a market are going very badly anyway, therefore, I believe that it’s enough for the founders of the company to simply enter the market, attracting investors with big promises

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October 15, 2019, 05:52:20 PM
 #109

Not know in as you, and me seems that TON is famously fits in this list of, at least in the first two points. If I'm not mistaken, by January 1, 2019, Telegram spent 218 million dollars on the development of its own blockchain. This is a fantastic amount, and the platform is still not launched.
if you will think that they raised $ 1.7 billion for their project then you will understand that the amount which they spent is very small.
The amount is huge, even taking into account the fact that the project has collected 1.7 billion dollars (as you say). Yes and on that were spent(and were whether they in fact spent) these money big question, so as Telegram very closed organization and not hurry to disclose information
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October 15, 2019, 06:29:33 PM
 #110

Thats true but with regards to the exchange most of them are good exchanges but the market for some of thos tokens are not made available to users in some of those origins and this limits the volume of most of this trades

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October 15, 2019, 07:30:29 PM
 #111

With regards of listing in bad exchange, I thing most of the project owners knows that listing on a well-known exchange will not help the price grow because there is no demand for the token yet and the price for listing is too much for them, which is why they ended up on unkown or what you say is bad exchange because they want the funds collected to focus in development and marketing the project instead of listing on big exchanges.

 
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November 03, 2019, 08:40:26 PM
 #112

I think the biggest problem that most project have are the team members themselves, you will see them working so hard before their tokensale because they were still searching for funds but once they get those funds, they would just lose interest fast and that's when they start making the stupid mistakes because it seems what they want is just to kill the project so that investors would lose interest and move on, what I am trying to say is that the only thing that needs to change is the mindset of project teams, if they have sufficient love for their project, they wouldn't do anything to jeopardize it's success even if it's excess bonus to investors

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November 03, 2019, 09:43:08 PM
 #113

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


When the developers keep making the same mistakes again and again then it is fair to ask ourselves if those are mistakes at all or if they know very well what they are doing, I say this because as we know if you give huge bonuses then those that bought their coins early do not really have a reason to hold their coins and they will sell them dumping the price, however developers are not thinking about the long term well being of their projects, they just want to obtain money now and if that means giving those bonuses then they will do it.

Which is why if I see any of those 3 things happening in a project I immediately lose any interest I may have in investing in that coin.

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November 03, 2019, 10:40:19 PM
 #114

Very true, but they are only part of the errors. Because we must add bad management, lack of clarity in communication, disorganization, failure to meet commitments, and so on.
I think that most projects have not failed because of dishonesty, but due to incapacity.

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November 03, 2019, 10:56:15 PM
 #115

All your arguments are very true and the most correct is number 3. Many develepors who make that mistake, they are not aware of the fact that being listed on exchange that does not have volume will make investors panic and no longer trust. So investors began dumping.

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November 03, 2019, 11:01:31 PM
 #116

Because many projects have an insufficiently experienced team that is poorly versed in marketing. Or they simply do not care about their project and they make such mistakes intentionally. In order to attract as much finance.

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November 03, 2019, 11:49:19 PM
 #117

The biggest mistakes developers make that leads to bad ending for many projects are
snip-----------------------------
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
This is the most fatal mistake. I wonder what the goal is by choosing a shit exchange, maybe they want a free one? even though it could become a boomerang and make the project critical. Although spending more money, but able to attract the interest of investors and new buyers will actually be more profitable, right?

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November 04, 2019, 12:02:46 AM
 #118

Unfortunately it is. These errors are quite common. Because many developers are not serious about the project. Mostly so do scammers.

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November 04, 2019, 12:15:48 AM
 #119

Very true, but they are only part of the errors. Because we must add bad management, lack of clarity in communication, disorganization, failure to meet commitments, and so on.
I think that most projects have not failed because of dishonesty, but due to incapacity.
I am very confident that the developer is aware of this, because of this, a good project and professionals team will definitely avoid these things, and try to cover up their shortcomings. because of this, as investors and bounty hunters, we should be aware of whether a project really wants to run their project seriously or not.

I think things like bonuses that are too excessive, a bad market, and uncertain products, are projects that only want to get a lot of investment funds. many projects like this, even after the list on the market, they never make any progress, and leave the group.

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November 04, 2019, 01:03:21 AM
 #120

the biggest dev mistake is they wanna take money from investors then they dissapear, that's all

they make huge discount to attract many investors to get money. lack of product because they dont make it serious. bad exchange to reduce their spending

those are the most projects we can see right now, most of them is a sh*t

 
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November 05, 2019, 05:55:58 PM
 #121

Unfortunately it is. These errors are quite common. Because many developers are not serious about the project. Mostly so do scammers.
Early developers are still the ones that have goal for their work and they have passion for it also which is why we are still enjoying some of their works till date, I know some people would ask me what the enjoyment there is.

We have been using some of these projects to make payment and also for some various reason, and everything about these coins should not all bee what profit it can make, and this is one of the mistakes that the developers do make by not actually making their product know to the world for its technology, but for the profit that is going to come out of it which make sit subject to only people that wants to hold it for asset and not those that want to get the project coin for spending purpose. I usually do stay away from projects that are advertising their coin for investment.
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November 05, 2019, 06:24:13 PM
 #122

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


This types of mistakes are usually a result of lack of strategy in handling or managing projects. Most people are already jumping into the business without really studying the nature of it, not bothering to know what could be the possible failures that the project could possibly end up making them caught off guard once bad luck hits them. It's important to identify what are the threats waiting for the business so you could already come up with a counter plan to avoid it.
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November 06, 2019, 05:37:54 AM
 #123

the biggest dev mistake is they wanna take money from investors then they dissapear, that's all

they make huge discount to attract many investors to get money. lack of product because they dont make it serious. bad exchange to reduce their spending

those are the most projects we can see right now, most of them is a sh*t
many and often it is found in the current project maybe in my opinion the reason I know that investment with crypto currency can be done by anyone and anywhere and the absence of institutions that regulate by force of law and of course it makes people who are not responsible for using that opportunity and finally many investors are harmed by the fraud project

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November 06, 2019, 05:50:38 AM
 #124

in most cases new projects that offer large bonuses between 40% - 50% are one of their market strategies to attract market investment. my advice you should be wise and reconsider before investing in a new project like that.
related to products and exchanges it all depends on the marketing of the project team, if the project wants to be successful then the team is more focused on product development and not putting their tokens in shady exchanges.


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November 06, 2019, 05:43:05 PM
 #125

1, Big discount
I think they reduce 50% so they attract more investors and take advantage to develop.
2, Lack of solid products and ideas
Often new projects will learn from the way a successful project works, currently there are few projects that have new, innovative ideas. You cannot ask much  Roll Eyes
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November 06, 2019, 06:04:30 PM
 #126

There are many other mistakes such as the early token they give to bounty hunters even though they are not yet have exchanged. So they are also dump the price of the token into decentralized exchanges such as forkdelta. Thus, they may still have a token sale due to lack of funds and buyer are fewers as their token sales are cheaper on decentralized exchange.
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November 06, 2019, 06:10:41 PM
 #127

All of those factors are playing a massive role in projects success. Without good product, it is impossible to achieve a solid trading volume and a bad exchange listing can kill every project and it would never recover.
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November 07, 2019, 05:28:00 PM
 #128

Very true, but they are only part of the errors. Because we must add bad management, lack of clarity in communication, disorganization, failure to meet commitments, and so on.
I think that most projects have not failed because of dishonesty, but due to incapacity.
I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.

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November 07, 2019, 05:48:01 PM
 #129

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
4). Bounty Payment in Weekly. (Altcoin)

They pay bounty hunters immediately, which is not a good idea as bounty hunters can sell them at cheaper price on decentralized exchange like forkdelta and etherdelta. 

5) Not implementing KYC.

Because it could be the entrance to fraud. Many bounty hunters are looking for bigger tokens so they are making way to make more money and one of them is to sign up for multiple accounts.
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November 07, 2019, 06:27:09 PM
 #130

I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.
It could be that the developers now are ordinary people like us or he used to be a bounty hunter and over time he began to understand how to "create tokens based eth" and start learning make sweet promises.
after that, a new project emerged and he (as developer) seemed like someone who was already very skilled whereas actually he was not good at it.  (a fraud project began)
let's say with a 50% discount promotion when the IEO period is successful after that start to listing on an unfamiliar exchange market (small market). after that the devs don't care anymore aka run away what the money.
as you said, the goal is to enrich himself.
therefore many people have lost their sense of "investing" in current projects.

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November 08, 2019, 06:14:17 PM
 #131

I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.
There is every need now to try and eliminate many of these premature developers from the ICO sphere because they will eventually kill the ICO completely if we don’t take care except maybe we ourselves don’t care much about the ICO again, which I know and believe that many hunters would do everything possible to make sure that it is revived again because this is the place that many of them have really made so much money and they have made lots of investment in bitcoin.

I remember that when I first got introduced to cryptocurrency, I did not have money to actually buy bitcoin, so what I did was to do some ICO projects for a while now, and then use the money to invest in bitcoin, but that was when ICO was still paying very much.
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November 08, 2019, 07:48:19 PM
 #132

yes, some of the points you stated are true and real. I will only respond to the third point that bad exchanges or shady exchanges. if the project is truly valid and the team is serious in developing its products they will not register their tokens in shady exchanges, on the one hand traders will not want to use coins that do not have increased trading volumes.

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November 08, 2019, 10:39:42 PM
 #133

yes, some of the points you stated are true and real. I will only respond to the third point that bad exchanges or shady exchanges. if the project is truly valid and the team is serious in developing its products they will not register their tokens in shady exchanges, on the one hand traders will not want to use coins that do not have increased trading volumes.
What about the million dollars as a fees that already implemented in some major exchange sites? It's a big problem for the new platform to paid million dollars worth of money. Some coins were having fully working product can't even listed its token to the big exchange site caused by this problem. More money and highest priority.
This is a difficult situation when some things are getting contradicted one to each other.

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November 08, 2019, 11:00:49 PM
 #134

What about the million dollars as a fees that already implemented in some major exchange sites? It's a big problem for the new platform to paid million dollars worth of money. Some coins were having fully working product can't even listed its token to the big exchange site caused by this problem. More money and highest priority.
This is a difficult situation when some things are getting contradicted one to each other.
They must be better prepared with the next aspect of marketing if they believe in the project. must offer proposals to several partner companies to get quality supporters and divide them into reasonable stock incentives, indirectly their quality must also be seen in actively managing cooperation and not just relying on regular investors, prospective projects without the maturity of additional activities the same as projects that do not have an adequate economic foundation for the long term.



 

 

 

 

 

 


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November 08, 2019, 11:04:12 PM
 #135

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



There is no better truth than all you just pointed out. Most projects thinks it's by giving huge discounts or bonuses will they be able to attract investors but it always has a negative effect on the price of the coin thereafter. Also, most projects doesn't last long or even for a reasonable amount of time owing to lack of ideas to keep driving the platform; in the same way, some projects are just a copy of already existing projects, therefore failing as well. Bad exchanges also contributes which is sometimes as a result of the team trying to enrich themselves although there can be other reasons too.

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November 09, 2019, 01:49:37 AM
 #136

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?



Discounts may not be a mistake because this is one strategy in attracting investor interest. In my opinion, the fault of the developer team is the lack of dedication to develop projects in accordance with the target roadmap so that investor confidence falls.
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November 09, 2019, 08:37:36 AM
 #137

the biggest dev mistake is they wanna take money from investors then they dissapear, that's all

they make huge discount to attract many investors to get money. lack of product because they dont make it serious. bad exchange to reduce their spending

those are the most projects we can see right now, most of them is a sh*t
People who collect funds from investors and run away with it are classified as scammers not developers because they never had any project under development. Such a situation is not a mistake but a planned scam. All of such acts must be reported on the scam-accusation section on the forum to alert fellow investors here to stay alert.

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November 09, 2019, 12:46:17 PM
 #138

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe

3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?


There is one more mistake
The right choice partner. Many choose poor partners and over time, due to the fact that people can’t agree, the project is falling apart.






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ahmia39
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Trident Protocol | Simple «buy-hold-earn» system!


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November 09, 2019, 01:21:59 PM
 #139

All of those factors are playing a massive role in projects success. Without good product, it is impossible to achieve a solid trading volume and a bad exchange listing can kill every project and it would never recover.
Right, because many projects have died without a product, even though they have been listed in exchange, if this happens it will be very difficult for the project team to rebuild the project they have managed.

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November 09, 2019, 05:07:03 PM
 #140

The biggest mistakes developers make that leads to bad ending for many projects are

1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.

2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe



Personally, I think these are the real and main reasons and mistakes project developers and managers make that cause the downfall of most crypto projects.  Giving investors a huge amount of tokens causes the potential of the token to lose its value on the crypto market leading to low volume and market cap. Developers most times do not really plan to develop products or projects that solve real problems in either the crypto ecosystem or the entire financial ecosystem.  



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November 09, 2019, 05:38:03 PM
 #141

I think one of the main mistakes of developers is not always the correct distribution of funds within the company.
Often the team and advisors receive too much allocation, while these coins are not always blocked. This gives the team and partners advantages over investors and bounty hunters.
But if the coins are locked, this affects the tokenomics of the project in a good way.

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November 10, 2019, 06:58:15 PM
 #142

Bad exchange is always the first undoing of any project especially when there have been promises of top 5 exchange. Projects should save money especially those who raised huge sum during ICOs for reputable exchange listing at first other smaller exchanges cn follow suit.
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November 12, 2019, 03:41:07 PM
 #143

If a team member does not pay attention to any of those aspects, you can consider the project as a dead one. Almost all of them are forgetting about the second and the third one that is literally killing the project from the very beginning.
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November 13, 2019, 04:51:30 PM
 #144

I am not so sure about this, it is true there are many amateur developers that think they can make a name for themselves in this industry and they have no experience or the capability to do anything of what they want, but they are a minority to me, most of those that are releasing their coins know very well all of this and they do not care because that was never their purpose, their real purpose is to enrich themselves by abusing the trust of their investors.

And when we consider all of this is not really surprising that investors have lost all confidence in icos as they know the chances they find a decent project are almost zero.
There is every need now to try and eliminate many of these premature developers from the ICO sphere because they will eventually kill the ICO completely if we don’t take care except maybe we ourselves don’t care much about the ICO again, which I know and believe that many hunters would do everything possible to make sure that it is revived again because this is the place that many of them have really made so much money and they have made lots of investment in bitcoin.

I remember that when I first got introduced to cryptocurrency, I did not have money to actually buy bitcoin, so what I did was to do some ICO projects for a while now, and then use the money to invest in bitcoin, but that was when ICO was still paying very much.
But that is the thing, you cannot eliminate those developers from the market, anyone no matter where you are or what is your level of experience or talent can create their own cryptocurrency, this allows a great amount of freedom in this market but it also allows many scammers and inexperienced developers to try their luck and try to deceive investors to invest in their project knowing full well they will never fulfil their promises.

In my mind this means that the ico market will never recover, we will see some good projects from time to time but the success stories will become more uncommon as time passes.

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