joseyphil82 (OP)
Member
Offline
Activity: 742
Merit: 16
|
|
September 28, 2019, 12:00:11 PM |
|
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?
|
|
|
|
Bttzed03
Legendary
Offline
Activity: 2114
Merit: 1149
https://bitcoincleanup.com/
|
|
September 28, 2019, 12:18:05 PM |
|
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. 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. 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.
|
|
|
|
Jating
|
|
September 28, 2019, 12:43:35 PM |
|
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.
|
|
|
|
Red-Apple
|
|
September 28, 2019, 01:09:28 PM |
|
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!
|
--signature space for rent; sent PM--
|
|
|
ansi
|
|
September 28, 2019, 01:22:18 PM |
|
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.
|
|
|
|
badykvik
|
|
September 28, 2019, 01:22:43 PM |
|
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.
|
|
|
|
DaMut
Sr. Member
Offline
Activity: 1260
Merit: 263
Axioma Holding - Axioma Pay Crypto Card
|
|
September 28, 2019, 01:26:48 PM |
|
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.
|
|
|
|
Stanlo
|
|
September 28, 2019, 01:40:32 PM |
|
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
|
|
|
|
DBronze98
|
|
September 28, 2019, 01:43:22 PM |
|
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.
|
|
|
|
CLywaTeLb
Full Member
Offline
Activity: 770
Merit: 101
send and receive money instantly, no hidden costs
|
|
September 28, 2019, 01:50:57 PM |
|
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
|
|
|
|
BennyK
|
|
September 28, 2019, 02:22:37 PM |
|
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.
|
|
|
|
cryptofirm
Sr. Member
Offline
Activity: 1039
Merit: 250
BabelFish - FISH Token Sale at Sovryn
|
|
September 28, 2019, 02:34:15 PM |
|
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
|
|
|
|
BRODIN
Member
Offline
Activity: 655
Merit: 10
|
|
September 28, 2019, 02:45:21 PM |
|
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.
|
BTC ETH TEN
|
|
|
wedosgibas
Member
Offline
Activity: 535
Merit: 33
here we go
|
|
September 28, 2019, 02:49:33 PM |
|
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.
|
|
|
|
bartolo
|
|
September 28, 2019, 02:50:20 PM |
|
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.
|
|
|
|
mirgo1791
|
|
September 28, 2019, 02:53:19 PM |
|
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.
|
💌💌💌💌💌 DO NEAR - GAMES ARE LOVE 💌💌💌💌💌
|
|
|
dodziu
|
|
September 28, 2019, 02:56:38 PM |
|
Huge Discounts Every good business offers huge discount even in the real business there is what we call "buy one get one free" Lack Of Solid Products and Ideas Most of them have MVP for their upcoming project. 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.
|
|
|
|
pixie85
|
|
September 28, 2019, 03:11:14 PM |
|
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.
|
|
|
|
taufik123
Legendary
Offline
Activity: 2576
Merit: 1791
Rollbit.com | Crypto Futures
|
|
September 28, 2019, 03:23:52 PM |
|
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 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.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
sorrros
Full Member
Offline
Activity: 954
Merit: 104
ludenaprotocol.io
|
|
September 28, 2019, 03:25:53 PM |
|
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.
|
|
|
|
|