Success factors of a project

[malikusama]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

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[dothebeats]

Financial support isn't enough. You must also have a good team that updates your peers every now and then, else your project will not get enough attention from the masses and might get foiled easily. The competition for the altcoin markets is always cut-throat, and even if you have loads of budget for your project, if it's not used correctly into something that really matters then it's a dire effort plus wasted money.

Usually a project that gains much exposure and positive reception are those who are good in marketing plus innovative features of the project. You don't necessarily need to have bounty campaigns that pay top dollar, just enough things to get your word out and an approachable team for that matter.

[jossiel]

Well, you're correct about the financial support. There were projects that seem to be good but lack of budget just to get into a better exchange so the ending was bad for them because they simply list their token into an unknown exchange.

Which make their projects look like useless as others. That's what most of the investors like today, getting involve to a reputable exchange and that will cost money for the developers.

[Stargazer]

If a project with perfect technical support and good marketing strategy fails, then I think they have a lack of unique vision or real use cases or products. Investors are very aware now, they won't invest in a project with no product and daydreamy vision.

[krisnajsadrak]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

well, maybe your reason about financial backup or financial support before a project run an ICO or IEO stage is good enough
thats mean the team should have a seed funding money, right ?
may i ask you something what for the seed money ?
because price created by the market,, if a succesful a project judged by price
for me, if the team develop the project correctly and all roadmap run on schedule,
for sure the project is good enough to invest in long term my friend

[CjMapope]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

ya as far as financial support look at VBK : /
people wanted them to put up buy walls to protect the IEO price, but miners are just dumping into it, ate it right up
you need UTILITY, unless a coin has USE, its will get dumped eventually
imo, a coin needs deflationary triggers too, BTC has several itself
BnB is a good example, it gets burned, reducing supply, increasing scarcity of a token with actual USE

[Nivia1st]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

yes I agree with you, funds are the most important. without financial support, it is difficult to be able to make a successful project. Conducting IEO in large exchanges, promotions & advertising, and to keep prices stable, all require funds. but unfortunately most of these startups don't have that, they only expect from the sale of tokens. whereas to make a successful token sale requires huge funds.

[Kemarit]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

Isn't it those projects are entering the crypto market to raise funds? So how can they get financial support from the very beginning? So the first thing those ICO really need to do is to present a solid and tangible product to begin with so that investors are willing to give them financial support. The problem is that majority of the projects today are not unique and they are exact replica of products in the past that's why investors shunned them, worst they could be running a scam for all we know. And the timing as well, look at the current state of the market, long bearish trend. If I'm going to released an ICO, I going to wait till everything settles down or at least the market is beginning to have a bull run.

[pedpedped101]

That is not also a good ground for the project to acquire more than needed. There have been some projects that perpetrated such acts in the part and some are still doing it. It is better that a project that will come to the crypto space, should first have funded the project by the members of the team or through other success.

[Perfect35]

The main aspect of every good project, that should be considered is its product and marketing. A good product will he very easy to market. In fact, whoever is doing the marketing will be very glad to do that. Many of the the project out there fail, because their products cannot be trusted and used in the real sense of it.

[kawetsriyanto]

Fund is one of the key factors to success a project. If a project has already had enough fund before entering IEO or ICO, it is absolutely good idea. Then, the team project won't depend on the fundraising got from IEO or ICO only to continue the project. Many project failed because they didn't get softcap or hardcap, right? But of course to success is not only based on the fund or capital. The quality of team, how good their MVP, partnership, community support, and other crucial factors also contribute as well.

[jazmuzika217]

Practically, we all know that we need a complete financial and technical support. But the most important thing to success is marketing because we can say that this is the heart of every project or in every business because it is not only about promotion but to provide the needs and wants of consumer and users.

[stephanirain]

Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

The advertising makes the project stand out and be known by the public. If the project succeeded in catching the interest of the investor, it could aslo most likely gain his trust also as long as the project is legit. There are a lot of cryptocurrencies right now and some look like copy car of each other but if the project is unique and one of a kind, it will surely succeed.

[TimeTeller]

Practically, we all know that we need a complete financial and technical support. But the most important thing to success is marketing because we can say that this is the heart of every project or in every business because it is not only about promotion but to provide the needs and wants of consumer and users.

So the bottomline is the actual working product that will satisfy its consumers and users.
Without actual product, it is very difficult to market a hollow project.
Because if you have satisfied customers, they will always tell it to their family, friends or colleagues.
And word of mouth is one of the best marketing tools to expand the business.

[maxreish]

Aside from the financial support and the team behind the it, the product itself is one of the main features and reason for a success of a project. If you can notice, those projects that have a useful product like ethereum does with their contract platforms(erc20) makes it a successful one.

Projects with feasible objective can easily determined with their proposed whitepapers. But of course, financial support is highly needed to the road of success.

[Aabcde]

I would agree if there are new projects that are beneficial. In the sense that the ideas they bring can be implemented in a product and the product itself is able to provide maximum functionality. If indeed the developer has done that, the next step is to find a way to get their marketing hype without false lure. Of course, all this can only be done by a solid and diligent team.

[Kotone]

Like everybody says money can work for you. This statement is really working in the real world. Some projects are doing this enlisting on some exchange by paying listing fee even though their project has nothing to show or demonstrate. Most team have their own style but to tell you, I dont like projects only focusing on price tag. That's why before I joining or investing a project it took me a lot of time to review it, I will just do it if Im satisfy about their response.

[hatshepsut93]

The only success factor that you'll ever need is the willingness of developers to deliver a working product. Satoshi created Bitcoin from scratch without any ICO funding and alone, yet today all these "teams" need millions to create some tokens and write some smart contracts. To me it's clear that in crypto field almost no one cares about actually writing code, they just want to grab investor's fund and then find a way to quietly disappear. So, they keep faking activity for months and years, while actually the project was a scam from the very beginning.

[Ridwan Fauzi]

The real function who can be use by many people in the future is really important to develop a project. On this day, there are a lot of project who can't be interested anymore by some investor and was leaved by their investor just because its function only applicable for a while or even they didn't have any idea to develop it again.

I'm sure sooner or in the future cryptocurrency will use freindly by human, because this industry is an innovation. You can imagine, the technological system has changed the assessment for many people now. They are changing the traditional system which I think it should be changed just because there is a solution which can make whatsoever humans do is becomes easy. So my conclusion is the success projects are they who can make a system becomes for human being.

[bassbity]

Financial support is very important in a new project that is run, if you have no funds at all then this project will not be useful, when the project will sell ICO or IEO the reserve fund must be ready because if it is not successful in the sale then the reserve fund is ready in use it for future market and product needs, but if the sale is successful then I think the product will be on the way well, because investors now see the project from development and look at the market when it's on the list right.