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Author Topic: the most important thing in the development of a project?  (Read 420 times)
Apostlekin$$$
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December 20, 2020, 08:19:23 AM
 #61

The most important part of a new project is the team, transparency of the team is all I need, been transparent will show how caring they are with their reputation, most new projects don't really have the best interest of their investors at heart, they don't care about any reputation, your job is to find out if the team cares about their rep

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December 21, 2020, 07:25:41 AM
 #62

Another point is for the team to be Continuously transparent, passionate about the project with good marketing. This are very important for long term success of any project.

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December 21, 2020, 07:33:34 AM
 #63

The most important part of a new project is the team, transparency of the team is all I need, been transparent will show how caring they are with their reputation, most new projects don't really have the best interest of their investors at heart, they don't care about any reputation, your job is to find out if the team cares about their rep
tranparancy in which side mate ? the only thing developer team could about tranparancy only put their developtment progress in github account. we will see did dev team work correctly for their plan? and about another thing , there are nothing we could hoped. if we see no developtment progress in github we must becarefull and ask about it to team.
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December 21, 2020, 07:48:14 AM
 #64

yes, some good points. especially about project product development as well as marketing, products that are well developed or have a large demand in this market have positive points for the project.
Large demand? I think that is a term applicable to traditional fiat markets than crypto markets. I am yet to see some crypto project develop something that has a demand that cannot be met already by a counterpart in the fiat projects.

The group of people who still attempt to drive such a project end up failing miserably only swayed by statements of how "anti-establishment" they are. Plain bullshit if you ask me, it is a forced coercion into following such failed projects. Small niche projects have no place in this world, whether that is a good or bad thing, does not matter.

Quote
and this can ensure that the project has quality products and the team has good marketing.
Those will become secondary if the project itself is already saturated by mainstream companies.

R


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December 21, 2020, 06:41:48 PM
 #65

Use case is definitely one of the most important, if the project doesn't have a reason to be used there is also no reason to buy it neither, which is why most new projects tries to aim at a reason to be bought. However just because it can be used somewhere doesn't mean it will be used neither.

Look at NFT projects right now, they are promoting how "unique" they are and they should be bought because there will be a limited amount of them, but limited amount of something horrible will always be a limited number of of something horrible and people may not want it, there is no reason why you should buy something that will always worth nothing. So you should be carefully picking the projects you invest into, just because it sounds good and just because it has a reason to be bought doesn't mean that it is a good reason and it could be forgotten soon.
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December 21, 2020, 09:20:43 PM
 #66

You created a perfect situation for development new project, but unfortunately often new projects don`t have even a half of these criterias. Many start ups appear now and only few of 20 will be really successful. There are many ideas, but it`s difficult to release them and not everyone can fit what you have written

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December 21, 2020, 10:20:11 PM
 #67

In a project everything must be prepared.

1. The team is experienced in technology so their concept will be good if it is experienced.
2. Funds must be prepared because building a project must have funds. Do not rely on funds from the sale of ICO / IEO. It will be difficult if the project does not develop.
3. Products must be prioritized because the project has a goal on the product so this step must take precedence.
4. Good marketing and can build a community with many who are interested in the project.
5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.


There is no most important thing whenever it comes to project development because every facets or stages of the token growth, project advancement etc is very cruicial and important. Your List 1 - 5 are important as well as having excellent marketing in the blockchain space. For me, the most crucial thing that makes a project succeed in the blockchain is when the developers are willing and hardworking.
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December 21, 2020, 10:22:57 PM
 #68

2. Funds must be prepared because building a project must have funds. Do not rely on funds from the sale of ICO / IEO. It will be difficult if the project does not develop.
THIS This is how almost all of the new projects starting. They have nothing to start with and only rely on funds from ICO/IEO. Which is really ridiculuous and they will start to postpone the development progress if the softcap is not reached during that offering. This kind of mindset is really dumb and MAKE ALL OF THE NEW PROJECTS WON'T EVEN SHINE IN THE MARKET

3. Products must be prioritized because the project has a goal on the product so this step must take precedence.
Let's be honest, it's close to nothing they have finalized products.

5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.
They don't want to even bother with strict rules and want to list their tokens on shitty exchanges because these exchanges have less strict requirements.

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December 21, 2020, 10:49:41 PM
 #69

There is no most important thing whenever it comes to project development because every facets or stages of the token growth, project advancement etc is very cruicial and important. Your List 1 - 5 are important as well as having excellent marketing in the blockchain space. For me, the most crucial thing that makes a project succeed in the blockchain is when the developers are willing and hardworking.
Well that would do but we know that the willingness and hardworking to develop the blockchain or network of the project is already an easy thing for the expert. It might not be needing to focus anymore in that area. I think the crucial part of the project is the utilization on how to get the project working and to be able to get a demand from the users. Just like binance exchange wherein they get the chance to prove their project really worth it and people believe in them which then utilize their project and now it is one of the best big crypto exchanges in cryptocurrency around the world.
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December 21, 2020, 11:17:45 PM
 #70

The development of the project always starts with the team behind it. The team must be composed of organized people who are knowledgeable about the technology with the concept and idea that are all brainstormed by the team itself and they must be reliant and honest for they are wanting to execute a project on the public. Funds is of course a must have for you will be spending money on establishing and promoting the project so you must have money to fund those expenses that are associated on building up that project. Do not fool people out for you are putting credibility so that potential investors will get into your project to make it bigger and reach the goal and success the project is aiming. It is not just about the team, the money, the product but of course the trust you are building for projects are seems like business so credibility and reliance is a must so people will trust your project.

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December 22, 2020, 12:05:14 PM
 #71

I think any team that’s launching their product on a low exchange is making a really big mistake. And your number two point is what causes a thing like this, when the team doesn’t sit down and plan things ahead and raise the funds that are needed before starting their project.

There are some who just go ahead and launch the project with little funds and when it’s time to launch the product on an exchange they will put it on small exchange because they don’t have enough funds and that will make the product not to be successful. They should plan ahead and decide where to put their product and bigger exchanges should be the plan and not the small ones.

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December 22, 2020, 08:34:01 PM
 #72

You nail the points but most of the projects of nowadays rely mostly on the funds raised through the ICO/IEO for project development and the fear of dumping makes investors think twice before investing. This affects most of this projects and they tend to fails.
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December 22, 2020, 09:44:15 PM
 #73

Important development of a project is something that must be seen if you want to buy an altcoin,
so you have to be really serious, yes, the roadmap and the team must go well.

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December 24, 2020, 02:26:30 AM
 #74

In a project everything must be prepared.

1. The team is experienced in technology so their concept will be good if it is experienced.
2. Funds must be prepared because building a project must have funds. Do not rely on funds from the sale of ICO / IEO. It will be difficult if the project does not develop.
3. Products must be prioritized because the project has a goal on the product so this step must take precedence.
4. Good marketing and can build a community with many who are interested in the project.
5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.


1. The team with experience is good and i agree with that
2. Fund is not needed but is a must !! It is for frist step of development before you launch your ICO ( if you does not have fund but your project looked good, angle investor wil come to you )
3. Community will be built it self when you have good project and people trust you, it is takes time but it will come.
4. The fund collected during ico is not representation of good project or bad. I my self like the project which only collected small ammount.

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December 24, 2020, 06:21:02 AM
 #75

You nail the points but most of the projects of nowadays rely mostly on the funds raised through the ICO/IEO for project development and the fear of dumping makes investors think twice before investing. This affects most of this projects and they tend to fails.
Fear of "dumping" is something that is present in every public offering. Even the fiat based IPOs see more than 10% drops in the first week because some people make money by developing a fake demand and selling their stash at inflated prices. Do they care for the future of the project? No.

So most teams managing the economics of such projects are well versed, of course I cant say the same for the crypto niche projects. Many of them are wannabes and less knowledgeable about how speculative markets work. Roll Eyes Then again, 99% of these projects are failures so I cant blame them for choosing poorly experienced people for the team.

Important development of a project is something that must be seen if you want to buy an altcoin,
so you have to be really serious, yes, the roadmap and the team must go well.
Roadmaps are made to be delayed. Did you not see that yet? Teams are meant to be the biggest dumpers and they will abandon the project one day before you know it. You want more reasons why you should not invest in coin offerings?

R


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December 24, 2020, 12:32:13 PM
 #76

Important development of a project is something that must be seen if you want to buy an altcoin,
so you have to be really serious, yes, the roadmap and the team must go well.
Roadmap and the team can't be considered as good reasons to buy an altcoin. The product is something that must be used as your consideration but in altcoin everything just like a big bet to the project. A project with good roadmap can be a failed project and in another case there's also good project with product can become the next failed project too.

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Josefjix
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December 24, 2020, 01:28:04 PM
 #77

Investors are the most important aspect in a project development not just mere investors who would wank off gotten tokens from ICO/IEO cheaply but the ones who would stand by the team members when things goes south.. The truthfulness of the team members is another great developmental goal. The team needs enough capital before going to market on the exchange, the should at least be bold enough to take over the left over first investors have left behind. Then you can actually predict where the project is heading to. creating new projects are always very tedious tasks involved.

Studying of the market mechanism is another thing worthy of note, investing in the promotion of the project to attract new investors. some of the points raised by you are actually very needed for a starting project to pick.

R


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