Enough of repetitive projects and old ideas

[Dr.Osh]

I will tell you that a lot of old altcoins died as well as many new altcoins die. Competition is everywhere. If you don't have money for extensive advertising - you are dead. The idea pulls out of the pit not all companies, you can't do without advertising.

yes, a good marketing startegy will make a project exist
but, a pure and new ideas will bring more attention from crypto investors to a new project my friend

most ideas that always exist today are exchange, and browser. however, both of these ideas can be developed better and cover up the shortcomings of existing projects. it's just that it requires a large fee. however, some people try to take advantage of it and become greedy. Well, maybe another idea will make the crypto project increase again.

[Tutte]

Repetitive project is really high in blockchain this days, it seems there are no more niche in the world that projects needs to constantly repeat what is already in the market, it is good to have varieties and diversification, developers really need to dig deeper and bring something different.

[FanEagle]

The sad thing about the repetitive projects that they are actually making the original one lose value as well. Let's say you want to create another privacy coin and you copy whatever monero has done, you will get some money and when you get money that money could have gone to monero instead, so you are taking it away from the original instead. This is why I keep saying that new coins should not be allowed.

I know there is technically no way of stopping anyone starting a new coin, but we already have above 3 thousand coins created so far and it has been only 10 years since the first one started, in another 10 years we are going to have a total of 30 thousand at least. Which is why I believe we should find a way to make it very difficult for new coins to arise and collect funding from people and not make it so simple.

[ScamViruS]

The main purpose of these projects is to take money from retail investors and dump their shitcoin. These coins are not designed to be in the long-term market. So they regularly dump their hold coins.

That is nowhere to go after the ICO/IEO. I'm not sure if investors will look into them knowing that it could be hopeless to see a copied project to run in the market become profitable but for sure it leads nothing in their ends. That is why I keep thinking about the oldies projects which we know already their capabilities and that having a good market performance. I'm not saying the new projects will just be ignored but most likely it is that case to happen and that makes them a lesser chance to succeed. Project developers should think differently and should have their uniqueness in order to have a winning stance.

There are many big reasons behind these projects. Not all new projects are bad, there are many projects that are actually very unique but their project cannot be successful because they do not have crypto power. So we have to find new unique projects and make them successful.

[AdoboCandies]

There are too many shitcoins that are appearing and the common thing in them is they share the same repetitive idea, I think the dumbest idea that the ICO has is the flying car concept, There are cannabis ideas that never been successful and now there are medical concepts that will create a cure on the recent pandemic. But I understand them, it's hard to think of a new idea that piques the interest of the investor, and instead, they are basing on the popular coins, which they are hoping to get some investors. Not like 2017 where ICO's are unique and the coins after the ICO get a decent value.

[ameliana]

something new is sometimes not in line with expectations, as we see there are many project ideas, promising concepts, quality products but ultimately not as they expect. investors will certainly choose real projects including coins that always have good price developments.

[joinfree]

Ahh well, I am glad someone has caught a wind of this situation in this industry. Most upcoming projects are just picking at already existing projects with almost similar ideas and trying to make something new of an old project. This only takes away market cap of existing projects just like the several forks of bitcoin.

[WannaCry]

yes enough with these projects.. but the thing is we cannot control them, people behind on those upcoming projects.. there are a lot of projects that are coming but its always the same ideas.. If the developer only knows what are the ideas that are missing in this crypto world then we are not seeing those repetitive projects and ideas. They should try a new idea.

[Goldada]

The repetition is just too much. And these days it's just all about the scam. I doubt the developers we have now want to try out new things. Once there's a trend, everyone jumps on it. Too bad.

[Ken_terrance]

They don't know how to stop, they want money and they have nothing to offer, too much repetitive projects nowadays after having over 7000 altcoins in crypto space? I've had enough, I don't need projects with same old idea

[tiang_tower]

yes enough with these projects.. but the thing is we cannot control them, people behind on those upcoming projects.. there are a lot of projects that are coming but its always the same ideas.. If the developer only knows what are the ideas that are missing in this crypto world then we are not seeing those repetitive projects and ideas. They should try a new idea.

Yes, the project developer should try new ideas for now, especially now that there are several projects that apply the same ideas to new projects, this automatically provides opportunities for other project developers to build new ideas so they can attract attention investors at this time.

[Byakuga]

It's tiring, investors are now smart to avoid some scam projects but believe me, very soon investors will learn to give up fully on new projects, old coins that are still doing well will grow bigger in future because these old projects will be the only thing left to trust.

[bgaf]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

Its easy to say that OP but establishing a new and complete different unique project is hard. Almost all new projects if not improving some lack on previous project are just creating same concept.

What use case in reality does not have a platform yet? I think almost all are already taken. If you think about it, not all fields needed blockchain hence putting unnecessary new platform is waste of time.

[iTradeChips]

Bring in something NEW or don't bother at all

You will find new projects that are contributing by doing something new, but you will have to search them. Most of the new projects are crap because crap sells too and it's easier to pull that off then build anything ground breaking as that would require actual skills and devoted team.

Imho it's pointless to ask devs to stop delivering shitcoins when a lot of them are in it for the money anyway and ton of investors are also just looking for instant gains.

Most people aren't tech-savvy enough to know why a some project needs a blockchain or a token and what projects doesn't and most of these projects are in this to get money from these gullible people. Shitcoin builders don't have the skills to pull off anything too complex, but most investors can't tell the difference between the coin and a token. so...

We have a saying, "Don't reinvent the wheel." Many project developers are doing the whole nine yards because it is the tried and tested thing. You cannot just tell these people scammer or not, to waste hundreds of dollars for something that hasn't been tried yet. Leave that to Elon Musk or any billionaire that has lots of money to waste on. As an investor, you just have to be careful picking their projects. Those people even don't listen to posters like you who demands that they give new stuff. Just be careful.

[OrangeII]

It's tiring, investors are now smart to avoid some scam projects but believe me, very soon investors will learn to give up fully on new projects, old coins that are still doing well will grow bigger in future because these old projects will be the only thing left to trust.

Well, projects that have recurring concepts won't attract investors anymore, and sooner or later they will leave. this is a strong push for developers to think of new concepts that are more interesting and relevant to the blockchain. Well, that way, investors might be interested again. at present, almost all new projects that emerge only repeat ideas from existing projects.

[darewaller]

The amount of people who do not understand the premise of this topic is really scary. Plenty of people came in here saying "there are some good projects who are bringing new things" and that scares me about those new projects. Just because there are new projects doesn't mean that there are zero repetitive projects and that is the topic here. It is not about the new projects who do something new, it is about the new ones who are doing the old things all over again.

There are tons of projects who are doing the same thing and just copy pasting the whole coin by just changing the name and that's it. THIS is what we are against, THIS is what people are talking about here. The coins that has new stuff in it is not the discussion and nobody talks about it and not complaining about it here.

[aemma]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

What baffles me nowadays is the fact that most projects now see it as a normal thing to steal others ideas and even plagiarise their whitepaper and when caught they look for an excuse to cover it up and make it look like nothing. It's sad but this is the type of projects we have nowadays, only few upcoming projects are unique in their own ways others are always found wanting. Also, you have said it all but the question is, will there be a change, when it is now rampant? There might not be a change thus the reason to be weary of every project with such questionable nature, because for sure the team are only after the funds.

[Byakuga]

Many new altcoins will die in the future because there won't be many investors investing money on them and as we know it we have many scammers here who will keep creating useless tokens and coins, if you are a developer and you think you are serious enough then try as hard as possible to come out with something new and different, enough of repetitive projects and same old ideas

Bring in something NEW or don't bother at all

DeFi projects are doing so well right now but for how long? Even few new DeFi projects are showing up, I smell bubble few months later, some kinda shit that ends up swallowing ICO into the ground, anyways if I have to invest in DeFi projects it won't be a new one

[Greatchu]

We really can't put an halt to repetitive projects but they can be avoided by doing research and know exactly what you want, only newbies who aren't ready to learn will fall for repetitive projects, we already have big lists of blockchain projects and know they are getting annoying for real

[trauchot]

Of course, I agree with you, but unfortunately too many fraudsters have created and will create various tokens in order to earn money and deceive other people, unfortunately there is no way to get rid of this, but we can and we must fight with fraudsters.