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Author Topic: Time that there will be no new altcoin projects anymore  (Read 941 times)
Ucy
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October 19, 2020, 10:07:52 AM
 #21

Even in good free market, people will still keep developing/creating in that manner until it's no longer necessary.

I think what needs to be done is to subject the new projects to high/quality/good standards before they are available for public use. If this is done, the substandard/bad projects will hardly make it, creating good projects will now require more effort and time.  
If bad projects are stopped while the substandard ones are prevented from appearing to the public for serious usage, the number of tokens/coins appearing for public use will drop.
I do not believe in censoring people's projects if what they are doing is right/good.
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October 19, 2020, 10:10:07 AM
 #22

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?

i think new tokens will always come to crypto world my friend and never stop
and people will not stop to invest in a new project, but people will be more selective, they will looking for a new projects with new ideas and features
regards
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October 19, 2020, 10:14:16 AM
 #23

The challenges are not in the new coins but the effective use cases of the coin, we have over 6000 coin on the marketcap, some without exchanges( delisted or scam), although those without real exchange list and volume are removed from coin market charts after few weeks. THe cycle looks to remove some excesses and inadequacies in the space, bring new idea that could be applicable to finance market and technology like with the Defi, NFts etc. Community, roadmap and team will still be important for a long term project.

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October 19, 2020, 10:18:26 AM
 #24

I do not think that such a time will come, because people understand that the future is behind the cryptocurrency and the cryptocurrency sphere has just begun to develop and therefore people will create new cryptocurrencies in the future in order to make money on it, and I think this is right, because it will promote the cryptocurrency sphere to new heights.
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October 19, 2020, 11:21:43 AM
 #25

Well, I think as long as people continue to create more tokens and continue to market them, then there will be no stopping for people to accumulate tokens that in the long run will be proved value less and use less. Such is the reality of cryptocurrency, it is a never ending accumulation and investments and learning experience. You will be a good investor, a good trader, a good bounty hunter, after you have accumulated so much tokens and that will be your collection.

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October 19, 2020, 11:27:13 AM
 #26

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
If this is what you are hoping for it's never going to happen, most crypto projects are fully decentralized, like Ethereum it's a fully decentralized smart contract project and any person can build projects using their ERC20 smart contract engine, this is the use case of Ethereum.  What you hope for will only be possible if all projects are centralized, meaning they will have to allow certain people to build crypto projects only

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October 19, 2020, 11:52:59 AM
 #27

As long as there will be some newly created tokens that managed to attract some investors to buy those tokens. the era of tokens will not end and we will see some more tokens with some random road map to attract people. however, if those people don't see the past experience of the investors who failed to invest in some shit tokens, the history of failed investment will be inherited until the next generation as well.

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October 19, 2020, 12:00:52 PM
 #28

The question is whether we need new altcoin projects or not. There are more than 10,000 altcoins in existence and 99% of them don't have any real usage. And I haven't found anything drastically innovative and unique among the newly listed coins. I would say that rather than dishing out new altcoins, the effort should be spent on enhancing the existing cryptocurrencies. There are a few promising projects out there, that are badly in need of interest from the developers.
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October 19, 2020, 12:04:18 PM
 #29

IMHO, I think it's not gonna happen because if we look at the trend deeper, new projects are also contributed by making the crypto market busy, Most of the top-ranking cryptocurrencies like Bitcoin, Ethereum, and some others are also benefited from this new projects because when you purchased those tokens you need to buy a Bitcoin or Ethereum, to participate in that new project's token sale. so with that observation, I presume that new projects and token creation will continue beyond further.  
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October 19, 2020, 12:05:11 PM
 #30

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
I think this idea is very good to develop in several factors, many tokens have been created by those who are not responsible, because they just create tokens and create new projects inviting people to invest in the project then after that they deceive everyone who has invested later they disappear and leave the project without any news, so they are better off developing the old tokens they left behind than creating new tokens over and over again and more and more people are being fooled by new projects. Maybe this is a good time if this really happens in the future.

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October 19, 2020, 12:06:13 PM
 #31

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
Crypto investors already knew about scam crypto projects and new investors will learn in time, all they can do is try to avoid them at all cost using deep research on the internet, till the end of time if crypto will survive that long there will always be scam altcoins, do you know what decentralized mean? Anyone can build tokens this days and it's damn easy so expect more scam projects

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October 19, 2020, 12:23:37 PM
 #32

IMHO, I think it's not gonna happen because if we look at the trend deeper, new projects are also contributed by making the crypto market busy, Most of the top-ranking cryptocurrencies like Bitcoin, Ethereum, and some others are also benefited from this new projects because when you purchased those tokens you need to buy a Bitcoin or Ethereum, to participate in that new project's token sale. so with that observation, I presume that new projects and token creation will continue beyond further.  
Yes because bitcoin and ethereum are some major crypto that already become foundations in this space and community. Really sure that there will be more projects in the future maybe that will surpass ethereum or become main platform for a lot of projects

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October 19, 2020, 12:33:34 PM
 #33

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
the only way to stop creating new token only stop feature smart contract creation from each platform, so in ethereum binance chain or other platform this feature were disable. as long as smart contract platform still exist , no one could stop new token launched , from investors side to avoid dead token only analize project strictly and carefully. don't give chance fake developers rob our money, as investors we must collaboration each other share usefulll information about project.

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October 19, 2020, 12:37:03 PM
 #34

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?

not really. In the tech world we are in people are always looking for new development and new altcoins bring that to this world. Overtime, we may see less coins getting created, but I don't think we'll see a time when there are no new tokens getting created. Along with this, you have people who are always looking for new project to invest their money which keeps new projects coming in. As long as there is demand, we'll always have new tokens.

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October 19, 2020, 12:51:49 PM
 #35

Since the creation of Ethereum and other smart contract-based and token creation platforms we have seen the number of newly launched projects token created, we now have thousands of dead tokens and coins but many are still create it seems many tokens just come and go.

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
So long there are problems associated with the current projects and technology behind them, developers and startups will never be relentless to provide solutions which of course investors are willing adopt.
Bitcoin creator, Satoshi wasn't satisfied with the way of banks and how payment are been handle by them in a centralized manner, hence he created a peer to peer electronically system of transactions without a central authority.
Some developers weren't satisfied and thus, that birth so many forks and altcoins we have today and they have been profitable and working product despite some failed attempts and fraud by some projects.
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October 19, 2020, 01:12:30 PM
 #36

There are many new projects with flaws even when they planned to fix the problems of many old coins and tokens, there will always be new ideas, last year DeFi wasn't this big and see what's happening today, there will always be room for new projects in crypto space, this space can't run out of ideas and utilities.

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October 19, 2020, 02:11:19 PM
 #37

The crypto space is growing, and with more new technologies being created, we will have more tokens than before.
Need to accept the past where many tokens have died because they were crap, deceiving. The tokens are susceptible to manipulation and mispriced so they are discarded. Only the use of the project remains. If that is the law of the market we need to accept it.
I realize the value that comes from blockchain is the implementation of good and profitable DAPPs that everyone using DAPP should bring to developers. Lamden is doing that, 90% of DAPP tx belongs to the developers. They just need to create good DAPP, no need to generate other tokens.
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October 19, 2020, 02:27:50 PM
 #38

...Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?

Something new will always be created in the cryptocurrency and new solutions will be offered for its use, so new tokens will also appear. But there will also always be scammers who will create new tokens that will deceive investors in order to get a profit.

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October 19, 2020, 02:28:14 PM
 #39

I am 100% sure that there won't be a time like that as long as cryptocurrency is still in existence, the only thing that keeps this industry going is the ability to develop new innovation, we will keep having a new project to build on the existing projects. As long as the world exist, we will keep having new things coming up to build on the old things, that is the way it is.

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October 19, 2020, 02:28:41 PM
 #40

Do you think we will have a time that there will be no new tokens created and people will stop investing and supporting new tokens or coins?
The crypto market is broad and also welcoming to any new projects so the chance that there will be no more any new projects is slim but what I believe will happen in the future is investors supporting projects with no new innovations, concept and good utility.
With that been said, crypto traders and investors need to improve their knowledge so they won't be another victim of fail project.

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