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Author Topic: Time that there will be no new altcoin projects anymore  (Read 941 times)
jdnthny
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October 22, 2020, 12:50:02 AM
 #101

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 now that cryptocurrencies are being acknowledge by the countries gradually it made an idea to several developers to create an altcoins knowing that we are now entering to a digitized currencies which I can say that it will not gonna happen that no new token will be created but instead many new token will have a better opportunity to be popular also.

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October 22, 2020, 08:33:24 AM
 #102

Imposible, there are no time no new altcoin project created. Everytime new altcoin project is created and now is not only from Ethereum Smart Contract. There are many other smart contract (Binance Smart Contract and Tron Smart Contract).
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October 22, 2020, 08:38:55 AM
 #103

Imposible, there are no time no new altcoin project created. Everytime new altcoin project is created and now is not only from Ethereum Smart Contract. There are many other smart contract (Binance Smart Contract and Tron Smart Contract).
well, I really agree with what you say because now it is the digital age so I am sure that in the future there will be many new digital-based projects that have functions and goals to facilitate transactions, so they require technology such as cryptocurrency to combine the system to make it safer.

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October 22, 2020, 10:37:15 AM
 #104

no I think smart contracts can't stop operating, I mean like ethereum's erc20 platform. every day we have seen that new projects are always popping up endlessly, although some of them turn into dead coins. New developers will never care about the project, they will continue to develop new coins and leave if the previous project doesn't go well.

I think that the technology will improve and the quality of the projects will become better. Only the best projects will be able to survive.
Besides now many projects use staking system to pay rewards for holding tokens and everybody like to have a passive income  Lips sealed.
This is the article about different kinds of staking systems https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc
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October 22, 2020, 12:21:47 PM
 #105

Imposible, there are no time no new altcoin project created. Everytime new altcoin project is created and now is not only from Ethereum Smart Contract. There are many other smart contract (Binance Smart Contract and Tron Smart Contract).
Yes, but for now there are still many who use Smart Contracts from Ethereum even though there are other smart contracts (Binance Smart Contract and Tron Smart Contract), because only a few projects use other smart contracts and some are using smart contracts from tokens on their own for now.

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October 22, 2020, 12:55:37 PM
 #106

~snip~
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?
People don't invest in new project to support them. Everyone wants to make good amount of profit by investing in new projects. Cause most of them believe that those project will rise up quickly and they will generate enough profit shortly. For this people won't stop investing on those. Even some project developer wants investor money by creating scam tokens. And they are also doing it perfectly. So the creation of new altcoin project won't going to stop.

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October 22, 2020, 03:30:25 PM
 #107

If some of the cryptocurrency in the exchange platform doesn't have any demand or volume, it showed only that coin is not good to invest in, in short, the risk is high as well when you try to buy em. But anyway, we still need to be wise especially if We are in the field of this business. ANd the only good coin to invest in is those who have a good market volume.
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October 22, 2020, 04:39:33 PM
 #108

Based on blockchain technology, we can unleash our creativity. Ethereum gives people the tools to start smart contracts cheaply despite Solidity being pretty bad. Every year there are hundreds of new developers and they create blockchain-based products. I believe projects will be more than before even if they are spam projects.

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October 22, 2020, 07:26:00 PM
 #109

no I think smart contracts can't stop operating, I mean like ethereum's erc20 platform. every day we have seen that new projects are always popping up endlessly, although some of them turn into dead coins. New developers will never care about the project, they will continue to develop new coins and leave if the previous project doesn't go well.

I think that the technology will improve and the quality of the projects will become better. Only the best projects will be able to survive.
Besides now many projects use staking system to pay rewards for holding tokens and everybody like to have a passive income  Lips sealed.
This is the article about different kinds of staking systems https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

The only problem is to understand which project is really promising and which is not! And as for staking, then of course if you choose a promising project, then this system will certainly bring profit.
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October 23, 2020, 03:57:40 PM
 #110

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?
Because of the nature of these coins anyone can make them and there is basically no way to stop these coins from coming into the market and as long as these coins keep coming there will always be some investors who will invest and hence this cycle is not going to stop. Although investors have become more strict and you might see that a lot of ICOs are not able to fill their softcap which means that it is not easy to fool the investors now and there needs to be some serious workplan and roadmap to get the investors.

I believe now as we have move towards the defi hype we will see a dry patch for ICOs as everyone is now moving towards Defi and even fake and scam projects are being built in the name of Defi which is again seeming like a new ICO market has opened in the name of Defi projects.

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October 23, 2020, 04:06:09 PM
 #111

currently cryptocurrency is growing, and it looks like this will not end there. many new altcoin / token developers are trying to compete in this space and show that their atcoins are worth defending and trading. Although it is true that a lot of new altcoins / tokens come and go very quickly, this at least shows that altcoin developers will not just give up.
actually, it is difficult for new tokens to compete in the market with old coins. especially with the same platform with a little innovation. the existence of new coins today is mostly just hype. after the little pump happened, they might just disappear immediately. not many last long and can compete with older products in the market. but indeed the productivity every year seems to have increased quite high.

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October 23, 2020, 04:15:55 PM
 #112

actually, it is difficult for new tokens to compete in the market with old coins.
It is easy if the project leader has connections to important people in the crypto world and has a lot of money. For example, Justin Tron has many acquaintances of influential people in the crypto world, and he also has much money, then be the Tron we know today.
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October 23, 2020, 05:33:52 PM
 #113

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?
No, and it is very easy to know why this is true, to begin with there will always be people that are creative and inspired by the coins that have been created so far and they will create a good coin, there are several examples of this every year, however another reason is that people are greedy and they are interested in investing in the next bitcoin or the next ethereum and there are many unscrupulous people out there that are willing to fulfil their wishes and fill their pockets in the process.

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October 23, 2020, 05:53:26 PM
 #114

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?
No new token?, I don't think that will ever happen, because as each day goes by, there are always new ideas coming up ,these new idea might have some loose ends that will bring about another project trying to solve the problem the first one had, these new project trying to solve the first project's problem, also have its own problem that will bring about another project trying to solve the problem these second one has, and it goes on and on and on, so I don't think people will ever get tired  creating new tokens,just remember every new day brings a new idea.

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October 23, 2020, 06:54:11 PM
 #115

no I think smart contracts can't stop operating, I mean like ethereum's erc20 platform. every day we have seen that new projects are always popping up endlessly, although some of them turn into dead coins. New developers will never care about the project, they will continue to develop new coins and leave if the previous project doesn't go well.
Yeah, all these projects keep getting some investment from time to time so even the scam projects get an inspiration and the truth is that it costs literally a few hundred bucks to setup a scam project by making a website and copy various whitepapers and combine them into one. Most of the coins are dead because they don't get the required support and some never actually had the intention to build them and all they wanted was investor's money.

Imposible, there are no time no new altcoin project created. Everytime new altcoin project is created and now is not only from Ethereum Smart Contract. There are many other smart contract (Binance Smart Contract and Tron Smart Contract).
That's right and there are so many platforms now to create altcoins so they are not limited to making new tokens based on ETH blockchain. I wonder how all this is gonna stop because there are at least 100-200 new projects being made daily and imagine how many coins we are going to have in coming time, although good thing is scam tokens keep dying so the market get's cleared up eventually.

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October 23, 2020, 09:31:52 PM
 #116

Developers will keep on making new concept, new project and new innovation just to keep up making money, new projects means new ways to make for bounty hunters, investors exchange and developers, I guess this is what the market wants for now so this is what's going to happen, we never know when is this going to happen.
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October 28, 2020, 05:46:14 PM
 #117

Developers will keep on making new concept, new project and new innovation just to keep up making money, new projects means new ways to make for bounty hunters, investors exchange and developers, I guess this is what the market wants for now so this is what's going to happen, we never know when is this going to happen.
Besides even if I think a great deal of the coins in the market are scams from time to time some good projects appear and we cannot deny they are innovative so it will be a mistake if a developer with a good idea decided to not release it to the public thinking that it is not correct to release it just because we have already too many coins in the market, it is important that we support innovation and if for that we need to navigate through several scams projects then so be it.

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October 28, 2020, 07:03:50 PM
 #118

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?

Let me start this way, On one hand, one of the reasons that will make people to continue investing in new projects is when they see a good idea from a strong team, in this case the project have a high chance of survival if the team remains hardworking. On the other hand, another reason that will make people to continue investing in new projects is when they believe they can make quick profit, maybe due to how the project is hyped, in this case the project will probably be a pump and dump project. Therefore, you can see from different angles, new projects will continue coming out and people will continue investing for different reasons.

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October 28, 2020, 07:05:27 PM
 #119

Developers will keep on making new concept, new project and new innovation just to keep up making money, new projects means new ways to make for bounty hunters, investors exchange and developers, I guess this is what the market wants for now so this is what's going to happen, we never know when is this going to happen.

They will definitely continue to create more and more new projects. Looking back at the 2017 bounty boom, it's clear that projects will never end. In 2018, we saw a strong decline in projects and payments, as well as an increased number of scam projects. However, there has always been work for bounty hunters, which is quite surprising given that the niche itself has sagged a lot.
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October 29, 2020, 06:46:40 PM
 #120

I don't the future where project will launch and have no future, if you look at they way the world is moving, everything is likely going to be tokenized in the future. What I can see is that we will stop seeing all these vapoware projects, only the good projects will survive and the Crypto by then would be in hundreds of Trillions


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