Kangen2017 (OP)
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December 11, 2020, 04:05:36 PM |
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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.
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Marble777
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December 11, 2020, 05:16:08 PM |
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yes, I agree with some of the points that you convey above. regardless of all it is partners. partners are also important in a project with a large partner that can at least convince the investors too. And as a project investor, my advice is to always consider all the decisions you want to make, it's your money, and use it wisely in choosing projects.
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RussianEnglishTranslation
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December 12, 2020, 05:59:53 AM |
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It takes more than good technology to start a cryptocurrency project, you also need a good community, good leadership, a use case that can produce profit, and good tokenomics. Most projects don't make it because they failed at one of the for-mentioned points, or were just a money grab from the start. That's why I invest in POW projects with no dev wallet and no ICO/IEO/Liquidity Event etc., like 0xMR and RVN. Projects that don't raise money and don't control user funds:
A. Cannot dump tokens on investors B. Cannot exit scam with your funds C. Have to build something of value to earn income
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WalkerIVIV
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December 12, 2020, 06:03:28 AM |
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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 must be regular update to the security and code that being used by the developers from the 3rd trusted party. This can build the trust from the community if the developers were not putting the backdoor because there are so many scam projects have been using the backdoor to steal the funds that already pooled. We can take some scam defi projects and the majority of these projects ended as exit scam projects use the rug pull method.
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Claudio99
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December 12, 2020, 06:37:51 AM |
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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.
If a project have a solid use case it will be easier to raise fund for the project, investors will be willing to drop their hard earned cash on such project, your fifth point is kinda confusing, investors don't need to get angry because a project get listed on small exchanges and some times projects that listed on small exchanges can go for top exchanges too, investors are the ones to make a good choice here
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Jawhead999
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DGbet.fun - Crypto Sportsbook
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December 12, 2020, 07:29:15 AM |
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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.
To be honest to create a project doesn't really need funds to start, probably it need little to pay operational expenses. They create a project to earn money from investors, not giving away their money to people. 5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.
If they didn't listing their coin/token into the low exchanges, then that coin/token can't be traded. Which is better for you? Listing trough low exchange or never? It's okay to listed on low exchange first, and then climbing to top exchange.
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Wingsbtc
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December 12, 2020, 07:30:39 AM |
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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.
Not all crypto projects requires funds in order for the project to be a success, if we have to look at things in one angle we will see that it cost nothing to build an ERC20 token today, to build up a website isn't much too, there are many projects that survives and become very big without ICO or any fundraising
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pedrillo0
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December 12, 2020, 07:40:39 AM |
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They are very important points, I would add others.
* The honesty and clarity of the team. * Good relationship and communication with the community and the owners.
Many projects fail without these points too...
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Jeger.Kiting
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December 12, 2020, 07:53:02 AM |
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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.
Every successful project has sufficient capital and invites large investors into the project, so that the project has large capital without funds from holding an ICO or investors and the community, because what I currently see is that there are no projects that currently have capital, so most projects at this time do not have initial capital so the project stops halfway, because they do not have the capital to list their tokens on the exchange, it's useless if the project has been designed as well as possible if you don't have initial capital, it is very difficult for the future project To go further, it is better if new projects have initial capital because it is very much needed for new projects that have sprung up at this time ... Requirement number 2 is what I say for all projects, I really agree with you ..
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cryptoaddictchie
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December 12, 2020, 07:53:57 AM |
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These details are correct but its kinda hard to get all this on one project. Maybe there are some with complete parameters but there will be always some lack detail or part where the team or project is weak. Most projects don't have their own funds and these are the people prone to scam or potential to be scam since they will rely on investors money at all. 90% of new projects doesn't even have working product to check on but I expect also this cause its gain trust and interest if a newly launch project shows a good sign of potential gem.
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Coyster
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December 12, 2020, 08:06:23 AM |
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3. Products must be prioritized because the project has a goal on the product so this step must take precedence.
+1, the product/use case is the 'product' of a good project, a project that will likely fail will most likely have a reincarnated use case that's going to fail sooner rather that than later, or a useless one that's just coined from either plagiarism or a shady mindset just to scam investors whom the project piques their interest. Quite a number of investors have quit investing in the altcoins network for lack of a good and working product/use case of a large percentage of it's new projects and the incessant issues of scam. OP, I don't really know if the purpose of this thread is to educate project owners/creators on what to do, I'm also not trying to sound pessimistic, but if that's the aim, then you're more or less 'beating a dead horse'.
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takngantuk
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December 12, 2020, 08:24:34 AM |
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consistency they would be of no use if they were inconsistent. There have been many projects in the past that had experienced teams, great advisors, large funds, and good concepts. but in the end it's all useless. when the development was running for several years all did not fit the roadmap. there are even such as dead projects, all because they are not consistent in project development.
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bittick
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December 12, 2020, 08:30:51 AM |
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Especially 5th point. Too much devs underestimating the reputation of an exchange without thinking far that it could affect their reputation aswell. So many projects recklessly listing their coin in an exchange where so many shady things happening and ended up stuck or labeled as accomplice of those shady exchange They need to rethink twice before dealing with exchange that has bad reputation or else their project destined to be doomed.
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masterrex
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December 12, 2020, 08:39:24 AM |
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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.
I think your point is good But I believe it is not a guarantee to make any project successful. Because many projects have already achieved that important point that you mentioned, But eventually they are slowly going down. In some instances just compare to other projects that the hype/popularity is present during the first listing they are surviving til now! I think the most effective part is the Marketing and the exchange that it will be listed.
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Dhoe
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December 12, 2020, 09:02:04 AM |
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consistency they would be of no use if they were inconsistent. There have been many projects in the past that had experienced teams, great advisors, large funds, and good concepts. but in the end it's all useless. when the development was running for several years all did not fit the roadmap. there are even such as dead projects, all because they are not consistent in project development.
True, consistent in carrying out duties each team is main thing so that the project remains alive and growing, but there are more important points so that the project can develop, it must have a trusted team, if the team is not trusted I think their project will be difficult to develop, because investors will not be interested in investing.
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zeingrind777
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December 12, 2020, 09:17:23 AM |
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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.
Point 3 does not guarantee the success of a project. Many projects have products that can be used, but few investors are interested in buying them. And vice versa, some projects have no product but are very popular in the crypto market. In my opinion, the most important point in project development is good marketing and having big partners too. because having a large partner will be able to convince investors to enter into the project.
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OasisDre
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December 12, 2020, 02:35:11 PM |
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The most important things in development of a new project that I am aware of are
1. Knowledge is power and I believe it 💯, a developer can only push a project to a whole new level with his knowledge and skills, building blockchain projects are for the experts only
2. Nothing can change the vision of a determined soul, that's what a new developer needs, if you believe you can do something you will eventually make it happen
3. Good exposure to other developers, learning from other projects mistakes is very good too, observation is the key
4. Hire only professional teams, find exactly what you will be needing to make your project a possibility, pro teams will be able to handle any issues as development goes on
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magnum cyber
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December 12, 2020, 02:39:47 PM |
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consistency they would be of no use if they were inconsistent. There have been many projects in the past that had experienced teams, great advisors, large funds, and good concepts. but in the end it's all useless. when the development was running for several years all did not fit the roadmap. there are even such as dead projects, all because they are not consistent in project development.
True, consistent in carrying out duties each team is main thing so that the project remains alive and growing, but there are more important points so that the project can develop, it must have a trusted team, if the team is not trusted I think their project will be difficult to develop, because investors will not be interested in investing. It is true. but the interest of investors does not only depend on the team, but on what products they make, how many partners are joining them, how much funds have been raised for development, and the most important thing is their performance. but I'm not saying that trust doesn't matter.
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Yaunfitda
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December 12, 2020, 02:47:18 PM |
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In a project everything must be prepared.
1. The team is experienced in technology so their concept will be good if it is experienced.
I disagree, there could be startups that doesn't have the experienced in the beginner, but they learn the process through trial and error. 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.
Again, many startup doesn't have money in the beginning, that's why they need to run and ICO or fund raising. 3. Products must be prioritized because the project has a goal on the product so this step must take precedence.
Of course, you are selling a product here, that's why it should be unique. 4. Good marketing and can build a community with many who are interested in the project.
Yes, that's why they need to hire the right person here. 5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.
I'm sorry but I don't understand this.
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Freescan
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December 12, 2020, 03:34:07 PM |
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Not all crypto projects requires funds in order for the project to be a success, if we have to look at things in one angle we will see that it cost nothing to build an ERC20 token today, to build up a website isn't much too, there are many projects that survives and become very big without ICO or any fundraising
That's right, and usually projects that are successful without raising funds are projects that have real products and they are always in demand by everyone, which causes the project to last long in crypto and have very good progress. if a project without fundraising means a project launched using the developer's own personal money? sorry if wrong. I'm a little confused about the problem of funding a project. but I believe if the developer is really serious and reliable, especially their marketing team too, then it can recruit a lot of market investment.
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