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Author Topic: the most important thing in the development of a project?  (Read 420 times)
MCobian
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December 12, 2020, 03:54:58 PM
 #21

I agree that all the points mentioned in the opening post must be owned by a project, if not prepared properly,
a project will end in failure. However, the reality is that the current projects rarely prepare properly. So there are
so many projects that end in failure, Currently, project developers only think about personal gain and do not intend
to make projects grow and survive. So don't be surprised to find lots of project scams popping up right now.

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December 12, 2020, 04:11:54 PM
 #22

The use case of a project can easily push it to success but if the team arent experts they will ruin everything themselves, I've seen developers and project teams making a wrong decisions that ruin their projects till today for example ESH team decided to bring in john mcafee and help with ghost project launch through an airdrop but the fact is john mcafee have bad reputation in crypto space already and before his arrest things went side ways between them and many start selling their ESH token because John said he knew nothing about ESH and Ghost, till that time this coin haven't recover

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December 12, 2020, 04:26:36 PM
 #23

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.


So if everything is there, are you ready to build a project to get interest from investors? but unfortunately most of their new projects seem rushed to get quick returns from investors which makes things messy.

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December 12, 2020, 05:16:52 PM
 #24

The use case of a project can easily push it to success but if the team arent experts they will ruin everything themselves, I've seen developers and project teams making a wrong decisions that ruin their projects till today for example ESH team decided to bring in john mcafee and help with ghost project launch through an airdrop but the fact is john mcafee have bad reputation in crypto space already and before his arrest things went side ways between them and many start selling their ESH token because John said he knew nothing about ESH and Ghost, till that time this coin haven't recover

Use case is not useful unless regular people really need the product and really already use the service,,, that is there is existing demand for the token being used for something that does not need to be created.

Many projects made up brilliant use cases but how to convince people to use the token as a new habit? Not easy at all.

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December 12, 2020, 06:41:36 PM
 #25

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.


Starting with the first point , that's the reason most projects are failing today, a good number of project team are not ready for any innovative ideas nor do they have one, they are just here to make money, hence the high number of projects that are failing.
Secondly, most projects can't develop without funds from ICO or IEO, because the team have made it so. I think it's being long I see project's team developing their platform with their own funds.
Thirdly, I think the first point goes with the third point, the team need to develop good products and services as it is what will attract investors and hence bringing more value to the platform, but nowadays we have just few developers who knows what they are doing.
Lastly, the exchange the project is listed on matters a lot, this is because, it can make the community to lose interest in the project such as in the case of small exchanges or making them to pick more interest in the project such as listing on top exchanges.
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December 12, 2020, 06:42:19 PM
 #26

~
These are all nothing if it is a scammy project.
But regardless, I don't think that team should have in-depth knowledge though that would surely be beneficial for the whole project itself.
#2 is situational, though it is true but someone have their own takes of every risk.
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December 12, 2020, 07:12:46 PM
 #27

When the team is concerned, being experienced will make up only the half of the requirements. They should have the knowledge and expertise on what they are doing, how to select a niche product, when and where deploy/launch it, and also an idea about the end user.

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December 12, 2020, 07:46:22 PM
 #28

~
These are all nothing if it is a scammy project.
But regardless, I don't think that team should have in-depth knowledge though that would surely be beneficial for the whole project itself.
#2 is situational, though it is true but someone have their own takes of every risk.

Yes, the truth is if the project has the intentions of scamming in the first place, those factors don't matter anymore. But they can weave a good front story so people will be attracted to their seemingly "legit" project. There are some professional scammers who know how to orchestrate a "legit" project to screw naive investors. But if you see that they do have funds and not doing any type of crowdsourcing and deploying their services, then, there's hope that they are sincere with their project.
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December 12, 2020, 07:54:03 PM
 #29

~
These are all nothing if it is a scammy project.
But regardless, I don't think that team should have in-depth knowledge though that would surely be beneficial for the whole project itself.
#2 is situational, though it is true but someone have their own takes of every risk.

Yes, the truth is if the project has the intentions of scamming in the first place, those factors don't matter anymore. But they can weave a good front story so people will be attracted to their seemingly "legit" project. There are some professional scammers who know how to orchestrate a "legit" project to screw naive investors. But if you see that they do have funds and not doing any type of crowdsourcing and deploying their services, then, there's hope that they are sincere with their project.

Really hard to tell which project is really be having those kind of motives and dedication on developing out those things that they had promised or stated into
their whitepaper or following their roadmap or simply trying to make those promises come true on where they had stated when they are still on sale.
Lots of sweet words and promises we can really hear off most of the time specially when the project is really just starting up.Everything seems legit
and real until when the time comes that those devs will just simply ran off all of those funds when they had accumulated enough.
This is why we do need in depth research.

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December 12, 2020, 08:00:05 PM
 #30

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.


sometimes a new project with low funds, will enter a low exchange first my friend
but, when the project team seriously develop the project and a lot of people getting interested with the project
for sure, the project will be listed on the TOP exchange soon or later


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Dragonfund
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December 12, 2020, 08:20:44 PM
 #31

Regardless of the project you are investing on, proceed due diligence and cautious about the whole concept, don't buy into shilling and over hype gabbage by influential people, you will loss all you have in those areas.
A project should have a:
  • Regular updates for community
  • clearly road map and important information
  • Verified team members, no anonymous like DeFi shitcoins
  • project should be listed on liquid exchange.
These are my favorite tips for investing in a project.

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December 12, 2020, 10:11:12 PM
 #32

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.

On #2, this is the problem of most projects. They are not willing to put a budget out of their pockets and use it for everything such as marketing, funding and listing in exchanges. Those are the basics that a project must have in order for them to attain what they are aiming for.

On #5, it is the cause why many investors don't like projects that don't have a vision of being in a larger exchange. It correlates with #2 because of lack of budget and that's why they are ending up listing to a smaller scale exchange but with no or at least very little volume.

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December 12, 2020, 11:49:52 PM
 #33

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.


Number one is high above in the priority if the team has good credentials and capable of making the project great and usable it will generate support  and get funded and the project can easily take off one of the big issues of start up are fake team and fake credentials if they do not have a good credibility and their skills are questionable you cannot get anything from a project.

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December 13, 2020, 04:02:01 AM
 #34

In terms of development, the budget will always be an important thing for me in a project. It's like a domino effect, if there are many investors attracted to this project then they will invest on this, then the team developing the project can progress through their roadmap.

If the team has their own large budget but it doesn't attract much attention then for me they will fail in the long run.
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December 13, 2020, 05:39:48 AM
 #35

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.

Nowadays most of the cryptocurrency projects starts with zero investment because they aim for ICO sale to collect in millions and this is their ultimate goal compared to developing their final product of their project. Low exchange means? Shit exchange? Which is going to reduce the reputation of their crypto project so better try to get listed on decent centralized exchange is also a must thing in my opinion.
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December 13, 2020, 02:51:52 PM
 #36

The most important thing is the planned profit of the crypto project. When investing in any project, you need to clearly understand its idea. If the token does not carry a business goal, but is only needed to raise money from investors, then most likely it is a Scam or an ill-conceived startup.
Any project that requires investment must be profitable for both its developers and investors.
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December 13, 2020, 04:08:56 PM
 #37

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
Many projects still exist today that don't even conduct any offering to get contribution from investors. Some of them are personally funded or host a private sales from some of the group of investors that are know to them. You hardly see this projects unless you find out through rigorous search on the web. Community is very important but the reason why most project fail is because they depend too much on the contributions from the investors. Some of them do not even have a well developed platform. This is the reason why they crumble when they see that the money raise is below their expectations. Any serious dev would have at least 50% of the funds and not rely totally on investors fund
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December 13, 2020, 04:27:22 PM
 #38

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.


They are of course true. But after achieving all these, the project should have a quick strategy to reflect the success of the project with the price of the coin. Be it late, the token should be listed on a popular exchange as much as possible. And the value be added to it so that it don't dump. It's also important to lock the stakes of the team and the advisors so that the investors coin won't lose their value.
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December 15, 2020, 06:48:57 AM
 #39

I would say dignity is the most important part of any project. You need to actually want to build something, you need to actually want to succeed. What most projects nowadays (not the rare few good ones) aim at is collecting as much fund as possible and making as much money as possible from the project to get rich themselves. When your whole aim is money, you are not going to build something beautiful, you are going to have a lot of trouble.

However if you have dignity, an idea, and a great team behind it that wants to see it succeed, that means you are going to actually achieve something, even if you are not successful right away, it may take years before you can actually become something but just keep grinding and you will get there one day compared to all scams that crashes no matter what.

cassavachips
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December 15, 2020, 06:16:54 PM
 #40

For me the team must have a good commitment and the project must have a clear objective. Projects that look good and get a lot of investment will still fail if the team doesn't have the commitment to the goals of the project. A truly well-intentioned project will go on even if it is not well funded. It can be seen from the big projects in this world that only have dreams and hard work.
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