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Author Topic: the most important thing in the development of a project?  (Read 420 times)
baundul
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December 15, 2020, 07:00:03 PM
 #41

Communication with investors should be good. They have to be proactive in implementing the promises made in the project. Failure to take refuge in a lie or fulfill a promise will sink the project into the abyss.
It can be seen from the big projects in this world that only have dreams and hard work.
If you don't have dreams in your mind, your work is in vain. And the reality is that success cannot be achieved without hard work. If you give hard work, money can be provided in any way.
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December 15, 2020, 07:38:39 PM
 #42

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.

^ agree with all of the above preparations. it is not easy to build a project, the things above are very mandatory to prepare. lacking one prerequisite for preparation above, the project will be very difficult to run and develop.

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December 15, 2020, 07:38:56 PM
 #43

Projects can be on the road when the team has consistency which has been planned right examples such as road maps must finish on time so that investors continue to believe in the project besides it always provides big big news so that tokens are easy to pump on in market updates that never stop on social media
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December 15, 2020, 11:03:20 PM
 #44

The development team behind the project would be the most important aspect. Their identity must be visible and credentials could be viewed. Most project has incompetent team which makes everyone fail with their investment. If the team is well experience in their choosen field, they might be establishing a good project. Someone who really knows what they are doing and having a clear vision must be the owner of the project. Another important thing would be the community that supports a project, a big community means a big support system. There should be real people who are into that project, they can help for the development of the project.
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December 16, 2020, 12:08:04 AM
 #45

Number one is very important the platform and the project is what will move forward and what will bind the community around it, if they do not have a platform that the community will use everything will go to nothing, funds will come if they have people around the project with good credibility, now it's easy to track if the team has fake profile and fake images, so every time starts with the developers and the concept and everything will follow.

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December 16, 2020, 06:29:00 AM
 #46

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.
It still depends on the project utility, if the utility is less interesting it won't matter later even if the project get listed on big exchanges, years later there may be less adoption rate and the top exchange might be forced to delist such project from their platforms, devs must work only very useful utilities for their projects

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December 16, 2020, 06:40:03 AM
 #47

OP made some idealistic claims for a project, hate to say all of those might not be existing in any project but still be successful. Point is that comparison of a niche market like crypto with the mainstream projects is a poorly done one. These two cannot compete and thus projects and its owners seek private investors for fiat money and fiat market.

Therefore an inherent method of generating a market is what lacks in most projects. If there was a method to spend the tokens in the service and get incentivized returns against fiat payments - then the market for that altcoin would have boomed. Of course it needs to be substantial and take time to develop. But without this, market will end up being a pump and dump for any altcoin and gradually lose its investor base.

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December 16, 2020, 10:03:51 AM
 #48

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.

There should be an original idea that would stand out in its functionality from others. But any original idea can't be implemented without the involvement of investors money. But there are also cases when the team creates a working product with their own money, without attracting investment.

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December 16, 2020, 10:09:19 AM
 #49

The most important thing? Is that they don't think of scamming the investors. For me, money is a hot issue to anyone that even the good one coulf be tempted by it especially if no one had really known you personally and that investors are only trusting you online. This is the problem in which is most of the project development will only going to put to waste due to people that could not help themselves but to get into corruption especially  seeing huge money that they can acquire.
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December 16, 2020, 11:05:57 AM
 #50

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.


Another thing is for continuous development of the team for their platform since some developers stop halfway once they got their desired profit which is bad for the project. They should just keep believing in the platform that they created since they can have their profit anytime with future developments that they will boasts against other platforms.

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December 16, 2020, 11:12:21 AM
 #51

Another important thing would be the community that supports a project, a big community means a big support system. There should be real people who are into that project, they can help for the development of the project.
I know a crypto community could help a project in one way or another, but that should come later, after the project must have proven that they are legitimate and not in the market to scam investors, cause I've seen projects that have quite a large community of users still turn into a shit project/coin; so what's more vital is how the projects sets up itself, then if all is good with the progress of the project, then definitely they'll be able to build a community effortlessly.



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December 16, 2020, 02:21:47 PM
 #52

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 totally agree with the OP I really think that's what we should look if we are going to invest to upcoming projects and if the developers and its team was able to follow or meet this kind things I'm pretty sure they will be successful.

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December 19, 2020, 01:25:26 PM
 #53

There must be a real use of the coin or some product related to the coin. Simply launching a project without any product is more prone to failure. Marketing is the most important part in deciding the success of a project apart from this activeness of the dev on social media platform is also matters. If the promotion is excellent then we can expect a good performance of the project when launch.

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December 19, 2020, 05:01:48 PM
 #54

There must be a real use of the coin or some product related to the coin. Simply launching a project without any product is more prone to failure. Marketing is the most important part in deciding the success of a project apart from this activeness of the dev on social media platform is also matters. If the promotion is excellent then we can expect a good performance of the project when launch.
yeah right, especially with the product. if their product is well developed then this can also affect the confidence of investors. thus investors will be interested in investing in it. marketing and partners are also one of the most important things besides developer background and team performance.

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December 19, 2020, 05:19:39 PM
 #55

Money. People joke but in reality if a team has a lot of money, they are usually less likely to be a scam, why would anyone spend millions of dollars for a scam? They wouldn't. So, if a team has a lot of talented people they pay hundreds of thousands of dollars salary, and they develop the project insanely well, who could stop them? I think nobody could stop that project.

Because it will have a great team behind it, very talented workers, a great marketing budget, a lot of airdrops and bounties that they can pay, and many more stuff they could pay with the money they have, and they could even get that money back with funding as well if they are lucky. So, I would say money is the most important part, if a project starts with a high capital, they will be successful.

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December 19, 2020, 10:47:19 PM
 #56

In a project everything must be prepared.

1. The team is experienced in technology so their concept will be good if it is experienced.

In fact, everything on your list is important for the successful development of a new project. However, if I have to choose one thing, then of course i will choose the first item. For investors, it is much more important that project developers have successful experience in creating other projects. It is in such projects that they most successfully invest and as a result get a good profit.
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December 19, 2020, 11:46:19 PM
 #57

yes, some good points. especially about project product development as well as marketing, products that are well developed or have a large demand in this market have positive points for the project. and this can ensure that the project has quality products and the team has good marketing.

I believe a good product and and a good marketing strategy is must to consider. Most project now succeed because of great marketing strategy. I've talked to one of the growing company in my country and they told me that they see a spike in their assets and profit this year because of good marketing. They allotted good amount of money to gain publicity and public awareness, in return their effort and investment in marketing, they conveited it to real users on their platforms.
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December 19, 2020, 11:57:56 PM
 #58

In a project everything must be prepared.

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.


I just wanna say that it is true, an start up must have enough resource to develop their projects but better to not make ICO to be the only main resource. They should build their capital structure as good as they can do. Having an rational proportion between issuing stocks and obligation to fund their project is very important.

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December 20, 2020, 01:17:40 AM
 #59

1. The team is experienced in technology so their concept will be good if it is experienced.
I'd agree with this but if the team is experienced in technology, they must also know what are the things that will benefit most of the people the most. A good concept = good project. If it benefits the people then it can be considered a good one.

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.
I doubt that most of the projects started with some funds because anybody can just create a team, make a project and market/advertise it on social media platforms. Although I'm not saying that all started with no funds because I believe that there are some that have some funds enough to pay the partners of the team and some advertisements too.

4. Good marketing and can build a community with many who are interested in the project.
Marketing is a must in creating a project. A project can be successful if the marketing team is good and vice versa.

5. Do not underestimate tokens at the entry into the low exchange because it will anger the investors.
All the projects starts at the lowest part so just understand this thing. There are some projects who just started their project but they listed it on a popular exchanges like Binance, Kraken etc. and they expect that they will be doing the same.

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December 20, 2020, 01:25:18 AM
 #60

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.

Are you serious?  In every project may it be small or big, it always needs a start up capital.  So it should allocate a fund that will ensure the operation of the project for years.  And this shouldn't be a small capital because if it is, then it won't go far.


They create a project to earn money from investors, not giving away their money to people.


Well initially, what they are creating is a business establishment where there is a flow of finance.  Also they create this project not only to realized their idea but make profit as well.  The only consideration from the project owner should be making sure that their investors will have an ROI and profit in the long run.

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.

I very much agree.
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