Non funded projects vs funded projects

[Gunday_07]

Years ago when POW algorithm was still a big thing many new POW coins showed up then and they confused many to start mining, what you don't understand is Non ICO projects scammed many through POW algo, when you are busy mining and they list on exchange, the team will dumped the coins and exit scam, leaving few liquidity left

You are right, Non ICO coins can still scam people, they don't have to ask for any funds to scam people, I've mined many coins in 2018 and they end up worthless because the team sell off on exchanges and leave low volume left on exchanges, there is no big difference between funded and non funded projects, scam can still happen

[Gunday_07]

Is it just me or there are many others thinking same thing? Non ICO/IEO projects always have longer life span, where as new projects are all running after funds for better future of their projects, how about those projects that have no ICO, no premine? Some are even funded by the teams without the public penny


There are many old altcoins alive today that are not funded, litecoin, XMR etc, they did no ICO and they rocks.

You need to do research on projects that was released in 2010, 2011, 2012, ICO was no where to be found then but many coins that was released in those years are non ICO projects and they still exit scam on people, they are proof of work projects, giving many the confidence to start mining the coins but later they end up abandoned

[husdemba]

I agree with you on this matter. We've seen many fraudulent ICO so far. It's not all about ICO. Cryptocurrencies without an ICO background can be more successful.

[laredo7mm]

I have also experience some ico projects like DIA raised $18m during their bonding curve sell, their token increased in price from $0.8 to $5 but was dumped due to kucoin hacked. It's still hasn't go below ICO price which is a good thing.

I do not think we can really identify their ICO price because that bonding curve was created in a way that it price will increase with the total pool of token amounts decreased. So its starting price was 0.5$ but it increased over time as long as the token sale continues. Also, I didn't think its a price dump because of hacked funds because when hacked sell his token price dump was not that high as it was after the kucoin hack news came out. Actually, that news struck that whole market and DIA also suffer from it.

[inanilujimi]

whether the initial adoption is funded or not depends on how the Team works, the initial goal of the project whether it can be completed or not.
if they can realize the goals they want to build and there is real use in the project, it can be said to have the potential to attract investors to invest and compete to reach the peak of its glory.

[Phoenix_PROG]

If the team are not greedy and passionate about their project, there is nothing bad in conducting an ico/ieo. Many of the funded project are not in haste to achieve anything, they do things at their own pace unlike the non funded. It all depends on the team members and how futurely commited and passionate about the project.

Sometimes where there is enough money there will be lack of motivation because the aims of every human is to be successful, money have make many do evil things, money have make many forget who they really are, project team can have a change of mind, less motivations when there is enough money surrounding them

[Inkdull]

If the team are not greedy and passionate about their project, there is nothing bad in conducting an ico/ieo. Many of the funded project are not in haste to achieve anything, they do things at their own pace unlike the non funded. It all depends on the team members and how futurely commited and passionate about the project.

Sometimes where there is enough money there will be lack of motivation because the aims of every human is to be successful, money have make many do evil things, money have make many forget who they really are, project team can have a change of mind, less motivations when there is enough money surrounding them

This is a fact, I've seen team members fighting among themselves for unknown reasons, probably because of money 🤔? A good example is miracletele, things are going so well until they raised good amount of money and we are been told that the CEO left without saying good bye, even the COO denied her involvement in the project

[Inkdull]

Money can change team anytime, that's why we see most projects having a good beginnings and as time goes on they slack, development are been sluggish and roadmap isn't followed anymore, updates are even slower, no ICO no premine coins can still turn scam too but they are limited compared to ICO projects

[shoreno]

non funded projects are using pure skill and talent , this is only their capital so they habe no choice but to thier best  but those funded projects are too confident enough that they already forgot to foccus on their works .

 this is what im saying that if im going to succeed or have alot of money , i wont stop working what i started and im going to be humble and down to earth so that i can retain ny wealth for a many more years . i think this lesson can be applied on our topic .

[soetikno]

I don't think that unfunded projects are bad, projects like Litecoin and XMR are old coins, their projects are clear and scalable but many investors trust their projects even though they are not funded, the point is the intention of the project team and even though they are not funded they are very serious about developing their projects and products to attract investors, other projects must follow in their footsteps

[royalfestus]

Is it just me or there are many others thinking same thing? Non ICO/IEO projects always have longer life span, where as new projects are all running after funds for better future of their projects, how about those projects that have no ICO, no premine? Some are even funded by the teams without the public penny


There are many old altcoins alive today that are not funded, litecoin, XMR etc, they did no ICO and they rocks.

There are different phases in crowdfund in cryptocurrency, most which are determined by people's exposure to cryptocurrency? The advent of litecoin and XMR has a lot of support from the few early influencers of the space, they could easily get listed on the exchange and have enough bitcoin from early trade in the account till date. These communities still hold early cryptocurrency maximalist that push there profit to other altcoins in the ICO era. Privately funded project especially from team this days will rely on the strong fundamental of the project which cant be stole early, they will need strong promotion even after listing. DEX at the moment can cater for them till they get up

[JHORN]

I don't think that unfunded projects are bad, projects like Litecoin and XMR are old coins, their projects are clear and scalable but many investors trust their projects even though they are not funded, the point is the intention of the project team and even though they are not funded they are very serious about developing their projects and products to attract investors, other projects must follow in their footsteps

It's not that easy, haven't you see projects that have clear targets and we'll scalable that still end up choosing the wrong path later? It's not about the funds because non funded doesn't mean the team can't steal money, getting listed on exchanges is all that matters, that's where the real money is.

[Debonaire217]

Both have the potential to succeed, it is just that, community-funded projects are most likely to succeed and on the other hand, are most likely to turn out to be scams. It depends, most projects require community fund if they have a use case that really requires funds. But as what I can see, there are some projects that don't really require community funds but still conducts ICO's it doesn't mean that they are a scam, but they are putting the collected funds as the liquidity in a decentralized exchange, and to use the funds to list on other good centralized exchanges. But for the sake of the safety of the investors, it is more advisable that they should invest in non-funded projects. Developers will still earn but the likelihood of scams will be less.

[KaratX]

I feel more safer with projects that have no ICO and no premine because many have proven to be more serious than funded projects, for them its all about delivering a top notch product to gain stardom compare to funded project that aims for top exchanges believing that's the only way to stardom this days

[Greatdev]

Today If you are a real person and your team members are public you can easily target binance exchange with your funds or just introduce IEO on binance, it's way easier for funded projects this way than non funded projects, for non funded projects it's more challenging and tasking

[makishart]

I don't think that unfunded projects are bad, projects like Litecoin and XMR are old coins, their projects are clear and scalable but many investors trust their projects even though they are not funded, the point is the intention of the project team and even though they are not funded they are very serious about developing their projects and products to attract investors, other projects must follow in their footsteps

OP is on the side of unfunded project but if you are making a comparison about how much successful unfunded project compared with the successful funded project and we can know the winner easily. The only old POW that has a very good vision while there are so many scam POW coin being created in the past.
There are no lots of differences between both. that depends on the project itself.

[Sebas.tian]

Is it just me or there are many others thinking same thing? Non ICO/IEO projects always have longer life span, where as new projects are all running after funds for better future of their projects, how about those projects that have no ICO, no premine? Some are even funded by the teams without the public penny
There are many old altcoins alive today that are not funded, litecoin, XMR etc, they did no ICO and they rocks.

What do you expect from cryptocurrency projects without direction? most of these cryptocurrency project don't have directions, some will just did their project for fund raising and then abandon the project to suffer. I have learned so many lessons because i was bitten from ICO back in 2017, i now carefully research into projects to see if they are be funded or starving for funds before make my investment.

[leea-1334]

Years ago when POW algorithm was still a big thing many new POW coins showed up then and they confused many to start mining, what you don't understand is Non ICO projects scammed many through POW algo, when you are busy mining and they list on exchange, the team will dumped the coins and exit scam, leaving few liquidity left

At least they had to have blocks mined and computers and clients,,, I even got duped by POS coins at one point having many wallets just staking and open all the time what a waste of effort;) Once people learned how to do ERC20 they did not even bother having real codes and wallets;)

[JeotQ]

Scammers have their ways even when ICO haven't exists, I remember that some coins came out with litecoin in 2011 and they get abandoned after few trades, I suspect that the team sell what they can sell off and exit the project, things are just more cool in those days and crypto start having enormous stains after ICO came into crypto space

[IkonaDro4ku]

It all depends on the project if the project carries value and the community believes in it, then it will be interesting for investors too because in the end everyone wants to make money. It is now impossible for new projects to develop without big money, because if you pay your team with candy wrappers, employees will leave you when they are offered big money.