Difficult getting funding for project

[DriveDEB]

Hi. Hoping to get some advice here.

I have been trying to advertise a startup project since May 2020 and have yet to get traction.

I am developing an On-Demand Services app utilizing Stellar.

I have a token for the project, yet the token sale so far is not getting attention.

I launched at 10B tokens, and burned it to 1.7M tokens.

I am told it is because it is based on Stellar and users are unfamiliar with anything other than Ethereum.

Twitter is here: https://twitter.com/drivedeb

[Bitbtc8]

Hmm, well many people don't use stellar much but still it depends on how good your project is, my question is do you have any ANN on this forum? Secondly it sounds like this is a one man crypto project? If yes that's not cool, again you need to create awareness, do some AMA, link with popular crypto projects for partnerships

[cryptoaddictchie]

Well you said it yourself. If the platform is good and still doesn't have attention, maybe its the blockchain you are using have the problem. Yeah stellar is a nice platform but let's me be honest that most users still prefer to use the smart contract of ethereum network.

Well I guess you can still change the tokenomics and blockchain you are using unless you already decided or finalized everything on a stellar blockchain.

[Novatech8]

When it comes to favourite smart contracts in crypto space all glory goes to Ethereum, after Ethereum it's Tron, you could have get away with better awareness if you chooses one of this two instead of stellar but still I believe that what your project have to offer can trigger complete control over investors

[JHORN]

Developers prefer eth smart contract over others, you could have chose eth platform instead but all the same how good your new project is and what problem it solves in crypto space matters, I suggest you find ways to advertise the project and also open a announcement on this forum

[DriveDEB]

Hmm, well many people don't use stellar much but still it depends on how good your project is, my question is do you have any ANN on this forum? Secondly it sounds like this is a one man crypto project? If yes that's not cool, again you need to create awareness, do some AMA, link with popular crypto projects for partnerships

I have an outdated ANN that I suppose needs to be relaunched. We outsourced a $12K development contract. I hear what you are mentioning about the one man project bit, but that never stopped Amazon and many others. The token started at 10B and we lowered to 1.7M since we will only be utilizing the token for drivers.

Basically we are using part of the service fee to buy tokens on the decentralized exchange Stellar has, then once the driver accumulates a certain designated amount, the driver can then sell and convert to a stablecoin which then will be deposited into the driver's bank account.


Here is the outdated ANN:
https://bitcointalk.org/index.php?topic=5248593.0

Here is the token info:
https://stellar.expert/explorer/public/asset/DEB-GB6G343Z2IHS3W2V6QGGEM622V5S4UUS7C2NEOZFPYG3DCEB256FAOZA

Here is the One Pager:
https://drivedeb.com/OnePager-DEB1024_1.png

[SFR10]

@DriveDEB
Above users made valid points but I think it could also be the project itself ^{[not Stellar]}. In your outdated thread, you said "DEB's goal is to be an uber competitor" ^{[that's a tough thing to do]} and depending on its current features, that might be the issue that is holding back investors ^{[maybe try to tweak here and there and then, create a buzz around it in an ethical manner]}.

[robelneo]

Hi. Hoping to get some advice here.

I have been trying to advertise a startup project since May 2020 and have yet to get traction.

I am developing an On-Demand Services app utilizing Stellar.

I have a token for the project, yet the token sale so far is not getting attention.

I launched at 10B tokens, and burned it to 1.7M tokens.

I am told it is because it is based on Stellar and users are unfamiliar with anything other than Ethereum.

Twitter is here: https://twitter.com/drivedeb

What you've been told was correct many investors unfamiliar with Stellar, they prefer Ethereum because investors have prior experience using Ethereum wallet, so better shift to Ethereum, but the main concern is the platform and the reputation of the developer behind the project, we all know so many investors were burned because of developers not fully committed to project, some of them run away with investor's money, go talk to small investors who know you once the project started and getting a lot of users many investors will be interested to take part.

[Claudio99]

I don't want to know which blockchain platform your project is running on, if your project is so damn useful people will come running to your project, it's not always about the blockchain itself, it's more about the project utility, how big it is? That's all that matters

[Husires]

Basically we are using part of the service fee to buy tokens on the decentralized exchange Stellar has, then once the driver accumulates a certain designated amount, the driver can then sell and convert to a stablecoin which then will be deposited into the driver's bank account.

stellar has a strong future, but a lot of people are blind to the token as a price.
if you focus on financing and try to add more market capacity it will be good.
If it is possible to develop with your idea, you can continue with stellar, otherwise, you need to move to ETH and reduce the currency and marketing to increase the demand. you will increase the price significantly.

Development and marketing are the keys to success.

[stompix]

Above users made valid points but I think it could also be the project itself ^{[not Stellar]}.

Same though here, Stellar might be one of the problems getting people to fund your project but the bigger one is that we have seen around here thousands of projects that were going to be the next Uber/Lyft/Deliveroo/JutsEat killer and none, absolutely none of them materialized to make it anywhere above a demo delivery.  OP has an advantage over the 99% of the scams out there who didn't even have a product but at the same time needs to understand that the ICO/IEO funding craze is over, people are not looking anymore at simple projects run by small teams, the ones that still did either migrate to defi or are investing in new hype products that would pump at the launch, there is little left of the ones looking in the long run.

If I were you I would look more into the company planning itself rather than the token and try to get funding from an investor rather than from token sales.
Anyhow, don't want to dishearten you but it's going to be tough, you're a bit late to the party, unfortunately.

it's more about the project utility, how big it is? That's all that matters

Coming from a guy that believed in the bitwings scam, this is quite funny.

[BillionaireJoh]

in my own opinion I think you can still work with Stellar since it is gaining traction gradually. What I think you need is a team - you are the originator of the Idea. Work with someone to help with publicity, get another to help with creating engagement on social platforms and I am sure an extra hand can help you achieve more. Finally, get your team members (even if they are your close pals) to work with the vision and goal of the project. Once 5 of your members are speaking about the project, word will get to major investors. That's my opinion on the matter.