Partnerships must not be taken slightly

[Stanlo]

Hope you guys are all gearing up for altcoin season? I hope we will eventually get there this 2021 hopefully, I just what to share a vital point about crypto projects today that many people are still overlooking, the picture down below is an example of partnerships for a project



Partnerships can safe a project from massive sell off, it can make big investors and whales believes more in the project and decide to hold their coins or tokens for future gains, partnerships also reveals how serious a project is going to be in future.

Do not take this as just an advice, it's a very valuable one, without partnerships it will be hard for a new crypto project to keep up this days, I was able to see more potential in few crypto projects because of the partnerships they had, DIA, Avalanche, Ferrum Network, Cartesi etc

Newbies most especially I hope this gets to you

[Fundamentals Of]

Indeed partnership speaks a lot about the project. The more partnerships are created, the more reliable and legit the project appears. The more popular the partners are, the bigger the project looks like to people. Partnership signifies determination and seriousness on the part of the project to really produce something which is of actual use in real life.

But the point is also that partnership is not everything in a project. I have seen projects which started to have good partners but they ended up failed. Or probably because they are only creating partnerships even in the most little of ways simply for the sake of having them, just so they can say that they are already partners with this and that company. There must be large projects which started to only have a partner or two or even nothing at all but still reached success.

[CashbackLover]

Hmm very good advice, unfortunately I have my buts, the first but is

1. Partnerships are different from partnerships, newbies need to make sure the partnerships are top notch

2. Newbies must not take partnerships as the first thing to look up to when finding new projects to invest money on, make sure the you look into the project's utility and team

3. Good partnerships doesn't mean the project will stay alive for long, failed projects do have good partnerships too

The Little difference here is scam projects don't have partnerships unless they fake it

[sangkler11]

Yes i agree with you, strategic partnerships are vital to the success of businesses, And it's the same in the world of cryptocurrency.
For cryptocurrency projects to grow at the rate they need to and convince the world that they're big enough and strong enough to be adopted, strategic partnerships will be key.

[tsaroz]

Partnership just for the shake of creating a buzz delivers nothing. A number of useless tokens fighting for the same genre making a partnership brings nothing. But a number of coins of which some have some sort of finished and usable product or service, could bring on more value to itself and the ones it partners with. For an example among the ones featured in the graphics, Gemini already is a trusted wallet and trading platform. Anyone partnering with them would bring some level of expertise help to them.

[Bitbtc8]

I'd rather choose a project with good use case and good partnerships, this days many new projects find it hard to confuse big investors, things can turn around once they start getting in partnerships with big well known companies too, can't say this is a bad information, it's definitely a good one OP

[Bitbtc8]

Partnership just for the shake of creating a buzz delivers nothing. A number of useless tokens fighting for the same genre making a partnership brings nothing. But a number of coins of which some have some sort of finished and usable product or service, could bring on more value to itself and the ones it partners with. For an example among the ones featured in the graphics, Gemini already is a trusted wallet and trading platform. Anyone partnering with them would bring some level of expertise help to them.

Not all partnerships should be consider top notch, some partners are rubbish, unknown and not common, but it's indeed true that big partnerships can brings better adoption rate for a project, still partnerships shouldn't be considered as the first choice or way of choosing a project

[Mighty_crypt]

Honestly partnerships isn't a must, I've seen too many projects that became successful without any partnerships help, there are dozens of old crypto projects that stands alone with no other third-party partnerships and they did very well, I hope newbies won't put partnerships first but instead be more serious with the projects real potential and use cases

[Ryushin]

The partners have to be strong and popular for the project to get well noticed but I've seen few projects with good numbers of partners and they project still failed, this is a big lesson to many that are choosing new projects because of good partnerships, it doesn't count much for me

[blockman]

Partnerships are adding value to the project especially if the partner is a very popular company or with a good track record. That's what investors like to see for those partnerships that are happening. But not all partnerships will bring benefit to the project.
What if it's just a made up partnership and coming from an unknown company or another project? that adds no value to the project that wants to get stability with that partnership.

[cryptoperkele]

This depends purely on the partnership. Because it's a word that can be used for pretty much for any reason.

I have seen project claiming for partnerships when someone forks their blokchain and uses it for their own ecosystem, and projects that claim to have partnered with microsoft and imb when they have merely supported some nonprofit organaisations with cloud servers.

[pakhitheboss]

Partnership that helps the project is only meaningful. There have been projects in the past that did come up with a lot of partnerships but got tanked when they were listed on the exchange. This mean we should understand the core concept of the project and also analyze whether those partnerships will be helpful for the project or not. Do not rely on partnership completely when you are investing in any project.

[inanilujimi]

it's true that the partnership between projects looks good enough to help build a project so that it can be seen, especially if you rely on a large project that has been successful in the crypto world, of course the results will also be maximum. now the market continues to move forward if it cannot take advantage of opportunities then it will be left behind from projects that have a strong foundation.

[poodle63]

I usually also look at the partner of certain project first before investigating even further, I mean being tied up with partner most of projects gonna have a hard time doing some strange things and to be able to have partnership with some popular ventures or such that means the team really serious about the projects.
The offering also usually results in success since they have partner that gonna back them up.

[TastyChillySauce00]

You can't take a partnership as a point to determine the success of the project. that's indeed the partnership can be a critical point to attract the buyers or investors but remembers the partnership must be verified because there are so many scam projects or defi platforms were faking its partnership and I can even mention some scam projects who have been mentioned the sites like binance, fenbushi capital and many more but the fact this project never cooperated with these partners.

[Psynthax]

The thing about partnership is how the people who can get such access are mostly privileged people. Some average joe who has this really good idea and business execution but have no relation whatsoever to the popular partner might just get wasted if people just judge the quality of a project from their partnership.

But guess what, most of people who have success usually privileged in the first place and have those things that support their success revolves around them so I guess thats just how business works  . In my opinion, partner is important yes, but there's also many things more important to it. if the investor really want to see how the project could change the world for the better they should consider the technical aspect of a project not just merely seeking for profit which most of us are doing

[plr]

Use case and partnership are two of the things that every investors and promoters should look on a project and they should partner with companies and projects with good reputation that will enhance their platform, these two are what defines a good project and will have a chance of adoption.

[Maxstl007]

The project use case (utility) must be the most important when doing research on projects because there are some projects that did so well without partnerships, don't take partnerships so damn serious, though it's a very good move for projects to acquire more exposure, trust, etc but not all projects that have partnerships are good too

[Teraboy]

The project use case (utility) must be the most important when doing research on projects because there are some projects that did so well without partnerships, don't take partnerships so damn serious, though it's a very good move for projects to acquire more exposure, trust, etc but not all projects that have partnerships are good too

The partnership is always being used to increase the trust from the investors and it will create a gimmick that sounds like the project already trusted by various partners and it can be taken as a candidate to invest. The investors will be also seeing from there too. Investors have various perspective. Sometime there's a guy who has been taking the partnershiop more than code as the reason to trust the project but sometimes there's also the guy who abandon the partners to be considered as a critical thing to be verified
BTW it's not all the cases

[Eco_111]

Beware of FOMO, many projects that introduced few partnerships still end up in the dustbin, what they did is use partnerships to create hype on investors, they have no real intent of making things work out for long, it's all a perfect plan all along, partnerships isn't something to start looking into when doing research on new projects, take use cases and team professionalism very serious