Partnerships must not be taken slightly

[safari88]

the op is right, we should not taken the partnership lightly in order for a new projects to grow it needs something like partnership with other projects if you managed to see something like that there's a high chance that the project is legitimate and has a higher of chance to gather more investors.

[Smartvirus]

Partnership is one of the best ways for start up projects to show potential in the crypto market. Why is this so?
Partnership is an acquirement strategy in which, the unknown quickly confers or acquires upon itself the long line of trust which has been belt by the known. It saves the start up projects a long year of waiting to build that trust and reliability in just one straight up deal with the known and reputable.

So, it's of vital importance to look for a company that stands out in a partnership deal as it's a criteria investors always look out for. Having a partnership with a company that has problems with it's reputation and policies is as well, confering on the start-up the same acquired acquaintance which would eventually send a bad signal to the masses who were looking to make some investments.

[Gunday_07]

To me partnerships are just show offs, it works on weak minded investors out there but not for me, I've seen too many projects with many partnerships that still failed in the end, some fake projects even use companies as partnerships on their websites unofficially just to fool investors

[Twinkledoe]

To me partnerships are just show offs, it works on weak minded investors out there but not for me, I've seen too many projects with many partnerships that still failed in the end, some fake projects even use companies as partnerships on their websites unofficially just to fool investors

You have a point on this. I have seen several projects also in the past with several partners on board, and yet they didn't achieve success. What we can do is assess those partners, their capability to influence the project. If the companies involved are big and popular, they have the chance to hit it off. Also, make sure that the partnerships are legit, as some projects are just using the logo of these companies without their permission. Ask for an official announcement regarding the partnership especially if the company is well-known.

[JHORN]

Having good partnerships is just like getting more exposure that's all I can see about partnerships, they aren't really a must for new crypto projects but investors kinda believe that getting in partnerships with well know organizations means the project is real and that's not wrong but the usefulness of the projects matters more

[cilgindansci]

I think we are experiencing an altcoin bull market. During this period, many coin can give us great opportunities. Sharing information about these coins is very useful. Newbies and veterans hopefully make good use of these opportunities 

[Greatdev]

New ICO and IEO projects can get the job done faster if they mingle with strong partners so I'd say partnerships works I'm some aspects, it's a good thing for a new project to have supporters and getting partnerships is a good way, it even gives investors the strong mind over the project

[ultrloa]

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 is 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

Partnership is so vital in terms of success of the project since they can give a huge contribution to the project to make it successful, but don't just look on the picture and verify if the partnership is true since anyone can paste a big company to their website and tell that they are partners. It's dangerous if we fall from those fake ones since it could make us lose our money so verification plays a huge role here.

[BayAngelo]

to be honest, this is a vital information and also means of identifying quality projects. partnership created to advance the project and also to create more avenue for funds and publicity. some times, these partnership introduces investors to the new project and gave them a stand and a go ahead. partnership matters alot. also notice how scam projects failed to create such knowing fully well they will disappear without trace.

[JeotQ]

Well we all have different reasons why we invest or choose to invest in a certain project, for me partnerships are of two different types, some partnerships are nonsense, while some are of high quality, good partnerships is one way of detecting a high quality project, I recommend it 👍

[devollito]

Strategic pertnership can managed the coin or token sell of from retail investor, but it is not guarantee project to be succesfull, Developer and team also the most important thing for any project, development commitment.

[RabbiTANK]

Developers and the teams must be professionals for a project to be successful, partnerships is just among the ways for a new project to be successful and gain more awareness, it's not a must, not all new projects have partnerships

[Shallow]

I agree with you that partnership is very important and should not be taken for granted as it gives a project some sort of integrity and also gives investors some sort of confidence to believe in the project, thus owing to the Importance of it, partnership is one of the vital points or factors to consider when looking for a trustworthy project to invest in. In addition, owing to the Importance of having partners, an investor also needs to be careful of the type of partners a project have, that is, it might be easy for a project to get partners, but the main concern is, how strong is their partners, having a strong partnership will contribute a lot to the success of the project in the same way, having a lesser strong partners will have little to no effect to the project, and this is actually why a lot of projects still dies despite having partnerships.
Therefore in my own opinion, study the partnership of a project thoroughly before investing in that project to be sure the project is worth it and not just using the partnership as a cover to achieve their aim.

[bitkanu]

Developers and the teams must be professionals for a project to be successful, partnerships is just among the ways for a new project to be successful and gain more awareness, it's not a must, not all new projects have partnerships

I took the strategic partnership as a part of marketing trick, when the team can get a legit partnership and it will not only attract the demand but it will make people will be interesting to use the platform too.
Imagine when a new project can make a partnership with binance. link or something else and the supporters from the partners will try to take a look at the new project too.
It's a way to get more attention. I do agree with you

[Zackgeno96]

That's true partnership is one of the things that the project should do to increase not just traffic but also connection the more connection your project to other projects have the more chances it could find possible investors.

[KaratX]

I have a thing for new projects that in no time find very good partnerships, it shows how serious and determined the teams are, I won't ever take this slightly, I was able to believe in ferrum network because of their partnerships too, I thought they are a joke, I hope people learn from this and thanks for sharing

[1l1l11ll1l]

in business, you will not be able to develop your business if you do not join or have a partnership. So it would be very strange if a project that "looks" good had no partnership at all. Partnership is something that must be done in building a business

[SyndicateLabs]

Agree with the OP, we are all hearing a lot about alt season right now, but everyone really knows how it goes or just heard it will bring a big profit, yes it's absolutely don't go wrong with clear and transparent projects. But for the newbies they don't know such things, so i think people should care more about these things, it's more important and gives you a sense of confidence when investing in it.

[leea-1334]

True, imagine when the project backed by the famous parties and then people will be interesting to participate in the sale that will be running by the platform. let's say when people are seeing the project that backed by binance or angel investors. people will try to take it as the hype. They will be rushing to buy more and more coins from the sale and then keep it to be sold after the token listed in the famous market.
that's how ico trade works too.

I thought the space already understood that all these famous parties (people, influencers, other CEOs and other companies) all do nothing for the coin price? Maybe back in 2017 you could pay someone famous to Tweet about it or do a PR about some major partnership and people would rush into buy. But now everyone knows even if it works,,, it is only for a moment before the dump comes.

Old news, old tactics. People are wiser now.

[RussianEnglishTranslation]

Partnerships are important but the most important thing is utility. I can't emphasize that enough. Do not invest in projects because of "the tech" or just because it's mineable with a cool new algo. Projects will not succeed unless they have a business use case that generates revenue. That's why I invested in DeFi platforms that generate profit like UNCX and FARM and 0xMR, which is integrated into casinos.