Valid point Miiike.
In a perfect environment, perfect product launches mirror those of other proven successful products. Its a winning formula for short term growth, not long term success.
Insert the ICO craze in 2017-
The problem seen over and over again within these beautiful, well mapped out ICO projects is they require a ton of resources and capital to start. Then, when the ICO projects coin/token is released to the community, the original members and/or early investors, cash out and bleed its market dry. Then the ICO project virtually gets left in the dust, with just a small handful of true believers left to meet its aggressive roadmap until the value of the coin/token is so low, its abandoned.
The ICO model in unregulated crypto space is lipstick on a pig, per se.
Lets be clear, the ICO model is successful when there is true demand while the early investors are patient and allow room for the project to grow. Unfortunately, the probability of sustained success YOY is very low.
HODLx differs from those ICO projects, instead slowly releasing up to 10% of its max supply into the community through QuickSwap.
HODLx is a grass roots project, with organic growth. Staking the HODLx Token on hodlx.farm for the distributed rewards once we complete the staking contract.
HODLx has a small team to start, less than 5. We are mostly non tech professionals that have built established careers outside of the crypto world.
About Me-
I personally have secured financial independence in my early 40's to retire from my career within the next 6 months and have prepared to live the same life my family has been accustomed to for the remainder of our life.
95% of our wealth accumulation has been outside of crypto.
I'm conservative by nature.
I enjoy teaching others what I know and the structure to achieve a similar path in their career, personal and financial life, regardless of industry.
The beautiful thing about the crypto DeFi space is the cost to entry is simply the time someone is willing to commit to learn and adapt.
Just do it.
I would have to beg to slightly differ on the case of 2017 mass ICO failure. The failure which left bad taste in a lot of people's mouth (and pocket) was initially due to the crypto boom which attract investor-wannabe-for-quick-cash to blindly put their money anywhere available without doing DD. This trend then attract scammers to launch fake ICOs where they flee immediately after an ICO concluded. The mass scam then leads investors to do what we call the ico stepping stone, they jumped from an ico to another, selling at the smallest chance of profit they got, as long as they've made it.
But I agreed on your third sentence, partially. An ICO (and from it, a project) will be successful if there's a true demand. BUT, to create a force of demand from buyer's side, they'll need to know about the product, details of the product. And you're lacking this factor. Without this, there won't be a serious buyer.
The type and characteristics of your investors are determined by the quality of your project. A shady project which seemingly will go AWOL at anytime will bring a stepping-stone investors. A serious project where everything laid in details and shows prospect will bring a strong investors.
In conclusion, a poorly presented project will be perceived as a poorly futured project will attract poorly interested people.
