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Author Topic: I created my token and launched it on launchpad, but I don't have money for adve  (Read 318 times)
goaldigger
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June 21, 2023, 09:28:38 PM
 #41

You can’t easily create a token without having any funds, or else this will just a scam project.
New projects should invest more on the project itself and make it more valuable, the next option is to have a private sale so you can have the funds for more improvements and advertisement, marketing will play a bigger role for this project so make sure to prioritize this as well or else no one will invest with you.

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JeffBrad12
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June 21, 2023, 10:51:16 PM
 #42

You can’t easily create a token without having any funds, or else this will just a scam project.
New projects should invest more on the project itself and make it more valuable, the next option is to have a private sale so you can have the funds for more improvements and advertisement, marketing will play a bigger role for this project so make sure to prioritize this as well or else no one will invest with you.
everything requires at least some funding nowadays and that's true, even meme coins are requiring the devs to put some liquidity first otherwise their coin just gonna be come valueless shitcoins.
the thing with deploying token is that if the deployer seriously wanna make their coin known they should at least have some events like airdrop and something where they will need to start putting liquidity first to trigger
people into putting liquidity with sometimes not really good but we all know why these are called shitcoins in general.
i'd say, always be prepared to lose some money in trial and error if someone really eager to make their shitcoin somehow become popular otherwise that just fleeting dreams.

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evichi
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June 23, 2023, 01:54:59 AM
 #43

Community plays an important role in the cryptocurrency space. To gain people's attention, you have to do something that is attractive and worthwhile. Even notable meme tokens that have gained community attention, have some underlying story, history or culture of some sort that have made people become attracted to it. I don't think it is enough to merely create a token and hope that you will gain attention. You have to do something unique, preferably, something with utility - and that is why you see many innovative tokens and coins growing because they have something to offer the community. So if you want to build a cryptocurrenccy token, think of doing something that will attract, have a social symbol/cultural, etc.(for meme tokens/coin) or be of value to the community (utility token/coin) - just my opinion.

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doomloop
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June 25, 2023, 02:34:42 PM
 #44

I created my token and launched it on launchpad, but I don't have money for advertising am I doomed to failure?
Yes, You surely needs money to run and promote your business otherwise you won't get the required exposure and visibilities.
You must need funding to be able to carry out some of the process involving, not only marketing including the Development aspect of your project. Some reasons why most project fails is lack of Structuring, Development and incomplete Team Members, no Usecase and Prospect, Therefore any project that is lacking all these qualities are likely to fail because investor's may not want to endangered their funds investing a project that has no future.
For now, he can still do something like using the power of social media and forums like Bitcointalk but I see that he is already doing it now and he even got his first 20 dollar. That's nice and it can mean that he is progressing but I don't understand why he is being negative there and wants to give up? Usually, this is the reason on why many people didn't get successful. It's because they lack of consistency when they notice that they are getting stuck.

It was actually normal and maybe they need to tweak their current strategy. After all, I still like the enthusiasm of the OP but he only lacks in preparation. He rushes on creating the project even if he lacks on some resources.

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September 18, 2023, 01:19:10 AM
 #45

I created my token and launched it on launchpad, but I don't have money for advertising am I doomed to failure?
Yes, You surely needs money to run and promote your business otherwise you won't get the required exposure and visibilities.
You must need funding to be able to carry out some of the process involving, not only marketing including the Development aspect of your project. Some reasons why most project fails is lack of Structuring, Development and incomplete Team Members, no Usecase and Prospect, Therefore any project that is lacking all these qualities are likely to fail because investor's may not want to endangered their funds investing a project that has no future.
For now, he can still do something like using the power of social media and forums like Bitcointalk but I see that he is already doing it now and he even got his first 20 dollar. That's nice and it can mean that he is progressing but I don't understand why he is being negative there and wants to give up? Usually, this is the reason on why many people didn't get successful. It's because they lack of consistency when they notice that they are getting stuck.

It was actually normal and maybe they need to tweak their current strategy. After all, I still like the enthusiasm of the OP but he only lacks in preparation. He rushes on creating the project even if he lacks on some resources.

hey friend, I would like to thank you and the other people who participated in the discussion. Your comments made me realize that I had a lot more to learn and I'm going after it. I'm finishing a Patrick Collins course on YouTube about foundry so I can start structuring a portfolio and maybe next year I'll take part in my first hackathon. So I came here to thank you all for your help, I wish you the best guys
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September 18, 2023, 05:20:10 AM
 #46

You can’t easily create a token without having any funds, or else this will just a scam project.
New projects should invest more on the project itself and make it more valuable, the next option is to have a private sale so you can have the funds for more improvements and advertisement, marketing will play a bigger role for this project so make sure to prioritize this as well or else no one will invest with you.

Also one of the big factors is where to use the token like it can be exchanged for some good cosmetic items in some online game or anything like that, in order for the token to liquidate and raise its value. If it has no value, then no one will ever gonna take a risk to buy it even if the price is low and it will be just like the other tokens in our wallets that have been there for years and remain as nothing but some trash tokens that have no value at all. It's hard to promote such coins this time because most investors already get their share of losses from scams and fake projects.
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