Topic: Altcoins founders need hire one that complement their efforts, please. (Read 293 times)

From my own understanding I think the key word there is "right' team, not just anyhow team but the right one where everyone knows and plays their part judiciously without being told what to do so in case of any shortcomings he/she can successfully handle it without hassles. Being a CEO doesn't mean you have to oversee other segment of the project, just focus on the area you are good at and trust the other team members to play their part well, since everyone is aiming for one common goal which is "success" of the platform.

They don't have a tangible result in their project because they don't have good intention for the project. We have seen so far that only few projects who failed to meet the soft Cap or hard Cap return money to the investors as many of them will go with investors money which was their real intention. I have invested in some project but there all turned scam project despite the fact that the project bounty manager were all respected Managers here in the forum.

This is a good take on the matter. And it applies to all projects. Successful projects, in general, are successful because the founders know that there are parts of the project, they are not very good at, so they employ the services of those who are better at it. That is always a wise thing to do. Altcoin project founders should learn from successful off-altcoin projects. They should understand that the success of projects depends on the teamwork of specialized people bringing in their A-game to the project.
I actually think many founders don't foresee the success of the project, so they don't put in much effort.

The real problem is those team who created altcoins didn't have competences to make the project even bigger. In my concern if they lack of knowledge about what they must do and how to do. They are only strong in the creation of the idea but they didn't have any knowledge about how to make it happen. So many unskillful people claimed themselves as a pro in the development of crypto.

Many new projects are abandoned by developers when they already have or make a lot of money from ICO sales. this is an indication of a scam project if leaving without any clarity or indeed being abandoned because there are not enough funds to list the project on a proper exchange.

But when the project is successful and continues to be developed by the developer, it is really necessary to add to the development team and determine the trustees or as the right hand to manage the project. this will support the development of the project better. A solid team will make the project bigger with assignments and have individual responsibilities.
Always be careful about new projects that offer lots of discounts and only raise money for their own benefit and then leave the project under construction.

Project founders don't care about the actual projects because they are not going to develop these project once they made enough money from it.But if someone who is really wanted to bring success to their project then they should have better development team in technical aspects as well then only investors won't lose their trust on this project in longer run.

Having an idea without finance, your ideas should wait for the finance to arrive before development and not using investors money to build your ideas and when these said ideas fail them they disappear. Am on the opinion that; a founder should go as far in getting loans to build their project and not investors funds.

You cant simply say that they are just creating new proejcts and not given focus or pirority on their project. OP not all developet have the funds to support them.


They are fake developers probably. This is what make some new projects vulnerable, how come they can easily deploy a project without any personnel at disposal to do the stuff or work for the project? OP emphasis is literally nice to hear. I like a project with only few personnel but they are working on the projects. Dont add team members that are just display or on the website. These people ar useless.

A little surprised at the state of this world and everyone seems to be very motivated by money to do anything. but at least the scope of crypto has demonstrated a very important technology in the future. I believe crypto with a decentralized blockchain foundation with an innovation or their presence is important to the world in my opinion will remain strong and last long enough. I think it's not a matter of the founder being the most important and world-famous person, but something new and being a pioneer tends to be more advanced and people start to leave the obsolete. it is true that the current crypto is too much with scammers, but try to see that the top coin has a pretty big stamp, because it is actually supported by what the world needs. the founder of the project with one of the most well-known is indeed very easy to bring an ecosystem to life, but that does not mean the emergence of something new is not possible to compete. the world cycle always wants new and meaningful ones.

Yes, every project has a pretty good future if the project is supported by a group of people who are influential and work well in accordance with the concepts they set. but what is happening right now is not so many dead and lost projects because the developers left the project because they only wanted money.

If i have understood your point correctly, yes it is very important to hire people who are not only competant but experts at relevant tech and at the same time they should complement the basic idea behind the thoughts and plans of the founder and create a coherrent environment for product development that result in practical product for the masses.

No doubt about your submission, their intention of getting the  profits out of  their respectivel projects is what they always focus on and not the progress of the project. Maybe they have seen and heard many of these scam projects making some good profits from the industry and they choose to venture into it. Get quick rich symptoms have also find it ways into the heart of these founders because of their mindsets towards projected project.

Most of the project's founders choose crypto industry to make money not to give anything revolutionary to people so they don't want to lose a big chunk of their funds to tech side all they do spend money on building idea and whitepaper now they have to convince investors to reach their intention of making profits.Once they got they will fade away and the project will be added to shit coin list.

You just said it all and it's accurate. Let's take an example; assuming the CEO or founder of a project is an entrepreneur and the project is all about payment systems, if he refuses to hire the services of those who are good in developing mobile wallets etc, will the project survive? The answer is NO. Therefore in all practical sense, a CEO or founder can't handle the entirety of the project alone he needs to hire people who share the same belief and have the neccessary skills to perform well. But sadly enough most upcoming projects are found wanting in this case and they keep struggling and dying while solid projects or platforms like Binance exchange, ETH etc keeps leading, because the founders knows their roles and plays it well while others focus on theirs.

They were called as the developers so by all means, they can stand out on their own because they were the ones who started it. And before launching it, they have their team already but it's up to them how they manage to keep their people.

Every founder who wishes the best for the project will always think of long term. But those founders that are only for the short term profit, they wouldn't mind abandoning the project at its peak.

I'm impressed with what OP said, I've been seeing such thing in crypto space since early 2017, few developers aren't good at what they claim to be their profession, many faked it just to deceive investors and later on when few challenges takes place the CEO will become the lowest rank member of the team and you will see another member of the team becoming the CEO, its a big shame to every single projects that are like this

There are various reasons why there are always have half baked projects. First, probably they had insufficient resource allocation. Budgeting is the most important and keeps tracking those expenses that might result in discrepancies. As a founder, keeping track of everything ensures that your project will succeed. And the second one is the inexperienced manager not should be hired, this is also very important in choosing staff and the next level is the dev.

You as a founder you should also have knowledge about the tech that you wanted to build and not relying on your team and the dev hired. The problem is there is no time contract on the dev they've hired after it is listing and hit on an exchange, there is no improvement at all and it becomes a failure or going to die. But business is business, they are preferred to run another project because it always has a good profit after crowed sales end.

This is the truth and nothing but the truth, in fact it is the whole truth. This also one of the reasons many projects are struggling and many dead, although some are still as a result of fraudulent activities etc. Back to the matter, many projects have good ideas but lacks developers or team to build it to standard. Someone who is good in marketing should be given the opportunity and respect to do his/her work, someone who is good in coding should be hired to contribute his best; this is how a project grows and not one person doing the work of 2 people for reasons best known to them. Like you pointed out, everyone should be allowed to do his job, so that if there is any issue or underserved results, the person will be held accountable.
So in all sincerity, let founders stick to employing those who can help move them to success, go for the experts, they will always want to maintain their reputation in return building the platform to its required standard.

Sometimes they are trapped in the wrong place, indeed at the beginning of creation have the same vision and mission, but after the project runs and starts to develop, then differences will arise, where business and money can blind them, greedy and can cause divisions between them. A good person and potentially always be removed by the greedy people in power.

I totally agree with you, we humans are unique and have different capacities and capabilities, there are places we are good at and vice versa, no wonder the saying " United we stand, divided we fall" that is to say, when people come together for a particular goal they will make exploits. As a founder of a project whether in the blockchain space or otherwise there is need to understand your role in that project and stick to while hiring the services of others who are experts in other areas through this way the project will continue growing because everyone knows his place and what he has to do. Nowadays, you will see a blockchain project where one person performs different operations and at the end the project won't survive. Thanks for pointing this out.

Good points OP.
It is not as if most of the founders do not know what to do, particularly when it comes to getting more professionals to foster the development of their projects, but their major problem is lack of fund. This is why I am also concerned that, a lot of them are not ready financially for the project to kick-off, even if they intend to raise more funds.
A project found should have startup capital. If he doesn't have what to start with but has idea, he can approach those who have it one-on-0ne first, before coming to the crypto space to raise more funds.
So, having funds will give them the enablement to hire the needed professionals.

Candidly speaking, they need to hire those who can compliment their business.  How can a project stand out without the right team? Its impossible, you can't be a business oriented founder and still expert in tech.


Those with long-term goals are those founders hiring to compliment their vision in a project.
Here's is the point, how on earth can a founder with limited knowledge have a long-term vision? Its not possible. This'd reason why we have SCRAP's called Altcoins today.

They don't actually have to hire one, they need to stand out and be with the project they have started but if they have no choice and they want to leave, that suggestion of yours is good. I guess this has been detailed seen by other tech starters and they only want to start but only a few of them does have vision for long term goal. They lack of goal setting as well and the investors are left hanging once they leave and the sad part is they don't care about them.

Sometimes ago I was asked a simple question about some altcoins projects existence that fade away with time. In other word, why are many altcoins founders decided to focus on tech undermining what they are called for in life, some are good in generating business ideas but aren't good in tech.  We have seem cases of such with many projects without a tangible result, names withheld.

For any altcoin project to survive and succeed, the founder should understand what his call is concerning the project, they should know where they are good at and participate,  not interfering into others areas of specialization. Probably, Satoshi has business ideas and was also good on tech but others should not follow suits like him/her. This has destroyed many good projects from the surface of cryptosphere and should be voice out. Let every founder place priority over the area he or she specializes in and not doing all things at the same time without a good result.

Here are good examples: Google boys has Eric Schmidt, Facebook has Sheryl and Microsoft has Steve B. Looking at these projects, they survived and still surviving because of the hiring.

Therefore, altcoins founders should hire those techs to complement them on the techs side of the project. We are tired of half baked projects around us without a good case use.

What do you think we should emphasis in this matter?