Good day to all. I had the idea to put together all the good ideas and make a plan from them how a really good blockchain project should be developed in stages. That is, for example, the first point: we come up with a great idea, the second: we find cool guys - specialists in the field of blockchain and SEO, and so on.
It often happens that at first glance, a project cannot raise money for its development or can raise, but cannot realize ideas, what do you think is missing from such projects? What should be in a successful plan for its development?
First of all, the project should have a good idea, it may not even be new, the main thing is that the team have the opportunity to implement it and investors believe them. It would also be nice to provide investors with some kind of working model.
Yes, you’re absolutely right, the project team should have a clear idea of what goals they want to achieve and how to do it, and most importantly, people should see that each step of the plan is carried out in strict accordance with the white paper, then people will believe, because they will see that the process is going on.
Before showing the project to people, you need not only a good idea, but also the availability of a product for which people want to pay money. I find this one a lot harder than it sounds.
Yes, the availability of a working, high-quality product is certainly good, but unfortunately not all projects already have it before they begin to raise money. Usually there are just beautiful pictures and words.
Now the main success for investors is IEO on the big exchange) not the product, not the IDEA) just listing on the big exchange)
This is only HYPE project not a success project, no product no idea people will leave it, Using IEO in big exchange not guarantee the project will success. If people want to invest he will do research first, if no product, no ide. Do you think people will interested??
Yes, ideally, first a work product, then a project and fundraising. Smart people first create a quality business, establish it, gain publicity and only then begin to create a blockchain and raise funds.
The most important things that really matter for a new project or startup to raise funds are the use cases/ applications or the practicality of the project, secondly, some luck is also involved or we can say acceptance level in general public, lastly relevancy of both the team and advisors is very important otherwise no one will take the project seriously.
Do you know projects in which there were little-known consultants, but the project became famous? I am interested in this moment. After all, once cool consultants were also new to this issue and started from somewhere.
The most important things that really matter for a new project or startup to raise funds are the use cases/ applications or the practicality of the project, secondly, some luck is also involved or we can say acceptance level in general public, lastly relevancy of both the team and advisors is very important otherwise no one will take the project seriously.
Financial construction is essential for every project, and every project faces with financial problems sooner or later. Hard times are inevitable, but project is strong when it shows ability to survive hard times, team needs to be aware of that. Project is the team and supporters together, they need to have passion and strength to push even with hard financial problems, it`s the only way to see the project successful in long term, quitters will always quit and will never learn how to deal with problems.
Yes, difficulties are an integral part of any serious growth, it’s bad when the project hasn’t really announced itself, hasn’t shown the product, but already has difficulties, this should not be allowed at the very beginning.
Need good case studies applications in the real world, that it was not another blockchain, and the project is decisive with specific business objectives.
Yes, you are right, but for this I believe that a testnet should be carried out, with the help of it specialists in the field of blockchain can test the system and find all the shortcomings. which the team will correct in the future.
The best way of how to promote your project is doing enough marketing with bounties, trading competitions, partnerships, major exchanges listing and much more. It does not really matter how good the project and its product are, when people do not hear about this coin.
This is undoubtedly true, they should learn about the project and there should be good exchanges too, the only bad thing is that many projects give out too many coins to the bounty and after going to the exchange there is a big drain, the price drops by hundreds of percent!