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Topic: Does Name really matter in crypto? - page 16. (Read 3473 times)

hero member
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July 27, 2020, 05:35:31 PM
#35
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
To be sincere, name doesn't really matter for a project to be successful because the concept and new idea with team level of experience are what make project to be success. However, genuine crypto investors are ready to support new project adequate idea with teams but influential people are one of the strategy some new project owners does these days to create hype for their project.
sr. member
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July 27, 2020, 05:33:03 PM
#34
To me name does not matter in crypto j have seen many coins with funny names what matters in crypto is team and project growth but it's actually good that your project name reads same is your project intention. But generally name does not build nor limit the growth of a project.
full member
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July 27, 2020, 05:06:03 PM
#33
The purpose of the name is to make it easy for everyone to remember and that doesn't really matter, the most important thing is the quality of the product from the project.
sr. member
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July 27, 2020, 04:59:49 PM
#32
Absolutely not! The name is not a matter for a crypto project, the product, technology matters! Like I did not like the Polkadot name, even I laughed on this name but see Polkadot now, it's becoming a significant asset within a short time! Recently Swingby coin name also looked awful to me but see this coin's price grown up incredibly! I hope you get your answer already!
sr. member
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July 27, 2020, 04:50:34 PM
#31
Well I must say that it matters somehow but it's not really the basis of the success of the coin, look at dogecoin it really looks like that it will fail from the start but it did not though it was a joke coin. But the name of the coin should really be relevant on the project purpose or aim, you don't wanna invest in a project whose coin named 'FRAUD', or 'SCAM' or 'RUN'. What makes a coins success is the team behind, the more experienced they are the more they know how to handle situation in times of difficult one. And as for crypto names, the more unique the more it will be in people's head.
full member
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July 27, 2020, 04:49:03 PM
#30
The name is part of a brand. It does matter for a process to be successful but it is also important and it can drive people's attention to an asset. However, what really matters is what problem the project intends to solve, its novelty, and future outlooks. the team perseverance is also important. the dev team must be dedicated and be ready to give the best in order for the project to be successful.
hero member
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Trphy.io
July 27, 2020, 04:43:28 PM
#29
In my opinion, it's not too important the name of the crypto project because from the various sites that I read the important thing in crypto is the product of the crypto project not the name.  Therefore we often see projects with names that are quite unique or careless but they are able to provide fierce competition in the development of cryptocurrency.
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July 27, 2020, 04:37:06 PM
#28
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

The name of a crypto currency project has some effects; but it cannot be compared to having a reliable and good project. Come to think of it; if you have a good product, and worthy prospective project, definitely with good team, open community and good planning, chances are hypes will fly around, token would moon and grow and the name of the project will end up being everywhere.

Name of a crypto matters more after it has become successful, it helps to create additional hypes and promotion.
fvb
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July 27, 2020, 04:01:55 PM
#27
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
There is such an expression.  As you name the yacht, so it will float. So I think the name matters.  It also matters the people who are behind the development of the project and its support.  Because reputation and experience are already 50% of success.
legendary
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July 27, 2020, 03:57:06 PM
#26
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Of course, by any means, you won't participate in a crypto project named feces, boogers, ass, or something along those lines.

Generally, the name doesn't matter but if these projects take their name into something trash, how can they be serious in the project overall. But obviously, what you must look at is the technology behind that project. Are they serious in development? Are they always keeping touch with their community?

Anyways, what are those projects you think their name is not that good? Mind giving us examples?
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July 27, 2020, 03:53:21 PM
#25
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

When talking about names in crypto space, the name of a coin dosen't really matter at least not any more but there was a time when names really matters in this space. Then, project ls that has the name of successful coins attached to them do seems to perform well, examples are bitcoin-diamond, monero-gold, ethereum-classic as well as projects that had protocols attached to their names then
full member
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July 27, 2020, 03:04:20 PM
#24
not really, the most important thing in a project is the quality of the project product itself, how the team in marketing the project's products to investors, the product can be well developed and the project coins can be listed on a large exchange or have a high selling price, maybe more or less like that .
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July 27, 2020, 02:51:53 PM
#23
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Of course it matters since first impressions create such a huge impact to users here in the Cryptocurrency Industry. A unique name can give users what to expect from that Cryptocurrency and that name must at least always be recognizable if you want your Cryptocurrency to be kept in the minds of lots of users.

We should also not forget that names should be backed by the platforms since having a Unique name then Usable platform will surely boosts the popularity of Cryptocurrencies.
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July 27, 2020, 02:33:28 PM
#22
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

For a project to be successful, it must have a solid foundation. Because if a project has no usecase then the chances of that project being successful are very low. And the project does not succeed with the name, because a lot of project came to the market with very beautiful names and failed miserably and left the market. So a project is successful because of the professional team, and if there is a good usecase of that project in the future.
legendary
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July 27, 2020, 02:29:29 PM
#21
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

Branding does adds up to cater the interest of people, but it has nothing to do if the project will be successful or not.  All that matters is how competent the developer of the said project is.  One can have the most beautiful name and yet can turn into a scam.
sr. member
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July 27, 2020, 02:23:46 PM
#20
It doesn't really matter most of the times if it has some real life use cases. Look at Dogecoin, they are a established project created as fun and so does the name is. But sometimes, it puts some downside also. For example, investors don't take the project seriously when they see a project has been named as fun. DeepOnion is one of them at the moment.
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July 27, 2020, 02:23:16 PM
#19
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
It doesn't matter a lot but what matters a lot in the cryptocurrency should be your product. For me, it sounds like so many major coins were using the strange names but when it can prove to build a proper product and that's not a big problem at all.

I agree with you. Your opinion is the same as my thoughts, not even just a product. It was the team and Tokenomics on the project that made success. And names on projects are not big influences, sometimes people make names depending on their background.
sr. member
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Merit: 265
July 27, 2020, 02:22:47 PM
#18
Yes, it matters, why do you think that we have more than 30 'Bitcoins'? Because it gives project legitimacy without any work! They just took Bitcoin's name and code, modified it and now they talk about better Bitcoin.  Roll Eyes
full member
Activity: 868
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July 27, 2020, 02:14:43 PM
#17
The success of the coin may not be depended on the name of the coin . Their are lot of factors that goes behind the success of any coin. Only thing name should mean something bad or it’s meaning might not be good in some language. So those people might stay away from such coins . So one should be even think about it while keeping a name of the coin.
sr. member
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July 27, 2020, 02:10:53 PM
#16
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?

If you imply project name or coin name, it doesn't really matter much but should at least suit the project aim. If for instance a project aim is DEFI related, then team names the coin igame coin, it doesn't really depict the project aim, thus it will be somewhat confusing. Investors who do not really read about project mission/aim may think the coin is used for gaming purpose.
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