Does Name really matter in crypto? - page 8.

kevinzxz

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Quote from: CryptoDost on July 27, 2020, 11:22:09 AM

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?

do you mean the name of the project and coin? if yes, then in my opinion name is not important, but at least the name must match the project and the name must be easy to remember, so that it will make investors more interested to investing in the project, although indeed the most important thing is the idea of the project and not the name, but at least if the name of the project is good and easy to remember, then it will make investors more interested to knowing about the project.

Anyobsss

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Quote from: suvo05 on September 20, 2020, 03:11:14 PM

I don't think the name is important. The name of the coins does not make any sense so it is unable to create any premeditate judgment in the mind. If the team is strong, the project is good then the coin will gain popularity despite of any name given. Can anybody name a coin which have not performed well due to it's name?? But you can find shitcoins which has been named smartly.

If we're talking in marketing standpoint, name in crypto does matter. For Example "Akoin" if you see this you will wonder why is it name like that so you will start doing your research on it, then you will know that it is founded by Akon. Another example is the DeFi or projects with Finance on its name. Since we know that DeFis are really hot right now and people are crowding this projects since the appearance of YFI and Uniswap. Name in crypto definitely help in marketing but Its different when it comes to success, It will always be the product that matter in success.

oscarftw

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Quote from: suvo05 on September 20, 2020, 03:11:14 PM

I don't think the name is important. The name of the coins does not make any sense so it is unable to create any premeditate judgment in the mind. If the team is strong, the project is good then the coin will gain popularity despite of any name given. Can anybody name a coin which have not performed well due to it's name?? But you can find shitcoins which has been named smartly.

We can do our first judgement by seeing project names like Dogdata token. After doing my research, I found out the same result. Almost 90 percent I'm sure that projects name is chosen by project future plan or roadmap. We will know the projects types by checking only the project name. Ethereum blockchain, USDT or Binance coin. You aren't wrong about strong teams and good types of projects.

suvo05

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I don't think the name is important. The name of the coins does not make any sense so it is unable to create any premeditate judgment in the mind. If the team is strong, the project is good then the coin will gain popularity despite of any name given. Can anybody name a coin which have not performed well due to it's name?? But you can find shitcoins which has been named smartly.

Upgate

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Do names determine how successful a human being can be in his or her life? I think, no. Same thing applies to crypto.
There wasnt a time name is used determine how successful a project can be. Once a project has strong foundation and a wonderful potential, name wont matter. What matters most is the usefulness of the project.
Name is just for easy identification of the project in crypto sphere since we have thousands of other altcoin

Vishnu.Reang

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Quote from: warg2017 on September 19, 2020, 01:17:54 PM

In my opinion,i consider a crypto name have nothing to do with crypto's success. Let us take a look at the coins that are at the top of the market, such as Crypto.com Coin,i feel this name is ugly,of course,maybe other people think this name is awesome.Anyway,i think the important thing is the concept, the roadmap, the team,etc.Luck is also important.

Obviously Crypto.com Coin is a very lengthy name and it is odd to have an URL in the name. But I guess they have done this intentionally, in order to grab attention. Now that purpose is done and they may rename their cryptocurrency as Cryptocoin or Cryptoshare. But this is not the only cryptocurrency with odd names. We have coins and tokens such as yearn.finance, DFI.Money, Kava.io, Fetch.ai, Travala.com, The Midas Touch Gold.etc.

wywoc

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Quote from: CryptoDost on July 27, 2020, 11:22:09 AM

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 depend on the market trend of that time. For this time, you can see DeFi projects are so hype, and most new projects will put the word Defi in the project name, or name it after hot projects, such as "Y "familiy in this time.

rahmathidayat93

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for a name of course it is not very important in my opinion, because the most important thing is the quality and potential of the coin itself, if the name of a coin is too good and the quality of the coin is very low then it is useless

Yes, tokens that prioritize quality and potential are good tokens, but it would be great if token developers prioritize all three, both the name, quality, and potential of their tokens in the future through the number of people who like their tokens in the crypto space.

oprahwindfury

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Overall to prove something the quality does matter.So,a qualityful product can improve at once or step by step.But the thing is needed that product and its featured should reach to people and thats why the name matters sometimes.but If this has a quality, it can take a little bit of time and it's fine.

landoffaucets

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Of course, it is the first thing that you imagine when you hear the name of the cryptocurrencies. I mean when you see Bitcoin Gold, Bitcoin Diamond, or anything similar I know that I have to be very careful because the project tries to take advantage of Bitcoin's popularity and success. Roll Eyes

coin-investor

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Quote from: CryptoDost on July 27, 2020, 11:22:09 AM

Does crypto name really matter before it become successful?

Because of what happen in the DeFi where we have Sushi noodles gaining a lot of attention and success I don;t think name has a bearing to a project's success it has something to do with the hype and what it's bringing to the table, because of this any name will do, any name now has a chance.

Cryptoangel01

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Yes names do matter. All crypto I've come know that are associated with weird names eventually fail woefully. No single one of this Cryptos stood the test of time. NOBS, Jesus coin, trash coin etc. The name of a project have a lot of things to do with the success of such projects in the long term.

Maroons

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Quote from: TopT3ns on September 19, 2020, 07:26:08 PM

Quote from: zaim7413 on September 19, 2020, 05:54:06 AM

Quote from: agis50 on September 18, 2020, 04:10:03 PM

Yes, it's very important. The name is like a power in a project, the team will do their best to keep the name of their project. So that, the chances of the project become successful will be even greater.

The name is clearly important, because through a name it can also reflect a character of the project, but what is more important than that is to make project development that is not hampered and progress according to the target is an effort that must always be made by the team, because things like that too will have an effect on the goodness of their project name.

I think the name is not too important because investors only need a project that is really useful so that it can provide a lot of profit while the name can be the second solution because every group that wants to make a project they should be able to think of their concepts and goals first and after that a name will appear that can complement the project.

Of course investors will surely look into the purpose of the project and the project itself but name is an important role in advertising or making your coin popular, a good name can help your project to be known by people and i think it isn't only about name, logo is also a vital part of a project, imagine not exerting effort in the name and just setting a name that is not well planned and has no background or meaning to it, you need to attract investors so having a good and well planned name is an edge over the other projects out there.

TIDOVEE

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Every name may not make a meaning to everyone but there is always a understanding of the name to namer. Like the name COVID-19 was generated within 2019, if you never explained the history of it to children of the next generation, it will never make a meaning to them. When it comes bitcoin/cryptocurrency, there are some names you see and easily pinpoint if it is from agricultural, automobile,musical environment and there are some you can also have the idea from their logo or avatar, you may also know some when you go through their profile.

TopT3ns

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Quote from: zaim7413 on September 19, 2020, 05:54:06 AM

Quote from: agis50 on September 18, 2020, 04:10:03 PM

Yes, it's very important. The name is like a power in a project, the team will do their best to keep the name of their project. So that, the chances of the project become successful will be even greater.

The name is clearly important, because through a name it can also reflect a character of the project, but what is more important than that is to make project development that is not hampered and progress according to the target is an effort that must always be made by the team, because things like that too will have an effect on the goodness of their project name.

I think the name is not too important because investors only need a project that is really useful so that it can provide a lot of profit while the name can be the second solution because every group that wants to make a project they should be able to think of their concepts and goals first and after that a name will appear that can complement the project.

Paycoinzzz

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Quote from: CryptoDost on July 27, 2020, 11:22:09 AM

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?

I think it's not that important. Currently you can see, there are coin names following defi trends like Sushi, Sasimi, ... are very successful and marketcap up to hundreds of millions of dollars. Besides, before we had a Meme coin that was Dogecoin and a funny avatar. for now, those coins are considered successful in the crypto market. Therefore, the name is not important, the timing as well as the direction of the project.

bonyaserg

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Personally, I think this name goes a long way towards more trust and consistent feedback. As you name the ship, it will float. Therefore, it should be assumed that the name has always been of great importance. And any business will develop under one simple name.

Ayiranorea

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Rather than the name the minimum viable product matters. When a project progress through its product, automatically the name will start to gain more visibility. Later on, even if the name isn't that attractive it looks more attractive. This way the name has got importance, but at the beginning working product and real-time usage is much concerned.

warg2017

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In my opinion,i consider a crypto name have nothing to do with crypto's success. Let us take a look at the coins that are at the top of the market, such as Crypto.com Coin,i feel this name is ugly,of course,maybe other people think this name is awesome.Anyway,i think the important thing is the concept, the roadmap, the team,etc.Luck is also important.

Captain Corporate

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Recently I have heard a place with a silly name like defydsfsad.finance or whatever stole 20 million dollars from its investors. So as you can see name maybe doesn't matter as much as we once believed it might. I mean of course if you have a great name you could start branding a lot better and quicker, because a brandable name means that marketing would be easier as well, all the logos and banners and everything will look a lot better with a great name. However that is a plus, it is not a stop, if you do not have a good name that doesn't mean that you are not going to be anything, even with a bad name as long as you work hard you could get a lot of people investing into you, you can see the example of that place that stole 20 million dollars.

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