Does Name really matter in crypto? - page 3.

chikator

sr. member

Activity: 406

Merit: 250

The Fourth Generation of Blockchain in DeFi

Quote from: Sulman326 on August 11, 2020, 06:52:05 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?

Yes. Naming your coins properly to convey what your project is about would be preferred. Its as tho just with the name alone the public will have a general idea of what you are offering.

simmikaur

newbie

Activity: 21

Merit: 1

according to me name should be simple and easy to find other than this i do not think it will matter. if a project is doing well than it will be successful as name would not guarantee the success of any project.

Nhor1011

member

Activity: 994

Merit: 11

Daxetoken.net

Quote from: Sulman326 on August 11, 2020, 06:52:05 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?

Of course! Name is the first factor to consider in putting up a business in line with cryptocurrency because Name of the project can tell you if what kind of project you are building in a first place. It could be the basis of what kind of business you are building and it will be the first marketing strategy to attract people and investors.

Zeke_23

sr. member

Activity: 868

Merit: 333

Quote from: Cryptoababe on August 22, 2020, 11:08:58 AM

Quote from: Sulman326 on August 11, 2020, 06:52:05 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?

Name does not really matters.. If name really matters then, bitcoin cash should be the 2nd largest cryptocurrency. Simply because its name is related to bitcoin's Name. And Bitcoin is the largest cryptocurrency. But BCH is not even top 5 according to coinmarketcap

No, name really matters. Name is the public figure or what will be its face to be recognized in the market. About bitcoin cash, not because it has the name of bitcoin, it also mean that it will be the next largest crypto. They do have a different function, and as an individual, we know that bitcoin forks are just considered as shitcoin since they only claim the name of bitcoin and always say that they are the real bitcoin which we all know that it is just a lie.

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: Cryptoababe on August 22, 2020, 11:08:58 AM

Quote from: Sulman326 on August 11, 2020, 06:52:05 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?

Name does not really matters.. If name really matters then, bitcoin cash should be the 2nd largest cryptocurrency. Simply because its name is related to bitcoin's Name. And Bitcoin is the largest cryptocurrency. But BCH is not even top 5 according to coinmarketcap

Name does matter. if BCH wasn't even got its popularity from hard forking btc it wont be a thing and none of us would know that this coin exist. the fact that you know BCH today is simply because it has gotten its popularity by using the name bitcoin on its HF and simply tailing bitcoin popularity. name does indeed matter in crypto market unfortunately,

Cryptoababe

member

Activity: 898

Merit: 19

Do it For Better Humanity (Bitget trader)

Quote from: Sulman326 on August 11, 2020, 06:52:05 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?

Name does not really matters.. If name really matters then, bitcoin cash should be the 2nd largest cryptocurrency. Simply because its name is related to bitcoin's Name. And Bitcoin is the largest cryptocurrency. But BCH is not even top 5 according to coinmarketcap

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: Shohag123 on August 22, 2020, 09:17:37 AM

New and interesting crypto name makes people more interested to the project.It makes a good impression.Sometimes if you hear a coin name and it may look like a scam after hearing the name of the project.And if any crypto project name match with other project name than it makes a confusion to the crypto traders and enthusiasts.Some project has a same coin name and ticker name its really confusing.So if any project makes a unique and relevant crypto names then it receives positive outlook form crypto people but its a just small part if your project name is good but project is not that good then it likely to be a disater.So project name makes a good impression and better concept of the project will do later work.

Short an easy to remember names are likely remembered by investors when it once pumped and put on the crypto sites like cointelegraph. KAVA is easy to remember because it only have two syllables than Decentraland which has 4 although both of them had been featured to crypto sites because they are both very good tokens to invest with.

It only proves the easier for a project to be remembered with its easy to pronounce unless its really that good like ETHEREUM which its price can get the attention of new investors in crypto without even checking what the project isabout.

Shohag123

member

Activity: 385

Merit: 12

New and interesting crypto name makes people more interested to the project.It makes a good impression.Sometimes if you hear a coin name and it may look like a scam after hearing the name of the project.And if any crypto project name match with other project name than it makes a confusion to the crypto traders and enthusiasts.Some project has a same coin name and ticker name its really confusing.So if any project makes a unique and relevant crypto names then it receives positive outlook form crypto people but its a just small part if your project name is good but project is not that good then it likely to be a disater.So project name makes a good impression and better concept of the project will do later work.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Om.monata on August 15, 2020, 06:25:10 PM

name does affect the success of the project, but the most important thing is how to combine names that match the concept. So I thought the name and concept should go hand in hand and that is one of the ways of getting the project success

That's true and we must know if the name will be affecting the reputation of the project too. When a project that used the similar name with the scam, fraud, crap or shitty project and that will be getting impact from the name that has already used.

taufik0911

full member

Activity: 1274

Merit: 104

HEX: Longer pays better

Quote from: Sulman326 on August 11, 2020, 06:52:05 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 what you mean is brading, branding is very influential on the mindset of each individual
i.e if I say cola what comes to your mind? coca cola? pepsi? seven up?
then if I say expensive cars what comes to your mind? ford? ferrari?
it is very clear that the name or brand of something is very important
I think if I go too far it will have a lot to do with marketing

lenovop-70

full member

Activity: 1190

Merit: 108

Absolutely yes, the product name is an ambassador for introduce to customers, it will be funny if our new trade name is a joking material in a random region. so be careful in choosing a name, for example, there is a token named corona, for now its not good name connotation for us, and i think its take effect to their market.

tracyhayley

full member

Activity: 652

Merit: 103

i think it's very important for their identity. just like FIAT money, they use different name to make identity for each country. also every coins or tokens have their own technologies and some of them are unique. so we have to know the differrences by their name.

Om.monata

full member

Activity: 936

Merit: 100

name does affect the success of the project, but the most important thing is how to combine names that match the concept. So I thought the name and concept should go hand in hand and that is one of the ways of getting the project success

oscarftw

sr. member

Activity: 573

Merit: 250

Quote from: ubay on August 14, 2020, 12:53:17 PM

Yes, name is very important in a product (coin), name implies the identity of a coin, by saying its name we already know which direction the coin will develop.

But there are some coins that don't care about the name, but the prices in the market are really good.

I have seen so many projects in my cryptocurrency life that changed the name as market situation or development. Only need a little time to change the name if teams don't like after development. I can't see any history of failure projects, which projects failed for only name. But teams should take time to select a good name. Sometimes we feel good with a very strong name.

Akoldi_ibk

jr. member

Activity: 1050

Merit: 1

Crypto name does not determine the success of a project, however, it is a factor that must not be joke with. In Branding, the image that a project wants its investors or customers to see lies in the value that is offered, the logo and of course, the name. Before a project or product connect properly to the right customers, the name must be simple and must relate or reveal the vision of the project to the outside world. A good name can say much about the project even before going through the whitepaper. Crypto name matters a lot and it is not only in crypto.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Vishnu.Reang on August 11, 2020, 11:53:07 PM

Name can have an impact on the cryptocurrency market, but I am not sure whether the situation has changed as of now. I still remember how Trumpcoin (a typical shitcoin) went up by more than 10x after Trump won the elections in 2016. This coin has no relation with the actual Donald Trump and I am sure that Trump may have never heard about this shitcoin. But the team used his name to mint profits for themselves.

This show us very clearly the implications of having a catchy name, it could help to get the attention of the potential investors but that is all what it does, at the end of the day the long term success of a project is entirely dependent on the concept of the project itself and the execution of it by the developers and while a catchy name can have a big impact at the beginning of the life of a coin eventually that impact disappears and all what matters is the quality of the project.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: ?? on ??

Yeah for me name is definitely one of the factors, I saw a lot of names the might not look like professional and their price speak for its name something like Trump Coin, Shit Coin, but it also depends if their team are serious about their project, naming their token such like that may impose that the team is not serious about the project. But if they are good at management and marketing the name will not affect the token.

I remember there was like a Corona Coin here before.
I am pretty sure it was abandoned already by the devs.
Somehow name really contributes to the relevance although that was like an opportunistic move rather than smart move.

there was also corona beer but they clear that its not related to the virus because it existed first. devs lf the coins can clear the name of their project if what is its history so that people wont bash it . they used the name corona to gain attention but what if their advocacy is to gather funds to help corona victims . there were even named mask coin before and the most popular would be toilet coin . they earn good money with it but they should give credits in return or give some aid to the original sources of the idea

MUG1WARA

full member

Activity: 1008

Merit: 101

a good name will make it easier for people to remember it, a bad name but having a good product will certainly make it easier for people to remember it so the conclusion is that names are not a problem, but if a good name and a project are in demand by many people it will look more perfect

nikki4

full member

Activity: 496

Merit: 100

For me in every way cryptocurrency name is matter. Just think "Bitcoin" is looks huge gorgeous name to me. I found only a few coins those coins name is good to me. Bigger name project can stay long in top coins, like crypto.com coin. This name is very weird to me.

pedpedped101

jr. member

Activity: 552

Merit: 1

Quote from: Kehindem on August 14, 2020, 04:47:17 PM

Dont really think name matter in cryptocurrency, because you can't judge the book by is cover, in any crypto investment, what should be the basis is the objective of the project and means of achieving it,The manager, and the team of the project, as to their to their integrity in the past and the likes. so don't think name should be the basis of investment.
STAND TO CORRETED.

The name of a project might have been coined from somewhere. Let's say that the team is doing an interview somewhere and such a question is asked, they cannot push it aside, because it is very important. So, the team should always take it seriously and have reasons for it being coined as it is and tell the meaning of the name.

Topic: Does Name really matter in crypto? - page 3. (Read 918 times)