Author

Topic: Full focus on the product instead of ICO? (Read 253 times)

jr. member
Activity: 434
Merit: 1
July 18, 2018, 06:11:48 AM
#36
Then how do you suggest that you raise funds to start the project, because they need financing, and to get funding you need a public meeting of investors!
full member
Activity: 546
Merit: 100
It is the right move to focus on the product instead of the ico. Most people tend to just focus on the ico because they are being offered coins at a low price and all they want to do is wait for the price of the coin to go up and sell which is wrong. Coin durability should be one of the things that should be focused on, the product is what tells us if a project is going to last long or if it is going to fail.
sr. member
Activity: 504
Merit: 250
Perhaps it is indeed a good thing. but this will certainly go back again to the function and benefits of a product that can be used by humans. If it's worth it to invest in it then surely there will be no doubt to support. so even though the products but also not too has also finally be will not be too mean.
member
Activity: 406
Merit: 10
https://www.bitc2.org/
Of course, you really get tired of waiting when you finish the product, or even in some of it does not even begin, but some just collect money for this product and for one advertisement of the project it's always good, if you just prepare the product, then I still need to advertise. Investors are basically gambling people, they consider themselves to be geniuses, so ICO is cool)
member
Activity: 406
Merit: 11
Until the end of time
I remember during the new era of ICO investing, people investing into product, but today the change has change, people no longer look into products any more, they invest in hype, as long as the project has a huge hype, they will invest and I think it is not a good way to go about it, that is the reason why many people invest in wrong ICO, I believe we will head back to time when people will invest in good projects again and not hyped projects with no working products.
member
Activity: 322
Merit: 10
https://www.udap.io/ - Tokenize Everything
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?

It's the only right solution (with few exceptions which only confirm the rule). Investments in the projects, which have nothing except valueless coins, is a right way to losses!
newbie
Activity: 110
Merit: 0
I really agree with you on this. This can really be done and see the if the output is satisfactory. I think this will work. It is high time to take initiative to work a bit differently.
newbie
Activity: 173
Merit: 0
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?
Actually when you will go through the whitepaper of the new ICO project then you will find every good and bad thing about that project. Every project comes with a vision and mission. There are several new projects like Liven, Qurrex etc. Take a look at these specially.
full member
Activity: 490
Merit: 106
Of course it is more safe to invest on a project that has a working or have a real product because you are sure that they already started to make it possible, but not all start up companies will be able to do it and only companies that already have funds before they launch an ICO can make this thing. On some projects they can't focus on the product because they don't have enough funds, that is why they are focusing on their ICOs and that is not a problem as long as they are doing a great job with their project but also a risk from the investors because once the project failed, investors will lose their money.
sr. member
Activity: 476
Merit: 256
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?

Product is the key to any project and second to project is development team,if both are available at same time then its blessings and that ICO would surely success.Always research hard to find the core idea,would it deliver what it promises,is it innovative w.r.t others,sufficient budget,community adoption rate.If your product is impressive then i am sure that you would receive huge community response mean success is guaranteed.
member
Activity: 448
Merit: 15
TREEBLOCK
I am not sure that companies can do this effectively, so far from what I have seen most companies are using the ICO stage to raise funds in readiness to develop their product. Most ICO are representing vapourware and without funding how can they be product ready at ICO stage?
full member
Activity: 350
Merit: 133
SIMPLE SHOPPING AND SAFE PAY
Personally, when I choose a good project for investment, I pay attention to the product, but this is not the main factor for making a decision. In particular, I understand that the price should increase not the product is good, but the popularity around the project, so that the market would wait for it and there was a great demand!
member
Activity: 176
Merit: 10
It is one thing to consider to know if a project is a great place for your money. But not all projects with working products are successful, same to as not all those which have no working products are unsuccessful. It depends whether the project really makes sense. Some projects are repetitive and are too mainstream that despite of having a working product, ends up failing. You should consider other factors as well such as the team behind it etc
jr. member
Activity: 103
Merit: 2
Basically I like this idea based on this many people of the market invest money based on hype and profit so this will helps them to know properly also this will help customers to develop their plan and it make them happy because they will earn a good profit from here.
newbie
Activity: 86
Merit: 0
I truly agree and support this issue because people will be benefited also investors invest money based on ICO & its hype or when they see there is profit because they wants profit from here also they are also depended with the investors because of them they can start their projects.
newbie
Activity: 32
Merit: 0
I totally agree. Focusing on building product, dealing with customers and most important building something which gives value is better than creating next xy coin or ICO. I don`t tell that all ICOs are scum but big part of them are if not scum than very shitty.
I am really looking forward to see much more crypto & blockchain SAAS and B2C businesses here.
full member
Activity: 686
Merit: 131
*sigh* another advertisement disguised as a post.

But, the topic itself is worth discussing so here's my 2 cents:

There have been a number of projects this year that have focused more on product than doing the ico marketing monkey madness.
Overall, people are not taking it well.

The ICO culture has been all about the quick flip for years now and it is hard for investors to adjust to a different approach.

A great example of this is Daostack.
The price has crashed below ico prices and there aren't any substantial signs that marketing or pushes to large exhanges is happening.
Instead, all attention is put on the platform itself and getting daos up and running.
Check out their telegram, everyone is butthurt and calling the devs unprofessional.
The ironic thing is, they are following their whitepaper and roadmap just as advertised.
newbie
Activity: 112
Merit: 0
The future crypto projects are doing good. I like the features and i think this will have good potential to work with.
newbie
Activity: 434
Merit: 0
I really agree with you on this. This can really be done and see the if the output is satisfactory. I think this will work. It is high time to take initiative to work a bit differently.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?
It will be much better if yo can try to build a working product without need any expenses. I will try to check it. In my understand the project with a fully working product will be really valuable to the community.
But it depends on how usefulness the product to the community and the demand of the product itself.
copper member
Activity: 10
Merit: 0
You have a great idea. But many even the most promising projects do not find a response from the community, if a small marketing budget.

A universal approach to the project is important

Definitely, marketing is a must for a successful project. I'm just telling that there would be much more value create focusing on the product instead of ICO campaign.
member
Activity: 322
Merit: 11
You have a great idea. But many even the most promising projects do not find a response from the community, if a small marketing budget.

A universal approach to the project is important
member
Activity: 196
Merit: 10
I think the risk of investing in ICO is very high at present, because countries are restricting ICO.
If I'm bullish on the blockchain and the whole cryptocurrency market, then I think I should invest in the existing good tokens.
full member
Activity: 532
Merit: 114
A working product without ico would need huge financial strength, and would be a welcome positive in the midst of doubt, suspicion and fear of scams.
copper member
Activity: 10
Merit: 0
Good idea, I think it will be interesting. Why project is not rated at www.icoguide.com I am looking at their rates and it will be good to see the score at the platform.

It's a good question. We are not planning to do an ICO, so we should not list Amabig.com on ICO websites. Instead, we are going to list Amabig cryptocurrency on exchanges so everyone could buy.
jr. member
Activity: 336
Merit: 7
Good idea, I think it will be interesting. Why project is not rated at www.icoguide.com I am looking at their rates and it will be good to see the score at the platform.
copper member
Activity: 10
Merit: 0
It only works if you have enough funds to make a working product or at least some beta version or MVP, otherwise, you have no options, except running an ICO or attracting investors.
Anyway, that's great if the team have a working product as in your case. This can really be a decisive advantage for some investors when choosing a project for investment.

Exactly, I really believe we will see a bigger shift toward working product approach as a lot of ICOs doesn't deliver what they promised. This approach should greatly contribute to blockchain adoption worldwide.
plr
member
Activity: 1162
Merit: 24
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?

They are launching an ICO because they only have an idea and they need funds to materialize that idea, they need developers and coders to work on their idea, of course, we are attracted to project that has already working platform, but that platform should be profitable and people are actually using.
full member
Activity: 822
Merit: 100
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?
A lot of project are taking advantage of ico to dupe people no plan to have good working product or use case for the masses, that is why i support there should be a regulation for upcoming ico.
member
Activity: 292
Merit: 10
Yes, that's what we missed here. Investing in ICOs and waiting years and years if their tokens will ever have any value except the price, with working project already I truly agree and support it!
newbie
Activity: 238
Merit: 0
I agree. I'm just wondering when we will start to see major shift from ICOs to working-product-first approach as in my opinion it will signal the real revolution in blockchain based projects in terms of real sustainable systems instead of just a hype.
Support. I have always been interested in projects that without the help of investors started development, invested money and effort. Instead of sitting and waiting when I typed the amount. In a company with a finished product it is easier to believe, because all the financing they immediately send to the development.
member
Activity: 157
Merit: 13
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?
It only works if you have enough funds to make a working product or at least some beta version or MVP, otherwise, you have no options, except running an ICO or attracting investors.
Anyway, that's great if the team have a working product as in your case. This can really be a decisive advantage for some investors when choosing a project for investment.
copper member
Activity: 10
Merit: 0
I agree. I'm just wondering when we will start to see major shift from ICOs to working-product-first approach as in my opinion it will signal the real revolution in blockchain based projects in terms of real sustainable systems instead of just a hype.
newbie
Activity: 168
Merit: 0
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?

There is no universal answer. Ico gives you chance to buy tokens cheaper, good-working product is much more expensive ones but stable.

So for a long-term working products are better.
full member
Activity: 462
Merit: 100
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?

I totally agree. However, most investors are up for profit and hype. The reason why some are starting their ICO is because they needed investors' funds to help complete and develop a working product. Having a working product will surely make investors happy, since it can help gaining more and more investors as people see it helpful and has a real use case.
copper member
Activity: 10
Merit: 0
Hey everyone,

What do you think about the idea to do crypto projects in a different way? Instead of huge efforts launching successful ICO, it makes sense to dedicate those efforts building a working product. It's fantastic to work on something you truly believe so it's both a pleasure for the team and the solid result - a working product. That's how we've built Amabig.com

Don't you think that it's much more safe to invest in already working products? Is this the future of crypto projects?
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