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Topic: If a token keeps falling, how to save it (Read 390 times)

hero member
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June 09, 2024, 07:35:48 AM
#51
At this point you are the creator and beneficiary of this token, what will you do?
I see many people offering various solutions such as buying back 50% of the circulating supply, burning tokens, increasing advertising to attract more investors...but I don't see anyone mentioning or even you (the project developer) not mentioning the reason for the token price drop. The reason is because of Fud, the project is attacked, the project progress is not according to the roadmap or outdated... there are many reasons why a project goes down. And if you really want to save your project, and as a developer, you need to know what the causes are and find ways to fix them as quickly as possible.
full member
Activity: 280
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Eloncoin.org - Mars, here we come!
At this point you are the creator and beneficiary of this token, what will you do?
You have not elaborated your question clearly but I'll answer you according to my understanding.

If a token is falling then you have to see the background of the project and it's previous performances. I have seen project of thousands dollars worth on less than hundreds on bucks but the they again approached their ATH. So it all depends on the fundamentals and previous performances of the project. How legit a project is and how much people trust it this will help you to decide what to do with its token.
member
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Axioma Holding - Axioma Pay Crypto Card
At this point you are the creator and beneficiary of this token, what will you do?


If Cryptocurrency is mentioned, first thing to think about is volatility. If a token continues to fall, take note of what is causing the price of the token to fall. If you don't know the root cause of the price fall, you can not renders any proper solution but rather a temporary solution that can only last for some time. Since crypto is a volatile asset, if the price of my token is falling, I will take note of the cause, if the cause is the general market volatility (dip), then I can not do anything but will allow the power of bear market to take effect. After bear market is becoming over, I will then start to market my token again and reach agreement to list on other exchange that are more popular.
legendary
Activity: 3178
Merit: 1054
At this point you are the creator and beneficiary of this token, what will you do?

i'd stop dumping my stash if i wanted to save it. but seeing all will be dumping as well, i guess i would have to dump it all. sadly i'm no creator of any token.

the teams i believe are also among those whales who trade in spot market on long-term tf. more likely at the peak of bullrun and the bottom of bear market. so they know all these since they are also hiring pro traders. they only release updates when bull market is about to commence and after they buy back their stash.
legendary
Activity: 2086
Merit: 1058
There is nothing that can be done if investors decided to dump the coin and the price keeps falling. The only up option here is to buy back the token which could make the price stable but may take a long time for the price to recover from the bear trend. This has happened to many devs in the crypto market and what they could do is to buy back the dumped token so that the price can start going bull investors comes back to the project and buy them.
Marketing is one of the ways we can increase the numbers if investors of a token and keep the price going bull as more investors comes in to buy it.
Yes, you are right there, and then it probably also depends on the token to see if it really has the potential to provide good benefits to those who will hold it. If there are market innovations that are called for sure, the previous communities in the field of crypto space will not let go.

But if they don't really see development and innovation, the communities will probably leave it little by little. If there are no marketing plans for the future, the price value of that token will really fall. We should observe what other token projects are doing in their marketing scheme development; others who just copy and revise a little will be fine right away.
The problem with development and innovation making it go higher would be that if it's too late then it may not help. If you constantly have a new thing every month then yeah that's great and should keep you high, unless something bad happens of course.

However, if you make nothing for a year, and then do something great, most people are already gone and the token price crashed and that's the issue, I do not think that it will get anywhere outside of that, we should probably just consider that as a problem. I think it's quite foolish to have this kind of thing, it would make a lot more sense if we knew what we were doing and not really have any big issues, because in the end, we are talking about a deal where it is not that simple if devs are not around.
sr. member
Activity: 378
Merit: 285
At this point you are the creator and beneficiary of this token, what will you do?
If it's falling that means it doesn't have or solve a real life problem. If it has value it will always be in demand and it's value will be sustained. Secondly it could be that there is a competition and the other alternatives are providing more and efficient services more than your company so you have to wake up and set the priorities right. Make everything functional and user friendly. You should also try looking at your public relation channels, keep your community updated about the activities of the company, update your roadmap and deliver according to the road map. Integrate latest technologies in your platform to keep being in demand. Look for better ways to keep giving your users something to look up to, it could be incentives and many more.
hero member
Activity: 1302
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Indeed, we need to promote properly and expand our channel so that it reaches different people, most of them really invest in their promotions and hire famous and well known people to be their endorsers. Since there is a lot of competition in this, we need to think of an effective and best strategic way to better recognize the coin we are endorsing.
As for coins, just support Bitcoin and some others if you can't forget some of the ones you think are good because they have become coins now too. But when it comes to tokens, of course everyone has to use analysis and time to look at and study them carefully so that they don't make the wrong choice even though the promotions that have been made by the token owner have become extremely widespread at the moment. Because we as users and savers also have a goal that must not be forgotten, namely the profits and benefits so that we don't feel like we are losing out by keeping a product.
sr. member
Activity: 1022
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I’d probably suggest to do better in marketing. One of the things you want to do is to increase demand. Hype up your own token. Get people talking even if you have to pay those people. A token’s price can increase with the help of speculation alone. Promote your project and plaster it everywhere in different social media platforms.

Indeed, we need to promote properly and expand our channel so that it reaches different people, most of them really invest in their promotions and hire famous and well known people to be their endorsers. Since there is a lot of competition in this, we need to think of an effective and best strategic way to better recognize the coin we are endorsing.
sr. member
Activity: 1498
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At this point you are the creator and beneficiary of this token, what will you do?
There is nothing that can be done if investors decided to dump the coin and the price keeps falling. The only up option here is to buy back the token which could make the price stable but may take a long time for the price to recover from the bear trend. This has happened to many devs in the crypto market and what they could do is to buy back the dumped token so that the price can start going bull investors comes back to the project and buy them.
Marketing is one of the ways we can increase the numbers if investors of a token and keep the price going bull as more investors comes in to buy it.

Yes, you are right there, and then it probably also depends on the token to see if it really has the potential to provide good benefits to those who will hold it. If there are market innovations that are called for sure, the previous communities in the field of crypto space will not let go.

But if they don't really see development and innovation, the communities will probably leave it little by little. If there are no marketing plans for the future, the price value of that token will really fall. We should observe what other token projects are doing in their marketing scheme development; others who just copy and revise a little will be fine right away.
sr. member
Activity: 1554
Merit: 334
It depends, if they're really worth the saving, I'd say that token burning is the most efficient way that you can do it because if there's a demand for token but there's so much supply right now, it's probably going go down in prices no matter what you do so what you can do to keep the prices up is to burn a lot of the total supply so with a pumping demand, the supply becomes limited, this kind of thing is especially useful against tokens that doesn't have an established finite supply because you can burn as much as you want from it and you'd do fine. In the case that it's not worth saving, I'd say that you'd probably be better off selling all of your tokens and finding a new one.
hero member
Activity: 1176
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At this point you are the creator and beneficiary of this token, what will you do?
There is nothing that can be done if investors decided to dump the coin and the price keeps falling. The only up option here is to buy back the token which could make the price stable but may take a long time for the price to recover from the bear trend. This has happened to many devs in the crypto market and what they could do is to buy back the dumped token so that the price can start going bull investors comes back to the project and buy them.
Marketing is one of the ways we can increase the numbers if investors of a token and keep the price going bull as more investors comes in to buy it.
full member
Activity: 1442
Merit: 108
if I am the recipient I will keep it in my wallet (if it doesn't have a price), but if it is possible to sell it I will sell it because it is not recommended to hold new altcoins for too long. however if I were a maker I would create hype and offer the highest possible utility. Hype can be obtained by creating a large community, and a large community can be obtained through airdrops and bounties. high utility will maintain the price of the token in the long term. Apart from that to maintain prices I will burn tokens, buyback, and give rewards to holders (staking).
sr. member
Activity: 1498
Merit: 416
There's no saving needed, you're not a whale investor after all and the only thing that you can do in that situation would be to get your money out and cut your losses while you still can, save yourself first before the token, there's no way that you'd be able to save it anyway because when people starts to see the price dipping on that token, their minds are thinking of getting out right now of that market as quickly as possible to avoid more losses so even if you save it by injecting more money into the market of that token, it would be a sunk cost because you're basically paying for the others just to get their money out of that token. Maybe a token burning is due for that one just like what @sunsilk has said, less supply means that the value will eventually go up because there's bound to be more people that will want it and then the price pump will go up to the point that it will recover it's stable price again.
hero member
Activity: 3038
Merit: 634
Depends on the purpose but if I am the creator of it, I want it to stay for a long and everyone will be able to use it. So, going back to basics it includes the fulfillment of what's written in the road map, white paper, and as well as with marketing on its side.

From what I have seen with other developers, if their project is in danger. What they're doing is burning a lot of its supply, going on with partnerships and having more exposure through media so that many will see what their project is.

And going back to myself being an owner of it, well, I don't know if I'll be able to fulfill all of that. It's not easy at all to get into these projects and have yourself get an headache on maintaining and promoting it.

Exactly, if you are the owner and you think the project you created is something that can be useful then you will try all your resources to attract investors to support your project.

The life of the coin is in you, finding what is best will begin at you and it's true that most of those developers resort their way in burning the token
and bring more exposures,

as long as you believe that there's a good use of token you must do whatever way you have to continue the progress
and deliver what you wrote inside the road map.
That's what most of the developers do, they're trying everything to save their project and even asks help to other projects for any collaboration. Because that's how it works for most of them. They collab for the news that they can bring and make the project pump through it.

Otherwise, it's not just a simple collaboration for the token but for the actual use case which is even better and have a stronger long term for the token/project.

If token burning doesn't work, if partnerships and collaboration doesn't work. But if you are believing to your craft and goal of the project then just keep on doing it and proceed to what you just have to do.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
At this point you are the creator and beneficiary of this token, what will you do?

Nowadays, if you yourself are the developer or creator of the token, and if the coin you made is falling, it means that there is something wrong with what you are doing, because if you really want your token not to fall, you will find a way to maintain the nice community you have established in the field of cryptocurrency, right?

That's what others are doing; you need to be more strategic in marketing, and you need to be closer to the communities you have; make them feel that they need the token that you have, and they should see it as potential in the future, as well as what other tokens are doing in this industry.
sr. member
Activity: 1680
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Eloncoin.org - Mars, here we come!
At this point you are the creator and beneficiary of this token, what will you do?
You’ll have to do the same thing you would do if a company you’re managing is falling. Managing a crypto project isn’t so different to me. First, I’d say you figure out why it’s falling, is there something you have implemented that is making people lose faith in the project? When you figure this out, you have to think of different strategies to fix it. If maybe you didn’t go anything wrong and the project is falling anyways, you have to be open minded and look at new ideas which you can implement to build trust. Because people don’t invest in projects without them trusting that they will make money from it. And when it starts falling, you’ve done something for which they are losing trust/confidence.
hero member
Activity: 1470
Merit: 502
My suggestion is that maybe this discussion is not too suitable to be placed in the economy and would be better placed in the altcoin section.

For the topic of tokens, of course we have to look at several related projects in the end because after all this is important considering the current situation we actually understand that in the end with the current scheme of things projects or tokens are almost every day popping up and what I feel the situation remains the same where only one of the many existing ones might be worth it to be a benefit for us so it is difficult to find that in the current conditions where we certainly see a lot of tokens or coins that are carelessly made in the end die because they don't have anything interesting in them.

Actually, there is nothing that can be done because even they as developers know something like this will happen but they still make this in the hope that there is a profit that can be obtained later and indeed this method continues to repeat so I don't think we can do much for this kind of thing.
hero member
Activity: 1106
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Not Your Keys, Not Your Bitcoin
At this point you are the creator and beneficiary of this token, what will you do?

It depend on the type of he tokem/coin you are talking about. If you are a creator of a coin or a token with valuable mission and vision, you need marketing to push it but how they grow depend on how valuable the project is to people. If you create something that is unique and demanding, you don't even need to spend money on marketing that much, what you need is more adoption and partnerships with other projects that are already in the game, if you have something valuable they can gain, they will grow with you.

However, if you are the type of token the crypto environment has turned into, I mean the meme tokens, then I don't know what to say, just continue the lies as you started from the beginning because they don't have anything special to offer other than to lie to their followers and promised kinds of impossible things and once their bags are pump, they dump their bags and move to the next one.
hero member
Activity: 1974
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At this point you are the creator and beneficiary of this token, what will you do?
Large capital, establishing relationships with several wallet Dapps, carrying out promotions by launching airdrop events, staking programs that generate points, attracting large investors to make transactions and much more. Because what I noticed today's crypto projects, especially Layer2, require users to do farming or retro before launch. So basically large funding through structured stages will have a positive impact on a project and most importantly you must really be able to establish good relationships with the community both pre-launch and after by providing incentives. And what's more, the team behind this project is a team of professionals who already have experience in their respective fields.
hero member
Activity: 2086
Merit: 501
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I would cut loss if I am an investor, but if I am the creator I would try to build a stronger community to make the price stable, make promotion or publicity as well as make sure that the project has a purpose so that the investor would surely come.
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