It all depends too, this is a real working product because it is what people need, but it will also depend on the marketing strategy of the team behind it, if they have the push enough to create hype along with the real working product, it may really be worth investing in them, but if they don’t have that drive, and they don’t have the strength, you will see the product move no were because they are not the only one that is in the market with this product, they are coming into a market with very strong competitors and for them to be able to divert the attention of new and already existing users from those competitors must really take a great courage and strength from the team.
So, after looking at the project they are developing, I will also look at the team too.
Topic: If you could invest in a project with it's own hardware device, WOULD YOU? (Read 795 times)
November 01, 2019, 11:15:02 AM
November 01, 2019, 02:52:15 AM
Do your research before investing any penny in any project even if they are well known company cos if the idea of the project is not good enough to attract investors and big whales there will be problem, since its just a hardware its still fair to me, trezor and ledger can't keep leading forever
November 01, 2019, 01:06:36 AM
No, I wouldn't bother with a token put out by a hardware company. What's the point of it, exactly? The idea reeks of trying to emulate the scams that ico's pull, producing tokens that only make the devs rich. I don't think it's a great idea by any means.
If a company wants to make the next ledger, they can do it and not produce a token as a byproduct. If they want to make a token, they can do that without making a hardware wallet or anything else. There's a disconnect here that I don't understand and don't trust.
Ledger and Trezor are traditional corporations. What if the token were shares of a decentralized autonomous hardware company with an ecosystem that has a lot of potential to be profitable? In that case, there is certainly a purpose. If a company wants to make the next ledger, they can do it and not produce a token as a byproduct. If they want to make a token, they can do that without making a hardware wallet or anything else. There's a disconnect here that I don't understand and don't trust.
October 31, 2019, 06:55:51 PM
No, I wouldn't bother with a token put out by a hardware company. What's the point of it, exactly? The idea reeks of trying to emulate the scams that ico's pull, producing tokens that only make the devs rich. I don't think it's a great idea by any means.
If a company wants to make the next ledger, they can do it and not produce a token as a byproduct. If they want to make a token, they can do that without making a hardware wallet or anything else. There's a disconnect here that I don't understand and don't trust.
If a company wants to make the next ledger, they can do it and not produce a token as a byproduct. If they want to make a token, they can do that without making a hardware wallet or anything else. There's a disconnect here that I don't understand and don't trust.
October 31, 2019, 05:58:11 PM
It's really very interesting. I think that such a project will be useful. So I would invest in such a project. But only if it had a really working product.
October 31, 2019, 02:55:09 PM
I'd love to know more about this hardware device, since the info I can find is pretty limited still. I believe you could cold stake from this device as well, since it's Stakenet's own invention. 
October 30, 2019, 03:54:23 PM
What is the use of the token created for the project?
Lets say you have a device as a product of your company, you created a coin for it but what is the use of this coin in the system. If there ain't something to it like we still can use the devices without having a single coin then there is no purpose for someone to invest to the coin. But sure it the hardware product is useful they can use it.
It has a rather complex and fascinating ecosystem.
Its not a unique concept since there are already projects doing it. Though they don't have the hardware, they are still developing a software (wallet) with a hybrid exchange along with it such as EIDOO. There was a project that was even a scam which is like the ones offered by OP. Ecosystem projects were developed already, Volentix project I think is one. I don't know if this will still spark the interest of many investors unless they do have a better idea that ain't gonna be copied later on.
There are indeed other projects in this space that have tried to do something similar, but they got in over their heads and often failed to deliver. Judging from the test builds of Stakenet's upcoming wallet, I'd say they have a better shot of hitting the mark than anyone else I've seen.
October 30, 2019, 02:13:55 PM
If a hardware wallet should make a coin, I would definitely not invest in it because there would be little to no utility to the coin and the only thing they might be able to offer is staking, maybe distribute some of the profit to the token holders which would technically make it a security token anyways, but I definitely wouldn't look at it twice.
October 30, 2019, 02:06:39 PM
What is the use of the token created for the project?
Lets say you have a device as a product of your company, you created a coin for it but what is the use of this coin in the system. If there ain't something to it like we still can use the devices without having a single coin then there is no purpose for someone to invest to the coin. But sure it the hardware product is useful they can use it.
It has a rather complex and fascinating ecosystem.
Its not a unique concept since there are already projects doing it. Though they don't have the hardware, they are still developing a software (wallet) with a hybrid exchange along with it such as EIDOO. There was a project that was even a scam which is like the ones offered by OP. Ecosystem projects were developed already, Volentix project I think is one. I don't know if this will still spark the interest of many investors unless they do have a better idea that ain't gonna be copied later on.
October 30, 2019, 01:11:49 PM
At this stage in the development of the cryptocurrency market, I would not invest in such a project. There are already a lot of hardware wallets. But there is no one to use them. Until mass adoption of cryptocurrencies takes place, participation in such projects - it is simply stomping on the spot.
Stakenet's hardware wallet is just a tiny piece of their project. They work on Lightning Network dApps, which will be extremely convenient to use as a consumer, since it allows for unlimited transactions/s, and instant trading on their Lightning DEX.
There are like 3 very known hardware wallets, more on the market means more competition, which means a better product to the end consumer. That's a good thing!
October 30, 2019, 03:26:22 AM
taking part in the wallet hardware project I don't think is bad. Many wallet hardware projects are successful, but many more have failed and been abandoned. but if the features and uses really help us as asset owners, then many will be chosen to store investors' personal assets. Safety is also very important. Ledger, Trezor, Xeda are examples of successful wallet hardware and there may be new wallet hardware and more features.
I have joined in that kind of project before I forgot the name of the project but they have device that they are selling, I remembered that this device is a portable ATM I guess in which you can use this as a payment in which the particular token you can use is their token also. I would invest on that kind of project depending also of their blockchain technology since there are projects that still failing because of their platform. So for me the platform is very importatn, you can see that on their whitepaper, all of the information is stated in their whitepaper. 
October 30, 2019, 01:15:12 AM
taking part in the wallet hardware project I don't think is bad. Many wallet hardware projects are successful, but many more have failed and been abandoned. but if the features and uses really help us as asset owners, then many will be chosen to store investors' personal assets. Safety is also very important. Ledger, Trezor, Xeda are examples of successful wallet hardware and there may be new wallet hardware and more features.
October 30, 2019, 12:54:29 AM
What is the use of the token created for the project?
Lets say you have a device as a product of your company, you created a coin for it but what is the use of this coin in the system. If there ain't something to it like we still can use the devices without having a single coin then there is no purpose for someone to invest to the coin. But sure it the hardware product is useful they can use it.
It has a rather complex and fascinating ecosystem.
October 29, 2019, 11:34:05 PM
Ledger and Trezor would be both good examples, erhaps, if they would make a crypto. If the project would be functional and benificial for the investors, I think it would be a win-win situation for them. If the project won't be that much successful, to be practical, they would have something that they would be able to use. This might be a silly opinion, but I do really think that this is more likely to happen. So maybe I would be investing in such project if ever.
Well, I guess the exciting part here is that, Stakenet is not only building their own Hardware Wallet. They are building their own Lightning DEX, multi currency Lightning Wallet, and much much more. The Hardware wallet is just a tiny bit of their project, which is kind of cool
October 29, 2019, 03:44:45 PM
What is the use of the token created for the project?
Lets say you have a device as a product of your company, you created a coin for it but what is the use of this coin in the system. If there ain't something to it like we still can use the devices without having a single coin then there is no purpose for someone to invest to the coin. But sure it the hardware product is useful they can use it.
October 29, 2019, 03:36:32 PM
That's a good question OP and to be fair personally I think these wallet, especially most known two ones: Ledger and Trezor will do something similar of what you said. Maybe their plan is to make their wallet hardwares popular and then create coin and offer you cashback which will be on your wallet and you'll be able to use it after buying and starting using of your ledger/trezor wallet. Maybe something similar of this will happen and we will really see the real scenario and not only opinions stated there.
But also on another hand that situation looks like Intel/IBM/Nvidia/HP and similar brands running their own OS after making their products popular and working on windows/linux for a while.
But also on another hand that situation looks like Intel/IBM/Nvidia/HP and similar brands running their own OS after making their products popular and working on windows/linux for a while.
October 29, 2019, 03:15:32 PM
Ledger and Trezor would be both good examples, erhaps, if they would make a crypto. If the project would be functional and benificial for the investors, I think it would be a win-win situation for them. If the project won't be that much successful, to be practical, they would have something that they would be able to use. This might be a silly opinion, but I do really think that this is more likely to happen. So maybe I would be investing in such project if ever.
Well, I guess the exciting part here is that, Stakenet is not only building their own Hardware Wallet. They are building their own Lightning DEX, multi currency Lightning Wallet, and much much more. The Hardware wallet is just a tiny bit of their project, which is kind of cool
October 28, 2019, 05:27:18 PM
Ledger and Trezor would be both good examples, erhaps, if they would make a crypto. If the project would be functional and benificial for the investors, I think it would be a win-win situation for them. If the project won't be that much successful, to be practical, they would have something that they would be able to use. This might be a silly opinion, but I do really think that this is more likely to happen. So maybe I would be investing in such project if ever.
October 28, 2019, 10:45:03 AM
I would probably invest. Why are they not advertising properly though? People need to actually know about this. No matter how good something is if no one knows then no one knows.
This is miles ahead of most projects that offer nothing. This is an actual physical security device and it has its very own currency as well. Why don't people invest in this instead of the crap they run to? Oh wait.... That's right... This project is legit and doesn't promise instant profits and massive returns. People would much rather be lied to about how much the latest scam will make them and then invest in that.
How much can be gained from hyping up a product that isn't ready yet?This is miles ahead of most projects that offer nothing. This is an actual physical security device and it has its very own currency as well. Why don't people invest in this instead of the crap they run to? Oh wait.... That's right... This project is legit and doesn't promise instant profits and massive returns. People would much rather be lied to about how much the latest scam will make them and then invest in that.
True, wouldn't help much. Worked in 2017 (Many examples of this), but people have gotten wiser, and more scared to invest in altcoins during this bear market we're currently in.
Once it's ready though, I'm sure they will do everything they can to market this to as many people as possible.
Stakenet had a 450-day+ downtrend.
October 28, 2019, 09:34:15 AM
I would probably invest. Why are they not advertising properly though? People need to actually know about this. No matter how good something is if no one knows then no one knows.
This is miles ahead of most projects that offer nothing. This is an actual physical security device and it has its very own currency as well. Why don't people invest in this instead of the crap they run to? Oh wait.... That's right... This project is legit and doesn't promise instant profits and massive returns. People would much rather be lied to about how much the latest scam will make them and then invest in that.
How much can be gained from hyping up a product that isn't ready yet?This is miles ahead of most projects that offer nothing. This is an actual physical security device and it has its very own currency as well. Why don't people invest in this instead of the crap they run to? Oh wait.... That's right... This project is legit and doesn't promise instant profits and massive returns. People would much rather be lied to about how much the latest scam will make them and then invest in that.
True, wouldn't help much. Worked in 2017 (Many examples of this), but people have gotten wiser, and more scared to invest in altcoins during this bear market we're currently in.
Once it's ready though, I'm sure they will do everything they can to market this to as many people as possible.
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