Topic: Impact of mainnet in a project. - page 2. (Read 301 times)
If the project is big enough then mainnet is something that can drive good hype for the project, like I said it depends entirely on how good the project was before the mainnet, price surge will happen, if the project is not good enough it won't make a difference
Mainnet is the first milestone for a coin that is headed towards it's own blockchain. It's easier for project to raise a fund with a popular chain and later swap it to their own coins. This would be the only way forward after collecting funds for such project as they can't be involved in any blockchain based works and improvements unless they have their own chain.
No big impact on projects because of mainnet launch, very few surge in value because of their upcoming mainnet launch but after that the price goes down again, you want my advice? Forget mainnet and focus more on projects qualities
What is mainnet of a project?
Let me break it down this way - Simply put, the project/token stops using the "Ox..." address normally associated with ETH. On a deeper explanation - it stops being on the ETH chain, and forms its own blockchain.would add that this is valid for ETH tokens only, or ERC20, and other tokens could be launched on different blockchains, there is several on Stellar, Tron, NEO, EOS that are good, and also now BNB has a launchpad that could be used for new projects
indeed Ethereum was a pioneer in the industry and still has most tokens and some are very valuable, like Chainlink at the moment
What is mainnet of a project?
Let me break it down this way - Simply put, the project/token stops using the "Ox..." address normally associated with ETH. On a deeper explanation - it stops being on the ETH chain, and forms its own blockchain.Impact of mainnet on a project?
Well, apart from the bragging right of having its own blockchain, I really don't see much impact it has on value of projects. I say this because tokens which later had their own mainnets had value already before leaving their parent chain. And in most cases I have seen projects which started on their own mainnet not survive the market. I have a lot of them whose worthless tokens I am still bagholding.BTW, I hope the OP isn't asking because of the McAfee's token — GHOST, which is expected to have its mainnet this June.
What is mainnet of a project?
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Thank you
Mainnet can be likened to the blockchain of a particular project. One of the features of Ethereum blockchain is that, it gives new projects an opportunity to launch on its blockchain as a start, developing their products while getting ready to move to their own mainnet or blockchain or still remains on its blockchain if they so wish; this was the case of many projects today who have their own blockchain. Any platform moving to its own mainnet, its token will cease to use the protocol of the previous blockchain it was on (e.g ERC 20) and now uses it own, thus the reason why we see token swapping. Impact of mainnet is that, it gives the platform the opportunity to have control over their ecosystem while stating things that will help them grow. Another is that when mainnet is about to take place the token price will likely pump. In summary, mainnet is all about a project moving from one blockchain to its blockchain.
What is mainnet of a project?
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Most projects that are running on ERC20 smart contract are not on mainnet yet, not until they achieve their aims or become successful enough to build their own separate blockchain and go mainnet Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Thank you
Mind you don't go around looking for projects with upcoming mainnet launch so you can buy and hold hoping for some surge, you can easily get burned
Example of altcoins that launched their mainnets. TRX and BNB. Before, these two were running on Ethereum's blockchain through smart contract and that's why many of the projects before were building their own tokens through the help of Eth's platform. But because of the popularity of these projects and they became successful, they started to launch their own mainnets which means they are no longer part of Ethereum's network. They have their own blockchain and what's good with their progress, they can also now support other projects through their own network.
Quote from: https://academy.binance.com/glossary/mainnet
Mainnet is the term used to describe when a blockchain protocol is fully developed and deployed, meaning that cryptocurrency transactions are being broadcasted, verified, and recorded on a distributed ledger technology (blockchain).
When a project releases its mainnet, it's matured. Before mainnet, that project runs on another blockchain. It's like when you build your own house on your own land vs when you rent a house.
A mainnet is usually followed by a swap. If you forget to swap your tokens within a deadline after mainnet, you may lose them forever. In trading, tokens prices usually surge when it's close to the mainnet day. Below picture clearly describes this:
What is mainnet of a project?
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Impact of mainnet on a project?
Need some reviews and explanations of mainnet to understand it.
Thank you
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