Is product important for a project? - page 149.

btc_love

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Quote from: manlyxman on March 14, 2018, 05:30:06 AM

A working product is very important for me when looking to invest in an ICO or a coin.

In fact that's one of the main things I look for nowadays, since a lot of ICOs are scammy.

unfortunately, scam projects spoiled ICO reputation. That is very sad

jaredl

member

Activity: 173

Merit: 12

yes. A ready made product is important for any ICO project.

It does show that the dev team is serious and really dedicated to making the project work.

But more importantly is to prove that the product has a demand.. no point making a product which no one wants.

It is important to prove the business case.. ie a product that is needed or a service that fulfils a gap.

manlyxman

newbie

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A working product is very important for me when looking to invest in an ICO or a coin.

In fact that's one of the main things I look for nowadays, since a lot of ICOs are scammy.

upisdown

member

Activity: 322

Merit: 10

Yes, ofcourse a ready-made product is very important and essential for ICO project, and all wish to invest into some product with great basics.

btc_love

member

Activity: 566

Merit: 13

Quote from: niteroy on March 13, 2018, 01:12:27 PM

Quote from: btc_love on March 07, 2018, 07:15:53 AM

Guys, how do you think, is a ready-made product important for ICO project?
In my opinion, it is, because it can show investors that the team is ready to bring huge results and has future plans.
As an example - KickCity, event platform where each user is rewarded for event promotion. You can try it today. More information you can find here https://medium.com/@kickcity_io/kickcity-public-beta-5aa66fafc5c7

Of course, a finished product, application, platform or ecosystem is important for a project that launches ICO. For many investors, the availability of a ready project for the project is an important criterion for choosing a project. By the way, it is these projects that are more successful during the ICO release and more often implement their plans after the ICO, than those with only an idea or "white paper". This is a good indicator that the team actually has plans to create a working product.

Agree. Because it is all about a product and future results. ICO is important, but it's just beginning. More important is what company will be doing after ICO stage

niteroy

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Quote from: btc_love on March 07, 2018, 07:15:53 AM

Guys, how do you think, is a ready-made product important for ICO project?
In my opinion, it is, because it can show investors that the team is ready to bring huge results and has future plans.
As an example - KickCity, event platform where each user is rewarded for event promotion. You can try it today. More information you can find here https://medium.com/@kickcity_io/kickcity-public-beta-5aa66fafc5c7

Of course, a finished product, application, platform or ecosystem is important for a project that launches ICO. For many investors, the availability of a ready project for the project is an important criterion for choosing a project. By the way, it is these projects that are more successful during the ICO release and more often implement their plans after the ICO, than those with only an idea or "white paper". This is a good indicator that the team actually has plans to create a working product.

loaddebitcard

hero member

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It is very important, it's the core of any project or ICO. But unfortunately we all are still cryptokids and pay attention mostly to beautiful front and not to what does the project really offer.

Gelesko

member

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Merit: 10

Well it is 50/50. Depends what kind of product you have, I am more inclined to an idea of the idea of a project. If you have an amazing idea of the project and make a perfect business plan for your audience\investors and you have a green light from them, then it is much more easier to present and receive investments from investors, as you got believed in your idea and your product will work. Whereas if you have a product, you shouldn't be looking for investors, as you are half way through on making a success or fail, that means that you failed with your product as no one is interested in and you can't sell it, you have no clients and your product is bad! So having a product is not definitely a success

Kizaki

sr. member

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CryptoTalk.Org - Get Paid for every Post!

Usually, most investors look for ICOs or projects that already has a good working product before investing. A working product means that only further development is the only thing needed to entice investors. Only further development is needed in such coins and active marketing strategy.

VampKing

copper member

Activity: 1050

Merit: 0

Why not? If a project work with a unique product, more and more people will attract towars the project.As a result the investment as well as the successfulness of the project will be quite sure.Anyone whoever is investing in a project will want to know about the projec's product that they are going to deal with.

contactmike1

sr. member

Activity: 672

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So native adv you've tried to make, but anyway, product is the most important thing for project, even more than marketing and team. A huge part of ICOs today does't have any ready product and people invest only in idea, this is risky way.

maryhansenn

member

Activity: 308

Merit: 10

The product is important. It is like asking "is the coffee good without the cup"? It is important to have a strong reason for your project

btc_love

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Activity: 566

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Quote from: Bokugo on March 13, 2018, 09:22:02 AM

Quote from: Rate on March 13, 2018, 09:07:59 AM

Product is one is the of key for the success of ICOs. Even though the TGE is success. ICO projects must need to deliver their promise or else they will die sooner. They will lose the trust and interest of their investors if they fail to produce the product.

it is very important because the production is the goods to be distributed. But there are many scams in the ICO market. Therefore, I focus on who presented this project.
We need to know which team is working on it, how the concept, how the marketing, the responsibility of the product. Because the team is a success asset when it can be implemented as well as possible ..

agree... marketing should be strong too

Bokugo

full member

Activity: 378

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Quote from: Rate on March 13, 2018, 09:07:59 AM

Product is one is the of key for the success of ICOs. Even though the TGE is success. ICO projects must need to deliver their promise or else they will die sooner. They will lose the trust and interest of their investors if they fail to produce the product.

it is very important because the production is the goods to be distributed. But there are many scams in the ICO market. Therefore, I focus on who presented this project.
We need to know which team is working on it, how the concept, how the marketing, the responsibility of the product. Because the team is a success asset when it can be implemented as well as possible ..

Rate

member

Activity: 62

Merit: 10

Product is one is the of key for the success of ICOs. Even though the TGE is success. ICO projects must need to deliver their promise or else they will die sooner. They will lose the trust and interest of their investors if they fail to produce the product.

Catch-22

member

Activity: 364

Merit: 16

https://crowdsale.network

Definitely! For the investors to put their money into a project, a solid product or services offered is very important. Imagine putting your investment into something vague, with product that will definitely sell or services that consumers does not need!

404edson

member

Activity: 308

Merit: 10

Yeah of course, it is one of the reasons where the investors based or observed. How the company or project trusted without any background or any output? It should be more appearance in any products that will cause of high volume of investors get interested to enter a promising ICO that leads everyone to success. The higher number of community the more probability to succeed.

Valuyet

member

Activity: 168

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Digital Wealth Management Platform

Product is indeed very important and valuable. It is the product that mostly catches the attention of the possible investors. Mostly projects with products proves there worth and legitimacy. Investors will probably go with projects with products to actually experience how it will actually work and how useful it really is. I personally would go into it if further research will prove its worth.

ciplut

newbie

Activity: 111

Merit: 0

product is the top priority, the team that handles a product plan must also be competent because if all that is fulfilled as well as the programs that are offered to the general public especially the investors then the investors will be flocked to plant their stake in the project

carrymentality

newbie

Activity: 140

Merit: 0

Quote from: BitandAlt on March 07, 2018, 07:41:10 AM

Having a good working product is definitely important, for one it brings more trust towards the project itself. Members will feel more comfortable with investing in a project that has an physical product. If a working product is not available, then a prototype or a demo is needed that will show how the actual product will work.

I agree. I think a project with a product has better chances of prospering than those that are only imitations of older concepts or products because people tend to support new ideas than old ones. That is crucial because there are so many projects coming out seemingly every second of the day, and if you won't find good ones, then you can be certain that your investment would just go down the drain because either it won't receive enough support or it will be a total failure.

Topic: Is product important for a project? - page 149. (Read 225018 times)