Is product important for a project? - page 5.

Mikcik

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Quote from: ololajulo on June 20, 2019, 02:34:07 PM

Quote from: ?? on ??

I do not look at projects that only promise and advertise only my idea, I look at a prototype or a finished product and if I like it or it is useful for people then I consider such a project for investment

Investors are more experienced and demand more from projects and their teams. Institutions introduction in the space bring a challenging environment for any idea with no sustainable product. It is easier for company with the track record of product in the market (mostly non cryptocurrency) to raise higher funds from ICO, they look like the only institution or team enjoying ICO now. They even raised this high fund in the shortest of time.

Yeah, investing in projects without projects is quite difficult for investors to think that this is a good project. So if they already have the product, they will be able to review it more easily. Otherwise it is almost a venture capital

chris_nor

sr. member

Activity: 256

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From personal experience it's important not to put too much into a project whose roadmap is far into the future. That was one of the biggest mistakes that I made, back when Bitcoin was around $500. Then your money is stuck for something that chances are won't be that successful.

Olatunjex

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So far the product is not an ordinary MVP, many team usually come up with an MVP in the name of thier product just to get many buyers, product is important but real product not MVP.

yslyv

hero member

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yes ofcourse it is important for a project. it is important and required to have productive projects in this ecosystem. but people unfortunately mostly focus on profit and money so production is not so common nowadays.

inge

sr. member

Activity: 298

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I then have a counter question. And why such a project if there is no product? The whole point of the product as for me and not just in the cover.

ololajulo

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SOL.BIOKRIPT.COM

Quote from: ?? on ??

I do not look at projects that only promise and advertise only my idea, I look at a prototype or a finished product and if I like it or it is useful for people then I consider such a project for investment

Investors are more experienced and demand more from projects and their teams. Institutions introduction in the space bring a challenging environment for any idea with no sustainable product. It is easier for company with the track record of product in the market (mostly non cryptocurrency) to raise higher funds from ICO, they look like the only institution or team enjoying ICO now. They even raised this high fund in the shortest of time.

cryp24x

sr. member

Activity: 1190

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Quote from: tracyhayley on June 15, 2019, 06:25:49 PM

If an ICO with no product, it's obviously a scam project. You must know what the product they are made before investing your money in some ICO. They must have some point and vision in their project. A lot of ico has abandoned their project and they become a dead project and scammed us.

I agree with this. All that a project offers were all considered as a product. Whether it is services or anything given to the users as long as it can provide a solution to a need, it will be stated as a product. We need to make a sale (investors) but we need to make sure that the product that we carry will really benefit all the users and will help everyone on their daily needs.

prof7bit

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https://youengine.io/

Quote from: OlegK41 on June 20, 2019, 12:35:55 PM

Of course it is important. This shows that the team is not only going to do something, but has already done so. When a team has a finished product they will gain more confidence from investors.

if you look, then in practice we will see that very few products are currently on the cryptocurrency market. The products are considered even a coin purse.

OlegK41

member

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Of course it is important. This shows that the team is not only going to do something, but has already done so. When a team has a finished product they will gain more confidence from investors.

Twinkledoe

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Quote from: Redemption59 on June 17, 2019, 03:27:07 PM

Product is really important for a project. Projects with products are categorized differently from those without. I prefer to work for a project with product over a project without project without product. I've experienced from my bounty work that projects with products even pays huge and its good working for such projects. Projects with product attracts more investors per my research too.

And if I may add, product which has been tested working and operational. A lot of projects are deploying their alpha and beta apps. I don't consider it as product already. Because they have the chance not to continue their development. I prefer to have a working app or product with active users already. With active users, you will see their feedback and know how their product is performing in the actual market. More users means the product has real use case also. Not just downloaded and installed just because they are told to do so as part of their bounty campaign. This is not a sustainable approach in the long run.

Jimscovlt

newbie

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Of course it's important. Because most investors first see their products. If the products they offer are of high quality, unique / attractive it is likely that investors will be interested in joining them. isn't it like that?

Redemption59

member

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Product is really important for a project. Projects with products are categorized differently from those without. I prefer to work for a project with product over a project without project without product. I've experienced from my bounty work that projects with products even pays huge and its good working for such projects. Projects with product attracts more investors per my research too.

mr_random

legendary

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The price of altcoins are rising silently but this healthy growth can be felt on the projects with real products. It is a real perform indicator for the investors who want to get in the project with rumor. IEOs are not worth more than old projects with real product. Long story short, I will invest in the project with the real working product than a project without it.

r32godzilla

hero member

Activity: 1361

Merit: 506

There are two options.
Most of altcoins are backed by a product, but we speculate that this product will be useful in the future, but in 99% cases that will not happen.
Second option is that, that the product is really used now and there is a high chance that in the future will be even more popular.

altcoinhunter01

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Yes, without product there is no value of any ICO project because no company can survive for a long time without any project and people never trust an ICO without project.

Bitfling

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Quote from: irixo10 on May 13, 2019, 04:35:25 PM

To me, product or rather working product matters a whole lot as it shows the level of experience and commitment the team have towards achieving their goals or that which is written on the whitepaper.
Working product will also make the team work hard so as to grow their platform into a valuable one thus getting more investors and users who will use the product as well as helping to grow the platform.

If our cryptocurrency want to adapted in our real life and use in real world, i think product is important thing. Investor will attract to altcoin that already finished their product and its working. It will create income for company and will be profitable for investor

asyakashi

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Quote from: tracyhayley on June 15, 2019, 06:25:49 PM

If an ICO with no product, it's obviously a scam project. You must know what the product they are made before investing your money in some ICO. They must have some point and vision in their project. A lot of ico has abandoned their project and they become a dead project and scammed us.

this is a big doubt for investors, because I know that most ico projects have no future. we just saw them disappear after getting the funds and successfully achieving soft or hardcap.
and the coins destroyed have no value on the market.

EmmaBen

jr. member

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Most people consider the backing of a project and what the project intends to achieve or accomplish. Most successful projects have a working product with often times, is a solution to a challenge. Such projects have substance and something that propels them. It is for this reason that such projects most times, turn out to be appealing to investors. Products are very important to the survival of any project and will always offer better attraction for investments than projects without products.

tracyhayley

full member

Activity: 652

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If an ICO with no product, it's obviously a scam project. You must know what the product they are made before investing your money in some ICO. They must have some point and vision in their project. A lot of ico has abandoned their project and they become a dead project and scammed us.

the rise

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Quote from: whyrqa on May 16, 2019, 02:33:44 PM

Without update project must be dead, update always come out product. Product is very important for project. After product people working towards to best of the best product. Even ICOs funds rise by presenting product demo like first alpha just for show then beta type.

Products are indeed very important for the project, but whether the product can increase the demand for investors because of the fact that a lot happens is not worth the price of tokens in the market even though the product is going well so that only FUD can increase demand in the community and investors,but platform updates are also usually very influential on the development of prices in the market.

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