Definitely number 1 thing. If they do not have a working app, you are gambling with the possibility they will never figure out how to make it happen.
But there were projects who didn't have a working product and yet they managed to figure it out once they got funding.... but that I would say is purely coincidental. So yes working product at least MVP is a must. My research on 120 ICOs showed that only 22 out of 120 projects had a minimum viable product in place when they launched their ICO. Quite alarming don't you think? In a real world they could forget about any type of funding.... maybe feasibility study grant from the government up to 50,000 USD, but that would be it. And yet they raise millions of dollars.
Help me to understand how the ICO investors choose and monitor the ICOs they invest in. If you ever invested in at least one ICO fill in this questionnaire (below). Our aim is to build community due diligence initiative to screen the ICO projects for the community and help you decide which project to support.
Topic: Is product important for a project? - page 53. (Read 225017 times)
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
For now online or real products are very influential on ICO projects because some investors prefer projects that have superior products to run at any time that many people use. this is due to the many projects that are not clear about the overall project details 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
I think it's important but the most important thing for a project. Product shows that the company is able to do something at all and it's not worthless.
Of course, the product is important. How can you invest money in a project that does not offer anything? the first thing that investors see is what the team can offer and what problems it can solve.
Of course it is. For me, it is actually the most important because it is the goal of the project. Without the product, the coin is going to be in the disadvantage and may not grow after its peek.
Products and tokens are a unit, there are no projects that do not create their products because without a product, a token will not attract buyers.
Is item imperative for a task ? The response to this inquiry is just yes . Since in crypto what you are offering is the real trick and the thought is simply the item, so the item is the center point for putting resources into any project.That is the reason great and experience financial specialist concentrate their exploration on the reason and value of the undertaking before submitting their cash on a crypto.
Of course it is. For me, it is actually the most important because it is the goal of the project. Without the product, the coin is going to be in the disadvantage and may not grow after its peek.
Is the KickCity project still alive? of course,the finished product is very important for the project and for investors - there are more chances that the project will continue to live and develop and investors will not lose their money.
Its certainly an or more factor if the item is prepared yet I would not discount a decent ICO on the grounds that it doesn't have an item yet.
In the event that the item, whitepaper and group are great, and if the guide is being tailed, I see no motivation to reject an ICO basically in light of the fact that it doesn't have a last item yet. A case of such a case is DIW Token who did not begin off with an item but rather have prevailing with regards to realeasing the alpha rendition of their item 2 days before the finish of the ICO
In the event that the item, whitepaper and group are great, and if the guide is being tailed, I see no motivation to reject an ICO basically in light of the fact that it doesn't have a last item yet. A case of such a case is DIW Token who did not begin off with an item but rather have prevailing with regards to realeasing the alpha rendition of their item 2 days before the finish of the ICO
Truly it is. Having a decent item implies a decent impact for any ICO. The item that is introduced by an ICO will be the reason for each speculator and in the commercial center, so every item is well thoroughly considered and examined before it is discharged available. That is the reason each item is essential in an ICO as well as in each business also.
There is nothing to be more important then a product for new projects. Coin can have a value for a while based only on community believe and without a product. But eventually, there should be real value of the project. It should solve real problems and business needs. No matter how well the project was advertised and how cool the team is, only the existence of product ensures that project has a future.
Projects which don't have a product will die and it will be rather sooner than later. Actually, we can observe it right now.
Projects which don't have a product will die and it will be rather sooner than later. Actually, we can observe it right now.
Of course, it is necessary and important for the project to have a working product.So now the only thing that matters is marketing and a good idea.
Yes of course, the product is very important especially when it is in the ico state. In this case, when an ico has already have a product, and a working one, most of the result is a early sold out.
Without good product Investing in ico project is insane.
Yes, of course the products in the ICO project are very important what determines the investors to join the ICO project .
Personally, i cannot invest in a project without a good product. The product from a project should be our present priority, if we truly want to have a worthwhile investment. Projects or coins without good products are the ones that would survive and bring in fast adoption.
I think product is actually important and valuable. It is the product that mostly catches the attention of the potential investors. Most projects with products tends to legitimate and worthy of investing on it. Investors would prefer to go with projects backup with products to safeguard their investment.
it's quite important, of course there are more important things in my opinion like the vision, philosophy, and goals of the ICO, but if you already have a product ready to show or make a demo is quite interesting, especially for potential investors seems like a great idea to have something in your hands that can be a model of the final product.
Yes, I think the product plays a key role in how the coin is to evolve , especially in this market , of course the project can raise money without a product, but the future will not be
Yes, product(s) or. Real life application is much important on any blockchain projects else may not succeed. In fact, I don't onger invest of any ICO that doesn't have any real life application or product.
Jump to: