Topic: Mistakes developers keeps making - page 4. (Read 937 times)
i don't care what developers of nowadays do with their projects if i am not satisfied with the features enough i will leave, we have gotten to the stage in crypto space where working product is a must for all projects, if your project is not seeing demands enough it will collapse
The most prominent of their mistakes that I see is they take a small Exchange for listing their token, so making the price of their token worthless. I wonder why they don't just take large Exchange, which makes their tokens high in volume. Are they underfunded ? even though they already have enough funds from investors.
Most project you find with all these smaller exchanges with volume are either the project itself is a scam and they are using it as an exit method for their investors, so they can look genuine to people, but blame their exit on failed project rather than seeing them as scam, while some projects uses it as means to stop dumping because it is when you get people to buy token from you that you think of dumping it, but in smaller exchanges, there is no way that you can get the volume to do so.Apart from these two intentions, a solid project have no reason to ever register on a small exchange because they know there Is no way they will get the volume or be seeing as childish project, but when it comes to bigger exchanges, people do respect most of the projects on them which they pay attention to more.
The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.
the future of their project by setting up long term plans and not just to relied with how the market will behaves.
Serious developers learned from how the situations comes out from the market and assess how to continue surviving even in the tough days like this.
The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.
Honestly I browsed project for over 2 hours now and all I have found were dead projects , dead volume , non-name exchanges but guess what ? Team still asking for patience when they already took 99% from the investors money and I'm wonder , how they could have this attitude ?
They ask for patience when they have 10$ volume in 24 hours and when you ask about development they even ban you ( discord ) or simply they tell you to wait for the CORE Dev to answer which never comes. 2 Projects attract my attention more than others :
Rupaya ( which I think they pulled an exit-scam recently as 1 exchange deleted them and 2 have blocked their wallets as no one fix their wallets leaving the holders with worthless coins with not a chance to sell them anymore even at 99% loss )
Galactrum ( who left the project into the community hands because they no longer want to develop the project because they have NO FUNDS, yet they took so much money when the project was founded ~3 mil $ turned into dust in 1 year ). Both of the projects should be investigated in my opinion alongside with the hundreds of another ones ....
Be careful in what are you investing guys ...be very very careful.
They ask for patience when they have 10$ volume in 24 hours and when you ask about development they even ban you ( discord ) or simply they tell you to wait for the CORE Dev to answer which never comes. 2 Projects attract my attention more than others :
Rupaya ( which I think they pulled an exit-scam recently as 1 exchange deleted them and 2 have blocked their wallets as no one fix their wallets leaving the holders with worthless coins with not a chance to sell them anymore even at 99% loss )
Galactrum ( who left the project into the community hands because they no longer want to develop the project because they have NO FUNDS, yet they took so much money when the project was founded ~3 mil $ turned into dust in 1 year ). Both of the projects should be investigated in my opinion alongside with the hundreds of another ones ....
Be careful in what are you investing guys ...be very very careful.
The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value.
The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
One of the frequently made mistakes by developers of a crypto project is poor team work. Although some projects have team members with great expertise in crypto, due to poor team work, these projects end up being unsuccessful. Projects like Libereum and Miracle TELE are classical examples. The downfall of these projects were due to the negligence and greediness of some members within the team.
I agree with this. There should be a proper coordination amongst the team members and should be dedicated in helping the product grow. I have seen many team members and developers doing nothing helpful to project. This wastes a lot of time and investors money.
I agree with the point above, where most developers do not make their project innovative and useful in order to attract investors to invest.
Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing
I think that the reason for listing on such small exchanges is only one - free listing! Or maybe they simply want to dump the price of their tokens Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing
1. Huge Discounts
2. Lack Of Solid Products and Ideas
Bad management is one of those reasons as well, because I have seen so many great projects with big potential, but they failed because of greed and false decisions by their management, everything can be ruined with bad moves.
The biggest mistakes developers make that leads to bad ending for many projects are
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Giving high discounts is the best way to attract investors so they are doing it but setting a high price and then giving huge discounts from it is just making everyone stupid.1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
I believe there is no more idea or projects can be discovered so all these projects were having different name from earlier projects and ideas.
Listing on big exchanges may not be an easy task even if they got enough money,because many exchange refuse to list a shitcoin.
I agree with the point above, where most developers do not make their project innovative and useful in order to attract investors to invest.
Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing
Especially when the listing on the market that does not have supply and demand, causing unstable and damaged prices make investors get a loss.
And it's true, it's all a mistake that the developer is often doing
The biggest mistakes developers make that leads to bad ending for many projects are
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
The competitive environment is a big deal for projects with all of which you listed up there. Many have ideas but coming out to see that someone has just implemented their concealed idea is a knockout already hence they just put up something to make few bucks.
The biggest mistakes developers make that leads to bad ending for many projects are
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1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already seen big profits.
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already seen big profits.
It is their marketing and they are allowed to do it, i don't see anything wrong on this but they must LOCK the token of those who bought at a discount price like pre-sale clients.
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2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
Lack of idea can be counted as in cryptocurrency, idea is the best thing to add in your project more unique and useful for the future is the one who stands up. but the working product? i don't think so it is better to have out one the token is already in exchange to give a boost on the price!
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3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
If they can't afford the best exchanges at least go to the average one and not to the market with no value or popularity! and then they can be on the best at later time once ready!
The most prominent of their mistakes that I see is they take a small Exchange for listing their token, so making the price of their token worthless. I wonder why they don't just take large Exchange, which makes their tokens high in volume. Are they underfunded ? even though they already have enough funds from investors.
why is no one telling the developers not to distribute the bounty tokens right away, isn't that a mistake as well? in fact the longer they keep it for like a year or two the better right?
some of the team do have a good idea and good product, they just can't release them while the market is in this bear condition. with good products, investors come naturally even if its just listed in the dex.
they give discounts to attract investors, we know in the midst of this sluggish market conditions they have to make a way to get investors this is one way.
I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
Aside from giving huge discounts and their lack of responsibility, most of the developers keeps everything in rush, they dont take their time to at least think of a solid plan on how their project will improve. Most of them are just thinking of an impossible plan just to showoff to their investors. Creating a project should be taking a lot of time not just for thinking but also in implementation of it and applying it into the project. I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
they give discounts to attract investors, we know in the midst of this sluggish market conditions they have to make a way to get investors this is one way.
I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
I think the main factor causing the project to fail is the absence of updates to the project.
for example an exchange project makes the same thing as an existing exchange and there is no change, so it is predictable that the project will not last long, because they are new and still have little trust from people.
so at least they have to make a new innovation when they want to make a project, don't make the same because it won't last long.
The biggest mistakes developers make that leads to bad ending for many projects are
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
2. Lack Of Solid Products and Ideas
Lack of working products and real use cases is why many investors are not taking new projects very seriously, no one would want to hold such tokens or coins for long, developers need to start working on how their project's token or coin will be very demanding throughout the globe
3. Bad Exchanges
Imagine new projects that make over millions of dollars in ico or ieo and end up listing on bad exchanges with no enough volume, what do they expect to happen?
Huge discount, yeah it should be not too huge that makes later investors lose interest to join the project, maybe 15% is the maximum.
if we are talking about solid products, we should see from what the benefits for the public. If it can be massive adopted by public, then it will be good.
exchanges, yes it must be a good and trusted exchange because we want to make sure that we can buy or sell our coins without problem later.
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