Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
many teams simply cannot create a product without money, that is why they launch ICOs. but as a rule, they fail to raise money because investors are interested in products 
Topic: Mistakes developers keeps making - page 6. (Read 943 times)
Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
Of course, investors are much looking at those projects that have already a working product because that is only their assurance.Cause how we could give trust if developers will keep saying soon to launch and soon, soon. Promises is not what investors to see but to have returns with their money as they are risking for it, not just for losing.
Just an addition from my point of view, don't sell idea but sell the product. I mean don't open ICO when your idea still in the brain but open ICO when the product is ready or beta and you can think about next development after that. Because it give more trust to investor to keep their money to you. Investor need to know where their money will flow.
About the first point, I think that is a wise move. Since the team is looking for investors and they need some new investors and they need them fast, so in order to attract potential investors, they need to give such offers. But it can also go the other way around if the planning is not so great and they end up giving too much of a discount and end up losing the project.
this is all very easily solved. There are so many ways to limit yourself from losses and attract investors at the early stages. just problems happen because of an inexperienced team 
About the first point, I think that is a wise move. Since the team is looking for investors and they need some new investors and they need them fast, so in order to attract potential investors, they need to give such offers. But it can also go the other way around if the planning is not so great and they end up giving too much of a discount and end up losing the project.
1.The Huge discounts is not a problem if the project is having a huge demands aswell,although I'm pretty sure that these kind of "huge discounts" gimmicks is literally just a gimmick because it will only bring the price of the token to the ground meaning it will be all the same even if there's no huge discount.
I beg to disagree but it has been repeatedly proven that those project's who've offered huge discounts on their token sale - some of them even offered more that 50 percent discounting rate had triggered massive selloff by early investors once listed on an exchange and hurting the token price itself and its investors who had bought tokens at a regular price!
This practice evidently put the crypto industry fundraising activities such as ICO's in a very bad light and thus affected other projects who had promising ideas and technology to offer but weren't able to get the necessary funding needed to start its development and thus have been put on hold or have ceased to exist.
1.The Huge discounts is not a problem if the project is having a huge demands aswell,although I'm pretty sure that these kind of "huge discounts" gimmicks is literally just a gimmick because it will only bring the price of the token to the ground meaning it will be all the same even if there's no huge discount.
2. Lack of solid product and ideas is indeed one of factors as to why the project is failing but it's usually the lack of community or userbase to their products that makes the project failed, they got no userbase to get revenue from and ended up stuck in there can't grow to be bigger. That's why so many projects slowly goes bankrupt because they are running out of money from the crowdfunding and the have no userbase to get revenues from.
3. If a low volume is what considered bad exchanges I think a good project will definitely bring the volumes in instead of just taking advantages of the exchanges' volume and get carried on.
2. Lack of solid product and ideas is indeed one of factors as to why the project is failing but it's usually the lack of community or userbase to their products that makes the project failed, they got no userbase to get revenue from and ended up stuck in there can't grow to be bigger. That's why so many projects slowly goes bankrupt because they are running out of money from the crowdfunding and the have no userbase to get revenues from.
3. If a low volume is what considered bad exchanges I think a good project will definitely bring the volumes in instead of just taking advantages of the exchanges' volume and get carried on.
It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.
Such actions only dictating that the team is not really interested for listing the project, big discounts attracts investors a very positive sign for scammers to runaway with the funds that they'll be collecting from those investors who are not paying attention to do their research first. But instead, because of sweet promises they invested blindly and suffered after the introductory stage was finished. It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.
Greed is inevitable, but this is different matter when the team would offer huge token discounts - up to 50% which is more often causes the token price to plunge right away after being listed on an exchange because of discounted investors gladly dumping their big discounted stash!
To this effect, I've have never seen yet any project that gives huge discounts during its ICO that has never suffered a drastic plunge in its token price and effectively affecting its financial funds needed for development to continue. I would say this is the result of poor marketing plan and ultimately, a product of poor financial planning.!
It would be enough to make only one of those factors to fail the project. Even solid team members are making mistakes, but the biggest problem is greed, because they are making discounts to collect more money and are not willing to pay huge fees for a good listing.
Developers have the right to use any strategy they like to attract investors and this shouldn't be seen as what kills any projects, i belief that what kills project is lack of demands so the blame is still on the developers who build projects that people and investors don't want to invest in, investors are wise now and they only invest in projects that will always be needy by the public so there will always be huge demand
have you ever considered that it may not be mistakes but intentional?
take your points for instance.
1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.
2. Lack Of Solid Products and Ideas
that is not a mistake, they simply want the easiest rout to profit. so copying the same thing is easiest and doesn't cost anything. on the other hand innovating is expensive and takes a lot of effort.
3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!
1. Your point makes sense, good projects needs the discount plan as well to gain investors attention, it works for both sides i guess, whether bad project or good project they will still use the discount plan.take your points for instance.
1. Huge Discounts
they have to do it to get people the incentive to even bother with their garbage tokens otherwise they wouldn't even look at it twice.
2. Lack Of Solid Products and Ideas
that is not a mistake, they simply want the easiest rout to profit. so copying the same thing is easiest and doesn't cost anything. on the other hand innovating is expensive and takes a lot of effort.
3. Bad Exchanges
that is not even relevant. if a project were good then every exchange would beg to list it!
2. Scam projects will never deliver a solid product to back their scam project because it will cost them alot, as for me i like projects that have been in existence before they start using crypto, its different from companies that was built through crypto.
3. Have you seen binance exchange begging to list a particular coin or token? no matter how popular your coin is you still have to meet binance exchange requirements to get listed
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?
I have seen such a result of the project, the size of the collected fund, the announcement after the collapse of the bad exchange, not the flashlight, the product usages of the utility token they created, such a savvy developer. and thinking nothing but getting money that he did not have to deal with, so killing those developers is a huge discount to keep investors interested, should investors also think about why the size of the discount, not what they will pay which is great for small investments, but they also don't notice that because other investors have become greedy, the developer should simulate ETHEREUM for a few years of use and future use as the product usages are valued.
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 lack of working products and ideas are two of the contributing factors that will make investors ignore the project, every coin should be backed by a working platform or in-demand products, without it, the project will not stand this is very important for any coin that wants to get funded.
Yes, these are all solid reasons why the project lose its potential especially the lack of product. If youre a good investor you should alwaye consider a project with working product even they are still on their ICO stage. Dont pick a project that have focus more on token sale but if you ask anything about the details of the project they hesitant or divert the conversation to another topic.
Especially in a market that is less profitable like this. It would be safer to choose a project that has clear evidence of progressing according to the roadmap. Fundraising ran smoothly and was used as it should.In addition to the three important points already mentioned by the OP. there are other important things that developers should pay attention to, namely communication to form strong ecosystem niches. Communication and updates on project developments are very important to maintain investor confidence.
Yes, these are all solid reasons why the project lose its potential especially the lack of product. If youre a good investor you should alwaye consider a project with working product even they are still on their ICO stage. Dont pick a project that have focus more on token sale but if you ask anything about the details of the project they hesitant or divert the conversation to another topic.
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?
The real problem is everyone trying to be a developer once they realized that crypto currency could gives lot of profits and the capital needed for is minimum to none to develop a project.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 biggest mistake of developers is greed. They think they can throw some shit at people and they will throw money back at them. When it doesn't work out devs try to scam or say they were hacked or disappear with money. This is how many projects look and this is why ICOs have died.
The second biggest mistake is being shady. Using fake photos of the team or setting up fake offices. Being honest is one of the most important things when you try to build a new project.
The second biggest mistake is being shady. Using fake photos of the team or setting up fake offices. Being honest is one of the most important things when you try to build a new project.
At this first point, I disagree, because large discounts are not a compelling reason for a dump, I think the developers have thought of this consequence, they already have a way to handle this kind of thing, in my opinion it is stupid if the Project gives a large discount to investors then they suffer losses, like a person who is fishing but he is dragged by the fish.
in the second and third points I agree with you.
in the second and third points I agree with you.
I think all those reasons will fall into bad and poor marketing strategies. Because all we know that all that elements are all about marketing. All projects need a good and knowledgable developers to make your project successful because developer is the heart of every project so choosing a right developer is key of every project.
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