Topic: project products cannot function properly! (Read 402 times)

Thats why I stopped taking part in bounties or ICOs that cannot provide a working product or at least an MVP, before the launch of their token sale. Because in the most cases, such projects are just collecting money and running away with it.

the product cannot function properly because the team does not have the support of investors so it is difficult for developers to offer their products in the market. And about Facebok, why are you so sure if Facebook Coins will succeed? and even I don't think all users will take part in it. Facebok coins cannot be compared to crypto, facebok coins are centralized coins and they focus on financial systems such as Visa.

The project developers have the key whether the work will proceed and continue to make progress, with finish product it's still in need for the team to closely patronizing the development and make sure that every support that the product can get will be maximize to keep improving and updating, the
team behind are the one who's responsible  in any directions the project will proceed, with how they will lift or forget the project will decide the fate
of everything.

It's a must to always assess the team who offers the project before digging in and show your support, knowing the team will adds up confidence to the project future success.

do not expect huge profits from every project you invest, sometimes the product does not guarantee that the project will succeed according to the road map. the most important thing in investing is how to manage your financial management wisely. and one more thing to not put your money into projects that offer big prizes because it's just a trick to attracting large investments in the market.

There are so many projects that actually started well, right from their whitepaper, well-constructed and they try as much as possible to follow the road map before they got hook along the line, and I wonder if it was the project money raised that was never enough to completely it or they just decided to give up on the project which I personally do blame the complete failure of the project on the project team because they fail to care about the continuation of the project.

Many of them do relent in their effort to push the project further thee moment they get the moment and the moment that they release it, continuation should be something that should be of a great importance to them always and there are things that should show for it which I am not seeing.

when talking about products, I think a quality product is a product that has a good function, useful services and the team cares about the continuation of their project. but now there are many incidents of project fraud and you need to be aware not only about the product but also about the background of the project team, because that will determine whether the project is successful or not depends on the project team and the developer.

The problem is that almost all projects are directed to the domestic market. They don’t have a service for the community and therefore most of the products do not work. Says here comes a coin from Facebook, it will work. Since there are a lot of people who will use it.

I believe that there are several ways to verify the legitimacy of a project team and some are listed below:

1. Try to convince the team to conduct an AMA via online video conference and ask questions including technical ones that
    are relevant to the project (If the team don't know what they are talking about especially with development aspects, then
    we could consider it as a red flag)

2. Research and verify their social media profiles especially on Linkedin and Github profiles - (for core developers) and assess
    if they are really who they say they are and try to see their previous activity on projects they have worked on.

3. Observe if they have good community management and if they are regularly interacting with the community via social media
    channels and see if they are always ready to assist on any concerns  of the community. (most legit projects often responds
    to the community's queries mostly in a daily basis and if you didn't get any response to one of your queries, then beware of
    this project).

4. Observe if they are posting any documentation or pictures of team activities (e.g. attending a crypto conference, symposiums)
    If none of these has been published, chances are the project is a scam.

The thing you can do is follow projects and test their execution, for example, I have been following a project called Lympo and not only they did everything they say they will, but there is something big coming up. There was a leak like here: http://boards.4channel.org/biz/thread/15515880
And there are some serious rumors that something big is coming

I really hope so  because Ethereum was the catalyst for 2017 also, they might not have directly have an impact on the altcoins market, but it created avenue for the ICO market because it was through Ethereum that those ICo came to the market and it was because of the influx of them that investors were trooping  into the market that time, and that is what we lack now, right now, we need something that will encourage investors gain and make them troop into the market and I think that Ethereum 2.0 should be able to do that, I wish that the release was going to be this year next year is looking too far for me, it would have been nice that they do that this month of September that we also have some projects too that are being released.

I agree with your opinion, the factor that influences the good or bad of the product in the project is the limited knowledge of the team. many projects have emerged and are moderated by beginners but I would not say they are bad. it's just that this project has strong support, an experienced team will produce good results, including products that will be liked by many investors.

You stated good facts, however in the case of a product not functioning properly it can be corrected if the team is really equipped for it. A team developing a product shows their level of seriousness, now if the product experiences faults along the way, the ability of the team is tackle it showcase their level of expertise. Also, with a good working product, the project will succeed in attracting more investors while making it partnership with most platforms easy. So I don't think a product not working properly will bring down a project because it's bound to happen, but in the case where the team shows less concern, then the project is likewise bound to fail.

but I have no doubt about the project product, if the project they launch offers quality products or functions, of course I will believe it, but the point you are saying is also true that the product is not a complete guarantee for the project's success. as in the case of the miracletele project they have products that work well on the market but instead they end up with fraud.

If a project team knows what they're doing, they should be able to produce a functioning product. Projects products determines their relevance in the market because without a product of wht use then is the project itself. To me functional product means the project team knows their job.

There are two major things that are very important in the life of a project and for a project to be fully successful, we must talk of project developer, team and the product itself, it is necessary for these that I mentioned to be up to standard and if any investor can be able to find this out of any project, then they will be rest assured that their investment is fully secured and they can expect to have a very high yield profit from it.

I just don't know why most of the developers that we have now are not helping matter and they are trying to kill the ICO industry by coming up with quack projects that are not attractive and are not quality enough to really create any meaningful impact to the world, we need projects that will shake the world like health sectors, and I know that government would be more interested in that.

Of course, if you are told about a product and given guarantees for its success, then this looks suspicious, especially now, when new and improved offers appear every day. I believe that if there is a product, it should be successful in the process of its use. It is then that users will be able to rate it and give it a rating.

And I have seen a lot of that and vice versa.
What I mean is, a product is there, it is working but it lacks support.
While others are having a great financial support while the product is still a blank.
Yes there is a roadmap but there should also be beta test of whatever the item is or an application.
If none, then why is it still being fed with a lot of money while those who achieved greatness in a small amount of money could make something better.
Just why?

Hype?
There are a lot to consider with this types of non sense.

basically the product is the image of a project. if the project offers a good product let alone can function well of course investors will be interested to put their money in it. and the question is how will the team develop their products? the key is that team and developer performance is very important in a project.

as we know if a project does not have a product of course investors will hesitate to invest there and vice versa if the developer cannot develop the product properly investors will switch to invest with others. Quality products will provide a great opportunity for project success.

This commonly happened in the crypto world.
So far, we may see the product of a project offers its real use case. However, in fact, they cannot work well. Delivering a product to be accepted in the market will also depend on some factors to be successful. They are likely the concept of the product, the target of buyers or users, the utility and easiness, and also whether the product can be used around the world. Actually, it also caused by how the community team can spread the benefits and works of the products so that many more people know about it and how to utilize and maximize it.

There are projects that already have MVP before their fundraising programme. So for you to invest in such project, I believe you would have first, by yourself used and tested if it is truly working or that it serves the purpose it is meant to serve. At least, that will give you the confidence that you have invested in a project with clear view of what to work on. If there is no MVP, then do not invest in such project.