Topic: Reason why only few projects became successful (Read 5400 times)
To me most of these projects are not suppose to be a stand alone project in the first place, but what we see is that a successful project will have team and when one of the team member has an idea on a new feature to implement into the project to make it more successful, he moved away and launch a new platform. To me I don't see any project in the space now apart from Ethereum that has the chance of success
Thank you for this, most people or rather investors are yet to understand that a great project isn't one built on hype or by the recommendation of so called experts, but instead a project built by a team with vast experience in what they are offering. Thus, when this type of team comes together to build whatever they want, things will fall into place as the project will speak for itself which is backed up by its working products. In the same way, with the project being on the path to success, the community will grow tremendously while attracting the right investors.
One word, competition! There are many of them, but just few of them can be successful. There are many factors that can affect the project, in a good or bad way. Team has to be good, their idea needs to be great, they need to have strong community, supporters. They need to have a good start, and to be qualified for the job they are doing.
TRUST, still luck of trust from investors to new project coming in cryptocurrency.
Trust is just a word but hard to get once broken, and it is broken since a lot of ICO project were scammed.
I hope that this can be heal by this IEO now.
Trust is just a word but hard to get once broken, and it is broken since a lot of ICO project were scammed.
I hope that this can be heal by this IEO now.
Many con artists are in crypto space already and they are doing their best to steal from people by feeding them what they want from projects, stolen whitepapers and stole identities everywhere, lacl of regulation is really making these criminals walking free and they are making crypto looks bad to new investors
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Here you can find some reasons why most of projects are not successful:
- they are not original and just copy ideas from other existing projects;
- no vision
- team's members have zero experience in crypto/marketing projects
- their products/services have no real added value for users.
right, that some important points that need to be considered in seeing a project. some teams may be in a hurry to immediately run a project that they want to build, and it ends up not as expected. a strong and professional team will certainly have a broad vision and cover the needs that are currently really needed. it will create new ideas that have not even been thought of by others. things like that can also make the project easier for success. - they are not original and just copy ideas from other existing projects;
- no vision
- team's members have zero experience in crypto/marketing projects
- their products/services have no real added value for users.
Here you can find some reasons why most of projects are not successful:
- they are not original and just copy ideas from other existing projects;
- no vision
- team's members have zero experience in crypto/marketing projects
- their products/services have no real added value for users.
- they are not original and just copy ideas from other existing projects;
- no vision
- team's members have zero experience in crypto/marketing projects
- their products/services have no real added value for users.
basically they really want to make a quality project, and are supported by the experience of a team that has been tested to overcome problems that arise. by looking at the seriousness of the performance of the teams, the investors are interested, so there is a symbiosis of mutualism from various parties,
unfortunately these things are not owned by most projects
unfortunately these things are not owned by most projects
It’s all about transparency, great team , good support , and healthy community ! Any failed project must have missed any or some of these qualities ! Successful project have them all ! I always say that success has a path , no matter what you do if you know how to thread the path you will succeed!
Investment projects now are still not in good state. Investors are still afraid to join any ICO or public sales due to scam projects.
This will take more time before gaining the healthy community like before and i hope IEO will bring back things the way it use to be.
Yes, for a long time, the status of projects was not so good when fraudulent projects appeared and attacked investors, a long-term consequence is that investors are always afraid and do not want to spend more money on projects, besides, developers also feel depressed with the same situation. And of course, with such a low level of investment, the opportunity is only for projects with enough potential and convincing investors, people don't want to focus on junk projects, and that is why only very few projects can be listed and developed This will take more time before gaining the healthy community like before and i hope IEO will bring back things the way it use to be.
There are many factors involved behind the success of any project.A solid idea, a professional team and great marketing strategies. if any project with common idea is developed by even professional trades it may not achieve the desires success. No doubt a dedicated and professional team is required to build any strong idea and to make it reality. Many new projects lack all these factors, either those projects are not backed by any strong product or lack in professional development of the idea, even some projects fail due to lack of good marketing. Before choosing any new project to invest one should consider everything required for a successful project.
This is somewhat true, but it is not accurate. Although there are many projects that fail, there are other projects that may succeed without team members having participated in previous projects.
The ability and skill of the team are determined by the success of the project.
The ability and skill of the team are determined by the success of the project.
I was able to verify from personal experience that the team in the project plays a big role for success. Somehow I participated in one project and at the end of the company the terms of payment changed, payments were cut. When I asked the administrator why so? He replied that they were not professionals and had incorrectly calculated their strength, etc. At the moment, this project wants to conduct a token sale again, but already through IEO. I believe that this is a vivid example of a team’s lack of professionalism and, as a result, changing conditions and transferring the development of the project to the future. However, one thing pleases that the admin admitted that he and his team are not professionals.
Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all and this is why many projects that appeared to have good ideas failed in the end because they lacked the knowledge to move forward. Most of these projects too are also bringing what already exist in the crypto world instead of bringing something new and these are the reasons why only few projects with dynamics are becoming successful.
I agree that behind a successful project there must be an experienced developer team. New projects that emerge sometimes do not have an advisor or an experienced team in the cryptocurrency world so they cannot handle the complexity that occurs on the blockchain.
Besides that, the team will not be afraid even if the market still at the bear market, and they insist on continuing the project no matter whatever the market situations. They need to hard work for the project and to make their investor satisfaction with their project so they can grow big in the future. But unfortunately, not many projects can realize that, and they choose to stay quiet than to explain what is going on with their project.
The investor will not be comfortable with that because they need to know everything about the project so they could still support the project. The team should give the right information to the public, so they don't think that the project will scam them.
I agree that the developer team must inform investors of every project development because investors need certainty in producing the product. Without good communication to investors, a project can lose confidence and this is very dangerous for the prices in the market
Do you know why only few projects are dynamic and effective? They have genuine/pro teams and their Teams & Developers are experts with past experiences from other crypto businesses and companies in their pasts,when pro teams come together to build new ideas they will easily reach their milestone and become successful. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.
Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.
Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token
Many projects that are coming into crypto worlds are been built by teams that have no experience about crypto at all,this is why many projects that appeared to have good ideas failed in the end.
Projects with pro teams always have a solution to every problem they come across when development is ongoing,either in Bear Market or Not they always know what to do that won't affect their coin or token
easy to say but hard to find a valid project like you said. most projects are now almost like valid projects, in this case I'm stuck on the MiracleTele project, have you ever heard? if so, that's one example as you say ... they have a strong team, professional developers, quality products and even some other crew members look real. but in the end they embezzled investor funds as well as many prize hunters stuck in their exchanges.
projects with experience team members give the investors more confidence and trust in the project that's why they do last long and probably becomes a successful project.
To end it all , they are greed and looking for free money as usual for every one believe that crypto is a free money thing which has result in lots of project coming out everyday with no purpose or product to back it up , I still much believe in crypto power which will change the world and selecting the kind of project I buy and invest in even the ieo ones are most the shit .
Investment projects now are still not in good state. Investors are still afraid to join any ICO or public sales due to scam projects.
This will take more time before gaining the healthy community like before and i hope IEO will bring back things the way it use to be.
This will take more time before gaining the healthy community like before and i hope IEO will bring back things the way it use to be.
I don't know man, the few good projects that I am hopeful to be very successful because of the strong team has now left their teams or project to enjoy the money they have raised. There are still projects that keep on developing their project but they are not as good as the ones the once existed in the top 100 cmc. I will only consider a project successful if they translate in real profitable business.
This is very right, it doesn't really matter when a project enters the market, they can withstand the bearish market as long as they have a solid team (professional) with working ideas. Also with good community it can help grow the project giving publicity to the project.
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