It's because many projects tried to raise funds for nothing but just to make money. They didn't even believe in their own projects, so the founders of those projects dumped their token as soon as they get the chance.
Some teams worked really hard, but they lacked experience, and didn't understand their product is useless if nobody uses them.
Topic: Reason why only few projects became successful - page 7. (Read 5419 times)
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
Do you think these pro team can help giving solution to the project?? I have seen many projects with a lot of expert advisors And not everything can be successful.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
Like Naga Coin (NGC) that one of the advisors is Roger Ver. But looking on the project now seems like it's not very successful indeed, but it's still good to follow.
Actually this is very true, the team goes a long way to determine whether a project will be successful or not in crypto space. Aside proffesionalism, another very vital aspect is genuineness of the team. Some team members will only do token sale and list on exchanges just to cash out at the end, without any intentions of developing the project. Forget what you see most times on whitepaper, some will even go as far as enticing the community with an MVP, with no plans of developing a working product. Once I see that there is no project development for a project I believe in, I take a bow since its not worth it.
Teams control the developments of the project and its development is the basis of the token's price. If nothing binds the team from developing the project, even if they are pros in doing things in crypto, soon they'd snap. But then of course there are real good developers. The problem as I see is that there is nothing that binds the team's wealth to the project, they can simply turn their tokens to USDT and then abandon the project, but if there is a contract that they can't do this or go out thru smartcontract they'd be force to develop the project to work.
Most of them have no real use case so this is the main reason they fail. The second reason would be that after they gather the minimum funds they don't care about the road map of the project so they start to spend money everywhere letting the community in a doubt. I lost the count of how many failed and I'm sure more will fail as there the numbers of projects with blockchain are increasing every day and everyone wants a pice from bitcoin.
This is the problem when so many people without a good skill in the blockchain development us interesting to get in the blockchain without any knowledge. not only they lack of professionalism and skill and majority of them don't even understand about how economic system works.
They don't even know about what is ICO and what is the purpose of that thing.
They don't even know about what is ICO and what is the purpose of that thing.
I think the team and community are healthy enough to make the project a success, because in the crypto era any ideas can be a way to build a new market
But asking for that idea has to be feasible and can be done. I have seen many projects with crazy ideas, and of course it can't succeed because investors can't trust the project. If you can do research on projects that arent scam but failed its because they lack the professionalism idea.
The above sentence actually gave your post credibility. The reason is that, some project are actually out to scam and that is why they must fail. If a project is not scam, they will employ great hands and pay them well to do the job.
in addition to a solid team, of course the investors also influence the success of the project. especially with stable prices and they don't dump. besides that the project must have such an important function and will continue to be used coins or tokens until now.
Do you know why only few projects are dynamic and effective?
Because not every field needs a blockchain. Most of the time people confuse crowdfunding and ICO. They think that blockchain is "a new tomorrow" or something that sounds cool (look, we have a cow milking industry on blockchain, to bad we have only 1 cow and old bard, but hey, you can buy our milk coin with 30% discount and become an early investor).
I think there are major reasons on why only a few projects have been successful right now (some were already mentioned in previous posts) and one of it is that most of them lack the necessary fundamentals needed to make the project a success. Moreover, the events that has unfolded during ICO days of 2017-2018 which resulted in the offspring of many scam projects resulted to potential investors being discouraged to take on the crypto bandwagon but on the lighter side, it has also resulted to a more experienced crypto-community who are often vigilant and most probably would only invest or support a more promising project that satisfied their criteria and rejected inferior projects accordingly.
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
The main strength of the project is its idea, which developers want to come up with and implement. Of course, the experience of developers has an impact on the popularity of the project, but it is not the main criterion. It is also very important whether the developers have a working sample of their project so that it can be shown to investors and convinced them to invest.
A huge plus is the participation of large campaigns in investing, they add confidence for smaller investors.
It depends because even a project do have a professional team behind and a great project plan or roadmap it wont guarantee 100% to be successful yet all things will vary or depend on the community itself it would be supported and with current situation of the market where hesitance and doubt is there you cant be sure if those will be tailed up by investors but somehow seeing projects that do have solid foundation or team behind is really a good indication that the project do have a chance.
I think the team and community are healthy enough to make the project a success, because in the crypto era any ideas can be a way to build a new 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
Firstly, there are many projects are made to scam investors. They just want as much investments as possible and doesn't work on the project.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
Secondly is the team - the heart of the project. A project will be success if there is a strong team with experience members.
In achieving the success of a project certainly influenced by several factors including organizational governance, project managers, project teams, project roadmaps, project partners and also what products they want to offer in the market.
especially the team's experience because this will determine that the project to be carried out can be managed by an experienced team. The experienced team is very influential on the success of the project, those who have long managed the project and have valid experience in the past certainly have a good background.
In addition partners are also very important because the larger the project partners, the more investors will join and the most important thing is that you always have to research before joining a project. Also make sure that they have an experienced team background and the products they offer are real.
especially the team's experience because this will determine that the project to be carried out can be managed by an experienced team. The experienced team is very influential on the success of the project, those who have long managed the project and have valid experience in the past certainly have a good background.
In addition partners are also very important because the larger the project partners, the more investors will join and the most important thing is that you always have to research before joining a project. Also make sure that they have an experienced team background and the products they offer are real.
not all depends on team but project that can run well because their products are really real and much in demand by everyone, in my opinion the failure of the project was because the team could not use the funds collected properly
The cohesion between the project and the team, their technology makes their projects develop actively and deploy projects, and they manage capital when mobilizing money when the market falls to The coin of that project is not much affected.
There are some projects that had decent teams but their idea didn't combine with the essence of blockhain technology. These project wanted to apply blockchain to real sectors of economy but failed although they hardly were scams.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
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
They don't actually have the solution to every problem but they do have the experience and expertise to stay calm, research on the problem and probably find a solution in the nearest time possible. Also as the team are made up of expert the community will have trust in them to solve the issue and not to run away with their funds, as a result the project will continue running while solutions to such issue like flaws in smart contract codes, new exchange listing, marketing for more audience etc is been researched on by the team.
A conclusion would be, 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.
Jump to: