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Topic: Success factors of a project (Read 1004 times)

sr. member
Activity: 1236
Merit: 252
December 22, 2019, 12:43:39 PM
Keeping the project afloat helps teamwork and a well-thought-out plan of action. Otherwise, no way. You really have to work very hard to succeed.
Yeah, all projects need to work hard and we will have to struggle for its development and achievements so I think the most important thing is mutual cooperation between the system and the investors as it will help allot to make any system grow faster. Now day crypto has floating nature so it will rise and fall smoothly and we should also move according to it for our success in investment.
sr. member
Activity: 1652
Merit: 262
December 21, 2019, 02:48:21 AM
Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?

if you want to get financial support, then the project team must convince investors that tokens will have high liquidity in the market so that long-term projects will be very valuable and will always be supported. if from the beginning the listing doesn't get any volume at all, it will be difficult to get more financial support.
sr. member
Activity: 1190
Merit: 267
Undeads.com - P2E Runner Game
December 21, 2019, 02:25:41 AM
Just like you said the main factor for project success is finance, in my opinion a good project is the project leader dares to spend money on his project, not just rely on money from investors


the perspective of each person is different, even if the project owner does not spend money and if the project is managed properly, I think the project will be successful, it only needs development and the team is really serious and understand in doing it.
member
Activity: 139
Merit: 11
December 21, 2019, 01:31:10 AM
In my opinion, the team that works on the project is very influential on the success of a project because the designs and ideas they have issued must be in accordance with what they are doing, because now we find many projects that only provide false hopes for the followers so that many have felt disappointed with their performance.
Of course, a strong professional team is more than half the success, but also an important factor is a work plan that is detailed enough in time for coordinated work to complete all the tasks of the blockchain project.
sr. member
Activity: 1701
Merit: 308
December 21, 2019, 12:02:58 AM
In my opinion, the team that works on the project is very influential on the success of a project because the designs and ideas they have issued must be in accordance with what they are doing, because now we find many projects that only provide false hopes for the followers so that many have felt disappointed with their performance.
hero member
Activity: 1344
Merit: 502
December 20, 2019, 11:51:29 PM
A project's success can be determined by a number of different factors be it product quality, real world use case, liquidity, community, etc. and one of the most important factors is to evaluate its marketing strategy that is designed to help achieve adoption
sr. member
Activity: 1274
Merit: 278
December 20, 2019, 10:29:55 PM
in my opinion the main factor for the success of a project is from the team that manages behind it, dares to spend a lot of money for the development of the project and always works hard. maybe support is also needed and always provides events to attract investors. I've ever to see projects like that and they were successful.

I do really believe that no matter how bad the market status is, if the team working for the project is powerful and really competent, then the project will surely make allot of improvement and profits in the market. There is always a way on how the project could survived, but to take into considerations, it is the customers that really makes the project alive, so the main thing the team should focus into is how to make their customers and users continue using their platform despite of the bad market situation.
full member
Activity: 812
Merit: 100
www.cd3d.app
December 20, 2019, 10:20:58 PM
in my opinion the main factor for the success of a project is from the team that manages behind it, dares to spend a lot of money for the development of the project and always works hard. maybe support is also needed and always provides events to attract investors. I've ever to see projects like that and they were successful.

It's not easy to find what you looking for mate. Spending on product? That's rare cause most project I noticed is spending it on some vacation like MiracleTele, they dont bother listing in spite of raising a good money. Yeah they have product but only lasted for a while, not type of a good ICO. Project success depend on the factor of product and liquidity too.
with the existence of a real product can usually last a long time, moreover the product is growing and needed a lot of people, the project will also develop more. different from projects that only rely on trading from investors, of course, it will be more easily manipulated by certain parties

full member
Activity: 527
Merit: 113
December 20, 2019, 09:39:30 PM
in my opinion the main factor for the success of a project is from the team that manages behind it, dares to spend a lot of money for the development of the project and always works hard. maybe support is also needed and always provides events to attract investors. I've ever to see projects like that and they were successful.

It's not easy to find what you looking for mate. Spending on product? That's rare cause most project I noticed is spending it on some vacation like MiracleTele, they dont bother listing in spite of raising a good money. Yeah they have product but only lasted for a while, not type of a good ICO. Project success depend on the factor of product and liquidity too.
full member
Activity: 731
Merit: 100
December 20, 2019, 08:24:37 PM
in my opinion the main factor for the success of a project is from the team that manages behind it, dares to spend a lot of money for the development of the project and always works hard. maybe support is also needed and always provides events to attract investors. I've ever to see projects like that and they were successful.
full member
Activity: 994
Merit: 101
December 20, 2019, 06:56:21 PM
Many here say that the main thing is marketing, but marketing is just a tool that makes you believe that you need to invest or spend money on a particular thing or service.
Markenig is a manipulation. For example, you can take a bad project with an unsuccessful product and conduct an ideal marketing company that will make people believe that the project is promising.
What do we get in the end? Nothing, cheating investors when a project fails due to a bad product. The main thing in the project is the product.

I also thing that marketing is not a main thing behind a success project. Good quality product which really necessary for people, a great community, good quality team, trust able offer and choosing couple of good quality exchange for their product are main key point for a success project. With marketing you can earn a lot of fund but at the end of the line investor will leave and your project will be vanish which we can see maximum time now days.
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
December 18, 2019, 02:57:51 PM
Many here say that the main thing is marketing, but marketing is just a tool that makes you believe that you need to invest or spend money on a particular thing or service.
Markenig is a manipulation. For example, you can take a bad project with an unsuccessful product and conduct an ideal marketing company that will make people believe that the project is promising.
What do we get in the end? Nothing, cheating investors when a project fails due to a bad product. The main thing in the project is the product.
member
Activity: 645
Merit: 10
December 18, 2019, 02:51:55 PM
I also believe that in order to remain competitive in this market, it is necessary to have financial support. Like before to raise funds will not work. It is necessary to take care of this in advance.
legendary
Activity: 1890
Merit: 1537
December 18, 2019, 02:49:18 PM
Daily many projects are brought into the market with different ideas and background.
But the question is what makes these projects to perform well in the market. No doubt good technical support is too necessary to lead the project towards success, but even with good technical support and marketing many projects can't survive.
So what matters these days is financial backup or financial support. Before entering the market a project (or ICO) should have enough financial support to compete in the market even in worst conditions.

It's my own analysis so far in this altcoin market.
What are your thoughts?


Undoubtedly, the financial factor is important before entering the project to the market, and it is one of the reasons for the project's success as well, the smart roadmap that shows the right way in which the project will go and the plans that the project will perform on time, Also, the team that has experience and enthusiasm who accomplishes the tasks required of it on time and participates all the team in solving the problems they face in the project is a factor of success for a project.
full member
Activity: 868
Merit: 104
December 18, 2019, 02:35:21 PM
Project teams raise money by some means. However they never invest it in the project for its development. Thats a very big minus point. They should be open to spend it and make sure to make progress in their projects.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
December 18, 2019, 02:26:24 PM
Just like you said the main factor for project success is finance, in my opinion a good project is the project leader dares to spend money on his project, not just rely on money from investors
wrong if you think like that and what happen if the owner of the project does not have enough money to make the project work. They need to have investors and participants in an ICO or IEO. In this market, most of the new projects have no capital, so a lot of projects die because of lack of operating funding.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 18, 2019, 02:10:54 PM

The community and the factor to encourage adoption.

There are several projects that had succeed already but weren't used still, I think this is because the adoption is just too slow compare to the developments of projects in crypto. The technical aspect is just way ahead that the current generation doesn't learn how to use it because they stray to using facebook market.   Openbazaar for example is already a success but I don't see a lot of us using it but instead new developers are trying to compete and create another when they could just create projects on top of it.
I find natural that even if a project is good other developers are going to try to create a competitor if it has not gained huge adoption, in fact that is what it is happening with bitcoin, so far only a few million of people are using bitcoin at all, and while that is a great step compared to the number of people that used bitcoin five years ago the door is still open for any coin that is any good to surpass it.

The problem is that all of those other coins do not really have any kind of original ideas in order to succeed in their mission and it is why the bitcoin dominance keeps growing even if it's price is going down.
newbie
Activity: 6
Merit: 0
December 16, 2019, 11:25:46 AM
I would say, finance support and good agressive marketing can take new crypto team to success these days. You don t even need a decent track record or real people inside team; just money and advertising is enough.
sr. member
Activity: 1050
Merit: 252
December 16, 2019, 11:18:49 AM
Just like you said the main factor for project success is finance, in my opinion a good project is the project leader dares to spend money on his project, not just rely on money from investors
Yes. The developers who are willing to  take the full responsibilities to invest their own money inside the projects have a good value of success. Using their own investment teams behind will not let the project to fall without trying to lift it and bring progressive updates to attract more investors. With such actions investors who will notice this actions from the developers will take time to check and assess the best potentials of the project.
sr. member
Activity: 966
Merit: 274
December 16, 2019, 11:01:19 AM
Marketing is the most important for a new project. If they do a good job in marketing, their project will surely attract a lot of investors and easily raise capital successfully. In 2019 I see bullshit project without products, but they have a good marketing plan and their project is still successful.

In fact it is quite correct, because sometimes even though the project isn't really good enough, people are still pursuing to buy and avail that particular product, especially if a very well known person advertises it and promotes it too the public. But in most cases the problem occurs if the users or already experience what the product could do, if they see it is not fulfilling its goal, then they will not pursue it any more. Just like in most of the cryptocurrencies right now, we need to always to consider not just the marketing but also the beta testing of a particular project.
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