Topic: Success factors of a project - page 7. (Read 1004 times)
A good working product, marketing and also the current market situation. I guess support from investors is not enough at all, the team has to be active in developing the project. I've seen a lot of project who had gained a lot of money in their funding stage and yet died eventually due to mismanagement.
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?
The more successful everything is, the more successful the project will be. There are factors that add value to the project such as being innovative, but it is not difficult to see the current situation. As the market expands, it becomes harder to survive, and that is what is happening right now. Even the IEO sale can be main factor that can affect the vision of the project. 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?
Some project idea are so good that they will surely drive the public attention and investors have the will to choose which one that will suit them, mind you some ideas are just experimental and won't do any good
I agree with your perspective about Funding is the key of success of project. But on the other side, project now a days are too general, not have a strong concept, inconsistent with their main Idea, all of that can be viewed by their Whitepaper and another prototype like MVP, etc.
I think you have a point though. Some projects just list their coin on exchange without any market makers to initiate trading due to lack of funds and since traders too are sceptical about investing in new coins, you would realize that the coin would eventually die due to no or low trading volume
Financial support is just one aspect of the whole picture. Project need to give us something, people behind should stay focus on the goals and not to be greedy and just go and developed for the sake of money, because it is very easy for them to get a project running but to scam people in the end.
Give themselves certain % of the tokens, and then it will be pumped, those people behind sell their tokens at the peak and then forget all about the project. So it should be a holistic approach and I do hope that project developers are going to be true to their words.
Give themselves certain % of the tokens, and then it will be pumped, those people behind sell their tokens at the peak and then forget all about the project. So it should be a holistic approach and I do hope that project developers are going to be true to their words.
The sad truth here is that only few good projects can fund their own, mostly ICOs are depending on the investors because most of them really just focus on the profit they can earn in that project.
Why they dont fund the project up to its success?
-easy because even them dont trust their own work and they also have a doubt that the project sometimes cant succeed even its good.
Unlike before way back 2017 I think, ICOs are few thats why investors can earn.
Why they dont fund the project up to its success?
-easy because even them dont trust their own work and they also have a doubt that the project sometimes cant succeed even its good.
Unlike before way back 2017 I think, ICOs are few thats why investors can earn.
Honestly, how about an actual project? 99% of these "projects" or ICO's are just some idea a few people had and now they are trying to take a kong shot at it and if they fail at least they made some money. You need a team that tries and keeps trying. Teams now just give up and nothing ever becomes realized.
There is very little of substance. What is really annoying and i wish anyone reading this would realize there sre good projects out there. Just open your eyes and look.
There is very little of substance. What is really annoying and i wish anyone reading this would realize there sre good projects out there. Just open your eyes and look.
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?
able to present a solid and tangible product to start so that investors are willing to give them financial support. the project team must be smart in managing the project being developed and responsible for establishing the project properly. 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?
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?
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?
Your right it will be best if they don't have to worry about the financial support and the best way to obtain this is to gather as many partners that they can get. Partners are the most influential factors in every project so there is a big chance that it will succeed.
Aside from that, they should focus also to their marketing and they should allocate good amount of money for it in order to maximize their audience and they can get huge numbers of investors. These are the two factors that I can say the most important one as good technical support or development team can be gathered anytime especially if you have stable financial support.
Financial support is very important in a new project that is run, if you have no funds at all then this project will not be useful, when the project will sell ICO or IEO the reserve fund must be ready because if it is not successful in the sale then the reserve fund is ready in use it for future market and product needs, but if the sale is successful then I think the product will be on the way well, because investors now see the project from development and look at the market when it's on the list right.
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?
Money is really needed, and its role is very important to make ICO successful. It's just that ICO projects must require developers and teams who are competent in their fields. Project management is very important for managing and maximizing finance. The current case is more towards financial problems, because investors are also less interested in ICO. 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?
The real function who can be use by many people in the future is really important to develop a project. On this day, there are a lot of project who can't be interested anymore by some investor and was leaved by their investor just because its function only applicable for a while or even they didn't have any idea to develop it again.
I'm sure sooner or in the future cryptocurrency will use freindly by human, because this industry is an innovation. You can imagine, the technological system has changed the assessment for many people now. They are changing the traditional system which I think it should be changed just because there is a solution which can make whatsoever humans do is becomes easy. So my conclusion is the success projects are they who can make a system becomes for human being.
I'm sure sooner or in the future cryptocurrency will use freindly by human, because this industry is an innovation. You can imagine, the technological system has changed the assessment for many people now. They are changing the traditional system which I think it should be changed just because there is a solution which can make whatsoever humans do is becomes easy. So my conclusion is the success projects are they who can make a system becomes for human being.
The only success factor that you'll ever need is the willingness of developers to deliver a working product. Satoshi created Bitcoin from scratch without any ICO funding and alone, yet today all these "teams" need millions to create some tokens and write some smart contracts. To me it's clear that in crypto field almost no one cares about actually writing code, they just want to grab investor's fund and then find a way to quietly disappear. So, they keep faking activity for months and years, while actually the project was a scam from the very beginning.
Like everybody says money can work for you. This statement is really working in the real world. Some projects are doing this enlisting on some exchange by paying listing fee even though their project has nothing to show or demonstrate. Most team have their own style but to tell you, I dont like projects only focusing on price tag. That's why before I joining or investing a project it took me a lot of time to review it, I will just do it if Im satisfy about their response.
I would agree if there are new projects that are beneficial. In the sense that the ideas they bring can be implemented in a product and the product itself is able to provide maximum functionality. If indeed the developer has done that, the next step is to find a way to get their marketing hype without false lure. Of course, all this can only be done by a solid and diligent team.
Aside from the financial support and the team behind the it, the product itself is one of the main features and reason for a success of a project. If you can notice, those projects that have a useful product like ethereum does with their contract platforms(erc20) makes it a successful one.
Projects with feasible objective can easily determined with their proposed whitepapers. But of course, financial support is highly needed to the road of success.
Projects with feasible objective can easily determined with their proposed whitepapers. But of course, financial support is highly needed to the road of success.
Practically, we all know that we need a complete financial and technical support. But the most important thing to success is marketing because we can say that this is the heart of every project or in every business because it is not only about promotion but to provide the needs and wants of consumer and users.
So the bottomline is the actual working product that will satisfy its consumers and users.
Without actual product, it is very difficult to market a hollow project.
Because if you have satisfied customers, they will always tell it to their family, friends or colleagues.
And word of mouth is one of the best marketing tools to expand the business.
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?
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?
The advertising makes the project stand out and be known by the public. If the project succeeded in catching the interest of the investor, it could aslo most likely gain his trust also as long as the project is legit. There are a lot of cryptocurrencies right now and some look like copy car of each other but if the project is unique and one of a kind, it will surely succeed.
Practically, we all know that we need a complete financial and technical support. But the most important thing to success is marketing because we can say that this is the heart of every project or in every business because it is not only about promotion but to provide the needs and wants of consumer and users.
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