The power of community is incredible indeed, they can make the hype around the project, and pump the price.
But the dev should have a good project too. Lacking quality of the project can causing other people thinks they are some pump and dump project.
Topic: What exactly does a good project needs. (Read 1993 times)
I see a lot people say community is what good project needs, but no one explains how to build one.
Imho, to build a good community, the project need to stand out somehow, be generous and creative by themselves. The idea is not so important, as community will hype it.
Name few good projects and communities. Lets try to figure out what lead to success together.
Imho, to build a good community, the project need to stand out somehow, be generous and creative by themselves. The idea is not so important, as community will hype it.
Name few good projects and communities. Lets try to figure out what lead to success together.
Community!
People behind it are the most important part imo. After the 2017 this shilling and promoting tokens is gone out. People are more careful now and with a steady community of happy traders you can acquire more into your base.
People behind it are the most important part imo. After the 2017 this shilling and promoting tokens is gone out. People are more careful now and with a steady community of happy traders you can acquire more into your base.
good team performance and development or according to the roadmap is a project that can get the attention of many people so that it is easy to register on large exchanges of course demand will be large and the price of tokens will definitely rise significantly
even if the team is a little behind the roadmap but it is constantly developing, this is normal, because now is a very unstable time on the market. everyone needs everything to be fast and successful, but this will not happen. everything happens step by stepIt is step by step process some times it will take time and some time they will develop which are not listed in the roadmap, that's we should choose the project which are actively working in the background and following their roadmap, firstly, the company shouldn't not forget their community because they will always help to drive the price whenever there is an update from the company.
As far as I know, there has been no compensation or at least an official guarantee from the developer for investors who have already invested their money into a project, but ultimately failed or for other reasons that the project did not go to the exchange market, so there is no guarantee for money back . That is why at the beginning of a project, the team must provide a clear picture of the compensation to investors, and more so to the participants who share the project on social media and forums. if not, at least there is a guarantee that the token from the project already exists and is already listed on the exchange market and it is real. so, potential investors already know the token and how to take the next stance.
The project must consist of good use case, this is the only way that the project can see huge demand from investors and again after use case another thing you must worry about is the team capability on the project, how they take things serious with the project will determine the results from developments in future
Some devs are good with project, but lacks community, While Some dev lacks good project, but their community noise can drive price to heights beyond a good project with lack of community can attain.
And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.
An example is the dynamite with several hypes and wins community vote almost everywhere, getting listed in several exchange, yet, no product, nothing just a lame project.
The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
And if you will agree with me many solid project have gone below radar because of that while many over hyped projects are being shilled endlessly.
An example is the dynamite with several hypes and wins community vote almost everywhere, getting listed in several exchange, yet, no product, nothing just a lame project.
The question is, would these undervalued, poor dev projects ever compensate investors in terms of returns on investment?
I hope to learn further more below.
For me a good project needs a stable, thorough, attainable goal or goals and a supportive following. Its crucial to have a following that believes in the project, your following can be the very people that would market you, and what better way to keep a following but to provide them a solid platform.
A good project needs an active community that believes in the team and project. Also a real-world use case and a working product with partnerships.
The project needs all of things that can push the project into the next level. It should be the combination between the team, community, exchange site product and many more. Exchange site is also something that can be forgot by the dev as it make the platform gets more adoption. 
Community driven projects will be successful in short term for sure because it is going to be listed on many exchanges so it will bring trading volume to the project but in long term that project has no use so investors will lose interest and find new projects.While the project with good idea will be struggling to get their coin on any exchange but if they keep developing their project one day it will be acknowledged by the community.
Community really promotes project but another factor is the team being transparent which is another reason for a project to grow and wax strong so it's not about one party but once an investor comes to any group and sees it active next investigation is to check the team and project use case before investing so active community matters alot.
Determined team with seriousness mind, I believe the real backbone of a successful project is the team, without a proper team work a crypto project will end up in a dustbin, apart from a very good utility teams must be very ready to take the project to higher step
So true 👍. A very good team, focused and determined to achieve the project aim with very good strategies put in place is truly what a good project needs. If a team has all it got, then they will understand that community interest is essential, hence they will strive to build a great supportive community. Also product development and marketing are not left out, these are vital areas a good team will also focus on.
Determined team with seriousness mind, I believe the real backbone of a successful project is the team, without a proper team work a crypto project will end up in a dustbin, apart from a very good utility teams must be very ready to take the project to higher step
good team performance and development or according to the roadmap is a project that can get the attention of many people so that it is easy to register on large exchanges of course demand will be large and the price of tokens will definitely rise significantly
even if the team is a little behind the roadmap but it is constantly developing, this is normal, because now is a very unstable time on the market. everyone needs everything to be fast and successful, but this will not happen. everything happens step by step The only thing that makes a project a better one is the team, no matter what a project possessed if the team aren't hardworking and brilliant the project will fail, team professionalism are the more important
On another view, the seriousness and the hardwork of a crypto currency project team have no effects on the project being a good project; A good project for me is judged on how valuable the product is, how widely acceptable it can become and finally how promotional the team is. A good project, with good product must take marketing very seriously.
It takes a whole lot of effort for a project to remain relevant and be seen as a good project. Most cryptocurrency enthusiast are concerned about the returns they get from the project, so a project who gives a good return can be said to be a good one, but there's much more that is required to maintain the title as a good project. The most important criteria for a good project is project development and real use case. This should be the major factor every project should aim at accomplishing and listing on a good cryptocurrency exchange is another great quality.
The only thing that makes a project a better one is the team, no matter what a project possessed if the team aren't hardworking and brilliant the project will fail, team professionalism are the more important
good team performance and development or according to the roadmap is a project that can get the attention of many people so that it is easy to register on large exchanges of course demand will be large and the price of tokens will definitely rise significantly
So, what do you prefer ? Devs with good project but lacks community or Devs with good community but have good project ?
It will be hard to obtain those 2 things for new project, except the project has some great figures backing the project.
For me, devs with good project is better because they can create the community if they actively engaging with social medias.
It will be hard to obtain those 2 things for new project, except the project has some great figures backing the project.
For me, devs with good project is better because they can create the community if they actively engaging with social medias.
A good project needs serious teams who are ready for anything, they must be professionals too to avoid any bad results, few dead projects once had a good utility but the team aren't experts that's what kill many old dead projects
Here are some qualities a good project has :
- Projects that aim to solve a real world problem
- Projects which can realistically solve that problem
- Projects that are proven to not be scams
- Projects that have a good and active (GITHUB) team that can actually deliver on those promises
- Projects that aim to solve a real world problem
- Projects which can realistically solve that problem
- Projects that are proven to not be scams
- Projects that have a good and active (GITHUB) team that can actually deliver on those promises
Jump to: