Topic: What exactly does a good project needs. - page 7. (Read 1993 times)

Investors who keep believing in hype are going to lose eventually they will awake that they lose their investment unless they dump their share ahead of the others, but there will always losers in a pump and hype coin, investors should always look on platform and usability of the project, the hype will eventually come, projects with good potential will not just die easily.

Agreed that most projects that are legit have gone now. I saw some but not necessarily they are good. Problem here is lack of authencities of those new projects. There you mentioned that some have good community but the developer are sucks. Yeah I can attest to that, but I prefer a good developer who knows what are they doing cause more important here is the solid concept and not just a hype one with the community.

Unique ideas and transparencies are also important in every project. Like even you have already a project and community but there's still something in your project that already in other project and there's is much better.
Transparency too, you should let your community know what is going on like in the financial situation.

Good project always need partnership which brings trust to investors. Exchange, development and others things also could be done by huge money. By good funds new projects can show development performance. Only by partnership funds can rise easily even in bad cryptocurrency.

A good project is a package of innovative and unique idea, competent and experienced team, practical project, active and outstanding developer team and then a strong and supporting community adds to the strength of the project. If any of these things are missing the project is going to suffer and may end up as a failure.
The things and conditions that you talked about in your post represents bad situation of a project and investors will most likely end up in loss if they are holding the coins of such a project.

Unless there is no honesty and integrity involved in all the projects, there will be no good project that will prevail.  If the project will all depend on hype and false marketing strategy then it will be a lame project at the end. What we need now is a quality project so that we can win the respect and trust of the users and investors. What we need now is a neutral body that will be funded by all the incoming projects and will trim down all the good projects from the lame one. If there will be no corruption, I think this is possible.

Devs doesn't guarantee the ROI for investors. It's still the investors decision to risk money as they invest to a project that they want to. It is always something like that but the belief that has been built, whenever there's a newly built project, investors think that it's going to be an easy and instant money for them because that's how it was before during the bull market. That belief must break because investing to a project doesn't really have an assurance whether it's a poorly made or the one that has the potential.

A good project needs solid team who are tech savvy
A good project needs constant funds to back steady development and growth.
A good project also needs a good exchange. Ect.

I think a good project should not be devoid of these three keys and some others.

When you call them as investors then their goal will be making profits from it,so one who is smart will invest on hyped project and dump as soon as possible when it gets listed so just one time profit making intention.

Good project doesn't need to be profitable always.In long term eventually it will.

1) Constant proven development
2) Working product (which 99% of crypto projects doesn't have).
3) Great community.

These are the most important things, IMHO.

Blocknet was founded in 2014, and has everything above, more over they work on true decentralization through their DEX, and their decentralized oracle network.

A coin/token with an actual utility is a good thing, as it adds value to the overall network. There need to be a "demand" for a given project, in Blocknet's case it's service nodes (5000 BLOCK required), which makes it possible to earn passively through DEX fee's and other things.

This is just a guideline, there are TONS of great promising projects out there. Just do your own research!

Professional teams who are ready for the worst and at first introduce something very useful to the public, the successful of a project or the soon of a project all lies in the teams hand

In fact, you mentioned the most important issues. Project management (not just those related to crypto, but all) is a matter of team and vision. In this way, a synergy is provided as a team, community and project.

Contrary to popular belief, the team is not at the top of these important items. Because, as we can see from Bitcoin, it is not very important that those who started the project are visible. But it can be very useful if everything is objective and transparent. Unfortunately, there are things that project teams ignore. A healthy communication with the community is actually the biggest advertisement. There is no need to advertise on very famous sites, twitter phenomena. Sometimes even doing nothing can have very positive results. The most obvious example I can think of is DogeCoin. The community likes Dogecoin even without any reason. Maybe it doesn't work very well, but people love it.

I think that when the priority is given not to earn money but to advance and develop the project, both the project owners and the community will already earn money.

The ICO craze has enabled a lot of these developers to just march out on their own and start coding, make a website, answer telegram questions etc etc, all the while thinking that they are doing something truly unique. They forget that at the end it is a business and they need a product. A product needs marketing, advertisement and all that shit. Yet, the problem with most of these so-called undervalued, good devs is that they all think they are on to something unique. It is impossible for everyone to be a Satoshi or a Bill Gates and make a business from scratch simply on the basis of the novelty and brilliance of their ideas. The echo chambers of their telegram/ Reddit groups makes it all the more easier to fall for this narrative.

They all could do much better only if they used some business sense and actually invested in marketing their product, meeting potential clients and just run an actual business.

The hope that these can give returns on investments is bleak because everyone has their own list of the "under the radar, awesome project that nobody else knows about". This happens with everyone. Back when i was naive, i bought something called CarVertical. They were supposedly selling insurance reports on vehicles in the shitty parts of europe. I bought something like 30K of those at shit prices from a shit exchange thinking "What if this reaches just 1 USD?"   So everyone is waiting for those pumps that will never come. Most real businesses are moving on with whatever actual blockchain use cases are there.

Till the Alt-space gets a little bit more serious about itself rather than relying on the diminishing returns from doing cheap bounties and then doing pre-sales, hoping enough newbies will fall for the false advertising, its not gonna be possible. These projects, developers, bounty participants, Bounty managers, we all need to stop feeding on our own tails..

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.