What features should a good altcoin project have?

zaim7413

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Quote from: indah rezqi on July 09, 2021, 05:53:07 AM

It seems you don't understand what I mean. What I need to emphasize is that what I understand from
joaoenmanuel is a good Altcoin project according to him to generate profits. So my answer to the question is to put forward positive thoughts and study first before making a decision to join. And I myself also said what exactly I have (lack of knowledge about cryptocurrency world).

What you say doesn't seem wrong because it's an initial suggestion for everyone who wants to join a project promoted by someone they don't know at all, so what you said above is very true in my opinion.

ZaraCB

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To find a good altcoin project is very difficult. A good altcoin project should have some criteria such as
1. A clear roadmap of the project.
2. A real team
3. Non plagiarized Whitepaper.
4. A good rating or ico review
5. Associated with exchange site.

noormcs5

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Quote from: TopT3ns on July 07, 2021, 07:50:05 PM

In my opinion, there are quite a lot of projects developed by altcoins but the percentage of project success usually occurs on platforms that develop exchange sites because there everyone can benefit and of course when the project is run well it will grow to be big.

I think if a team is committed, they could make any altcoin project a successful one but in most of the cases, the team is only interested in earning quick money. If the vision is only to earn money, then the team won't focus on project long term success.

TopT3ns

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In my opinion, there are quite a lot of projects developed by altcoins but the percentage of project success usually occurs on platforms that develop exchange sites because there everyone can benefit and of course when the project is run well it will grow to be big.

panjay

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From what I observed was a cult-like following who defend the tokens no matter what, xrp,ada,link have a cult like following and have a decent pump in this cycle. The token got bash at media social the cult will defend and still buying their own token, still exist in next cycle.

Text

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For me, if you are into gaming like these play-to-earn games and NFT you will be interested. If you only knew the top blockchain game so far. So you can get your capital back or invested in a short period of time, maybe 1-2 months is enough. You should also know the true purpose of a project or platform, you are assured when many are active in the community and support it.

CaptainDeFi

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Quote from: joaoenmanuel on June 11, 2021, 12:18:44 PM

When starting an investment we should evaluate the altcoin project very well. Investigate if it have use cases, what the community is like, the rewards system and what initiatives it is developing. Which altcoin project in your opinion do we have to get involved with to make a profit y why?

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Questat

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Quote from: wmaurik on July 08, 2021, 03:35:06 PM

Quote from: ?? on ??

In my opinion, altcoins provide features that are useful in the real world for many people, such as security, economy, environment-friendly, fast and have good innovation and progress.
There are so many altcoins nowadays, you can choose old proven projects. It's more profitable

Yes, and don't forget to always choose old Altcoins that already have real products and use cases that are really useful in all societies because such Altcoins will not die easily and always have good potential when the market goes bull.

But to tell you that not all old coins are promising and it was not the basis in choosing which altcoins to invest instead, we have to look at its current market trend and volume because in that we way we can simply think what would its possible trend in the future. I believe that those coins who already have a working product will able to compete in the market but this will not sure that everything will be meant so good and profitable.
But for me, I mostly choose those altcoins that have been in the known and reputable exchanges aside from what you have mentioned.

indah rezqi

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Quote from: isaac_clarke22 on July 06, 2021, 03:53:42 PM

This is one of the problems that investors tend to have when it comes to crypto investment. They somehow need to be a bit knowledgeable enough to how blockchain works.
One team would just claim that they are good and the project their making would be futuristic by throwing some random technical stuffs.
It is like saying that you claiming that you can build website using HTML, CSS and JS without even proving that you can write codes from those languages and they would believe you.

It seems you don't understand what I mean. What I need to emphasize is that what I understand from
joaoenmanuel is a good Altcoin project according to him to generate profits. So my answer to the question is to put forward positive thoughts and study first before making a decision to join. And I myself also said what exactly I have (lack of knowledge about cryptocurrency world).

2tang

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Quote from: Kiley33 on July 08, 2021, 02:29:57 AM

The vast majority of altcoins come from clones of Bitcoin source code. The most basic thing about altcoins is to be listed on exchanges and get strong support. Let's take a look at his technical team. Is the technology mature? How long has this team been exposed to cryptocurrencies? Whether you have experience or not, will you give up halfway and stand out among many altcoins,,

Yes, I slightly agree with what you say because the main source of cloned Altcoin code is Bitcoin so that it can give birth to many Altcoins where they all have to compete with each other in the cryptocurrency market every year.

wmaurik

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Quote from: ?? on ??

In my opinion, altcoins provide features that are useful in the real world for many people, such as security, economy, environment-friendly, fast and have good innovation and progress.
There are so many altcoins nowadays, you can choose old proven projects. It's more profitable

Yes, and don't forget to always choose old Altcoins that already have real products and use cases that are really useful in all societies because such Altcoins will not die easily and always have good potential when the market goes bull.

RealMalatesta

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Quote from: Renampun on July 07, 2021, 10:28:11 AM

if I want to invest in a new crypto project then the main thing I supervise is the team and also their concept...

To be honest, currently, there are hundreds of crypto coins that have good potential but are not have interest in the market because of a lack of marketing and there are also crypto coins with excited marketing teams but end up scams. For me, these two things are very important and become a reference for investing.

Lately I have seen way too many times when a good team that didn't want to scam anyone just end up failing. I used to believe that team matters the most as well but turns out the team being good people who are legit and not scammers is not enough, even concept being awesome is not enough, because you could have 10 amazing coders, 10 amazing designers and some marketing or moderator and what not type of other stuff with it and you could still fail. This is why I am not entirely sure if team is enough.

There is this "viral" thing that is going on where a coin goes viral and suddenly it becomes very valuable, doesn't even need to be a great coin, it could be some bad copy cat and it still goes super high if it goes viral. I do not know what makes something go viral, but without that there is very small chance any coin could be in top 20-30 even if has amazing creators and superb idea.

perfect999

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Quote from: BaeSuzy on July 04, 2021, 06:33:01 AM

I think the best projects to earn a ton of money are still blockchain, defi and NFT. But it all depends on your investment profile, if I think it's suitable, it's not necessarily the same for you. So it all comes back to the risk profile of each investment.

All the projects are built on the blockchain technology so it's not a specific project but a technology, that is blockchain.

Quote from: indah rezqi on July 06, 2021, 12:41:44 PM

Choosing a project before making a decision to join is very appropriate. More clearly, I myself still don't really understand what kind of project is right for me to join in the hope of benefiting from it. One of my considerations before joining was to learn about its purpose and who manages it. On the other hand, I always put a positive attitude towards all projects.

I have a polar tendency as compared to yours. I always look at every project as if it's existed to scam (unfortunately been scammed many times, so have to go this way) and then I start my research like what are the fundamentals of the project, who is behind the team and what are they looking to achieve and whether what's being talked is realistic and achievable or just being lunatic in their approach.

There are many things and it's not possible to list them all but if you can do a rough fundamental analysis then you don't have to do much else.

Kiley33

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The vast majority of altcoins come from clones of Bitcoin source code. The most basic thing about altcoins is to be listed on exchanges and get strong support. Let's take a look at his technical team. Is the technology mature? How long has this team been exposed to cryptocurrencies? Whether you have experience or not, will you give up halfway and stand out among many altcoins,,

carrigan

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There may be several criteria that can influence a good project.
However, I personally will think about:
- The real team with experienced and professional members (clearly stated in the website and also social media, not the fake one).
- The real use case of the product to be used and that is available to be used for community
- Active in the social media and other promotion
- Getting partnership with popular merchants or other institutions
- Listed on middle and top exchanges

pixie85

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For me it's an idea that counts and if they have features that disqualify projects in my view.

Premine, centralization, copying or forking another coin. This things mostly disqualify a project in my eyes but there's more like a fake team or an anonymous team, how the site is build, are they paying for reviews and articles, are there any known scammers in the team... There's a lot of stuff that I look at and I never invest in new projects. I always give them some time to get listed and such.

isaac_clarke22

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Quote from: DarkDays on July 07, 2021, 03:01:59 PM

~

I had seen some Github repos that are active in the first few days of the same month, then there would be little to no activity with the upcoming days.
Though I wouldn't consider Github repos to be the only thing to look at because I could just erase whitespace and do a push it to the repo to add to the activity.

DarkDays

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Quote from: dezoel on July 07, 2021, 02:49:42 PM

Quote from: Mihawk on July 06, 2021, 02:10:32 PM

I think a good project should have a committed team no matter if it's a contracted or volunteer team, updates and facilitation for users regularly. To facilitate whenever possible the use and understanding of the project for people, a strong community can't be lacking either, because this community will be the basis for sustaining prices or even support for the project to have the strength to move forward.

As much as the team is important for success I think you must also verify that the team is not fake and the members and faces put on the website are actually working with the project. I have seen some stolen whitepapers and fake team members listed in some projects and talking about WP, read it carefully before putting a penny into the idea.

There are 3 things mainly to consider while investing:
1) Whitepaper
2) Team
3) Idea and longevity of the project

Just to add to the main 3 points above, investors and partners list, product development stage i..e is there a prototype in place or will everything need to be made from scratch, how experienced the team is and what relevant projects have their worked on, is their Github repository public and available for anyone to see. I'd also look at the social media side, do they have strong marketing, do they have a CMO already or do they have to hire one. All of these are indicators of a project's ability to perform and sustain itself long-term.

dezoel

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Quote from: Mihawk on July 06, 2021, 02:10:32 PM

I think a good project should have a committed team no matter if it's a contracted or volunteer team, updates and facilitation for users regularly. To facilitate whenever possible the use and understanding of the project for people, a strong community can't be lacking either, because this community will be the basis for sustaining prices or even support for the project to have the strength to move forward.

As much as the team is important for success I think you must also verify that the team is not fake and the members and faces put on the website are actually working with the project. I have seen some stolen whitepapers and fake team members listed in some projects and talking about WP, read it carefully before putting a penny into the idea.

There are 3 things mainly to consider while investing:
1) Whitepaper
2) Team
3) Idea and longevity of the project

NicNacCoin

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Quote from: Review Master on July 07, 2021, 02:14:15 PM

Quote from: regitjule on July 07, 2021, 01:25:13 AM

I pay a lot of attention to the liquidity of the coin, a lot of coins have no liquidity.

If projects are listed on cex or dex, than that's the best thing to look at. Without liquidity, there is still a great chance of becoming a scam project as well as team could easily rugged pull that. On the other hand, few projects are having fake liquidity or trading volumes on cex by the team which is dangerous for investors. So, we need to be careful about those fake projects which are having liquidity but don't have any usecases, IMO.

A lots of cryptocurrencies projects in dex and cex that's have not enough liquidities. Due to not have enough liquidities, projects turning into shit projects.

Topic: What features should a good altcoin project have? (Read 1041 times)