What features should a good altcoin project have? - page 3.

pinoycash

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Quote from: tyr0699 on June 22, 2021, 08:12:05 AM

A good team of developers behind, good and legitimate partners, use cases, a road map on their website, also very important, a community. I also appreciate a coin that has a mission and a vision that make the token itself speak to people and also have a purpose that is beyond trading. I must admit that I fancy utility tokens. This for example is a project that really speak with me because of the way they are presenting their project and also has reliable partners https://bitcointalksearch.org/topic/--5344159

That's supposed to be the standard in crypto projects but most of the time they only showcase good website presentation but lack of team transparency or anonymous developer. So its up to you to do your own due diligence to research about the project itself

tyr0699

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A good team of developers behind, good and legitimate partners, use cases, a road map on their website, also very important, a community. I also appreciate a coin that has a mission and a vision that make the token itself speak to people and also have a purpose that is beyond trading. I must admit that I fancy utility tokens. This for example is a project that really speak with me because of the way they are presenting their project and also has reliable partners https://bitcointalksearch.org/topic/--5344159

wmaurik

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Quote from: albon on June 18, 2021, 05:40:46 PM

The features that a good altcoin project should have is that it has a professional whitepaper and an expert team, it has a roadmap that contains many goals, the project provides constant updates on social media sites, and there is continuous development.

Yes, that's true, but in the last two years there have been so many projects that falsify Whitepapers along with completely non-existent team compositions, this is what everyone is really worried about when looking at and researching Altcoin projects.

livingfree

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Quote from: albon on June 18, 2021, 05:40:46 PM

The features that a good altcoin project should have is that it has a professional whitepaper and an expert team, it has a roadmap that contains many goals, the project provides constant updates on social media sites, and there is continuous development.

There were projects that are constantly giving updates of their progress but there's no actual development.

I'll choose to have more development and just late in or don't give updates most of the time but very consistent in the development. Because updates are very typical by these projects through their social medias.

Or with their chosen channel to update.

albon

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The features that a good altcoin project should have is that it has a professional whitepaper and an expert team, it has a roadmap that contains many goals, the project provides constant updates on social media sites, and there is continuous development.

wmaurik

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Quote from: bamb on June 17, 2021, 12:10:17 PM

A good coin must be fairly distributed and it must be decentralized or be seen to be on a path to full decentralisation! The issue of energy efficiency in creation and operations of coin will be a serious consideration for investment and use cases going forward!

Yes, but the energy efficiency in coin creation and operation is often not in line with the plans that have been prepared by the team so that it is often considered a serious problem, which they must solve once they start making coins.

FanEagle

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Quote from: Rakeshten on June 17, 2021, 11:23:40 AM

The best project is the project who has good and hard working team, Active Community, Good Holders and Have some hype on social media. If you see any three qualities from these qualities in any project . Then must Invest your some money in that project I hope it will give you good profit. Must see the community if projects community is good then see other qualities, because the community is backbone of any project.

That is what I used to believe as well. A team that is honest, legit, hard working would be able to make any project a good one. However I realized that talent and money plays a huge huge huge role, probably the biggest role as well, sure others are still important but not as much. You can be honest, you can be legit, you can work 7/24 non-stop 10 people, but if you have zero capital to promote then your coin will not be anything at all, that is what I happened to the project I was checking out, they were all great people but they had no money so they couldn't do marketing hence the price dropped to insanely low levels.

This is why I do not invest into projects without checking the treasury address, usually there is a good amount but unless it has 1+ million dollars I am not investing there, I need to know the team is rich enough that they would help the project, a poor team means a poor project.

Meta anggraini

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Quote from: joaoenmanuel on June 11, 2021, 11:18:44 AM

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?

EOS, the community and the fundamental is really great. Also you can stake the coins to support the network and earn reward of it, so you can lock your coins for a long time.
The feature that will be great is EdenOS and Bullish Exchange.

rosebrand

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Yes your are right before investing in a project first of all check if it has a use case, make sure you know what the project is all about, check it's back up, check how active their community is and also how hard working there are in terms of pushing the project forward, but it's so bad most investors don't even make these researches there just invest blindly on new projects not even knowing what the project is all about and this is more reason why most investors get scammed and also lose funds while investing.

Princejebs

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Should have the features to stand alone during the bear market, must also be able to stand alone when the trend is no longer active because the new altcoins we have today are mostly built on hype of trends like the meme coins that has been going round this season.
They must also have a dedicated team and partnership with strategic partners.
The team must be transparent and not contain any form of lies and deceitful otherwise, that will mark the beginning of their downfall.

tvplus006

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The first thing I notice is how strong a project's team is. How actively they are working. What is the role of the team of leaders leading the project? How customers feel. I think a good altcoin project must have these qualities

The project team is one of the most important components when choosing an object for investment. I am sure that if you see such names as Vitalik Buterin, Gavin Wood and Andre Cronje among the team members or consultants, then you can be sure that such an investment is correct.

sr32703

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Eloncoin.org - Mars, here we come!

Lots of scam projet are available in crypto industry so always try to more analysis before doing invest. For knowing the features of good alts project you must follow their roadmap and their contributions into their related fields.

bamb

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A good coin must be fairly distributed and it must be decentralized or be seen to be on a path to full decentralisation! The issue of energy efficiency in creation and operations of coin will be a serious consideration for investment and use cases going forward!

wxa7115

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Quote from: joaoenmanuel on June 11, 2021, 11:18:44 AM

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?

It does not seem as if you are interested in the long term health of the project and you are only interested in making money, in that case then almost any coin could serve the purpose, just a reminder, investing is risky by nature and when you add things like investing in the market not really knowing what you are doing and using leverage then the risks multiply themselves many times over.

You are a newbie so I would not recommend you to begin investing in altcoins right away, begin the way most people do with bitcoin and then if you still want to invest in altcoins then you can consider it.

Rakeshten

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The best project is the project who has good and hard working team, Active Community, Good Holders and Have some hype on social media. If you see any three qualities from these qualities in any project . Then must Invest your some money in that project I hope it will give you good profit. Must see the community if projects community is good then see other qualities, because the community is backbone of any project.

BobK71

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Leading Crypto Sports Betting & Casino Platform

There are a lot scam project on the crypto industry. For the project to be successful, the project team must be strong and Skillful. The team must complete the work on time as per the roadmap and have a good product for the project.

[email protected]

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for a new project. I guess it has to do with their platform and product development.
Of course, efforts to get the best partnership will always be considered. I always see what projects they have partnerships with. for me this is very important.
with whatever innovation is most important, they have a real product that is developed with progress as on the roadmap that has been created.

ampu

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The first is their use case. This is very important because if you can't use it then everything becomes meaningless
The second is that the technology must be good, easy to use, long-term developed to be able to compete with other cryptocurrencies.
The last one is marketing. Every product must be marketed, without this step, it will be difficult for users to know and use.

sarmrakib

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Quote from: joaoenmanuel on June 11, 2021, 11:18:44 AM

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?

I think project need to have a strong concept and they need a clear road map .The project will need to have a strong development team and the activity will be done step by step .The recent hype on Defi and NFT .The project like chainlink ,Uni etc .Those have strong based and concept .So i think you need to follow the above things before you invest any project .

Rexler

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Quote from: joaoenmanuel on June 11, 2021, 11:18:44 AM

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?

The basic thing to look out for when investing is the use case of that coin, a coin that doesn't have a real use case which the community really needs isn't worth buying at all, because it won't survive the market pressure, aside that you should look to invest in projects that doesn't stop growing, meaning there's always something exciting coming up, projects that stop growing end up dying in the long run, but project with real use case and exciting road map keeps staying on top of the food chain.

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