Cryptocurrency or Blockchain technology has the potential to
replace or disrupt big businesses.
I firmly believe Blockchain technology can play a huge role
in changing how things are done online and it can happen
without the general public knowing its Crypto.
So what is important in a project?
Useage - Something which will be adoptable by many, a real
world workable crypto solution or alternative to traditional businesses
Clarity - Making it clear what the project is about
Roadmap - A proper and realistic timeline for each step in the project,
not over-promising and under-delivering
Timing - being able to deliver each stage of the project on time
as per the timeline
Funding - Proper funding structure without somehow coming across
as being a scam project. I mentioned in a previous thread that something
like Kickstarter might work. Funding on a pledge basis!
Topic: What is the most important in a cryptocurrency project? - page 4. (Read 3436 times)
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
I think why not!What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
depending on the project manager is very widespread or not.
and I prefer a growing team and a sensible project.
To me it's definitely not about the team, it's much more important to have a good idea and to plan a well-thought project based on it. The members of the team need to be checked thoroughly if that is possible to do, but sometimes the project can be not really open about the people who stand behind. In this case, you need to rely on the information provided to you.
But you are wrong. It is all about the team. There are many cryptocurrency "projects" that have collected millions in their ICOs but have not made or released anything good yet because their team "sucks". Another example of a Bitcoin company that maybe has a bad team is 21.co. Remember them? After being marketed as the Bitcoin start up with the largest funding from VCs, what have they done? Nothing. They go to pivot after pivot until they will burn through all their funding.
Idea is improtant, but if there is no professional team any idea won`t be alive. And you should understand, that some ideas sounds good, but not all of them able to be done nowadays. And if ofcourse marketing and design are importand for those who want`s to pupm their money, becouse in two simillar project user will choose that one, which looks more attractive and smart.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
I would say they are both very important, however, I would prefer the small team for easier communications.
To me it's definitely not about the team, it's much more important to have a good idea and to plan a well-thought project based on it. The members of the team need to be checked thoroughly if that is possible to do, but sometimes the project can be not really open about the people who stand behind. In this case, you need to rely on the information provided to you.
I would say how "useful" there project is gonna be for real world usage, transparency and a good background team.. for example, I just heard about Dragonchain and was interested cuz its from Disney.. so I started looking into it.. Im not an expert but it looks pretty promising with a platform and other funcitons that could actually be of some real use to the world imo, but its pretty complex for me in depth... not sure I understand it all. What you guys think?
Product, product and one more time Product. 
innovation and real usefulness!
anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.
for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).
you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.
anything that you see that is succeeded is because they have had some usage in real world and that created demand for them.
for example when Apple created iPhones there was a lot of innovation in them. and there is usage for them too which creates the demand. people like having a small thing that has a ton of stuff in it they use (phone, camera, planner, internet, music, games, ....).
you can gather all the brains in the world and start a project but as long as that project doesn't provide anything that anybody wants it will be useless.
Thanks for your response!
That's also my personal opinion. I just have the impression that nowadays all the people bringing a project to ICO want to show how knowledgeable their team is to bring confidence to big or individual investor.
1. It doesn't matter whether the developing team is big or small. I've seen some amazing project conceived by 1 person. It the end it is all about the brilliance of a mind.
Adding more people to the team is not always a way to upgrade process of creation.
2. Trust, transparency and solid idea - these are core factors of every cryptocurrency project. We had enough of badly presented scams.
What we need is truly unique and meaningful - we don't need a coin which will be used by ornithologists or prisoners the idea is too niche. This is not the way.
Adding more people to the team is not always a way to upgrade process of creation.
2. Trust, transparency and solid idea - these are core factors of every cryptocurrency project. We had enough of badly presented scams.
What we need is truly unique and meaningful - we don't need a coin which will be used by ornithologists or prisoners the idea is too niche. This is not the way.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
i think if they were a small group only but they are capable to do more than a big group then why not? because i am in the project with only 6 people inside the project. but each of us have our own capability to do more things. i believe that if we are small group but we can work like a big group then in the end the project will work best and the group will grow from time to time.
Well, due to past experience, the icos and investments I have made were in projects that brought something new to the table and also presented it well. Sure ideas are important, but to me they are just a dime a dozen.
What really makes me unlock my wallets, is evidence that the company has presented the idea in a sense that explores it's full potential.
What really makes me unlock my wallets, is evidence that the company has presented the idea in a sense that explores it's full potential.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
No matter how many people consist of the project but if they are building a real one then why not support them for there cause? and also those big teams listed is unsure since we don't know if the face pasted there is real and not been photoshop.
But for all of this though much better if you go on the project who's been made by well known people on cryptocurrency industry so that you can assure that their project will became good.
I have read a post about it. It is a checklist to figure out whether it's legit or scam. All are previously mentioned, like, transparency, roadmap, background team, etc. I think questions like 'is the project idea new', 'is it really necessary', and most importantly, 'does it 'wow' me' and make me wanting to try it' should also be added.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
There is a quote "Two developers get work done in 24 hours,the same work would be completed by a single developer in 12".Not sure if you will understand it but the team size doesn't matter,the work progress does.Having a big team needs more employee management techniques than code management.Less team,less ideas,focused people. What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
Thank you all for the resourceful answers!
Microsoft was started by this team :
It was founded by Bill Gates and Paul Allen in Albuquerque, New Mexico and now Microsoft employ 114 thousand people worldwide. It does not matter how big your team is, they just need to spot a need and a gap in the market and they have to fill that gap with a good project.
Does that answer your question? ^smile^
It was founded by Bill Gates and Paul Allen in Albuquerque, New Mexico and now Microsoft employ 114 thousand people worldwide. It does not matter how big your team is, they just need to spot a need and a gap in the market and they have to fill that gap with a good project.
Does that answer your question? ^smile^
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
It's because Yahoo and snapchat have a goal and that is to became more successful for long time basis but we cannot really tell easily on wheter which cryptocurrency project will be last for long years since some of the coins are just funded for scam purposes but if you see some coins like few ICO coin running who have promising project and the people behind them are real one who's excellent background on online industry then it must be the perfect project to stake on.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
What is according to you more important in a cryptocurrency project between the idea and the team?
Transparency, real road map and white paper. What will be the reason that people invest to your crypto project? Is there something specific that project will be used in future?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
Yes, as long as they have experience for making a successful project, quantity doesn't matter but quality.
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
I see, so you have the answers now.
Hello all,
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
What is according to you more important in a cryptocurrency project between the idea and the team?
Would you invest in a project if there are only 3-5 persons or would you rather trust a big team?
I have those questions in mind when comparing other projects such as Yahoo or Snapshat. They were a small group at the beginning and grew over time.
The most important thing for me is to set realistic goals. When I see that some group of people with no background promise to revolutionize and disrupt some big industry and connect billions of people, it sounds extremely suspicious. Also it's important to explain in depth how your project will work and why it is good, rather than just spamming buzzwords like decentralized, distributed, blockchain, tokenize and so on. And in the best case scenario you would have some working prototype to present before potential investors to prove that you are able to deliver your project.
Very interesting! what would you choose between:
1. Good team having experience related to the domain, but with an unconvincing MVP: We can take the example of Monetha, for which there is no downloadable app although they are showing one in the video (Very similar to Jaxx...)
2. Young people with promising future and working MVP: We can take the example of facebook, at that time the application showed some good functionnalities but they were still at University
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