The project should cover a real world use case.
There are already hundreds of projects which don't cover any problems. The only reason why they exist is for p&d.
If the project can solve a real world problem, it is highly likely that this token/currency will get adopted (by mainstream).
Topic: What is the most important in a cryptocurrency project? - page 5. (Read 3436 times)
I usually ask myself the following question:'Would I personally use this token?'. If the answer is no because of niche related reasons I might reconsider but usally if the answer is no I don't invest a lot. The biggest problem most people make is to invest in thing that they think people will use, while in reality people won't really use it after all. Therefore the price is essentially hyped up by pure speculation and not by real life use.
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.
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.
hits all the spot!!! Some projects are made just for the sake of making a project. A team has a goal, mainly to achieve success in their chosen projects. But sometimes the essence of the project is missing. Usability and application to daily activities must be the main objective. As i've read somewhere before, a good project or idea is one that solves a problem, be it small or big. If the public sees the use, then it goes boom.
Agree
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.
hits all the spot!!! Some projects are made just for the sake of making a project. A team has a goal, mainly to achieve success in their chosen projects. But sometimes the essence of the project is missing. Usability and application to daily activities must be the main objective. As i've read somewhere before, a good project or idea is one that solves a problem, be it small or big. If the public sees the use, then it goes boom.
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.
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.
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.
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