Topic: Why new Projects? - page 7. (Read 1037 times)
Introduction of new projects without actually thinking of managing the existing ones is mere act of greed on our part, I mean the crypto users. In one way or the other we all contribute to this. I concur with your opinion to stop the new introductions and try concentrating and improving on the existing ones.
If they were not around we could be seeing an enormous value of bitcoin now. Divided money to other coins is just getting higher.
That's nonsense.
No new projects would mean no interest in Bitcoin which would mean it would be worth next to nothing, alts have been a tremendous force of growth for Bitcoin, I would say Bitcoin only proven utility is buying other cryptos right now.
Besides competition is good and healthy, it pushes people and entities to innovate much faster and produce much more work.
The only problem with the increasing number of projects is that it becomes difficult to really embrace the size of the sector and some legit progresses are eclipsed by the marketing noise on the short term.
On the long term it's a win for everyone though.
full member
Activity: 468
Merit: 100
The world’s first Play, Learn and Earn
Existing team to buy new coin to develop on them you said that will be very hard because different team come with there own road map that will lead them and if any existing team should get involve they may lack the right directives to become successful. I don't think the introduction of new projects will never end because the cryptocurrency industry is still at it early stage and lots of companies and business are adopting it for they progress.
I agree, I think that the number of projects will only increase, the market is new, there are few projects from the real sector, the cryptoindustry is going through a certain phase of growing up, and I believe that there will be many professional teams and projects in the near future. Most token in market just duplicate the project before and i think will not survive for long term. The pioneer and innovative one will always survive because the project knows the objective.
those who can survive are those who provide solutions and comfort to previous products. like binance, both project exchange platforms, and previously I thought there were many exchange platforms. and with their performance and plan they can make binance a platform that becomes an idol and even defeats exchanges that were previously there before. when they come up with the same concept and don't have good performance and market support, then they come and are ready to be discarded. 
I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.
But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?
Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense
But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?
Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense
the cryptocurrency business is jut like any other traditional business. there will be something new everyday, just like there is always new startup when you check the industry of non-crypto business. and also the same, most of them are failed, and some of them turn out to be a scam, this is common in any filed of industry, and crypto is not an exception. The thing is crypto currency and blockchain are one of the most emerging new comer in the economic industry, so it seems like the amount of ICO, STO, and scam project are overwhelming.
now the thing is if you said that 80% of ico project are scam, and the bounty hunter still get benefit from those scam projects than you are wrong, if the project is failed or even scam, bounty hunter is just wasting their time.
90% of coins out today don't bother to introduce projects that are new to crypto ,all they do is copy the old ones but we have few coins that introduce something we haven't seen before ,for example veil project and miracle tele
Most token in market just duplicate the project before and i think will not survive for long term. The pioneer and innovative one will always survive because the project knows the objective.
I think the reason is because many of them want to solve our daily challenges, and are only out to scam people, just be careful of any project you want invest
it's true the problem now is that there are so many fraudulent projects that to choose a project to become an investment be careful if you love your money
90% of coins out today don't bother to introduce projects that are new to crypto ,all they do is copy the old ones but we have few coins that introduce something we haven't seen before ,for example veil project and miracle tele
I think we need more new projects to advance in crypto space, I believe we still need more heights to reach and new projects is the solution ,better security is needed and more better advanced projects excluding the copycats
I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.
The percentage may be even higher. Nowadays more than 90% of these "new" projects are either copycats of the old and established projects, or outright scams. And I am not sure whether the bounty hunters benefit from them. In many of the cases, the rewards are not paid. And even if the tokens are paid, they will be close to worthless.
I am a bounty hunter but it does not stop me from saying the truth that I stand for, I am therefore directing my questions to investors, why are investors still making this crypto with irrelevant projects thrive ?
You say bounty hunters are benefiting from it, do you know how many projects we have worked on that, it’s either they don’t give us the token or the ones that manage to give token fails to enter exchanges for years, and how do we put a stop to them from being introduced, it’s a market you can’t control and it will be very difficult to do so, and if you ask hunters to stop promoting, it will also be difficult to reach 30% compliance talk less of 100%.
You say bounty hunters are benefiting from it, do you know how many projects we have worked on that, it’s either they don’t give us the token or the ones that manage to give token fails to enter exchanges for years, and how do we put a stop to them from being introduced, it’s a market you can’t control and it will be very difficult to do so, and if you ask hunters to stop promoting, it will also be difficult to reach 30% compliance talk less of 100%.
But they are not,,, not all. If you recall one of the big problems with ICOs is they were doing so much promotion and so much marketing,,, and all their bounty hunters were doing the same, yet many ICOs could not even raise 1% of their funding required. In fact most bounty hunters were complaining their rewards were worthless or some were not even getting rewards. So this is the truth. Bounty hunters brought no value, but anyway people also did not want to invest money into hype any more.
I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.
But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?
Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense
To stop introducing new ICO projects, this means that the development of cryptocurrency should stop. This should not be done, even though the next new 80 percent of new projects will show signs of fraud or they will simply be useless. But there will remain another 20 percent of new projects that will further develop cryptocurrency and for the sake of this it is worth doing everything. Of course, at the same time it is necessary to improve the effectiveness of ICO projects and get rid of fraudulent projects. I think that only government regulation of this type of activity can do this. But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?
Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense
Because not all projects are the same the solution they introduced using block chain technology are in different criteria, most of the projects failed because they cannot get enough funds to develop the project and some are just pure scam. If the project failed to raise enough funds then bounty hunters wouldn't be paid at all, i know some projects that are already vanished but some people want to revive it but they can't because they don't have enough funds to do it.
I am a bounty hunter but it does not stop me from saying the truth that I stand for, I am therefore directing my questions to investors, why are investors still making this crypto with irrelevant projects thrive ?
You say bounty hunters are benefiting from it, do you know how many projects we have worked on that, it’s either they don’t give us the token or the ones that manage to give token fails to enter exchanges for years, and how do we put a stop to them from being introduced, it’s a market you can’t control and it will be very difficult to do so, and if you ask hunters to stop promoting, it will also be difficult to reach 30% compliance talk less of 100%.
You say bounty hunters are benefiting from it, do you know how many projects we have worked on that, it’s either they don’t give us the token or the ones that manage to give token fails to enter exchanges for years, and how do we put a stop to them from being introduced, it’s a market you can’t control and it will be very difficult to do so, and if you ask hunters to stop promoting, it will also be difficult to reach 30% compliance talk less of 100%.
Competition is generally a good thing. Many new projects are copycats and not offering new solutions.
The market will take care and only the active projects with original ideas will survive.
The market will take care and only the active projects with original ideas will survive.
I think the reason is because many of them want to solve our daily challenges, and are only out to scam people, just be careful of any project you want invest
People tend to feel like they are better than others and the same thing is about the ideas behind the project and working products (if they really are) so they're making new projects and want to push the working product further.
I haven't heard that there's like this before. That a project mainly focuses to the failed ones and they want tocmake that project alive and lively. This could happen or its actually happening, I just didnt heard about it before.
I'm also not sure if there is one. If I am a project founder, I would find it difficult to be carrying someone else's project. I would rather spend my time and energy on improving my own project. It already takes a lot to manage your own.
For each product there is always a buyer. As long as there is demand, there is supply. These are the laws of the market. Therefore, there are many projects and they will still continue to appear.
I guess I see all your points about new projects being necessary because old projects may have lost their name and credibility and even if they want to have a comeback it will be almost impossible
Jump to: