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Author Topic: Why is that new cryptocurrency project always raise money?  (Read 4918 times)

Offline debra

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Re: Why is that new cryptocurrency project always raise money?
« Reply #15 on: December 24, 2020, 11:51:34 PM »
The answer is very simple when people create a projetcs, they of coruse wnat to earn profits and also costs for what they have done. Additionally. This has been the nature of crypto world, creating new project, rising money, developing product, and then listing token or coin on top exchange. The las is the one determining how the project will success or not
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Re: Why is that new cryptocurrency project always raise money?
« Reply #15 on: December 24, 2020, 11:51:34 PM »

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Offline Quart

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Re: Why is that new cryptocurrency project always raise money?
« Reply #16 on: December 24, 2020, 11:53:35 PM »
Is it a most that new project must raised fund from people?
Almost all new projects did it, but not all projects.
There are projects that have enough funds for running their activities. They choose top exchanges and only provide some events for promotions. But I rarely saw a project like that, most new projects have fundraising to collect money.
« Last Edit: December 24, 2020, 11:55:38 PM by Quart »

Offline nelson4lov

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Re: Why is that new cryptocurrency project always raise money?
« Reply #17 on: December 25, 2020, 10:10:43 AM »
Although not all new projects needs funding from ICO or IEO, but it has become a tradition for 99% of the new projects to raise money through ICO or IEO by selling their tokens to investors who feel the project will become successful in the future, I really don't see anything wrong with them raising money for the project by selling their tokens cause most times the money raised are normally used for listing, maintenance and development of the project, this days the amount of money raised by a project determines how successful its going to be.
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Re: Why is that new cryptocurrency project always raise money?
« Reply #18 on: December 25, 2020, 10:36:43 AM »
What do you think on this scinero that every new cryptocurrency project that is been developed must raise fund through the ico or could be from the ieo is that they don't have what it takes before development of the cryptocurrency project, we all know that many project that collected huge fund as of 2017 down to the year 2019 concluded that the project was not successful that's why they where not able to continue the project the fund they raised gone. Is it a most that new project must raised fund from people?
Of curse for any business to be a successful one, you will need capital (money) and investors.  No way a team could've raised such a huge amount involved in new project and even if a team can raise the fund, it will get to a stage where they will need investors ZACH FINANCE is a good example of this (those who invest will understand). In other to create awareness and to keep the coin in circulation, inward flow of investors is needed
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Re: Why is that new cryptocurrency project always raise money?
« Reply #20 on: December 25, 2020, 06:55:16 PM »
Well not all new projects raise funds from the market there are some projects that develop the project with their own funds as well and some startups also have few investors that like the concept or the plan of the project. But yes even now most of the new projects do raise funds publically so it is your responsibility to review and rate them.

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Re: Why is that new cryptocurrency project always raise money?
« Reply #21 on: December 25, 2020, 07:26:06 PM »
I think funding is needed by these platforms to be able to develop their platforms. However, most of these platforms, instead of using the money already raised for platform development, they use it for marketing and only allocate a small amount of money for platform development, or not at all. This is one of the reasons why these platforms are sinking.
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Re: Why is that new cryptocurrency project always raise money?
« Reply #21 on: December 25, 2020, 07:26:06 PM »


Offline disconnectme

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Re: Why is that new cryptocurrency project always raise money?
« Reply #22 on: December 25, 2020, 08:18:55 PM »
YFI and some other projects in the space show us that it is possible to kick start a project without raising money, YFI for example has market cap more than $500 million without raising a dime and this should be what the space need to be fighting for now instead of selling their projects and tokens to VCs. Just look art what Satoshi did with BTC not VC fund and has 70% dominance in the space. It is fear of failure and lack of clarity on what they want to build
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Offline yemight62

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Re: Why is that new cryptocurrency project always raise money?
« Reply #23 on: December 25, 2020, 09:37:56 PM »
YFI and some other projects in the space show us that it is possible to kick start a project without raising money, YFI for example has market cap more than $500 million without raising a dime and this should be what the space need to be fighting for now instead of selling their projects and tokens to VCs. Just look art what Satoshi did with BTC not VC fund and has 70% dominance in the space. It is fear of failure and lack of clarity on what they want to build
You didn't do your research very well.  FYI conducted a public sale and a huge amount was raised and it was that moment the history of the token changed
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Re: Why is that new cryptocurrency project always raise money?
« Reply #24 on: December 25, 2020, 10:14:15 PM »
What do you think on this scinero that every new cryptocurrency project that is been developed must raise fund through the ico or could be from the ieo is that they don't have what it takes before development of the cryptocurrency project, we all know that many project that collected huge fund as of 2017 down to the year 2019 concluded that the project was not successful that's why they where not able to continue the project the fund they raised gone. Is it a most that new project must raised fund from people?

If I got you correctly, you meant that all projects ICO/IEOs conducted from 2017 to 2019 were claimed to had failed because they did not raise the required funds, but unfortunately, most ICO projects conducted between 2017 to 2019 had a successful campaigns and where able to raised huge amount to finance these projects development without excuses. The poor ICO/IEOS failure we experienced from most of these projects conducted was in 2018, and that was   the worst time on cryptocurrecy development history.

The failure on some of these ICOs/IEOs performance was not because of funds but basically due to poor marketing, and lack of developmental and innovative upgrades etc. As a matter of facts, new projects required to raise fund from the public to start it's developments, and this process are carried out through the ICO/IEOs.


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Re: Why is that new cryptocurrency project always raise money?
« Reply #25 on: December 25, 2020, 11:57:44 PM »
It is like that they always need fundrasiing in order to run the project evry well. Sometimes, the developer have not enough money, so they need fundsraising to make certain steps closer to create real products. So far, many new rojects can be really amazing, But in fact, it is make sense
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Offline alltalk

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Re: Why is that new cryptocurrency project always raise money?
« Reply #26 on: December 25, 2020, 11:59:30 PM »
Most of the new projects provide fundraising because they have fewer funds or need additional funds to develop the projects. Although most of the projects provide fundraising, they can have different targets. Some projects may have no specific target for the number of funds, while others set a target like softcap or hardcap.
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Offline pelana vreo

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Re: Why is that new cryptocurrency project always raise money?
« Reply #27 on: December 26, 2020, 09:27:07 AM »
Most of the new projects will do fundraising from the initial token sale, there are some projects that do not do that but the developers need to have a lot of money to develop the project. In addition, the developers will do fundraising to see how enthusiastic potential investors are about the product they are looking for. they have, this is important for the future development of the project.

Offline vitek146

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Re: Why is that new cryptocurrency project always raise money?
« Reply #28 on: December 26, 2020, 09:38:42 AM »
Because it is more profitable to own funds in new projects than in some "older" altcoins. In some cases, a new project can give x50-x100 of your investment, and this attracts many investors who want to get a more significant profit than an investment in a working project in which the hype times have already passed and the price cannot show a large increase in a short period of time.

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Re: Why is that new cryptocurrency project always raise money?
« Reply #29 on: December 26, 2020, 09:55:16 AM »
It is like that they always need fundrasiing in order to run the project evry well. Sometimes, the developer have not enough money, so they need fundsraising to make certain steps closer to create real products. So far, many new rojects can be really amazing, But in fact, it is make sense

Moving forward to achieve success promotions to make the project popular and create good name to support by the community. Fund raising is necessary to make things possible. No money, therefore, no project to build. Money is the first thing first to make impossible possible.
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