Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Nostoman on November 17, 2020, 07:32:13 AM
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If you can do a project website and other ancillary work. Then in the market you are known as a developer. But I think how much money is spent on website development? How much does it cost to generate tokens again? In other words, if you know about the new purpose of any project in the market, first of all, what amount of budget is needed for that project. What kind of work needs to be done to implement a project. Initially these are what you keep saying. Give your valuable feedback can be useful to many including me. So you have to think and submit your opinion.
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I know that being able to promote a real crypto project takes a lot of work, here's what I know from some ICO projects:
+ Create professional wesbite: 2000 USD
+ Generate ERC-20 token: 500 USD
+ Write WhitePaper: 1000 USD
+ Hire advisors: 1000-10000 USD/advisor
+ Hire bounty manager: 5000-10000 USD
+ Hire a manager for social media accounts: 1000-5000 USD
+ Organizing seminars for investors: 20000-50000 USD
+ Rent articles on crypto sites: 1000 USD
+ Promotion on national television: 5000 USD
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There should be a complex thing to do in a new crypto project. But at least you should think about how to make the project can be run first. Get a good team and have enough funds for some initial programs to do. You also need to have sponsorship, then it may have a big role to support the project.
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There are three things that must be done for a new project,
First, the new project must have a clear concept and unique ideas, this will attract many investors to glance at your project,
second, build a team that has extraordinary experience, a professional team is needed so that the project has a development every week,
third, do the marketing quickly, precisely and thoroughly, meaning that marketing that is done must have clear objectives, time and effectiveness so that many people know about your project.
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making a new project is not an easy thing, you have to spend a lot of money to be able to make a real project, you need someone who is able to help you promote your website, design, create your token and make articles is also very necessary to make it easier for you to attract many investors to invest in display The web must have a high value to be able to look even better. Of course, you need to prepare the $ 12000 dollar bill for your preparation.
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Starting a new crypto project requires money, boards of trustees which is the projects team and firstly you must be sure that ready to accept any challenges that may occure on the proccess of developing the new crypto projects so that it will not be abandoned have way.
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@MrSpasybo has detailed the price already, I'm not very smart to know how much it will cost but it will obviously be a lot. the important thing is the money is used as effectively as possible
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because I have never been directly involved and also a developer in a project, it will be difficult for me to estimate the price or income range. And I feel that this matter must be answered by an expert. Maybe I will also listen to the best answers so that it can be additional information and also new knowledge for me in crypto.
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I know that being able to promote a real crypto project takes a lot of work, here's what I know from some ICO projects:
+ Create professional wesbite: 2000 USD
+ Generate ERC-20 token: 500 USD
+ Write WhitePaper: 1000 USD
+ Hire advisors: 1000-10000 USD/advisor
+ Hire bounty manager: 5000-10000 USD
+ Hire a manager for social media accounts: 1000-5000 USD
+ Organizing seminars for investors: 20000-50000 USD
+ Rent articles on crypto sites: 1000 USD
+ Promotion on national television: 5000 USD
This does appear very expensive to me overall, but it seems true that without investing enough money into creating a quality project then it will only become another shitcoin that fails to perform or gain any attention. I think ICOs can run for a lot cheaper, but probably much less successfully.
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There are several ways to be done after new projects:
- Never only focus on money, but focus on developing the projects
- Creating high beneficial community group or channel
- Listing in good exchanges. at least with increasing trading volume
- Monitoring and developing the project so that investors and token holders will not leave the new project so easily
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Make a strong team first if you want to have a new crypto project. Don't plan a crypto project only with a single man, it will be very suspicious. I have joined in some project that run by a single person, all of them are failed. We need a strong team that really knows the crypto potential, bro.
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Starting a cryptocurrency project can be costing money but as to how much that is not something I am privy into. But I am sure that there are now many platforms or organization offering packaged services to lessen the cost. We know that if a project can be successful then there is big money to be made here most especially if it can be able to be listed in many exchanges and the road map are followed to the full. One can definitely a millionaire many times over with a good project. The ROI here can be so good and that is why this industry attracted so many scammers to try their luck to fool people to trust them and their evil intentions.
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Clear concept are:
- Target
- Mission
- Vision
- Goal
- Hire the best and right person on their specialty skills
- Transparency
- Right budget
- Then for the last is right and relevant concept
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So far, I have only participated in the bounty project. Never felt part of the developer. So, I really don't really understand about the budget in making a new project. And in my view the budget is of course a large number.
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If you can do a project website and other ancillary work. Then in the market you are known as a developer. But I think how much money is spent on website development? How much does it cost to generate tokens again? In other words, if you know about the new purpose of any project in the market, first of all, what amount of budget is needed for that project. What kind of work needs to be done to implement a project. Initially these are what you keep saying. Give your valuable feedback can be useful to many including me. So you have to think and submit your opinion.
it's quite technical! but I would assume it will cost a lot. many token would do their best to promote their project and sell a lot during fund raising to offset the cost they have initially invested into the project that's why if a project fail during the fundraising the possibility to shutdown is very high.
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Certainly the number range is not playing games and not a small number. because indeed a project can run well, of course, with large capital. And also a very mature calculation so you can get a lot of benefits.
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A new project should have, first of all, a well-motivated team. Team members must believe in the project and be fans of it. Secondly, the project should have an original and efficient idea. The project must offer a product that people need. People should be willing to use this product. Only then can you start building a community around the team and product.
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YUSRA GLOBAL definitely deserves the attention of users. What is their YUSRA PAY service worth with which you can pay for the Internet, communication for cryptocurrency. Why is there an intern, you can pay utility bills and even traffic fines. True, the last two functions work only for residents of Russia. But overall I like the service. One can only dream of such a thing, so that without any gimmick with exchangers, you can simply pay bills directly for cryptocurrency. YUSRA also has its own MARKETPLACE (link to the service https://yusra.market/) where you can buy anything, even houses and cars, and also directly for cryptocurrency. So while others are talking about the prospects of introducing cryptocurrencies - YUSRA GLOBAL has been introducing and implementing new technologies for a long time!
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When I see something new I will check it.
Look at everything from various factors so as not to be affected by fraud.
Check everything from the website, team, or smart contracts because in my opinion after checking everything it will be easy to conclude that the project will end either a success or a fraud.
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To be able to build or complete a project until it is successful, what needs to be done is that you must have a clear concept of how and what the project is. After that you can build a team inviting professionals to join your project, with a project presentation that is really interesting. Then you can arrange important schedules. And most importantly, you can immediately propose and collaborate on your project in the market so that your coins can quickly list.
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it is very simple. They need to work hard and have a use-case. they need to show massive dedication on their target. they need to be visible so that the community can identify them. Just like the PROJECT YUSRA that have a tested and utilized Use-case on developing a genuine platform where users can store their cryptocurrency, pay for utility services, recharge service providers, allows global payment of services using the blockchain and a host of other services render on the https://yusra.global/en/ network.
check out their road map, you will discover that they are right on track.
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1st step: Learn from the experts (consultation)
2nd step: Form the quality team with good attitude person.
3re step: Share the vision
4th step: Brainstorming (this is good to colab the team)
5th step: Testing (Trying and error stage)
7the step: Apply and conduct attractive promotional
- in case the project succeed-
8the step: Avoid greediness if possible (the success is not done by one person but with all teammates. Learn to appreciate)
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after considering the project roadmap and objective, the bounty manager and the team should stick to the road map and try to work together with one motive and objective, and their should be constant means of making people known about the project.
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after considering the project roadmap and objective, the bounty manager and the team should stick to the road map and try to work together with one motive and objective, and their should be constant means of making people known about the project.
yes, it is true what you say, friend, but in practice it will certainly be difficult to do without supervision, because all of them have been well organized and without any shortcomings, but very painful will happen in the future without us being able to do anything.
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Look at everything from various factors so as not to be affected by fraud.
I also did the same way as you. I analyzed the project from many sectors, so I know it is a good or bad project. I never try to join or buy a coin without learning or analyzing deeply the project. Sure, we must be more careful and selective to choose a potential crypto project. I didn't want to do the bad way like choosing scam projects in the last year.
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Sometimes, the team only has very small funds to start their new project and this is the matter. They may be able to maximize the projects, but it will not as maximal as those who have much money. In this case, it is also related to the exchange to list the token or coin. SO, it is better to provide much money to make your serious project and a big project
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A good new project must be already of what they are going to make and also offer to the investors and all participants to the projects. At least, they will:
- have enough money to start and develop their project, including to choose the good exchange
- Create their concept of the project clearly and reasonably on their whitepaper. Because too high expectation may not meet the result
- Provide a good community channel and group to promote and discuss the continuity of the projects
- Create a good advertisement to promote the project through bounty, social media, YouTube, and others
- Don't scam your investors
- Monitor and develop the progress of your token if have been listed in exchnages.
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Certainly the number range is not playing games and not a small number. because indeed a project can run well, of course, with large capital. And also a very mature calculation so you can get a lot of benefits.
Every day and every moment many new projects appearing in the market but all new projects are not worthy to invest because new projects are possible to scams projects. Without any investigate, one should not invest in new projects.
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What I think is that if you want to invest, you must have the best knowledge about cryptocurrency. Otherwise if you invest I would think you could eat Los at any time. In particular, the tokens on which you invest will give you a good idea of which exchanges have a list of these coins and what the future holds. Then you can make a profit by investing.
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If we calculate how much it will cost, of course it will cost a lot, it could be more than $ 10,000
-The cost of purchasing a computer
-The cost of purchasing a smartphone
and pay an admin on telegram chat I think it takes a lot of money for startup capital.
All developers must be ready with the initial capital they already have and the most important thing is that they really want to build a new project for the advancement of cryptocurrency and not become a scammer who only raises money at ICO and they leave the project for no apparent reason.
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I think more if I as a developer I will see the market potential and what products are trending or need people before I think about making a project. I have seen that lately there are many projects that just want to get money without thinking about the products they will offer and make many of them a dead project or a scam.