Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Delgboke on April 24, 2021, 10:54:12 AM
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
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Unfortunately, 95% (or more) of the new projects that appear are copies of previous products that have been successful in the industry, and their goal is to raise funds to "maybe" improve the original product, which almost never happens and those funds finally "run out", nothing more. There are really few innovative projects in the industry, and those projects are the ones we need to pay attention to, the rest will die alone on the way.
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In my own opinion, most of these new projects are just making their claim for the money. This is the biggest reasons why of the many only a few will eventually survive, flourish and really make it big. We have already a saturation of projects that are not offering anything new and just making a copy of other projects. They are just wishing that the lady of luck will smile good on their good projects, and they can somehow make it big eventually. I am pitying those people who are taking the chance to support them with hard-earned money. Anyway, the essence of an open enterprise system is that anybody can do the same thing as others did. And so we have so many wannabees.
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Most cryptocurrency projects appear due to the fact that the creators of these projects want to make huge money and therefore every day we see more and more new cryptocurrency projects, but there are also those cryptocurrency projects that really help a lot both in the real world and in the virtual one.
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For me, it's very normal, the more new crypto currencies come up, the more opportunities are created for the community to earn, there are several people with different ideas, I mean innovative ideas so its not a bad thing if this people decides to create their own crypto currency to power or enable them invest in their ideas, see this space as the open world is, as some businesses are closing, other businesses are starting, so there absolutely nothing wrong with it if am asked as long as the guys behind the new crypto currencies are genuine in heart and mind.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
A lot just want your money and very few work to take your money and possibly make you happier too
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Currently, crypto market is still in need of new solutions for the economy and for blockchain technology itself, so new projects are born and great achievements in capitalization and community expansion are achieved. However, I think we need to be wary of newly born projects too hastily because they may contain smart contract errors & tend to resemble pyramid profiles. Investors are overly excited and willing to put money into every new token hoping to get rich quickly.
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A new project is always a risk for an investor but where there is risk there is a big profit. If the project is useful for people, then it is worth buying because the demand will increase and everyone will benefit from this, in addition to old projects that do not keep up with the market and are forced to leave the market or create a new niche for themselves.
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A new project is always a risk for an investor but where there is risk there is a big profit. If the project is useful for people, then it is worth buying because the demand will increase and everyone will benefit from this, in addition to old projects that do not keep up with the market and are forced to leave the market or create a new niche for themselves.
if an investor wants to make money, then he must accordingly study the purpose of the project, and also check the team that is working on this project. I believe that Everyone should understand that the final product of the project should be real, and not promise to collect electricity from the rings of Saturn.
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It all depends on the project itself, each project has a goal and a task, for example, the ETH network of smart contracts, where at the very beginning they wanted to create a world computer, from which they succeeded, so it is individual for each new or existing project.
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The truth is in crypto specially during the bull run about 90% of the projects that are launched have no idea to develop day by day. They just come to make money duplicating old projects and has nothing special. Every year thousands of projects enter crypto but only a very few of them are long lasting and have future development plans.
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The truth is in crypto specially during the bull run about 90% of the projects that are launched have no idea to develop day by day. They just come to make money duplicating old projects and has nothing special. Every year thousands of projects enter crypto but only a very few of them are long lasting and have future development plans.
This is the bitter truth of life. Attach a buzzword like DeFee in the description, catch up with a bunch of bots in social networks to quickly collect money from gullible investors and that's all. And good projects develop over the years.
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the goal of the project is to find a lot of investors so that the project went smoothly and be profitable. as a bounty hunter, if we can choose a legit project, it will be profitable. we have to be careful before following a project
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the goal of the project is to find a lot of investors so that the project went smoothly and be profitable. as a bounty hunter, if we can choose a legit project, it will be profitable. we have to be careful before following a project
Yes,That it'is true.
If the project really has different ideas, the #DevelopmentTeam will always do their best to keep the coin price good with the products and ideas they have, maybe some new projects are just copy and paste from other projects, but investors can always choose the platform which they will use to make a profit.good service of the new project will be the choice of investors.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
It is the clear evidence that there are more things to discover and more to scam. :o What scam? You heard it right. As what @Freemind said, 95% are copied from one unique platform. Some of the copycat project intentionally for scam. Some could challenge the original one.
Also new project could be the era of new hype such as DeFi and NFTs and more to come.
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To me, apart from the unique DeFi & NFT trend, new projects in the crypto market have nothing special because most of the ideas were born in 2017 during the ICO wave: the adoption of blockchain in healthcare. education, energy, transportation, internet ...
Currently, new projects start in 2 directions:
+ Copy other projects: for example DeFi, UniSwap => MoonSwap;
+ Implement old ideas on new platform: eg UniSwap => JustSwap of TRON & PancakeSwap of BSC;
The emergence of new projects is necessary for new blockchains, I think this will increase the competition and growth of blockchains, giving users more good choices in the future.
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The number of new projects that have emerged is mostly a continuation of projects whose previous products have been successful in the industry, and the purpose is only to raise funds / money. I think there are very few innovative projects here. This is the reason why of the many projects only a few survive, grow and become big. That's why we have to pay attention to innovative projects, others will die / disappear by themselves on the way.
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Almost all the ideas of new projects are already in the market I don't see any reasons in establishing a new project, I believed these developers are in the market to make money and later abandon it, except some few ones who follow-up their project and develop it, personally I prefer to invest in a well established project to all these new ones perhaps if wanted to invest in them I will do so with a small amount of money ie money that I can afford to lose
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
At first cryptocurrency was originally created to stop the printing of paper money, but it seems since then there have been thousands of new projects alongside scam projects that claim to solve one particular problem or the other, this is just like printing money in my opinion, there's actually no difference between this thousands of coins and the paper money been printed everyday, new projects are been created every day because technology and ideas keeps getting better, so every new project come out with their new ideas on how to solve a particular issue we face in the crypto space.
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Probably the essence of creating a new project is that there's a lot of money involved in it. And there are only two reasons why the Dev. the owner created it, first, they just want to collect a huge amount of money or He wants to make His utility token become famous here in the cryptocurrency industry, due to if that happens profit will surely follow by it.
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To compete. To win. And to become in the top rank as long as possible. Those are the essence why there are new projects creation now and in the future days. In addition profit is another target gaol in every project.
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The main goal of the project is, of course, to make a profit from the creators of the project and its investors, but at the moment there are very few such goals for projects with an increasingly frequent scam. Unfortunately, sometimes projects are deliberately created to cheat their investors.
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If we consider only the financial component, then most projects promote their ideas not only to make the life of society more comfortable, more convenient and more technologically advanced, but mainly to make money while the crypto industry is on the wave of hype.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
When creating a solution to a current problem, problems are often created again and this cycle goes on and on until the trend end as it they were never available, that's what's going on in crypto space.
Look Ethereum for example and the current transaction fee we are currently facing as a big challenge. Now, other projects see potential and how big Ethereum communities is, they decide to create something more easier with less fee.
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If a project does not provide an innovation people should not purchase it. But many people think differently. They invest in worthless copy-paste projects again and again and hoping to gain some money. There are hundreds of dex but we all know only 10 dex is enough for the whole ecosystem.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
Well as my opinion new projects are always welcome in the war field. Because they can bring new innovation in this world. Also its true that not all of them are here with new technology or to develop this world with something new, they are here to just earn money cut out from the market.. so we will have to be alert and think deeply, do proper research before investing on any project...
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Though one might see not Reason for it, at initial, but on the long run, it has meaning. Different coin has it own motives, but the general motive is to get the world totally tokenize. and that their should not be monopoly of any coin.
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most of the crypto projects, it's a copy of the old project, there is also a joint project between 2 old projects to become 1, but actually the initial goal of the crypto project is the same as a real-world project, namely achieving financial targets. no doubt the innovative ideas offered are very useful for needs.
So it's not a bad thing if these people decide to create their own cryptocurrency to get people to invest in their ideas,
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There are many projects in the cryptocurrency market combining the arrival of new projects and the old ones. A project comes to the market with little intention of fulfilling its purpose or spreading financial services among the people. I think we should avoid new purposeless projects. In a more digital ecosystem where financial services have expanded in a way that works for the welfare of users, there are many projects that we should welcome.
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For me the essence are the products,money, and the involvement in cryptocurrency. Product is my first opinion because that is the root. Money is my second opinion because basically after creating coins the next step is listing where huge volume of money is possible. Involvement is my third choice because potential crypto are involved in popularity and meaning.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
People nowadays are producing an excessive amount of bad coins. They simply add a burning feature and launch it; believe me, those guys are making more than $15,000 per day. But there are several worthwhile projects as well, the majority of which aim to solve the challenges that we face on a daily basis.
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Well, first of all the so-called developers or founders of projects found it as a way to grab investors money fast. The community is lucky enough if they invested on a legit and relevant project which is hard to find with lots of project being created. I will just spread my investment to be safe.
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In the Cryptocurrency industry there are many Cryptocurrency project that's in the list of upcoming, while we are still in that some of the project in the crypto market has not made any head way and some exiting the market. What could you say is the main purpose of the new Cryptocurrency project in the industry?
As a matter of facts, some of the projects that has surfaced and gone were mainly due to some of this reasons
1. No user case
2. Poor marketing, and plus no partnership engagement
3.No funding, ether unable to list project on tie one exchanges or no further project promotion.efforts etc.
Again, there shall be more upcoming new start up projects who thinks they have some better offer ( ie project with great user case and not just some meme things) to the entire crypto community, and some of these projects has huge financial strength to carry out the planned projects.
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I think there are just two reason to consider.
First, the team seeks to solve the existing problem regardless it is in the crypto space or in the physical world.
Second, the project is just simply being promoted to scam the community.
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In my opinion, the goal of a new project is to get the profits of investors. if the project is successful and many investors invest in it then it will be profitable. therefore usually a project will offer several bounties so that it attracts many investors
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In my opinion, the goal of a new project is to get the profits of investors. if the project is successful and many investors invest in it then it will be profitable. therefore usually a project will offer several bounties so that it attracts many investors
I agree, this Cryptocurrency project is big business. Where business is carried out to make a profit, and profits in this Cryptocurrency project can be obtained from selling Crypto tokens. The more people who buy tokens from new Crypto projects, of course, the opportunity to get bigger profits. But there is one fear of investors about new Cryptocurrency projects, namely the number of scammers who really pissed everyone off.
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Not all projects seek to make a profit, there are some projects that are aimed at facilitating the efficiency of the organization. But most projects, even without development, go to the cryptocurrency market to earn money.