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Author Topic: Does Name really matter in crypto?  (Read 6376 times)

Offline Delgboke

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Does Name really matter in crypto?
« on: July 21, 2020, 12:24:42 AM »
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
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Does Name really matter in crypto?
« on: July 21, 2020, 12:24:42 AM »

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Offline Noverteno

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Re: Does Name really matter in crypto?
« Reply #1 on: July 21, 2020, 06:22:26 AM »
I don't think the name of the cryptocurrency matters much to its popularity and demand. Sometimes cryptocurrencies similar in name are deliberately created to mislead potential investors. This sometimes works, but not for long. Also, sometimes the name affects a very well-promoted project with good marketing. This also does not last long.
The name of bitcoin as the first cryptocurrency has a special role in cryptocurrency.
However, the shitty cryptocurrency whatever you call it, it remains shitty.

Offline bigcash2011

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Re: Does Name really matter in crypto?
« Reply #2 on: July 21, 2020, 05:33:25 PM »
I think it does matter but it is just a secondary factor because obviously short, easy to remember and something that makes sense will add to the idea and marketing of the project so that will be helpful.

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Re: Does Name really matter in crypto?
« Reply #3 on: July 21, 2020, 05:43:50 PM »
I don't think so, what makes crypto successful is not from its name but from the project #DevelopmentTeam  in making innovations and services that provide tangible benefits and impacts in everyday life
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Re: Does Name really matter in crypto?
« Reply #4 on: July 21, 2020, 07:05:45 PM »
From a media perspective, the name of the project is important, and the token is also important.
Some principles of naming projects & tokens are:
- convey the core values ​​of the project;
- easy to identify and remember to the community;
- avoid confusion with projects that have been in the crypto market or the traditional market;

If not, the project will be considered fraudulent, for example: Ethereun, Bitcion, Riple ...


Offline TERMINO

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Re: Does Name really matter in crypto?
« Reply #5 on: July 21, 2020, 08:45:06 PM »
Not necessarily but additional points.
Easy to mention,
Easy to memorize,
Easy to type and search,
Big factor isn't it?
The very essence is the core values of the project.
Uniqueness,
Purpose,
Mission,
Vision, and
Development.
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Re: Does Name really matter in crypto?
« Reply #6 on: July 22, 2020, 02:19:09 AM »
µNo idea what you exactly mean by " name " but i'm sure you mean the popularity of X or Y project.
Yes mate it matters a lot indeed. Teke Doge Con for example, it was made as funny crypto & look where it is now, one of the biggest market cap coin with the biggest crypto community.
Popularity of the coin matters a lot in crypto.
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Re: Does Name really matter in crypto?
« Reply #6 on: July 22, 2020, 02:19:09 AM »


Offline CryptoHi

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Re: Does Name really matter in crypto?
« Reply #7 on: July 22, 2020, 06:26:16 AM »
I don't think so, but some name are really interesting and attractive.

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Re: Does Name really matter in crypto?
« Reply #8 on: July 22, 2020, 06:28:23 AM »
No so much, but a good name makes everything better, a catchy name is really good to remember and share it with Everyone and they will easy remember.

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Re: Does Name really matter in crypto?
« Reply #9 on: July 22, 2020, 07:23:11 AM »
Please there's something I really want to understand about this crypto industry because at times as a newbie in this cryptocurrency industry you might get this wrong by making more mistakes in crypto. Does crypto name really matter before it become successful?
No its not. Names are just an affiliation to the project, and investors are more interested on what they can offer the community or can give out based on their platform activity. Even the name is not so cool, we cant say it can affect the project performance and its reputation especially thr popularity it gains from the crypto space.
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Re: Does Name really matter in crypto?
« Reply #10 on: July 22, 2020, 10:04:28 AM »
I think cryptocurrency has to gain popularity in the community before it can be introduced. However, before getting acquainted with bitcoin crypto currency, there were many problems. Alternative crypto currency shows that there are some cryptos that are popular and took a long time to get acquainted. I don't think you know these things. In order to be any new cryptocurrency, it is important to have Mission, Purpose, Uniqueness, Vision, Development and future development. I don't think there is any other way. But I am much more interested in learning something new. I want to know and understand about everything in the world of cryptocurrency. I think you posted this because I have this kind of desire.

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Re: Does Name really matter in crypto?
« Reply #11 on: July 22, 2020, 10:51:27 AM »
I wouldn't subscribe to the saying that name do matter in Cryptocurrency, it boils down to the marketing strategy adopted by a project and dedication from the team to see to its success. Inasmuch as this is said, some projects use names similar to an existing cum successful ones to deliberately woo people, as such due diligence is needed on this crypto space.

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Re: Does Name really matter in crypto?
« Reply #12 on: July 22, 2020, 01:17:14 PM »
I don't think it's the name that makes a project successful but it's important to choose a name that is unique and not a copy of another project. The most important factor which makes a project successful are but not limited to;
The usecases, the development and commitment of team members.

You can have a weird name but if the project is solid and adequate development is present then nothing should limit its success

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Re: Does Name really matter in crypto?
« Reply #13 on: July 22, 2020, 01:39:09 PM »
The most important factor which makes a project successful are but not limited to;
The usecases, the development and commitment of team members.
Right. This will make the project last long and always favored by investors. Use in real life is the success of a project.
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Offline Hope4life

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Re: Does Name really matter in crypto?
« Reply #14 on: July 23, 2020, 05:03:32 PM »
Name doesn't have any big impact for success of a project, it's how the development who impact the project. But sometimes name can make people remember the project easily and also representate the vision of project.

 

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