Post
Topic
Board Altcoin Discussion
Re: Old crypto ways fades away easily
by
South Park
on 04/04/2020, 16:34:02 UTC
Once upon a Time in every bounty life these makes you very bullish on new coins,
1. Well known advisors
2. Burning remaining unsold token after ICO
3. Team Locks their own tokens for years

And now the game have changed a lot, if the following doesn't happen well may God help you

1. List on top exchanges like OKEX, Binance or gate.io
2. Coin already trading and have good volume
3. Promotion has very limited reward for promoters
4. Highly demands for the coin or token

What do you think? Drop your thoughts
All of the points you bring are important but are secondary to the most important questions, what kind of problem does this coin solve? Is the use case big enough to guarantee creating a new coin at all? Are there any competitors in that field already? Is the coin innovative? Do we need a decentralized solution or a centralized solution is more effective or cheaper? The answers to those questions are what truly determines the success of a project, so even if an altcoin has all the characteristics that you specify above it will be for nothing if the answers to the questions I asked were negative and at best that coin will last for a few months or a year before disappearing.