Quote from: serjent05 on Today at 07:10:43 PM

Quote from: olabiyijummy02 on May 08, 2021, 08:12:03 PM

Based on the cryptocurrency projects that have seen good and sustainable success over the past few years, the recipes for success isn't just about having a good concept or a good team. To be successful in the blockchain cryptocurrency space you have to create a project that actually satisfies a pressing need either on-chain or in the real life.

A project is likely to be more successful If it solves a pressing on-chain problem.
This is even better because blockchain technology still has some way to go before it fully impacts the everyday lives or people like the internet does today, so there is still a need for projects that makes these blockchain integrations faster.

Such projects will always be a key part for the blockchain infrastructure in the long run and is almost guaranteed to be successful.

The cryptocurrency space needs projects that think outside the box and not just different versions of existing projects

This combined with other important components like; A good team, important/strategic partnerships, good marketing and actually delivering on the project's promises is almost guaranteed to make such projects a big success

Don't forget a good financial backer. Without good funding, you cannot continue your activities. The project team also needs a good financial adviser, the one that can analyze and design a good strategy with minimum spending. Financing is the fuel to any developing project, so having good funding plus a good financial strategist will greatly help the project to sustain and maintain its effectiveness for a longer time.

it's important to have this kind of people behind the project, they are the one who will budget the development

and they will manage the finances, good handler of finances really help the developing team organized each part

of the developments, from advertising to developing there's always money involve so you are right that this part

of the team is also important to succeed.