2018 proved that it was never a good idea to launch a project during the bear market if you've got no long term goals for what you're working on. I've seen projects die off easily from there and then lost track because they're not committed to what they're working on. But, I also saw a few projects that introduced themselves on that bear market and didn't stop from there and managed to reach the bull run and then, that was the time that they found success. By looking at the two situations, you can think of it and have an idea of whether you'll have what it takes to pursue the project or just stop.
Well, in fact, there are so many ICO projects that failed in 2018, whether they are still selling, those that are just running, or even those that have been on the market for a long time. However, at that time, all asset prices fell, and people tended to prefer holding their digital assets or adding to popular assets like bitcoin. However, if it's just introducing the project, and attracting potential users, it's still a good idea. IMO, in bad market conditions, and the prospective project to be developed can overcome this problem, then that can be a good signal to sell after a bear market occurs. however, selling in a bear market is still a bad idea.
I think the timing might not right but as long as it brings real value to the community, ppl will see it and if it can survive through the bear as well, it is definitely a gem. FireDAO is one of the ambitious project that working hard to survive through the bear market and is building the community. Hopefully we can shine bright in future.
I think if they have a unique approach to promoting their project, why not?
There are lots of people out there waiting to invest in the right project and if they really have a legit one, they might get huge numbers of investors in the first phase of their launch. Just like the NFT games a few years ago, they don't really need to sacrifice some time to promote their project, they just let the players do the work but unfortunately, those games turned out to be scams or just some pump-and-dump crypto games. Too bad for them, if they were just real and legit, they could have grown it until today but they choose the bad side of the story.
I believe there are alot of great ideas and concept but just some ppl misuse it for their own benefits. Throughout the year ppl learn from the pain and gained experience. I believe the decentralize community as grown alot by knowing how to identify a legit project . FireDAO is one of the team that work hard to provide true value and hopefully the community understand and see it.