Hello Tronics,
While waiting for our Session 4 project winners
To get to Mainnet/ Milestone.
Let’s learn on some Mistakes they should avoid.
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Lack of a clear plan and roadmap:— a well-defined plan and roadmap are essential for the successful developmet. Without a clear vision, the project may struggle to gain traction and attract investors as some
promoted through Twitter and other channels don’t have a clear roadmap with milestones and timelines. -
Lack of utility:— project should go beyond the aesthetic appeal to sustain long-term interest. To achieve this, project can incorporate additional features and privileges, like governance rights, the potential for staking and earning rewards as well as access to exclusive experiences.
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Poor communication: — community engagement is a crucial aspect of Crypto projects. Lack of communication can lead to decreased interest and trust in the project. To maintain a strong community presence, the team behind project should be active on social media, host “ask me anything” (AMA) sessions, and provide regular updates on project developments, partnerships and milestones.
Kudos to some projects keeping up to that like
@Justmoney
@Sirluke
@Deba215
And the rest keeping up with good communication. -
Failing to provide strong post-launch support:— the work does not end once the project is live. Many projects fails by underestimating the importance of ongoing support and updates after the initial launch. Failing to maintain a strong support system can lead to decreased user satisfaction and engagement, and can have repercussions on subsequent collections.
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Underestimating the importance of quality and Uniqueness — quality, reputation and rarity are key factors in determining an project’s value. Copycat designs or an oversaturated market can diminish the appeal of a project.To stand out from the competition, project developers should come up with an intelligent unique structure to incentivize users/ Investors.
So to this end, I believe those mentioned point above should be considered by a Crypto project managers before they begin to build, if only they want to make a Unique Stand
Do have a lovely day Everyone.