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#26 2023-06-30 19:47:40

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: What do you guys know that caused the failure of some pre-mined projec

Comrade;16812 wrote:
Camavinga;16779 wrote:
Comrade;16631 wrote:

Pre-mining can help a project build trust with its community by demonstrating that the team is committed to its success and has skin in the game.

The way to build the trust of the community on a project is by what the project offers and whether it can be put to good use, if a crypto is pre-mined or not does not matter, many people do not even like pre-mined coins and i know a lot of them that were scam projects.

Ofcus many crypto users dislike the pre-mining but pre-mine is also proof to investors that the coin or token that has been created is actually functional.

That's in another case and in other hand, a pre-mined coin can be used as a prototype to show to interested parties but critics contend that pre-mining mainly serves ICO startups to “pump and dump” their own cryptocurrency. “

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#27 2023-06-30 19:53:20

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: What do you guys know that caused the failure of some pre-mined projec

Europ;16815 wrote:
Comrade;16812 wrote:
Camavinga;16779 wrote:

The way to build the trust of the community on a project is by what the project offers and whether it can be put to good use, if a crypto is pre-mined or not does not matter, many people do not even like pre-mined coins and i know a lot of them that were scam projects.

Ofcus many crypto users dislike the pre-mining but pre-mine is also proof to investors that the coin or token that has been created is actually functional.

That's in another case and in other hand, a pre-mined coin can be used as a prototype to show to interested parties but critics contend that pre-mining mainly serves ICO startups to “pump and dump” their own cryptocurrency. “

We actually understand how important or useful the pre-mining can be  not until the systen process was backstab by the illegal usage.

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#28 2023-07-01 18:07:13

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What do you guys know that caused the failure of some pre-mined projec

Detroit;16794 wrote:

One of the most important things in the crypto community is building relationships. If you want to be successful in the crypto world, you will need to build relationships with the people you are trying to reach. This is easier said than done, but you must try. One of the best ways to build relationships in the crypto world is by holding meetups and conferences.

If you want to be successful in the cryptocurrency world, building relationships with people that have better understanding that you will help you very much, but be careful of who the people are, if you do not know them well they may be scammers that can hurt you.

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#29 2023-07-01 20:11:35

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

Regardless, it is important to associate with communities that seek to help people better understand and stay updated about cryptocurrency.

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#30 2023-07-01 20:12:35

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: What do you guys know that caused the failure of some pre-mined projec

The spontaneous growth of cryptocurrency this last decade has been fostered by knowledge sharing and expanding acceptance. Investors of cryptocurrencies have created different communities to help them keep up to date with the crypto world.

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#31 2023-07-01 20:15:45

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: What do you guys know that caused the failure of some pre-mined projec

CrytoCynthia;17040 wrote:

The spontaneous growth of cryptocurrency this last decade has been fostered by knowledge sharing and expanding acceptance. Investors of cryptocurrencies have created different communities to help them keep up to date with the crypto world.

This acceptance has also attracted lots of scammers so we should be very careful of the different communities we join and always look out for the ones what gives us real value.

Also learn how to filter information you get and pick which benefits you.

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#32 2023-07-01 22:05:27

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: What do you guys know that caused the failure of some pre-mined projec

Lanistergame2;17044 wrote:
CrytoCynthia;17040 wrote:

The spontaneous growth of cryptocurrency this last decade has been fostered by knowledge sharing and expanding acceptance. Investors of cryptocurrencies have created different communities to help them keep up to date with the crypto world.

This acceptance has also attracted lots of scammers so we should be very careful of the different communities we join and always look out for the ones what gives us real value.

Also learn how to filter information you get and pick which benefits you.

In a actual momentum of deriving knowledged and also making profits it's arguable but true that one has to know when to stop, start and pause in process of attaining something. "Informations also fluctuate".

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#33 2023-07-01 22:23:41

Dozie
Member
Registered: 2023-01-18
Posts: 658

Re: What do you guys know that caused the failure of some pre-mined projec

Well I am not certain but the major cause of the failure has to be the team themselves, a poor team can never properly lead a project well.

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#34 2023-07-01 22:41:24

MRBEAST
Member
Registered: 2023-05-22
Posts: 410

Re: What do you guys know that caused the failure of some pre-mined projec

Dozie;17121 wrote:

Well I am not certain but the major cause of the failure has to be the team themselves, a poor team can never properly lead a project well.

Well that's very correct but another cause of failure of project has to do with the type of community some are dumpers and they aren't interested in the project

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#35 2023-07-02 08:39:42

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: What do you guys know that caused the failure of some pre-mined projec

MRBEAST;17144 wrote:
Dozie;17121 wrote:

Well I am not certain but the major cause of the failure has to be the team themselves, a poor team can never properly lead a project well.

Well that's very correct but another cause of failure of project has to do with the type of community some are dumpers and they aren't interested in the project

One of the most factors that affect a project structures is "self dependent"  this sickness I actually tend to stifen the heart of a team to believe only on their own aspects of ideas.  This really affect if one didn't comes to understand that what you are actually seeing can be more different from other people out there. You mighr not know what you can expect.

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#36 2023-07-02 18:36:24

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What do you guys know that caused the failure of some pre-mined projec

Dozie;17121 wrote:

Well I am not certain but the major cause of the failure has to be the team themselves, a poor team can never properly lead a project well.

This is what many people do not know, there are so many cryptocurrency projects that their team is just made up of scammers, they don’t have anything good for the project but they want to scam the people who will invest in it, this kind of project will fail whether pre-mined or not.

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#37 2023-07-02 20:23:30

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: What do you guys know that caused the failure of some pre-mined projec

Investment fraud, including cryptocurrency fraud, takes many forms, but they all have one thing in common the big lie that you can make tons.

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#38 2023-07-02 21:08:50

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

Many crypto enthusiasts insist that these problems are temporary. In the long run, they see digital currency and the blockchain as foundational elements in a freer, more decentralized version of the internet.

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#39 2023-07-02 21:20:05

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: What do you guys know that caused the failure of some pre-mined projec

CrytoCynthia;17255 wrote:

Investment fraud, including cryptocurrency fraud, takes many forms, but they all have one thing in common the big lie that you can make tons.

They are can actually catalogue a phishing attack by a lie that promotes a certain phishing tools to be acknowledged and after been approved its can be late before you knew your safety is breach and that's how  you get keep off your wallets or get your wallet drained off stored funds.

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#40 2023-07-03 20:24:00

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

While Phishing Scams and Cyberthreats are Constantly Evolving, You Can Protect Yourself. Attacks Can Come from Scammers disguised as trustworthy sources to get sensitive data. Zero trust security. Stop attacks & threats.

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#41 2023-07-03 20:30:22

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: What do you guys know that caused the failure of some pre-mined projec

Detroit;17468 wrote:

While Phishing Scams and Cyberthreats are Constantly Evolving, You Can Protect Yourself. Attacks Can Come from Scammers disguised as trustworthy sources to get sensitive data. Zero trust security. Stop attacks & threats.

Once one can adapt to it necessary changes safety  proceedures without trying other things out on you private systems then you can always get continuous safety.

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#42 2023-07-03 21:05:39

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What do you guys know that caused the failure of some pre-mined projec

Detroit;17468 wrote:

While Phishing Scams and Cyberthreats are Constantly Evolving, You Can Protect Yourself. Attacks Can Come from Scammers disguised as trustworthy sources to get sensitive data. Zero trust security. Stop attacks & threats.

Phishing scams are evolving so fast, they can send them to your email or to your DM’s on social media, they can even send them to group chats that you share with many other people, be vigilant and do not fall for it, there are so many illegitimate links that will make you give your money to scammers.

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#43 2023-07-03 21:09:10

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

As the digital asset class pushes higher in terms of market cap, it has become more important than ever to ensure that your assets are safe.

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#44 2023-07-03 21:42:00

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,193

Re: What do you guys know that caused the failure of some pre-mined projec

The crypto market is thus in constant evolution and very far from being stationary, since new cryptos are introduced every day to solve various issues of safety and the like.

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#45 2023-07-04 09:08:56

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: What do you guys know that caused the failure of some pre-mined projec

CrytoCynthia;17542 wrote:

The crypto market is thus in constant evolution and very far from being stationary, since new cryptos are introduced every day to solve various issues of safety and the like.

Some people are likely not to witness any sort of hacks and threats, basically they know little but they actually but they abide with the rules.

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#46 2023-07-04 17:49:43

Lanistergame2
Member
Registered: 2022-12-25
Posts: 2,420

Re: What do you guys know that caused the failure of some pre-mined projec

Comrade;17635 wrote:

Some people are likely not to witness any sort of hacks and threats, basically they know little but they actually but they abide with the rules.

The chances of being a victim of scams and hacks is actually very low if you just keep to very simple rules. You do not have to be very experienced all you need to know are the basics of security and the do's and don'ts, with this we will not fall victims.

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#47 2023-07-04 18:45:16

Detroit
Member
Registered: 2022-12-27
Posts: 2,064

Re: What do you guys know that caused the failure of some pre-mined projec

Scams are becoming more complicated and many people fall victim to them. This can be very upsetting, but you don't have to feel embarrassed or ashamed.

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#48 2023-07-04 20:42:28

Camavinga
Member
Registered: 2023-01-06
Posts: 836

Re: What do you guys know that caused the failure of some pre-mined projec

Detroit;17670 wrote:

Scams are becoming more complicated and many people fall victim to them. This can be very upsetting, but you don't have to feel embarrassed or ashamed.

There are some scams that you have to be ashamed of, if you fall victim to pig butchering scam i think you should feel embarrassed because why should you trust somebody online when they tell you they love you, people have to do better and be wiser than scammers.

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#49 2023-07-04 23:27:38

full
Member
Registered: 2023-01-06
Posts: 2,634

Re: What do you guys know that caused the failure of some pre-mined projec

Detroit;17039 wrote:

Regardless, it is important to associate with communities that seek to help people better understand and stay updated about cryptocurrency.

Yes, joining groups that work to educate people about cryptocurrency and keep them informed is very beneficial.

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#50 2023-07-04 23:28:02

thrive
Member
Registered: 2023-01-04
Posts: 2,575

Re: What do you guys know that caused the failure of some pre-mined projec

full;17767 wrote:
Detroit;17039 wrote:

Regardless, it is important to associate with communities that seek to help people better understand and stay updated about cryptocurrency.

Yes, joining groups that work to educate people about cryptocurrency and keep them informed is very beneficial.

That makes sense considering how many seasoned professionals there are in the cryptocurrency communities.

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