Hello everyone, you must be wondering what the development process of a project is like from forming an idea to releasing a product token and ending? Now, I am writing this article to depend on each stage that I participated in before, right from the first step from the perspective of my personal observation in the process of doing research and odds hunting.
Phase 1: Come up with ideas and establish a project development team
The first step is to come up with an idea for the project and identify a problem that solves a need that the market needs. Once the concept is formed, a project team is assembled with the CEO, CMO, COO, Design, etc. to begin the process of developing market research to ensure the project will stand out among competitors. . They also plan to develop a Whitepaper or Gitbook, token announcement, roadmap and design of web and social sites such as Twitter, Discord, Telegram. It must be detailed and provide a clear understanding of the project to investors.
=>> At this stage, only very little information is made public and no investment can be made.
Phase 2: Calling capital
At this stage, the project will split up to raise capital, usually from the relationships of the dev team. The more famous the dev is, the more capital they will raise. Because most of those who do projects start from individual investors or before that, they are investment funds, financial advisors... they will raise capital with relatives and then ask friends to introduce them through their network. At this stage, whoever introduces you will also share the commission. As you know, raising capital will allow you to buy tokens at prices such as Seed, Private, Advisor,...
=>> At this stage, there are many people who introduce the project, maybe from the fund or even acquaintances with the project, helping the project raise capital from the funds and earn commissions.
Phase 3: Project development and marketing for that project
At this stage, when there is capital, the project will develop strongly to produce products. Previously, the gamefi, move to earn trend was for games that had source code purchased from China. The devs came back to adjust the connection to the Blockchain part and it would be very successful. fast. After everything is done, they test the technology and check whether the project is ready to launch or not? After testing the technology, the project is ready to launch and marketing begins. This involves creating a website, marketing the project, and creating partnerships to help grow the user base. The purpose of the project is to start promoting light communication by combining with parties such as: AMA with community fund partners, Testnet, Recruiting ambassadors, Airdrop / Bounty, Running Ads, Book review. >>> This stage makes money by hunting for AMA products, registering as a representative, being a Community Manager to take care of, answering questions for the community, Hunting for Airdrop/Retroctive, receiving review seeding for the project
Phase 4: Launch token and continue marketing
The group will launch an ICO offering or token sale to raise funds for the project. The project will be listed on coinlist, the project will be suitable for the grass floors. When the token sale is completed, the project will distribute it to investors and then list it on exchanges. This stage will be the stage of raising community capital or marketing with the community, using the forms mentioned above. Small individual investors can participate in a limited number depending on the level of influence, while still maintaining AMA, airdrop activities...
>>> At this stage, you should participate in IDO/ ICO/ IEO.. hunt for AMA products, hunt for Airdrop/ Whitelist, get reviews, watch for good prices
Phase 5: Maintain and update the project
Once the project is launched, it is essential to maintain and update the project regularly. This includes bug fixes, software updates and adding new features to ensure the project remains relevant and competitive in the market. For example, launching additional campaigns such as selling NFTs, etc. in conjunction with the MM team to draw charts and a series of KOLs reporting will be buffed by the project.
>>> At this stage, priority is still given to hunting for AMA products, hunting for whitelists to buy NFTs,...receiving seeding/reviews and buying when determining signs of pumping + media news
Phase 6: Build/Marketing and Pump or Dump
At this stage, the project team has had enough to eat and only the top swingers play with each other, either spending capital to build and maintain project development or abandon the project to do another project, these are the previous trends. Then I quit making new things a lot, because the source code is bought in China, so building a new project is quite easy. Depending on whether the project is 'hot' or not, the project will have the following two decisions.
1/ Build/Marketing and pump
If the project still has many new chickens and the market situation is still stable, the project will spend money to build, continue marketing and pump. If you want to eat, you should observe but it is recommended to stay outside.
2/ Dump/Dump
If the market is unstable + there are no new users, the project will abandon the project and dump the remaining assets and do another project.
In general, developing a basic project depends on the market situation and many other factors. Of course, there are many projects that are bad and by phase 2 or 3, the developers have already taken the money and run.
Through the article, we can see that it is not necessary to buy tokens to make money if you still need to determine what stage the project and the market are in, from there choose the best location to participate. family.
