Utilities and Promise — The CUDOS way

It has been a known postulate that if you were to create a cryptocurrency project that you wish to thrive amidst the tumultuous tides of time and the market, you have to set standards and place plans that will go according to what you envision your project to be.

Yet despite this being almost a no-brainer rule, we still see 100s of projects being released every day on every single type of network die down in a couple of months, if not days. So the question has to be asked, why is this happening?

Well for one, people’s needs and wants vary from time to time and region to region, this is one factor that will certainly affect how your project will get by once it gets released in the market. It’s not enough that you create a utility, you have to make sure that your utility is something that some large portion of people in the network is in dire need of, no matter how small that group is.

Apart from this, you have to build trust. Delays are there and will almost always happen no matter how much you try to avoid them. What counts however is how you deliver the news to your people, and how you intend to ensure that they stay solid no matter what.

Let’s take CUDOS for example so as to not stray far, the project itself became operable only last year, during what some may consider one of the most dangerous times to release a cryptocurrency project, given the fact that people are more focused on, things that concern COVID-19 and avoiding losses both financially and in real life.

In spite of this, they were able to successfully keep the project running and alive and are now bound towards the second phase of their project after numerous testnet trials. This is because of the fact that since their release, they pushed to create a solid community, along with a well-laid plan that spans multiple phases of the project that leaves no investor guessing what is to come next with the project.

I feel like enthusiasts, and cryptocurrency project visionaries should take a page out of CUDOS’s book, a very successful project that stands the test of time and is undoubtedly to go against the odds of the ever-changing mood of the market and the cryptocurrency industry.

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