Crypto Projects RoadMap and it Importance.

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Hi friends! how are you doing? Welcome to my blog, it's super good to have you back here. I trust you got value from my last post. I bring to you another interesting content, one that I believe you would find interesting as usual. In my previous post, we explored the concept "Meme Tokens", you can check out my blog to read through if you haven't.

Today, we would be looking at Project Road Maps and it Importance, what it is and how it works.. it's actually another topic of interest I felt like sharing with y'all. I hope you guys learn one or two things from this write-up.

Introduction

I think every rational person would like to be part of sometimes that is very solid, futuristic and has prospect. No one would like to be part of something that is not clear and defined. This same principle is applicable in the crypto world, investors are always careful when it comes to investing in projects.

They really want to be sure the project have a very clear objective and progressive route for the future. This is exactly where roadmaps come into the picture. We will be discussing this extensively in today's post. Let's get into it friends.

What is a RoadMap

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Roadmap is used to give visual representation of the outlined objectives, goals, deliverables, task and timeline of a project. This is used to carry everyone along so that they can all track the progress of the project even as they journey.

Roadmap captures in it the important milestones, resource allocation and deadline to certain stages of the project's. With this we can actually know where the project is headed and how it can arrive there, it also captures where it is presently and where it had been in the past.

Features of a good RoadMap

• Clear objective: A good roadmap is always clear with it objective. Mere going through it you would discover that there's no ambiguity with the objectives of the project.

• Definite Milestone: A roadmap should contain definite milestones for each stage or level of progress and development. This help to easily track the progress of the project.

• Feasibility: A good roadmap should have a feasible and realistic goals and not some bogus and unrealistic feats which could be a big turn off most investor who are prudent with their resources.

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• Regular Updates: A good roadmap is one that update investors about the progress made so far, including the financial aspect of the project and most especially, communicating changes made in the road maps...roadmaps are not meant to be rigid anyway.

• Dev Team/Partners info: It's not out of place to include in the roadmaps the information about the development team and partners of the project. All of this is to instill confidence in the heart of the investors.

Why you should go through a project's RoadMap

It helps you as an investors see the possibility of the project succeeding based on it long or short term goals coupled with the strategies for implementation.

The second reason is that it helps you spot the potential risk the project is likely to face and on the strength of this information, you can measure your risk.

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Nothing shows how transparent a project is than it roadmaps. If it not transparent enough, you already know what to do...

Roadmaps help investors spot buying and selling opportunities as they hit different milestones such as the launching of a new product or even collaboration with new partners. All of these even can greatly influence the project

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Bottom Line

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I believe by now you understand what Roadmap is and it importance. As my usual custom is, I would always encourage that you DYOR to be sure of every financial step you would want to take as I won't be liable for any form of loss encountered by you.

Feel free to share with me your thoughts in the comment section. Thanks for your time once again. Gracias!

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^{Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your own research and consult a financial advisor.}

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Regards
@lhorgic♥️

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