Topic: Enough of abandoned projects - page 2. (Read 461 times)
I feel we all have a role to play in this. Over 85percent of projects become abadoned after ico and the team fails to deliver on promises. I think if investors stop investing in such projects without mvp. They won't reach soft cap instead of launching.
It is high time the crypto space be ruled by projects with good tech, projects with working MVP.
2017 or earlier was the best days for ICOs and now most of the projects are saying the same thing that they are a good project and better than bitcoin and the rest.2018 and subsequent years in the crypto space, should be ruled by projects with good products and physical assets that would give more credence to ICOs.
This year can be the year that most of the ICOs shall be eliminated to reduce scams. And only the projects that has real company/business with valid authenticity and proofs are the once that must be allowed to run with it.
it is true because the project that do not have products relevant for society do not often stand the test of time.They easily die out of the system.Those products are not solving any potential problem in the world so the tokens cannot appreciate in value and eventually die out.
You seems very right with deep sense of humor. But the fact remains ''who shall bail the cat?'' ICOs are springing up day in day out with varied objectives of their Developers. Some are scam while some failed out or crashes based on their less or ill feasibility studies , though very much pathetic because a lot of capital sum invested on their parts are lost. I feel the bunch of onus strictly lies in the hands of those investing in these ICOs with extra or due caution which I believe majority are now other than from inception more careful of loosing money. By this, products/projects of poor qualities or abandoned are steadily withered.
I agree, of course ICOs project must have rules with good technology, because investors certainly want the money they invest can bring good results, and the products they have invested in demand in the market, let alone the number of newly emerging ICO just enliven bounty competition campaigns that ultimately hurt many people and become a project that failed / scam, therefore we are currently very careful in choosing a project so as not to lose.
New projects are being created in the market of crypto currency everyday. Without good planning, management team and funding a lot of them fail to continue. This leaves the investors in loss. As time goes the number of failed projects will reduce as investors will gain experience on which project to invest and by observing the mistakes new project will avoid the mistakes done by failed projects.
There are some projects that have good idea when it comes in building new technology and properly using of smart contracts. But because there are scam projects, the investors here can pull out the investors in real project due to the fact that the people are easily encourage by highly percentage of ROI. Therefore, the genuine one is failed and the scamp project is funded by the investors. The tendency here is to leave crypto and make a new one which results to the failure of everyone.
So many projects and coins are facing off gradually, not just because they did not start well, but because they lack continuity. For those projects, it is clear that their aim from the initial stage was to just get their own share from the space and abandon the project.
Hasn't it been going like that this year?
Take a look at the ICOs this year, there is no more money in wild speculation.
All the no product ICOs have done horribly this year
On top of that, all the top 50 coins that have had no development progress are being replaced by ones that do have.
This past 7 months was a huge wake up call to the market and I believe it is showing strong signs of maturing.
All the fomos have dissapeared at a loss and those that stuck around learned their lesson.
The end of this year will be really interesting.
Anything with stability or is compliant will do well while the ones based off of hype will all but disapear.
Now is the time to trade off things to prepare.
Take a look at the ICOs this year, there is no more money in wild speculation.
All the no product ICOs have done horribly this year
On top of that, all the top 50 coins that have had no development progress are being replaced by ones that do have.
This past 7 months was a huge wake up call to the market and I believe it is showing strong signs of maturing.
All the fomos have dissapeared at a loss and those that stuck around learned their lesson.
The end of this year will be really interesting.
Anything with stability or is compliant will do well while the ones based off of hype will all but disapear.
Now is the time to trade off things to prepare.
No one is happy about projects that just vanish with investors money, but they are still a part of the market. Why? We are still in a phase of excitement: where people throw money at random people and they hope that this part of developers will make them rich. As a huge majority of people is due to the existence of crypto able to invest into this kind of assets for the first time in the entire history, it is clear that everyone would like to take a piece of the pie. The problem is that there are not enough pieces for everyone and some of them are going to starve forever. Anyway, the market will regulate itself eventually. People would demand to see a proof of work from devs and if they want to succeed, having an idea will not be enough- executing it will be the key. Don't worry, the actual phase is not going to last forever and investors will be more exigent on leaders, which can not be a bad thing, am I right 
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? It is high time the crypto space be ruled by projects with good tech, projects with working MVP. 2018 and subsequent years in the crypto space, should be ruled by projects with good products and physical assets that would give more credence to ICOs.
Centralization ..we need regulation ....
I can list many ICO that frizzle out in due time because their sole aim was to make profit and dump the project
So probably regulation helps us out
But we can’t be feeble
We need to widen up make researches and avoid those kind of projects totally
That is the only wAy forward
Most projects are just try and luck with the team members lacking solid foundation in the field they intend to raise ico for. As a results, there isn't any option to abandon the project when they face difficulties.
Sincerely, some developers just come to the space with the mentality of making money and nothing else. They do not intend to develop the project, nor do they intend to contribute their own quota towards the uplifting of crypro
New projects are being created in the market of crypto currency everyday. Without good planning, management team and funding a lot of them fail to continue. This leaves the investors in loss. As time goes the number of failed projects will reduce as investors will gain experience on which project to invest and by observing the mistakes new project will avoid the mistakes done by failed projects.
Personally these I'd rather these so called projects fail at conception stage and not after they've fleeced people of their hard earned money. Reason I'm in support of some form of regulation for the crypto space, as it will help mitigate against unnecessary loss of money.
Yeah i fully agree with you and support your point, we have seen enough of fake or low quality projects and it is the need of the hour to set somefilters for icos that distinguish high quality projects from others, in the future i think there will be kyc and regulation for every ico at global and official level so that investors can be saved from scam and money grabbing schemes and fake icos.
Most ICOs fail mainly because of a lack of knowledge in the management and promotion of the company. If the project has a good product, but its founder does not know anything about running a business, then the ICO is doomed to failure. That's the point.
Not everyone understands, that many startups just didn't mean to do anything after token sale. For them it's was an easy way to earn money.
Most ICOs fail mainly because of a lack of knowledge in the management and promotion of the company. If the project has a good product, but its founder does not know anything about running a business, then the ICO is doomed to failure. That's the point.
many shit projects at this time. i dont know why, maybe the project only wants investors money
if let it be, that will affect on investor trust
if let it be, that will affect on investor trust
This is a very sad development which we must admit. A lot of projects raise moneys that is way in excess of what they need yet we never see any product and they keep delaying timelines and even when they finally get a product it is highly buggy or unstable. Satoshi didn't need an ICO but came up with bitcoin which has existed till date why cant people do same?Scams are now abound and some come up with brilliant ideas only to realize it isn't that easy
New projects are being created in the market of crypto currency everyday. Without good planning, management team and funding a lot of them fail to continue. This leaves the investors in loss. As time goes the number of failed projects will reduce as investors will gain experience on which project to invest and by observing the mistakes new project will avoid the mistakes done by failed projects.
Honestly I feel like this is just that starting as we are still at a hype.Although investors have become more rational than before it will continue till the end of the year.
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