Enough of abandoned projects | Bitcointalksearch.org

anahata

sr. member

Activity: 523

Merit: 300

Quote from: KuromaYoichi on July 09, 2018, 12:16:57 AM

There's still a lot of failed project but i am agree with you that people must stop investing into a project without mvp. There's a lot of project from last year that haven't release anything till now and they collected a lot of money back then so there's a lot of people that suffer because of this. If people stop giving money so easily then the icos will raise their standard and the amount of failed project will be reduced.

I still see lots of people throwing money on useless ICO's. They should atleast realize that no big exchanges are listing any coins from last few months. What is the point of investing, if they never even get listed, and goes to trade on graveyards such as idex or forkdelta.

cr1st0f

full member

Activity: 226

Merit: 100

I think we need regulation who will check mvp and if there is nothing then its not acceptable to do ico, because 90% of ico only saying and not doing anything.

george_hured

full member

Activity: 644

Merit: 101

The crypto-currency market is famous for its ingenuity to deceive people. You did not think that many projects are really a big problem for developers today, they came up with an idea that really has all the chances for success, but how to implement it? This is important.

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

It makes sense to the devs teams

raise funds and keep large % of minting.... gradually dump as you lie about great progress...

abandon

come back with another great idea for an ico later

do the same again

ICO in unregulated form = 99% of losing money now.

Keep to BTC and REAL alts

blue08

jr. member

Activity: 322

Merit: 2

There are some project that is good and has a founder or developer team which has a background in business, but still, some are dropping its price below ICO rate when it reach the exchanges and having a hard time to recover. The bounty hunters has a big factor in dumping the price and some investor is losing interest once the price is dumped already. So the dev team should have a great strategic plan in order to maintain its price without falling below from the ICO rate.

starplaks

jr. member

Activity: 322

Merit: 1

The question is how this trust will be received, because earlier projects were also promising, but nevertheless, after the ICO everything ended!

KuromaYoichi

sr. member

Activity: 756

Merit: 251

Sovryn - 300-500% APY on USDT Deposit

There's still a lot of failed project but i am agree with you that people must stop investing into a project without mvp. There's a lot of project from last year that haven't release anything till now and they collected a lot of money back then so there's a lot of people that suffer because of this. If people stop giving money so easily then the icos will raise their standard and the amount of failed project will be reduced.

TommyJr

newbie

Activity: 56

Merit: 0

I totally agree with you. I think soon there will be changes which would bring revolutionary impact on the market. Let's see what happens.

gucci belt

jr. member

Activity: 224

Merit: 1

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

I think there will be selection in any competition, but unfortunately crypto is more complicated than others, especially on new projects. We see a lot of projects that are quite successful when ico, and do not last long. And we never really can tell which project is right and which is being manipulated.

ShareAccepted

member

Activity: 336

Merit: 11

Victorieum Digital Wallet Revolution

It is the price we pay for being in this competitive and awesome market. Some of the projects are simply not destined to win, and others are.

zxrcoin

newbie

Activity: 252

Merit: 0

The market of crypto currency is based on blockchain technology. One of the key characteristics of this blockchain technology is that it is based on the decentralized network. In this system, there is no one to regulate or mandate the rule over the market. The foul people are taking this advantage to fool the investors. I hope that soon there will be a way to solve this problem.

ambisyon

jr. member

Activity: 322

Merit: 1

I think that there are many abandoned projects leaving behind after the campaign and token sale of a certain ICO's. People investing to such ICO and bounty hunters had been in a very disappointing situation where after they had put their investments and participating in bounty campaign for almst 8 weeks or more were being left behind with no reason behind. It is very unfair for the investors and the bounty hunters for such incident as this one. would suggest that this ICO's should be properly screened and verified if it is a legitimate one.

Jonnitor

member

Activity: 378

Merit: 11

yeah i had enough of abandoned projects, im so disappointed with what happened after i did my job promoting their project. i hope this wont happened anymore in the future, and also i hope that this developers will be punished.

cherryscarlett

member

Activity: 238

Merit: 10

Power the World for FREE

However, most of the hyped ICO projects are still dominated.
Most of the technology used by the token has not been recognized by the market, people still tend to hype.

jokowo

jr. member

Activity: 266

Merit: 2

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

A project with live products will probably give more confidence to investors. But it should be underlined, that not all projects have the same direction with their tokens. Projects can be successful, but tokens will have values in the same way.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

How can someone offers unique projects and products when i guess all of the available for development had been released by all ico,imagine thousands of project had been applied in altcoins so i think there shoukd be no option for them to release,what they need to do is upgrade each and make new things to attract investors

Gr4yF4ng

newbie

Activity: 57

Merit: 0

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

I totally agree with you. So many altcoins in the graveyard because the companies make big promises and fail to deliver. There are a few good altcoins that have gotten hurt in the bear market that have good potential though. Shopin and especially Morpheus Network are likely going to perform well in the next year. Morpheus has a token swap right now, so wait until that's finished and then buy a few thousand coins for a cheap price to secure a masternode. They're creating a supply chain platform to optimize the global logistics industry.

duchaitp

member

Activity: 308

Merit: 10

I think that in the future the number of ICO projects will decrease. Only good projects are of interest to investors. So the market will be cleaner.

enhu

legendary

Activity: 2492

Merit: 1018

Its been going for years already. Those who were here long enough have witnessed all these and time again it always happen investors doesn't even think whether they are scam and I must admit I have sent BTC and ETH to some of it because it looks very legit. Anonymity has helped those scammers but thanks to those scambusters. There used to be users who are keen to asking high ranking escrows but I guess they are not very active these days unlike way back. Scammers are also becoming clever that they will have their own MVP sometimes.

commander11

sr. member

Activity: 547

Merit: 250

0x3f17f1962B36e491b30A40b2405849e597Ba5FB5

Quote from: Tactical Genius on July 06, 2018, 05:35:59 PM

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

If only we had an independent organization (separated from government) that in polished the rules and guidelines in every ICOs out there that wants to bring innovation, then this problem will eventually fade as we strengthen the guideline. But there is no such rules. And the SEC is not making a positive and vivid move about this ICOs craze either, they are just punishing those who violate the rule and not making any positive foundation for the betterment of innovation.

Megababa

newbie

Activity: 119

Merit: 0

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.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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.

bombie1

newbie

Activity: 112

Merit: 0

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.

a2offrb

full member

Activity: 453

Merit: 101

RISE WITH RAYS FOR THE FUTURE

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.

lovly

jr. member

Activity: 101

Merit: 1

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.

Harribel03

newbie

Activity: 99

Merit: 0

Quote from: Nethermore on July 06, 2018, 05:22:05 PM

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.

Bonwin

member

Activity: 798

Merit: 38

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.

chocopapaya

full member

Activity: 686

Merit: 131

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.

crenfrosck

member

Activity: 470

Merit: 12

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

?

lifesgood10

member

Activity: 378

Merit: 13

Quote from: temilade200 on July 05, 2018, 10:44:51 AM

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

bedulook

newbie

Activity: 112

Merit: 0

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.

Gab20

jr. member

Activity: 714

Merit: 3

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

Slimztee

newbie

Activity: 126

Merit: 0

Quote from: Nethermore on July 06, 2018, 05:22:05 PM

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.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

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.

Bavaria

hero member

Activity: 1032

Merit: 502

Quote from: big_bankir on July 06, 2018, 05:42:44 PM

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.

big_bankir

newbie

Activity: 102

Merit: 0

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.

Olafs

newbie

Activity: 29

Merit: 0

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

Tactical Genius

full member

Activity: 434

Merit: 102

Leading Cryptocurrency and Blockchain Company

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

Nethermore

newbie

Activity: 224

Merit: 0

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.

Crypto_lion

member

Activity: 630

Merit: 11

NEW MEDICINE:Faster, Safer, Smarter

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.

temilade200

jr. member

Activity: 378

Merit: 2

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.

Topic: Enough of abandoned projects (Read 431 times)