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Topic: Many old coins are dead and abandoned by the developer, WHY? - page 3. (Read 690 times)

full member
Activity: 1024
Merit: 100
no funds, less popularity, bad team, and too complicated concept. this is the fundamental reason why many old projects are dead or abandoned. and what's worse is that when it was first introduced it had the full support of the crypto community and a large investment fund. but they don't last long, once they start to deviate from the project roadmap it will slowly die. The projects that I remember are PundiX, Dent, Nucleus, and many other old projects that have large development funds but seem abandoned.
hero member
Activity: 2366
Merit: 793
Bitcoin = Financial freedom
Either they nade enough profits by creating the project or didn't made anything. Most projects were created with no reak purposes which are the one will reaches the value to zero because their developers didn't tried anything to get their project stand out from ocean of similar kind of projects. But at the end its dead so there is no point of actually discussing about them that is why they are called as shitcoins.
hero member
Activity: 2772
Merit: 645
No dream is too big and no dreamer is too small
Either they wasted the money from the ICO investors and had to  cease all activities or they never had the intention to finish the project at all. Just were in for the quick n easy money and were scams from the beginning. Counts for most ICOs


Because in the first place, they have no intentions of developing their project. Just to lure people in throwing their money to their pockets. This is the reason why most coins are dead and abandoned by their developers. And sometimes, they are just second-rate devs, who are just copying someone else's code just to screw those naive buyers. And if there are sincere dev team, usually their enthusiasm to develop their project wane off when there's no more funds to use, so they just abandon the project even if they have noble use case.
Old coins that are said to be dead and abandoned were mostly came from scam projects that even its own developer has just leave it because its no use at all. Investors might have put their money on wrong projects and after several years, these coins are now considered dead coins or even shitcoins. And having these old coins for investment is very risky than investing from those new coins in the market that have high potentials.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
The focus of projects over the money were the one that have caused old coins dead and abandoned. In most cases, the development and progress of the project will be high, but it won't have good strength in the market. This happens because the services provided through specific project is just tokenised and doesn't have. By minimum viable product backing.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
Either they wasted the money from the ICO investors and had to  cease all activities or they never had the intention to finish the project at all. Just were in for the quick n easy money and were scams from the beginning. Counts for most ICOs


Because in the first place, they have no intentions of developing their project. Just to lure people in throwing their money to their pockets. This is the reason why most coins are dead and abandoned by their developers. And sometimes, they are just second-rate devs, who are just copying someone else's code just to screw those naive buyers. And if there are sincere dev team, usually their enthusiasm to develop their project wane off when there's no more funds to use, so they just abandon the project even if they have noble use case.
member
Activity: 546
Merit: 12
Either they wasted the money from the ICO investors and had to  cease all activities or they never had the intention to finish the project at all. Just were in for the quick n easy money and were scams from the beginning. Counts for most ICOs
full member
Activity: 1316
Merit: 105
developers created projects and tokens but didn't find use cases for their products and thus you can see them dead and abandoned. with the lapse of time the quantity of such projects will grow because crypto market has the limits.
sr. member
Activity: 1596
Merit: 264
It's either just that they're pure scammers (common).
The hype on the coin just drained out. Making everyone leave the said project not just the investors but those talking about it as a community.
Red flags for those possible abandoning of the devs would be rare to no repositories in their Github page. Projects have that mostly posted and it is obvious that it is abandoned when many months have passed but no pull requests have even been made.
hero member
Activity: 2674
Merit: 696
Dimon69
I have seen many coins to be dead because their has no utility and future plan for development. Maybe some of them can't get enough fund in fundraising phase. If any coin doesn't have the utility and volume then it can't attract the investors or traders to invest on it. People expect a marginal profit from investing assets as return.
Some altcoins have the same uses that is not beneficial for investors to use at all, during ICO hype same with DeFi hype they were active and gives good advertising that makes them noticeable, but once the hype gone developers ended up giving up their projects since maybe investors already trade. Off their holdings, so developers need to evolve and give always new outlook or ideas to make them noticeable.
member
Activity: 1274
Merit: 14
There are a large number of projects that the team no longer pays attention to. Some have abandoned altogether, others are going through hard times because teams are switching to new, more promising projects. Investors are more interested in new directions, the well-forgotten old is simply dead.
hero member
Activity: 1288
Merit: 967
When I examined old topics; I've seen many coin projects became zombie projects with hacking, team disappearance and insufficient technological development. There are such projects even nowadays. Therefore I'm very careful about choosing coins for investment.  This is why I am very afraid of long-term investments in coins except btc, eth etc. 
sr. member
Activity: 644
Merit: 260
- No Interest
- No Development
- No Solid community
- The project no use-case at all


I really like the points you made here, most old dead projects have most of these factors affecting them. Imagine when members of a community supporting a project completely lose interest in it due to declining coin price or absence of updates or development, the project will crumble eventually. Also, there is a vital point you missed which is lack of funding to continue with the project. Some few genuine projects which lack funding and hence can't keep paying workers, or keep up with developing product, marketing etc, still go under the radar. Truth about most altcoin projects is that they won't last long term before they go extinct or exit scam, just very few last the test of time.
copper member
Activity: 700
Merit: 120
Gamdom
I have seen many coins to be dead because their has no utility and future plan for development. Maybe some of them can't get enough fund in fundraising phase. If any coin doesn't have the utility and volume then it can't attract the investors or traders to invest on it. People expect a marginal profit from investing assets as return.
hero member
Activity: 1694
Merit: 516
The problem with old coins in my opinion that it needs a minimum number of active investors and traders to make a project attractive for new people. Without such a base of traders a coin is just not likely to survive in the long run. If there is no real traded volume in a particular coin over the last 90 days, I wouldn't start to invest in it either. Same goes for the developers, if they see less and less demand, it's just not worth it for them to invest more resources in their projects without a good return.
member
Activity: 462
Merit: 19
The problem about old coin is if they use all the funding raised from the project and doesn't have enough money to use to continue development they abandoned it . And that's why more of them failed and can't trust fully your money. I don't  say all old coins is negative there are still many old coins that's still exist and have good development . You onlye need to DYOR and enter only when there are good event that will happen to coins and Do not be a holder. That's what more people lost because they fully trust their money for coins and hold it for long which is wrong mindset.
I'm wondering how a crypto project development can takes millions of dollars to develop when you can build tokens for free this days, is the real problem the fund for development or the devs are just using funds to make excuses? I don't believe that projects need a certain money to run when we have many projects that don't use ICO or raise any funds for development
sr. member
Activity: 1036
Merit: 329
The problem about old coin is if they use all the funding raised from the project and doesn't have enough money to use to continue development they abandoned it . And that's why more of them failed and can't trust fully your money. I don't  say all old coins is negative there are still many old coins that's still exist and have good development . You onlye need to DYOR and enter only when there are good event that will happen to coins and Do not be a holder. That's what more people lost because they fully trust their money for coins and hold it for long which is wrong mindset.
member
Activity: 406
Merit: 14
Most dead projects are intentionally build to get abandoned later all, it's all part of the big plan, and some just end up dead because of the incapable team members, before you entrust your hard earned money to any project make sure the teams are crypto experts, real blockchain experts will handle new projects professionally
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
What do you expect from those shit coins? They don't have any real use case. Most of them are straight clones or aren't much different from the current well know crypto currencies. They don't offer solution to any of the current problems that exists with crypto currencies. Those that have potential aren't being developed properly and hence the community loses their interest which eventually causes the developers to abandon the project. These are just like 10% of those coins. Rest of the 90% were made to scam people.
full member
Activity: 1708
Merit: 126
Let's hope that abandoned coins like Spreadcoin experience revived interest from a new dev team sometime in the future.
Don't expect anything on projects that have died or been abandoned by the team because the team that has left will never come back, even if the brand returns, the rest will not attract investors anymore
old coins that are dead are forever dead

Once they lose the trust of most investors, it will surely be too hard for them to recover again so what they usually do is just to create new projects instead of pursuing the failed coins. Instead of hoping for dead coins to rise back, just move forward and invest with trusted and potential coins.
member
Activity: 1260
Merit: 21
Because they have no use case and was not created to have one either, those dead and worthless project that are being abandoned by the developers were created for short-term quick and easy money grab, anyone who hold those tokens believing they will amount to something in future are only wasting their time.
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