Most Alt teams have abondened their projects! - page 4.

swetka

full member

Activity: 448

Merit: 100

Quote from: Adunni6758 on January 31, 2019, 01:00:48 PM

It is a known fact that most of the projects are not just abandoned, but scam. The team of those projects were only looking for means to enrich themselves. There are still many of them being lunched till now.
It is left for every investor who intends investing in them to ensure that they do proper and adequate research first.
We need quality projects that will last long in this space.

I do not even know what to say about the duration of a quality project. If today we look at the Bounty campaigns, who practically the majority of projects spend their bounty companies for about 25 weeks, or maybe more.

Adunni6758

jr. member

Activity: 420

Merit: 1

It is a known fact that most of the projects are not just abandoned, but scam. The team of those projects were only looking for means to enrich themselves. There are still many of them being lunched till now.
It is left for every investor who intends investing in them to ensure that they do proper and adequate research first.
We need quality projects that will last long in this space.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

I guess you are right. Most of the altcoins/tokens have not done so well over the months. While the bear market be one reason for them not to grow but there are many projects whose teams have just gone silent.
No active developments, no active communication with the community etc.. All of this gives us a hint that the ICOs/projects we invested in are leaning towards growing indolent.

a4illusionist

jr. member

Activity: 365

Merit: 1

Thats true. They make quick money and then ran away with it. They don't have any concerns of what happens to the investors, all they wanted is to get rick quickly and they achieved the target. and thats all.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

although there are a lot of atlcoin projects that leave their projects but there are still quite a number of altcoins that can now be successful and the altcoins are the biggest exchange platform because the trading volume is very large, for example binance coins are very serious about developing projects.

Franzinatr

full member

Activity: 389

Merit: 103

There's many reasons why a founder/developer team abandoning their projects,
-Failed ICO
-Long time bear market (since more than half of a year)
-Can't promise anything they wrote in their roadmap/whitepaper because of lack or team or knowledge
-Exit scamming
-Fudding (this might a little reasons but it's effective on non-determined founder or team)

Correct me if i'm wrong if I'm missing something.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: DominickA86 on January 30, 2019, 09:56:54 AM

Unfortunately it is true, there are some ICOs that have collected huge money, like 20-60 million USD in their token sales, but they are doing absolutely nothing with their development and some of them are even not listed on exchanges.

ICOs don't like downtrends because of spending during development process. Sometimes they collect good amounts but conditions don't let them to do their job as required. Huge amounts are result of hard work,promotions,people who made tasks for this purpose and more.

lllaqpt

full member

Activity: 420

Merit: 100

Quote from: Tilbrook007 on August 05, 2018, 05:11:09 AM

It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!

You have allocated only cardano, and the same ripple or stellar. So far, only the ether and many pumps have done this, there is no support or development, and sometimes forks appear. This is of course sad and can lead to even more frequent corrections.

Maknae09

jr. member

Activity: 196

Merit: 1

Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: Tilbrook007 on August 05, 2018, 05:11:09 AM

It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!

They escape and prefer to do some other business here on the cryptocurrency space. Well, I guess they are some sort of a scammers in escaping to pay their bounty hunters for their work.

Ucy

sr. member

Activity: 2632

Merit: 403

Bisq is a Bitcoin Fiat Dex. Use responsibly

Well am OK with this as long as they didn't raise money.
I strongly think there should be a way of exposing and punishing scammer with breaking the ideals of cryptocurrency. They are ruining it for all. They do not mean well.

Tony116

legendary

Activity: 2072

Merit: 1023

casinosblockchain.io

Financial strategy of a project during a bear market will be a great indicator to choose this project for investments when bulls come. Here is the best qoute of Warren Buffet about it: "You only find out who is swimming naked when the tide goes out". The bear cycle is a great time to check projects real incentives.

DominickA86

member

Activity: 252

Merit: 10

Unfortunately it is true, there are some ICOs that have collected huge money, like 20-60 million USD in their token sales, but they are doing absolutely nothing with their development and some of them are even not listed on exchanges.

Ucheman

copper member

Activity: 94

Merit: 0

This is a very hilarious thread, how can you say that ADA is the only genuine coin with a genuine team? You didn't even talk of Ethereum or EOS that has had numerous d'Apps built on their blockchain, anyways everybody to his own opinion.

veekky

member

Activity: 490

Merit: 10

Do you know good teams who continue developing project? Recently I 've checked telegram of Decentraland and you know, they don't make commitmnets for a long time! It seems that even such potential project stopped development!

carrigan

member

Activity: 728

Merit: 12

We can see some teams may abandon their projects because they already know how the prospects of the project. they probably prefer to rebuild the new project with different concept and more interesting ideas for promoting and gaining the investors in order to get better projects. Well, who know about what actually their alt teams do.

pedpedped101

jr. member

Activity: 552

Merit: 1

Quote from: Tilbrook007 on August 05, 2018, 05:11:09 AM

It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!

It is good you still have a coin you can fall back on. This is unlike a case where someone is holding shitcoins almost all through. Most of those coins are just difficult to hold. If you are not careful you might see yourself losing.
There are still some projects that can be trusted and that are likely to have a lasting effect in the crypto space. I came across Hara and i knew we still have hope.

Prettymie

full member

Activity: 406

Merit: 100

Quote from: Tilbrook007 on August 05, 2018, 05:11:09 AM

It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!

This is the reason that we should research first before doing a long term investment or investing in ICO which the risk is much higher compare to investing on top 10 coins that we have in the coinmarketcap. It's unpredictable and volatile market that needs our knowledge and strategy to get profitable in our investments. Don't just believe on those hype and fake speculation from that team and its advantage to invest on those projects that has already real product.

dutechman

jr. member

Activity: 199

Merit: 1

Majority of those that have abandoned their projects are part of the problems crypto market is having today. Why won't they abandon it, since they don't have a good plan at the beginning of the project, they are scammers, fraudsters with the ultimate aim of gathering some money then you see them vanish. Why won't they abandon a project without a cogent problem aiming at solving? They are part of the fears and loss of trusts that many investors are nursing today about crypto. When the regulation of ICOs take full effect, it will mitigate the activities of these fraudulent teams.

siupang2

full member

Activity: 560

Merit: 105

Well not all ICOs, there are lot project that still working too, many project still do their job, but if the project is about tokenization property maybe it's take a lot of time because it's needed regulatory approval, maybe lot of project seems dead but they are doing development and not doing marketing because no benefit to promoting uncompleted product, and also if you do advertising it's not cheap at all better to allocate that money to development...

soramon

full member

Activity: 983

Merit: 100

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

The current condition is very bad. Number of scam projects is so high only few projects is genuine. The reason the project got leave by team is they actually scammer. So its important to make a little reserach before you join a project.

Topic: Most Alt teams have abondened their projects! - page 4. (Read 979 times)