Topic: Unfinished Projects - page 5. (Read 623 times)
This is good advice first DYOR to determine if a project has a real world use case and then the remaining attributes like the professionalism of the team, roadmap progress, partnerships or other achievements to ensure you're investing in a decent startup
It's quite risky to invest in ICOs now I think. Too hard to predict their future. I would rather suggest investing in strong altcoins and BTC as well. If you decide to invest in ICO project you should check everything very carefully, do you own research.
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Many projects have dedicated team and idea but they have no fund to run their project. What about them then..? I know we are showing fake/scam project regularly now days (which are unfinished also) but don't we lost so many good projects because of that too..? If we are try to reach a good project we've must learn about what is project's mission, what is their visions, how much dedicated they are for their project and how much realistic idea they have providing.
True, although there are some projects that are indicated to be a scam or fake trying to do ICO, there are still many potential projects that really need funds, so they cannot be generalized. It's just that it was used by many con artists to seize the opportunity. Although it is difficult, we must thoroughly analyze the project before deciding to join. A real team with a real identity gives greater trust and can be evidence of what activities and progress have been made to progress the project.Many projects have dedicated team and idea but they have no fund to run their project. What about them then..? I know we are showing fake/scam project regularly now days (which are unfinished also) but don't we lost so many good projects because of that too..? If we are try to reach a good project we've must learn about what is project's mission, what is their visions, how much dedicated they are for their project and how much realistic idea they have providing.
However, I am also more interested in quality projects that are serious about establishing cooperation and sponsorship that can support their projects so that they are not too dependent on ICO, for example in other ways such as a private sale. Projects with substantial financial support have better opportunities and values. But that is rare, so if there were certainly many who would want to join.
Now no investor will invest money in a project that has an unfinished product. This is a huge risk and everyone knows it. The project needs to show really something worthy so that investors believe it.
That is the general status of new projects, after the end of the ICO or IEO, they will definitely abandon the project and disappear. I have been a victim of several such projects and I have lost a lot of money. It is best not to invest in new projects, just investing in the top altcoins in this market is enough.
Yeah, most of them are shits. After those times and shutdown, after a few months they'll comeback with a new name, new offers and new shitty promises. Then the cycle of fools will start again. They really didn't think twice upon shutting down and leaving their clients behind.Just think of it, when the project is a success, then what? You'll become a millionaire in an instant sith so many good clients and investors. Atleast no need to wait becasmuse if you'll apply some logic on your work LoL the continuous flow of money is unlimited, just let them roll and give what they need.
It's hard to find an already finished project from the scratch. Most projects are here to raise funds to kick start their project some do not have startup funds as well. Giving an finished project can still be mismanaged.
It is too early call to telling a project "failed/scam project" because of they are not finished yet. There are lot of projects out there whom started their ICO as a unfinished project but after their fund raised they developed their platform properly. Doesn't matter how they start, a good quality project always keep their promises, follow their schedule, submit their recent update to their community and always connected with their audience.
Many projects have dedicated team and idea but they have no fund to run their project. What about them then..? I know we are showing fake/scam project regularly now days (which are unfinished also) but don't we lost so many good projects because of that too..? If we are try to reach a good project we've must learn about what is project's mission, what is their visions, how much dedicated they are for their project and how much realistic idea they have providing.
Many projects have dedicated team and idea but they have no fund to run their project. What about them then..? I know we are showing fake/scam project regularly now days (which are unfinished also) but don't we lost so many good projects because of that too..? If we are try to reach a good project we've must learn about what is project's mission, what is their visions, how much dedicated they are for their project and how much realistic idea they have providing.
Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away
To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags
To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags
You said it all, that's the trend they normally use, start the development of a product then stop and start seeking for funding and once gotten, excuses will be the order of the day from which the project will be abandoned. Some will even rearrange the roadmap, extend it or remove one or two things because they have gotten what the wanted which is money. I think the best way is always going for projects with at least a working MVP, which is proved to be working before investors can consider such projects else, this issue of coming up with half plan, beautiful whitepaper etc then abandoning the project after public sale will continue.
Although it is a normal scenario, I think we really need to remind the investors to avoid such projects. I think there are good projects that have good concept and the roadmap are just realistic and feasible. After you have alrady researched about the team, you should sit down, study and analyze the whole project. Some projects were so good to be true, beware of that. The discounts for investors are very high and the rewards to the bounty were too high. I guess now that Bitcoin and Altcoins are not doing well, we need to consider all things before investing. Happy Investing and Good Luck!
But ask yourself this. Did Bitcoin ever need funds to carry out their plans? Until today, the devs who first started out never got paid, never got compensation. Except the coins itself was theirs and they had every motivation to push their project and make it have value.
ICOs and their alts all do it the other way round. Who needs millions to build software anyway?
Bitcoin is the first coin where devs will need money they just want their coins to be widely used by people so that these coins are more expensive examples such as bitcoin, so far the owner of bitcoin still has not appeared openly.
Sometimes for Altcoin, it takes a lot of processes, especially from funds to build projects, even though it is not certain if their sales are bad, the main point is that many projects in 2018 do not finish well or even fail in the middle of the road.
Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away
To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags
To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags
You're right! Most crypto projects really enter the market simply by enthusiasm without even having half their product. Most likely the admins of such projects believe that it is enough to promise the golden mountains and people will bear their money. Yes, it used to be, but now everything has changed. Now investors are better at exploring projects and without real opportunities they don’t enter. I myself take the project very seriously and 90% of them I miss.
That is the general status of new projects, after the end of the ICO or IEO, they will definitely abandon the project and disappear. I have been a victim of several such projects and I have lost a lot of money. It is best not to invest in new projects, just investing in the top altcoins in this market is enough.
Many of the projects that I follow are showing no sign of being developed, the developers only do the occasional answer to some telegram questions, including those listed. on the exchanges. I don't think I am interested in investing in any project.
There were a lot of these events in 2018, and some members predicted that this incident was caused by the collapse of the market so the development team took advantage in the midst of a bad situation. makes a little sense, because if we look at the beginning, ico will be fine during the period, and when they get a lot of funds, they are still running. some stopped in the middle of the road, but some continued until ico was finished but the tokens were not launched into the market exchange. or tokens are launched but to market exchanges that do not have high liquidity so tokens are not valuable, I think this also includes unfinished projects because the development team did not complete their tasks properly and investors were disadvantaged in this regard.
This project occurs usually because the developers are too carried away by the trend and not think about the long-term of the project, so the project stopped in the middle of the road due to lack of interest and appeal of the project. However, this project can be completed, but it is long and difficult to be listed on the exchange. When entering the market this project has a low price.
I think why they do fundraising when their project is halfway is because they need funds to carry out their plans.
Obviously these unfinished projects always concern funds. A blockchain project that has a very sophisticated platform should have a maintenance and coders and developers fee arent that cheap unless they are the one who knows how to run it. What Ive just noticed that some projects CEO are just businessman and hiring a lot od blockchain enthusiast that's why funds are needed continously. But ask yourself this. Did Bitcoin ever need funds to carry out their plans? Until today, the devs who first started out never got paid, never got compensation. Except the coins itself was theirs and they had every motivation to push their project and make it have value.
ICOs and their alts all do it the other way round. Who needs millions to build software anyway?
hmm im starting to understand and trying to get your point on here guys. so its about fund talk .
btc is i think started simillar to others but the difference is that the maintenance cost before were cheap compare to today because before btc dont have alot of competitors but look at the situation now , there are now many coins and most of them are good but if your new to this industry you might struggle to stand out if you are lacking of budget from promotions alone , not to mention other costs.
Thing is roadmaps would just indicate the sequential plans made by the team as the project goes around and gets worked on. The time that is posted in each part of the roadmap won't indicate that it is gonna actually happen at that time. Adjustments could happen when the team doesn't get satisfied with how their project is funded, and this is the cause of the adjustments/extensions of some bounties that some bounty hunters tend to complain at after the 3 approximate months of work they've made.
And who will stop them?
Who will stop it is not the question here, it should be "what". What can we do to stop them? I guess.The cryptocurrency sphere is unregulated, which allows everyone to do whatever they want without any fear of retaliation in the event of an unsuccessful or fraudulent outcome of events.
We cannot deny this but the fact that there are gullible people who are easily attracted to safe and extreme promises of great return of investments are enough to power up the steam of these scam projects. Whitepapers and road map is the basis of the legitimacy whether it is too good to be true or rushing, that is where the suspicious will fall in the first place. The only thing that can stop them is ourselves. Indeed, for any such kind of project, a community is needed.
If the community will ignore such projects. they simply will not appear.
Me as an investor I tend not to look for these kind of projects but there is a bit of hope in me that later on projects rose in 2017 will happen again. If the community will ignore such projects. they simply will not appear.
the same way you need to think before you invest in any projects that have a finished product. this of course increases your chances of success but still does not give any guarantee. you need to think before any investment.
That's the reason why most investors are now trying to get rid of new projects because most of them don't get finished successfully. It's just that there are investors who are trying their luck by taking the risks. There are still a few successful projects so most of them are still trying to invest despite having no guarantee of gaining a profit through it.
Many IEO and ICO have abandoned their road map after collecting money from the public and managing to list on the exchange. Where is Storique (STQ) that was tagged the Amozon of Crypto? raised over $25M and today it's a shit doing a swap, I refused to swap my tokens because I don't want any part with them again. Bankera collected over $150M+ mine is useless in Spectrum exchange. I am wiser now.
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