Topic: Why do some people stop their crypto project? (Read 22883 times)
I don't think they're going to stop it even though the market conditions are very bad these days, I think they're delaying the list of exchanges, distributions, and the market is starting well. I'm sure their work process remains on the road.
Welcome to the world of cryptocurrency friends, many scam projects have sprung up even with fantastic coin allocation budgets that could be just a trick to trap investors into a trap, because not many developers are willing to return the assets you already have when a project is permanently terminated. suddenly, and this is usually triggered by internal problems from the developer and of course financial related, if this financial problem they can't handle, many developers run away and let go of responsibility for the projects they have created.
There are several reasons why developers leave a project, one of which is because the project has been indicated as a scam and there are disadvantages if it continues. therefore both the developer and the bounty must be really careful in choosing a project so as not to make a loss. a project can be seen as good if the team is professional and the project concept is also good. that's what I usually see before participating in an ICO.
in most cases, there may not be a favorable response from their market. especially if a new project is just listed on the market. Several new projects in 2018 have claimed success but are unable to carry out their projects. some have just walked for a while and then died. some have entered the market but cannot compete with other products that have the same concept.
In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
Sometimes there are personal matter that comes in every business , I have been in the same situation before that we tend to make a business with complete package with my partner , but in the end because we have some differences in our decisions and style? we decided to give up the business and proceed to our own life.this is what happens in some projects here and we cannot blame them from their decisions.
things like this are certainly an act of cheating that is detrimental to us, but we also have to look from the direction of the developer because not everything that the project is doing is a scam but maybe in terms of the shortcomings of the most important enthusiasts. when they run something, of course, the expectation will get a profit and many investors will participate, but if there is a lack of enthusiasts, it is not the profit that will be obtained but the opposite.
If it's a scam project, of course I don't need to write it again because now there are so many scam projects that are rampant
If it's a scam project, of course I don't need to write it again because now there are so many scam projects that are rampant
I listened to interview with the guy who has crypto project. He said that the first reason is money.
- Money turn your head. If you are not a business expert, you have a very big chance that you put money in a wrong way. Also investors with a large share of shares push you to make money, not to create project
- Motivation is the second problem. Too much or little money decreasing it. With little money your MVP is chipper and it can't compete similar products. And with much money you pay more than need and sometimes it ends at the end of the path.
- A lot of project just SCAM.
Most project developers stop the project not without reason, they do it mostly because the softcap that was targeted in collecting the presale / sale project has not been achieved, because it has exceeded the sale coin project time and still has not reached the softcap, then the project has to be stopped
the biggest reason was that the project was less popular and underfunded. and the other reason is that they were a scam project from the start. this is the main problem of the new project at this time. So it's best not to invest in new projects just doing development, because projects like this are very often stopped.
A large portion of this happens just in scamming purposes project. Indeed, even effectively finishing the deal, it will normal like popping bubble it would vanish in a matter of moments in light of the fact that the project has no critical utility. All duplicate and glue features from the fruitful ones, that is the reason its critical to consistently do your broad exploration. Its OK to take risks on good projects, yet it will be imprudent to face challenge on an ineffectively investigated project
Every project that is terminated there must be some reason, we do not fully understand why it was done, maybe the team that worked inconsistently in developing the project or it could be that the team members who ran away were irresponsible, in cryptocurrency there are also many large payment modes so they are unable to manage in the end stop or are suspended suddenly we just take the positive one, maybe there are problems or errors in development so we have to be more careful before supporting a new project that appears
It is called exit scam 
I have seen many great , seemingly legitamte projects slowly fade and die . Most likley it is their plan to seem like they are working just to take their raised funds and leave.
The project team are the one who get benefits to the project because they get a lot of coins very cheap and once the project are successful they sold their assets they have and they get a lot of profit and they abandoned the project and the investors who are the one suffering for decreasing the value of the coins or no improvement happening because people will not invest to the project that the time was already left. I have seen many great , seemingly legitamte projects slowly fade and die . Most likley it is their plan to seem like they are working just to take their raised funds and leave.
The thing is, most of these projects do not come from an idea of "lets improve upon the world", bitcoin was like that, it was created because satoshi nakamoto saw a big gap in the world of finance and created the perfect currency, it wasn't supposed to be even like this, it suppose to be a currency that people spend everywhere, that is the ideal point it should reach, whereas we are in a world where people buy and hold it (I do too) to make more money.
Most? I would say all actually, with the exception of very very few. I think people trying to improve the world are few and crypto, really isn't filled with such people. Even I would admit if I did a project it wouldn't be to change the world or make it better, it would be to profit from it. Projects don't want to admit that but they really should.
It is easy to determine why a project does not continue to be developed or in other words becomes unsuccessful as others say there is a lack of funds and the second is that there is no expert skilled for their project and another reason is that there is no investor so hard to make or build a project I can't complete the components.
Nope, it's not as easy as you say. Lack of funds is the worse excuse too. Bitcoin didn't need funds to develop in the first place and any new project should also not ask for money to make initial development. ICOs proved this funding for devs was false also!The second reason is true though. Not enough talent and all the best ones already have great jobs.
Nowadays though there is nobody that does that, there is people who just buy and sell, and the new projects come out looking for money as well. I have been part of many many different projects and one that was huge, and I can tell you that it doesn't take 1 dollar to build a new coin if you know what you are doing, of course it requires a lot of talented people to get together but that is what it should have been about anyway.
If it is reasonable, we have to agree with the decision. But they should send back the investor's funds, if then the project is really stopped. The team project also needs to announce it officially. If the developer do it, I think we should respect the developers.
Impossible thing to happen because 99% of them would just simply say that they stopped but havent giving out those investors funds and scam it right away.Most of them would just push through on the project launch and make out some tokens but still ending up on having no value and just leaving those investors in the air.Somehow there are project owners/developers
which did really return out those funds into those person who do invest intially which is really a rare case scenario and doesnt happen from time to time.
It is easy to determine why a project does not continue to be developed or in other words becomes unsuccessful as others say there is a lack of funds and the second is that there is no expert skilled for their project and another reason is that there is no investor so hard to make or build a project I can't complete the components.
Nope, it's not as easy as you say. Lack of funds is the worse excuse too. Bitcoin didn't need funds to develop in the first place and any new project should also not ask for money to make initial development. ICOs proved this funding for devs was false also!
The second reason is true though. Not enough talent and all the best ones already have great jobs.
Developers have reasons to suspend projects that they have run for reasons of the market situation and the lack of interest from investors in new projects, failure to achieve the soft caps they are targeting can temporarily stop the project until the developers get the funds they are targeting to develop projects with minimal funds.
but if the project is terminated without notification it will have negative effects for the continuation of the project, and many people will be harmed, so that when the project is continued, many people will doubt because of the unilateral decisions that were taken.If it is reasonable, we have to agree with the decision. But they should send back the investor's funds, if then the project is really stopped. The team project also needs to announce it officially. If the developer do it, I think we should respect the developers.
You and I know that this will not happen because I am yet to see any failed crypto project where the developers went out of their way to refund investors money, I could be wrong in all but just saying that I have not yet seen one cos I have been involved in some failed project and also most of them don't even have the courtesy to even inform the investors why the project has failed, they just abandon and leave and for the few I have seen that voices their issue, it has always been about funds. If it is reasonable, we have to agree with the decision. But they should send back the investor's funds, if then the project is really stopped. The team project also needs to announce it officially. If the developer do it, I think we should respect the developers.
those who are serious and honest when stopping their project will of course do the way you say.the problem is usually triggered by internal problems from the development team. there are also related to finances that they can no longer handle. and when the problem is financial problems, many of them run away and are irresponsible.
In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.
Lol welcome to crypto. 99.9% of what you see and read is a scam so look out. Most altcoins serve no purpose other than for a quick buck for the "developers". Best to stick most of you crypto stack in bitcoin and only put in alts what you expect to lose 100% of. Anything less and ypu will be disappointed many times over.
but somehow there are really some worthy projects that you can invest on but finding that one would be the toughest challenge of all.When it comes to those developers on stopping their crypto project
then most of them are indeed just trying to suck up peoples money and once busted then they would just simply scam and create another one.
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