Topic: Why do some people stop their crypto project? - page 14. (Read 22938 times)
maybe the person doesn't finish the project (stop their crypto project), because they give up or believe that their project will fail and no investor wants to invest in the project, so instead of spending more money on completing the project it would be better for him to stop the project, but I think this will disadvantages people who have invested in the project from the start (although sometimes there are some project that return investors' funds if their project fails).
I think people stop their projects midway due to different reasons depending on the present circumstances. Some projects exitscams, some projects do not raise enough funds during Crowdfunding to develop the projects
It is up to investors to do their due diligence and invest right
It is up to investors to do their due diligence and invest right
usually the project stops due to insufficient funds or not reaching the softcap. they cannot get a license like what happen to Adab they have a lot of alibi and bad reasons to stopped their project some alibis involved the Covid like what happened to Geomadao, each project has their own reason and if they did not refund their investors then we can consider them scam.
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.
I think most developer left it because they feel that there is lack of interest from investors or public. There are many reasons like some projects are just scam. They will run off with peoples money and stop the project so everyone should do the detailed study of projects before investing.
I think this is because there are problems in the project such as : not enough funds or not enough man power to run the project, lack of adoption, etc. If the project have sufficient resources in their project, they wouldn't pause or even stop the development of the project.
becuase they don't have enough funds to continue the project or they were on purpose to cheat the investors my friend
thats why we must do a deep research before investing to reduce the risk
And thats also one of the reason why they are trying to scam investors because of these the funds are not have, and actually we can find them in the bounty altcoins. If we are not careful of the project we invested or the bounty campaign maybe all the funds we have will be gone instantly. And if we have really care of our funds and account must be careful all the time that we encountered many pojects and need dip search on them. thats why we must do a deep research before investing to reduce the risk
I have also examined this situation as a hunter I have joined many projects which were looking great project and promising but at the moment they are disappeared without any news like Bither,datablockchain, plaza etc. This is really painful situation, especially for investors.
There are a lot of reasons why developers stop, some ran out of budget to proceed, mismanagement of funds, lack of exposure, or unable to gain partnership. Some developers simply sell everything to gain profit and run away, there had been a lot of scam projects who never had a working product. Also the current market situation delays some projects' development.
yes, many factors brought the project to a halt. whether it's because they don't know how to properly manage money, or something else. what is certain is, his team didn't prepare for that. actually quite a lot of things like this happen in the development of a project. its development has stopped without anyone knowing the reason. 
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.
Having a project is like a gambling wether you win or you lose, in this crypto world having or launching a project is very risk especially if an owner of that project invest a huge amount of money in order for a project to be successful. In your statement if people behind the project tend to leave the project maybe because they are getting hard of winning the project in the market. They lose their money already for the promotion and marketing of that project so better leave it before losing all their assets.
They stop their project because Devs already got the investors money and doesn't have any plans for the project he made and just run away with investors' money.
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.
There maybe several reasons but the most prominent ones are 1. They used the hype to raise money to run away with it
2.They had a vision but they were never good enough to implement it in the project and they slowly use the money and stop the project after they run out of funds.
There are a lot of reasons why developers stop, some ran out of budget to proceed, mismanagement of funds, lack of exposure, or unable to gain partnership. Some developers simply sell everything to gain profit and run away, there had been a lot of scam projects who never had a working product. Also the current market situation delays some projects' development.
There can be many reasons, first some stop their crypto projects when they run out of ideas thus proving that the whole set up was built on hype. Some also stop when they have exhausted the funds they generated, although the team can also steal the funds and claim to have run out of funds. Also, another reason which doesn't happen all the time is stopping the crypto project because of regulation, in this case the team can't be blamed 100% although some blames can be channelled to them for failing to carry out a good research on their location and its regulations before launching the project.
Most of the set objectives that is too bogus. They want to achieve something that will take years to achieve in just few months with the hope of getting money in form of contribution from the people but when they face the real work, they will realize that they have long way to go which might means they will need more funds. It become very difficult to tell the community because they wanna keep the vibe. At the long run, the project become inactive
i Agree with that. These are the common possibilities why some developers failed which causes to stop the project. lack of funds, lack of future plans, project managers/developer who lack experience and training, and inadequate risk management, but other says some of projects that failed and abandoned with no justifiable reason is 100% scam.
Some couldn't countinue and some finally scam, Also some projects manage the future in a new way and some projects run away completely. However, in my opinion investing in such a project is very risky, so refrain from investing.
Some projects can't use their money to develop a proper product that can bring them regular profit and that makes those are only wasting a lot of their resources for nothing and this is also a way for the project to stop their project too. It's not so risky as long as you know that point so well. 
There can be a lot of reasons, for example, the government of any country can prohibit any cryptocurrency project, or simply the developers, for their own reasons, do not want to further develop their project and close it, or for some other reason, there are a lot of them.
Yes, and the point is that developers who are always looking for reasons to close projects are developers who do not have the experience or knowledge to make a project develop, if we look thoroughly, there are still many countries that have not accepted the presence of crypto well, but successful projects in countries. different things are always there every year. There are lots of reason and circumstances why developers decided to stop a project. I remember one project before,i was hired as a community manager and after like 4 months there is no progress and they had been scammed by their marketing director so the team decided to stop the project coz they are losing a lot of money.
One common reason is lack of budget. It will be hard for a project to succeed if you only have a minimal budget for it.
One common reason is lack of budget. It will be hard for a project to succeed if you only have a minimal budget for it.
It's quite unfortunate that even a party to the project, ripped the project of funds. The issue of budget and finance seems to be predominantly a factor for legitimate projects closing down. It feels really terrible to have a potential great project get abandoned because of finance and distress within the team.
There are lots of reason and circumstances why developers decided to stop a project. I remember one project before,i was hired as a community manager and after like 4 months there is no progress and they had been scammed by their marketing director so the team decided to stop the project coz they are losing a lot of money.
One common reason is lack of budget. It will be hard for a project to succeed if you only have a minimal budget for it.
One common reason is lack of budget. It will be hard for a project to succeed if you only have a minimal budget for it.
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.
Some things can't be avoided and so in that circumstances, you would hardly do anything to such. This is in the advent of disagreement between members of the team. If you have a team that is always at disagreement, mostly likely they might not succeed. Team need to exist in cooperation to achieve set goals.
In example, there is a project called soraix, they did bounty here on the forum but along the line I heard the team management started having issues but they however distributed rewards but don't know when they plan to continue.
Here is a link to them. https://soraix.com/
I don't see any potential project abandoned after half progress instead of all the shit ICO projects left, and to be honest, we are lucky to see them gone! Because the crypto industry has enough ideas, still new ideas are coming and making their place, that's a good sign! While shit projects are coming with this Defi hype to scam people's hard-earned money! Should we welcome them? No way! Better see them gone for good!
Recently, I noticed that a couple of blank head projects are running their IEO on ProBit or in UniSwap, many people buying those shit because of the Defi hype, and they are scamming everyone! So, you should be happy that shit projects are failing to raise money, the potential startup won't be abandoned in this alt season!
Recently, I noticed that a couple of blank head projects are running their IEO on ProBit or in UniSwap, many people buying those shit because of the Defi hype, and they are scamming everyone! So, you should be happy that shit projects are failing to raise money, the potential startup won't be abandoned in this alt season!
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