Why do some people stop their crypto project? - page 15.

Gozie51

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Quote from: Sulman326 on August 09, 2020, 02:28:47 PM

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/

princecharles

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Some persons think that setting up a project is as simple as getting a smart contract tokens. Most projects lack a good bedrock or foundation. They are built on wishes and not hardwork. It takes a great deal of effort to become a developer and strive to fix real life issues. Most projects don't even have a sellable product. I read some whitepaper and wonder how such a product could fly. They are basically interested in getting the funds and after few months they abandon the project because they don't have content or anything to offer.

shadowduck

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Quote from: trauchot on August 11, 2020, 07:57:25 AM

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.

that is why you should never invest your money in one project. if you act like this, then most likely you will lose money and stay with this coin in your wallet

OTG_Et

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I had participated many good ICOs and now I don't see much activities. They thought of listing idea on paper and gather funds but when they actually tried to develop, they couldn't. Good Blockchain developers are not easy to find as it is still a new field and they can't develop the login what is required on solidity. And, another reason I felt was the idea was scamming right from the inception.

trauchot

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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.

pragna

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Quote from: Sulman326 on August 09, 2020, 02:28:47 PM

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.

Yea, from 2017 i am also seeing this kind of work in forum basically when market crash. i think there are some reason for that some team stop cyrpto project at the middle or at the end, those are

1. First of all cheater team (like king casino project team, they made two round projects but at the end they out from market by declaration)
2. Fail to targeted position in market when it in middle position.
3. For whole market dumping condition when no body interested to investment.
4. Inexperienced team and management.
5. Wrong subjective project so that no body go for investment.
6. Start with plagiarized whitepaper or website and after some time when it flash they have to stop the project.

In this way there are many reasons actually for stop their crypto projects.

xZork

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Projects that are abandoned and forced to stop by investors are bad projects and cannot be profitable for developers and they have to abandon it. Besides there are many scam projects, the scam team after taking the investors money then left and left a pile of trash.

Saisher

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Quote from: ?? on ??

most of them are scammers and they just find bullshit reasons to stop their project. So our problem is how to check the project. Decentralized markets give us the freedom to trade and invest, but they also carry many risks. We are surrounded by scammers so you need to learn how to check projects for investment. Please create one more article asking about how to check good projects, it will help you a lot.

I agree majority of them are scammers it's their business to scam people they will continue to launch projects after projects and make them their ongoing business they will continue to scam over and over again and the bad thing is they are going to be here as long as Cryptocurrnecy and crowdfunding is unregulated.

coin-investor

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Quote from: mezzaluna on August 11, 2020, 04:50:53 AM

The decision to stop their Cryptocurrency projects depends on some factors. Some factors might be because of the lack of funds to further develop their platforms. Another factor might be that in the middle of their development, they can see that the continuation of the platform wont be profitable for them. They also stop their platform when they can see that there are not enough support from people that they expect them to use it for.

I promoted one coin that stopped developing their project they have a good concept they did not push through with the development because of the pandemic no investors are scammed bounty hunters did get what they worked for although the coin has no value, they just want to create awareness which will soon forget because investors have a short memory what they want is a continuous unique concept.

mezzaluna

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The decision to stop their Cryptocurrency projects depends on some factors. Some factors might be because of the lack of funds to further develop their platforms. Another factor might be that in the middle of their development, they can see that the continuation of the platform wont be profitable for them. They also stop their platform when they can see that there are not enough support from people that they expect them to use it for.

ethereumhunter

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Quote from: Psynthax on August 11, 2020, 12:45:33 AM

Quote from: josgandosbro on August 10, 2020, 11:59:56 PM

In my mind now is because they intend to take investors' money or maybe they give up because they have run out of ideas in developing the project. because there are currently many teams that do not have much experience trying to develop projects

Reality is, only 10% of the projects that were succesfully raising money could go on continue their development while the rest is failing with so many problems they faced. It's always works like that and not only happening in the cryptocurrency market but at those startup projects too. Only really few idea is actually turns out to be great.

I think less than 10% of the projects were successful because from a few years ago, the market is at a downtrend, which makes the project lose trust from the investor. They decide to stop the project for a while until the situations getting better. Some project ends by scamming people and run with the money they got from the early investors. But at this time, maybe the number of projects which can succeed will be bigger than before.

Psynthax

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Quote from: josgandosbro on August 10, 2020, 11:59:56 PM

In my mind now is because they intend to take investors' money or maybe they give up because they have run out of ideas in developing the project. because there are currently many teams that do not have much experience trying to develop projects

Reality is, only 10% of the projects that were succesfully raising money could go on continue their development while the rest is failing with so many problems they faced. It's always works like that and not only happening in the cryptocurrency market but at those startup projects too. Only really few idea is actually turns out to be great.

josgandosbro

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In my mind now is because they intend to take investors' money or maybe they give up because they have run out of ideas in developing the project. because there are currently many teams that do not have much experience trying to develop projects

shinratensei_

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Quote from: ?? on ??

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.

I think that you are out of topic dude, i know that investing in those projects is very risky but in this case, he was asking for the main reason why the projects have already stopped. That means their projects were alive before the dev stop the development progress and in this case the funding will always become the main answer.

Free1bitco.in

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Quote from: Sanitough on August 10, 2020, 06:04:25 PM

The main reason they stopped is they can't raise money anymore, even with a soft cap, they are having a hard time raising it, some project even extend the period of sale, but still they fail. We have a lot of projects in the market already, majority of them are scams by the way, so how would people trust them?

New projects usually gives short term return, but it's not anymore happening these days, so investors now try to shift on old coins with good volume in exchange.

some developers just don't think about it. they feel that developing a project is easy enough, even when the project looks quite difficult. besides that, a less professional team was also one of the reasons why the project did not last long.

aprilnot

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the reason why they stopped development was that their project had no interest. devs have done everything to promote their project, but nothing has changed. so rather than wasting their time, it's better not to continue with project is the right choice.

I understand the decision they made, but on the one hand I am disappointed that there must have been people who lost money buying their coins in the past. they could have been wiser. if they are unsure from the start and do not have the funds to do development, it is better not to release their project.

Kasabus

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Quote from: didzi on August 10, 2020, 05:48:53 PM

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

Yes. Developers only leave their projects once there is no reason to continue because their is no enough funds to proceed the project or they have taken already their investors' money so they have to leave and abandon the project. Making DYOR is really a good thing to do before deciding to invest in a project so that we will not fall being a victim of scam ICOs.

Sanitough

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The main reason they stopped is they can't raise money anymore, even with a soft cap, they are having a hard time raising it, some project even extend the period of sale, but still they fail. We have a lot of projects in the market already, majority of them are scams by the way, so how would people trust them?

New projects usually gives short term return, but it's not anymore happening these days, so investors now try to shift on old coins with good volume in exchange.

santiago607

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I think the answer to this question deserves a two way explanation;

1. it may be that they never got enough investor to invest in their project during their ICO and they have to discontinue the project.

2. it could be that some persons only floated their projects to make away with investors funds. it is not far fetched from the truth that some projects are scam as they lack foresight to make an indelible mark in the cryptosystem.

I will therefore advice we always read about their team of contributors and google their profile to ascertain their proficiency in the crypto business alongside. Accessing their whitepapers to ascertain the relevance of the project to societal demands is another way of knowing if the project could succeed or fail as investors themselves wouldn't want to invest in a project that will have no economic relevance.

Honestly with the high level of suspicion, no investor would want to be scammed; therefore adhering to this aforementioned reasons could help us to know why projects either fail or are discontinued, thanks.

didzi

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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

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