Why do some people stop their crypto project? - page 17.

Zeehaxan

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

Mostly this happens when there is dispute among the team members or simply the team thinks that the project is not feasible anymore with the changing market or one reason could be inappropriate use of funds resulting in loss of funds and bankruptcy that results in abandoning of the project.
In any case i think there are always solutions out there and if the team is serious and they think that the project is viable they should hand ove rthe project to some other competent team of developers with a deal where the old team can hold some percentage of tokens while new can have double the percentage of tokens to revive the project.
Compeltely abandoning the project is really annoying rather pathetic because the supporters and investors are the ones that suffer and this also gives bad name to icos, new projects and crypto in general which is not the right thing to do.

fuer44

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the solution to that problem is guarantee. for example every investor who puts money in there, will get a money back guarantee when the project stops but I think it's difficult. or if not, investors put their money at the end of the project. So, the project must run first until it completes the listing and distribution of tokens, after which new investors put in the money. but here, investors have first registered with the project team so that everything is clear, how many and who are the investors.

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Quote from: hrunya102 on August 10, 2020, 05:54:54 AM

For example, from the very beginning project planned to raise money, show a small work, and then abandon the project, I think this is a popular option.

That's how the scammer is causing many investors to lose money in this market. They create a project of bullshit and make a small product, then attract investors to invest in their project. After the plan is complete they will abandon the project and leave the tokens bullshit

robelneo

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They want an easy way out, another is they really don't have something to offer to the community and it's all just a plan and nothing else, some of them fake their team, copy other people's whitepaper or plagiarized, they all just want to make their project appear good in the outside but in the inside, there is really no platform or product to speak they just preparing to run away.

ethereumhunter

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We don't know the real reason for them because they never tell us. Maybe they think that people now become smart, and they can not get their success to trick people. Maybe they have difficulty continuing the project because of their lose their investors in the middle of the process, so they choose to stop for a while their project. If they can get more investors, maybe they will continue to finish each step of their plan.

hrunya102

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For example, from the very beginning project planned to raise money, show a small work, and then abandon the project, I think this is a popular option.

NoG-NoG

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The are many reason why some people stop their crypto project one is that their project cannot hook with the needs of the investors. Another is that while their selling is ongoing it tend not to reach even just their soft cap that is why they stop their project.

joshua123

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lots of projects stop their crypto projects and what's worse they just disappear all of this happened because the funds to run the project were lacking
or lack of interest when they make a sale

Not all like that. But there are some who are gone after they collected funds and make investors believe that they are legit ones. Like the miracle tele, at first it was good and many are interested but suddenly the project gone due to the announcement of their ceo of leaving the project eventually lead to an exit scam. This is the worse reason for a project to stop. I will accept if the project loses fund or what but they totally fooled many people just like that.

Inkdull

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Some projects are born to steal from scratch, they pretend to be capable of handling the whole development just to confuse investors, it's all a plan and the best way to make it look like the end of the road is putting blame on lack of enough fund or other things

giammangiato

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Because the things change and sometimes the developers don't have much time for the future projects or something change in the international regulamentation or with brand collaborations. A lot of projects born already dead and the milestones are fake

Apostlekin$$$

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Lack of funds is the most popular reason why many projects are closed, another popular reason is lack of good demand, though not all developers cares but we have some who still does, few projects even return investors fund once their target isn't met.

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

In my opinion, there are many factors why a new project has stalled. Apart from the scam, the new project was stopped because the developer team started to leave the project and create a new project that was more realistic to be realized.

I think so too! As they working, they may realize that their project is not realistic anymore. As we know, a lot of people try to start-up and they're rush in doing something. Therefore, they may not think twice before starting something. It leads to the consequence that a lot of projects are not realistic and don't have any application to our market as well as our life. That's maybe one of the reasons why the developers stop developing their project. However, if they stop it and take away our funds, there's no excuse for this case!

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

The reasons for suspension can never be known and I don't blame any developers for such move, there are few things that can course this and this is why we've investors have been warned many times to never invest more than what we can afford to lose

Aaroenz0r

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Quote from: Reid on August 10, 2020, 02:20:30 AM

A lot of reasons. Purposes.
What if at the beginning of it the true purpose is just to gather money and exit? Scammy attempts.
Bankruptcy could also be an issue. I already experienced that with one of my bought tokens.
They might have a reason and you cannot do anything about it since you will pay more for legal help just to chase them.
Will you go to so much trouble and expense just for that?

Yes, two of the most common reasons are bankruptcy and scam attempts. If a project suddenly stopped without any notice, it's likely a scam project that was created in order to gather funds from the beginning. If a project is actually suffering, you'll see it suffers time over time, not suddenly. However, for both cases, we can't do anything but moving on and forget it!

Reid

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A lot of reasons. Purposes.
What if at the beginning of it the true purpose is just to gather money and exit? Scammy attempts.
Bankruptcy could also be an issue. I already experienced that with one of my bought tokens.
They might have a reason and you cannot do anything about it since you will pay more for legal help just to chase them.
Will you go to so much trouble and expense just for that?

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Quote from: BitcoinHunt3r on August 10, 2020, 01:19:42 AM

Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

A lot of reason, already get money from investors, internal problems, but i think mostly because they think listed in 1 market is already enough and then they just go with investor's money. And this is not a common secret anymore, investors know what actually owner of the projext aim and that is why they not want to lose chance to take profit immediately when it listed in market.

exactly, when we are in the blockchain project space greed will be a bigger problem to deal with than rational thought to advance every aspect of the crypto industry. In short, such an organizations only wants fast capital without having to go through a long and labor-intensive journey.

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Quote from: Pgilbert on August 09, 2020, 09:25:34 PM

Some people start a project with thinking that is easy, but when things require time and effort some of them can't put much effort on it and the project does because of it.

Actually if they have an active and professional team, then I think they will be able to build a network with various companies or other projects, so by making cooperation like that their project will further develop and grow well. But it's not easy because we also must have the public trust.

BitcoinHunt3r

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

A lot of reason, already get money from investors, internal problems, but i think mostly because they think listed in 1 market is already enough and then they just go with investor's money. And this is not a common secret anymore, investors know what actually owner of the projext aim and that is why they not want to lose chance to take profit immediately when it listed in market.

so98nn

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

Ah, thats very easy to understand why!

1. Scammers
2. Illogical Roadmaps
3. Shitty management team
4. Sometimes we have seen bounty managers running away with whole token budget (LOLZ)
5. People not holding the coins and diluting the market cap.
6. No generation of further funds to develop the project.

On contrary it's Scam projects which always holds the first position.

Stay Safe!

Kotone

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Quote from: Sulman326 on August 09, 2020, 03:28:47 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.

There are plenty of factors why this happened. For a legit project, I could say that they dont have some funds or not enough to continue. Or also their product is not yet ready and they are taking their time to finish it. What more we can see possible reason are those but some have stop due to lack of demand and supporters. Sometime a project with a lot of community can survive possible closure.

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