Topic: Why do some people stop their crypto project? - page 18. (Read 22919 times)
In fact, there are many coins in the market that people can invest in. Such as BNB, Ethereum, Bitcoin, HOMT, AMZCash, Etc. There are many benefits to investing in these coins. These are the highest levels in the market. So I can tell you that you can invest all these coins without any hesitation. Because these can make you much richer.
If it is not about the lack of fund raised that is why the project tend to fail, then the team cease to function. Or the project's product/platform can be hard to implement and produce. There are so many reasons actually. But most of them were just aiming for the funds and then run and scam the investors making the project to be left behind and abandoned.
That is why, it is always best to look for the project's feasible actions, being transparent with all their actions to know whether the project is built with sincerity or not.
That is why, it is always best to look for the project's feasible actions, being transparent with all their actions to know whether the project is built with sincerity or not.
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.
Most of crypto projects don't have any sense and behind the scenes they want to scam people. They think they still living in 2017 but now everything is changed. People become more aware about crypto scam so now its not easy to scam people. So only scam project stop. Good project still working well.
Scammers who are trying to stay around mostly the one who stop the project after collecting
money from poor investors who fall from their schemes.
They stop right after getting the money, some still provides shit tokens but never show back
to list the coin in any available exchange.
Developers stop if the interest is just to scam peoples money, but to those who are serious
even it will happen slowly but it will continue the progress.
First, I don't think there are problems with developers here. Why? If the developers are the problem here, project owners or founders can hire some developers to continue the project or the development.
If they are not intended to scam in the first place or just collect money from their investor, then for sure the project will be a success. There will be a solution always.
If they are not intended to scam in the first place or just collect money from their investor, then for sure the project will be a success. There will be a solution always.
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 wouldn't say they abandoned their project, it's just with no budget whatsoever, they can't really proceed. And obviously, their management has failed, maybe the project didn't offer anything to the market that's why it didn't attract investors.
It's not the nature, not just crypto though, there's a lot of projects that failed and being left out. However, I think the people behind a abandoned project will reinvent themselves and have learn their lessons. And maybe this time they will be successful.
Most of crypto projects don't have any sense and behind the scenes they want to scam people. They think they still living in 2017 but now everything is changed. People become more aware about crypto scam so now its not easy to scam people. So only scam project stop. Good project still working well.
There are several reasons why developers and teams have laid off their crypto projects. The possibilities are:
1. They are scammers (this is the worst)
2. They have no strong intention of making the project a success.
3. They are under-funded or have no enough funds to continue the project
4. They did not reach the minimum total they should have sold
5. They just want to make a project but they don't develop it well, so their project stalled
6. They know their project is likely to fail for some reason so it's better to back off at the beginning rather than continue and just make a loss
7. they just want to raise money regardless of the fate of their investors
1. They are scammers (this is the worst)
2. They have no strong intention of making the project a success.
3. They are under-funded or have no enough funds to continue the project
4. They did not reach the minimum total they should have sold
5. They just want to make a project but they don't develop it well, so their project stalled
6. They know their project is likely to fail for some reason so it's better to back off at the beginning rather than continue and just make a loss
7. they just want to raise money regardless of the fate of their investors
Nothing happens into a kind of unrealistic imagination. Some developers deliver such huge and beautiful promises just to catch attention from the investors but that is not what investors had looking for, it was the potentiality of the project. But the problem is, investors never find it and so have to leave and ignored them.
Many projects suffered such losses and failures because they are not true with their roadmap and promise. They'll never have that winning goal and sustainable marketing strategy, only they have with their mind is to fool people and generate money from them, then leave. This what exactly happens this time and so much disappointed how these people still exist.
Many projects suffered such losses and failures because they are not true with their roadmap and promise. They'll never have that winning goal and sustainable marketing strategy, only they have with their mind is to fool people and generate money from them, then leave. This what exactly happens this time and so much disappointed how these people still exist.
I believe the proof is clear enough for everyone to understand, before bringing about the idea of building a project, the team is assumed to have carried out an in-depth research about everything and anticipated costs now if there is a change in plan, they work around it and find a solution. So now, if a project gets abandoned for whatever reason which is not justifiable then know the project is scam. Thus, many of the projects which stopped halfway are all scams and that's one of the reason investing and/or holding new altcoins seems to be very risky.
There are not a specific reason i guess. Some projects left because of project's internal problem, lack of idea, not experience team management, lack of future plan etc. Even some projects are start for raised money and after that they left their project. I saw some project stop their work because of legality also so there will be many causes for that. Only those projects are survive in crypto currency which are legit.
Crypto projects are like any other. Sometimes a builder starts a house and never finishes. I'm sure you can find many such buildings in your area.
People get into sudden hurdles or fall out with their partners and the project becomes postponed forever.
It's not all that bad. Maybe it's better if a project dies before being able to scam anyone or become another dumped shitcoin.
People get into sudden hurdles or fall out with their partners and the project becomes postponed forever.
It's not all that bad. Maybe it's better if a project dies before being able to scam anyone or become another dumped shitcoin.
The community is getting large, influences and connection is beginning to play on the success of most projects. It will be difficult in this new era of crypto startup to know nobody and think you can make a headway. Searching for investors, polishing your project idea, partnering and exchange listing are mostly due to influences. Most of the new projects are sponsored and supported by existing projects, you can do your research on that, which could play a part for a while on successful startups.
Most of the failures came from Blockchain social and project market coordination issues. This has really affected thousands of cryptocurrency projects in my opinion. Also, unserious project team can lead to failure of cryptocurrency projects, some of the projects ongoing today collapsed because of the team behind the projects. Financial constraints can also get a potential cryptocurrency projects down it knees, some good projects had experienced this overtime from 2017 till date.
The reasons may differ from a cryptocurrency project to another but the main issues that causes these issues are :
The budget: Developers doesn't have enough funds to develop the project more and they can't really put some serious efforts or the person who's paying the devs isn't affording the funds to build the whole project which mainly will cause the "stop of the crypto project".
Legal issues: Some projects may have some legal issues whether in the ICO part of in the development because the world is so wide and law changes from a land to another which might cause misleading, issues and troubles.
Troubles inside the team: Mainly, some peoples might be working around the clock to save the project and help it grow and some other parts are not serious at all.
These are some of the reasons i think that might effect the projects.
The budget: Developers doesn't have enough funds to develop the project more and they can't really put some serious efforts or the person who's paying the devs isn't affording the funds to build the whole project which mainly will cause the "stop of the crypto project".
Legal issues: Some projects may have some legal issues whether in the ICO part of in the development because the world is so wide and law changes from a land to another which might cause misleading, issues and troubles.
Troubles inside the team: Mainly, some peoples might be working around the clock to save the project and help it grow and some other parts are not serious at all.
These are some of the reasons i think that might effect the projects.
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 crypto currency projects are halted most times due to lack of funds to start up, or perhaps after a failed Crowdfunding attempt that leaves the team with no funds to continue product development. Either ways, i believe projects stops due to incompetence of developers but funds get blamed
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
If they failed?
Any reason to continue the project? Well, if the project not collecting some money from the Crowdfunding was alright. But sometimes feel sad when they already collecting money and abandoned the project, when investor got shit token and they got the money.
Any reason to continue the project? Well, if the project not collecting some money from the Crowdfunding was alright. But sometimes feel sad when they already collecting money and abandoned the project, when investor got shit token and they got the money.
Some developers wanted money but never going to build a working system, some were disappointed as they couldn't raise enough money, so they discontinue the project, while some just don't have innovative ideas, they had to shutdown. There are cases of strict compliance to law of their nation, this can force them to abandon the project.
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.
Basically the causes there are many cryptocurrencies projects has been stoped by the developer of team is the mindset of team, they don't know anything about the basic knowledge how to build businesses, they don't know anything about the structures of businesses, so even they have alot of money they don't know what must be done with their money. I have seen a project of cryptocurrencies even they don't get the softcap but the development of project is still running until today. So it is not about the cryptocurrencies or about the money more than it, it is just about how to build businesses especially related with cryptocurrencies space. Jump to: