Why do some people stop their crypto project? - page 2.

wheelz1200

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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.

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.

fia_naila

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There are a lot of reason crypto project abandoned, for example : lack of developer skill and the team can not find the good developer which would participatted in the development. Another reason is always money, if some project can not gather the fund and the ceo or founder have not good programming skill. There is a big chance the project will be abandoned, thats why i love student coin, 1. It is already collected 15million dollar, 2 the developer supporter is from well known University.

b1boy

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I think There are not a particular explanation I presume. A few projects left due to project's inner issue or they weren’t really ready , absence of thought, not experience group the board, absence of likely arrangement and so on Indeed, even a few projects are start for fund-raised and after that they left their project. I saw some project stop their work due to legitimateness likewise so there will be numerous foundations for that. And only real projects with real working products survive in the crypto world

poodle63

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Quote from: ?? on ??

a project team need to improve their project, but because they do not believe with their project , they will not doing that buddy
and there is no support from the community, so they stop their project

Usually it's the lack of community support that really demotivates them and bring their project down, just imagine all your hard work and sweat goes to waste just because there's no community that supports you and become your customer in the future when the project is ready, that's why community support is crucial, not to mention that a project that has no active community usually being dismissed or being looked down as a failed project. Building community is, after all very crucial for the life of a project

Pamadar

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Quote from: Traderbtcc on March 24, 2021, 04:15:15 AM

There are alot of good reasons why a crypto project stops half way, during the early stage if they are unable to raise the required amount or reach their soft cap, projects like that easily fail because the devs don't have the money required to go on with the project development, although most times projects that stop half ways are scam projects, and the devs/scammers just want to run away with the money they were able to raise from the investors,cause that's what they always do.

That's most and seriously speaking that's really annoying.

There are still investors who hope to get the chance of finding the good project that will bring them huge profits, project that have the same pump as before, only to find out that the dev are jut lurking and alluring those targets to get the money and runaway. Only slight chance that the team are really intending to develop but lack of money and support and there's no other option but to quit and stop.

Traderbtcc

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There are alot of good reasons why a crypto project stops half way, during the early stage if they are unable to raise the required amount or reach their soft cap, projects like that easily fail because the devs don't have the money required to go on with the project development, although most times projects that stop half ways are scam projects, and the devs/scammers just want to run away with the money they were able to raise from the investors,cause that's what they always do.

iTradeChips

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In my opinion, there are many reasons why projects fail. But most of the time, I think it has mostly has something do to with management of the project. It is like running a business. You need a product, and that product you need to develop, advertise and distribute. Crypto is like a crowdfunding project for them so they could get the necessary funds for their business by making a coin or token then selling it to the market. If there's no investors, the project might be shelved and move on to new things. If the management is not good and mismanagement occurs, then that is a bad sign and the company will close.

oprahwindfury

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A few designers needed cash yet never going to assemble a working framework, some were frustrated as they couldn't collect sufficient cash, so they stop the task, while some don't have inventive thoughts, they needed to closure. There are instances of exacting consistence to law of their country, this can drive them to desert the undertaking.

DU18

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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.

There are many things that cause the crypto project to stop halfway through and usually such projects do not get strong support financially so that the team will find it very difficult to develop the project later so that inevitably the team has to stop the project, the main factor that causes the project to stop working : There was a split in the team, their sales did not reach the target, they had a small community and of course there was no trust from investors or angel investors to support the project.

ropyu1978

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Quote from: Sanitough on March 20, 2021, 06:58:42 AM

Quote from: MuffinMaster on March 20, 2021, 03:40:43 AM

There is difference by theory and execution. Many projects look very catchy in whitepapers and on websites but are difficult to execute practically. Thats why many projects are abandoned by founders few months after project launch.

Actually people would not invest if they don't believe on the project's potential, the problem is the team, their lack of effort to make the project successful or maybe from the start they really don't have a plan to make it a successful project instead just to scam people's money.

Many cryptocurrency project get problem from developer and team they not serious how to get trusted from investor, after raise hard cap and coin sold out they not serious with much money getting from investor for listing coin on bigger exchange market, this happen many time with many ICO project and make many people stop for investing on cryptocurrency.

Sanitough

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Quote from: MuffinMaster on March 20, 2021, 03:40:43 AM

There is difference by theory and execution. Many projects look very catchy in whitepapers and on websites but are difficult to execute practically. Thats why many projects are abandoned by founders few months after project launch.

Actually people would not invest if they don't believe on the project's potential, the problem is the team, their lack of effort to make the project successful or maybe from the start they really don't have a plan to make it a successful project instead just to scam people's money.

MuffinMaster

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Pepemo.vip

There is difference by theory and execution. Many projects look very catchy in whitepapers and on websites but are difficult to execute practically. Thats why many projects are abandoned by founders few months after project launch.

geegaw

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Quote from: uelque on March 19, 2021, 06:33:36 AM

Quote from: Matimtim on March 19, 2021, 06:07:44 AM

I think the reason why many crypto projects stop because they did not reach their goals even they have a good plan but if they think that plan doesn't work then they choose to stop their project to avoid losing their money.

It is as simple as the project is a scam! They already got the investors money so definitely they could run away with it leaving the project dead.
So for me your idea is not valid. Progress a certain project wouldn't stop only because their goal is not achieve. Because if you have a project, and you truly believe in it, even bankruptcy won't stop you continuing its development. No reasons or anything. Lol.

Agree, the project does not meet the basic requirements and stops only to avoid further losses but compensates the investor almost zero, this is just the kind of scam project activity because when we have the enthusiasm and expectation of a project, we will do better, with capital and technology difficulties, a lot of professionals can deal with as long as our project demonstrates its full potential. Investors are always willing to accept an apology and a low compensation but they don't accept silent projects and embrace their money and disappear, the reasons were just trying to justify the project's helplessness and lack of morality

uelque

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Quote from: Matimtim on March 19, 2021, 06:07:44 AM

I think the reason why many crypto projects stop because they did not reach their goals even they have a good plan but if they think that plan doesn't work then they choose to stop their project to avoid losing their money.

It is as simple as the project is a scam! They already got the investors money so definitely they could run away with it leaving the project dead.
So for me your idea is not valid. Progress a certain project wouldn't stop only because their goal is not achieve. Because if you have a project, and you truly believe in it, even bankruptcy won't stop you continuing its development. No reasons or anything. Lol.

Matimtim

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I think the reason why many crypto projects stop because they did not reach their goals even they have a good plan but if they think that plan doesn't work then they choose to stop their project to avoid losing their money.

MUHAMMAD NUR AMANAH

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Why do many developers leave the projects mid-way perhaps for many reasons because teams on the project that are less united or projects that run poorly on purpose perhaps halfway down the road are short on funds that have to be cut off or marketing targets that have to be off-site or even start to fake things or they know that they have no future Also quit because they had earned money from the project and probably much more to stop the developers

cyriljundos

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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.

there are a lot of projects and ICO's that has been not succesful, most common is in erc20 project , many people has been deceived by simply investing in their project and promising to double up their money. at the end of the day that specific project didn't turn up well and that specific got cancelled or bankrupt. selected ICO's that is legit and trusted . search first before invest.

adekogbe

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The significant motivation behind why we see so many failed cryptocurrency projects is in light of the fact that many developers and project heads are unable to oversee and develops their projects very well that investors lost their premium partaking and investing their cash. In contrast to different projects, they constantly building up their project to make it more effective to draw in more investors and to have a good worth in the crypto market.

ReliabilityAlert222

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Some people tend to stop their crypto project for some reasons I think. Improper planning, lack of funds or some unforeseen circumstances, and sometimes greed of the project owners, some people may start a project but fail to put into consideration all the possibilities that could hinder the growth of the project, while some people are just too greedy and never have the intention to further develop the project, they only launch the project to set a trap for investors.

olabiyijummy02

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A few projects have intriguing use cases however over the long haul the group gets drained for one explanation or the other, generally in light of the fact that absence of premium on their project, this is the reason its significant for designers to think of uncommon and helpful thoughts, not simply some utilization cases that investors have seen many time previously

there are numerous projects in 2017 that was advertised as the following enormous thing however are dead in the water now, a portion of these projects just found out about the fact that it is so natural to fund-raise from ICO and they misuse the avarice in the space, much the same as what's going on in DEFI space now, all you require is to add some extravagant words to your projects and individuals come calling

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