Topic: Why do some people stop their crypto project? - page 4. (Read 22938 times)
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.
Cryptoworld is getting expansive, impacts and association is starting to play on the victory of most ventures. It'll be troublesome in this unused period of crypto startup to know nobody and think you'll be able make a progress. Looking for speculators, cleaning your extend thought, collaborating and trade posting are generally due to impacts. Mainly of the new projects are supported and backed by existing ventures, you'll do your investigate on that, which may play a portion for a whereas on fruitful new businesses.
The problem starts from funds, no matter what the potential of a new project might be if there is no enough fund there will be problems with future development, I've seen few projects returning investors money back to them and decide to shut down
The majority of these projects that does ICO and leave midway are scams, there are a ton of working dead projects in the space since their team have taken individuals' money and left. A portion of these team invest significant time and think of another thought and rehash something very similar.
the reasons can be many such as for example lack of trust on the part of investors, therefore few investments, few funds and therefore the impossibility of maintaining development costs, or the loss of interest from the developers,from the team perhaps for the different or only few development of the project over time
the lack of trust in the investor or user is due to their treatment. sometimes they are forced to stop the project they build because of the absence of users. sometimes they too lose in competition or are influenced by greed. well, many factors can cause a project to stop. 
the reasons can be many such as for example lack of trust on the part of investors, therefore few investments, few funds and therefore the impossibility of maintaining development costs, or the loss of interest from the developers,from the team perhaps for the different or only few development of the project over time
Some developers quit on their projects because it failed to meet their expectations, every developers have to work on a new use case and it's left for the public to adopt the project, some times it will not receive the type of adoption rates expected, sometimes a total failure so the devs have to exit and work on other use cases
and in most cases, once the dev team collected the money from naive buyers, they disappear without a trace...because thats their main goal, to screw users. and if they are anon team, no one can chase after them because they got away with the money without any identities left behind.
so yeah, most dev teams stop because they dont have good intentions in the first place. how many coins have you seen to be pnd in the market? countless, right?
and for those who have genuine mission, they still failed because they lack funds to proceed. very few can indeed move forward in crypto space. this is why we are seeing a lot of worthless coins and tokens.
You should know that that is the real plan of their project. At first, they started well, but after a few days, they stopped the project. There are many reasons behind this. For example, if the project is not successful or if the project is run by bad people. Even if there is project fraud, it will disappear after a few days.
Some developers quit on their projects because it failed to meet their expectations, every developers have to work on a new use case and it's left for the public to adopt the project, some times it will not receive the type of adoption rates expected, sometimes a total failure so the devs have to exit and work on other use cases
- they do not belive that they can make it any more.
- they have no money any more. it was not enough or someone like parties too much.
- initially that project was well-planned scam.
- they have no money any more. it was not enough or someone like parties too much.
- initially that project was well-planned scam.
Almost all projects became difficult and had to be canceled because the price of Bitcoin was so low that the crypto market became unattractive to investors. But at this time, I believe the projects are going well and maybe this is the season for Altcoins when Bitcoin is at a very attractive $19,398.
There are two main reasons whether it is insufficient ICO funds for further project development or there is a deliberate factor if the project stops suddenly or is often called ICO scams, investor funds are taken away by the project developer itself. so don't be surprised if you see a project stop suddenly.
Basically they got a lot of money, enjoy the millionaire's life but after a few months or so will realize that they have to perform. But since they already have the money, the coin/token is in exchanges and community is there to keep the buzz alive, they will come to a point that most of the projects that they posted during the ICO are not profitable, not technically possible or they don't have the talented people to keep the projects going. Then why not just "Drop it while it's hot".
Project developers may suspend the project due to a sharp market downturn,or lack of sufficient experience in the development of the project.Basically, projects that managed to raise funds, but did not complete their work are scammers.unfortunately, there are not enough funds to regulate such projects and there are still a lot of them.
Recently I have do participated in a project called Clipx, right now project has been stopped due to some reasons. As well they were asked hunters for a passport to KYC for token distribution and after then when hunters submitted the passport and probably two days later they had told us that they were shutting the project due to some of the reasons and they would provide early investor money withing few days and in the bounty hunters gets nothing for their four weeks work. So this is a very obvious thing in crypto for a project to get shut or remain unfinished.
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.
Let me tell you something, those people are not really serious when it comes to their created project the reasons can be categories up to 3 categories.
1. they don't have enough budget to pursue their vision about their project.
2. They don't have enough people to support them ( Those who know the crypto market and so on so forth).
3. The project is not real or they just been created for the sake of scamming the crypto investors. (Pump and Dump coins)
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.
I really like the reason given here as they are realistic and really puts into perspective what the projects really encounter and experience on a daily basis. I really consider these projects as crowdfunding projects where they will create a coin and entice investors to buy participate on their project and be able to invest on their coin. These factors really gives these projects the make or break moments. When the project is mismanaged then it the project is simply doomed to fail.
This problem is actually because most of the cryptocurrency-based projects are based on the assumptions that are written in detail in the Whitepaper, but they don't have the experience needed in fighting competitors.
The majority of investments in crypto are used to build new projects, and only a few use the investment to develop existing projects. Meanwhile, the thing that most investors like is if the developer and the team already have a market, already have regular customers and have limitations in handling the company, where they really need the role of investors to develop resources to meet the needs of many buyers.
The majority of investments in crypto are used to build new projects, and only a few use the investment to develop existing projects. Meanwhile, the thing that most investors like is if the developer and the team already have a market, already have regular customers and have limitations in handling the company, where they really need the role of investors to develop resources to meet the needs of many buyers.
It is true, one of them is the lack of funds that they prioritize from the start to develop projects, and plus the distrust or interest of investors towards ICOs and IEOs is very large, making many projects stop their campaign because it will not be possible to run without funds, We also do not can compare the previous project with the current one, because it is very different from the current conditions, seeing the global market uncertainty so it is very difficult to build a project this year ...
That might be enoughr cause for peolpe or any developer to stop developing their project but if they were raising money from ICO or IEO then decides that their project stopped midway because insufficient fund then that team behind the project is messed up.When a project demand or raising money from people or investor and failed to deliver the promise they keep saying earlier in the first phase then they are as bad as liar. I mean, they should have clear planning about their financial condition and if the money raised weren't enough for their plan then they should stop the fundraising instead of keep going and making people lose 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.
^ many projects stop halfway through due to lack of planning and do not go as planned. not all good projects are attracted to investors when they are short of funds and also have deviated from the plan so dismissing their project halfway is the best decision. Jump to: