Why do some people stop their crypto project? - page 5.

Mauser

hero member

Activity: 1694

Merit: 516

Quote from: minatour on December 01, 2020, 04:43:40 PM

So many reasons for developers to stop, some stop due to no capital to continue, some stop due to lack of good investors, some stop due to failed plan or usecase seems not working etc.

I think the main reason why so many projects stop is that the initial planning of the project doesn't take into consideration how much time and capital is needed to keep a new project afloat after it's launch. Most of the available funds are likely spent in the pre launch advertisements and are not available anymore after few month of the existence of the coin.

suryana

sr. member

Activity: 1218

Merit: 254

Trphy.io

Quote from: bandungan on December 02, 2020, 02:25:02 AM

Quote from: Chainsmokers on December 01, 2020, 03:10:54 PM

many factors some projects stop their project because the funds during the sales period get a little so that the team cannot run the roadmap that has been there other than that, there are few enthusiasts when they enter the exchanger Usually it happens because the team makes a lot of false promises to investors so the project's reputation fell and will die slowly

Money matters are foremost for projects, they earn very little money and may not be the expected targets. so I think this is a problem why many projects stop

Besides money matters, Also because there are few enthusiasts who can make their projects stall or be suspended. If there is little enthusiast, they will get little fund and it cannot be used to build a Crypto project.

viananda2525

full member

Activity: 1017

Merit: 107

Axioma Holding - Axioma Pay Crypto Card

Quote from: bandungan on December 02, 2020, 02:25:02 AM

Quote from: Chainsmokers on December 01, 2020, 03:10:54 PM

many factors some projects stop their project because the funds during the sales period get a little so that the team cannot run the roadmap that has been there other than that, there are few enthusiasts when they enter the exchanger Usually it happens because the team makes a lot of false promises to investors so the project's reputation fell and will die slowly

Money matters are foremost for projects, they earn very little money and may not be the expected targets. so I think this is a problem why many projects stop

building project should not about money, developers team must build trust first so investors will interested with their project. good project will developt pre-developtment stage for long time to attract investors and make them understand about project background. if investors trust and comfort with it, i am sure they will support it.

fileo

member

Activity: 658

Merit: 10

Rangers Protocol

Quote from: ryzaadit on August 09, 2020, 04:31:52 PM

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.

In that the case, the team behind the project are concern more to get the money from investors than to pursue the project itself. Somehow, money is the destroyer of good and unique project. Why? Because the people behind did not afford to resist the temptation to collect the funds. Very necessary that the team must not a money maker but a visionary itself while creating money for everybody.

bandungan

full member

Activity: 798

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Quote from: Chainsmokers on December 01, 2020, 03:10:54 PM

many factors some projects stop their project because the funds during the sales period get a little so that the team cannot run the roadmap that has been there other than that, there are few enthusiasts when they enter the exchanger Usually it happens because the team makes a lot of false promises to investors so the project's reputation fell and will die slowly

Money matters are foremost for projects, they earn very little money and may not be the expected targets. so I think this is a problem why many projects stop

Smitty Werben Man Jensen

full member

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COMBONetwork

Quote from: minatour on December 01, 2020, 04:43:40 PM

So many reasons for developers to stop, some stop due to no capital to continue, some stop due to lack of good investors, some stop due to failed plan or usecase seems not working etc.

There are too many crypto projects that are listed, if you look at coinmarketcap now it has reached 7800 cryptocurrencies,
and there are still no listed cryptocurrencies, how come there aren't many altcoin projects that die, because there is no demand in the market!

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: Chainsmokers on December 01, 2020, 03:10:54 PM

many factors some projects stop their project because the funds during the sales period get a little so that the team cannot run the roadmap that has been there other than that, there are few enthusiasts when they enter the exchanger Usually it happens because the team makes a lot of false promises to investors so the project's reputation fell and will die slowly

Majority of them does have that unrealistic goals thats why investors would be seeing it for them not to worthy to support nor fund such project.It all matters with the projects whitepaper and roadmap and everyone can see
if its attainable or plausible to be reached for such goal or just simply can be attained through dreams. LOL! Gone are the days where people do make common mistake on funding out random projects just for the hope for making themselves rich and now that investors do become even more wiser as years passed then expect that they would really be keen on selecting projects to invest on and this is why project owners do really need
to work to convince out the masses to support the proposed project and of course i do talk to those legit projects which are having those legit plan not to those scammy and fraud ones.

minatour

member

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So many reasons for developers to stop, some stop due to no capital to continue, some stop due to lack of good investors, some stop due to failed plan or usecase seems not working etc.

Tallylat

jr. member

Activity: 79

Merit: 1

there are a number of factors responsible for this but they all bother down on the team behind the project. Many projects were aborted due to poor planning by the dev team, for example some dev teams didn't give appropriate consideration to the financial requirement of executing a project, so they are most likely to run out of funds to continue developing the project.

sort_cirkit

full member

Activity: 368

Merit: 107

The project fails to show the temptation to try to embezzle money. Problems can arise due to inability to complete marketing materials properly. Team members are seen to be negligent or lose credibility. It is often observed that according to the road map, the project fails and the adaptation to the unfavorable environment continues.
There are also other problems such as projects failing, shutting down or reducing market reputation, putting projects at risk.

Chainsmokers

sr. member

Activity: 1372

Merit: 252

many factors some projects stop their project because the funds during the sales period get a little so that the team cannot run the roadmap that has been there other than that, there are few enthusiasts when they enter the exchanger Usually it happens because the team makes a lot of false promises to investors so the project's reputation fell and will die slowly

Slingshot

sr. member

Activity: 616

Merit: 250

There are several reasons project owners folds without accomplishing their aim of posting. It's either they couldn't get investors to help to buy off their tokens during token sales or they do not have good communication skills. Some do have issues at the long run and decides to end the project and some out of scammy intentions they can end quickly once they don't see green light.

huiji2011

full member

Activity: 265

Merit: 100

Most of the abandoned projects are scam, so it is normal to stop when there is no money to be made, and then created a new one, continue to cheat.
It cannot be denied that some of them are really wannt do something at first, but unfortunately, maybe due to lack of fund, no time,or no longer interested, so they give up their project.

navalkk

newbie

Activity: 518

Merit: 0

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.

bayu7adi

hero member

Activity: 1358

Merit: 538

dont be greedy

Quote from: kpierce77 on November 20, 2020, 09:16:41 AM

Scam is not a reason to stop, if from the start they want to do a scam maybe they will exit earlier so they can cover their tracks. Most projects don't know what to do next, because they don't offer technology or solutions. and lastly, due to lack of funds, it has become an almost frequent problem

Scammers always have a way to make their victims happy before they leave. They do this process because this is their real plan, by running the project half way and then they leave it for some reason, even though they only need money and don't care about investors.

If the fraudulent process is just looking for money and then running away, they will never get additional money again like when registered on an exchange or when they get new investors when the project progress updates.

I prefer projects that have been running before, and then they need more money to expand their power by means of an ICO or IEO, this is less risky because market research has been carried out, the next step is to win market competition.

Mighty_crypt

member

Activity: 784

Merit: 21

1. Adoption rate is low meaning the use case isn't useful
2. Too many inexperienced team members
3. Lack of funds
4. Intentionally built to exit scam from the beginning
5. They team decide to give up due to lack of better features

kpierce77

legendary

Activity: 1540

Merit: 1002

Quote from: Daras on November 20, 2020, 09:00:08 AM

This can be as a result of policy change that may not be favourable for the continuity to the cryptocurrency project .Another reason why some of the project are terminated prematurely is because some of the projects are scam and once they are able to get investment from people the next thing is to prematurely terminate the project.

Scam is not a reason to stop, if from the start they want to do a scam maybe they will exit earlier so they can cover their tracks. Most projects don't know what to do next, because they don't offer technology or solutions. and lastly, due to lack of funds, it has become an almost frequent problem

Daras

jr. member

Activity: 71

Merit: 1

This can be as a result of policy change that may not be favourable for the continuity to the cryptocurrency project .Another reason why some of the project are terminated prematurely is because some of the projects are scam and once they are able to get investment from people the next thing is to prematurely terminate the project.

restuibu

full member

Activity: 994

Merit: 100

if talking about this I am reminded of one of the projects, maybe I don't need to mention his name ... at that time they said if the softcap had been reached but when the token had started trading and the project had begun to develop, on the way they said if they were short of funds because some of the developments didn't fit the budget and now all are very expensive, forcing the team to abandon the project

jajorforce

full member

Activity: 399

Merit: 100

Quote from: b1k4ng on November 15, 2020, 05:41:43 PM

those who have a large budget but leave the project of course it's a scam, because if they really intend to work, of course all the funds will be used as well as possible for development

If any projects have a large budget, why do they leave their project? Scammer doesn't do that, scammer are here to funds rise not leave their projects. None of these leave their projects without only scam projects. As more scammers are waiting for the bullrun situation.

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