Why do some people stop their crypto project? - page 7.

ven7net

full member

Activity: 1946

Merit: 112

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.

Of course, it is very bad when a project stops or changes its plans, which ultimately leads to closure. Unfortunately, there are a lot of such crypto projects and probably each of them has its own stories. But for some reason I am sure that most of such projects just wanted to get quick money, but in the end they could not achieve this, or they just got a little more money and closed. In general, now there are very few really good crypto projects, so you need to carefully approach the choice.

nikola22

full member

Activity: 1316

Merit: 105

often developers stop their crypto project due to lack of use cases. even if the project is ready they find out that there are a few people who are interested in it. so it makes no sense to support the project.

1l1l11ll1l

legendary

Activity: 1274

Merit: 1000

Quote from: L A R A on November 15, 2020, 03:48:08 AM

Some projects have had to stop for several reasons:

Lack of funds
This project was created by a scammer who just wanted to make money and didn't really want to build the project.

Fund is very important in the development of a project, a good project is a project with effective sustainability. ofcourse, many projects stop operating because of wrong financial operations, so using funds is quite vital

Btra

copper member

Activity: 238

Merit: 0

MYID

The crypto market is very uncertain. This market is not regulated by any statutory body not it is possible to control within a particular jurisdiction. Because of the blockchain technology these transactions are worked worldwide within a minute. All transactions are self-controlled and depend on the blockchain network. So, it is highly uncertain in terms of security. That's why many projects are stopped or they have compromised.

pungopete468

hero member

Activity: 1470

Merit: 504

Quote from: L A R A on November 15, 2020, 03:48:08 AM

Some projects have had to stop for several reasons:

Lack of funds
This project was created by a scammer who just wanted to make money and didn't really want to build the project.

This is also what on my mind first they might be having trouble in looking for investor and can't continue their project second thing is it's either they just going to scam the investor and will do their exit scam.

Sanitough

hero member

Activity: 2856

Merit: 674

Quote from: L A R A on November 15, 2020, 03:48:08 AM

Some projects have had to stop for several reasons:

Lack of funds
This project was created by a scammer who just wanted to make money and didn't really want to build the project.

Probably lack of interest too, when they lack in funds, they should not launch the project, the thing is, we are seeing some projects that raise at least their minimum funds requirement to start the project, but they still fail in developing the project, question is, when will they use the funds if they will not return it to supplier. We really need the regulators to regulate and look at the market to remove the scammers who are abusing the newbie investors.

Jeger.Kiting

full member

Activity: 630

Merit: 102

Quote from: ?? on ??

Many crypto projects have stopped due to lack of funds and due to the search for available members for their project or to be a team in their project in the development of a crypto project is not just because it still needs to improve their papers. so that they can sell the coin in their presale but it is not just because instructions are followed before issuing a presale in their project.

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 ...

Doranile432

member

Activity: 476

Merit: 22

Many crypto projects have a short term journey from the beginning, the team never planned to keep the project alive, they plan to raise funds and exit scam all along, its not always lack of funds, since 2019 many new projects raised funds successfully and after a year interval they stop development

L A R A

full member

Activity: 728

Merit: 104

Some projects have had to stop for several reasons:

Lack of funds
This project was created by a scammer who just wanted to make money and didn't really want to build the project.

Salauddin1994

member

Activity: 868

Merit: 15

The reason for the closure of crypto projects is that the demand for crypto projects is declining or the teams that run the projects cannot move very far due to lack of sufficient funds also if traders are harmed by scams they may not be able to believe in new projects. crypto projects have been shut down due to declining demand there are many tokens that have no value in the market teams can't pump a lot of time without competing among themselves in order to keep the projects going you have to capital.

Nekonoid

jr. member

Activity: 212

Merit: 1

Quote from: ?? on ??

Many crypto projects have stopped due to lack of funds and due to the search for available members for their project or to be a team in their project in the development of a crypto project is not just because it still needs to improve their papers. so that they can sell the coin in their presale but it is not just because instructions are followed before issuing a presale in their project.

Cryptocurrency market falled from 2018. So team of the projects lost their money because fall of the cryptocurrency rates. Developments take time and money and it is very difficult to develop a project when the whole cryptocurrency market falls.

Now cryptocurrency market raise and situation is different. But it is necessary check the team before investing and check everything - the security of the platform, MVP and many other things. Here information about this https://bamboodefi.medium.com/.

Remember that all investments need a carefully study Cool

lunnatic

sr. member

Activity: 1190

Merit: 250

COMBONetwork

according to my analysis some cryptocurrency projects have closed because they have no demand and have no innovation,
so the project is dead, many projects in 2017-2018 are now dead projects, for example Helbiz, XYO network, Dent etc.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

Every crypto investors that quite any project have a reason for such decision which many people seem them as unwise investors. Over 3 month now many crypto investors started to they experience low profit from their project, that they were thinking it will bring a good income at the end of the business.
Many crypto investors stopped their project because the way cryptocurrency is no longer stable as before that is giving them joy at the end of the project. Many crypto investors wish to see crypto rising every day by day, for other currencies to reduce than see bitcoin rising crypto is reducing when the year is approaching, many investors need money to celebrate Christmas and new year.

Skadi360

jr. member

Activity: 66

Merit: 1

Majority of this happens only in scamming purposes project. Even successfully ending the sale, it will natural like popping bubble it would disappear in no time because the project has no significant utility. All just copy & paste features from the successful ones, that is why its important to DYOR. Taking risk is important but taking risk while knowledgeable will significantly lessen the risk.

angrybirdy

sr. member

Activity: 1022

Merit: 276

★Bitvest.io★ Play Plinko or Invest!

Quote from: Fakhrulenclix on November 14, 2020, 06:16:35 PM

That's why you should not trust the new project, I don't say that all new project not trusted but most of them is. So if you not sure about the team of the project better you skip. Join in a new project is so risky but so profitable if you can find it. And I think to find a good project is not for newbie.

Btw, there is nothing you can do about such bad developers

That's true. Most of them always stop their project halfway once they get the money they want. It is not applied to all projects but most of them actually do this kind of exit. In this situation, we better try to investigate deeper and try to analyze the project what their real plan and if they plan for the long term of just a short period of time.

KimmyF

sr. member

Activity: 978

Merit: 250

Quote from: Fakhrulenclix on November 14, 2020, 06:16:35 PM

That's why you should not trust the new project, I don't say that all new project not trusted but most of them is. So if you not sure about the team of the project better you skip. Join in a new project is so risky but so profitable if you can find it. And I think to find a good project is not for newbie.

Btw, there is nothing you can do about such bad developers

I know so many projects are scams, but if we don't invest in any new projects, then how will we get coins? New coins have more features than older coins. This could be the main reason why new projects stopped developing as promised. I have a little experience, but I will also give advice not to invest in new altcoins without listed exchange (like Binance).

Fakhrulenclix

sr. member

Activity: 1638

Merit: 339

That's why you should not trust the new project, I don't say that all new project not trusted but most of them is. So if you not sure about the team of the project better you skip. Join in a new project is so risky but so profitable if you can find it. And I think to find a good project is not for newbie.

Btw, there is nothing you can do about such bad developers

InwardContour

sr. member

Activity: 644

Merit: 260

Quote from: CryptoYar365 on August 09, 2020, 04:04:14 PM

Developers have reasons to suspend projects that they have run for reasons of the market situation and the lack of interest from investors in new projects, failure to achieve the soft caps they are targeting can temporarily stop the project until the developers get the funds they are targeting to develop projects with minimal funds.

Some developers have successful token sale, even hit hardcap but along the line they halt everything about their project. In this case, it's obvious the initial purpose of the project is "money grab" only, without intentions to develop the project. Some will have mind blowing Whitepaper with awesome milestones to be achieved on roadmap, but at the end won't achieve anything. However, some projects do halt due to mismanagement of funds or insufficient funds to continue with project development.

firmino10

member

Activity: 372

Merit: 11

elysian.finance

The vast majority of the set destinations of the project is excessively false. They need to achieve something that will take a long time to achieve in only couple of months with the desire for getting money in type of commitment from individuals however when they face the genuine work, they will understand that they have long approach which may implies they will require more assets. It become hard to tell the community since they wanna keep the vibe. At the since quite a while ago run, the project become latent

motun01

member

Activity: 431

Merit: 18

there are numerous cryptocurrencies projects has been ended by the designer of smart contracts. This is regularly chiefly due to the mentality of group, they know nothing about the fundamental information how to fabricate organizations, they know nothing about the structures of organizations, so even they have alot of cash they don't have a clue what must be finished with their cash.
Projects sometimes are not realistic with their goals and they plan so many things that s great on paper but will be difficult to bring to life, so that projects will eventually have to stop sooner or later.

Topic: Why do some people stop their crypto project? - page 7. (Read 22919 times)