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What could make a project hanging around for many years and still fail to launch their project in the market? I'm actually talking about pi network that I've knew since 2017/2018 but till date they failed to launch and yet I keep seeing their offices active in China and other part of the Asian market, I'm just wondering why they aren't up and running already

There are many reasons behind the projects are waiting forever to get launched, one main reason is lack of funds to promote the project into the many people which is the only thing that can attract more investors and make money for them and others are like not favourable market condition, already some projects exists for the same solution, not enough community support.

I've read a lot of reviews about pi network and sorry to discourage you but you should stop hoping that there's something for that project that you're waiting for.

It's too late that you've known and became curious about the project. You should already have the idea on why they're too lousy with their project and about launching.

Sorry but it took you long to realize that there's something wrong already with that project that you've allocated your time. Well, not that too late to stop it.

 those project that been hanging around for years and still can't succeed until now is definitely is a scam project mate, wherein what they need is to accumulate profits from participants not to give opportunity despite of their promises, and fyi most of them keep changing designs and names in the space to get some victims again and again so be aware when it comes such project.. Stay away instead..

There has been some project that only gives false promise to their investors by delaying their launch and when they see something new has come up, they deliberately leave it and focus on the new one like what happened to some of the old projects that switch their focus on NFTs. Some others just give it up and didn't really pursue to develop their project as they said in their road maps. Because most of the time, the problem would be because of the lack of funds and support from big-time investors.

Perhaps they sold their idea to an investor, and he decided to redo everything from scratch. I also do not hear information about this project, although there was a time many talked about it and offered to buy a share of tokens based on growth in a few years. But history is shrouded in darkness and time.

Isn't it too long if a project takes more than 2 years to launch? Maybe it could be due to funding problems or refinement of the system, which takes a long time. Some of my Facebook friends always promote this project, and I see there is still the latest update from the pi project. I don't know about pi, but my question is, does this pi project not contain a Ponzi scheme in it?

They didn't have skill but they were forcing themselves to launch garbage project just caused by the money that can be raised through ico. I have been seeing bunch of these garbage projects since a few years ago before crypto being famous like this time. They were also lack of competence to develop product. They can't even create pre-alpha product.

So many thread has been discussing about this token and it's shit scam token. https://research.aimultiple.com/pi-network/

Honestly I also think the same thing, I'm also a pi miner, it does feel very boring, but I'm sure this project will continue and succeed... we can't guess their road map, our opinion could be wrong. So far there is no indication they will commit fraud...

one of the reasons is they will upgrade more robust and fast system so that it is not easy to hack, maybe they lack of funds to promote the project to attract investors or they don't actually develop the project they are working on, I said before the project was launched to the market, some Most of the project owners don't want to fail and they need real analysis before trading their coins.

All have stages and times that have been adjusted based on the target. They didn't launch it in a short time because to succeed in such a promising project there would be a lot of procedures. According to the road map they have made. Given a long time affirmed as an agreement to achieve a common goal.

I don't know for sure about the PI project.
But from the information I got from the site I have ever gotten that the PI project is synonymous with lies.
The Xinhua and China Securities Network news agency once reported that PI coins and mining were fraud and PIs were involved in fake propaganda.

This is the right answer for your question.

Link: https://bitcointalk.org/index.php?topic=5182433.650;wap2

It was pretty obvious that the team never work on it because they want, it would be in the market last 2017 or 2018 but it never happens, and seems it was hopeless to see it.

Anyway, we don't know their plan but it is less possible for this project to succeed than to fail. Why? It never gains support from the community and the people are tired already waiting for them to launch.

I could say that you may forget about them and move on. There are a lot of projects that are worth investing in.

I don't know why you were expecting a platform that's selling your personal data to actually launch like a normal cryptocurrency project.
I learned about this last year and also read a recent review https://research.aimultiple.com/pi-network/

I think they will face a lot of legal issues because of their business model.
 
Were you able to verify that those offices they were posting are actually real?

Been hearing about this free mining in your phone crypto platform. I've tried it myself and been holding it for a month. I saw that they are building something promising yet they still failed to deliver. There are many topics are posted about it here though which you could read that they scam or something like that or even mining your data/secretly getting some datas from your phone. Upon investigation, I don't see any compromise when you install it. You can even disable permissions about its usage. When it comes to development, I think they are releasing their blockchain this month. It was in their roadmap and if that doesn't happen, then you can uninstall it.

PI Network is scammed project, I understand why many people hope for this project to be listed on the exchange because they have got it through mining with mobile phones which is impossible because mining requires big resources but on the PI Network it is very easy to get so don't wasted your time to this project just forget.

Well i don't really know to much about pi network so i don't know what is going on there but it always depends on what a project is trying to achieve and sometimes they are trying very complicated things that no one has done before and if that is the case then it is not so surprising to me that those projects need a lot of time until they have a product that is working and also stable and robust enough to be ready for the market and a lot of users. If you are only launching the 9000th meme-coin in a week then you probably need 1 day to be ready for launch, you just create a  ETH or BSC token, take a website template and fill it out and boom.

 I took part in their mining related until I recently had issues with my phone and it was said if it reach can't say precisely 27million  they will launch after wards.

PI network is not a project it is scam, the only thing they are good at is how they market themselves and how they found themselves with all this promotion without proof of how their currency works or even obtains a market value.

Good projects start with the support of the community, but PI's project starts with promises, and dreams, which only lead to being a victim of such scam.

Next time, pay more attention to the technical background and behind the project more than the promotion.

So many people are still mining pi and believes that something good will happen in near future about this project, I'm not saying it's impossible but the fact is they have no excuses for pretending to launch years ago and they did nothing where as new projects get launched in a week or two and get listed on big exchanges in just a month, it shows that those behind pi network are not serious

I think that's scam indication, as far as I'm concerned, the project will launch as soon as all is ready, usually within a month or two they will started to work.
I'm not accusing Pi Network of being a scam, just guessing that they're not ready for the next step and may still be looking for additional funding to promote their project and make more people comes.

Well, I do wonder the same thing because I know some of my friends who has been mining this Pi for a long time and they still have not been able to withdraw or do anything with it at all. I have once thought to myself that it might be another scam project, maybe they are just doing to steal people's information, but I later changed my mind about it after they released their test wallet. Maybe they have a target that they want to reach?

There are people who are still mining this coin, and they don't seem like they are ready to stop. Some of them were saying that it was going to get launched in this December , but it seems that is not it. I just can't tell what is really the issue with them. Maybe they have a target they want to accomplish before they would launch?

The truth is, I think that a project takes a long time to come out because its creators do not see it as viable and they do not see it with enough characteristics to be launched at this time, maybe if it is an ICO, IEO, or whatever is based on it, it will not it would have a lot of life, in fact what is currently taking life are the NFT games and especially those that are leaving on the side of the metaverses, in addition to seeing their structures are not very difficult to put together, perhaps many of those projects are not They will launch more and they will stay there just in case the crypto world has a direction towards these types of projects with characteristics similar to the ones it already has.

This question should be answered by the devs of PI network because only them know why almost 2 years since this project announced but till now still under testnet phase and never been released but the worst part is some of people in my country still mining this coin through their smartphone which this will be useless because the coins cannot be sell or withdraw and wasting their internet connections

In this down market, it is always necessary to buy the safe, and the safe is BTC, when we start to diversify we can think of currencies that have had a good performance throughout the year, we have Solana that reached 220USD, We could also think of DOT, UNI which are currencies that have had a sustained growth and that now due to the bearish market have had normal falls.

In many articles they have put coins that have been more winning than others, those coins are the ones that have the necessary potential to be able to compete and be a gold mine at the moment, in my case I have bought something from BNB, Solana, Matic.

2 years is long enough for development, without success, I think the pi network is just looking for time to hallucinate the price offered from 2 years ago but until now there has been no progress at all, don't think the market system is not clear

I'm sorry I didn't mean to disappoint you, but I've been away from the pi network for a long time, wasting my time
Even if tomorrow he does reach 1k$ / pi, I'll let it go and forget I've ever known the pi network

Yes, a useful article and explained very clearly. I also have this app and haven't thought about it before, but just pressed a button. But recently doubts have crept in as to why things are moving forward for so long. This is a waste of time and empty expectations.

I guess you should leave in that project. if you think that it's already hanging for a long time without any progress? It is pretty obvious that it was useless and maybe a scam project. I'm not judging any project here, Im just basing my opinion on your OP? The title was telling us that the project takes forever to launch and for that reason you probably told us that it consumes much time already and yet it was not launched at all? that's why for the best just find another one that's simple.

I think there are many factors that make projects take a long time to launch, possibly due to insufficient funding, not attracting investors. However, if after many years the project still hasn't launched, you need to re-evaluate the project seriously, it may be a scam project. For the PI project, there are many people who have joined with the hope that it will become the 2nd Bitcoin, however I see that it does not have too much superiority and the potential for future development is quite small, please careful.

If it is indeed useful, then it is not appropriate to say that it is a waste of time and empty hopes because all things for renewal obviously take time and will also not be able to move so fast because the robustness of a product is when its development is maximal even though it must take quite a long time.

Because the trend always moving on, now many projects offering new NFT are so many to see today and not a rare sight, before NFT there's a lot DeFi projects. The other thing is maybe they're not having enough funds to run their business so they delay it and remake their roadmap, their function, their team to get more investors. Many projects now offer staking for their tokens to attract new investors.   

When it comes to authentic project, what could make them deny their launch is because they're still working on the project and it isn't ready for the public yet. Now do understand Pi network doesn't fall under this classification as it's neither a authentic project or actually working on themselves. This is one of those ponzi like project that just survive on promotion and actually has nothing building on.

The officers active are only those promoting it for their selfish benefits. People are brainwashed to not call a project worthless because other worthless project has successfully gotten community support in the paste and gain momentum thereby making their earlier support good return of investment. Scammers are using that as leverage to make people keep participating in their scam.

The school of though here is they have nothing to lose since they're not investing their hard earn money and have all to gain if the network finally launches but they forget they're making use of the most valuable currency which is time and that is unrecoverable.

China seems to have a lot of problems if the launch of cryptocurrency projects, not only PI I even met several Chinese projects in 2018 but they failed the launch. I'm sure it has something to do with their regulations.

A project can be delayed because of following reasons:

1) Funding issues: The project developer might not have planned his expenses correctly and thus have ran out of funds. Now , he has to wait for investors to come on board and and support his project so that he can take it forward.

2) Scam project: It might be a scam project from the beginning. The purpose was to extract money from initial investors and never actually launch the project. Once they have gathered enough with one project, they will end it. And may be they keep repeating the process with new projects then.

3) Some technical issues: There might be some technical issues in creating, launching or upgrading the project. If this is the case, it shows that the project developers lack experience and thus you should stay away from such projects.

in my view, just following the market from the concept of the project itself whether it is in accordance with their target,,because the market competition is very solid and many altcoins are equally eager to advance their project,,and it all depends on the team that handles the project whether they are.will adjust the market or will just wait.

nice explanation. maybe i need to add more
some project need more time to launch because of new discoveries that never exist before.
for example ICP (internet computer)
it was founded in October 2016. On December 18, 2020  alpha mainnet launch. then on May 10, 2021 go to public.

Of course, the launch of a project must be many reasons, in addition to not having enough funds they must also be able to create a community that can indeed manage the project because a community is very important for a project, so this may be experienced by those who are currently difficult to build a team that can work actively in all sectors, But if there is a project that has not been able to be launched for years then the project must experience major obstacles.

Funding will allow hiring professionals and building communities in the back but to achieve the budget is needed ideas as well as strategic vision of the project, too mediocrity will not attract, this is the problem that makes many projects go through many times of fundraising and still fail to complete and go bankrupt. Besides this obstacle, we should know that the connection and negotiation between exchanges and projects are very confidential, take more time at this stage but it can be said that the project that wants to be launched soon will need a professional team to frame more ideas as well as extremely terrible cooperation behind it

It's pretty hard to tell, days ago they even announced they are ready to launch their mainnet so we can't say they are scam but honestly taking forever to launch a project that can get released in just a month is red flag, maybe they already sold the company to another

I know several projects that promise their community for about two years, but do not realize their promises, I think these are frivolous projects that do not adhere to their roadmap, and after that trust disappears, unfortunately such projects are very common.

We really can't say the exact reason why PI network has refused to launch, but it's more logical to see that the project is hiding something. They've made some laudable promises which may be impossible for them to fulfill and are hiding behind the premise that they are yet to launch. It's best to consider the project non existent.

PI will not launch because of regulations, they are been held back because they couldn't do what regulations body have instructed them to do.
Another thing you should look out is that, idea on papers are just like planning and that's the most hardest part of evaluating a project, if you failed to plan very well, you may end up putting everyone at high risk and yourself which will eventually kill the trust built and at the end, collapse of the project.

Aldo don't know why you guys are so obsessed with PI coin, you all lazy to read the fundamentals of mining that's why you all waste your precious time thinking you are mining with your mobile phone. :-\ :-\

It's both sides actually, some are claiming that it is a scam and some are not. They can just announce the launch of their mainnet, so that they can make their people still hold or root for it, it is still not an indicator that it is not a scam. If I was like one of the people to really buy my time for that project, I would honestly could have forget it if it took so long.

Another reason for the failure of most enterprise Blockchain systems is the fundamental misunderstanding of the Blockchain's economics and the means to creating long-term monetization. ... Therefore, firms should understand the network effects of initial use cases and then line them up with the early user base.

There’s lots of considerations. Technical development, team collaboration, marketing, building in the right niche, serving customers with real needs. All of this is what makes it hard to start a business let alone innovate in a budding industry/tech. Which project are you talking about?

the problem is we never know exact what make them failure to launch the project, inside and outside problem can be main reason to hold their process.
this is the common problem for bounty hunter (who wait for the reward) or for investor because the coin not distributed yet, or maybe they already obtain but still hold until they launch it project.
keep in touch is needed, to know development of a project.

And there are some that I've seen, they're looking for a budget.

They even started out a project that didn't anticipated the cost that they're going to make. And that's why some are delaying their launching because they want to make sure that they've got their pockets filled first.

Instead of putting that budget into those factors you've mentioned and some are just really a scam project that they make it look like they're delayed.

It's pi network.

if the team behind this pi network is strong and know what they are doing, they should have been listed in at least one exchange already. but up until now, they are just collecting info from naive users who will mine their coin. so hopefully, those miners of this coin will finally realise that this is just a junk project and they should stop as soon as they can. maybe, they are hoping that one day it will get listed and their efforts will be paid off. but i highly doubt that it will happen. so many seasons and hypes have passed already, and yet they are still mining, for what?

Yeah projects like Pi network is fishy but still don't know why their team still promoting it unless they still gaining for it, since I heard about it before like more then 18months ago I felt that it's not a real project that is why I stayed away from it cause what are people mining if there is no actual transactions to be verified on the blockchain so what are gaining for verification for transaction that isn't their on a blockchain that I doubt that it exists that make you say that the whole coin don't exist and worth nothing if it even there.

Only the project owner and the project team know the real reason why the project is taking so long to launch. In fact, there are many projects that
continue to experience delays for their launch schedules. From my observations, it is possible that fundraising has not been on target, so projects
will take a long time to launch. Because the project owner and the project team also want to make a profit before they launch the project.
What's scary is that scammers sometimes make excuses for delaying launches, in order to cover up their scams. Many new projects have not been
launched for a very long time, and in the end they end up being scams. Finally, investors and bounty hunters  become disadvantaged.
This is the importance of us being careful in choosing projects, doing research and analysis properly to be able to avoid choosing the wrong projects.

I know Pi too from its early days way back, when they were pretending to be mining on phones. Unfortunately they haven't been doing much. About six months ago, they became a little bit more active before getting into the end of this year.

Most of those projects have imaginary concepts. Starting with an ICO trying to attract only ignorant investors.
Long time after the ICO finishes, no one can confirm that the project in which he invested is an exit scam as the community is still alive (might be fake also). Check many projects in the first two pages CMC and see how old are many of them without any hint about even a prototype.

I see a lot of differences from the project now with the existing projects in 2017. In 2017 the project that runs always smoothly does not even care from any country including China. But in 2019 until now there are many considerations in launching the project. And the country that I often see as failing or a lot of delays in project launches is from China.

Pi reminds me of Swiftdemand. It was one of the foremost projects I came into contact in 2017 as a noob. It was a daily claim thing too. I think it was 100 Swift  daily claim. At a point, the dev came open and told everyone on the telegram group that he was letting the project rest as he didn't have the financial capacity to further pursue it. That was after two years on the project. But a lot of users refused to stop claiming. They said they would make it a community driven project. Till date, they're still some users who are trying to revive the project which had already been abandoned by its owner. To me, that's like beating a dead horse.

The regulations in China are very different from some other big countries so that the project failure they experienced was also very fair because they only wanted their goals to be achieved temporarily for the purposes of outside investors or those who entered into their projects they didn't care at all.

Project which already far from their roadmap, shouldn't be followed too much. If we lose after made investment in a project that not launched, then we should get our money back from other project. That is why always split our investment especially for project that not launched yet.

I think all peojects have their own plans, and all of the plans run in a different time. Some porjects run faster, may be because they already had fund to do all its plans.

But some projects need fund raising first. They usually hold some sales to get it.

But, if we talk about that platform, you said before, If it run but no more improvement, no more thing we could hope again, yeah I can say it is a failed project.

Not only do they have the funds to carry out plans for their new project, but also a very solid team willing to work together to make the project a success in a very short time.

It was a different project with a very good team condition but didn't have enough funds to carry out their plans at first, so this kind of thing should not be judged the same as a more mature project.

I believe you interpret how to invest base on project achieved goal. Those project that successfully made far on there roadmap is the one that you need to follow most because they are already on pump and dump state. Most the project that nears to achieve there are most likely will gonna success because they can focus already the funds for there marketing and cut budget for development since they are already near to finish there goal. Watching new project from the beginning of there roadmap is very difficult because you don't have any assurance that they will really succeed.

We have already a long discussion about Pi Network they are not honest about their project and they are monetizing their website at the expense of their members I used to have Pi on my phone until those annoying ads keeps popping up and worse they are asking people to verify by submitting important documents, even if they launch their project and list it in the market, I don't think I can trust people who exploit their members.

Good projects will run the roadmap according to plan, but it turns out that the development team often encounters various kinds of obstacles that
require these projects to be delayed for release. But it won't be a big problem if it turns out that the development team can inform what happened
properly and openly. But the fact is that many projects give unreasonable reasons and there is no word on when the next release date will be.
In fact, sometimes there are project teams that act unprofessionally by cutting off communication, if that's the case we have to be careful.
Since there are projects that do this for fraud, it's important to check the track record of the project development team. So we don't invest
in the wrong projects and also for bounty hunters don't choose the wrong projects to promote.

Sometimes they have to wait the market condition become bullish so their coins will not going under the ICO price after a week or more.
Mostly the investors are not really care about the projects behind it and just look at the coin's price, if the price is under the ICO price in the market, the project will be labeled as a failed project even the project is being developed.
So this is one of the factor why projects takes so long before the launch to public.

It's the community-building part that takes time. Without a community, nothing really works...