Bitcoin Forum

It is a Fact!
The bitches have the/ your money and have no intent to develop their projects: A registered office with a few tweets that are are BS.
Cardano is about the only project that is genuine!
Good luck if you believe your project is genuine!

I think you should do proper research before investing. Otherwise those can scam you anytime. There are lots of scams out there and we should be careful.

Nowadays there are a lot of fake teams who take the tokens form the people and make them fool by showing a lot of fake things. So, you have to make sure about that before investing your tokens.  :-\

so sad that so many projects / icos only want money and that was it. finding a good project gets harder every day. hopefully some good and serious projects will be back on the market soon.

I think you are quite correct, this is the really of the whole cryptocurrency space, many crypto projects are abandoned projects just occupying the crypto space,nothing is done to improve on it. It's a sad situation.

its true there are teams that abandoned their projects, you can call it the hazard of investing. and this is why users here are encourage to investigate before sending their ETH and BTC for investing. if there is already a sign of scam, avoid it. there will always be a project that will sprout out any moment where the team has credibility and are responsible enough.

Most of the project member expends the collected money on salary, roaming and vacating around the world,  buying property for themselves but at last they have no remaining money to work for the project and hence they are forced to stop the development.  :-[

Yes, it is true that many ICO projects are not currently in active development.
This is worrying because they raise money and do nothing.

LOL, what does Cardano have except a whitepaper? Only ETH is genuine but unfortunately it's centralized.

Here's a kind of life circle of a project: Colorful whitepaper + roadmap --> ICO --> listing --> good news, partnership --> test net --> mainnet --> abandoned.

A sad thing indeed. It just bothers me how one can be able to filter out the potential scammers  :-\. They seem to know how to play their game so well such that unsuspecting victims fall prey into their hands.

This is a funny post. Attention seeking it seems, or just shilling cardano. I have never heard the claim that most projects have been abandoned. I guess when you look at tiny tiny projects with no trading volume, that have been forgotten on exchanges. It's possible that lots of those have been abandoned. But it's pretty easy to tell based on social media and github, if your project is being worked on or not. Very funny.

There seems to be no links or names of atricles to back up this statement. If this is in fact true, please provide evidence to support your statement. Otherwise such an important piece of news will be dismissed as a rumor. ETH for example is still a good altcoin.

Giving statement that many developers have abandoned their projects and at the very end will give light to a very coin that he holds.

This happens not only in the forum but almost everywhere. But I'll go with his first words about those projects that has been abandoned by its creators.

If you are not so good in choosing and knowing the developers, you will be in fate very often.

Dead coins is the fact. You don't have to have the list of projects that dead, I don't think someone will be interested to actually list a coin that is dead. Exchanges are delisting these tokens before its pronounced brain dead. There are projects that had been abandoned after ICOs, bitcad just to name on e and there are more of these that shall remain dead.

You're right, most altcoins make unilateral resignations, the cancellations they do have hurt many investors, many people lose money, fraud in this way is very neat and structural, it's very dangerous to let altco like this continue in crypto.

Unfortunately, the teams do not have the obligations to advance the project, we are supporting the projects as volunteers. It develops or ends depending on the perspective of the team.

Yes, you are right, I agree with you.
Most project teams this year have chosen to abandon or resell their projects after raising funds. I think this is an irresponsible performance. Their purpose is to make money.

especially when ICO is finished, there are lots of annoying developers who leave the project
I really hate this situation, where there is no online police ready to catch a naughty developer
we need online police or some kind of regulation so that the investments we make are really safe and easy for anyone to do

What is your specific basis that aside from Cardono the rest are unreliable by now? Maybe you don't do the research that Ethereum is the most trusted and the most reliable altcoins investments. Vitalik Buterin is not abandoning Ethereum as he make the platform to become more efficient than other Altcoins like increasing the transaction speed of up to 1 Million per seconds far greater than Cardano. Maybe you are making FUD to some Altcoins just to attract more people to invest in Cardano which is a wrong strategy.

This is turning out to be quite a secne now, as alot of these ICOs scam people and take their money, so people lose everything on these wothless coins. Although some are actually, good like EOS, NEO etc.

from what you say, I think that is the thing that should make investors more thorough and do a lot of research in choosing the ICO that we will follow

If it happens that way then it is a bad thing against the ico project. This will not last long, it will even end up worse for altcoin. This experience should be made for investors to be more careful in choosing the ico.

This has been the case for quite some time now. A lot of ICOs have scammed people and ran away with their money and now the coins have become shitcoins. Apart from Cardano, NEO and EOS are also legit and they are also doing very good in the market.

There are both authentic and fake projects. Maybe Cardano is authentic but it doesn't mean that only it is authentic. I think we should take precautions about scams.

Frauds are available in every sector. That's why i think research and study is the main key behind success in crypto world. We should have enough knowledge to figure out good projects.

well that's why we should do some research before we investing/buying some tokensale. we should now what they offer, is it promising or no and how's their roadmap planned.

So which projects??
Cardano is a very good project. And I don't think you mean Ethereum, NEO, Qtum, Ark and a lot more are still in the race..

It's a norm now.. Lots of fake projects everywhere. Only a few are dedicated to create an impact in the space. The rest are just bent on making profits and eloping.

Crypto cashout is another problem projects faced. Today i 've seen tweet by Ran neuner stated that he spent the morning with ICO whuch raised 30m$ with a solid roadmap,they raised funds when ETH was 1200$ and tonight they paniced and sold all eth. They have just $4m left

Well it's really hard to find a good project that genuine. We all know that it comes to money people change their mind and choose to scam other instead to full develop their project. That's why we need to find great one project.

When bad times go, many people turn themselves away. And this is normal. I think the actual projects will survive. Cardano is a trusted and secure project. Its future is good so I think it will remain in the market.

This is now rarely occurs when a team simply appears from unknown people who do not even know that they are a project team)))

IMO 2 groups of people belong to that problem: the unreliable team and those people who trust blindly and invest money in these projects.

It is not the right time to invest in icos now i think. Because market is bearish and projects do not want to lose their money. And other situation is scam projects, dont waste your money. There are many trusted and developed projects now, you can try them.

I think altcoin is alternative of bitcoin but it’s increasing rate is not so high and sustainable as bitcoin. But hope it will be improve gradually

I think its not digital cryptocurrency has many project and currency like bitcoin, altcoin . In altcoin there are many project. I think some projects are genuine .Alt coin is a good currency may be most of their project is genuine.

A lot of ICO projects that gave out their ALT tokens have become a joke right now due to the current market situation circulating the altcoins and the loss of trust among the investors. But there are few ALTs who are still holding their grounds right now like, Zilliqa, EOS and NEO. Not sure how they will be able to survive though.

75%  of the projects involving cryptocurrencies don't last more than 1 year, says bloomberg.

Enjoy this huge crash. 95% of all altcoins are scam.

Many coins could not simply evolve due to the human factor, namely the insolvent teams, which should give support to the project.

#genuine_project #It_is_a_Fact!
 :( :( :( :( :(
many people investing  money, Good luck if you believe your project.

Yes, this is the most challenging thing to decide whether we are investing in a project which will be ultimately developed for the better earnings. Currently, the scenario is getting really weird day by day about the trust issue. The Scams need to be controlled otherwise in near future nobody will invest in them.

I really don't get updates regarding these topic from the valid sources but yes if they decided to abounded their project then their must be some internal issues are involved here, if you have good project then you don't have to worry about all of these

Unfortunately, this is a fact. There are a large number of projects that simply stop after collecting ICO money. For this reason, governments are so against ICO projects and are trying to stop them for all sorts of reasons.

Yes, it is very true. I am also experience same problem when doing bounty hunting. Many ICO projects which I have joined as a bounty hunter are scam projects and they abandoned the project after collecting some money from investors.

That's why I don't trust ICO right now especially those who make yheir cpins to attract investors, they are good at first but after the ICO. They are all selling their tokens.

Yeah for the new investor to ICO, we have to really know and do a long research before investing because many ICO teams just need a shor profit and don'e have ambition with their project.

At the end of the day it really depends whether a project has intrinsic value. To find out, you can't leave a single stone un-turned which means you absolutely have to make sure that the project you invest in is not just some vaporware after its launch...

 2018 projects like Menlo One are barely noticed around here, but I am convinced that it will soon gain mass adoption and could even possibly not drop in price after its token sale. Here's the interview that got me convinced featuring Menlo One's CEO https://www.youtube.com/watch?v=Rw1QBpBYE6o

There is always scam among any projects. Do a better research before getting an investments into projects like this. Sad to see how prople are coming with some idea and abondening it quickly.

When a thing get success then duplicate also comes in market. You should have eye and knowledge of good one. Your gone money can't back. But if you choose good one and your luck is with you. Then you can cover the loss.

Many teams joined the arena on the good times with good community support at the time, but now there is very little interest in micro coins due to the many exit scams. You can´t blame them.

Because have many fake team and scam projects.

Nowadays, we should be aware of ICO because there are so many scams involved. It is important to research and learn about the ICOs and limit participation in bounties because efforts will be wates when you are simply deceiving by them.

I think we are to blame for the development and improvement of the scammers because in these topics we give them advice and answers to their questions and that they put focus and trick us if you did not write these topics and questions How to find the scammers and do not get on their bait them will be less,

Well it is worthy to know that most project does not require blockchain and most project doesn't require millions of dollars to be developed, most project teams have collected massive money from the crowd, then use some little part of the money to hire some developers and they have moved on enjoying the funds been collected from the crowd.

I have realized there are bunches of ICO teams that are here to raise fund and run with investors money thereby abandoning the project without developing the roadmap hence the coin is worthless if at all they get to distribute the tokens to the investors.... One need to be extremely careful which project to support

I've already noticed that too and i have to say that i do not like it at all. really a shame that so many promising projects are just scam. you really have to be very careful and even then it is not certain that the project is not scam after all.  ::)

It always constitutes a good idea to check the existence of postal adresses, corporate registries and also the legitimacy of team credentials such as LinkedIn profiles (which might be faked as well)

You must be joking if you think that the only project legitimate in the Crypto market is Cardano. Have you heard about Ethereum, IOTA or many such projects. I'm pretty sure you are going to end up regretting your decision few months down the line of only investing in one currency.

Is it just me or is this deliberate spreading of fear in an attempt to generate sales for one particular coin? Why else would a guy make such an aggressive claim against everything else out on the market?

I find it hard to believe that every ICO is a scam but somehow there is a multiplicity of coins that have been going strong for years now. What did they do if they still have the money of their initial investors?

But we are facing some rough waves and there will be some pretty hard tests of confidence going on. It will shake the market a bit and some people will lose their marbles, but such is the case with markets like this.

it's true because there are many fraudulent projects and many of them left it failed to invest, there we have to be careful in investing ETH and BTC if there are signs of fraud avoid avoiding it, look for other projects that are better and better.

i totally agree with you . some people get very biased towards certain projects and think it's the only legitimate one , this kind of attitude make them ignore many GEMS and then regretting not investing.
i do too know that alts teams are becoming more greedy everyday and once they realize they already have spent most of the money on their leisure , they will just leave the project and go.

For sure a huge problem in the space. That's why our project (KryptoPal.io) actually built our beta before even  doing the ICO which starts today.

The best way to see if a project is real is simple: have they built anything? Real startups know that you don't even attempt to raise funds without an MVP.

If someone builds something you should see what the project is about. Instead of investing, do more research.

I think before you say anything that is confusing to investors on this forum, you need specific evidence to convince you. You said alt team abandoned their project and I found this to be incorrect. All altcoins, as well as potential projects on the market, are running smoothly and there are no signs of lethargy.

Most alts are shit and the number 1 post in this thread is spot on. But then there are some where there is a constant improvement in the project and something big might come out. For example check CargoX (CXO) if you still did nt hear about it. Very underrated project IMO.

You have to be always careful. Projects must be really interesting so that you can invest in them. This should be quality projects and they must work on their product. Choose good projects and invest in them. Altcoins are really good and you have to find those projects that you believe in.

It is not the teams fault, it is the people who started putting large money into anything that even remotely looked like half good. Making money is not that easy.

I have come across some of the abandoned projects, it is very funny that it is very difficult to locate or rectify this project that will be abandoned along the way because most of them looks real with beautiful concepts and white paper you can't help but invest. Something needs to be done about it.

there are too many scams there and you have to be careful in investing so you don't regret later

Maybe I'm just lucky but all my projects are actively being worked on and updated on Telegram with constant updates.  Cindicator and Oyster Pearl are two examples.

It is only greed that makes a dev leave his project after an ICO. The thing is it is always good to be wise enough to know what to do at all time while investing in any project, do your due diligence and research on the project very well check whom they are in partnership with, and how long they have been in business.

Always do research before investing to the project because there's a lot of altcoins has a flowering whitepaper but it is too good to be true, so that, it's not good to invest on it.

BTW if you want to make profit just invest a little bit of your money on other altcoins because no one can predict when they pump or dump

Unfortunately this is true. The market is officially awful. I don't think it's going to up for a long time. However, if the Daico's go to the market, these troubles can be overcome.

Hello,

Of course there are lots of team that abandonned the project after taking the money, specially on that mergin markets. Lots of exit sams with people always trying to cheat peoplend take easy money.

That's why it is very important to check and recheck the project you are investing in. Of course 0 risk is not possible but real team are easy to check and after it is more the project itself that is realistic or not.

 That's true about most altcoin projects and that goes a long way to show how shallow their products are. I believe most of them are just doing it for the potential Ethereum as well as Bitcoins they could gather from the listing of the coin. Not that they actually have something serious in mind from the start.

You are very right because that is the reigning thing nowadays that some people will just bring themselves together and claiming to embark on an ico with the motive of scamming innocent investors. Some will even go to the extent of copying other ICO's idea in other to deceive people.

you understood that this is not real money, that many people in this industry will turn out to be scammers. This can be discussed for a very long time, but you must decide for yourself whether you believe in crypto

That is becoming a tradition lately whereby almost all ICO teams abandoning the project after raking in millions of dollars from unsuspecting investors without the intention of implementing the project because they never intended to and that's alarming and hurts badly, I hope there will be a regulations that protect investors

I heard about the Cardano also. Most of the people are telling about this. I think this is the only project which is original. You can get the details from the link given below: https://www.cardano.org/en/home

The vital parts of projects that investors don't really pay attention to but which they should is the roadmap. Roadmaps of projects are vital and I like projects with an already working prototype and who's mainnet release will not be so far off because it is hard to track the progress of projects with too spacious Roadmaps this causes complacency and a lot of projects dump their project after a bad run in the market. And the tokens become obsolete.

The alts that have been abandoned by their own teams never really had the potential to grow to be honest. Those were just scamcoins and shitcoins that were used to steal people's money. However, there are still few good ICO alts avaialbe on the market that are doing good like: Tether, Zcash and EOS.

On the issue of scams everywhere, I think it's high time, something is done to this effect. Some many innocent souls have been duped of their hard earned money believing that with investment in crypto, they can secure their future, rather than spending their all now.

I can even say this scam projects everywhere is playing a great role negatively in the bearish market situation we are currently undergoing in the bounty world. Imagine someone duped of his/her money while trying to invest in crypto will definitely run from it and also tell bad of it to others. Hence, a resultant effect of our low transactions volume.

This happens often. Projects cease to be of interest to people. People have money, and money creates other interests. You can always organize a new project if it looks more profitable than the support of the old one.

there is iota of truth about this and we may witness more project being abandoned and many turning to scam however, I still believe some great project with solid background in term of experience in their proposed project will still triumph. It might seem difficult but many people are still investing in cryptocurrency and nobody know what the future hold for the technology. crypto is facing alot of challenges especially this year and it has affected all crypto related activities.

I believe all coins I follow is genuine. Very active and developments proves it. I use to have few coins which I traded before and now they gone. Sometimes it was made on purpose, so called pump and dumps. But some left because they lost faith at current market it's easy to lose :)

Ahaha, I really like your attitude, of the top 20 biggest projects in the crypto industry, you can only find a couple of projects that are not fraudulent.

No, it's not that, the Alt teams didn't really abandon their projects. It's just that the market condition is not really good apparently and is unstable which has caused harm to the coins a lot. And they are trying to recover it, certainly, it'd take some time.

A lot of project are backing down because of the market, no investors coming in and btc going down will pull all altcoins with it. A lot of ICO also try to pursue their project and did not even reached their softcap so there will be no funds to continue developing the project.

Its been like this since before, you need to learn do research more on the project and teams before investing into ALT. You can never tell if they will continue to build their said project unless you know that the team are really into it and not fakes. Research is the key to everything especially in crypto world.

Of course it always happened because they just want to earn money and then abandon at some point exchange most also check the coin they list in order to prevent other investors getting scam because of dump and run projects

And it seems to me that now is just a great period to understand what the project is. Since really working projects continue to work, and every skam stopped.

Interesting, why you mentioned cardano specifically!

Anyway, there are many projects which are still in existence along with their team members around the project 24x7.

I agree that there are many projects which has turned out to be scammers but that doesnt mean that every project that comes out is scam one. Its not true. This shodulnt be mixed with each project because many projects does have team with great skills and ready to take it to the moon.

Yes, most projects just go with the tide. In my opinion, no matter what kind of development a startup wants to make, at least it needs to keep itself alive. Even if it fails, investors will not complain. But now the opposite is true.

Well majority of their project aren`t developed because they lack of funds and support from investors so they cant upgrade well, and one factor of this is their are lots of ICO right now so the investors well be divided unlike past years that there are only few projects commencing.

This is currently the albatross of the crypto space some of them are just after investors money then list on some exchange then tank the value of the token later

yes you are right but not all altcoin founders left their projects, there are still some other altcoins who are still managing their projects and want to make their projects very useful for the people.

I am sure you did not make a good research before investing and it occurred a scam. There many good projects with strong team

The fundamental parts of tasks that financial specialists don't generally focus on however which they ought to is the guide. Guides of activities are crucial and I like ventures with an effectively working model and who's mainnet discharge won't be so distant in light of the fact that it is difficult to track the advance of undertakings with excessively extensive Roadmaps this causes lack of concern and a considerable measure of tasks dump their task after an awful keep running in the market. What's more, the tokens end up old.

Yea too much scammer here but not mostly people liar. U must do some research before going to investing your money at cryptocurrency.

I hope it will not happen, because it will be a big loss to us bounty hunters who invested efforts and time. I really hope that the bounty manager will continue their project up to the end.

The indispensable parts of tasks that speculators don't generally focus on however which they ought to is the guide. Guides of activities are fundamental and I like undertakings with an officially working model and who's mainnet discharge won't be so distant on the grounds that it is difficult to track the advance of tasks with excessively open Roadmaps this causes smugness and a considerable measure of ventures dump their task after a terrible keep running in the market. What's more, the tokens wind up old.

Giving up our own project will not show you like professional in your deal and your respect will be decreasing only so I consider that it is better to recognise that your project is not strong enough than run away from the problem, I am really sure in this position.

That is nothing new and always happen to shit coins or shit ICO. When the price of their altcoin went down for over 70%, the ICO team seems to be loosing their interest with the project then will create or raise a new ICO with different identity. I will not be surprise that most ICO nowadays only meets the soft cap but not their hard cap. There are still legit ICO and real projects so we better double the team members background to avoid getting scam with those type of ICO or alt teams.

It seems that out of every ten projects that is initiated, it is  only one that survives, a lot are outright scams. Really there need to be some way of regulation about this for credibility sake

Projects have to be reliable and clear as for investors as for other participants of the crypto currency market. I don't like small projects, I take place in the great ones only because only they make me sure in the future profit and stable income that I want to get in the result.

I still remember coin CENTRA (CTR).
Centra is discarded by the developer in order to take the Bitcoin holders.

very foul tactics and I don't like things like that.

Best is to motivate yourself that it is best to do your own research first before making an investment. Many ico as of now or even coins that are considered to be a scam or a dead coin. If you are in these token, then you are having a big loss. So make a research further before making a call.

This is true, they did not have any intention of working on the projects in the first place though, they just wanted to make money and once they got the money that they are looking for then they sell their coins that they are holding and leave the investors to their fate while they abandon the coins. Even more projects will go down this path too.

Most of them are the ones that are out to scam people. Their intention/idea from the beginning is to get peoples' money and vanish. No clear project.

You can say that again mate. The legit projects out there are quite few. It's quite unfortunate that these scammers take investors money under the guise of ICOs, some of these scammers will still go ahead to list on exchanges and then dump the rest on investors. It's quite unfortunate. A lot of these devs keep churning out new projects at interval to scam investors again and again. Stop dashing these fools money. I have stopped investing in ICOs for now. Cheers mate

After ICO boom last year it was expected to have a lot of Scam tries. But I think people are smarter now.

As what I have observed  it is really true that the team behind a project in alt is abandoning maybe because of some circumstances.

Indeed this is what makes many people become disappointed at what happened to crypto. but certainly not a problem concerning only the project in question. When not doing enough good analysis in the project then it will continue to meet with nasty things like this and of course, it's not good for the experienced.

Many ICO scams and makes everyone afraid to invest in ICO coins. You must be careful in determining the ICO project and must conduct research. If you get a canceled ICO project, you don't give up because there are still many good opportunities to get the real ICO project.

  It's not so easy to run an altcoin project especially when the bearish market come along which can leave your project at a dilapidated conditions and most times unrecoverable this can make teams to abandon there project

It seems you talking out of anger? If you've invested in a project that turn scam this is normal my friend ,no pain no gain and saying cardano is the only genuine I'm not saying its not but don't put your eggs in one basket,its unwise so do your research very well

What makes you think that another project is just a fake project, do you have some kind of prove about it, or you just tried to attract people to purchase Cardano so you have the chance of taking profit?

Yes, very few of this crypto project are really genuine projects, most team out there are for real scam, after collecting money from investors, they disappear and never held anything about the project.

Yes, many ICO projects have scam behavior, and only a small number of projects are actually doing things.

Since the market of bitcoin was started to dropped many ICO's projects were get affeted. They were stock that never been put on any exchanges it seems they going to scam us, especially for those who invest big on it.

Many fail because of lack of experience or poor preparation but some do not even plan to develop the project and just want to take our money. Anyway I know many projects that trying hard to develop.

I remembered when I joined crypto train back in 2017 most of the coins I invested in are dead or abandoned already ,I learned and I got better in choosing any project wisely

There are a lot of such projects and I don’t understand what surprises you, just the organizers of such projects collect money and disappear!

This is unfortunately a true fact. I have conducted numerous bounties over the course of 2017 and 2018. In 2018 most of them have scammed and have not paid me out. Also the rest that did pay out, their tokens are worthless because they never were put on an exchange after launch so they still also technically scammed. I think like only 10% of the projects paid me out and most of those tokens were barely worth anything. Only one project paid me like 400 USD worth of tokens in the whole of 2018. I can say that in 2018 I could barley pay my internet cost from the jobs I was doing in that year. I do hope now in 2019 that I will get paid for my work and actually make some sort of living, although am also looking for a full time job right now until the market turns for the better and there are less ICO scams around.

Some scam project after they get a millions on their Pre Sale they will disappear  :D I have encounter that too in my bounties

It is really awful to see that a lot of money being lost through ico scams.
I would also be cheated on and was not paid for a bounty.
Therefore, i trust only an ico team, which can already show something.

Usually such projects are easy to find, they do not have a large capitalization and are outside the top-100 projects. If you run the risk of investing in little-known coins, then you must either be very well versed in the project and have insider information, or you are taking an unjustified risk.

Before investing in a project, you should take it seriously. Analysis of the idea of the project, the possibility of its implementation, the professionalism of the team, partners, maintenance of social networks and the interest of the community, will give you the necessary information on the basis of which you will make the right decision.

Most likely, they are not abandoning their projects, but initially planned to reach some stage in order to raise as many funds as possible and shut down the shop!

Some of them not left alts, but they have like 1 marketing manager answering messages in telegram and posting updates, but truth is that team has gone with money or just sitting patiently waiting for bull run!

We can count the ratio at 3 out of ten, there is still a good project, but it's hard to decipher some projects looks good on paper only to find that they cannot live up to the expectation of the investors and followers their lifespan is only 3 to 5 months.

I think it is not necessary to react emotionally to failures or deception on the part of projects. Everyone who begins to get involved in cryptocurrency and looking for ways to earn understands that this is a huge risk and in order not to fail, you need to risk only the amount that you do not mind losing. But in order to minimize the number of such projects, it is necessary to analyze them carefully.

There are alot of scams and that is the worst thing that has happened with cryptocurrencies. The scams are very easy and just need a little work and then they runaway with your money.

Helpful for people who's still positive that some ico's that will bring out can have a good future ahead, unlike those who are already exist but no
updates or progress that happen, some developers who abandoned their projects are just around and tying up with other people who also start
another project without real plans, those professionals can deceive investors who are not good in investigating project first.

Yes, indeed, many projects during the ICO declare that the fees were good, but then the project remains unchanged for a long time. After receiving our money, the developers forget about their promises and use them for their own purposes. We should try to recognize such scams in advance and warn each other.

It's because they are lacks of supporters or investors so they decide to leave without mark. But in some cases, they abandon the project because they are really wanted to scam you guys.

The current condition is very bad. Number of scam projects is so high only few projects is genuine. The reason the project got leave by team is they actually scammer. So its important to make a little reserach before you join a project.

Well not all ICOs, there are lot project that still working too, many project still do their job, but if the project is about tokenization property maybe it's take a lot of time because it's needed regulatory approval, maybe lot of project seems dead but they are doing development and not doing marketing because no benefit to promoting uncompleted product, and also if you do advertising it's not cheap at all better to allocate that money to development...

Majority of those that have abandoned their projects are part of the problems crypto market is having today. Why won't they abandon it, since they don't have a good plan at the beginning of the project, they are scammers, fraudsters with the ultimate aim of gathering some money then you see them vanish.  Why won't they abandon a project without a cogent problem aiming at solving? They are part of the fears and loss of trusts that many investors are nursing today about crypto.  When the regulation of ICOs take full effect, it will mitigate the activities of these fraudulent teams.

This is the reason that we should research first before doing a long term investment or investing in ICO which the risk is much higher compare to investing on top 10 coins that we have in the coinmarketcap. It's unpredictable and volatile market that needs our knowledge and strategy to get profitable in our investments. Don't just believe on those hype and fake speculation from that team and its advantage to invest on those projects that has already real product.

It is good you still have a coin you can fall back on. This is unlike a case where someone is holding shitcoins almost all through. Most of those coins are just difficult to hold. If you are not careful you might see yourself losing.
There are still some projects that can be trusted and that are likely to have a lasting effect in the crypto space. I came across Hara and i knew we still have hope.

We can see some teams may abandon their projects because they already know how the prospects of the project. they probably prefer to rebuild the new project with different concept and more interesting ideas for promoting and gaining the investors in order to get better projects. Well, who know about what actually their alt teams do.

Do you know good teams who continue developing project? Recently I 've checked telegram of Decentraland and you know, they don't make commitmnets for a long time! It seems that even such potential project stopped development!

This is a very hilarious thread, how can you say that ADA is the only genuine coin with a genuine team? You didn't even talk of Ethereum or EOS that has had numerous d'Apps built on their blockchain, anyways everybody to his own opinion.

Unfortunately it is true, there are some ICOs that have collected huge money, like 20-60 million USD in their token sales, but they are doing absolutely nothing with their development and some of them are even not listed on exchanges.

Financial strategy of a project during a bear market will be a great indicator to choose this project for investments when bulls come. Here is the best qoute of Warren Buffet about it: "You only find out who is swimming naked when the tide goes out". The bear cycle is a great time to check projects real incentives.

Well am OK with this as long as they didn't raise money.
I strongly think there should be a way of exposing and punishing scammer with breaking the ideals of cryptocurrency. They are ruining it for all. They do not mean well.

They escape and prefer to do some other business here on the cryptocurrency space. Well, I guess they are some sort of a scammers in escaping to pay their bounty hunters for their work.

You have allocated only cardano, and the same ripple or stellar. So far, only the ether and many pumps have done this, there is no support or development, and sometimes forks appear. This is of course sad and can lead to even more frequent corrections.

ICOs don't like downtrends because of spending during development process. Sometimes they collect good amounts but conditions don't let them to do their job as required. Huge amounts are result of hard work,promotions,people who made tasks for this purpose and more.

There's many reasons why a founder/developer team abandoning their projects,
-Failed ICO
-Long time bear market (since more than half of a year)
-Can't promise anything they wrote in their roadmap/whitepaper because of lack or team or knowledge
-Exit scamming
-Fudding (this might a little reasons but it's effective on non-determined founder or team)


Correct me if i'm wrong if I'm missing something.

although there are a lot of atlcoin projects that leave their projects but there are still quite a number of altcoins that can now be successful and the altcoins are the biggest exchange platform because the trading volume is very large, for example binance coins are very serious about developing projects.

Thats true. They make quick money and then ran away with it. They don't have any concerns of what happens to the investors, all they wanted is to get rick quickly and they achieved the target. and thats all.

I guess you are right. Most of the altcoins/tokens have not done so well over the months. While the bear market be one reason for them not to grow but there are many projects whose teams have just gone silent.
No active developments, no active communication with the community etc.. All of this gives us a hint that the ICOs/projects we invested in are leaning towards growing indolent.

It is a known fact that most of the projects are not just abandoned, but scam. The team of those projects were only looking for means to enrich themselves. There are still many of them being lunched till now.
It is left for every investor who intends investing in them to ensure that they do proper and adequate research first.
We need quality projects that will last long in this space.

I do not even know what to say about the duration of a quality project. If today we look at the Bounty campaigns, who practically the majority of projects spend their bounty companies for about 25 weeks, or maybe more.

rather than making innovations at this time a new project is like just wanting to make money from investors. many projects were released but abandoned and even scam from the start. it's better to focus on old coins, than to think of a new project that is all shit.

The author of the topic is a fierce supporter of the cardano project. He believes that only this one project can be called real. However, apart from this project, there are a huge number of other equally successful and reputable projects that are also quite good. Recently, by the way, I read rather unflattering reviews about the organizer of the Cardano project.

It's no secret that there are a lot of scammers on the cryptocurrency market and they all want to get money by deception, but you should not exaggerate and say that only a cardano is a genuine project among all existing ones, because there are other projects that in spite of the negative market situation, continue to develop and improve technologies.

Well, what do you want? You see what the market is now. Downtrend almost a year. Projects need funds for development, and in such a market they only have losses. So it remains only to drop everything and leave. Sad, of course, but it is a fact.

But, it is definitely not fair to play with others money. They must have planned for everything including how to stand against unexpected market fluctuations. Neither bitcoin nor ethereum had reached the zero value, they are valuing something till today. If they have planned all the things properly then they would have been able to lead their projects based on the market market value of bitcoins or ethereum.

They just want some reason to run away from their commitments and with our money. Unfortunately, I do see many people are easily accepting this types of scam like it is a fact of down market. But, it should not be in actual. A project must run even in hard time to achieve its goal.

Yeah, I think it all due to the current market condition. It's not favorable for most project so most new project are halting and rescheduling their activities everyday. 

The bearish nature of the market has been hard on almost everyone involved in the industry. This has meant that several projects have had to shut down or been shifted to accommodate for when normalcy returns. Only the relatively stable projects that were already solid before the downward trend started have kept afloat. Others who couldn't raise reasonable funds from token sales and funding have had to fold up. This is understandable in most cases, hopefully things get back up to speed soonest.

The market condition really affects everyone so maybe some team members has left the project because they don't have enough funds to sustain development for the project and they want to bankrupt their self.

These market conditions are negatively affecting many projects and some appear to be abandoned. But I am convinced that the projects that will survive this bearish market, will be able to give a lot of satisfaction in terms of investment.

This in itself is a different type of scam because some scammers have short term goals soon they run away with the money as soon as possible which calls a lot of attention, but some scammers are more strategic.
 they hype project for a while and when the projects tokens keep doing bad on exchanges then they dump all  development and just keep giving investors and the community fake news until no no nobody pays attention to them anymore.

Exactly! But do you know about reasons of that? From my point of view it is greedy. To run a good service you don't need a lot of money, really!
Just make MVP and spread about your product!

Not only Cardano, there are many good projects whose teams continue development even now, when the market is totally abandoned. But, yeah, most of the projects, especially the small ones, couldn't withstand this dump and simply died.

The smart thing to is check out the social media presence and the github activity.

But ONLY rate the social media content that has a direct input to the viewer from the developing team.

Less importantly, but still a factor, (remember Bitconnect?) - check to see of it has a big or growing community. Tron has this, but might have Frankenstein coding.

So, on this basis, you have to rate Cardano very highly.

Neo apparently very active on github, etc... (I'm not intersted in Neo, but you have to respect proof of technical development)

Code reviews? Well, Grin got a great code review recently, so I'm looking into it.

Good luck to you all :)

I agree that most of the ICO is a scam, but why are you so sure only in Cardano?There is also NEO, ethereum and other projects that have already shown themselves somehow.

Not only Cardano , but basically you are right : most ICO's are scam . I'd say that nowadays 90% of projects are scammers or just have weak project and business plan , and thus will fail in nearest future . This will cause their investors to lose all the money invested in such a project . Now, investing in new projects should be approached very carefully, looking for teams with an impeccable reputation that you can fully trust.

Which plannet have you been in? Some can't just stop amazing me here...you mean even BNB has abandoned it's project? Man, you have along way to go and you really have alot to read

New users of cryptocurrency apparently or can not read, or wishful thinking. Of course there is a sense in the title of the topic, when teams do not support their altcoin today. But this does not apply to those projects that have good prospects and shows good results, even with the current state of the cryptocurrency market.

I think you just made some bad investments if you say it turned out they are scammers and run with your funds so always be one step ahead of the ICO's and think what can go wrong with that certain project and if the risk are too high for you to embrace it...

because many projects that raised money for ico today cannot continue financing after a strong market decline

most importantly choosing the best project is always be the first decision while choosing a project if the starting was not good day ending was also be like that that's why many people leave the projects in the middle stage because the project is not a valuable then only people don't want to do get out from scam projects are useless projects.

This is the more reasons why the ICO market should be regulated I mean most of the team are looking for money to built a business with the Money they realized during ICO, but if you looking for any project to invest in always look out for the ones that already have a working business on ground in that way you get value for your money on time.

There are a lot of good projects. All of them can make a profit for their investors.
Finding a good project from dozens of scam projects is really very hard. This skill comes with experience, for this you need a lot of patience and the ability to learn a large amount of information.

This is really the sad fact that some developers, team members and the others have abandoned their project after the tirelessly spending the effort to promote the project and making the community aware of the project, but we cannot blamed them.for their reason, the only thing we can do as a user or a bounty hunter is that we must be aware of the risk that we will be involved in the future, we must be open minded of the possible future happening.

Most have abandoned their projects and many will still do because they are not here to develop a project, rather they want to make themselves rich and run.

regulation cant solve the problem of frauds . cant you  see that many projects are centralized and are already regulated but why does most of them still failed ?  most of them are still scam  .  ico's are just too many enough , thats why picking the worth ones are tough .  


this wont guarantee that thier project can stay . some already legit ico's didnt either succeed because they abandoned it in the middle of thier run  .

In the crypto story there are more abandoned projects than existing, it is not news. It was necessary to be careful yesterday and it will be necessary to be tomorrow. Scams and scammers will always be there. Choosing carefully is the best thing.

In General, this is of course true,but I do not think that investors are stupid enough to invest their money in a project that has 2 tweets in the account.No matter how bad the situation with the ICO is,all the same attractive projects find their investors.Don't get too discouraged.

ICO's are now destroying crypto image, they are to selfish to know that they only give concerned with their goal but not for the benefits of the people.
Yes, there is some potential project around but some of them just failed due to the irregularity of the market price. And now, the big challenge came out and finding ways how to sustain the market situation.

I also thought about it not so long ago, but I still hope that the projects only froze, they were not abandoned as a whole, because this simply does not make sense. If people conscientiously did their job.

that has become the purpose of the ICO today, the team creating idea that seems they will help the industry but in the end after the sales they are all unreachable. And also that makes investors avoid to invest to ICO and in effect even the market of bitcoin affected.

Many previous projects cannot make developments after the sale is complete. Indeed, the idea of this project was very good, but the fact was that there were still many projects that could not develop the project and in the end they were fine after the altco prices fell.

I'm not sure about the validity of this statement, as far as I know. If any altcoin team has abandoned their project it's because they never had the intention of seeing it through from the start or are just out of ideas on how to sustain the project.

It is said but I do not see any big movements in several projects as well. We need to find a way of how the team would be responsible in front of their investors for the fulfilment of their Roadmap in time and not whenever they want.

Cardano has some problems with cardano foundation as well, so nobody is saint here. I'm in USD for almost a year already, waiting for a real bounce to get in, so it's even good for me. The lower price the better. The way how project go through the bear market is the vital for long term survival, so time will tell who swam naked ;)

It should be, developers responsibilities is needed to be provided, many incidents that happen around crypto nowadays as the extended downfall
still hurting the value of crypto, developers need to find a good way to treat their investors right, they should comply with the roadmap and continue
the planning as they generate the allocated funds that is needed.

Investment is all time risky. If you want to invest any project you should know details about this project. Lot of scam ICO are all around us.  They scam any time and you can lose your all money.

Lol, there are thousands of alt’s in the market this day and there are still lots of them being created daily.
Hence, what do you expect? You should know by now that lots of them are just scammers who are looking for those who will fall victim of their traps. Sometimes it’s best to stay with what’s popular than going for what’s new, cause the new ones will often disappoint you. Although I do know that there are still a lot of good alts out there, but the bad ones are making people believe that everything is BS.

When a team is collecting huge some of money, they are simply not ready for it and they do not know what to do. Maybe they thinking that they have made it to the top and stop developing their project and product. As a result a coin goes down and a project that has reached 80 million USD hard cap fails.

Sadly, but fact. Most of the teams have run out of money and even a big establish platform like steemit is laying 70% of its staff off. This could have been expected given the fact that most projects raised their capital in the bubble period of late 2017-2018 and their holdings got severely depreciated. 

It was in fact true I can say, they have made a successful profit despite of the market but in return, they will abandon us but in a very artistic way, you can assure that they've already done if their telegram chat name was change to a very beautiful single Character Letter. That's the reality of most projects in the market.

I actively and for a long time buy Cardano because I believe in their huge growth and further prospect. I think this is one of the most promising projects in the near future.

And what's more scaring is that it's only the beginning...I think that more than 90% of all the coins on the coinmarketcap won't survive this crypto winter and go into scam. However the ones that will remain will give their owners a lot of profit and will make them billionaires. The question is how to choose correctly the coins which are strong enough and will stay with us till the next bull run in 2019-2020...

some of teams during there ICOs just add up some people just to make up for a certain number to raise money. They dont have any proffesonal relationship until the ICO and they cant preserve it. For project that started during bull run, some have run out of fund because they kept fund raised in crypto while it dumps and cant pay the team any more. For who are far behind in roadmap, they have abandoned the projects. The admin of such projects are no more active on telegram and other social groups.

This has happened mostly to projects that came around in 2017. A lookout on
 them were just for the sake of profits, after making their profits, they will not bother to spend on the intended project. Only for you to see that there is no more activity on their social media again.
I have seen some of these projects got deleted on exchanges many times.

That is mostly due to the prevailing bear market trend. The bear trend does not suit new projects especially those that really have no great purpose apart from copying others and devs who want to make some quick profit so they get discouraged and leave. That is why everyone needs to be careful

This is the reason why most altcoins are considered dead or shitcoins in the first place because of the developers who's sucks at maintaining or continuing their projects. Most of them just gone after collecting funds from the investors and enjoying the money that they scammed from those investors. If they think they escaped and hide already after abandoning while stealing people's money, then they don't know what problem they were dealing with because there is no such thing as hidden permanently.

New and old project are slowly dying in the bear market, maybe it's a good thing because we gonna get rid of many scam projects that are only made for profit not for bringing something new and exciting in the cryptocurrency world.I hope that we will see a positive change in the market in the near future.

It is true that several altcoins have completely abandoned their projects without further development. But Cardano is not the only one genuine. Your claim is not correct when you still have hundreds of good projects still out their including the 2nd in command which is Ethereum.

Now , there are so many projects which just copy source code and development roadmap of other foundation coins and just focus on marketing to earn immediate profit

I've been into projects like that and it sucks. Especially for the bounty hunter that didn't get money for their hard work and cooperation with those teams. Even though the project is not successful at first, they must show that they're committed on what they're doing. If it didn't work at first, they must work hard to make it work. Because in the end, they are going to earn more than those money that are earned in the funding. And also, this is a lesson to us bounty hunters. We should look for bounties that we think will gather a lot of people and ignore the useless once.

There are many altcoins that have been abandoned already and I don't blame the developers ,crypto space has turn to quick money making scheme through creating coins and later dump them,these people keep creating and dumping,the investors are the ones to be blamed for not doing there research on theses coins

Canceling a project will certainly have a negative impact on all those who have participated. There were several factors that canceled the project due to difficulties in finding investors. And there are developers who don't intend to develop projects or projects that are fraudulent. Of course, we must be careful in determining the project.

There are already, it's just that you need to dig bit deeper to find them. I was looking for legit bounty to do and found 1 in like 20 pages of bitcointalk lol

There are a plenty of them still but what you will have to worry is whether they can collect the funds needed for their team to go on. Otherwise they will just postponed the ICO and you as a bounty hunter will just have to wait. There is no assurance when they'd be back to continue the ICO which it could mean months to years. Or they can simply just abandon the project and will one day create another team to do an ICO with a new project name with same concept.

In any market, most of the startups usually fail and crypto market is not going to be an exception to that rule. Over next few years, only the best, solid projects will survive while most others will fail and fade away. 

Most of such projects not even going to develope their product, just collect money on the crypto hype. Need to make more deep and serious research before investment.

just leave if we found projects like this.most of postponed projects will die by the time.except their prepared long long time ago before launching their ico.no one could give us guarantee they will back to build and continue the projects.moreover its beiing human nature ,if they hold money they will forget anything.

That's why scam and fraud projects are incraesing in these days. However, as for the investors they should do more research before joining in a project and study if that project has the potential or going to be successful in order that they cannot encounter this kind of scam.

I think this is part of what is drawing back crypto into the mud. Lot's of project have been abandoned and lot's goals. Series of fake and inexperienced team coming to say they're teaming up for a project. And that's why we see many exchanger delisting lot's of coin mostly everytime when they doesn't have a trade volume any longer.

The time has come when it is not enough just to beautifully describe the project with fashionable words and create a page on social networks.
We all observe a downward trend in ICO. Finally, the market is being cleared of unstable business offers, and investors are becoming increasingly demanding.