PMI definition of project: Reason why they fail?

[yomarve]

PMI defines a project as.. "It's a temporary endeavor undertaken to create a unique product, service or result."

With this definition, I think it's safe to agree with experts who say many altcoins would die off in some few years.

Since it's temporary, and established businesses are coming into crypto to issue tokens,  why then do they call it project or is that a concrete name/word in crypto now as the misspelt Hodl (hold)  n rekt (wreck)

[tokendraft]

I think you have to look at the team to figure out if it's a temporary hobby or a job.  One example I'll use is Bloom.  It's comprised of many people from Stanford and Y Combinator.  You can look at their linkedin profiles to see a common pattern of execution.  As they say, DYOR.  Most of these alt coins may fail.  We know this, it's not news, and that fact should encourage people to exercise caution.