Unfinished Projects

[DDante]

Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

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[JCviggen]

the same way you need to think before you invest in any projects that have a finished product. this of course increases your chances of success but still does not give any guarantee. you need to think before any investment.

[kaya11]

There are also projects that were worth the wait, they have been active the whole time since 2018 and giving updates to it's investors and supporters. Recently there was a project that was brought up way back 2018 and was just listed a while ago for it's liquidation. This kind of projects are awesome and the people was right on to go aboard with them. But if we compare there are more projects who's developers ran and never came back, it will be obvious to know hen their telegram group is closed or no admins answering and worst is the site is unreachable anymore.

[batang_bitcoin]

Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away

That's why they are selling the project to investors so that they will be able to finish it. But many investors don't care about these projects anymore base on the feedback that we have from the last 2 years. The ICO market is no longer viable and good because of the existence of the scams during those days and even today, a lot of them exist.

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

Most projects do propose their beginning and it's hard to determine that they will not be finished if the proposal is showing the start of the project.

[Kemarit]

Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away

I think that approach is an offshoot of the 2017 boom, projects just presented half baked plans to investors and they easily fall for the trick, but in the end we all know how everything ended specially early 2018. Many projects didn't succeed because of this strategy and the market started it's downturn.

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

Yes, I think investors have matured already, there could be new set of investors that are going to be trap, so we need to keep them updated by giving them reminders just like what you did here.

[20kevin20]

There are also projects that were worth the wait, they have been active the whole time since 2018 and giving updates to it's investors and supporters. Recently there was a project that was brought up way back 2018 and was just listed a while ago for it's liquidation. This kind of projects are awesome and the people was right on to go aboard with them. But if we compare there are more projects who's developers ran and never came back, it will be obvious to know hen their telegram group is closed or no admins answering and worst is the site is unreachable anymore.

The "worth the wait" excuse is now used maliciously more often than not by the so-called "developers". If a project's idea is good enough, they can ask the community for help with the development. You can't just blindly enter a project with your funds hoping it's gonna be worth the wait because you'll only end up supporting 8 scams and 2 legit projects.

I'd rather take my time and study a project in depth than hurry and invest my money in it, even if that means I'll miss the ICO. ICOs are crap anyways - I'll always be against them.

[Ryushin]

Unrealistic promises are very common in crypto space today, some are good at giving or crafting attractive roadmap that they will never reach just to lure new investors

[zhagedus]

Although my surprise still borders on those investors who don't research into projects themselves before they invest into some projects. Many projects out there are created to scam good investor's who can't read in between project White papers and reality. Falling into one of these scams project tell much on such victims. Am a type who don't invest on any how projects because I wanted to invest. Let's put up research mood before we invest.

[Rengga Jati]

Investors already experienced this many times, especially in 2018. And this makes investors aren't interested to join in ICO/IEO anymore. Most of the teams of new projects only focused on fundraising and don't really care about the quality of their projects. In the end, the projects failed to reach soft-cap or the teams disappeared because only want people's money.   

[CaVO32]

Although my surprise still borders on those investors who don't research into projects themselves before they invest into some projects. Many projects out there are created to scam good investor's who can't read in between project White papers and reality. Falling into one of these scams project tell much on such victims. Am a type who don't invest on any how projects because I wanted to invest. Let's put up research mood before we invest.

actually, there are seemingly great projects out there that you can't distinguish the fact that they are just here as a fraud and money grab scheme. scammers are getting good in screwing crypto users. Even some projects with faces, they still managed to duped users. because running after them is deemed to be futile as sometimes they are registered to the country that has very loose regulations when it comes to crypto. So one thing you can do, is just accept the fact that you lost and never invest again on these crypto projects.

[leowonderful]

I absolutely agree with this post. Though a number of projects actually end up delivering on their promises despite raising funds even when their development isn't completely done or not even begun at all yet, the risks generally tend to be too high especially with how many ICOs and IEOs and all have turned out recently. That's not to say you shouldn't invest in all incomplete projects, though, because the difficulty or significance of a project's future planned milestones should also be taken into account.

Developers and project managers definitely should stop with these sorts of releases, but I doubt it'll truly happen as long as newer investors keep buying into these tricks. A lot of these projects are unfortunately still cash grabs and try to advertise themselves as not being that.

[spike420211]

And who will stop them?

The cryptocurrency sphere is unregulated, which allows everyone to do whatever they want without any fear of retaliation in the event of an unsuccessful or fraudulent outcome of events.

The only thing that can stop them is ourselves. Indeed, for any such kind of project, a community is needed.
If the community will ignore such projects. they simply will not appear.

[Bonwin]

Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

It would have been good if they could just yield to such advice, but since they have wrong motives, they will run after the evil they intend perpetrating and such incidences are very common. Well, it is good we still see some projects, who would want to ensure they have almost everything set before launching. Although, there might still be more to be done, but at least, they would give out what can be used and which will get positive feedbacks from the users.

[fortunecrypto]

Majority of the projects are like that they stopped and just tell their investors and supporters that they are working behind the scene until investors forgot their project and they disable all sort of communication and if you continue asking they are going to ban you right away , until they explain that the project cannot continue but they offer no refund, Weidex, Bitmillex Xera anf Adab are like these proejcts.

[ahyadinnn]

Investors already experienced this many times, especially in 2018. And this makes investors aren't interested to join in ICO/IEO anymore. Most of the teams of new projects only focused on fundraising and don't really care about the quality of their projects. In the end, the projects failed to reach soft-cap or the teams disappeared because only want people's money.   

until now there are also many projects like that, they have not developed the project and only raise funds, they should be prepared to fund also to develop the project not only rely on funds from investors

[Kotone]

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

Why only twice? I think more than twice should be the mandatory when planning to invest with cryptocurrency. Almost all of them are all prone to downfall or closed up. I think aside from bitcoin and main altcoin such as ethereum, ripple, litecoin others are still can be die if the market continue to fall.

[crwth]

You should be aware that it's always going to be that way.

• Introducing a new Project
• Providing a roadmap
• Goals
• Terms and Conditions
• Execution

No matter what the reason for the developers to make that, it's always going to be about collecting money. People should be used to it already and be vigilant when investing in projects like that.

[Tipstar]

Since 2018 I have seen many new projects that come into crypto space with half plan and got the rest on roadmap, developers should stop this bad habit of introducing projects that aren't finished yet because many of them only get abandoned in the end, some have bad intent of grabbing money from ICO or fundraising and run away

To all investors out there think twice before you invest your money on projects that have promising future but haven't reached half way of production already, they are mostly red flags

With the ICO hype, everyone wanted to tap the opportunity to get some cash for their ideas. Though most of them might be actually serious about their project, most failed due to lack of research from the team and lack of experience. Many teams just got fund for their dreams but they had no capabilities or knowledge enough to make it real. For a project to succeed, it also needs to have a market when its product/service finishes. But most of the project never focused on that.

[kaneki007]

I think why they do fundraising when their project is halfway is because they need funds to carry out their plans. But not all projects can run everything quickly they need a process that is not short to achieve their goals and therefore every whitepaper or document they will surely warn investors if this investment has a lot of risk.

[inanilujimi]

I agree with you, if the projects that have been there but failed in the initial fundraising do not force your fortune again, because whatever they do in my opinion will not succeed unless directly cooperating with famous big companies.
so the right choice to avoid the project.