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Author Topic: Why do some people stop their crypto project?  (Read 22934 times)
nikola22
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November 15, 2020, 01:42:39 PM
 #241

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

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November 15, 2020, 02:10:18 PM
 #242

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

Of course, it is very bad when a project stops or changes its plans, which ultimately leads to closure. Unfortunately, there are a lot of such crypto projects and probably each of them has its own stories. But for some reason I am sure that most of such projects just wanted to get quick money, but in the end they could not achieve this, or they just got a little more money and closed. In general, now there are very few really good crypto projects, so you need to carefully approach the choice.
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November 15, 2020, 02:33:13 PM
 #243

Because some people stop their business. A lot of dead ideas in the industry, a lot of dead teams, a lot of problems. Some people just gone away. Sometimes its the best solution

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November 15, 2020, 02:54:36 PM
 #244

Many reasons when developers leave their projects unfinished. Business in any field is essentially for profit-seeking. If developers and teams are already making a profit then it's done. They left with people's money. However, this will apply to fake projects.
But if the project left it's work unfinished, because the project was completely hopeless, because it did not get enough funding to develop the project.
They usually return incoming funds to investors. Developers and teams may be less patient and ultimately frustrated. It could be.
In creating an ICO project it takes preparation and mental strength. This applies to all jobs, no exception.

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Kahoy01
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November 15, 2020, 02:59:56 PM
 #245

There are 3 reasons that suddenly pop up in my mind. The 1st one which is bankruptcy or financial problem wherein a certain project cannot spend more money in order to cover their expenses. The 2nd one is lack of funding wherein only few investors who are interested putting money in their project and the 3rd one for me is lack of courage wherein they lose hope and it leads to them to abandon what they started.

ARTCOINSLV
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November 15, 2020, 06:36:11 PM
 #246

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

There can be many reasons:
1.lack of funding
2.hacker attack
3.crazy project idea
4.problems with the law
5.fraud.
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November 15, 2020, 07:18:17 PM
 #247

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

because they don't have enough funds to continue their project or maybe there is no interest to their project from investors and they decided to stop their project buddy

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November 15, 2020, 09:16:13 PM
 #248

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

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

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

Remember that all investments need a carefully study  Cool
You have to be honest, those projects who really started working in 2018 they did at least something, but 90-95 percent just raised money and did nothing! Therefore, I must agree with you that security in cryptocurrency is very important!
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November 15, 2020, 09:41:43 PM
 #249

those who have a large budget but leave the project of course it's a scam, because if they really intend to work, of course all the funds will be used as well as possible for development

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November 15, 2020, 09:57:28 PM
 #250

You have to be honest, those projects who really started working in 2018 they did at least something, but 90-95 percent just raised money and did nothing! Therefore, I must agree with you that security in cryptocurrency is very important!
Majority of the projects were not transparent and if you have a market situation where you can raise money and there is no authority to check what is going on behind closed doors, these things will happen and so is the reason i would like to see strict regulation on these so that we will not see scammers taking advantage of the free market.
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November 15, 2020, 10:50:51 PM
 #251

Some are because if lack of funds whole some resulted through disagreement between team. Some also with intentions of scamming so once they scam they will abandon the project entirely.sny things can trigger that. And also to some once they create another project they will abandon the initial one.
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November 15, 2020, 10:55:51 PM
 #252

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget and planned you see that some of them still left the project unfinished some even do stop the crypto project without any pre_information about the sudden change of plans concerning the particular project so what do you think about the crypto project that have been suspended half way , what do you think that should be done for this kind of the attitude of crypto developer's concerning crypto project abandoned project.

If there are other projects stop suddenly without any reason, most of the owner or developer are scammer, or it could be that they knew they never hit the soft cap target in which its the reason for them not to continue it. But really mostly, they're after only for the collecting fund they've get then run away at once and abandoned it without any information to the community who believe in them something like that.
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November 15, 2020, 10:58:39 PM
 #253

those who have a large budget but leave the project of course it's a scam, because if they really intend to work, of course all the funds will be used as well as possible for development
crowdfunding be their goal to scam us ,they actually have no knowledge about blockchain developtment or thing rellated. with large fund they have big resources to hire high qualification blockchain developtment , it should included in their operational cost. but fake project will not do this ,with limited team continue to work useless product , list in shit market and finally leave it.

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November 15, 2020, 11:31:36 PM
 #254

Lately, many projects have been abandoned and there are no progress at all. I think there needs to be an acquisition of the project by someone who understands development and promotion of the project in order to stay alive

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November 15, 2020, 11:44:33 PM
 #255

This is due to the absent of sponsor, partnership and investors. When the team is building something fantastic but their is no fund to carry out basic activities, this will automatically calls for a pause of be abandoned.
If you are talking about projects in the cryptocurrency token market then what about the money they are raising for the project in the form of investment and so is the reason they are providing these empty tokens in a promise that it could fetch you are profit once the project is successful and even then if you are not having the money to do these basic activities it is better to do something else Tongue.

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November 15, 2020, 11:48:53 PM
 #256

What kind of Crypto project you are talking about? At this moment, most of project belongs to defi, which has great hyip in market.most of those project launching from uniswap exchange, raising fund from token sell and successfully available in market! Although they scam later but Because of defi hyip, others project can't do well for their token sale, maybe thats why they have to stop their work

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November 16, 2020, 10:42:44 PM
 #257

Its really strange that most of projects got abandon recently. There are two possible reason behind stop their crypto project suddenly.maybe because they fail to raise enough fund from their tokensale & unable to fill the goal for soft cap. Or maybe because they just want to scam people.so they thought, they collect enough fund and no need to continue their fake drama. So they stop their project by showing lame excuse

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November 16, 2020, 10:57:41 PM
 #258

Because their intention for developing new projects is not strong, so if they already get people money, they will stop it. This is the fact of many new projects, that's why it is so risky to invest in a new project because we don't know the real intention of the team.

What kind of Crypto project you are talking about? At this moment, most of project belongs to defi, which has great hyip in market.most of those project launching from uniswap exchange, raising fund from token sell and successfully available in market! Although they scam later but Because of defi hyip, others project can't do well for their token sale, maybe thats why they have to stop their work
The Op questions are not specific, it doesn't matter Defi or non-Defi

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November 17, 2020, 04:07:29 AM
 #259

It is about lack of investors; A certain organization or company will not stop their project if there too many investors. For me it is all about financial shits why there are projects that stopped even though they are now 50% in their roadmap. The competition is too stiff because a lot of investors are now seeing the potential of the cryptocurrencies and for me it is the reason why only few projects that are becoming successful. I do not make investment in nowadays project because of the risks but I tried to make investment before in 2017 where a lot of ICOs became successful but there are some who are failing and those projects are failing because lack of funding wherein they cannot reach the soft cap. The crazy Defi is currently trending and for sure that not all of it are becoming successful where there are also some who are having trouble when it comes to finance because of lack of investors.
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November 17, 2020, 02:53:01 PM
 #260

The motive behind every business is profit. Why of the reason businesses are stopped/suspended/liquidated are always balls down to down to profit. No business man/woman wants to lose  money. Another is misunderstanding between the team.
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