Why do some people stop their crypto project?

[Lorokan]

I think people stop their projects midway due to different reasons depending on the present circumstances. Some projects exitscams, some projects do not raise enough funds during Crowdfunding to develop the projects

It is up to investors to do their due diligence and invest right

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[kevinzxz]

maybe the person doesn't finish the project (stop their crypto project), because they give up or believe that their project will fail and no investor wants to invest in the project, so instead of spending more money on completing the project it would be better for him to stop the project, but I think this will disadvantages people who have invested in the project from the start (although sometimes there are some project that return investors' funds if their project fails).

[codpku]

I think the main cause why they stop crypto project, first its all about money developers doesn't have enough funds to develop the project more and they can't really put some serious efforts or the person who's paying the devs isn't affording the funds to build the whole project which mainly will cause the stop of the crypto project. And second was the bad team or choose the person to wrong capability that can lead to failure of cryptocurrency projects

[calandra78]

when the developer is still returning the funds that have been raised from investors or making returns on all those who have tokens or coins that are already on the market I think it's still good. But if like you said someone ran and stopped the project without any notification and the development was gone, that's already a scam. they must be punished for everything they do.

[$anounimus$]

Failure and success behind of project  in my opinion is more to their real financial readiness even though they have previously sat down and discussed their plans carefully. If it is really ready, I am sure that it will slowly and surely develop especially supported by a team that has high talent in the concept, product, and capacity of the development of the project.

Everything has a process and it doesn't just happen.

[AmoreJaz]

Failure and success behind of project  in my opinion is more to their real financial readiness even though they have previously sat down and discussed their plans carefully. If it is really ready, I am sure that it will slowly and surely develop especially supported by a team that has high talent in the concept, product, and capacity of the development of the project.

Everything has a process and it doesn't just happen.

and most of them have no long term plans. after they got what they want - of course we're talking bout the money from gullible investors, they slowly disappear. if you ask yourself, how many projects have real use case and known to have application in the market? i guess you can only count on your fingers. but we have thousands of alts out there!
  and we can only count those projects that have actual app..definitely, something is wrong in this picture!

[Chukwunonso]

The major reason why people relinquish their involvement in a project is financial constraints. The team may have the desire to complete the project, but when they are financially handicapped, they'll need to suspend the process until the needed finance is raised to continue.

[iged_war]

when the developer is still returning the funds that have been raised from investors or making returns on all those who have tokens or coins that are already on the market I think it's still good. But if like you said someone ran and stopped the project without any notification and the development was gone, that's already a scam. they must be punished for everything they do.

its rare to see developers refund investor's money, most of them prefer to hold fund and maybe try another way to make project could live although fail probability very high. money will be biggest temptation for every person, moreover if we hold millions dollar in our wallet.

[pandanaran]

In my opinion, if a project stops in the middle of the road or does not reach the minimum stage or is often called Softcap, it is because the funds are insufficient to carry out project development. and usually serious developers will continue to update their project, looking for other solutions to raise investor funds. but I rarely see this kind of developer. most of them do not continue their project development again & prefer to launch new projects.

[wanted sliter]

Currently, there are too many projects and most of them are competing, overlapping ideas. DEFI, for example, projects are copying and they are also copying the source code, which shows that it is not easy to create an idea and implement them.
In addition to making the product, they must have other marketing activities for people to notice it and use it.
Human resources for blockchain are currently scarce and developers are not always patient with a project.
Program products, repair during use, and upgrade projects. All of the above is difficult.

[Rikotin]

yeah..Lack of funds is the most popular reason why many projects are closed, another popular reason is lack of good demand, though not all developers cares but we have some who still does, few projects even return investors fund once their target isn't met.

[rahmathidayat93]

yeah..Lack of funds is the most popular reason why many projects are closed, another popular reason is lack of good demand, though not all developers cares but we have some who still does, few projects even return investors fund once their target isn't met.

Yes, and a good project is a project that wants to return investors 'funds when they don't find a good target, but there are also projects that don't return investors' funds when they start to fail to find success during promotion, this should be unfair even though the reason they failed is because insufficient funds for development.

[bonyaserg]

I can tell why people abandon projects and look for new ones. Because people just stopped trusting projects that promise to pay rewards but unfortunately do not pay. But there is another situation when the development team receives investments from investors and then disappear without a trace with all the investments.

[Wildwest]

Many of the reasons that the project management team issued in stopping their project, especially they could not reach the target stipulated because of the lack of interest from the investors so the value of the coin is not worth it, but those of us who follow the project feel at a disadvantage and have spent a lot of time of course we are very disappointed.

[ahmia39]

I think the most common reason why many people or project developer stop their crypto project is because the project is no hype at all that make their project token sales(soft or hard cap) unreachable. I have been witness several project that stop because of this reason.

Yes, not only have some projects stopped for this reason, but there have been many projects that have stopped for reasons of not being able to achieve a soft cap or hard cap on their token sale, but something like that only applies to projects that use the funding method through ICO and IEO , while for projects that do not use this method, of course there is no reason for it, if it is still reasonable because it means that the team is not ready to run the project or develop it.

[escalante28]

Some projects failed to implement their real mission due to a lack of funds. Some failed to reach their softcap. And mostly are failed because it's a total scam project. They just used the project to collect money for their own interest.

[matchi2011]

Some projects failed to implement their real mission due to a lack of funds. Some failed to reach their softcap. And mostly are failed because it's a total scam project. They just used the project to collect money for their own interest.

That's the majority, a lots of scammers find this venue as easy place to gather money, investing with fake project with good advertising teams, this scammers collects a huge amount of money from poor investors who are looking for opportunities inside this market.

It's also the very reason why lots of people forget about this side of investment venue, losing a lot makes send them away and tag this market as scam side of investment opportunities.

Can't blame since once you suffer from losing your money the initial reaction is to quit away and stay out to avoid repeating the same fate.

[sulendra12]

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget

The budget they have revealed could be faked or they can't reach the budget milestone for future development. There are too much reasons for them to postpone the development if they want to.

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

They mostly don't know what they are doing with that limited budget or have no plans before. The common reason is because of this Covid-19 which makes the event slowing down, to be fair the roadmap shouldn't be delayed for this long if they can work from home.

[Ayiranorea]

In a short while that I have been in cryptocurrency I have seen so many crypto project and fantastic budget

The budget they have revealed could be faked or they can't reach the budget milestone for future development. There are too much reasons for them to postpone the development if they want to.

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

They mostly don't know what they are doing with that limited budget or have no plans before. The common reason is because of this Covid-19 which makes the event slowing down, to be fair the roadmap shouldn't be delayed for this long if they can work from home.

In my view covid-19 isn't a big reason for the stopping of any project due to the lack of funding. Most of the projects try to just tokenise without any minimum viable product. Projects won't be allocated with perfect funding, and that's the reason why some people stop their crypto project. Development of any project depends upon the team behind it, the backing team too is a reason for the failure of projects.

[Ekyfitri]

Yes, not only have some projects stopped for this reason, but there have been many projects that have stopped for reasons of not being able to achieve a soft cap or hard cap on their token sale, but something like that only applies to projects that use the funding method through ICO and IEO , while for projects that do not use this method, of course there is no reason for it, if it is still reasonable because it means that the team is not ready to run the project or develop it.

sometimes it's also because they come up with a platform concept that is already on the market. especially if they do not have any updates or are of more value than the project they will not get the attention of investors. because if they are with the same concept, they will easily lose to platforms that are already on the market first, which have a trusted community and market.