BAGOBO
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Activity: 1163
Merit: 1005
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October 30, 2020, 01:40:33 AM |
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There are 3 possible projects that stop in the middle of the road.
the first is a Scam, the second is probably an internal problem, and the third is a financial problem. It can happen in any business world and it is very difficult to avoid. And those who can get through it will definitely be successful.
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No Gods or Kings. Only Bitcoin
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asepsetiawan1990
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October 30, 2020, 02:49:33 AM |
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There are several factors that arise in crypto projects, one of which in my opinion is a digital system. The background of project founders and investors is at great risk of being fictitious. The level of trust and certainty of the project depends on the team that can really make the people involved in the project believe.
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Rowenta
Member
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Activity: 196
Merit: 12
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October 30, 2020, 06:47:38 AM |
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There are different reasons why a project can stop working
1. They simply run out of fund.
2. They failed to meet their target ( they would refund investors if they are real project.
3. They exit scam
4. They have no reason to carry on because investors don't have interest, meaning there will be more lower volumes day by day and they can't come up with new ideas.
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StealthCoin1
Sr. Member
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Activity: 498
Merit: 252
Life failures Stealthcoin, Ark coin and Safemoon
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October 30, 2020, 06:50:10 AM |
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1. They make money then moving on to the next one
2. They know their goal is not achievable
3. Short on fund
4. Not many people interest on them and they think it's just a waste of time
5. They don't have time for it
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Stealthcoin, Ark and Safemoon my life 3 investment failures while bashing Ethereum at 0.20cent. Bye bye
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nrvasquez
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October 30, 2020, 06:50:27 AM |
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Usually there are 3 options.
1. People understand that their project is shit, and they prefer to stop before it happens naturally.
2. They have collected enough money and are going to hide with them.
3. They have not raised enough money, and they have no choice but to finish the work ahead of time.
Not gonna lie, but most projects are forced to exit because they don't gave enough resources (financially or in terms of man power). but we also can find a lot of shit projects who just want quick money from investors |
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petyang12
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Activity: 352
Merit: 10
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October 30, 2020, 06:52:57 AM |
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There are different reasons why the project have stop. Some stop because they don't have enough budget from the their fund raising ico. Some stop because they only want to scam. Some may stop because they didn't have the chance to join the market or didn't garner much attention.
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Rowenta
Member
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Activity: 196
Merit: 12
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October 30, 2020, 06:56:26 AM |
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Most projects on crypto space are money making machines, once the team had enough they decide to exit and move onto the next strategy, their way of exiting is different, some won't make it look like they run away with investors funds, they will exit slowly and find other things to put the blame on, the perfect scam
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Dariusburst
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Activity: 182
Merit: 10
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October 30, 2020, 07:05:00 AM |
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There are many possibilities, some chose the wrong use case, some choose the wrong team members, not all those on LinkedIn are real blockchain experts, they know nothing about blockchain technology, so when problems occurs they won't be able to fix them, this is why the most qualified people for crypto projects are those who study blockchain technology for past years
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shoreno
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October 30, 2020, 07:08:00 AM |
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There are different reasons why the project have stop. Some stop because they don't have enough budget from the their fund raising ico. Some stop because they only want to scam. Some may stop because they didn't have the chance to join the market or didn't garner much attention.
the first two that you said are common but the third, is that even a valid reason to stop ? that reason was so lite . new projects normally start small and not popular but if they have gathered the right amount of budget that they need they can work out the rest , follow the plans that they make and they can expect noticeable results but if they are too ambitious at the start and wants to be popular easily , something isnt right with the way they think and they arent professional . |
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dobol
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October 30, 2020, 07:44:52 AM |
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There are different reasons why a project can stop working
1. They simply run out of fund.
2. They failed to meet their target ( they would refund investors if they are real project.
3. They exit scam
4. They have no reason to carry on because investors don't have interest, meaning there will be more lower volumes day by day and they can't come up with new ideas.
Sad when they have very good technology but they run out of fund and no one interested because there's no marketing. i hope that there's some way for good projects to get more awareness even they have only little budget for marketing |
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jessyj48
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Activity: 756
Merit: 14
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October 30, 2020, 08:29:13 AM |
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It's bound to happen, many projects are rushed and later get abandoned as time goes on, we have too many inexperienced developers in crypto space, if there is a way to give access to only those who are qualified we will have less scam and fail projects in crypto space today
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1l1l11ll1l
Legendary
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Activity: 1274
Merit: 1000
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October 30, 2020, 09:12:22 AM |
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It's bound to happen, many projects are rushed and later get abandoned as time goes on, we have too many inexperienced developers in crypto space, if there is a way to give access to only those who are qualified we will have less scam and fail projects in crypto space today
Ya ya, a lot of projects close because some of their team inexperienced in this industry, preffer to avoid more lost than continue the projects. but we also need to understand that there's also some factors that maybe forced them to stop their project development |
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Stanlo
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October 30, 2020, 11:09:15 AM |
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The most important reason is lack of fund, maybe the team used small exchanges for IEO fundraising which mostly kills many projects before, it's why people should understand the difference between p2pb2b exchange vs Okex, if they have no fund for listed they should find ways, small exchanges are bad news for new projects
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baiwei
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October 30, 2020, 12:04:45 PM |
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People usually tends to stop their crypto project because of it's insufficient availability of things or fund for promotion so it happen when a project is lack or good management and endorsement it will eventually stop as if there is no people will grab it for investment.
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unusualfacts30
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October 30, 2020, 12:54:58 PM |
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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.
that's a very interesting question. There were few tokens that I still have that were extremely good in the beginning, they had large budget and it looked like they were making progress. However, it all stopped without any news during last November 2019 and its not even listed on any exchange anymore. I am really not sure what happened to it. Usually when this kind of things happen you can never tell whats going on unless the team decide to inform investors. some small time projects close down its no problem but when you have something that has few million dollars budget and they decide to shut down. it doesn't make much sense. |
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sharos
Jr. Member
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Activity: 551
Merit: 4
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October 30, 2020, 12:55:52 PM |
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Marketing is the heart of project. If team members are not knowledgeable or the marketing manager is not experienced, then project does not get investors to take next step. This is a major cause.
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Kvalentine
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Activity: 504
Merit: 25
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October 30, 2020, 12:59:21 PM |
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Marketing is the heart of project. If team members are not knowledgeable or the marketing manager is not experienced, then project does not get investors to take next step. This is a major cause.
I'm just wondering why a team will launch new project without the right experience, is that not the main reason why developers hired team members? This is sadden honestly, very heartbreaking, we have to invest in their project with our hard-earned money but they aren't qualified to take the project to high level? I just pity those who blindly invest in projects |
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Vaskiy
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Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
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October 30, 2020, 01:18:51 PM |
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Years back more new projects got into market, and succeeded by the bull market. During that time period the market isn't that mature as well as people aren't much knowledged about the market. Having that growth and profiting in mind people go for developing their own project. First of all the project should be started for some usecase, but here projects are developed for the purpose of money making. This is the major reason for existence of lots of projects and one in ten getting success.
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sharos
Jr. Member
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Activity: 551
Merit: 4
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October 30, 2020, 01:23:05 PM |
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Marketing is the heart of project. If team members are not knowledgeable or the marketing manager is not experienced, then project does not get investors to take next step. This is a major cause.
I'm just wondering why a team will launch new project without the right experience, is that not the main reason why developers hired team members? This is sadden honestly, very heartbreaking, we have to invest in their project with our hard-earned money but they aren't qualified to take the project to high level? I wrote only one reason, there are more reasons. Another reason is scamming. If the project team's goal is simply to scam, they close project after get some money from investors. Like KingCasino  I just pity those who blindly invest in projects It’s really frustrating. |
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NewRanger
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October 30, 2020, 02:58:28 PM |
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many cryptocurrency project stopped due the developers capability to build usefull project. they have no good background to developt cryptocurrency that used in wide ecosystem. take a look at failed project, its just tradeable in market meanwhile it have no function at all. investors looking project that will give them several benefits, from its price increase and its function in ecosystem.
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