Why does the projects DEVs forget their aim?

[Olamidetechie]

Let me say I'm confused and not also confused when it comes to a project's goal and objective in this space. Let me try to explain myself so you can understand me better.

 If a certain project in DeFi or any ecosystem is being listed today, the devs will say it's basically built around virtual finance or just to make the finance sector better. But at the end of the day, the last thing someone sees is listing it and people buying and selling it. Is the money they made what they will use to build the influence of the main reason it was launched, or what? I asked this question because many new projects I've seen so far, on paper, look good with their aim and objective.


Take $HYPER as an example. According to the whitepaper, it is a permissionless interoperability protocol enabling seamless cross-chain communication, and also it allows developers to build interchain applications without centralized intermediaries. With these, how will they actualize the purpose and not limit it to people trading it?

[Crypt0Gore]

Put aside what a project team plan to do for the crypto space, until they prove that they mean business you will never know what they are up to, forget all the utilities and promises, many projects have good ideas but they will eventually fail to push it out in the world for people to use.

Most new projects are here for the gold rush, once alt season starts they will spend money on adverts and once the value are in they will cash out leaving the project to die.

Many projects raised money through IEO since 2022 and they are now already dead, no more volume on listed exchanges.

New crypto projects are the most risky investment anyone can venture into, they bring massive gains if they are successful and they die easily if they are not.

Since they are still new, all they've got is empty promises. Place your risks wisely and invest only what you can afford to lose.

[Kavelj22]

 If a certain project in DeFi or any ecosystem is being listed today, the devs will say it's basically built around virtual finance or just to make the finance sector better. But at the end of the day, the last thing someone sees is listing it and people buying and selling it. Is the money they made what they will use to build the influence of the main reason it was launched, or what? I asked this question because many new projects I've seen so far, on paper, look good with their aim and objective.

You forgot to mention that it always turns out later that a project is nothing more than a scam to raise money from investors of all backgrounds. I've been following the crypto space since the beginning of the altcoin season in 2017, and I'm no longer surprised by the failure of many, or even most, projects. I'm no longer impressed by new projects, no matter how unique the concept may seem. The developers of these projects are merely employees or contributors to a project with an illusory concept that may appear beautiful on paper, but the implementation doesn't matter because no one will ask questions. Anyone who embarrasses you with a question can be accused of ignorance and lack of experience.

There's a simple criterion: Don't believe any project that isn't capable of presenting a product prototype. Most of the projects you see are unable to implement a prototype, and the community doesn't ask questions. What matters to the community is that the token is tradeable, and it doesn't matter what happens next.

[markm]

What makes you think they forgot their aim?

Isn't it more likely their aim all along was exactly where they went with it, maybe even in some cases including the damage to the fools who invested in them though maybe often that part is just the collateral damage implicit in launching a cash-grab con...


-MarkM-

[robelneo]

Most of the projects you see are unable to implement a prototype, and the community doesn't ask questions. What matters to the community is that the token is tradeable, and it doesn't matter what happens next.

Very few projects have accomplished their roadmap and created a prototype; they make their whitepaper and roadmap look good and promising so the people will think it's another Ethereum or other established coin, and because of this, it will have a good price in the market, so what they are really buying is the promise and not really the implementation of the roadmap.
The majority of investors are hungry for profit; they check the potential in the market, not really the usability of the platform.

[Lanatsa]

Let me say I'm confused and not also confused when it comes to a project's goal and objective in this space. Let me try to explain myself so you can understand me better.

 If a certain project in DeFi or any ecosystem is being listed today, the devs will say it's basically built around virtual finance or just to make the finance sector better. But at the end of the day, the last thing someone sees is listing it and people buying and selling it. Is the money they made what they will use to build the influence of the main reason it was launched, or what? I asked this question because many new projects I've seen so far, on paper, look good with their aim and objective.


Take $HYPER as an example. According to the whitepaper, it is a permissionless interoperability protocol enabling seamless cross-chain communication, and also it allows developers to build interchain applications without centralized intermediaries. With these, how will they actualize the purpose and not limit it to people trading it?

Actually if we do speak about those projects that talks about "INTEROPERABILITY" then we do have tons of similar projects so far on which some of them are being listed already on known exchangers. So therefore, its not the first project who do have this feature or revolutionary discovery about cross chains. In speaking about the reasons on why it do fail?

1. Copy cat from other projects, there are tons of existing ones and nothing special
2. Devs do stop on developing or following their roadmap if they do saw that they didnt get so much demand
3. Or totally doesnt have any plans on realizing it on the first place.

This is where investing doesnt give out any assurance no matter how good looking the project would be. Usually Developers do only aim for the money that they can get
on which this is what mostly happens for most projects. Once they do able to hit up their target or load off all of their holdings then they would be just that simply abandoning the project
and made out another new one and this is the common cycle that we do have and thats why we do have tons of shit projects in the market.

[markm]

Are we talking about free open source projects?

If so then so what if one team abandons it, everyone who thought it a good enough idea to put money into it can just keep on going with it.

A "community takeover" basically, like DMD Diamond and likely lots and lots of other good projects...

If for some reason you as a potential investor are not confident the team will stick with it and do it right, consider being prepared to step in yourself or holding back much of your funding against a need to bring in a better community of developers to work on the project...


-MarkM-

[avikz]

Keeping the technical details aside. Let's look at it from purely a business perspective.

Every startup starts with vision and then they start working on a MVP. In order to succeed, they have to be agile and adapt to the ever changing needs of the consumers. So in majority of the cases, the vision also changes to adapt to the changing needs. That's how a business is built.

Now in crypto market, majority of the projects are scam. That's the only difference!

[TastyChillySauce00]

Most of new project exist these days because they see opportunity to get millions from listing their "governance" token, or even the token that have no utility.

Take zora for example, their coin was stated to have no utility and just for fun, but for some reason people are still buying it, despite absolutely having zero use case.
Now the investors and devs see the loophole they can exploit, so they went with it, trust me, when you see new project, their ultimate goal is always TGE and cashing in on the market.

[Iamcrypticguy]

Let me say I'm confused and not also confused when it comes to a project's goal and objective in this space. Let me try to explain myself so you can understand me better.

 If a certain project in DeFi or any ecosystem is being listed today, the devs will say it's basically built around virtual finance or just to make the finance sector better. But at the end of the day, the last thing someone sees is listing it and people buying and selling it. Is the money they made what they will use to build the influence of the main reason it was launched, or what? I asked this question because many new projects I've seen so far, on paper, look good with their aim and objective.


Take $HYPER as an example. According to the whitepaper, it is a permissionless interoperability protocol enabling seamless cross-chain communication, and also it allows developers to build interchain applications without centralized intermediaries. With these, how will they actualize the purpose and not limit it to people trading it?

Not all projects forget their aim. Some work with the white paper to actualize it and keep innovating so it stands the tests of time. For hyperlane with their utilities, ecosystem and even partners rn, I think they'll continue to follow their white paper.
https://x.com/hyperlane/status/1915066305386013028?t=JoyQhPGT0MOHwtcBdP2cbw&s=19 that's a sneak peak. Anyways I was already farming their token hyper on BitgetPoolx before I saw this thread. I'll hold on to it in case. Always dyor though..

[shinratensei_]

Keeping the technical details aside. Let's look at it from purely a business perspective.

Every startup starts with vision and then they start working on a MVP. In order to succeed, they have to be agile and adapt to the ever changing needs of the consumers. So in majority of the cases, the vision also changes to adapt to the changing needs. That's how a business is built.

Now in crypto market, majority of the projects are scam. That's the only difference!

Can agree, people underestimate how fast crypto development is, not too long ago we can't bridge asset on chain except using centralized exchange, now we can bridge our asset seamlessly even when the underlying technology is vastly different (ex. SVM vs EVM vs MOVE)
It's actually crazy and I think along the way project's vision will change and adjust to the current trend of crypto.

That's the thing with most of tech company or projects anyway, they always adapt. Otherwise they gonna fall behind.

[MArsland]

Take $HYPER as an example. According to the whitepaper, it is a permissionless interoperability protocol enabling seamless cross-chain communication, and also it allows developers to build interchain applications without centralized intermediaries. With these, how will they actualize the purpose and not limit it to people trading it?

Current projects in any field that try to offer special features are just bullshit. They do it to get more funding and once it all starts, dumping to take advantage is done. This pattern is always the same and there is no difference. A little discussion about the Dex that Hyperliquid is facing is the attack from the owners of the centralized exchanges, we have seen this drama some time ago. The conspiracy of the owners of every centralized exchange to make Hyperliquid go bankrupt, Hyperliquid's intentions are good but we don't know what awaits them in the future.

[gunhell16]

All developers here in the crypto space have only one aim why they are creating new coin projects. There are no developers here who are creating coins that they will not get any profit in the end particularly if they spend a lot of money, of course they have an aim target why they did that.

There are only two types of developers in this cryptocurrency business industry and these are the good and the bad., And if you choose a crypto project that is all about promises and hype, it will probably end up being a scam in the end. There are only a few developers who have good intentions in the crypto community and this is the one that is hard to find in reality, that is why you should always be vigilant as investors.

[Dave1]

How about profits though? Maybe when the project that they started and have their roadmap accomplished and then investors pouring millions into their project and now has a value, somewhat the Devs just want to rest in their laurels already as they have accomplished what they want. Although I think this is a wrong mindset for them, they should really strive for me so that their investors and the community will have their support on them. Otherwise, if we saw that the projects is not moving or there are no more goals and roadmaps, then it is good as a dead project already.

[uneng]

The reasoning of the project are always excuses to claim there is a meaningful purpose behind the token being launched, although there isn't real usage or impact on the market, as you have already seen. And unfortunatelly, developers don't have good intentions since the beginning, as they know to be launching a weak, paste/copy and useless product which will count on speculation to thrive on short run, without any progression on long term.

It's not that developers forget their aim or had a bad feedback from the community against all their expectations. They always knew that, because there has never been a real product in first place...

[nelson4lov]

The answer is simple.

Money.

Most of the developer teams immediately forget their purpose when they receive significant amounts in raised funds and also get huge share of the total token supply on launch under the disguise of team tokens /core contributors.

When they get these tokens, there are very little incentives to do more after major cashout. If those raised funds or tokens were released/unlocked based on certain milestones, those teams will stay locked in and grind.

[oktana]

Project devs often forget their aim because somewhere along the way, the grind replaces the vision. At the start, it’s all about decentralization, freedom, empowering users, breaking old systems. It feels revolutionary. But then money floods in VCs, token launches, hype cycles and suddenly the goals shift.
Instead of asking “Are we building something real for people?” it becomes “How can we pump the token?” or “How fast can we ship to hit the next fundraising milestone?” Ego creeps in too. Founders start caring more about their Twitter following, their brand deals, their status among other devs. They get caught in the race instead of the reason they started.
Web3 also moves insanely fast. If you’re not dropping something every month, people think you’re dead. That pressure forces devs to cut corners, pivot, rebrand sometimes so many times they don’t even recognize their original roadmap.
Bottom line: greed, clout-chasing, pressure, and loss of soul. That’s why they forget. Not because they’re bad people, but because web3 tests your values every single day, and not everyone survives that test!

[passwordnow]

None other than, caching..caching...money.
That's it, there is no other reason why the devs are forgetting their main goal. You're fortunate to see if the money you have invested was in a project that they are making it a reality after being funded. But most of the devs are now into making sure that their efforts won't be put into waste and that's why they're getting out with the money that's already in front of them. This is not a new scenario because even in startups that have MVPs, this is what they intend to do even they believe in thing that they're working on.