Just as the title states, recent times, we have seen how popular Nigerian cryptocurrency platforms run into financial problems with some cases in court, and others their CEOs declared wanted by the EFCC.
An indebt personal analysis from my desk, and a sample collection within few crypto enthusiasts friends, we, I come to the conclusion that, the reason why most cryptocurrency start ups fails along the way despite their early success recorded is because thei lack.
Knowledge based capital:
And instead of chasing to keep developing their backend and fintech indebt Knowledge as related to cryptocurrency, they focus more onnthe financial capital liquidity and promotions, this eat deeply into they capital forcing them to close down suddenly.
Base on my last experience with some project ( talking in the aspect of airdrop) . Many dev always care about what they will end up with , they don’t care about the growth and utility of their projects .
And most of the don’t have the proper knowledge about cryptocurrency in a whole just as you mentioned. They just want to promote their platform which is not bad but as you are promoting you should be keeping to the main purpose of the platform .
