A dig at some of the smartBCH NFT projects that has stopped developing, rugged or abandoned
There have been several projects on the smartBCH network that either stopped developing or were abandoned in the few months since the smartBCH community and Coinflex fiasco over the bridge lock started. A good number of projects have stopped the development of their features altogether, while others have completely abandoned their projects leaving investors in the dark. For those that have not abandoned their projects, they have stopped developing features blaming the situation on Coinflex and a lack of faith that the chain will survive. One of the biggest issues with most of these projects is that some of them are creating copies of the same NFT on alternative chains, notably the Dogechain.
In this article, we will take digging into some of the projects that have stopped developing or completely abandoned.
CashBear NFT project
Owner: @cyberiV
Telegram group: CashBear
The CashBear NFT project is the first that comes to mind among the NFT projects on the smartBCH chain that has been abandoned or rugged. The CashBear NFT comes with 1500 total supply and a mint price of 0.01 BCH per mint that enables the NFT to be sold out quickly. Although the CashBear collection artwork is a plagiarized version of the popular okay Bears on the Solana chain, the smartBCH investors loved them and were happy to have them at that cheap price.
The project owner promised a reward of the project's native token to CashBear holders periodically, and a staking reward for those who will stake their Bears. However, none of these promises were fulfilled even though the project had a token pre-sale or an IBO.
The last that was heard from the owner of the project was that the current situation in the smartBCH chain would not allow him to continue with the project development, and that was all that could ever be heard from him for the past three months.
Lads NFT project
Owner: Michael @ladsclub0
Telegram group: Ladsnft
The Lads NFT project was one of the first NFT projects to be launched in the smartBCH chain. It came with a total supply of 10k which was later reduced to 6k at 0.026 per mint. The utilities promised to investors were staking and gamfi features.
Although the owner provided investors with a staking feature and a little liquidity for the reward token, the gamfi feature was never going to happen. Several excuses were given for the delay in releasing the games by the project owner. The last that could be heard of the games was that they will no longer be released and the owner has abandoned the project and moved to another chain.
Michael left the project without saying a word to the community, and since then the project crumbles leaving investors in the lurk.
Goblin NFT project
Owner: @danaladin
Telegram group: GGoblinnf
The Goblin NFT project is one of the projects that has moved to the Dogechain and currently minting the same collection of NFT it has on the smartBCH chain on the latter. The owner of the project came into the smartBCH community a few months ago and started shilling. Quite a good number of people joined the project and buy the NFT which is clearly a copied artwork from the Ethereum chain.
It has a total supply of 5555 in the collection at the price of 0.01 BCH per mint. The project promised to give back a certain percentage of the sales revenue as liquidity for the staking reward token.
Although the mint was yet to finish, there are no more activities on the telegram group chat, and the owner is currently minting the same NFT on the Dogechain at the time of writing this article.
I'Tired NFT project
Owner: @web3_task
Telegram group: I'Tired NFT
The I'Tired NFT project was one kind of funny project with a funny name. The owner came from nowhere and started shilling about the project everywhere. After getting some people attracted to the project and minted a portion of the NFT collection, the owner disappeared and nothing was ever heard from him.
There's not much to say about this project that lasted only for about a month or so before the owner went MIA.
List of rugged, abandoned, or otherwise dead projects!
-Of course, we would be happy to take you off this list if there is a good reason to do so-
👇🏻
Cattos
BIG BUTT NFT ( owner @brianbch moved to Dogechain)
All of the above incidences happened during the past two months and there's a general fear that many other projects may follow the same route. In most project chat groups, all that you hear from the project owner or developer is that the Coinflex situation has affected their progress in developing the project. How the Coinflex issue affected project development is unknown to me.
I supposed it is the investors who should be complaining about not having an easy-to-use bridge to bridge in and out of the chain. Instead, it's the projects' owners that are complaining about the situation the more. This attitude is what is killing investors' interest in the smartBCH community. If every project owner or team can be optimistic about the survival of the smartBCH chain no investors would be afraid of anything. The negative attitude of some projects owner or teams to the smartBCH chain is what is making the ecosystem toxic to investors.
