Some projects work out, while others don't, and it’s with a heavy heart that we announce TunedCoin falls into the latter category. While startups in general have a survival rate of only 10%, according to Cointelegraph, only 5% of crypto startups survive. Despite our best efforts, TunedCoin never reached its overall funding goal, which made it increasingly difficult to continue. All the funds raised were fully invested in developing the project, covering costs for marketing, freelancers, consultants, and salaries. Once the initial funds were depleted, the founders contributed personal resources to keep things going, but that approach was not sustainable in the long term. Eventually, we had to move on to other ventures outside of the crypto and music space.

​

Unfortunately, one of the significant challenges we faced was the presence of scammers, which took a toll on the project as well as our team. Shockingly, some of these bad actors came from within the early supporter community. This dishonesty and fraud, which sadly seem prevalent in the crypto space, is one of the main reasons the founders have decided to step away from blockchain projects altogether.

​

Another factor that contributed to TunedCoin's struggles was the rapid evolution of the music industry. TunedCoin was originally created to target the sync placement market for sound-alike songs used in advertising, film, or TV shows. However, with the rise of AI in the last two years, the market for this kind of solution has all but vanished, leaving little room for TunedCoin’s original vision.

​

If anyone would like a detailed breakdown of how the funds were spent throughout the course of the project, or if anyone is interested in taking over and pivoting TunedCoin in a new direction, please fill out the form below. While the current team is stepping back, the project still has a strong web presence, and the token is built and solid—someone with the right experience may be able to continue the project successfully.

​

Thank you to everyone who supported us on this journey.