Vapourware
Vapourware refers to a product, often in tech or crypto, that is heavily promoted but never actually released or developed beyond vague promises.
How Vapourware Appears
In the crypto space, vapourware often shows up as ambitious whitepapers, flashy websites, or hyped-up token sales without a working product. These projects may raise funds through ICOs or token launches but fail to deliver functional platforms or features. While not always malicious, vapourware often results from overpromising and underdelivering.
Why Vapourware Is a Red Flag
Vapourware undermines trust in the blockchain industry and can mislead investors and users. It clogs the space with false hopes and wasted capital, making it harder for legitimate projects to stand out. Recognizing vapourware helps users avoid scams and focus on teams with real development progress and transparent roadmaps.