Did this coin fail once? Why is that?

The original developer has not been heard from since September 13th on BCT and the currency has experienced significant fluctuations since then with the price as high as 130,000 sats and as low as 3 sats. It is not my place IMHO to make accusations about impropriety or skulduggery. Crypto is a volatile illiquid asset class particularly with coins with market caps below $1M and even mighty Bitcoin has had 90% drawdowns from the peak value in its history.
Several investors have seen value in this platform including a working block explorer, attractive logo, a listing on Cryptopia (this alone is worth 4+ BTC) and staking returns in the 40% range. A new management team has formed and has restarted development focusing on the website and social media channels for phase 1. Future phases will create a white paper, launch a development fund, expand the use cases for the currency and enhance the core blockchain technology.
You are welcome to join our Slack channel if you are considering an investment and or wish to contribute to the Droxne ecosystem.