It might sound like a crazy number to some of you but after looking into all those ICO's that came up over the last year I just see the number grow and grow over time. I honestly expect most ICO Projects to fail eventually...
The data on the 1000 dead crypto projects is based on the evaluations of Coinopsy and DeadCoins, which are both declaring a project as dead on different criteria, which indicate diverse kinds of inactivity or a scam:
Coinopsy provides daily reviews of various cryptocurrencies, including ones that are already “dead.” It defines a “dead” token as exhibiting at least one of the following: “abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project.
DeadCoins similarly has a 830-item long list of “dead” cryptocurrencies. Among them is the recent Titanium Blockchain Infrastructure Services initial coin offering (ICO) that was shut down by the U.S. Securities and Exchange Commission (SEC) for fraudulent practices.
So like said, I expect this number to go way higher as most ICO's simply got no use case that would make them unique over the major coins. They are further many times just a copy of an old bitcoin protocol and hence even less useful and/or innovative than many think.
I'm not calling out any names here but I guess we all think like that about certain projects and will most likely see them fail in the near future with the result of it's value going down to 0 at some point. Let's just hope none of us invested anything in such a flop coin ;)
( Source - Cointelegraph.com )
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