Thousands of cryptocurrency projects already dead
Source:
Two sites that are actively catalogservlet bad cryptoprocta, Coinopsy and DeadCoins, found that more than 1,000 projects were defeated in 2018. Projects range from just thrown to outright Scam. It is not surprising that institutions are actively developing rules for the regulation of cryptocurrencies, with hearings SEC are watching with bated breath, and large social networks forbid their advertising.
Despite the fact that many assume that a startup can fail, the public collection of funds by a massive release of tokens attracts a huge amount of money. When a startup gets in their hands a large supply of fuel it can burn out, and it's not good neither for companies nor for investors.
This burnout happens everywhere and is a global phenomenon. Fraudulent and dead ICO in 2017. There are questionable organization specializing in fixing failed ICO, but the long-term nature of many of such organizations does not Bode well for the industry.
Startups, attracting funds to the ICO, currently use multi-level marketing tactics to grow your business. Instead, they would have to use sites like Kickstarter and Indiegogo. These crowdfunding platforms have taught people to trust new startups. Unfortunately, the ICO industry develops much faster than the time to react (to react) different kinds of Institute.
What can I do? Invest only what you are willing to afford to lose, and expect that any token you invest, you may fail. Conduct your own research. Downplay expectations. In the coming years will be tens of thousands of ICO and the world will move on baccani, were not only disappointed in them.
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