According to estimates portal Coinopsy to compile a catalogue of “dead” altcoins, 264 Aldona failed to survive the bear market in 2018. More than half of them were running through ICO in 2017.
According to the definition Coinopsy, “dead” can be considered “a token or coin that was abandoned, was used to implement fraudulent schemes do not have an active web site, gcd, updates in social networks characterized by challenges with purses, lack of development and low volumes”.
Two projects that left the market last year, did it for the second time. Philosopher Stones and Scorecoin was launched in 2013, but failed the next year, however, was revived against the background of growth of the cryptocurrency market in 2017.
Coinopsy divides “the dead” coins into four categories depending on whether they constitute released through ICO a token, a joke, a Scam or an abandoned project.
Of the 264 cryptocurrencies that are unable to survive in 2018, 144 were running through ICO for the year before. The lion’s share of the list has at ICO, which demonstrated a complete failure or turned out to be a Scam, for example Dimoncoin, “which contained a hole in your smart contract, which allowed its Creator to issue an unlimited number of tokens”.
The second largest category is projects that have been abandoned by the developers, including Rare Pepe Party, and Community Masternode Coin India Coin. Them in statistics is given to 27%.
20% out of play last year altcoins the authors found signs of fraud.
In June last year, based on data Coinopsy the study showed that more than 1,000 cryptocurrency can be considered “dead projects”.
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