Deadcoins: the cemetery of crypto currencies

Dead Coins is a site that lists all the altcoins that are no longer part of this world. Most of the detailed coins are artefacts from past altcoine bubbles. There are scams (scams), shitcoins, and a lot of litecoin clones with exuberant names to attract attention.

• Traditional scams

Deadcoins lists the projects in alphabetical order, "Aiden" being one of the first pieces met by the visitors. From Aiden, the author declares:

"Haha haha ​​that recalls memories. Aiden is another LTC clone, a shit clone that I made and that Poloniex idiots have listed. I just changed some scrypt settings and scammed people by calling it GPU friendly. "

The casual tone of the author's comments should underscore the imperative need for potential investors to evaluate and criticize the marketing discourse promoting an altcoin.

Many scams tell the well-known story of developers who disappear with investor funds.

Blockshares, which raised $ 250,000 and then disappeared
Crimsoncoin, whose developers left with investor money in the week following the ICO
Erosvision, which had plagiarized the whitepaper of another crypto monnaie

Some scams like Chancoin have a more elaborate story. Deadcoins says the developer performed a pre-mining of 30%, supposedly by mistake. Then, sent 10% of the tokens to a stranger the first day. He then made great promises to the community who believed in the project. This scam could be spent using the creation of several accounts on BitcoinTalk by the developer to sow confusion. He used it to create a false discussion and turn it to his advantage.

Many of the detailed cryptomonies on Deadcoins are tokens without real project. To raise the sauce and attract the attention of investors, it would be enough to find an original name.

One of these projects is the Beercoin project. Its purpose was to keep the price of the token relative to the price of the beer.

Other tokens with the original name listed by Deadcoins include Fraudcoin, Groincoin, Koindashian, Obama_bin_lotterycoin or even a gently named Asspennies token.

Although most of the cryptomonas described on Deadcoins are rough scams, some projects appear to have been serious in their efforts and have failed due to incomplete execution. The Oilcoin token, for example, is described as "an attempt to create a crypto money for the market for shipping and trading crude oil". It was recorded on the deceased Allcrypt, but the price collapsed and the miners abandoned the blockchain.