1000 coins already dead - We need to invest Carefully

steemero (63)in #cryptocurrency • 6 years ago

$12 Billion dollar has already been raised this year through ICOs. Telegram alone raised $1.7 Billion privately. Just six months of this year have passed, We don't know how much money will raise this year. People are so desperate to launch their magic coin, They do not have anything to show for ICOs. They are very desperate to launch, Do not care about the outcome of the projects.

Pixabay
I perplexed about the promotion of ICOs. They have the best marketing team. You just need to follow some tactics to promote your coin. We are as an investor also desperate to make huge. Normally, We do not care about the outcome of the project. If it was true, We must analyze the project and invest it carefully. Merely a website based ICOs will not raise so much money. Our money has gone to the wrong hand.

Recently, TEchCrunch published a report that almost 1000 coins are already dead. According to them dead coins are those coins which have some criteria Source

Have serious Wallet Issues
Social Channel is dead
No social update
The developer is no longer in the project
abandoned coin
scammed
The website is not working
no nodes

We need to be more and more careful. Money should go to the best project. Cryptocurrency and blockchain technology has a great future. We are expecting widespread adoption of the technology. Good project deserve backing.

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