Research Said That More Than 1,000 Cryptocurrencies are Dead Projects
As per the Collected Data of Coinopsy and Dead Coins, This two Digital Currency Tracking Websites. More than 1,000 Cryptocurrency Project has lack of Development and their team was nothing to do and they have raised Billions of Dollar in worth of Bitcoin and Ethereum.
Any person can make ERC20 Token on Ethereum Network and Many Developers make their token on Ethreum Network and they also make their website and start a Company like this and they Start their ICO on website and they Raised Millions of Dollars.
Aaron Brown: A Business markets author of Bloomberg Said that "There are obviously Fraud and hype in a ICO market, But 80% of ICO do Fraud and they just Run away with Money and Other 10% of ICOs just have lack of development and they just failed after Raising Money And Most of the 10% Probably Fail as Well"
The Reposrt by Satis Group that they said in 2017 more than $1 Billion as raised in ICO and that all Money gone in Fraud ICO and this much Money raised by about 271 Company only that they also show their Whitepaper and their Team members also.
Have you anytime loss your Money in fraud ICOs ?
Comment your Answer.
@crypto.update Not lost in any scam ico, but stuck in few dead projects like bitdegree, Dorado etc.
@crypto.update i also lost my money in ICO way back..
Which ICO?
@crypto.update teams behind that coin is very shamful and they are not up to the mark .they will not work like they should do. and more important thing ........they are just copying others idea and re implement in his own idea which is not the way to get investors on your side
Yes and than the project get fail
Now a days invest on ICO is very risky. Because anything can happen. I observe it for past few monthhhs. So I experienced it. That is cause why I don't invest in ICO. What u think??
Yes you are Right...
So think and invest in ico
Is that true?
Yes
This post has received a 2.24 % upvote from @drotto thanks to: @crypto.update.
Yes 1000 more ico this time near to dead line
@crypto.update
That's why I don't participate in ICO's...once even i thought of preparing an ERC20 TOKEN....haha...
Nice blog bro...i wasn't aware of coinopsy!!
yes absolutely most of the project dead or going to die