02 Jul More than 1,000 dead cryptocurrency coins in the graveyard already
A Techcrunch analysis shows that more than 1,000 cryptocurrency projects have already failed through the end of June 30, 2018.
We’ve got our own quick overview of the best and the worst of the deceased cryptocurrency ICOs and coins.
Coinopsy shows 260 “dead” coins
Coinopsy currently lists 260 dead coins which it defines as “a token or coin that has been abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project.”
Among the most recent list of coins identified as “pump and dump” schemes are: Plexcoin (PLX), Bitbase (BTBc), ImpulseCoin (IMPS), EthereumCash (Ecash), OCOW (OCOW), Dashs (DASHS), VIP Tokens (VIP) and Torcoin (TOR).
The list of “scam coins” is growing and recently active ones include: Slevin (SLEVIN), Monero Gold (XMRG), Yocoin Classic (XYOC), TAGRcoin (TARG), Link Platform (LNK), ARbit (ARB), Umbrella Coin (UMC), LiteCoin Gold (LTG) and BitCoin2x (BTC2X).
Amazingly, among the dead coins several “Founder” names have more than one listing including Crunck (3), Daniel V Mendoza (3), Andreas (2), Anton Toubia (2), Daniel M Harrison (2), Egor Gilin (2), Kathrine Harbor (2), Nanci Nette (2) and 117 other unknown founders.
Dead Coins’ list even bigger
The list of coins at Dead Coins is even longer with 855 currently showing in categories such as 634 deceased, 12 hack, 119 scam coins and 55 parody coins.
Most of the hack coins are older and contained malware, keylogging software or other attempts to steal wallets. They included Oreocoin, MouseCoin, Tradercoin and Copycoin.
Infamous among the 119 “Scam” coins were:
- notorious Ponzi scheme Bitconnect
- Blockbroker (BKBK), an ICO to prevent exit scams pulls its own exit scam
- Embercoin (EMB) an exit scam that printed 1 trillion coins and disappeared after the ICO
- gaming coin World of Battles which lost the war
- CarTaxi, a Russian tow track company with global ambitions
- Gold Rewards ICO which was hyped relentlessly on YouTube and other social channels, promised big returns to investors and disappeared.
Parody coins will make you laugh
Some of the 55 parody coins at Dead Coins are worth looking up just for the entertainment value alone. They include:
- HoweyCoin, an SEC educational scam ICO website
- Useless Ethereum Token, a parody coin created just for fun
- Coinye, AKA Coinye West, a coin that folded after Kanye West filed a trademark infringement
- Sexcoin, not a real coin but a porn payment site
- others including the SupercalifragilisticexpialidociousCoin, JesusCoin, Obamacoin, SiliconValleyCoin and more.
We hope you enjoyed this look at the Walking Dead of the cryptocurrency world. The world of cryptocurrency scams, ICO cons and dead coins is a constant source of story material. Some posts just write themselves!
Author: Jeff Domansky, Managing Editor