Revivals of old Blockchains seems to be a new trend. With many ICOs failing last year, reviving an old Blockchain could be a more noble way to start developing. Investors get a trustworthy coin with a long history and loyal following, while preventing discussions on pre-mine or risking SEC regulations. On the other hand, it doesn’t provide any marketing/development budget or “hype” that can surround an ICO. Over the last months, I’ve noticed several of these revivals starting on BCT and I’m still undecided whether it’s a good investment or a way for bagholders to offload their coins on new victims.
I’ve missed out on the early days of crypto so I’m looking for other ways to get a x100 on my investment. Revivals of blockchains with a long history seems like one of the few (risky) ways left to make this kind of profits.
For my investment, I decided on FUNK. Their project is currently the lowest marketcap and it has a clear business case / experienced team for the revival. However, most of them look very attractive. CRAVE has for example gone from a blood red "skull" logo to a very professional website. Therefore, I'm considering buying into all of them in the hope that one become very successful. Would that be smart or buying someone's bags? I’ve listed all recent revivals I could find below. Partially to get advice on whether these investments are worthwhile, but also to give some credit to people working on revivals without getting any compensation from an ICO.
Curious to see what people think?
For developers: Are revivals a good way to circumvent ICO regulations and do you expect we see this happening more often in the future? For investors: Does it make sense to buy into revivals or are most of them doomed to fail?
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FedoraCoin (TiPS) – March 2014
Rank: 519
Exchange: Gate.io (ETH market)
Website:
https://www.tipsco.inRoadmap:
https://www.tipsco.in/wp-content/uploads/2018/03/Fedora-Roadmap.pdf?189db0&189db0----------------------------------------------------------------------------------------------------------------------
CypherFunks (FUNK) – February 2014
Rank: 842
Exchange: Cryptopia (LTC market)
Website:
http://thecypherfunks.com/New website:
https://soniqproject.com/New whitepaper:
https://soniqproject.com/static/soniq-white-paper.2a3f40f7.pdf----------------------------------------------------------------------------------------------------------------------
DIMEcoin (DIME) – February 2014
Rank: 376
Exchange: Cryptopia (LTC Market)
Website:
https://dimecoinnetwork.com/Whitepaper:
https://dimecoinnetwork.com/dime/dimecoin.pdf----------------------------------------------------------------------------------------------------------------------
CRAVE (CRAVE) – March 2015
Rank: 723
Exchange: Cryptopia (BTC market)
Website:
https://craveproject.net/Whitepaper:
https://craveproject.net/pdf/White_Paper_for_Crave_NextGen.pdf
