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Author Topic: What to do with Dead Tokens?  (Read 545 times)
flavio.rib
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August 23, 2018, 07:19:25 AM
 #1

Hi all,

I have some dead tokens in my MEW wallet that I don't know what to do with them.

any ideia?

Thank you all
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Gaselemeg
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August 23, 2018, 07:32:10 AM
 #2

I saw here a few threads where people offered to sell them such tokens. You can try your luck there.
If not, you should hope that in 50 years they will acquire a numismatic value Wink

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August 23, 2018, 09:11:23 AM
 #3

I have some dead tokens in my MEW wallet that I don't know what to do with them.
any ideia?

Let them be on your wallet or you can search them on COINLIB if they are listed on exchange or not as sometimes some tokens are not listed Coinmarketcap. This has happened with me the ENUMIVO token ( I was condering it as dead token) was in my wallet for 6 months one day accidentally i was checking my all dead token whether they are listed on exchange or not than I found ENUMIVO worth 175$  Grin Grin 

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August 23, 2018, 09:46:23 AM
 #4

Quote from: flavio.rib
I have some dead tokens in my MEW wallet that I don't know what to do with them.

Oh you mean tokens that aren't in any exchanges or is an abandoned project right?  Nothing. You just store them and wait for a miracle.

It isn't impossible that someone could buy them, maybe in the hopes that it'll be listed even in dexs, that price could somehow surge. But i don't really think it's that popular so you have to lurk on different forums and i bet the buyer would demand a very cheap price.

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August 23, 2018, 09:47:24 AM
 #5

I have some dead tokens in my MEW wallet that I don't know what to do with them.
you could trash them by sending to "burn" address but you need to spend gas Tongue
or just leave them there and move your ETH to a new address
but save the old private key, just in case those tokens worth something in the future Wink

marlon45
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August 23, 2018, 09:51:38 AM
 #6

Out of interest, what dead tokens are they?

Someone mentioned that they could be exchangeable later on DEXs? Is this a market that could exist in the future? The buying/selling of unusable tokens, almost like antiques Smiley ?
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August 23, 2018, 01:27:01 PM
 #7

Dead Token as d name implies is dead, so what do you do to dead things? You bury them or you keep them hoping that it will some day come back to life.
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August 23, 2018, 01:56:24 PM
 #8

I would just make a new eth address so you won't have one that is flooded with junk tokens.  They still might be worth a lot someday so don't lose the key, a lot of good projects take years to develop.

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August 23, 2018, 02:28:31 PM
 #9

Hmm. But if you say, "dead" do you mean that the project is no longer running at all or that or they've just devalued so much that they are worthless?
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August 23, 2018, 02:35:44 PM
 #10

There is three things you can do:
1) Do nothing and just leave them as 0-value coins in your wallet. If you're lucky for some reason they will have value in the future and you can sell them.
2) Sell them to someone who hopes/gambles or knows something about this coin and is expecting the value to change in the future. Maybe you can sell them for minimum value or at least at a price so you dont lose on transaction costs.
3) Create a new Wallet on MEW and send all the coins with value to that wallet.

In my opinion option 3 is a waste of capital on transaction costs and i dont think there is a good market on dead coins for option 2.
celtic99
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August 23, 2018, 03:09:53 PM
 #11

I would just hold them long term, a lot of good projects were declared dead by the public while the dev still worked on it, then it ended up being worth a lot in a couple of years, be patient.

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August 23, 2018, 04:38:14 PM
 #12

For you to have declared it dead, it means it should not worth anything to you and since its not disturbing you in that MEW wallet, I would suggest you just leave it there and keep you access to it because nothing is more painful for you to see yourself lose so much money on a coin that you have declared worthless only to worth a fortune six months down the line and by then there is nothing you can do about it.

Since I learnt my lesson, except the coin does not have any trace on the the internet again, its not dead even if the developer have stopped working on it, you might be lucky all of this pump and dump group might pick it up for their selfish needs while you might be fortunate to be trading at the time. This would pay for your wait time in ways you cannot possibly imagine.

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August 23, 2018, 05:20:47 PM
 #13

Just forget them.i have 200+ Token in MEW,but only few of them are live.i dont care because they are not on my head. Cool .
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August 23, 2018, 06:04:11 PM
 #14

There's nothing you can do it with them. They are good for nothing. If you throw it to another wallet, it will only cost you eth, because of the gas fee. So better keep it forever, or hope that the devs of the project would come back and resurrect it. Anyway, there's no limit to the number of tokens a digital wallet can hold.
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August 23, 2018, 06:06:06 PM
 #15

just let them resting and look at them in few years from now
maybe the value will be 0 maybe you will become rich Smiley
harizen
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August 23, 2018, 07:44:19 PM
 #16

Hi all,

I have some dead tokens in my MEW wallet that I don't know what to do with them.

any ideia?

Thank you all

You just say it was "dead" so basically they are not functional nor have value. Since it will not harmed your MyEtherWallet in the first place then let it rest there for long time since after all, you can't do anything to them.

The only annoying thing is here if you hold lots of dead tokens (not by quantity but for each tokens), it will be a long list on your token list whenever you are viewing or checking your ETH address at the explorer.

But for me, I don't mind. I also have lots of "dead" coins on my address. If they will soon revived then good although most of them are impossible to be brought back based on my own view.

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August 23, 2018, 10:35:33 PM
 #17

If it doesn't worth anything anymore just simply leave it on your address.

You can forget that wallet for good if those tokens are dead or you have dust tokens there.

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August 23, 2018, 11:30:22 PM
 #18

We all have plenty of those, nothing to worry about Smiley You could send them to the graveyard (some address with many zeros I believe) or just keep them hoping that miracle will come one day and they will arise...

I think I saw that there is a project (or a few of them) that tries to gather their members' coins from multiple airdrops worth a few cents each and then actually sell them (because it's quite impossible, plus pointless doing this yourself with coins worth a few cents). I think this is a great idea because anyone who was ever involved in any type of airdrops has such coins, but it's mostly great for whoever is taking fat percentages out of this, not much for people who are sending them millions of coins basically hoping for nothing. But I might consider this one day Smiley Not sure about the name of the project, sorry, try to search the forum.
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August 23, 2018, 11:52:44 PM
 #19

If the meaning of dead token is not listed by any market then there is nothing you can do but save it in the wallet.

but you can try your luck by offering to sell all your dead tokens to some forum or community, because maybe there is somenone who are interested in a

certain price.
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August 24, 2018, 04:31:01 AM
 #20

I have some dead tokens in my MEW wallet that I don't know what to do with them.

and what to do with SuperCoin's i put 1 000 000 of them in my notepad. Sometimes in good mood i add another zero to it. Im Supercoin billionaire Tongue
sorry about that little side note Wink, i have bad news for you, they are worth nothing. When something is worth nothing and you can't use it for anything usefull just leave it, forget it, let the loss motivate you to invest better next time for example in one real actually revolutionary cryptocurrency. Its called bitcoin.

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