Are you holding a bag of useless illiquid tokens? Like I do?

[taguig]

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Not only happening to illiquid tokens, but there are also a lot of tokens that are useless, you have worked on it for several months, got your stakes only to wait for several months again hoping it will have a market and value, and you will get disappointed for waiting in a useless coin, you are not all alone with this.

[GregH37]

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Lol, how do you intend doing this, since it is something you can’t do physically since these people are all not in the same country, and what assurance do you even have that you will not be scammed too by having a mole in you meetings.

It will still go a long way though, although I am still not convince enough about the method you intend using in gathering these people, but whatever method it is that you have that will guarantee the success of the meeting, I think it is worthy of trying and let us see the outcome of it first before proceeding or advising further on what to do, but at this stage, I think the case rest with the initiator.

[Everglow]

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

Seems like a pretty crazy idea. But how, because you face a big problem that you don't have the money to do those things. If a project is on the right track, they will have a listing plan as intended, otherwise they will have a scam, and your tokens will forever be worthless.

[Danslip]

I also have a collection of useless shitcoin in my portfolio and I can't find a good exchange to sell this shitcoin one by one. There is no rescue from this vicious circle, sadly. Illiquid tokens are like toxic.

[Genemind]

I'm also holding thousands of coins in my wallet but I don't consider them as useless coins. Some of them gain value in time and some provide a passive income upon holding. I know that these coins would rise and develop again once the market recovers again. I don't mind storing and holding a lot of them because I have faith that they could have good values in the future.

[Brainnin]

Hold up a little bit to the coin, with time I believe the token will come up. Am also holding many coins in wallet that are yet to make sense on exchange site.

[metalglowd]

Yes, me too. quite a lot of tokens that are useless, everything is beyond expectations. do not sell precious moments and then when we expect to sell also the price is not worth the transaction fee. The most worst that i ever feel is buy some illiquid tokens at ATH and then hope it will come back, but then the exchange should delist it

[Argoo]

Yes, I keep in my wallets a lot of tokens, received as a result of participation in the bounty campaigns ICO. However, it seems to me that it is still too early to conclude that many of them are useless. For the development of many projects need a long time, up to several years. Therefore, I do not lose hope. Of course, some of the tokens seem useless and we knew that this would happen. However, the rest of the tokens should bring us a good profit. In the world of cryptocurrency, losses are always unavoidable and need to be put up with.

[miklesm]

I store hundred of useless ERC-20 tokens from Bounties and Airdrops in my Ethereum. Unfortunately, there is no way to get profit with them - the most projects had issued such tokens are already dead.

[chocopapaya]

You could always create a dao (decentralized autonomous organization) focused on reviving projects.

Blockchain tech is open source and distributed.
That means that anyone can come in and revive and manage a coin.
Obviously, the vast majority of these illiquid tokens should just stay dead.
But your dao could focus on identifying projects that are actually really good but didn't make it because of the crash.

Pool together your resources, gather techies, veteran investors, miners, etc. and you could actually get dead projects going again.
This would not only provide value to the coin eventually but benefits the entire ecosystem at large.

There have been dead projects in the past that have been revived and gone on to be great projects.
A dao will ensure that the community surrounding it is kept alive.

[pushups44]

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

The best course of action is prevention - to purge tokens that are at high risk of losing liquidity or getting delisted from major exchanges. Fortunately I have shifted to higher quality projects, saving me from this predicament, but sadly I too have had to take losses from failed or abandoned projects. Investors must be very selective about the projects they choose to invest in.

[playboy654]

Not only me in this situation there are lots of people having the same useless files in the hands without any use with the investment but we cannot have any other option to sell them without any type of games so there is no way to sell other than holding it.  

[Danezu]

I have quite a lot of useless/dead coins, like most people. For some dead coins there is an interesting project, CoinJanitor. Unfortunately they have failed to materialize at least one buy-out till now.

[crazy-joe]

Yes Altcoins use to be the biggest scam of the 21st century.

[SwiggHeart]

I have invested totally in 3 projects and none of them are very worth it. That's why i recommend you guys to see the project first.

[KrakenZ]

I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.

That is right what you say. I also keep a lot of coins not moving and seems useless. The coin doesn't get a place on the market. Some of my coins become garbage in the market because the price is very low, far from the ICO price. When I hear the steps you take, I am very supportive. I'm sure if the steps you take find the best solution then the crypto currency market will improve soon. Indeed we must act immediately before the crypto currency market dies and these actions must be carried out by all parties.

[Adriano2010]

Even if you talk with big companies ot another people interested to buy, they will not buy a useless token because there is no development, and yes most of us have tokens on our Ethereum address which value nothing and also not worth burning them because the cost of gas, they will stay there forever.

[blokklanc]

We are holding valueless coins as they do not represent any value. They did not fulfill their promises,
having no real use case and majority of them won`t recover ever.

[last7minutes]

I sold them. Some of these tokens were exchanged. It is better to have fewer good altcoins than a bunch of useless stuff. Get rid of cheap cryptos that do not move up for a long time.

[nightl]

I did not manage to sell a lot of altcoins received for bounty while they were worth something.
As a result, my ETH address is similar to the graveyard of unused tokens =)