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Author Topic: Top 5 Crypto Coins With A Lot Of Promise That Never Made It  (Read 133 times)
JessicaVL
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August 06, 2019, 06:35:52 PM
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 #1

The cryptocurrency market is littered with what most people call “dead coins”. These are cryptocurrencies that exist with almost no market value mostly as a result of insignificant network effect.
Several reasons could lead to a cryptocurrency becoming a “dead coin”, even though in the actual sense it is difficult to establish that a coin is completely dead. Some of these reasons include the disappearance of a project team, inability to follow through on promises, bad management, conflict within a project’s community and outright scam.
In the past decade that cryptocurrencies have existed, many coins have fallen into this category. Let’s take a look at the top 5 cryptocurrencies with a lot of promise that never made it.

5. SpaceBIT
The goal of SpaceBIT, at least what was communicated to the public, was to create a blockchain product that will launch several nano-satellites into space providing a globally accessible blockchain.
This idea was made known to the public in 2014, and news about it was still all over the blockchain industry into 2015 and the community waited with palpable enthusiasm.
Everyone looked forward to the project until the propagators went silent. Reports indicate that the SpaceBIT team diverted into another project, BlockVerify. This took their attention off SpaceBIT and it became an abandoned project till date.

4. GEMS
Gems, which later became “GetGems” tried to build a decentralized social app that will reward users for viewing advertisements within the app. At the time, the project team described it as the eventual disruptor of social media as we knew it.
Unfortunately for Gems, a failed crowdsale exercise in 2014 discouraged the team and community over the planned execution. Only $111,000 was raised during the crowdsale, in an ecosystem that similar projects were raising millions of dollars.
The team continued with the development of the project still, but adoption level is nothing to write home about.

3. DOGECOIN
Also created in 2014 in what looked like an unserious ambition, DOGE became a cryptocurrency that was used by its community for charitable causes. A popular case was when it was used to raise funds to sponsor the Jamaican bobsled team to the winter Olympics. This act boosted publicity for the coin and it grew.
Unfortunately, the Dogecoin exchange crashed, and the founder, Alex Green vanished with all the funds. That was it for DOGE which still exists today, but in a crashed mode with almost nothing to show for its past performance.

2. PAYCOIN
Paycoin fell really hard in 2015 after its founder Josh Garza fled the US while being investigated for fraudulent activities surrounding the project. The journey of Paycoin started in 2014 with a beautifully crafted whitepaper that attracted a sizeable community.
With GAW miners, who were in partnership with Garza at the time, failing to follow through with its promises, things began to go south for the project. GAW finally shut down in 2015, leading to investigation by the authorities, which led to the fleeing of Garza as mentioned above.
The community that Garza left behind have tried to revive the project, all to no avail.

1. DAO
Ethereum’s DAO breach of 2016 remains the biggest fail so far in the cryptocurrency industry. The promise of the Decentralized Autonomous Organization (DAO) was too good that its tokens were bought in droves during a crowdsale.
The over $168 million achievement in the DAO crowdsale was a record-breaking event. In June 2016, an attacker took advantage of a vulnerability in the DAO system and stole $50 million. This was the beginning of the end for DAO, as traders dumped the token.
Ultimately, this was what led to the eventual fork of Ethereum to create the new Ethereum platform with the Ether tokens, alongside the existing Ethereum Classic platform with token ETC.

Conclusion
Coin fails are common in the crypto world and a lot of investors are still suffering from the losses sustained from failed projects. However, things are beginning to change in the industry, with the CoinJanitor project determined to revive the so-called dead coins, bringing liquidity back to their owners.
The aim of CoinJanitor is to identify “dead” coins with large communities that are unable to trade their purchased tokens, helping users who have put money into the market, get money out. CoinJanitor restores the dead coins value through JAN coins, which can be traded on several exchanges. This is an interesting arrangement that will certainly draw the attention of a lot of investors in the cryptocurrency market.
https://coins.newbium.com/post/27568-top-5-crypto-coins-with-a-lot-of-promise-that-neve
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August 06, 2019, 07:13:19 PM
 #2

This coin janitor blurb on dead coins may want to consider updating its info -- doge is currently the #29th ranked coin with a capitalization of 357 million.

I wouldn't exactly call that a dead coin.

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August 06, 2019, 07:49:50 PM
 #3

I am active in crypto space for more than 3 years and if you are a fan of relatively newer projects i will suggest to have a close look at crypterium and atlant, both of them are in final stages of their platform and business development and their tokens are also undervalued especially have a look at atl tokens, i think both are legit projects with massive growth prospects.

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August 06, 2019, 09:49:04 PM
 #4

Among all mentioned, doge coin is my favourite. It is a coin that has shown remarkable growth all the while. At least, it is much better than so many out there.
I never though it could have such resounding performer. Even recently that it was listed on Binance. Just for the announcement made, it grew so well.

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August 07, 2019, 01:05:04 AM
 #5

But it looks like the list can be added with over one hundred crypto coins that made a lot of promises but they never try to update it until this time. Even you can find major coins which are not made its promises become a real thing and so far even if it's not a dead coin is also still doing it dude.
i thought that crypto that changed its promises can be included in this category.

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August 07, 2019, 01:44:17 AM
 #6

one thing you only need to do, dont trust anything LOl, be strategic anytime
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August 07, 2019, 01:52:41 AM
 #7

i thought doge was always just for lols, no? got big due its age, but what they actually promised?

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August 07, 2019, 08:39:46 AM
 #8

Why are you talking about Dogecoin?
Even they do nothing, price is growing  Grin.  John McAfee and Elon Musk are talking about Dogecoin, so it means that Dogecoin is alive and maybe it is good enough without any development  Tongue.



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August 08, 2019, 05:30:43 PM
 #9

If we are to mention all potential coins that never made it, we have lots of them. In the market and these is what the newer coins copied thinking they could do better than those failed projects but still at that, they still come up with dead projects. I agree with you that most of these listed coins actually had a very promising future when they were first launched most especially Dogecoin, although doge coin developers are still doing their possible best to see that they keep the project alive.

In fact one of these projects that is out of your list is Coss, coss was really a very promising project, but most of them all went down suddenly, I still believe that there can be a revival for most of them, let us see what the next altcoins season will do, it could lift them up again.

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August 12, 2019, 09:49:21 AM
 #10

Those are all great coins, but I prefer to give more chances to fresh crypto assets, that entered the market during bad days. Those have not yet experienced any bullish trend and in my opinion would be the most pumped tokens during another hype wave.

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August 12, 2019, 10:23:35 AM
 #11

All of the projects that you mention are just a small part in thousands of cryptocurrency that exist today. and still most of them are not yet fulfilled its promises back in ICO days, lets just accept the fact and the reality of crypto projects is not perfect and subjected to flaws. im suggesting that if we still believe the project that we are supported its simple lets continued to be positive. Dogecoin was one of the best example so they should copy what dogecoin did to survive in the long run.

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August 12, 2019, 02:42:33 PM
 #12

This coin janitor blurb on dead coins may want to consider updating its info -- doge is currently the #29th ranked coin with a capitalization of 357 million.

I wouldn't exactly call that a dead coin.

I agree! Those coins mentioned by the OP are already in the grave except for DOGE - being the first meme coin which has enjoyed its popularity and  support by the crypto-community. DOGE was never meant to demonstrate technical superiority over its contemporaries but rather helped in promoting cryptocurrency awareness and adoption which up to now has continued to serve its purpose. In contrast, there are a handful of promising crypto projects that has faltered and should instead be included in the list of coins mentioned above. Imho.
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August 12, 2019, 02:53:43 PM
 #13

AFAIK they're not just 5 but somehow maybe 80%-85% of all tokens out there did the same with the promising thoughts they showcase when starting the project. And to be honest why does Dogecoin mention in this  list?

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August 12, 2019, 03:03:09 PM
 #14

AFAIK they're not just 5 but somehow maybe 80%-85% of all tokens out there did the same with the promising thoughts they showcase when starting the project. And to be honest why does Dogecoin mention in this  list?
It's about 90-95% maybe, most of them only giving fake promise and after ICO ended, they will vanished all of ICOs money.
Dogecoin was created for fun only, not sure why its on the list. Did dogecoin ever promised their investor something?

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August 12, 2019, 03:37:28 PM
 #15

The cryptocurrency market is littered with what most people call “dead coins”. These are cryptocurrencies that exist with almost no market value mostly as a result of insignificant network effect.
Several reasons could lead to a cryptocurrency becoming a “dead coin”, even though in the actual sense it is difficult to establish that a coin is completely dead. Some of these reasons include the disappearance of a project team, inability to follow through on promises, bad management, conflict within a project’s community and outright scam.
In the past decade that cryptocurrencies have existed, many coins have fallen into this category. Let’s take a look at the top 5 cryptocurrencies with a lot of promise that never made it.

5. SpaceBIT
The goal of SpaceBIT, at least what was communicated to the public, was to create a blockchain product that will launch several nano-satellites into space providing a globally accessible blockchain.
This idea was made known to the public in 2014, and news about it was still all over the blockchain industry into 2015 and the community waited with palpable enthusiasm.
Everyone looked forward to the project until the propagators went silent. Reports indicate that the SpaceBIT team diverted into another project, BlockVerify. This took their attention off SpaceBIT and it became an abandoned project till date.

4. GEMS
Gems, which later became “GetGems” tried to build a decentralized social app that will reward users for viewing advertisements within the app. At the time, the project team described it as the eventual disruptor of social media as we knew it.
Unfortunately for Gems, a failed crowdsale exercise in 2014 discouraged the team and community over the planned execution. Only $111,000 was raised during the crowdsale, in an ecosystem that similar projects were raising millions of dollars.
The team continued with the development of the project still, but adoption level is nothing to write home about.

3. DOGECOIN
Also created in 2014 in what looked like an unserious ambition, DOGE became a cryptocurrency that was used by its community for charitable causes. A popular case was when it was used to raise funds to sponsor the Jamaican bobsled team to the winter Olympics. This act boosted publicity for the coin and it grew.
Unfortunately, the Dogecoin exchange crashed, and the founder, Alex Green vanished with all the funds. That was it for DOGE which still exists today, but in a crashed mode with almost nothing to show for its past performance.

2. PAYCOIN
Paycoin fell really hard in 2015 after its founder Josh Garza fled the US while being investigated for fraudulent activities surrounding the project. The journey of Paycoin started in 2014 with a beautifully crafted whitepaper that attracted a sizeable community.
With GAW miners, who were in partnership with Garza at the time, failing to follow through with its promises, things began to go south for the project. GAW finally shut down in 2015, leading to investigation by the authorities, which led to the fleeing of Garza as mentioned above.
The community that Garza left behind have tried to revive the project, all to no avail.

1. DAO
Ethereum’s DAO breach of 2016 remains the biggest fail so far in the cryptocurrency industry. The promise of the Decentralized Autonomous Organization (DAO) was too good that its tokens were bought in droves during a crowdsale.
The over $168 million achievement in the DAO crowdsale was a record-breaking event. In June 2016, an attacker took advantage of a vulnerability in the DAO system and stole $50 million. This was the beginning of the end for DAO, as traders dumped the token.
Ultimately, this was what led to the eventual fork of Ethereum to create the new Ethereum platform with the Ether tokens, alongside the existing Ethereum Classic platform with token ETC.

Conclusion
Coin fails are common in the crypto world and a lot of investors are still suffering from the losses sustained from failed projects. However, things are beginning to change in the industry, with the CoinJanitor project determined to revive the so-called dead coins, bringing liquidity back to their owners.
The aim of CoinJanitor is to identify “dead” coins with large communities that are unable to trade their purchased tokens, helping users who have put money into the market, get money out. CoinJanitor restores the dead coins value through JAN coins, which can be traded on several exchanges. This is an interesting arrangement that will certainly draw the attention of a lot of investors in the cryptocurrency market.
https://coins.newbium.com/post/27568-top-5-crypto-coins-with-a-lot-of-promise-that-neve
Having lots of altcoin doesn't work like their ideas in whitepaper. About 95% failed when it could not be developed like the original. Currently the altcoin market is dying because they cannot have products and apply it to reality.
taufik123
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August 12, 2019, 03:56:21 PM
 #16

I have a large collection of crypto coins that only make promises and have no development. even once invested in a coin that until now there is no market. as a bounty hunter it is common for such things. but now that it's been developed using IEO, it's getting better and knowing about good coins and it's serious to develop them.

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