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Author Topic: Any use for failed cryptos?  (Read 960 times)
depro2 (OP)
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June 12, 2020, 03:54:33 PM
 #1

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
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June 12, 2020, 03:58:58 PM
 #2

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

The only thing you can do with failed coins and project is to learn not repeating the same mistakes for both projects and investors.
There was a service called coinjanitor that promised buying dead coins but the irony is the project itself has gone dead.
The best thing is to move on and forget what is already lost.

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June 12, 2020, 04:04:14 PM
 #3

There cannot be anything we can do out of failed cryptos. In recent times, I have seen a discussion about how to remove dead tokens from ethereum addy; I conclude that dead tokens are becoming a problem like spam thanks to ethereum and and their innovation of smart contracts. I'm not kind of person blaming technology for human's mistake but at the same time ethereum and their intensive support to host ICO definitely led to end of interest for many people here. Yes, ethereum is not the first coin to offer platform for smart contract.

The only thing you can do with failed coins and project is to learn not repeating the same mistakes for both projects and investors.
At least for the prices we had paid for those coins/tokens, we should remember those lessons. Unfortunately people are known for forgetting lessons and repeating mistakes and this is the reason for scammers are still existing.
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June 12, 2020, 04:14:51 PM
 #4

There is no further use of the failed project cryptos like the Synereo Amp that you have mentioned here. I also had AMP in my portfolio and bought it in 2017 in very high price but now this coin has not a single penny of value. Like this coin there are many cryptos are also dead due to their project failure.
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June 12, 2020, 04:18:59 PM
 #5

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

I remember like 2 years ago there was a time when we were able to exchange all these slow, shady or even dead tokens at decentralized exchanges like etherdelta or forkdelta but then etherdelta was not able to sustain while forkdelta now is also struggling to stay up and has very little to no volume which basically means that now there is no more liquidity available for most of the tokens their as well, so if you want to never see these useless tokens you can send to the burn address otherwise just let them sit in your wallet as a memory.

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June 12, 2020, 04:22:22 PM
 #6

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

There is definitely no use for any defunct projects, the tokens remain worthless and offer no importance to the crypto currency space, likewise, once a project fails, the token dies.

But as a newbie, you need not worry about failed projects at all, the best you can do is to dyor, focus on the basics and learn fast the principles of crypto trading.
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June 12, 2020, 04:25:53 PM
 #7

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

if the tokens / coins you are referring  doesn't have exchange to trade it then no, there is no way you can still use that coins unless the project owner still working and planning to add it in exchange so it will have the demand .

If its abandoned by  the project  owner then you can say it now that it is just a trash on your wallet .

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June 12, 2020, 04:31:54 PM
 #8

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

The only thing you can do with failed coins and project is to learn not repeating the same mistakes for both projects and investors.
There was a service called coinjanitor that promised buying dead coins but the irony is the project itself has gone dead.
The best thing is to move on and forget what is already lost.
There are other services like coinjanitor that claims they buy dead coins for their own tokens but most of them are dead, I don't understand how they tend to survive buying dead coins, it's same use case as Bags token
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June 12, 2020, 04:40:19 PM
 #9

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

Just move on if the coin has stopped developing or the dev run away with investor's money, just report it, in the scam section, there's not much that we can do, scammers are like they run away and delete everything, this is a lesson learned to all investors to always do diligent in any project that you are going to invest.
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June 12, 2020, 04:41:13 PM
 #10

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
Not really. If they have like few cents left in values, then sell them (but I doubt anyone is going to buy those). They will soon come down to like 1 sat each and no one will be buying them. All you can do is make a collection of "shit coins".
Hope you learned a lesson from it. Next time make sure you never invest on those unknown tokens with no potential

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June 12, 2020, 04:51:54 PM
 #11

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
If what you mean by this is if you can still obtain some money out of them then the answer is no, however you can still make use of them in different ways, the first one is if you are one of the people that invested in a failed token then you need to learn from this experience so you do not repeat the same mistakes, and if you cannot do this then you need to give up investing in new coins, another use for those coins is if you are developer then you can look at them and avoid making the same mistakes, and if you are trying to develop something similar then you could even take a look at the code and see what was right and wrong with it so your project is way better and avoids the same fate.
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June 12, 2020, 04:55:18 PM
 #12

You've already get the answer, you called the crypto failed, what good can come out of a failed crypto coin? And that's why we can't see any dead coin that turned better after some developers revive them, once they are dead it's the end.

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June 12, 2020, 04:57:24 PM
 #13

Once failed, it's already dead. There's no hope for these failed cryptocurrencies that you have, sorry to say but just accept the fact that you have lost your money with them if ever you have invested money on it. The amount that you have put in it can be treated as a lesson that you have learned.
Think of it like that and you won't feel bad.

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June 12, 2020, 05:12:10 PM
 #14

You've already get the answer, you called the crypto failed, what good can come out of a failed crypto coin? And that's why we can't see any dead coin that turned better after some developers revive them, once they are dead it's the end.

Just another memory of the thousand useless coins and projects that we had, there's no use on that coin now, this is one of the problem in the Cryptocurrency coins are coming and coming out and they are failing and losing support from investors, so always on the look if the coin you bought is going useless so you can dump it right away.

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June 12, 2020, 05:16:00 PM
 #15

There is no hope left for any failed coin or token, once they are dead they stay dead, I'd suggest you just move on and find better altcoins, top altcoins tend to stay alive longer than low market cap altcoins, do your own research

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June 12, 2020, 05:17:09 PM
 #16


There is no use to it anymore but adds to your collection in your wallet. It's just like the scam tokens in our Etherwallet, we can't just do something about it. We can send it to another wallet but that's just it nothing is earned so just leave it there and forget about it. Its not listed to any exchange.
Bounty hunters have more tokens in their wallets that are useless too.

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June 12, 2020, 05:19:42 PM
 #17

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?

Yes, they can be included in this list, https://deadcoins.com.

Seriously, common sense dictates that can there are no used for them anymore. Perhaps we can learn from their mistakes or developers look at what they failed and not create similar projects with no use case at all.

And I would say that majority of coins/tokens that has been hype around 2017 could be dead by now or in the process of dying.

 
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June 12, 2020, 05:25:30 PM
 #18

Well, this reminds me of my ERC20 wallet that full of decorative dead token/coin. All of them are no use even hitting on the exchange, it's totally dead and no value. Crypto failed project is considered as a dead coin/token to me, --just leave it and move on if don't have value. But if on the exchange nut you have lost from your investment, sell them all if you see that there is no potential of those coins.

Indeed, all of us has been perhaps experienced this especially on slack year which is year 2018. There is nothing we can is to accept the fact, this belonged to risky parts that we must understand in crypto investing. Not all are happily ever after. Smiley









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June 12, 2020, 05:27:41 PM
 #19

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
If it is dead means then there will be no further use from that projects that is why we call them as failed projects.Even you need to pay gas fee to move the valueless tokens from your wallet.

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June 12, 2020, 05:47:44 PM
 #20

Any use for coins/tokens of defunct projects like Synereo/Hyperspace (AMP) and others?
It's totally worthless and trash or just a decoration to our wallet. You can send it to other wallet or you just keep it as a remembrance to that project. It is also a reminder and lesson not to join project wothout studying it first.

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