Any use for failed cryptos?

[Cling18]

I have lots of failed coins and I thought that holding them would bring me a better profit but I've learned from that mistake. I tried focusing on coins with good potential and value. I stopped hoping that dead coins would still recover in time. Well, we can't deny the fact that it's hard to determine if a coin would recover in time or not.

[restuibu]

previously I never heard of the project you mentioned but if I see from the many projects that fail/die their tokens/coins will never be valuable. because there are no activities on the project, the team definitely left the project

[Mpamaegbu]

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.

Honestly, it used to puzzle me what Ether and Forkdelta were doing with those seemingly dead coins then. Perhaps, they bought in hope that those projects will be revived and then have nice volume. Well, it seems that didn't happen in most cases and like some of us they too bagheld worthless tokens. OP, you aren't the only one in this dilemma. Count your loss and move on.

[studio1one]

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

Nope you can either burn those or keep holding them which won't result in anything. please note sending tokens to burn addresses will cost you transaction fees.

[Mianae]

Once a project fails either by going bankrupt or exit scamming, the tokens becomes usess at that moment. If such token is listed on any exchange, the exchange will delist it. There's nothing one can do with a failed project token we have to learn from not holding any token.

[Ann Impas]

At this point, the only thing you can do is just HODL it, There's no point of selling it for $5 it will just barely cover the fees. So by experience, Just hold it and forget about it. then wait for maybe 2-5 years and there's a pretty good possibility that the coin that failed became bullish. So instead of selling it for $5 you can sell it depending the price. the sky is the limit i guess.

[timmmers]

There were some attempts that someone will buy your coins and then try to contact the team and if team doesnt respond, then he would take legal action.
There is a big problem that we do not take legal actions against scam ICOs or IEOs so they do not have any problems when they take our money and leave the project.

[Mister.Satan]

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

Most likely no use for them unless there are rumors of another team will to take over and revive those cryptos. I saw one thread about someone who want to take over a dead project in so it isn't impossible.

[judeafante]

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

Nothing, nada, zero you just have to get used to it, I have over 30 useless tokens in my wallet and I just go on, nobody is buying a useless token if there is no market anymore, gone are the days when you can create a token and people will be coming in to partake of that coin, it's over now, investors are wiser now.

[Chuky92]

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

These are the ones you could remember, there are many of these projects littered around the crypto space whose team are having the best time of their lives now from scamming investors. There are even others who still not listed but keeps saying they are working on their platform when it's obvious they just played their investors. So in essence, there are many ways through which investors were scammed, therefore any coins or tokens which is considered dead is dead and should be overlooked henceforth, thus there is no use for these ones aforementioned.

[palle11]

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.

Honestly, it used to puzzle me what Ether and Forkdelta were doing with those seemingly dead coins then. Perhaps, they bought in hope that those projects will be revived and then have nice volume. Well, it seems that didn't happen in most cases and like some of us they too bagheld worthless tokens. OP, you aren't the only one in this dilemma. Count your loss and move on.

This is virtually the story of many crypto hodlers in the past and evening now. Some wallets are just loaded with worthless tokens. So many are acquired from scamming bounties, after much labour with expectation for better profit but all in vain.
It is even more painful when a hodler buys those shit from these exchanges without having an sign that they are almost forgotten project as a new investor.
The mess is still on as more shit project seem unstoppable.

[Retainly_Collie]

previously I never heard of the project you mentioned but if I see from the many projects that fail/die their tokens/coins will never be valuable. because there are no activities on the project, the team definitely left the project

In my wallet there are more than 200 different altcoins, and all of them died between 2018 and 2019. There are too many scam projects and failures in this market, and if someone invested in them, surely they got a bad result

[TheGreatPython]

When devs run away from the responsibilities, we cannot do anything about the balances in our wallet nor in the addys like ethereum or tron. We need to get practice to live among them. If we are not careful then scammy devs will keep on attempting to loot from us in terms of promising coins/tokens like this only.

After seeing major portion of my hard earned money got into zero value, I somehow got frustrated and decided to never go for investing with any of altcoins. Because, I am choosing most of the coins/tokens after week long due diligence still I could not avoid scammers. Like someone mentioned here on this forum, scammers are nowadays coming up with more smart attempts which makes us to fail with our due diligence. Just staying away could be the only possible solution.

[kentrolla]

I can certainly understand how frustrating this could be if this happens, after doing loads of work if we didn't deserve anything that could be the saddest part. However a lesson will be learnt for sure and we should avoid such mistakes in future projects, scammers will be everywhere we need to be very careful and go ahead.

[kayvie]

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

Unfortunately, there is no more use for that kind of token. That will remain in your wallet and there is nothing to do with it because there is no such project that was able to recover after it fails, what developers do was actually to build a new project and forget about the previous failure project.

[Vishnu.Reang]

Oh trust me. Dead coins are just dead. They are not going to get revived in the future. I have followed dozens of such coins (and tokens) and in not even one case these coins got revived. Developers are not interested in dead and dormant coins. Rather than going after these coins, they would just create a new cryptocurrency, which gives them the premine advantage.

[Davian144]

previously I never heard of the project you mentioned but if I see from the many projects that fail/die their tokens/coins will never be valuable. because there are no activities on the project, the team definitely left the project

Yes, I have never heard of this Synereo / Hyperspace (AMP) project, maybe this project has never made a fundraiser through ICO or IEO so we have never seen this project before, and if it is dead then the team will obviously leave the project this and no one else will care about the project.

[istiak2277]

I think there is no use of this type of project. I think this type of project can be a great example of an upcoming project and people can learn from those project mistakes. It's becoming very common in the crypto world that many projects failed due to a lack of investors and any real use in real life. A project with no real-life use or development naturally loses its value in time.

[takana212]

It seems that it will only be a display in your wallet, because dead tokens have no price and no one wants to buy them, for the next stage first analyze the project before participating in it.

[Zeke_23]

You better forget looking any use for that token. Once a coin was dead, it will be forever be dead. There will be no one who will be interested on a dead project that's why it is now useless. No use, no function or anything that makes it useful to you and to anyone who hold the same token.