Nearly Half of 2017's Cryptocurrencies Have Already Failed
Nearly Half of 2017's Cryptocurrencies Have Already Failed
Published on February 25, 2018 at 04:00PM
An anonymous reader shares an Engadget report: The surging price of bitcoin (among others) in 2017 led more than a few companies to hop on the cryptocurrency bandwagon with hopes of striking it rich almost overnight. Many of their initial coin offerings seemed dodgy from the outset... and it turns out they were. Bitcoin.com has conducted a study of ICOs tracked by Tokendata, and a whopping 46 percent of the 902 crowdsale-based virtual currencies have already failed. Of these, 142 never got enough funding; another 276 have either slowly faded away or were out scams.
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Published on February 25, 2018 at 04:00PM
An anonymous reader shares an Engadget report: The surging price of bitcoin (among others) in 2017 led more than a few companies to hop on the cryptocurrency bandwagon with hopes of striking it rich almost overnight. Many of their initial coin offerings seemed dodgy from the outset... and it turns out they were. Bitcoin.com has conducted a study of ICOs tracked by Tokendata, and a whopping 46 percent of the 902 crowdsale-based virtual currencies have already failed. Of these, 142 never got enough funding; another 276 have either slowly faded away or were out scams.
Read more of this story at Slashdot.
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Nearly Half of 2017's Cryptocurrencies Have Already Failed
![Nearly Half of 2017's Cryptocurrencies Have Already Failed]()
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February 25, 2018
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