It was when ICO was first introduced that we never understand that it was possible to have a shitcoins, but as time goes by, everything became clear on how the shitcoins do operate and this is one of the features of a shitcoins that you have stated here, if they have not updated their code for that long, then that automatically shows that they have already turned shitcoins, because a serious project will update its project and constantly update its users and investors from time to time.
For Yobit, that is the main house of shitcoins, and it amazes me how people could still be using that exchange that is being owned too by a scammer which is why they have been allowing more of shit ICO and IEO on their project. People giving chances to these projects are even the major problem that we have today.
Topic: Over 2000 Projects Reviewed – 640 have not published a single Code in 2019 (Read 489 times)
October 17, 2019, 12:39:45 PM
October 16, 2019, 07:09:24 PM
It's not really surprisingly because, majority of these coins are not existing anymore, no websites, no volume in the market anymore, you cannot expect their developers to do an update anymore, some coins do not have a github account at all.
CoinCodeCap is another good reference for investors and traders to see and check what coins are active in their development, and continue to upgrade and update their github, I'm surprised to see libra Coin in the number 7 spot, with 78 commits.
CoinCodeCap is another good reference for investors and traders to see and check what coins are active in their development, and continue to upgrade and update their github, I'm surprised to see libra Coin in the number 7 spot, with 78 commits.
October 16, 2019, 06:59:27 PM
Very good info thanks to sharing very important news about all scammed projects and also about shit exchanges. These scammers are affecting badly on crypto market day by day, Must there should be some strick measurements to avoid such type scam projects in the future.
You're welcome. I had to make a thread here to inform the community. While it will be hard to spot a project that aren't gonna exist scam or end up milking people off. This would provide heads up nd a lesson for anyone (like myself) that invested, Ar least You should know some things tio lookout for. That said, Oe should be more careful. Even IEO projects are like those ICO projects.
October 14, 2019, 07:25:56 AM
Very good info thanks to sharing very important news about all scammed projects and also about shit exchanges. These scammers are affecting badly on crypto market day by day, Must there should be some strick measurements to avoid such type scam projects in the future.
October 14, 2019, 07:14:19 AM
Not surprising, because even more projects are still working, or only announcing their working product. In my opinion we are coming back to times when it was enough to make a good website and a whitepaper to collect funds, which is disappointing.
October 14, 2019, 05:01:50 AM
There are many projects like these especially new one. Not every one is familiar with github, an open source code for their notes. Actually it is quite easy to use, if all crypto enthusiast knows how to use it then many projects can be easily flagged as scam and could be a basis of their progress. You could actually compared which is the one really working on the project and the one who is only focus on trading.
If the project isn't developers aren't familiar with version control concepts and systems like git and github then they aren't competent enough. Such projects really need refined senior developers in their team. So that's not an excuse no to show progress and early platform releases prior to the main, stable platform release. Crowdfunding shouldn't be difficult than it is today. If you can't take your promises, don't make one. I frown at projects that collect funds and then do nothing.
October 13, 2019, 11:16:42 PM
I think people are taking this a bit differently, just because the project hasn't published new code, doesn't mean it has been stopped or become a scam project, there are a couple of projects that have been focusing on marketing and more mainstream adoption, and they wouldn't need new code for that stuff.
Although, to be fair, there where a lot of ICOs from 2017 and 2018 that have become failures in the last years due to the market, and sometimes themselves, and it's quite sad to see.
Although, to be fair, there where a lot of ICOs from 2017 and 2018 that have become failures in the last years due to the market, and sometimes themselves, and it's quite sad to see.
Its been opposed by many of the people because it doesn't stand the way how decentralization should be. When Satoshi open his code and make it opensource for the public to see, its also open the possibilities of more projects which we are now into this cryptospace. The projects using blockchain has the obligation to give back to the community what was given to them for free for being opensource. What stop those projects from abusing if they aren't revealing the source code they have? When it comes to money (cryptocurrency) greed will come and its not surprising these closed github projects will become scam on day.
October 13, 2019, 10:21:40 PM
That is terrible statistic. I do not understand, when you raise millions of dollars you have problem to pay programmers to code atleast something?
Sometimes the project creator are not concerned about the coding things, or even don't know about the coding thing.
they just want to list their coins into exchange then dump it by theirself, those are many project fail scenarios
October 13, 2019, 10:12:30 PM
I think people are taking this a bit differently, just because the project hasn't published new code, doesn't mean it has been stopped or become a scam project, there are a couple of projects that have been focusing on marketing and more mainstream adoption, and they wouldn't need new code for that stuff.
Although, to be fair, there where a lot of ICOs from 2017 and 2018 that have become failures in the last years due to the market, and sometimes themselves, and it's quite sad to see.
Although, to be fair, there where a lot of ICOs from 2017 and 2018 that have become failures in the last years due to the market, and sometimes themselves, and it's quite sad to see.
October 13, 2019, 10:07:31 PM
There are many projects like these especially new one. Not every one is familiar with github, an open source code for their notes. Actually it is quite easy to use, if all crypto enthusiast knows how to use it then many projects can be easily flagged as scam and could be a basis of their progress. You could actually compared which is the one really working on the project and the one who is only focus on trading.
October 13, 2019, 09:34:19 PM
You're perfect right! Most of the projects from 2019 have barely published a single Code line until now and yet they want more money for further development. I also post some hours ago 2 cases of 2 projects , 1 who pulled recently an exit scam and the other one left the project into community hands and those are just 2 examples from the hundreds you can find online. I hope most of you know that are hundreds of projects who are not listed on coinmarketcap and yet they gathered money from investors without any reasons to give anything back.
The lack of development is a bad thing but not fatal as long as there is someone still working on it and a CEO who is responsible for the project but when there is no one left on it anymore , the project will sink very fast leaving the investors with coins that have no value and nowhere to be traded. That articles sums up the perfect situation of the most project who had ICO's after the bull run ...dead projects who are now abandoned.
The lack of development is a bad thing but not fatal as long as there is someone still working on it and a CEO who is responsible for the project but when there is no one left on it anymore , the project will sink very fast leaving the investors with coins that have no value and nowhere to be traded. That articles sums up the perfect situation of the most project who had ICO's after the bull run ...dead projects who are now abandoned.
October 13, 2019, 08:28:47 PM
Apologies for the long thread title. Btw, I recently came across a report by CoinCodeCap and I found it fascinating and want to share with others o'er here.
Here are the key findings :
Main findings –
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
Here are the key findings :
Main findings –
Quote
More than 640 cryptocurrencies did not publish any code in 2019.
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
I also reached this information today. No code means these projects are dead? Or Project team just waiting a bull market for adding new codes?
It is not easy to answer, but it is easy to say that both situations are sux.
You believe a project, a project team = group of people, and you invest on them. As a result you get nothing. They may disappear, may wait the bull market which can come 1 years later. Or 2 years?
It is why IEOs are a good for community. I am not talking about the prices of the coins. Talking about the project development. Exchanges are following these IEO project closely to make sure that they chose the right projects for their exchanges.
We can complain about the prices of the IEOs last 1.5 month, but we can not complain about the project teams of IEO projects.
October 13, 2019, 07:41:32 PM
It's because most of them are just scams. Even they give codes. Some of them just copy-pasted some codes just to say they have made their own codes. It's funny how people invested in some projects without seeing their working products. They just investing based on hype circling around the internet. In the end, they are suffering because they scammed by them. No wonder why governments are trying to shut down cryptocurrency. Do proper research first before investing.
October 13, 2019, 07:22:03 PM
Lack of funds is actually a problem (Funds mismanagement is the root) . Not all those ICOs peaking in 2017 exit-scammed. Most just didn't manage their funds right. They got caught up in the whole ico-frenzy and used up funds raised to the extent that there's no money to psy the actual platform developers (I'm an aspiring developer so I know this and if developers aren't paid, they leave) and then everything falls apart. This is a major reason why most startups failed - Crypto funded (ICO) or traditional businesses/startups.
True, and before they know it, funds are dwindling that's why are early as May 2018 there are reports that projects themselves has to dump their ETH in order for the project to survived. And this is one of the reasons why ETH suddenly went on a downward spiral. I guess, no one really anticipated the long bearish trend. But we can't blame them, there was no ICO prior and most of them born during the last bullish run so no one really knows how to react or at least long at the long term.
And I think IEO startups are beginning to follow same part and It's not helping because there are legit/serious projects that can bring new stuffs to the table but no way to raise funds as the ico bubble has bursted and IEO trend seems to be coming to an end.
It's going to be cyclical I guess, if those IEO projects are not careful with their funds then they will suffer the same fate as their predecessors.
October 13, 2019, 06:35:09 PM
The majority of coins that are live on coinmarketcap would disappear in 5 years, because they are suffering from lack of money, strategy and competent management. Besides, 70 percent of coins are not backed by a working product.
Lack of money is an old reason to leave from all of the responsibility of developers to the investors. This already happened since the ico trend has begun in the past. Remember about the latest audit from some trusted parties and more than 80% of ICOs are scam icos or these icos have no competences to create products.
These scam icos have been selling the idea only even that's a nonsense idea.
Lack of funds is actually a problem (Funds mismanagement is the root) . Not all those ICOs peaking in 2017 exit-scammed. Most just didn't manage their funds right. They got caught up in the whole ico-frenzy and used up funds raised to the extent that there's no money to psy the actual platform developers (I'm an aspiring developer so I know this and if developers aren't paid, they leave) and then everything falls apart. This is a major reason why most startups failed - Crypto funded (ICO) or traditional businesses/startups.
And I think IEO startups are beginning to follow same part and It's not helping because there are legit/serious projects that can bring new stuffs to the table but no way to raise funds as the ico bubble has bursted and IEO trend seems to be coming to an end.
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September 30, 2019, 02:02:28 AM
The majority of coins that are live on coinmarketcap would disappear in 5 years, because they are suffering from lack of money, strategy and competent management. Besides, 70 percent of coins are not backed by a working product.
Lack of money is an old reason to leave from all of the responsibility of developers to the investors. This already happened since the ico trend has begun in the past. Remember about the latest audit from some trusted parties and more than 80% of ICOs are scam icos or these icos have no competences to create products.
These scam icos have been selling the idea only even that's a nonsense idea.
September 30, 2019, 12:46:54 AM
Apologies for the long thread title. Btw, I recently came across a report by CoinCodeCap and I found it fascinating and want to share with others o'er here.
Here are the key findings :
Main findings –
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
Among other things, this excellent site has a scam section, and I would strongly advise everyone investing in altcoins to study it. For example, there is a very hype project EGT with a market cap over $370 Million, and yes - it's pure scam.Here are the key findings :
Main findings –
Quote
More than 640 cryptocurrencies did not publish any code in 2019.
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
Egretia was an average project from its beginning. I was shocked by seeing the sudden massive hype when EGT entered in the top 50 currency. But I would not say they are totally scamming. Because Egretia telegram, twitter, medium all social profile updating its community, just checked their twitter handle, they are making partners. Though it can be eye wash. I was an EGT holder before the hype.
September 30, 2019, 12:38:04 AM
The crypto industry is filled with lots of fascinating ideas, not by real products. This year many good projects came, we supported them, more will come. But after two years, the scenario will be changed. Most of the projects are dead or scam which came in the previous year. That's why altcoins are failing to impress us. All the project has big ambitions, but later they become scammer or dead projects. 640 projects did not publish any code, but in other 1360 projects, you will see almost 500 projects published not helpful codes for the project!
September 29, 2019, 11:52:35 PM
Apologies for the long thread title. Btw, I recently came across a report by CoinCodeCap and I found it fascinating and want to share with others o'er here.
Here are the key findings :
Main findings –
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
Among other things, this excellent site has a scam section, and I would strongly advise everyone investing in altcoins to study it. For example, there is a very hype project EGT with market cap over $370 Million, and yes - it's pure scam. Here are the key findings :
Main findings –
Quote
More than 640 cryptocurrencies did not publish any code in 2019.
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
Yobit is top exchange for these coins, list 62 such coins.
The combined market cap of these cryptocurrencies is more than $415 million. (415,341,340)
Proton Token with the highest market cap (84,989,086) has not published any code since 2018. (This data is from Nomics APIs)
What's more interesting is that, Majority of these projects were launched in 2017 with a truck load of promises. Today, The story is different.
What's your thoughts on this? Feel free to share.
For further Reading : https://blog.coincodecap.com/analyzing-cryptocurrencies-github-activity/
September 29, 2019, 07:02:47 PM
That is terrible statistic. I do not understand, when you raise millions of dollars you have problem to pay programmers to code atleast something?
It seems to be the case. Don't forget most of these startups have bad financial management. Immediately after raising millions, They abandoned their community channels, go dark.... Doing what? You may wonder. All they do is to move to bigger houses, get better cars. That's all. Because If the developers have been paid and the income is still flowing, They don't have any reason not to push codes.
Ome more thing, As you're already aware most projects are vaporwares and can't deliver on their promises.
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