1,000 Failed Crypto Projects

According to Coinopsy and DeadCoins, 1,000 projects have failed in2018.

The sites track blockchain projects that fail, either because they are total scams or simply unviable. The sheer number of failed projects underscores the ease with which blockchain projects are able to raise funds via token sales.

The temptation of huge potential returns in the crypto market are causing many individuals to lower their due diligence efforts.

However, roughly 50% of ICOs in 2017 failed to reach their soft cap, which does suggest that many dud projects are not receiving funding in the first place.

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there are a bunch of random cryptos out there that aren’t backed by anything, so invest wisely