The Dead Coins project has been given another chance by the BTC Educational portal 99Bitcoins as it is the newly appointed undertaker of the industry as we are reading more in our latest crypto news.
99Bitcoins took over the Dead Coins project which provides a graveyard for more than a thousand dead cryptocurrencies by breathing some life into the project by ensuring the list is accurate by removing the joke burials for Tron, Doge, Tether, and Bitcoin. Deadcoins.com was launched back in 2017 to document the crash and burn off hundreds of altcoins that materialized off the back of the ICO boom that same year. 99Bitcoins was founded in 2013 to offer a practical and non-technical guide to the new BTC.
The list of the dead cryptocurrencies is a good companion piece to the 99Bitcoin highly referenced BTC Obituaries page which records each time the media claims that BTC died. Up to this day, BTC died 399 times. The newly cleaned-up Dead coins page reported 1559 dead coins as of the time of writing. In a statement, Ofir Beigel who is the owner and founder of 99Bitcoins said that they gave the page an overhaul because there were a few issues with the format:
“I think the Dead Coins project is a brilliant idea that needs a bit of polishing. The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took over the project.”
He added that the community mistakes one “shitcoin” for a dead coin so they created clear indicators that determine whether the coins are actually dead or not:
“This way we still use the community’s input, but we make sure it goes through another filter to verify the submission’s accuracy”.
The token project that is seemed dead for a number of reasons includes in active development for more then six months and low volume, no social activity, lack of listings or scams, and Ponzi Schemes.
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