99Bitcoins - The One Thing We All Need To Know About.

99Bitcoins - The One Thing We All Need To Know About.

2021-02-19 | Big Bob

99Bitcoins - The One Thing We All Need To Know About.

Renowned Bitcoin education portal 99Bitcoins is among the newly most discussed topic of the cryptocurrency industry. It’s appropriated the Dead Coins project, which offers a cemetery for over a thousand dead crypto assets, and breathed new life into the project by ensuring the list is accurate and by removing joke burials for Bitcoin [BTC], Tron [TRX], Dogecoin [DOGE] and Tether [USDT]. Deadcoins.com was launched earlier in 2017 to document the demise of the many altcoins that materialized off the rear of the ICO boom that year. 99Bitcoins meanwhile was founded in 2013 to offer a practical and non-technical guide to those new Bitcoin. The list of dead cryptocurrencies is a nice companion piece to 99Bitcoin’s highly referenced bitcoin Obituaries’ page which records whenever the mainstream media claims that Bitcoin has died. Eventually, count, Bitcoin had died 399 times. The newly cleaned-up Dead Coins page is reporting 1559 altcoin fatalities at the time of reporting. Within the official statement, Ofir Beigel, owner, and founding father of 99Bitcoins added that they’ve given the page an overhaul as there have been a couple of issues with the format:
“I think the Dead Coins project might be a brilliant concept & need a touch of polishing. The very fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days browsing the entire list and sifted out all of the coins that were buried alive, so to talkFor instance, Bitcoin, Tron, Dogecoin, and Tether are just a few of the coins that were listed once we took over the project.”
He explained that the community sometimes mistakes a ‘shitcoin’ for a dead coin and clear indicators are put in situ to work out whether a coin is really deceased or not.
“This way we still use the community’s input, but we confirm it goes through another filter to verify the submission’s accuracy”.
A coin or token project is deemed dead for a variety of reasons along with inactive development for over 6 months, low volume and liquidity (as nobody is trading it), a scarcity of listings on cryptocurrency exchanges, website down, or no social media activity, and in fact the scams and Ponzi schemes. As reported earlier in January last year, a number of the primary reasons that crypto projects and their tokens find themselves going south also included failed funding and joke projects which may still run a while before finally abandoning like a ghost.

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