Numerous cryptocurrencies have been launched in the past many years, continually to great fanfare and celebration, only to fade and fail as the public and investors shun them. According to Coinopsy, which tracks similar failures, there are some 2,380+ dead coins at the time of line. That’s a substantial number, indeed coming to the roughly 3,000 still in existence, and senior industry figures hope numerous of those to fail, too.
Why do so numerous of these projects unravel? You hope numerous initiatives to come and go in a newcomer market, of course – the 1990s dotcom bubble is the perfect example. But at the same time, cryptocurrency developers have traditionally spent too little time designing the business use case for their coins and tokens, also only realising after the takeoff that their idea is yesterday’s news.
Time and again, we see launches that copy a previously successful coin – “Coin x is the new Bitcoin”, for sample. Yet the market formerly has Bitcoin, and it continues to be in demand – as evidenced by the 18 millionth Bitcoin being mined only last month. We tend to overlook this problem with developers, indeed while we properly blame regulators for not being suitable to observe up with the fast evolution of the Crypto market – despite efforts similar as Howey Coin by US regulator the SEC, which was a dummy new coin offering designed to teach investors about the risks of putting money into Crypto.
Recover Your Losses in Dead Coin Crypto Scams
Cryptocurrencies give great investment chances but it also poses high risks. Numerous people have invested in various projects ( generally via ICO/ IEO/ IDO/ STO and numerous other types) but only a many projects have actually succeeded in delivering a product.
In fact, up to 80 percent of all ICOs were outright a scam and only half of the remaining 20 percent non-scam projects actually were suitable to deliver something. Further, according to the China Academy of Information and Communications Technology, 92 percent of all blockchain projects have failed, generally within the first year.
WACEO UnRekt Project strives to help investors of the failed ICO and alike projects by delivering them with
- The capability to potentially recover 50-90 percent of the original investment in$ value.
- Bond their dead coin
- Capture together with the WACEO community any value performing from successful legal settlements or any other type of outgrowth via legal cases if necessary.
- Get rewarded during the vesting period through instantly claimable yield
WACEO UnRekt Project is a community- driven project presented by WACEO AISBL (“WACEO”) aimed to support the communities of dead coins that have suffered financial losses.
Their official website: https://resurrect.waceo.org/
Watch the Video for more information – Recover You Losses in Crypto Scams | UnRekt Initiatiave | WACEO AISBL: https://www.youtube.com/watch?v=_nZNHqoANNg
You can Follow on Twitter – https://twitter.com/UNRekt_Waceo
Also You Can Join on Telegram – https://t.me/unrekt_waceo
