August 13, 2020

32% of blockchain startups show no signs of life

32% of blockchain startups show no signs of life

One of the indicators of a healthy crypto project is the high activity of developers, including on Github However, 32% of all cryptocurrency projects did not publish a single line of code in 2019.

This rather unpleasant news is demonstrated by the fact that many former ICO startups have sunk into oblivion or simply have failed.

According to Coincodecap, of the 2,000 selected startups, 640 were completely inactive. According to Coincodecap researchers:

The cryptocurrency ecosystem is full of lies and empty promises. In order to clean it, we must screen out projects that do not fulfill their responsibilities to investors.

It is noteworthy that the total market capitalization of inactive projects is approximately $ 415 million.

According to the materials bitcoinist.com