Trading in coins of closed projects: How to avoid becoming a victim of speculation

By Kapil Gauhar

Currently, there are more than 700 coins in cryptocurrency market and their number is increasing every day. The dynamics keeps going, even despite the regular shutdown of companies which hold ICO. The most interesting fact is that most currencies keep existing even after the shutdown. Such currencies have no foundation and cannot have any material value. However, during Neironix research, it was found out that a number of such currencies keep trading at public exchanges.

The platform is permanently accumulating data on more than 510 ICO projects. The system allows you to track the state of currencies and projects in real time both at the stage of ICO development and implementation and thereafter.

The new research of our team of analysts is dedicated to the projects, which have no working websites and have low or even missing network activity for a long time. Below you may see top 6 projects which meet these criteria. They are listed according to the trading volume for 24 hours.

6. Cofound.it

Token: CFI

Etherscacn: https://etherscan.io/token/0x12fef5e57bf45873cd9b62e9dbd7bfb99e32d73e

Site: www.Cofound.it – not available

Social networks:

The last post on Twitter is October 29, 2017.

  • https://twitter.com/GameCoin_Global
  • https://www.facebook.com/gamecoin.official/
  • https://t.me/joinchat/GMrKFwx-R6OG4NEmGRpdvA

MVP: no

Exchanges:

  • Bitfinex
  • EthFinex

Trading volume for 24 hours: 69’191

September 16, 2017 Cofound.it publicly said about the closure, but token trading is still going as Neironix platform shows.

5. Obirum

Token: CBC

Etherscacn: https://etherscan.io/token/0x26db5439f651caf491a87d48799da81f191bdb6b

Site: http://ico.obirum.com – not available

Social networks:

The project is not active in social networks, most of which are currently unavailable. The last post on Twitter is August 16, 2018.

MVP: no

Exchanges:

  • DDEX

Trading volume for 24 hours: 92’144

Many sources said the project to have the most potential. During ICO the project got more than $235, 000.  Currently the site is unavailable and the project is not active. However, the trading at exchanges is going on.

4. BetboxAl

 Token: BETX

Etherscacn: not found

Site: www.betbox.ai – unavailable

Social networks:

The last post in social networks is November 2017.

  • https://twitter.com/betboxAI
  • https://www.reddit.com/user/BetBoxAI/
  • https://bitcointalk.org/index.php?topic=2315347
  • https://medium.com/betbox
  • https://t.me/BetBoxAI

MVP: no

Exchanges:

  • Crex24

Trading volume for 24 hours: 338’434

3. Corusblock

Token: CBC

Etherscacn: https://etherscan.io/token/0x26db5439f651caf491a87d48799da81f191bdb6b

Site: www.corusblock.com – unavailable

Social networks:

No posts in social networks since January 2018.

  • Bittrex
  • Fubt
  • Kucoin
  • HitBTC
  • Sistemkoin

MVP: no

Exchanges:

  • Crex24

Trading volume for 24 hours: 407’997

2. CIRCLE

Token: CRC

Etherscacn: https://etherscan.io/token/0xd04bdec7b821e0dc2fdfd48db3d96fadc6b9e1cf

Site: www.circlenet.io – unavailable

Social networks:

There are enough subscribers in each social network, but there is no activity since December 2017.

  • https://www.facebook.com/circlenet.io/ — недоступен
  • https://github.com/circlenetio
  • https://bitcointalk.org/index.php?topic=2713402
  • https://medium.com/@a.ritter8650
  • https://t.me/circlenet

MVP: no

Exchanges:

  • LiveCoin
  • Cryptopia
  • Stocks Exchange
  • YoBit
  • IDEX

The trading volume for 24 hours: 629’969

1. Toplancer

Token: TLC

Etherscacn: https://etherscan.io/token/0x6fb5cdfd4a38d34c92e4873fdfc22dce927edc99

Site: www.toplancer.co – unavailable

Social networks:

The last posts are March 2018.

  • https://twitter.com/Toplancer_Coin
  • https://www.facebook.com/Toplancer-1944069385913640
  • https://www.reddit.com/user/toplancer
  • https://bitcointalk.org/index.php?topic=2794999
  • https://medium.com/@toplancercoin
  • https://t.me/toplancercoin

MVP: no

Exchanges:

  • BCEX

The trading volume for 24 hours: 2’273’071

We are planning to send a request to the exchanges, that trade in coins of closed projects asking them to comment on the situation.  Both while researching and making a report, the agency didn’t aim to discredit or insult any of the above companies, but just shared the information.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.

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