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Terrible Token Tuesday – 11 Projects That Would Abandon Ghost Just Like Jon Snow Did!

Terrible Token Tuesday – 11 Projects That Would Abandon Ghost Just Like Jon Snow Did!

As always, the Concourse Open Community is scouring the ICO space, publishing its findings at ConcourseQ, and highlighting the latest and not-greatest ICOs. Happy Terrible Token Tuesday!

Terrible Token Tuesday

The most terrible projects for this installment of TTT are:

Terrible Token Tuesday

 

 

Slothee. Maybe Slothee missed the last 10 years of social media development, because they’re building a B2C platform. Which might’ve been okay if the team weren’t targeting an insane billion-dollar valuation and projecting 150K users at the end of 2019. This is for an app with only 10 downloads so far! Also, “Slothee.”

Terrible Token Tuesday

 

 

 

Streamex. Streamex wants to build the most advanced trading platform there is. Even if it had the necessary talent (it doesn’t), that’d be a tall order considering that today’s major crypto exchanges have become multi-billion-dollar giants, and traditional institutional players keep raising the level of competition. What’s more, Streamex’s token – basically a BNB knockoff – won’t have any real use unless/until the exchange gains major adoption. Maybe don’t hold your breath. 

Terrible Token Tuesday

Zimrii. Zimrii claim to have started in 2016, but they sure don’t have much to show for those 3 years of hard work. Worse, there’s no sign of their supposed beta release, their GitHub is a ghost town, and their website wasn’t even online April 2018. But maybe that what you’d expect from a team who’s trying to allocate 110% of its tokens. 

Terrible Token Tuesday

 

 

 

Pieta. Pieta didn’t get off on the right foot when it plagiarized Phoneum’s whitepaper (really not worth copying, if you ask us). And it’s clear that Pieta’s team lacks technical knowledge: the main founder’s background is in social-work (an admirable pursuit, but simply not relevant here). Plus, a qualified team wouldn’t pepper its materials with uninformed pseudo-technical references to mining, transaction times, and privacy. The project kinda comes across like a bad CSW joke.


Terrible Token Tuesday

 

 

Pcore. We’ve seen our fair share of bad projects on ConcourseQ, but Pcore is in a league of its own. The poor quality of its documents, the low level of execution, and the lack of attention to detail are simply unparalleled. No idea where they think they’ll find people willing to stake $5 Million on a project that can’t even spell the words “financials” and “investors.”

⛰ Announcement 

If you’re curious about Concourse Open Community, check out our active projects here. If you want to get involved, chat, build, or whatever, you can always find us in our Discord.

And now some previously featured, really terrible projects:

Terrible Token Tuesday

 

 

 

ImusifyImusify is like a second-tier version of SoundCloud that lacks the community, traction, and cool features. But what this project really gets wrong is that it tries to add a token to a system that clearly doesn’t need one. Plus, with 17 advisors to compensate, one wonders how much ROI could possibly left for everybody else.

Terrible Token Tuesday

 

 

 

XendBitFrom what we can tell, XendBit is led by a team of part-timers who weren’t even able to publish an Android app after (a self-proclaimed) two years of work. So we’re baffled to see XendBit claiming to enjoy “integration with over 30 banks across Africa with over 100 million verifiable businesses and individual bank accounts.” If this is the crypto mass adoption we were promised, we don’t want it!

Terrible Token Tuesday

 

 

EasyGuideEasyGuide claims they’ll beat Expedia’s numbers by 25 times and earn $93M a month, but they don’t have any realistic models to back those wild projections up. What’s worse, they pin all their hopes on the unoriginal idea of connecting strangers who’re looking for travel companions. What’s also worse is the poor execution and lack of team commitment.

Terrible Token Tuesday

 

 

VenotyVenoty wants to revolutionize education with a cryptocurrency. The problem is, the team has almost no experience with blockchain or education. The whitepaper doesn’t give many details about the actual project, but it does explain that “When something exceeds your ability to understand it becomes something magical, so this is VENOTY.” Maybe the team’s focused on listing their token on exchanges, since 10% of the total supply is reserved just for that!

Terrible Token Tuesday

 

 

TokenrollTokenRoll wants $800K for an uninspiring betting dapp, even though there are hundreds of similar dapps (on Ethereum and other platforms) offering better UI and less friction (bc they don’t include an unnecessary token). We don’t know who came up with this terrible idea. But whoever it was, you’ll have to blindly trust them with your funds, because TokenRoll’s code isn’t open-source.

Terrible Token Tuesday

 

 

 

Bither. Bither is a proprietary blockchain with “sidechain capabilities” that boasts not one, not two, but *three* tokens! We really tried, but we can’t think of why this (or any) blockchain needs that many tokens other than to confuse people. There aren’t any clues in the project’s GitHub repo – it just looks like a collection of forks of several well-known projects with no meaningful contributions from the Bither team.

Thanks to everybody who helped on these due diligence reports and all the others!


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