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Failed Crypto Projects Get Final Resting Place In Altcoins Graveyard

Samantha Chang
2018's market crash has opened up a whole new graveyard for failed crypto projects. | Source: Shutterstock

By CCN Markets: Failed cryptocurrencies can enjoy an eternal resting place after they’re sent off to an altcoins graveyard called ShitcoinGraveyard.

The website is the brainchild of four Berlin-based crypto entrepreneurs and bitcoin bulls:

  • Roman Kemper, CEO and chief gravedigger.
  • Marten Rauschenberg, DAO mastermind.
  • Yannick Eckl, marketing director.
  • Christoph Klischa, chief financial officer.

Kemper told CCN that his team was inspired to launch ShitcoinGraveyard amid the 2018 ICO market implosion. During that time, crypto investors lost millions of dollars in numerous ICO scams.

shitcoin graveyard team

From left to right: Yannick Eckl, Marten Rauschenberg, Roman Kemper and Christoph Klischa. | Source: Sh*tcoinGraveyard

ICO Death Spiral Inspired Graveyard Idea

Kemper says the idea of ShitcoinGraveyard was born in the depths of that market collapse. At the time, he was alarmed by the lack of information about sham ICOs.

He also felt there was a need for comic relief for the crestfallen newbs who had lost money betting on worthless altcoins.

“With all the sh*tcoins piling on — going to almost 1,000 different bad investments — we felt there was a need for a sh*tcoin graveyard that can provide comic relief for the rekt sh*tcoin holders and educate at the same time. Never forget: Don’t give a sh*t! Except if you are visiting our site.”

Read the full story on CCN.com.