I keep wondering why new projects are being introduced into the cryptocurrency economy and we all will agree that about 80% of these new projects either don't do well or exits as scam. I know that bounty hunters especially benefits from the introduction of a new project because it's 90% sure to run a bounty program.
But what if the new projects stopped being introduced for us to focus on the thousands of projects that is already in the crypto space and individuals or teams that genuinely wants to make a change can instead either buy all these failing projects and work on them or offer to partner with the teams of the failing projects in a bid to recreate. I mean they could still run airdrops and bounty programs again to reintroduce their projects. Ain't nothing wrong with that right?
Just thinking aloud, don't know the repercussion of this idea, but back me up if it makes any sense
the cryptocurrency business is jut like any other traditional business. there will be something new everyday, just like there is always new startup when you check the industry of non-crypto business. and also the same, most of them are failed, and some of them turn out to be a scam, this is common in any filed of industry, and crypto is not an exception. The thing is crypto currency and blockchain are one of the most emerging new comer in the economic industry, so it seems like the amount of ICO, STO, and scam project are overwhelming.
now the thing is if you said that 80% of ico project are scam, and the bounty hunter still get benefit from those scam projects than you are wrong, if the project is failed or even scam, bounty hunter is just wasting their time.