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
Well, people find making a new project is profitable that is why new projects keep popping out. As you can sew we currently have a lot of scam projects, a bunch of shitcoin and only a few with real product and use case. If this goes on, more and more project will keep popping out, and might hurt the whole crypto marketbecause of scam. So, I urge investors to choose and not only consider profit when investing in a new project.