It is unfortunate that developers frequently launch projects that cannot thrive over the years or offer something innovative to users. Conversely, this is a digital currency that operates without regulation, enabling anyone to generate their own token.
I feel you. There are so many altcoin projects with no "substance" behind them. They're only created as a means to enrich developers themselves. Not to provide real use cases to the world. Since the industry is widely-unregulated, anyone can create and launch their own coin/token "without obstacles". The day mainstream governments require developers some sort of permission to launch a coin, will be the day when the "cleansing" begins.
This goes against the decentralized and open source nature of crypto/Blockchain tech, but it's for the best. Especially if we want to get rid of scam projects driven only by hype. Despite altcoins' setbacks, they're the only means through which developers can test "new features" before rolling them out on the main Bitcoin blockchain. Such has been the case with Litecoin since its inception. The more altcoins there are, the more Blockchain technology can be put up to the test. As long as decentralization wins, there should be nothing to worry about. Just my thoughts
