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.
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.