GitHub and development activity are one of the indicators for a healthy crypto startup project. Some repositories boast of high activity, especially around key launches.
Crypto Startups Lag in New Commits
But as much as 32% of all cryptocurrency projects failed to publish a single line of code in 2019. Based on a research of 2,000 startups by the Coincodecap project, 640 were completely inactive.
32% of token projects have not pushed a single line of code in 2019 #cryptocurrency https://t.co/k5Jhfg3DsA
— Nelson M. Rosario (@NelsonMRosario) September 23, 2019
This number comes as no surprise, as only a handful of projects take the top spots when it comes to GitHub commits. However, the sign is especially ominous, as former ICO startups sink into obscurity or simply fail.
“Crypto landscape is full of lies and empty promises. To make this ecosystem better we need to weed out projects which are not fulfilling their promises made to investors,” commented the Coincodecap project.
The analysis of Coincodecap, which links exchange…