Vaporware is a term for a cryptocurrency project that is announced but never becomes a reality. Maybe the project was built on hype, without a proper plan and white paper. Or the project didn’t get enough funding. Or it just wasn’t very good and people lost interest. Some crypto projects have been simply pointless! Vaporware is common in any volatile and evolving industry, like software in the 90s or dot-coms in 2000. How do you spot vaporware? –> If an ICO (initial coin offering) sounds too good to be true, listen to your gut. Some actual tokens have claimed to “enable everybody to live healthy” or be backed by “prayers for your soul”. Others make less crazy promises but don’t say how or when they will achieve anything (except buy the issuer a Lambo) –> #Vapor Alert! Before you buy any crypto token: 1) read the white paper. If there isn’t one or if it’s just 2 pages of vapory language, run away. 2) investigate the team behind the project.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
