Main reasons for dead coin listing – Limited Exchanges/No Social/Website Down.
- Started 2017, Ended 2018.
- No social media.
- Trading ticker (AC).
- 1.6 Billion coins total.
- Only available to trade on Cryptopia.
- Was built on stand alone blockchain.
- Website down.
- The Founder/CEO is possibly Zhou Bowen or Francis Sim
- Very low volume under $200 (24hour)
AsiaCoin was founded in 2017 and is trading on limited exchanges. Was added to the dead coins list due to the fact its ranked below 1000, website down, no updates and social since. The Founder/CEO is possibly Zhou Bowen or Francis Sim.
Copy paste from old site (archived)
(thecoin asia) 2016 FAQ page
What is going on with AsiaCoin? What happened?
The original developer of AsiaCoin added lines of code to the source which allowed him to premine a block containing a significant number of coins. Some of these coins were then distributed to exchanges and sold to honest buyers and investors. This was discovered a few days ago by users of BitcoinTalk forums. When exchanges found out, most of them have suspended AsiaCoin trading altogether, leaving the future of the coin in doubt and jeopardy.
What is your plan?
We believe in AsiaCoin. We believe that this issue can be fixed, by voiding the premined coins and not allowing them to stake or be transferred. This ensures that only valid coins can be spent in the future.
What about the pre-mined coins already sold to people?
We could have invalidated them, but we believe it will only harm the honest people who bought the coins (or the people only sent their valid coins to exchanges to see them replaced with pre-mined coins when they withdrew). The original developer had already made his fortune from these dumped coins, and there is no reason to invalidate them now.
Screenshot from the old website (archived)