ICO Rankings Blog

First look

Flybit came out in 2019. Everyone in Korean chats said, “try it, it’s smooth.” And they were right. Back then it was simple to sign up. KYC was annoying, but you got through. Deposits hit fast, trades matched, no crazy delays. I remember checking the app and thinking, this is actually decent – light, clean, no bloat. BTC and ETH pairs were busy, altcoins had some life. It wasn’t the biggest exchange, but it felt alive.

Years later, I log in again. Same site. Same app. Nothing much has changed on the surface. But the vibe? Gone. The books are thin, spreads open like a canyon. Orders sit there untouched. You can tell in a minute – the crowd left.

What’s still written there

The site still flashes all the promises. Low fees, safe funds, cold wallets, quick withdrawals. Security banners everywhere. Looks fine if you read it like an ad. But it’s like reading an old flyer taped to a wall. Words are there, but the shop behind it is empty.

Clicking around

I tried some pairs. BTC/USDT – tiny orders work. Larger ones, price jumps. ETH is quiet, the rest frozen. Charts refresh, but nothing moves. Staking pages open, but the numbers look stuck. Margin tabs still there, almost for decoration.

Support? I didn’t bother. Last time it was like shouting into a cave – no echo. People online say the same now. No replies, no help. Withdrawals, when they happen, take forever.

The site runs. That’s the weird part. Nothing breaks, navigation is smooth, but it feels like a machine left running with no one to watch it.

Looking deeper

News section? Dead. No updates, no new listings. Social pages stopped posting ages ago. Team is nowhere to be seen. No word about upgrades or future plans. Just silence.

I checked around forums. Reviews old, split. Some users say they pulled their coins out months ago. Others claim they’re still waiting. No audits, no reserve proof. For an exchange that once shouted about safety, that silence says enough.

Things that still work

• Website opens, slowly but it does.
• Tiny trades pass without issue.
• Fees show on screen.
• App logs in fine.\
• Charts load, even if useless.

That’s pretty much the full list.

Why nobody’s here

Because everyone left. Traders follow volume. Once it dries up, they move. Flybit didn’t keep up, didn’t fight for market share, didn’t update. When the crowd leaves, liquidity goes first, then trust, then everything.

An exchange is not just features. Without people, it’s just a webpage with numbers. Flybit is that now.

Who could use it

Maybe someone testing with five bucks. Or a guy logging in after years to see if his old balance is still there. Serious traders? No way. No depth, no flow, no reason to stay.

How it feels now in 2025

Technically it’s online. You can trade. You can click tabs. You can even withdraw if you’re lucky. But the place is hollow. No new coins, no events, no talk. It’s like a train station long after the last train. Lights on, no people.

Should you risk it

You can, if you want to test. Just don’t put anything serious there. Don’t expect support to save you. If your funds are stuck, try to pull them out fast.

Final words

Flybit had its time. Clean design, easy trades, good flow – it worked in the early days. But it stopped growing, stopped talking, stopped caring. The market left, and so did the life inside it.

Now it’s just a leftover. Still running, still clickable, but empty. Using it feels strange, like walking into a shop that’s open at night – lights on, shelves full, but no one at the counter. You stand there, wait, and realize – nobody’s coming.

First look

Clober opened on Feb 14, 2023. It boasted an on-chain limit order book powered by its LOBSTER algorithm, full order-matching on Base Layer-2, no centralized servers. On the surface, it’s modern and interesting. But when I hopped in? It feels half frozen. Pages load, UI loads, but depth? Missing. Volume untracked on CoinMarketCap. You log in and wonder - is this even active?

CMC doesn’t show any volume or reserves. The listing is untracked. That’s a red flag. You expect numbers there. Instead, the interface sits practically blank.

What they say

Clober sells itself as a scalable on-chain DEX, full centralized limit order book in smart contracts. Promises trustless trading, no middleman. Decentralized but with order book depth. Seems cool if it’s working. On paper, it’s neat tech.

But all that promise collapsed when a bug hit. In Dec 2024, a reentrancy exploit drained 133.7 ETH (around 500K USD) from its Liquidity Vault. Audits had been done, but changes afterward introduced the vulnerability. Clober offered a 20 percent bug bounty, tried to recover, but nothing public ever seems fixed.

What I saw

I clicked around. The swap UI loads, order book skeleton is there, but you scroll and it’s all zeros or empty. You try placing a bid - nothing. No liquidity, no response. No volume listed. UI behaves like a demo. Stuck.

They still show tabs: spot, perpetual futures, margin. Maybe. But none of it moves. The staking, the trades, everything seems frozen. Even if you try tiny orders, nothing fills - because there’s nobody on the other side.

After the hack, the protocol went silent. No fresh code updates, no road map, no tweets. All channels paused. Reviews say the same - developers vanished when the bug hit. Bug bounty posted, but exploiters didn’t respond. Users are left guessing.

Looking around

Checked their socials - last posts old. No announcements. No roadmap updates. The project page looks abandoned. Web3 watchers flagged the hack quickly, but nothing changed since. Protocol claims audit but then deployed unaudited code. Classic mistake.

Reddit threads? Few comments, most asking for recovery. No proof of reserves, no recent audit, no fresh life. The whole vibe: ghost protocol still pretending to run.

What still works

• The UI loads.
• You can open tabs.
• Order entry fields are clickable.
• The site does not crash.

That’s basically it.

Why it’s weird and empty

Dex with no trades. A coded engine sitting idle. There’s no liquidity, no users, no movement. Features don’t matter when nobody trades. The exploit scared off participants. After that no follow-through, no fixes. So Clober drifts.

Who it might serve

Maybe someone testing the concept of an on-chain limit order book. But real trading? No. Technology curious only. Big bets? Impossible. No market, no depth, no point.

Status in 2025

Clober remains technically live. But there is no volume on CMC, no reserves recorded, no audit updates, no corrections. Still advertises full CLOB matching on-chain - but practically, it is dormant. A protocol in stasis.

Should you try

Only if you’re testing. Zero funds. Don’t trust stability. The past breach shows the risks. If you stake or lock funds, you may never see them again. No support, no community, no backup.

Final thoughts

Clober had ambition: a decentralized order-book DEX on Base. That idea still intrigues. But the hack and silence afterward killed confidence. Now, it’s just a shell that loads - code still running, no users trading, markets untracked.

Feels like a shell of a project. Cool in concept. Broken in life. Think of it as a car that still turns on, but the engine will not drive you anywhere.

First look

Swiftex appeared in late 2018. Registered in the UK. It promised a simple spot exchange with crypto trading only - no margin, no fiat. Early word was decent - easy signup, clean site. I remember some chatter about their plan to join CoinMarketCap’s Data Alliance for transparency, which sounded promising at the time. But today, I log in and… flat lines.

The site loads. The dashboards, the charts - they appear. But then you scroll down: zero trading pairs, zero volume, nothing. No data at all.

What they say

Swiftex marketed itself as a lean, beginner-friendly platform. No fiat, mainly crypto deposits and trading. Low or no deposit fees, visible trading costs, simple setup. On paper, fine - but nothing matches reality here.

What I saw

I clicked around. No markets. No coins listed. Charts blank. Tabs open, but empty. Click "trade" - form fields fill, but you can’t execute anything. Spreads nonexistent. It’s like walking into a terminal with no flights scheduled.

Support or help? Good luck. No chat, no response. Social media channels are dead. No replies, no posts. Everywhere I look, I feel like the project left ages ago.

Looking around

There are no listings, no updates. No coins, no pairs, no volume. That means no liquidity, no activity, no trust. Swiftex holds no visible reserves. No new listings every time I refresh. Forums hardly mention it - just silence.

What still works

• The website loads (slow, but it does)
• UI elements sit there - tabs respond
• You can click trade buttons (but nothing happens)
• Fees page opens - empty numbers

That’s all.

Why it’s empty

Because the market is gone. An exchange without assets, without users, without updates - dies slowly. No liquidity, no volume, no team. Features don’t matter when nobody shows up. Swiftex didn’t keep up or evolve. So it faded into digital memory.

Who might use it

Honestly? Maybe someone curious or trying an old link. Maybe that’s it. New users won’t even register here. There’s zero trade, zero reason. Bigger traders will not waste time.

Status in 2025

Swiftex is technically live. The page loads. But nothing trades. No coins, no reserves, no traffic. It looks like a ghost. Just an interface left running in case someone clicks. No updates, no future, no value.

Should you try

Only if you want nostalgia or to check that the site still exists. Don’t deposit. Don’t expect trade. Don’t rely on support or anything. If you have coins there, get them out fast - though how to even place withdraw request? I wouldn’t rely on it.

Final thoughts

Swiftex had a simple idea: a no-fuss crypto exchange with crypto-only operations. But simplicity turned into emptiness. The interface functions, but there’s no market. It’s like an abandoned kiosk terminal - you see the screen, you see buttons, but nothing happens. Swiftex lives in name only now.

First look

MonetaGo appears in CoinMarketCap as an exchange, but with volume data untracked and no markets listed. You load the page and expect at least a list of trading pairs or reserves. Instead, it’s blank. No data, no life.

What they say

If you dig a little, MonetaGo sounds like a fintech company with blockchain roots, offering secure financing systems and fraud prevention tech. But nothing about spot trading, order books, or liquidity. The exchange label feels misplaced.

What I saw

So I tried clicking around, out of curiosity. Load dashboard - fine. Orders tab - nothing. Trade tab - empty. No coins, no depths, no volume, no movement. The site sits there like a parking lot at midnight: lights on, nobody inside.

Looking around

CMC classifies it as inactive, untracked, with no reserve data or assets listed. Searching more shows MonetaGo focusing on fintech services, fraud prevention, not actual trading functionality. No coins, no pairs, no trading history.

There are articles showing MonetaGo moving from blockchain tools to cloud-based fraud systems. That shift happened years ago. That’s clearly where their focus went - not trading.

What still works

• The web page loads.
• UI elements display.
• Some tabs look clickable.

That’s about it. There’s no actual trade engine.

Why it’s weird

Because an exchange needs traders, books, and liquidity. MonetaGo has none of those. It’s mislisted or outdated. Features without functionality are meaningless. Here it’s just a ghost interface.

Who might use it

Honestly? Maybe someone curious clicking old links. Or someone confusing MonetaGo with another Moneta project. Real traders wouldn’t stay - there’s nothing there to trade.

Status in 2025

MonetaGo still sits in exchange directories, technically online. But there’s zero volume, zero pairs, zero reserves. It’s clearly inactive and irrelevant for trading. It’s a fintech relic mislabeled as an exchange.

Should you try

No. Don’t deposit anything. This isn’t a trading venue. If you land here expecting to trade, move on fast. Looks harmless, but it’s pointless.

Final thoughts

MonetaGo deserves credit for its fraud prevention platform in trade finance. But as an exchange? It never truly was one - or it stopped being one a long time ago. The exchange label stays, but the function is gone. It’s nothing but a stub now.

First look

Koinex flourished in 2017–2018. At that time, it seemed to be the largest player in the cryptocurrency market in India. Signup was decent, coins were available, and BTC pairs traded actively. The exchange grew fast - on peak days, trading volumes hit hundreds of millions. Then in 2018 RBI issued its crypto banking ban. Things fell apart quickly. Koinex announced closure on June 27, 2019. They said funds would be returned by July 15, and wallets would remain alive for a while. After that, it all faded.

Now the site still shows as an exchange listing, but no markets or volume recorded. Status: untracked, inactive.

What they say

Long ago the site bragged about being India’s trusted exchange. Transparency, data alliance, visible volumes, easy deposits and withdrawals. Now none of that shows - only an empty listing and stale archive pages. Most mentions online now just show its shutdown post and how the team promised refunds before leaving.

What I saw

I opened the Koinex link. Interface still loads but charts blank. No trading panels, no coins, no order books, no volume. Trades tab is empty. Deposit and withdraw options don’t exist. It’s like landing at an airport with no flights or staff.

Scrolling around - they once had blog posts, live chat, support emails. All gone or broken. Search results mostly historical posts and news archives. Few Reddit mentions - a handful of users saying they got their refunds, others saying long delays.

Looking around

Crypto trackers list Koinex as inactive or untracked, zero volume or pairs. No traffic metrics. No GitHub. No social activity. The overall footprint looks erased.

Articles mention regulatory blockage as the key reason - banking partners pulled out after the RBI ban, liquidity vanished, infrastructure costs remained too high. Most users got withdrawal windows, but that ended in mid-July 2019. After that, Koinex just shut trading and left.

What still works

• The site page loads.
• It still says “exchange” but there’s no function.
• Layout looks like a template - but no real items.

That’s all.

Why it’s empty

Because it closed permanently. After regulatory pressure, banking support disappeared. Without deposits and withdrawals, users left. Liquidity dried up. The team shut it down. Now there’s only a listing in archives.

An exchange without traders or assets is just an empty catalog. Koinex fell into the pit of regulatory uncertainty and never pulled out.

Who might use it

Honestly? Only someone researching old Indian exchanges. Or someone misclicking expecting to trade. You can’t deposit, won’t trade, won’t withdraw. It’s pointless for anyone today.

Status in 2025

Koinex lives in history. Still technically online in directories, but dead as a trading venue. No updates, no community, no market. Just a ghost in the archive.

Should you try

No. Zero reason. If you somehow find funds there (unlikely after years), you can’t trade. Withdrawals ended long ago. Support doesn’t exist. Better not drop a coin there at all.

Final thoughts

Koinex had a quick run and made a mark in India’s early crypto era. Then RBI’s ban, banking closures, uncertain policy collapsed it. Now it exists only on old screenshots and listings. As an exchange, it died six years ago. There’s no market, no trades - it’s just a name and an empty shell.

First look

Stockpoint shows up as an exchange launched in July 2018, based in Tallinn, Estonia. Supposedly it supports around 15 trading pairs and offers fiat and crypto deposits. But when you visit its listing, it is labeled as untracked with no reserve data and no visible volume. That already paints the picture - listed, yes. Active? Doubtful.

What they claim

On the surface, Stockpoint pitches itself as a clean crypto exchange. Supports fiat deposits, trading of crypto pairs, licensed by Estonian regulator. Sounds fine on paper, but headlines aside, there’s almost zero trace of actual market activity.

What I saw

I clicked around just to see. The listing page appears, layout is decent. But there’s no market depth, no prices, no volume. Spot markets are empty, charts either broken or blank. Deposit or trade buttons may appear - but you can’t actually do anything. It feels like walking into a nearly deserted station full of terminals but no trains or passengers.

Looking around

Stockpoint is marked untracked - meaning volume is too low or nonexistent. If activity existed, the classification would change. But Stockpoint stays in limbo. Same site, same inactive status, no updates. Social channels nearly silent. No footprints in forums. Few mention it and almost all say the same - nothing happened there.

What still works

• The listing page loads.
• General UI renders.
• Some labels or tabs show up.

That’s it. No order book, no transactions, no liquidity.

Why it’s weird

Because an exchange without liquidity and trading pairs is pointless. Features don’t matter if nobody uses them. Stockpoint might as well be a brochure with no business behind it. Listings remain, interface loads - but the engine is switched off.

Who might use it

Probably only curious researchers or someone who stumbled in by mistake. Nobody serious signs up or trades there. No markets, no depth, no support.

Status in 2025

Stockpoint remains technically online as an untracked exchange in directories. But it shows no volume, no assets, no reserves. Essentially a shell - a ghost interface without transactions or users.

Should you try

No. Don’t deposit anything. There’s no trading and no liquidity. Worst case, your account just sits there doing nothing. If you find any balance by chance, try logging in and confirming it, but don’t rely on withdrawals. This is not a functioning platform.

Final thoughts

Stockpoint had a concept - an Estonian crypto exchange with fiat rails, modest pairings. But it never took off. Now it exists mainly as an untracked listing. The UI loads, the name is there, but there’s zero activity. It’s like a storefront that never opened for business.