Metaverse is my worst investment in blockchain so far. Whichever way I look at it, I'm now facing a hefty 90% loss, it's too late to sell.
I clearly bought too high, but this sounded like it could rival Neo et al way back when their notional market cap was $140m. What a joke that is now.
So I'm just taking this time to try and learn whether or not I got scammed here, misunderstood something, or suffered bad luck.
I might be blind but I'm still inclined to think now that the team at least tried to make this project work technologically but they didn't have the required skill set or motivation to reward retail investors in the way that other projects have done? Maybe they thought that their market valuation wasn't ever justified at $140m?
Question now, is it too late to get some serious commercial applications coveting their blockchain? And in doing so, to create some demand for their token where the money is? And can the communication and marketing channels ever wake up and get noticed properly?
Sorry to hear about ur loss dude. The project is promising, so I don't think you got scammed. But the profit of the retail investors seems to be the least of their concern. So good luck with that.
Also you need to stop thinking about commercial applications, marketing channels and all that crap to create demand. Cause thats not how it works.
The primary and most important way to create demand for a certain project is to provide liquidity for big investors. If your project can't provide that then big investors and institutional money will stay the fuck away. No matter how good the project is. As a result investors like u will get screwed.
Now how do you provide liquidity? By listing the project on bigger exchanges that can generate enough volume. Now go and check the exchanges that this project is listed on and check how much volume each one is generating. There is the answer to your problem.
Now the other thing is, big exchanges prefers ERC20 tokens or a coin that forked from bitcoin for listing. Cause it's easier for them to implement and maintain wallets. This project is kind of unique. My guess is exchanges r probably going to ask for a lot of money to list this coin, considering the kind of wallet implementation and testing nightmare that they will have to go through. So for the very reason why most people invested in this project (uniqueness) seems to be creating a massive problem for the investors too. Ha ha.
Well u lost 90% of ur value already, so no point selling now imo. Just hang in there and pray, May be, just may be one day you will breakeven.
And for the future reference, before investing on anything, always check the liquidity. Good luck bud and wish u all the best.