Here I bought Cloakcoin as my first crypto experience. It was February of 2017. Where the chat room had less than 100 members and now it has 2500 to give you perspective. Yes it was a three year project but there is progress i felt and there was lots to look forward to. Then in September with Raizor and cashmen the manager and main developer leaving I thought it wasnt looking as good. The whole open source dangle carrot method which really didnt matter in the end. Then in December it was the final straw for me. Where the audit was started but there was bugs in the code that the team was not releasing that information. Today with deepend trying to get the dev fund in place but he has been working since Jan/Feb on this. Where the progress is lacking. If its taking this long for a dev fund do you think that it will be easy to change the code to litecoin base or any other changes. There is alot of hype in the way of new exchanges I will give the Cloak team that. But there has no integration and the chatroom is dead compared to what it was last year. So why did so many people leave? Most of the people here have been for over four years now. Like yogibaer, labrat, lasvegas. They are lifers, where they will stand by Cloak always


If I am a new investor I would be hesitant of this project.

I would rather suggest another privacy coin Spectrecoin. Its a privacy coin and the marketcap is under 10 million right now and has a promising future. It released a hard fork dev fund on August 21. Its a proof of stake coin also and gives out 5% staking rewards.

Check it out

https://spectreproject.io/