Post
Topic
Board Altcoin Discussion
Re: Should I invest in new projects.
by
serjent05
on 08/09/2023, 23:20:16 UTC
I read the white paper so far there is no RL use case of this project. 

Claimed to have a real use case when:
Merchants are coming soon,
the game is coming soon,
the staking is coming soon

Claimed to be decentralized when there is already premines and token sales to which the developer has access.  A smart contract that can possibly be modified by the project owner and do a rug pull at the end.

I think this kind of project has nothing special since all the promises had been laid out by other projects years ago.  The only consideration is that the developer hopefully deliver this time.

Without any functional services, this kind of investment is very risky although I cannot deny the possibility of getting huge profit if one is lucky enough to get in early and sell on time. Just like any pump and dump meme coins  and NFT projects out there.