cryptoreviewerguy posted on December 08, 2019 00:46:15
We're closing in on 2 years of existence for these guys, read that again with the crypto space in mind...almost TWO YEARS of actual released products for everyone to use.
I have tested their platform with friends and family who might not have been the most tech savvy, some increased their investment a lot after a few months, because they enjoyed what they saw, took on the 'token' mindset and not the fiat one.
The first year was brutal for the initial investors, they lost up to 95% fiat value from ATH in the BTC bear market cycle. One mistake of Dropil was the first iteration of the Dex payout system, this was not sustainable in the bear market. They have since investigated and adapted it to a payout logic that brings more stability for the token price.
By releasing so many bots and services since their Dex, how can someone even think that this is a scam, they could have kept just the one thing and left a long time ago with the ICO money.
* High supply, 30 billion
* High amount of founder tokens
* No 'real' insights in Dex, besides two Youtube videos, would be nice to have a monthly reports showing correlation between the actual trades on the exchanges and the Dropil funds
* Hidden ICO funds, for all we know there is little left of the initial stash, was it converted to USDT? Did it suffer from the BTC bear market?
* Buffer for Dex payouts is not disclosed
* Price of the token should go up judging by the amount of DROP that get paid out, where are these tokens coming from used for the Dex cycles?
* Plans to move away from public ETH blockchain (ERC20), compatibility with hardware wallets gone
* Hot wallet system might be better for fees but no transparency anymore, what happens in a DROP bank run? Founder wallets get activated?
* Poor marketing, poor communication to the community, no release notes of changes
* Support is slow and bottlenecked
* English language focused, no plans to expand this
* Max seems abandoned, gets probably reworked for Zuhex
* Arthur arbitrage signals are pointless, you can't really do anything with it
* Jade gets stuck from time to time, seems to suffer some design flaws
* Insights page was down for a long time, commitment to fixing publicly visible issues is lacking
* Referral system is not encouraging, some MLM might help spreading the word because it basically is a set and forget platform
* Dex is so easy, user-friendly, beautiful
* Max looks slick, if this gets coupled to Zuhex and fast support for all kinds of tokens, bright future ahead as a portfolio overview tool to rival the established
* Arthur has a nice bot icon... that's about it, wanted to say something positive about the little guy
* Jade is easy for everyone to use and profitable if you don't customize too much, more choices for subscription plans would be nice
* The team is small but unquestionably working hard and building the platform
* Surprisingly active Telegram community for this 'under the radar' project
* Token price has remained more or less stable for a long time now
* For every con, there's a similar case found in other crypto projects, these are not specific to Dropil
Crypto Anonymous posted on March 26, 2019 01:42:42
I do agree that indeed the only aspect that would warrant for caution would be the DEX trading bot, other offered services seem reasonably legit and real. I do have some concerns:
Dr. Doom posted on March 26, 2019 00:53:12
I have mixed feelings about this project tbh. On the one hand it looks like the typical suspicious HYIP "AI" trading bot which I would immediately reward with the highest red flag rating available! However this project has some interesting deviations from the usual ponzi trading bot scammer schemes, which makes me wanna give them the benefit of the doubt perhaps.
sabiansoldier posted on March 25, 2019 09:04:55
It's got a very active telegram community, beautiful website / whitepaper / roadmap, team are constantly bringing out new products and improvements, all seems to be well. The only slightly suspicious thing here is the mission statement- it's a "too good to be true" type of deal :
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