OLXA (OLXA) - Reviews & Ratings
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|Crypto Anonymous 171 rated: April 01, 2019 00:53:29|
Be very cautious with this coin. Apart from issuing the ERC20 token there has been no innovative development anymore on the cryptocurrency. Only accomplishment apparently is the admycash platform that doesn't seem to be needing a token at all (but only for that at least they have been delivering more than most of these types of shady projects). Whitepaper explanation about solving double spending problem is laughable and clearly intended to mislead uninformed readers. Claim of being a private and anonymous cryptocurrency is honestly just completely irresponsible and dangerous + the (poor) pseudonymous feature has nothing to do with the project itself but is inherent to Ethereum; and even bitcoin achieves more pseudonimity than Ethereum AND is a more secure network as a bonus. 92% of supply is held by 1 address. Don't be naive and think twice,thrice before handing out your money to people that are deceiving you. These types of bogus cryptocurrencies are just bad for the reputation of legit projects, because people are going out there promoting these crap coins to the outside world, which will not leave a favorable experience for them. So kudos for the team to deliver an unrelated to OLXA token utility with admycash (but as per what was mentioned by someone else about what kind of crypto business users will be promoting through that platform, one should be very cautious not to be promoting scams unknowingly), but the amount of misrepresentation and red flags are just too overwhelming.
- I don't expect the team to actually exit scam, however my expectation is that the cryptocurrency part of this project is going to die a slow death and a lot of everyone's time and energy wasted on a completely pointless initiative based on false premises.
- at least delivering some kind of working product (even though it is as good as totally unrelated to the token's utility)
|stellarowl12 180 rated: March 30, 2019 11:44:43|
Ok so I don't think this project is as bad as some of the other ones so I won't give it the worst rating. That said it's likely a misguided money grab - inadvertent or advertent - who really knows.
Dr. Doom covers a lot of the red flags already and I agree with most of them - they team does need to clean up those concerns to come across as a more serious project.
I do like that the team is showing their identities publicly though. AdMyCash looks cool - no idea if anyone is using it though. But besides that I don't think many of their promises and "benefits" of their coin are actually true. They are mentioning those features just for marketing purposes. That's why I still think this project is shady and I personally would not invest in it.
|dr.yibto 4 rated: March 29, 2019 05:28:11|
olxa project seems promising while they have faced many critical issues with very low fund raising
|mhd 4 rated: March 28, 2019 14:38:57|
|Dr. Doom 195 rated: March 28, 2019 07:39:25|
Somehow scam coin projects think it is a good idea to list their project here! Well, I guess that if you believe that even bad advertisement is still advertisement, then I guess they have a point! So onto my personal opinion about this scam coin, because yes, I do believe this is another one of thousands of scam coin vaporware. Has a lot of similarities with Wixlar actually, one of those is the claim and promise of a credit card in Q1 2019, well I wouldn't hold my breath and to me the projects (with a few minor exceptions, but broadly speaking) that claim they will offer credit cards are highly highly suspicious!
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