Review Date: November 24, 2019 13:58:26
Welp, another one bites the dust! Gladius was a super interesting project that raised about $12 million in their ICO in late 2017. They aimed to build a decentralized solution to mitigate DDoS attacks in an effective and affordable manner. Everything sounds good so far. However they have since run out of funds and that's a big problem because they self reported to the SEC and was ordered to return funds to investors. But they instead dissolved, closed down all of their social channels, and put a notice on their site that they have closed shop. All of this without returning funds at all. But then again can you really blame them? They didn't have any more funds to return after their self reporting... lol.
Review Date: November 05, 2019 09:30:42
Stellar (and XLM) was born when Jed McCaleb had a disagreement with his co-founders at Ripple (XRP) over mission/direction of the project. So Stellar is super similar in its goals - basically it's a payments infrastructure primarily focused on easy/cheap/global payments. One thing I really do like though is Stellar's mission. They want to make it super easy, accessible, environmentally-friendly, and much more open/decentralized compared to Ripple. There's already a lot of development going on in the Stellar ecosystem due to the great work by the Stellar Development Foundation (SDF). There are companies that build tokens/stablecoins on top of Stellar and even other projects that just utilize the SCP (Stellar Consensus Protocol) since it facilitates super fast and cheap transactions on-chain. Bonus note: recently the CEO of Stellar announced in early Nov. 2019 that they did an in-depth analysis of how many XLMs or lumens they'll actually need to accomplish their goals and they decided that the total supply dedicated to them was too much. So they decided to burn HALF of their own supply (55 billion XLM). Price shot up immediately afterwards in the market but regardless I have to give them props for being honest about their goals and what's needed to achieve it!
Review Date: October 03, 2019 20:30:46
Kin has tried to make itself out to be the victim with its conniving "Defend Crypto" initiative against the SEC. While I do hate the SEC and think it should stay away from most crypto projects, Kin isn't one of them that deserves our sympathy. It's public knowledge now that their core business was a failure and they were struggling to stay alive in 2017 so they decided to raise an ICO to scam investors out of $100 million. This helped elongate their runway but now they've announced that they are officially shutting down their Kik messenger app (which was shocking but also not surprising at the same time). Anyways even my community peers who bought Kin and had hope in their project now want to sell. They've taken a beating more than other altcoins in terms of USD and BTC value. This is a dead project, stay away and stop lining Ted's pockets with more fiat.
Review Date: October 01, 2019 14:20:39
I really prefer not to hate on "hobby" coins and rain on their parade, but for this one I feel the need to warn people about. This is a WAVES token and it's really hard to find info about them. I can't find info about their team nor do they have a white-paper readily available. Their website straight up just includes a couple of paragraphs and then has a "Buy" button. From what I can tell they are from Brazil and are pitching this as a social cryptocurrency for which their community can spend on products/services. However I don't know if any merchants/businesses are accepting their coin (my bet is no). Basically stay away from their ICO / token sale unless they spend more time explaining what they are doing, what their vision is, how they are building adoption for their token, etc.
Review Date: September 21, 2019 20:33:31
One of the only projects that promised a Crypto Debit Card and actually delivered! I personally got one and have been using it seamlessly without problem... of course I prefer not to use my coins but if you want to use it anywhere that accepts Visa, this is a very very simple way to do so. MCO is their token which you have to stake in order to get better cards and better benefits. For example different tiers lets you get airport lounge access, higher cash back %s, Spotify/Netflix free subscriptions and much more! Go check them out yourself I'm super happy with this project and their promises so far and their MCO has a true utility unlike some other "utility tokens".
Review Date: August 21, 2019 04:06:44
So even though this project isn't the most actively developed nor does it have the strongest Value Proposition, Litecoin still has a very long and established track record since 2011. Furthermore it's founder Charlie Lee and the Litecoin foundation are very public and transparent with the public which I like. They serve mostly as a testnet for Bitcoin and hence doesn't really do that much breaking development work. They mostly just implement tech that Bitcoin already has or has been planning (like I believe Lightning Network and Atomic swaps came to Litecoin first because they are more nimble). Many beginners do like LTC because of its cheaper value and fast times, but that's pretty much all it has going for it.
Review Date: August 13, 2019 01:26:10
Welp, looks like this one is a scam for the history books. Reggie Middleton, the owner, raised millions during the ICO and promised a ton of stuff to investors that never came to be. Now he's been looking to move funds around but the SEC is filing an emergency stop ruling to prevent any further misappropriations of investor money. Check out this article from Bloomberg news for more info... https://news.bloomberglaw.com/white-collar-and-criminal-law/sec-sues-to-stop-financial-guru-from-using-coin-offering-funds?utm_source=rss&utm_medium=WCNW&utm_campaign=0000016c-8748-da22-a7ff-a74950950001
Review Date: August 12, 2019 16:30:34
I've noticed DeepOnion shills around for over a year now (since early 2018). Their bots/shills spam across most of crypto social media about their project. This is especially prevalent in Crypto youtube video comment sections -- people post there about DeepOnion under like every single video made by crypto youtubers. This is a very distasteful strategy and makes them look like Pump and Dump scammers (even if they are not). Besides that I just know they are a TOR-integrated privacy coin which isn't even that special. Just use Zcash, Monero, Grin, Beam, etc. Heck, I even give Verge more credit than DeepOnion....
Review Date: June 17, 2019 13:01:02
Big fan of this project that takes a whole different approach to the Distributed Ledger Technology field. They move slowly but surely even after attacks from prominent members of other communities. Their Trinity wallet was a god send after 1+ years of using their old and clunky GUI wallet. Also they are indeed centralized but they have put forth a plan to remove their central "Coordinator" called the Coordicide. Once that has been fully implemented and after Qubic (their smart contracts layer) becomes operational, IOTA will truly be a force to be reckoned with in the cryptocurrency world. Maybe all the large organizations like Jaguar Land Rover, Austin city mobility, Bosch, and Taipei city know what they are doing when they decide to formally and publicly partner with IOTA foundation to use their tech.
Review Date: June 05, 2019 22:44:41
Bitcoin, the granddaddy of them all. The most resilient crypto coin and also the one best suited to be hard money. It is both a store of value and a means of exchange at the same time. Right now the store of value part is the stronger point, but with 2nd layer solutions like Lightning Network, it will be super easy and fast to transfer Bitcoin like electronic cash as well. This is probably the only project with an anonymous founder that is still legit (Satoshi Nakamoto - no, not Craig Wright). Bitcoin spawned a ton of copycats, probably all of them you should steer clear from and just stick with the original - the only censorship resistant, hard money in the world.
Review Date: June 05, 2019 22:41:36
I've long been a fan of Ethereum and the community's professional and collaborative approach. Ethereum is the pre-eminent smart contracts / Dapps platform in the crypto world and was the reason why there were so many newcomers into the crypto space in 2017/2018. Ethereum of course has its hurdles and roadblocks, but with so many smart people working on improving this platform daily, I have the utmost confidence that their approach will bring them to the promise land. And that promise land is building the world's decentralized super computer where anyone can interact with censorship resistant financial code.
Review Date: April 11, 2019 23:40:14
This is definitely a huge scam that's plaguing newbies mostly OUTSIDE of the crypto world. This is like Bitconnect or Onecoin - getting people around the world via email chains or social media posts. It has all the classic elements of a ponzi scheme - binary trading, 14% weekly returns (yeah right), and a MLM referral type structure. Please everyone if you read this DO NOT throw your hard earned money into this scam. They've already been investigated and chased by authorities around the world as well, just look it up on Google.
Review Date: March 30, 2019 11:49:57
Ok so to be fair, I don't think they are outright an exit scam. They have a real team, public videos showing the team, an active Telegram group, and a pretty fully fleshed out website. That being said, I don't think they need their own token except to fundraise. I'm also not sure how many of their numerous services are actually operational or being used by anyone. Why offer like 12 services/products and do it poorly? Why not focus on 1 at a time and get them proper adoption/exposure first?
Review Date: 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.
Review Date: March 26, 2019 10:20:50
They market this coin like its a new cryptocurrency but its just an erc20 token. Fully minted, can't find any info about the team, "developers are volunteers", need I say more?
Review Date: March 21, 2019 20:22:20
I know the founder Jeff and he has a very public persona in the crypto space. He's the founder of the largest crypto Facebook group - Cryptocurrency Investing and asked me to try out the platform as well. I tried it out and everything works well - I'm rooting for them to get traction and take off so they can take on Steemit. I see nothing shady about this project, pretty legit in my opinion as a social network.
Review Date: March 07, 2019 19:02:22
The name says it all. Focusing solely on the investment aspect of this coin instead of any potential innovation they are bringing to the table (little to none from what I can tell).
Review Date: March 04, 2019 20:19:35
Loved this idea, too bad I didn't come up with it haha. It was hilarious, this guy told ppl explicitly NOT to buy his worthless token yet many people did. He also included a public estimate of how many flat-screen TVs he'd be able to buy from the "donations" people sent. Because of the radical honesty/transparency, I can't give this project too shady of a score. Yet it is anonymous and has no value except comedy so I can't give it the lowest Shady rating either!
Review Date: February 28, 2019 16:03:20
Massive confirmed pyramid/ponzi scheme. Still noobs all over the world are apparently still falling for it. I won't write too much about this expect drop a few links from respected sources that should help convince you that it is a shady ponzi:
Review Date: February 12, 2019 18:34:28
This project is a BitTorrent competitor running on Ethereum. Unlike BitTorrent, they had a really small ICO and has focused on the product instead of generating hype/buzz. Their Dapp is live and usable right now, basically you get incentivized to "seed" torrent files for the P2P file-sharing network. Reason I'm putting *Slightly Shady* is because of the team's pretty secretive identities.
Review Date: February 08, 2019 13:52:57
This is a very interesting project with a legit existing partnership - Socios.com. They are doing tokenized voting rights starting with football teams. Reason I'm putting slightly shady is two-fold: 1) It remains to be seen the extent of voting rights for major football clubs and whether more clubs will join this model and 2) they are using private blockchain Proof of Authority instead of public blockchain on open Ethereum. (they have ERC20 token) Oh but I do like that they didn't need a public sale at all though. Only private sale and airdrops. Public sales = higher chances of hurting the public.
Review Date: February 06, 2019 13:34:30
Once again a project where the founders are most likely pulling an exit scam. They have removed all signs of the project from their social media accounts (Linkedin, Twitter, etc.). Plus a lot of their core team members are anonymous. Yet again another blockchain 3.0 project promising a lot but failing to deliver. Stay far away.
Review Date: February 04, 2019 22:44:25
Wow just came across this project that had an ICO in the deepest part of the bear market but was still able to sell their tokens and also get quite a bit of appreciation since then. This project is similar to ICON, Wanchain, Polkadot, Cosmos, etc. -- it has to do with blockchain "interoperability" -- making all the different blockchains work together. They are based in the UK and seem to have a legit and strong team. I don't know if we need so many different interoperability projects though, we need some killer dapps first. That said I think this project is legit, not shady at all.
Review Date: April 17, 2019 00:51:15
This project is one of those new-age ones in the crypto space that aren't even that similar to other projects. It isn't using blockchain per-se and it is trying to build infrastructure for the decentralized internet. A lot of buzz-words and HIGH ambition. At least they are real people working on the project and their GitHub is active. So I'll give them the benefit of the doubt for now. But... do they really need a token, especially if they aren't using blockchain??
Review Date: January 30, 2019 11:48:44
Honestly, I like the concept of using a token to incentivize seeders in the BitTorrent file sharing ecosystem. However, this screams of a money grab by Justin Sun and Tron. Cool that they bought out BitTorrent, but why not just utilize TRX for this project? They want to print more money and turns out only whales were able to get in on the ICO held on Binance. I just don't have a good feeling surrounding this project.
Review Date: January 30, 2019 11:40:22
On the one hand, Tron is super active and trying to find mainstream adoption use cases in crypto. On the other hand, their CEO Justin Sun shills like no other, bought BitTorrent with Tron proceeds, and has been accused of engaging in a Pump and Dump scheme with Binance.... There are better projects out there that are Tron competitors imho.
Review Date: January 29, 2019 11:20:39
This is Richard Heart's shitcoin if you don't know him, just look him up on YouTube... also the basic gist of this is to give all Bitcoin holders an airdrop as an ERC20 token. But if you don't claim your BHX then they go into an unclaimed pool which gets distributed over time to all HODLers. Heart says that all the unclaimed ones like Satoshis or Mt. Gox funds wont be dumped on people in his coin. Sounds to me like he wants to dump on ppl with his own new coin...
Review Date: January 25, 2019 16:46:40
So this was one of the most respected and hyped projects actually. They initially had a crypto debit card which everyone in the crypto space wanted. But after it was in circulation for a bit they got cut by Visa I believe and then there were no more cards. They also worked on a few other things like the COMIT protocol but I'm not sure if those ever got released or took off... Finally their loud and public co-founder Julian Hosp recently left the company in Jan. 2019. This could be taken as good OR bad but I think it's bad. If he wasn't taking the whole thing seriously or wasn't equipped to lead the company then they never should have been where they were before....
Review Date: January 08, 2019 23:22:55
So this project split from Ethereum (ETH) when its supporters refused to support the DAO hard fork to return the hacked funds from the smart contract. "Code is law" they said - which kind of means no hard forks (planned or otherwise). However in mid-January 2019 they underwent a 51% attack and large blockchain re-org. Which means double spend attacks successfully happened and exchanges were forced to pause transactions regarding ETC and take much longer confirmation times. This looks especially bad since some of the dev teams haven't been as active lately and took quite a while for the ETC community to notice what was going on... I'd steer clear.
Review Date: December 17, 2018 03:59:19
This project was once super hyped up, even by the largest influencers like DataDash. Their goal of creating a more "open" Internet made every one excited in this age of censorship and net neutrality drama. However, they have not delivered on their roadmap goals at all and recently they have held a 2nd ICO which many ppl think is just a huge cash grab (especially since they aren't even accepting SUB tokens for their 2nd ICO).
Review Date: December 17, 2018 03:56:19
Met the CEO Jessica Versteeg in person and she's a true crypto believer. They have Paragon office spaces and have achieved parts of their roadmap as well. Unfortunately, the SEC had to make an example of their ICO being unregistered securities so they had to pay back their investors but I'm still rooting for them to succeed and to build a weed ecosystem with crypto.
Review Date: October 18, 2018 00:42:38
Honestly, I don't see why people continue to invest in this project. There are way better ones (without all the negatives) in the crypto space that serve the same purpose - privacy/anonymity. Go with Monero/Zcash instead.
Review Date: October 16, 2018 19:18:07
Bitcoin Cash in and of itself isn't that bad but they have a lot of bad actors surrounding it. For example, Roger Ver often tries to convince newbies that Bitcoin Cash is actually the "Real Bitcoin" and many people end up buying a Bitcoin that they did not mean to in the first place. On top of that BCH happened due to a hard fork which is a pretty nuclear option in the eyes of many old school crypto proponents.
Review Date: January 10, 2020 13:13:59
I haven't used this as a merchant before but I've used it as a customer to various online stores that want to accept crypto. It's super simple and easy to use. Only a few clicks, send my ETH, and it receives the payment after sufficient block confirmations. Then wait a little bit and the online store gives you the credits! Pretty seamless and great for when I want to pay with crypto instead of PayPal.
Review Date: January 09, 2020 23:13:30
Pretty big fan of this news aggregator focused on the crypto world. When I was more actively creating content, I was visiting this website all the time to find the latest news from a variety of sources. They pull from popular websites like CoinTelegraph to social media sites like Reddit. It's a good place to look at everything that's going on to see what people are covering and talking about. There's also some customization available but I don't really use that, I just stick with the standard settings.
Review Date: January 09, 2020 23:08:57
I like Twetch, it's pretty self-explanatory, it's like a tokenized Twitter. Every action has a corresponding micro-payment associated it. You either have to spend a few cents to take an action - post, follow, like, etc. OR you receive a few cents if other people comment, like, or follow your content. Everyone is a publisher and can get rewarded for good content. Best part of this approach is that it disincentivizes spam and shit-posting. Because that has a real cost to it if you want to spam like crazy and everyone just ignores your content. My concern with this approach though is that it's very experimental on a broader scale. Not sure if you can convince millions of people to fund their account and have to think that hard before they take actions. Sometimes you just want a more mindless platform, right? So on an economics/psychological perspective, I still have to wait and see if anyone besides BSV whales will adopt this platform on a larger scale. Fingers crossed for it to succeed though!
Review Date: January 09, 2020 19:15:29
The Yubikeys are a MUST own for all serious crypto investors/traders. They are the most secure 2FA option out there - with a hardware security key. This means that even if hackers gain access to your accounts/passwords/etc. they STILL wont be able to steal your coins or other account access if they don't physically have your Yubikey. Basically hackers need to have your Yubikey in their hand AND know your password in order to hack you. Pretty much don't have to worry about all of those foreign Russian, North Korean, or Chinese hackers trying to steal your funds. The actual set up process is super easy, they have a Start page that tells you how to connect with a variety of different online services like Google account, password managers, exchanges, and much more! Coinbase, Binance, and many other exchanges offer Yubikey integration. Only thing is that if you lose your Yubikey you'll likely be locked out of your account and won't be able to access it without a lengthy recovery process so there's that.
Review Date: January 06, 2020 18:52:21
I'm a big fan of Willy Woo's contributions to Bitcoin via all his work with on-chain analytics and fundamental analysis. This part of his website offers a treasure trove of charts and metrics that show us the pulse of Bitcoin, whether it is NVT ratio, HODL waves, or other analytical measures. Not sure if any of them will always be accurate predictors of Bitcoin's price, but I do personally put more value to his analysis than pure chart traders.