Review on Grimcoin by gregori cordova
A project destined for absolute failure
A couple of years ago, when Bitcoin almost touched $ 20,000, many cryptocurrencies took advantage of that bullish movement to commit scams and speculation. One of those projects was undoubtedly Grimcoin, a peer to peer cryptocurrency, which was born as a kind of fun, trying to emulate the success that dogecoin had. There is data that allow us to recognize this type of scam project, such as a poor capitalization volume, little technical or fundamental documentation about the project or even lack of a white paper.
this project did not meet those basic characteristics that represent any high quality project. In the beginning, it was listed on various exchanges as Trade satoshi or stocksexchange, which are very little known and of dubious reputation. Grimcoin is currently considered an abandoned project, since all its social networks are inactive and its website is closed. Its closure generated a lot of discontent among users who were suddenly affected and could not get their money invested in this cryptocurrency since errors were constantly occurring when processing withdrawals.
It was a project destined to fail and even something very particular is that its symbol was death, something that foreshadowed the future they would have.
Pros
- only a very small group of people were able to make a profit at the start of this project
Cons
- this project did not even have a white paper or legitimate documentation
- was listed on exchanges of dubious reliability
- when you try to enter their website, it directs you to another project, which may seem like they are already plotting a new scam
- all their social networks are inactive
- its capitalization volume was very low and when the developers made some gains from the bitcoin euphoria, they abandoned the project
