Review on 4ART Coin by Benaiah A. Akinlade
Treading carefully with 4ART Coin
4ART Coin is a product of 4ART Technologies which is a transaction platform that is powered by blockchain. The platform helps users to manage everything that has to do with artwork. Users can span from private art owners or collectors to museums and galleries.
4ART helps investors in purchasing and selling artworks by using the 4ART Coin as a medium of exchange.
Currently, the most active markets involved in trading 4ART are KryptoGlobe and Bittrex. As at the time of this review, I discovered that the price of 4ART Coin is $0.062178 and have 24 hour trading capacity of over $70,000. It currently boasts of a circulating supply of zero coins with maximum supply of 3.51 Billion in coins.
For a second, let’s come to think of this; 4ArtCoin is an ERC-20 token which have nothing in common with artwork.
What I think is going on here is that some people are registering themselves as affiliates of KryptoGlobe, and they are giving cryptocurrencies for 4ArtCoin tokens, and thereby making more money for the people getting the crypto currencies.
I don’t know whether there is any internal value for 4ART, but I am very sure it currently has no public value and it may never have any public value in the foreseeable future.
I was also able to discover that the activities of KryptoGlobe is purely pyramidal in their client recruitment structure. For example as a client, if you invite another person to invest in 4ArtCoin tokens, you get paid for it and you get paid when your invitees invite others too on and on and on.
So this begs my question; what happens there is no more people to recruit?
My guess is as good as yours; Those who were recruited last and haven’t recovered their investment by recruiting others will lose money and possibly life investments. Those that have made money and come back for more may fall victim also. As all pyramids collapses.
I don’t see 4ART coin going all the way
Invest Wisely!!!!!!
Pros
- Early investors will make money
Cons
- Late investors will lose money
- It is structured as a pyramid scheme
- I fear it’s a ponzi scheme
