Review on Abitshadow Token by gregori cordova
a project aimed at the virtual reality environment, which is still under development
We constantly see in the crypto market, projects that intend to cover different services on the same platform, in order to create a fully interconnected ecosystem and thus offer users a more effective experience. Abitshadow is one of those platforms, whose objective is to offer an environment for developers of virtual reality technologies and connect content creators and users, promoting the growth of that industry and giving investors a complete ecosystem in which they can get away from fluctuations and market volatility taking advantage of a public blockchain that can be audited at any time.
Abitshadow offers not only a wallet in which to store your digital assets, but also a decentralized DEX peer to peer exchange, an erc20 token called ABST that gives life to the ecosystem and that serves to pay commissions, trade with lower commissions, online purchases etc. Abitshadow works under a pow and pos consensus mechanism with nodes and masternodes so that users can be more attuned to the platform and influence its growth, integrity and security, while generating profits by keeping ABST tokens in their wallets. This project is still in development, and on their website, there is not much technical information or a roadmap that specifies how they will achieve their objectives. Some details that I could verify is that there is a total supply of 500 million tokens and that 50% of them are in reserve, while the rest is divided between airdrops, Ico or marketing.
However, after conducting a more detailed investigation about this project, I still have many doubts about its ABST token, since on the platform they say that it is listed in several exchanges such as vindax, mercatox, coinlim, but in coingecko and conmarketcap it is not listed in None, and there is still no clear reason, nor any statement from the developers about the future of the token and the updates on the platform that they had planned, Although as it is a project in development, it may be listed soon in those exchanges, meanwhile I consider that it is very risky to invest with these conditions
Pros
- It is a decentralized multiplatform company aimed at the development area of the virtual reality world
- It not only offers a decentralized exchange and its own token, but will also offer a mobile wallet in the future
Cons
- In their whitepaper there is no roadmap or detailed information about the project
- Its market capitalization is only $ 39,000 and its daily trading volume is close to zero
- Their web platform is very unprofessional, for a project that claims to offer so many services
- They do not have a great acceptance in social networks
- It seems to me a very risky project to invest, since it does not generate confidence
- Although its platform says that they are listed in several exchages, the reality is that they are not yet available in any of them, and they have not given statements of when they may be available to exchange
