Review on BlockCAT by gregori cordova
This project disappointed many users and left without explanation
Blockcat was a project that allowed to create smart contracts through the ethereum blockchain with just a few clicks, since it did not require programming skills, and anyone could do it. This novel initiative managed to capture the attention of some investors who believed in the project
One of the main objectives of blockcat was to create an international access market that will provide online purchases, online tickets, etc., through a decentralized platform with easy access for all types of users. Users could also schedule airdrops to manually claim their tokens to Ethereum addresses.
This project was under the direction of a team of developers and engineers who guaranteed a perfect operation in the network as well as a great marketing department since even forbes spoke about this project.
But as we have seen previously, many of these companies play with the need that exists in certain markets, by promising a series of innovations that many times they are not capable of fully fulfilling. The blockcat team was one of many, who took advantage of the dizzying fall in the price of bitcoin in 2018 to abandon the project, after having reached a capitalization volume of more than 28 million dollars. Nowadays there are many users disappointed, because they had placed their hopes on a project that seemed to have good intentions but could not fulfill the promises of its whitepaper
Pros
- they offered innovations in the market aimed at people who wanted to create smart contracts but had no knowledge of programming.
Cons
- they never fulfilled everything promised is their roadmap
- a project with a very large amount of pre-mined coins that failed to obtain much market value
- the project is completely abandoned by its developers and they have not given explanations about it
- the liquidity of the project reached very low levels, and many users were unable to withdraw their investments as they were blocked.
- one of the many projects that took advantage of the 2018 bitcoin price drop to scam its users
