Review on BowsCoin by Stephen Toluwani
Dead project, active website
Bowscoin is an abandoned project which turned out to have no use case that will make an effect in any way. The website which is still currently up tells the users or people who open the site that the project is dead and the site is only managed by a betting platform. It's good that they do indicate that though. The main utility of the project I saw was the mining of the token. Where then does it gets it's value? I guess many people came to understand that it had no utility and decided to abandoned such failed idea. Now the coin is not listed anywhere but still portrays a value of 1 cent on CoinMarketCap and other platforms. I believe it must have had a good sense of strength that lets it keep it's price value. It might have been used for making Transaction though that wasn't indicated. The project is gone for now. But I can't say if they will revive it
Pros
- The website is still up but not running. It although indicates to people that the project is not active
Cons
- The project is dead and inactive
- It couldn't provide a use case except for mining
- Mining of the coin doesn't give it it's intrinsic value as it only increases by purchase
