Review on CryptopiaFeeShares by LUIS RIVERO R
Token for cryptopia investors.
Current status of this project: This token has no value, it lost its value at the time of exit from the crypto market.
New updates: Website related to this project out of service.
Price during its ICO or maximum price: It reached a maximum price of more than 10k USD.
Current value: 0
Utility: no utility.
This was a limited token issued by cryptopia approximately 6300 CEFS.
Now, what is the utility of this asset ?: Simply being the owner of this tea towards a kind of shareholder of the company, due to its limited amount it reached really interesting values, especially because 4.5% of the net profits of the exchange would be distributed monthly to all CEFS Holders, they were only issued to the shareholders of the company.
Main problems to highlight.
-Being a token tied to an exchange, its value fell to zero when the scam was known, its holders lost all their money, this must be taken into account with other assets of different exchanges.
-Company related to this project is in liquidation and with lawsuits. (It is more than a year old) The detail of this company is that it could not do like others to disappear since it was registered in a country with apparent cryptocurrency legislation.
-Loss of 15% of funds in total.
-No movements for more than two years.
In general, it is still not clear in which way the money will be reimbursed to Cryptopia users, now less to the owners of this asset since they literally have no commercial value, it is not like other available currencies.
Pros
- You received 4.5% of the net profit per market.
Cons
- Token has no commercial value.
- Because it is a token issued by an exchange and this hill, from one moment to another has no use
