Review on CUTcoin by Franklin Uloneme
What I Learned About CUTcoin
Overview
Concealed Untraceable Transactions (CUTcoin) is a functional crypto currency project that promises its users anonymous transactions and total privacy coupled with data protection and opportunity to earn passive income through staking.
CUTcoin uses Proof of Stake consensus algorithm and advanced cryptography.
Conclusion
CUTcoin is a promising project and would be very useful to crypto currency investors and enthusiasts who are very much concerned with anonymity
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Conclusion
CUTcoin is a promising project and would be very useful to crypto currency investors and enthusiasts who are much concerned about their privacy and data protection.
I would give it a rating of three out of five.
Pros
- 1. Privacy Focused - CUTcoin uses advanced cryptography to ensure anonymous transactions and data protection.
- 2. Trading - CUTcoin is easily available for trading on several exchanges including TradeOgre, Crex 24, Stex etc.
- 3. Wallets - CUTcoin offers an offline wallet and a web wallet which makes it easy to carry out transactions on the go.
- 4. Staking Pool - CUTcoin offers guaranteed income to its users through the staking pool. For example, if you stake 100 CUTcoins for 31 days, you would gain an additional 4.24 CUTcoins as profit.
- 5. Transparent Interest Rate - CUTcoin's interest rates are clearly stated on the website and it is constantly updated to help you make informed investment decisions.
- 6. Block Explorer - CUTcoin has a simple, straightforward block explorer where you can check the status of your transactions.
Cons
- 1. Low Transaction Volume - The volume of transactions on CUTcoin is low.
- 2. White Paper - CUTcoin's white paper has little or no information that will enable a potential investor to understand the direction of the project.
- 3. Insufficient Info - The information about CUTcoin on the website's homepage is just a one-liner. It should have 3-5 lines of text/graphics explaining the project clearly.
- 4. No Address - CUTcoin has no physical address on its website. C'mon, even an ant has a home address. They should include a physical office address to gain the trust of potential investors.
- 5. Serious Competition - There are similar projects out there that are ready to give CUTcoin a run for their money.
