Review on ELTCOIN by Mehdi hazni
A failed project and almost abandoned
Contrary to its name (Coin), this currency is actually a token based on ERC20 and has long been abandoned by the development team. Their last post was posted on their Twitter page in 2018, which is a long time. On their website, 4 exchanges have been introduced for trading ELTCOIN currency, but according to coinmarketcap, only one exchange can trade this currency (I personally checked the mentioned exchanges and did not find any other active currency for ELTCOIN except mercatox pair)
I checked the block explorer of this contract on ERC20 network and the transactions of this network are very few (I have put a screenshot of it at the bottom of the review)
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Pros
- I saw a few activities from their Admin in their telegram group
Cons
- There is only one exchange for trading this currency, which will be completely worthless if the exchange deletes pairs
- According to their Twitter page, it seems that the production team has abandoned it
- 4 exchanges have been introduced in the website to buy this currency, but only one of them is active, this indicates that their website has not been updated for a long time.
- Very few transactions are performed in this ERC20 contract
- Extremely low prices of ELTCOIN currency over time
