Review on Oxycoin by Othere Obtentus
Token dead in the market
OXYCOIN is a collaboration of blockchain professionals working on a plan they came up with to make the cryptocurrency world more accessible for people without extensive IT-skills what want to start investing in blockchain technologies.
OXYCOIN launched its ICO in 2017 with an unverified ICO team. None of the team members were verified and it is difficult to conclude if all of them are actual person or not. Since its ICO, its price has dropped by a negative 100% which means that the funds of investors quickly devalued with time. It had some minor ups and downs in for some time after the ICO but within 2 years the trading volume fell to almost nothing. As of few months into 2020, the trading volume fell to absolute 0 along with its daily circulating supply indicating that OXY was no longer actively trading in the market.
The roadmap of OXYCOIN is nowhere to be found and it looks like it never published one in the first place. OXYCOIN was an unplanned and undeveloped project with an unverified ICO team. Its objectives were very ambitious but vague and by the look of its history it seems as if it was launched only to accumulate the wealth of the investors without serious management or motive of execution.
Its twitter account no longer exists and all the developing and managing team have disappeared since 2019. It is listed on only one exchange with no active trades which means that any investment made on OXY is an only one way buy trade without any demand in the market.
Pros
- NONE
Cons
- None of its team members are verified
- Its twitter account no longer exist
- No trading volume, no tokens circulating
- No roadmap
- Its ICO disappeared with generated capital
