Review on PRASM by Stephen Toluwani
Do your Research on ICO before participating. Prasm did away with Investors funds
ICO Scams of the years back were said to be one of the worst. Prasm is also one of those projects that couldn't bring any utility before Engaging in an exit scam on the ICO investors. The project according to its whitepaper during the periods of its ICO rounds, was said to be created for the sole purpose of facilitating mental wellness of its users. This use case still baffles me in it's application, probably they had applications in the making to implement a system to track mental state of its holders or something, though they never had to implement any of its ideas after it's ICO rounds. Interesting to note that the ICO round was very successful before the developers which turned out to provide actual wrong profiles closed down on the project. As an ICO Investor, I see no reason to why they never did more research into the background of the purported Developers. Today, this project and it's utility token are totally useless. The website cannot be accessed and it's token cannot be sold which emanates into total loss to the ICO Investor of this project.
Pros
- The project has no positivity to its outlook
Cons
- Prasm project pulled an exit scam on its investors
- No one can trade the tokens they purchased in the ICO round
- No use for the token. No website for the project. No information to follow through on the progress (which is inevitably none)
