Review on TideBit Token by José A Rodríguez
TideBit: A Blockchain Created to be an Exchange (LOW ACTIVITIES ON IT)
TideBit is a blockchain platform with a token created on the ERC-20 network. It belongs to Ethereum and has been a little bit used by some investors. But the overall audience does not like the project due to the low performance encountered there. It is a very simple platform, with an even standard-quality view.
Notably, this blockchain has more disadvantages than positive points since it has a lack of features that cannot make it a complete exchange. One of the issues found here is that as an exchange it is in its basic stage because it does not permit to trade between cryptos, but just fiat to buy other cryptos. Another main issue is that it has few partners, and for that reason, just some altcoins are accepted.
It provides high fees for basic trading, and there is no reason for that since the blockchain does not attach those commissions for gas. So, undoubtedly, this project has not a very attractive view of the things that compound it. Is for that reason that I mark it as a normal project. It is not a scam, but it neither provides trustworthiness.
Pros
- The project has a token that belongs to the long and great family of the ERC-20 type. It has gained recognition for being an Ethereum token.
Cons
- Lots of features were not added to it. The project lacks reliability due to the low consistency in the things it provides.
- It is not receiving good support from its team, and neither from the audience who registered on the news section.
- The referral program is not effective. The section asks for advanced processes.
- It has not had a good activity by being an exchange because it is not so competitive.
