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LUIS RIVERO R photo
Venezuela
1 Level
1191 Review
4270.25 Karma

Review on Vether by LUIS RIVERO R

Revainrating 3 out of 5

Token issued under the standard test of value, that is, the ether is burned.

This is a security token and capital endorsement in Ethereum contracts, its main characteristic is that the total amount to be issued is small, with a fixed issue volume
When accessing its platform we can notice that it is very similar to any other fork of UNISWAP in terms of its graphical interface, now its utility is based on the burning of Ethereum called proof of value, that is, the users are the main endorsement of the value of this asset since depending on its daily burning it will be the value of the token.
All ether burns are verifiable, users can burn as many times as required per day and obtain a relative amount of the 2048 tokens issued on the current date, although this token will drop in price as more tokens are burned and blocked. plus Ether.

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Pros
  • Token backed by the burning value of ETH.
  • Your amount of emission will be reduced according to the amount of daily burn.
Cons
  • I could not verify that your code has third party verifications.