Review on ZrCoin by LUIS RIVERO R
The token for this project seems to be useless or not get enough attention from developers.
This project was launched as an initial offer of coins to finance it and, according to the proceeds, it would be invested in its development, construction and execution.
The characteristics of this token is that it is backed by a real asset that generates demand, which can generate large income, the money collected according to official data is used for the construction of the synthetic zirconia manufacturing plant, raw material previously selected and presented to the investors.
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As for the team that integrates this project, everything seems to be fine, since they have documentation or data that can be corroborated (however this information is not available in my research). A field investigation would be more prudent since there is not much data.
The considerable aspects before investing in a project like this is to verify the authenticity of its developers as well as its viability, in addition to taking into account that it is executable, it is necessary to verify all the legal documentation in the country where the infrastructure will be developed and It is also important to keep track of the progress and reports presented every certain period.
In this project we can see news or outdated execution reports which makes a negative impression for any investor.
In general it is NOT a good investment at this time this project seems to be stopped, there are no updates or new information on its current development.
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Pros
- Infrastructure development and commercialization of a real product support the token.
- If you wish, you can request the money invested in raw materials.
Cons
- There is no information or updates since 2017, project is stopped.
- According to their official Telegram account, they are currently unemployed due to local bans.
- Taking into account the time in the market, it is still listed in few exchanges.
- The main problem is that there is data that cannot be corroborated since it is not reported to the general public.
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Comments (1)
August 08, 2020
ZRC seemed like such good crypto to invest backed up by a physical product. The product is also well in demand and I hoped that the crypto as well as the industry will do great. I wonder why it just stopped.
