Review on Bankera Exchange by Killer Bean
Bankera exchange used its ICO to make much profit without having its investors in mind
Bankera Exchange is a centralized exchange founded in 2017, there is actually no known news or information concerning the founders of this exchange. The exchange allowed for deposit through fiat currency and certainly cryptocurrencies. Well, I'll be talking mainly concerning the native utility token of this exchange, which is known as BNK.
After the Initial Coin Offering (ICO) in 2017, the company raised between $150 million and $200 million, after which the price of the utility token dropped by 90% if the ICO price, making the token worthless, this benefitted rhe company immensely but not on the sides of the investors. This actually made me not even have anything to do with the exchange even after it claims ti have been rebranded to SpectroCoin exchange. The exchange doesn't allow investors from US. Loading the exchange actually takes alot of time. Well in my own humble opinion, users shouldn't trade on this exchange any longer because of the tendencies to closing, which it has.
Pros
- The Exchange has its own token, BNK
- The exchange allows for deposit via fiat currencies and cryptocurrencies
Cons
- The exchange had its ICO where it actually made much profit before devaluing the token
- The website takes time to load
- US Investors aren't allowed in the exchange
