1 Level
40 Review
24 Karma
Review on Dropil by Aniruddh Ravel
Dropil Review
Like I said, I see enough positive things in this project to offset most of the suspicious elements, which would primarily be the claim of having a highly profitable AI trading bot. The fact that people can withdraw and get payouts are not necessarily proof that there is a bot though. So weighing pros and cons I would be kinda neutral towards this project, keeping some slight suspicion. Either way, best for users/investors to proceed with caution and as always don't invest more than you are willing to lose!
Pros
- Existing reasonable whitepaper
- Reasonably fair ICO
- Available information is very extensive and transparent; besides the given profit projections, they do give a reasonable disclaimer on their website support documents: "Dropil is not a lending platform and shares no common grounds with these models.
- Indeed they don't sell any "packages" with lock up periods, in fact your principal (deposit) can be withdrawn at anytime; only realized profits need to have been in the system at least 15 days, or else will be forfeited on withdrawal of principal.
- The given locked up founder tokens addresses are indeed in tact (late March19), first address is due for unlocking March19, wallet balance still there, but holders should be aware that the circulating supply may increase substantially in the short term)
Cons
- They do make a claim of projected high potential profits of 1-2% per month up to 4-5% per month, although they do make a proper disclaimer about that.
- This whole project is completely closed source, only the Dropil token contract is published on Github
