Review on Ethereum Lite by gregori cordova
A very poorly organized project and without a well established whitepaper
It was an Erc20 token based on ethereum that promised to be much faster, and cheaper than other cryptocurrencies (something that many projects want to achieve). This project did not have an ICO phase, since it was distributed in an airdrop at the end of 2017 where 1 million coins were distributed. Since ethereum was created as a means of payment for smart contracts, Ethereum lite wanted its token to function as a global currency that could be used in all businesses, by working directly with them, to promote the use of the currency.
But the project did not have the support of the community, and very few people participated in the airdrop they launched. They announced a program for holders, in which a certain amount of coins would be distributed monthly as a reward, but it was something that did not happen, because the project was canceled, and most of the users who were staking, could not agree to withdraw their funds, since it was delisted from the only Exchange they had at that time, which was Yobit.
The project quickly disappeared in the same way it was created, and they have not given explanations about it. This is one more case of the disappearance of a project, for not having support and for not meeting certain parameters that would allow them to obtain more confidence from investors.
Pros
- Nothing. A very poorly organized project.
Cons
- This project had a very poor white paper, which they even said could be changed at any time without notice, something that is synonymous with a possible scam.
- 1 million coins were created, and they did not have the support of the community to distribute them all, which made their value go down by 99%
- The website was closed before the people who were holding the coins could withdraw them
- Telegram chat and all its social networks are inactive
- It was a project created by inexperienced and unprofessional people.
