Review on HonestCoin by Joseph Bello
IS THIS COIN WHAT IT CLAIMS TO BE
From Honest Coin's website we are told that the coin has an equivalent value with the US dollar and that it was a regulated digital token by the US. The tokens value in Reavin shows that the selling price of the token is exactly one dollar but the daily trading volume of the coin was zero, which means Honest coin hasn't been recognize and accepted by many traders as an alternative to the US dollar digital currencies like Tether( USDT) ,Gemini Dollar and Binance Dollar (BUSD). From my own point of view there are several strong competitors that offer digital currency whose values are pegged to that of a US Dollar and so I'm pessimistic that the Honest coin would have a glimpse/chance of becoming an highly esteemed alternative to other digital currency already in existenceI was also confused about the coins actually value because on Coinmarket Cap Honest coin had a price of $0.02,I also checked the present value on coin gecko,yet no difference and with that in view it means the coin is not what it claims to be because the coins present value is 50× less than the value of a Dollar.
Pros
- None
Cons
- The coin isn't what it claims to be
