Review on NuBits by LUIS RIVERO R
Stablecoin worthless, what happens when it is not backed? SCAM
In general this cryptocurrency is formulated to make and make payments, initially created as a stablecoin, on its website it still says that it is tied to dollar 1 to 1 however when it is verified in the various exchanges where its value is not more than 0 , 08 cents, there is incongruence in the official data and those thrown by the market. In addition to this its characteristics are relatively basic, a crypto made to make P2P payments, saving (issue no longer feasible due to its volatility.) And investments, but it is difficult to think about investing in an asset with data disclosure and with a liquidity and use questionable. Currently they are buying chips and burning them according to official data for the recovery of their value. however, there are not many expectations of market recovery.
This is the sad end to an asset that has no support, and when people simply try to use their money, and these people did not have to pay back since they only had less than 15% of the tokens issued.
Drive very carefully, and I would recommend staying away from this project
Updated 5 years ago
Rating has not been changed
It is no longer possible to call it a stablecoin, it has almost completely lost its value and it can be said that no one trusts in this project, currently only listed in a single exchange that has a low liquidity. For this reason I consider it impossible to recover in any way, since it has no credibility, the development team did not know how to foresee this type of inconvenience.
In general, I consider this asset as an example of failure to bring stability to cryptocurrencies without good planning or a truly large capital that could support it. It is necessary that other Stablecoin learn from this cryptocurrency, not everything is as stable as it seems.
BE CAREFUL, THIS PROJECT IS HIGHLY VOLATILE AND THERE ARE GREAT POSSIBILITIES THAT YOU CAN FIND ABANDONED.
Updated 5 years ago
Rating has not been changed
This has been one of the biggest scams so far. Now it is listed in an exchange of doubtful origin. after the great fall he could not recover his value.
Pros
- Low cost in transactions.
Cons
- Little liquidity
- This listing in a recognized exchange.
- Impossibility to stay stable 1 to 1 to the dollar.
- It was delinked from bittex a short time ago.
- Team had no reserves to buy back and keep the price.
- They issued many more tokens than they could support.
