Review on RedCoin by Stephen Toluwani
The utility token of a community gone down led to the closure of this project
Red coin is one of the projects that spranged up during the period of the ICO boom in 2018 and was the utility token for the Red community in which every developer or individual who contributes to the open-source projects gets to receive a tip. With the community actually going down and winding up on its members, so also did the Red Coin project also begin to crash Both in value and utility because it's main utility was found to be within the red community which became faltered with new policies.
You can't even access the website for this project anymore. It doesn't have any trading activity as one wouldn't even want to interact with a cryptocurrency with no direct utility or a reason to buy. The project is dead and abdanonded and there might be no coming back
Pros
- I have no positive comments to relate with this project
Cons
- The crashing down of the red community also ushered in the death of the red coin project
- The Red Coin cannot be traded as there is no liquidity
- The website is also down and cannot be accessed
