Review on Vitae by Stephen Toluwani
Vitae might be a Scam project
Vitae claims to help monetize users social media handles for their contribution. I wasn't granted access to the platform as it's based on an invitation only procedure of enlisting new members to it's program. I then decided to head out of my way to find out more about the project and then learning about them from my fellow Crypto comrades, I learnt that this project is a probable scam. From one of my interactions one-on-one with an Author in Telegram, I learnt that after signing up, one would have to pool in some amount of money in order to join the platform and this raised a Red flag in that area. I then went on with my research and checking it's Maximum supply, saw a 100 million token maximum supply with almost 20 million in circulation. I can't really say but from the way I see it, with the coin trading at around $5.6, it seemed to good to be true and made me doubt the authenticity of what is being offered by Vitae.
I really do not have anything against this project and I hope that I get to update my review just incase my justification against the project is proves wronged but for now, I'd advice to steer clear of projects that makes users to compulsory buy in and stake it's coins before accessing it's platform
Pros
- Monetizes the use of Social media handles to earn
- Website has a good User Interface
Cons
- Requires an invitation link to sign up
- Its total supply and price doesn't tally in the normal Crypto world
