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95 Review
314.75 Karma

Review on CoinDeal Token by Patejl Patejlson

Revainrating 3 out of 5

CDL - not a good investment

I have bought a decent amount of CDL as a native token of the exchange of the same name last year because I was lured by the use case as it can be used for lowering fees but what was more important - staking feature. The staking is quite different that you would expect as you can choose to get your gains in BTC or USDT, The yield was pretty high. There was also option to vote for new token to be listed and get reward in CDL for that (there was only conition to hold at least 100 CDL). The problem arised when the platform lowered APY significantly, Stoped having the voting. The price of token dropped sharply. Overall it was not a good investment as the yield did not compensate the price drop. Worth to mention that on the exchange is the only trading pair with CDL is BTC so the opportunity cost was quite high according the current price of BTC.
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Pros
  • staking feature
  • lowering fees
  • voting feature
Cons
  • price drop
  • loosing traction

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