Crypto 24 / 7 News

« on: Today at 07:45:54 AM » CETO (Crystal Elephant Token)Topline: A short-term crypto savings account with penalties for early withdrawal within 30 days.Every transaction is taxed 10% and distributed as dividends to all tokenholders.YES• Based off the similar P3D hourglass contract style that’s been previously audited and peer-reviewed and still running exploit-free• Auto-reinvest feature makes it easy to compound your dividends on your capital without using TRX in your wallet (they take the transaction fee from divs)• 30 day early withdrawal penalties up to 75% of your principal has led to < 10 sales in six weeks over 1500 transactions• Wildly undervalued at < 20 TRX/CETO, considering they have yet to release a product• They’re releasing product! Newly published roadmap suggests 7 product releases by May including dice game, Blackjack, lottery, and a derivative that lets you leverage your CETO outside the contract to swap for other tokens• 1.4M TRX in the contract• Low transaction fees compared to ETH (20 TRX/transaction, ~$1.00)• Technical transparency from the team: when a technical difficulty put funds at risk, they moved everyone to a new contract, documented their work in a bug report, and added 12 CETO to our balances on top• They’re expanding into ETH and BSC! People who love high fees (ETH) or low fees (BSC) will get a crack at CETO next week.They’re selling slots on their Ambassador List pre-sale now.NO• Anonymous team• On the controversial, lower profile Tron blockchain • Getting TRX can be a hassle for American users (but they did add a link on their exchange to a fiat gateway for buying TRX)• Only 124 wallet addresses/community is still small• Not a lot of shilling going on.I’m the only one making videos consistently on the project• It’s been a little slow lately.Without product, the revenue stream is tied to pyramid economics of new money and reinvestment• Like P3D, token is restricted to its own smart contract. But the WCETO (Wrapped CETO) derivative they’re making should be like wrapping bitcoin and swapping it on the Ethereum blockchain.They say WCETO will let you take your CETO outside the contract to swap for other TRC-20 tokens• Underfunded? Seems like they’re trying to community-fund a bunch of their projects with the proposed CETO Foundation.This may explain why there’s not a lot of YouTube shillery of the project because they haven’t paid enough people to do it?• They’re expanding to ETH and BSC.Does this show lack of faith in TRX? A moneygrab? Will this confuse the average buyer? They say in their roadmap they will be making their games and products across all three chains but will they abandon them if any one chain is less successful?Verdict: I like being early to stuff and I remember how sweet it was when P3D was pumping in the midst of Crypto Winter 2018.It’s biggest flaw – pump-and-dumps – seems to be fixed by the early withdrawal penalty.I’ve been in on CETO since Day 1 as a retail investor (I’m up 312% since Feb. 3rd), but I’ve already bought slots as an ambassador for ETH and BSC.Tron CETO Ambassadors (was reserved for the team and their friends) got in for < 9.17 TRX/CETO (starting at 0.001 TRX); we’re now at 18.5 TRX/CETO.This, along with Klever (KLV), is one of my two biggest moonshots rn..