Scrap is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Scrap are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Scrap token by explaining what the coin is about, insights on the project listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Scrap?
Taiyo Robotics was acquired by Solport Tom on the 22nd of December 2021 when the floor price was 2 sol. The community had lost complete faith in the project. It became clear that the old developers didn’t want to continue with the project and were heading down the path of a slow rug.
Taiyo now consists of two road maps the official Taiyo roadmap, which is Taiyo-exclusive products, and then the value-add road-map which focuses on Solport.io a community driven marketplace powered by the Taiyo community.
As of the time of us writing this, it’s been 1 month and 16 days since the project was “de-rugged”. Taiyo in now thriving with real leadership with a proper dev team behind the wheel.
No data about SCRAP supply yet.
Pros and Cons of Scrap
Pros of Scrap
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Solana
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Scrap
Cons of Scrap
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Scrap Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Scrap have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Scrap Safe?
Being willing to invest in any token is a question entirely up to you to answer. Scrap token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
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