Crypto & ReviewsNowadays, 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 BaconDAO 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.
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 BaconDAO 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.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
About BaconDAO
What is BaconDAO?
BaconDAO is a community driven crypto and NFT launchpad. $BACON token holders have access to the membership content such as daily IDO alerts, and Bitcoin analysis.
BaconDAO is also building the first NFT launchpad with NFT Tickets representing vested private sale tokens. Each NFT ticket has tokens locked in according to the private sale ticket’s vesting schedule. The locked tokens can only be claimed by the NFT owner’s address. This allows users to transfer and trade Private Sale Ticket NFTs.
This crenates an opportunity for investors to acquire exit liquidity before the full vesting period is complete for their investments. There is already a booming secondary market for trading vested token investments, this NFT solution provides a universal standard to satisfy this market demand.
BACON is the native utility token that is used for:
- Membership content access
- Academy courses access
- Governance and voting on new content
- Launchpad participation access
BaconDAO Supply
There is no data about BACON supply yet .
Pros and Cons of BaconDAO
Pros of BaconDAO
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website
Cons of BaconDAO
- 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 BaconDAO 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, BaconDAO 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 BaconDAO Safe?
Being willing to invest in any token is a question entirely up to you to answer. BaconDAO 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.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about BaconDAO on the comment section below. Don’t forget to rate and leave a review.
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