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 Charactbit 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 delve into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Charactbit 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.
What is Charactbit?
The Charactbit project is a project for subculture that says its goal is to promote cultural activities in the cryptocurrency ecosystem. In particular, virtual characters were cited as an important element of future metaverse. it hope that the Charactbit(CHB) Token will be used as a tool for subculture enthusiasts to become more active in the ecosystem.
Charactbit was founded in 2021 and is named as a compound word for character+bit. In the Charactbit ecosystem, virtual characters are called Forms, and there are individual tokens representing the creator’s value of Forms Token. Against this background, they will provide a donation platform. With the issuance of Forms Token, additional rewards are given to both sponsors and content providers to increase ecosystem activity and scalability.
This is a unique mining system of Forms Token that interacts with the Charactbit Token. The Charactbit project aims at metaverse and Animations, and is set in a huge worldview of Pandea.
There are 1.60B CHB in supply worldwide.
Pros and Cons of Charactbit
Pros of Charactbit
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Solana
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of Charactbit
- 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 Charactbit 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, Charactbit 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 Charactbit Safe?
Being willing to invest in any token is a question entirely up to you to answer. Charactbit 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 Charactbit on the comment section below. Don’t forget to rate and leave a review.