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 Hackerlabs DAO 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 Hackerlabs DAO 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 Hackerlabs DAO
What is Hackerlabs DAO?
Hackerlabs DAO ($HLD) is one of the world’s first compounding hyper-deflationary tokens, powered by a community of builders.
The idea is simple: they’ll cultivate a strong community of builders and fund their projects from the Hackerlabs DAO treasury.
These projects will earn revenue, and part of the revenue will go towards market buying and burning the primary Hackerlabs DAO token ($HLD).
Over time, as more and more projects are launched, they’ll see an ever-increasing amount of $HLD burned, making it hyper-deflationary as they continuously reduce the supply, and as a result, increase the value for all holders.
As a DAO, they’re laser focused on cultivating and empowering builders to build products with a $HLD burning mechanism, tethered to the success of their product. In this way, they can be viewed as a decentralized startup accelerator.
Hackerlabs DAO Supply
There are 364.63B HLD in supply worldwide.
Pros and Cons of Hackerlabs DAO
Pros of Hackerlabs DAO
- 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 Hackerlabs DAO
- 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 Hackerlabs DAO 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, Hackerlabs DAO 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 Hackerlabs DAO Safe?
Being willing to invest in any token is a question entirely up to you to answer. Hackerlabs DAO 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 Hackerlabs DAO on the comment section below. Don’t forget to rate and leave a review.