HunnyDAO token is on a surge for the past 24 hours leading to a worldwide trend in the cryptocurrency world. It is one of the fastest rising coin in the digital currency terrain, which a lot of investors have singled for research. Most often, these tokens are usually weak to invest hugely on, as a result, a lot of money have been gained and also lost depending on the legitimacy of the project. This review will guide you and explain HunnyDAO in a way you will understand.
For those that lost out when Bitcoin, Ethereum, Dogecoin all had a quick run up, you will want to learn more about this token for FOMO. On this article, we will review HunnyDAO by explaining what the coin is about, listing the pros and cons, the supply and how legit/safe the token is for investors.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
What is HunnyDAO?
HunnyDAO re-invent a technique used by the old central banks to peg its own LOVE token with a basket of decentralized assets (e.g: BUSD, BNB, HUNNY) which is stored in the HunnyDAO treasury.
A differentiating factor of HunnyDAO as compared to others is that HunnyDAO will introduce a secondary treasury that is backed by the profits of the Hunny ecosystem which includes HunnyPlay, HunnyPoker and others, since they have been around and their established products have been generating revenue, they are not only able to back HunnyDAO with assets received in the treasuries but they are also able to ensure longevity with the constant growth of Hunny’s entire ecosystem.
There are 8,230.00 LOVE in supply.
Pros and Cons of HunnyDAO
Pros of HunnyDAO
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Binance Smart Chain
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of HunnyDAO
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on exchanges
- No Github profile
- They have no reddit acount
- No Bitcointalk thread created
- No traceable features on tradingview
Is HunnyDAO 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, HunnyDAO have a very weak back up for the token they produce. Their public profiles are vague therefore making it difficult to determine their level of transparency.
Is HunnyDAO Safe?
Being willing to invest in the token is a question entirely up to you to answer. The token with a weak backup, will likely succeed or not depending on whether the project team puts in an effort to sustain the project.
Make personal research on the coin, visit coin’s official website.
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