Nelore Coin Review – Is Nelore Coin Legit or Scam

Nelore Coin Review

Nelore Coin 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 Nelore Coin 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.

Nelore Coin Review

About Nelore Coin

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 Nelore Coin token by explaining what the coin is about, tokenomics, Roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.

What is Nelore Coin?

NELORE COIN is an agricultural business token with multiple farms under management focusing on COW production in Brazil that gives rewards based on real profit.

The transaction tax goes to a Treasury account where the money is invested on buying or renting farms in Brazil. This way it creates an intrinsic value that should uphold bear markets and grow with bull markets.

The selection of farms is very important so it can be the most profitable for the money invested.

Those farms produce a profit which is used to buy NLCs from the Liquidity Pool. Coin buying usually happens every month and in the worst case 2 months.

Since the start of the project, NELORE COIN already bought 2 farms in Brazil capable of producing 20.000 COWs with a total of 20 hectares of land.

The team at NELORE COIN is composed of Agricultural experts with more than 20 years of experience. It was founded by CEO Marcos Rodrigo, Vice President Carlos Junior and CFO Emerson Muller. Now the team consists of more than 10 people and are in the process of hiring several more.

Brazil is the biggest exporter of Agricultural products and NELORE COIN is the first real agricultural token based on Brazil with a real company already created.

In the future, it aims to be the biggest farm manager in the world combining WEB3 features into a very old-fashioned sector of the global economy.

With blockchain technology it aims to tokenize its NELORE COWS through an internal NFT system and create a Marketplace for real-time transactions of multiple Agricultural products. And it aims to record immutable and trusted data onto the blockchain such as the production, distribution, and sales history of every product.

Nelore Coin Supply

There are 1.00B NLC in supply worldwide.

Pros and Cons of Nelore Coin

Pros of Nelore Coin  
Cons of Nelore Coin  
  • 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 Nelore Coin 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, Nelore Coin 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 Nelore Coin Safe?

Being willing to invest in any token is a question entirely up to you to answer. Nelore Coin 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 Nelore Coin on the comment section below. Don’t forget to rate and leave Nelore Coin a review.