Petals 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 Petals 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.
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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 Petals 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 Petals ?
Content platforms now hold the power of controlling how users disseminate, distribute and obtain contents. Platforms have built high walls, keeping usergenerated contents inside as their own treasure.
Users actively or forced to give up their rights and hand them over to the platforms. This leads to trashy platforms run wild, which is really unbelievable. When information loses its power to interconnect, “Internet” is no more than just a name.
Petals try to rebuild the platform, which benefit all stakeholders. Where the petals fly, the flames of creativity are also alive and growing. Petals, record the beautiful and gorgeous world around you and harvest your own wealth.
Petals is a Web3.0 short video creation and social platform built entirely on blockchain technology, which facilitates value transfer and fair distribution for all users of the protocol. Its innate incentive mechanism is the biggest supporter of the coming Web3.0 era.
Through the redistribution of value, content consumers, content producers, backend service providers or advertisers – are all able to create value and generate their own wealth. Everybody benefits.
There are 500,003,410.00 PTS in supply worldwide.
Pros and Cons of Petals
Pros of Petals
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Binance Smart Chain
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Petals
Cons of Petals
- 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 Petals 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, Petals 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 Petals Safe?
Being willing to invest in any token is a question entirely up to you to answer. Petals 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 Petals on the comment section below. Don’t forget to rate and leave Petals a review.