PFTM 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 PFTM 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 PFTM by explaining what the coin is about, listing the pros and cons, the supply and how legit/safe the token is for investors.
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What is PFTM?
$pFTM (Pegged FTM) is the main token with an unlimited supply. Keep in mind that the supply is unlimited, not infinite, which means that there will be new $pFTM minted as soon as 1 $pFTM > 1 $FTM (TWAP > 1.01). This is to increase the supply so in turn the price will go down and meet its soulmate, $FTM. When 1 $pFTM < 1 $FTM, the minting of $pFTM stops in order to not push down the price any further.
$PAE (Ripae Cross-Chain Share Token) is the heart of the operation.
Not available on coinmarketcap.
Pros and Cons of PFTM
Pros of PFTM
- There is a surge in the market price currently
- Project whitepaper available
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of PFTM
- 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 PFTM 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, PFTM 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 PFTM 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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