AquaGoat Coin Review: Legit or Scam?

AquaGoat coin currently occupies the third position on CoinMarketCap’s trending list. I went through their recent chart and it has dramatically gone up.

It is for this reason I have decided to review the AquaGoat coin. Therefore, if you are planning is to invest in AquaGoat coin, curious, or maybe you are already an investor in  AquaGoat coin. This review was written with you in mind. I have done the checks, on your behalf. All you need do is to find a quiet place to read through this review.

Before I begin, I’ll like to let you know that,

“I’m not a banker or financial expert. I will not be held responsible for your financial decisions. This review is for educational purposes, consider it a form of entertainment. I did not write this review to promote or disparage AquaGoat Coin. I consider the analysis to be fair. Do your research whether or not  you are satisfied with the things I say.”

With that out of the way, let’s go.

When I am looking at a new token (Wolverinu), to confirm its actual nature (Legit or Scam), the below are the things I look out for.

Website

White paper

Market Capitalization

Liquidity Pool

Developers behind the AquaGoat

What investors are saying about AquaGoat

This is what CoinMarketCap has to say about AquaGoat.

“AquaGoat is a decentralized frictionless yield-generation utility eco-token. The token operates on an automated liquidity-locking and self-staking direct distribution protocol, providing safe, secure, and hassle-free transactions and yield-generation for all holders.

AquaGoat is the native utility token of the AquaGoat.Finance ecosystem and will be used for: Network donation pooling and staking E-commerce integration for use in material purchases AquaGoatSwap Crypto-Asset exchange APY farming and staking NFT marketplace transactions

Recognizing the harmful impacts of cryptocurrency mining on the environment, AquaGoat focuses on ocean conversation efforts, helping to offset, mitigate, and potentially reverse the damage done by humans and conventional mining processes of the past, all while generating income for network participants.

Background AquaGoat was stealth-launched by an Australian developer on April 7, 2021. Since its inception, an international development team was formed out of investors from the community. Continuing with the community-driven aspect, the development team aims for community involvement and maintains full transparency for the project, holding polls and discussions with the community for key decisions with the project, culminating with a community-led decision to pursue ocean rehabilitation efforts with The Ocean Clean Up.”

Personal Opinion.


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The fact that AquaGoat was launched in April 2021 and is still around and trending is a major plus for the token.

AquaGoat’s Website

AquaGoat’s website is an okay one, in my opinion. It doesn’t make you drool but it effectively does the job. You can tell it was created by a professional. I like the fact it is SSL secure and fully optimized for different screens. The description begins with what I consider an announcement.

AquaGoat is in partnership with Miss Earth, USA to help spread awareness to causes that affect the environment.

The real introduction begins in the second section of the website. According to the website,

“AquaGoat is a sustainable community-driven project to protect our ocean”

I believe the above quote is self-explanatory. The website went further to explain the AquaGoat as a “yield-generating social cryptocurrency. Members of the AquaGoat ecosystem earn interest from network activity, all while benefiting the planet through our charitable partnerships.”

For those who do not understand the term yield generation. Here is the meaning. Yield generation means investing in AquaGoat gets you high returns or rewards in the form of additional cryptocurrency.

We also find out that AquaGoat has been listed on relatively small exchanges like Hotbits, XT.com, and LBank.

It is important to state here that AquaGoat coin is perhaps the only crypto asset that has an established address listed on their website.

“1312453 B.C. LTD. 511-10777 University Drive Surrey BC V3T 0E6 Canada”

If you live in Canada, maybe you’d want to help us verify this claim. I, however, you see this, I think it helps push the case for their legitimacy.

AquaGoat’s Tokenomic


The Initial supply of AquaGoat coins is  1 Quadrillion tokens. For context 1,000,000,000,000,000; this is a lower supply compared to the V1 for a higher value per token. This means that AquaGoat has successfully migrated to the V2 contract abandoning the V1 contract.

Investors will automatically earn 4% in reflections of every transaction simply by holding Aquagoat in their wallets.

1% of every transaction goes to the Ocean Blue Fund (wallet) to be used in funding ocean-related efforts and conservation initiatives.

5% of all transactions go to locked liquidity ever-increasing the price floor.

In total, investors are taxed 10% upon every transaction on the AquaGoat ecosystem. This is to say that successfully buying or selling AquaGoat coin will take away 10% of your investment or profit.

AquaGoat’s White Paper

Unfortunately, AquaGoat’s coin has no white paper.  I do not know what to say about this because, usually,  I come down heavy on projects without white papers. But this token has been running for months without a white paper. Which sort of cement its position as a meme coin with no pretense. However, not having a white paper is not a good look, especially in a market obsessed with white paper.


Also Read: Titano Review: Legit or Scam?


Market Capitalization and Liquidity Pool

According to Poocoin.app, AquaGoat’s market cap is $10,915,007. This market cap is still very low in my opinion. For a token that was launched in the second quarter of  2021. It hasn’t grown as the developers will like. The market however indicates a significant number of people are already in this project and holding.

Also, the liquidity pool is estimated to be worth $315,842 according to poocoin.app. According to bscscan, 96% of the liquidity pool is locked in Legion Network. This is generally seen as good.

The number of holders of AquaGoat Coin is climbing up. It currently has 58,582 holders, which is impressive. This indicates a significant number of people believe in this project and are holding it long-term.

Developers behind AquaGoat Coin

AquaGoat coin is one of the very few meme coins that have a doxxed team. A man called Patrick Aberin is the project Manager. This is what the website has to say about Patrick.


“Patrick started as an early investor into the AquaGoat project and from there, has moved up to be the Co-Project Manager where he is responsible for the general development of the project. Patrick’s vision of “Earning investors passive income while funding ocean cleaning and conservation initiatives” is well on its way with the projects that AquaGoat has already been a part of”

Other members of the team are
James Jamison, Jhunehl Fortaleza, Eddie Banyaliev, David, Apinan Issarakura
Na Ayutthaya

These doxxed developers’ profiles also look very legitimate. You can tell that the developers aren’t trying to hide anything from the general public. Also, the fact that the main team consists of people that live in the United States and Canada, where laws seem to work is a green flag.

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What investors are saying about AquaGoat

On Reddit, there’s excitement around AquaGoat because of the token’s latest rally in price.

On YouTube, from a video posted a month ago, some investors believe the token is a good one.

Conclusion

I do not say this often, I believe this token is legit. The team is doxxed and seemingly hard-working and the holders seem patient and believe in what the token stands for. Information about its tokenomics was subtly not emphasized, we, however, found out that it functions as a reward token. The fact that was launched 8 months ago and has a market cap of 10 million signals to me that the marketing team is not doing enough to attract new investors on a steady basis.  Marketing is key in this crypto game. Another thing I noticed is that holder of this token aren’t actively shilling this token. If you must invest in this token, be ready to contribute to its growth by shilling the hell out of it. If not, growth will be slow and very bumpy.

If you enjoyed this review, leave a comment and also share it. Your comments encourage and give me the energy to continue writing on this website. You can also check out other reviews I have done. You never can tell what you’ll find.