Hello dear reader! Today, we would be reviewing Hydrogentoken ($HGT). Just so you know Hydrogentoken has just been listed on cryptocurrency apps like coinmarketcap.com and coingecko.com. It has pumped 3471% in the last 24 hours.
Like I always do, I’ll be checking out this token to find out out two things. Whether it is safe for investment consideration, for those looking to invest in the token, or whether it is a scam project that is going to “rug pull” or “honeypot” like the SQUID token.
Before I start, here is a thing we need to understand and agree upon
I am not a banker or a financial expert. I will not be held responsible for your financial decisions. This article is just for educational purpose, consider it a form of entertainment. I’m not here to promote or disparage any coin. I consider my analysis to be objective. If you are not satisfied with the things I say, no problem. You are encouraged to always do your own research, whether you agree with me or not.
With that said, let’s get Started
When I am checking and investigating a new token, especially tokens like Hydrogentokens, that are very green in the market. The below are the things I look out for.
Developers behind Hydrogentoken
What people are saying about the Hydrogentoken
I’ll be giving a blow by blow explanation of the listed point in the coming paragraphs.
The first thing I noticed about hydrogentoken’s website is the unoriginal theme of the website. I have been reviewing cryptocurrency website’s for a long time now, trust me when I say, a website is unoriginal. You see that purple gradient design, it’s a go to design option for dev lacking in ideas. Aside that, the website is easy on the eyes and simple to navigate. Hydrogentoken’s website is also ssl secure, which is always a good thing. The website’s description begins with a question I find uncomfortable.
You can tell that clearly didn’t come out well. It is either English language is not the first language of the developers, or they skipped their English classes. To me this is a subtle red flag. This red flag starts being less subtle when you read on.
“As the HYDROGEN team, our main goal is to increase the use of Hydrogen (H) and to stop global warming.”
This ambition is clearly a red flag. Self appointed “avengers of the universe”, trying to stop the monster that is global warming. It sounds funny to me. Like, who the f*ck are these people and how are you going to spread the use of hydrogen, stop global warming and also double or triple my f*cking investment? They didn’t answer. They rather went on to give us a boring lecture on hydrogen, in broken English. This is a very obvious red flag.
Another redflag I noticed was the “Our project” button that doesn’t direct visitors to anywhere.
They hurriedly went on to announce their tokenomics like they just delivered a world-class pitch.
Let’s move on to the white paper
Nothing spectacular was said on the website. As a matter of fact, it lacked detail. It was basically a colorful useless piece of digital paper. But, I’m going to explain hydrogentoken’s tokenomics, and the subsequent feature of hydrogentoken.
Hydrogentoken has the most unclear tokenomics I have ever seen in this space. I have been looking at the chart for 30 min now, and I still don’t get it. The essence of a white paper is to pass your point across with much details and as clearly as possible. These hydrogentoken guys are absolutely great at not doing that. Red flag here.
Feature of Hydrogentoken
The hydrogentoken team promises to stand by you (Lol). They claim you will get 10% Commission from transactions. Lastly, hear them explain token burn.
“Every token sold will be burned and as the amount decreases, it will provide continuous gains to our investors.” How can you burn every token sold? Is it a rebase token? I have no clue. Red flag.
Market Capitalization and Liquidity Pool
Unsurprisingly, hydrogentoken has a “twerking” market cap and liquidity pool. I’m not even going to bother with the figures and analysis.
Here’s a picture prove. Poocoin.app has signaled it to be potentially fraudulent.
I’m not going to bother with what people have said about hydrogentoken or who the developers are. This token is a scam coin. It was design to steal your money with the promise of fighting global warming.
Thank you for visiting my website. Don’t forget to drop your comments. They energize me to do more. Kindly share this review, if you find it worth sharing.