Little Rabbit token has been doing really well lately, it has pumped more than 700% on coinmarketcap.com, within the last few days. As I always do, I decided to review this token. To help you decide whether the coin is really promising. And to uncover the tokens, scammers use to swindle investors in the industry.
If you are considering investing in Little rabit token. But you unsure if it is legitimate or a scam token? or maybe you are just curious about the token. You are in the perfect website. I have done all the heavy lifting and investigations on your behalf. All you need do is to read through this article. Before I begin this review, here’s a an important disclaimer you need to know.
“I’m not a banker or a financial expert. I will not be held responsible for your financial decision. This article is just a guide. I’m not here to promote or disparage any coin, hell, I don’t even know their creators. I consider my analysis to be objective and fair. If you are not satisfied with the things I say, you can always do your own research“
With that said, let’s begin.
When I am investigating a new token, the below are the things I look out for.
Developers behind the project
What people are saying about the
(If you are a frequent visitor of this website, you should know this already )
I will go on to explain the above points, as it relates to Little rabbit in the coming paragraphs.
Before I do that. This is a little back story of Little Rabbit token, according to coinmarketcap.com
“Our (Little Rabit’s) aim is to maximize your investment with yield farming mechanism that provides sustainable and profitable yields combined with transparent security features. LTRBT Token is capable of gasless instant yield generation. This means that holders can generate yield just by holding the token in their wallet, without any further action required.”
My opinion of Little Rabbit’s ‘back story’
Apparently, Little Rabbit is a token that has a real world use case. The platform offers crypto financial services like staking, yield farming etc. This in my opinion, looks promising. Let’s now dive into analysing the token.
Now, I just discovered there’s a website that is impersonating the original little rabbit’s website. That’s probably where that blogger got his information from. This is a link to the original website. This is the link to the fake little rabbit website.
Little Rabbit token’s website is an okay one. It sort of shares the same design with pancakeSwap’s. The website is not ‘beginner’ friendly, to me. A lot of new bees will get confused navigating it. The website has no ‘about’ section, which does it a lot of disservice, as it will be subject to speculation. Because, I just read a blogger suggest it is a community centric token, aka shitcoin.
There’s no white paper on the original little rabbit website. This is not a good sight. There ought to be a white paper. Even the most random scam coins have white paper these days. This makes them look unprofessional and scamy. Even the fake little rabbit has a white paper, which makes it look legitimate for to an untrained eye.
Market Cap and Liquidity Pool
Little Rabit’s market cap sits at a respectable $49,826,221. For a token that was launched about 6 months ago, this is an amazing market cap. I noticed there a difference between poocoin.app’s valuation of the token market cap and Little rabbit’s valuation of their token.
On their website, they displayed the market cap at slightly above $52, 000,000.
With a total supply of 100,000,000,000,000,000,000,000. The supply is ridiculous. It is clear Little rabbit uses a deflationary mechanism in the tokenomics, as it employs burns to reduce the supply.
The liquidity pool has a combined total of $211,000. With 96% locked permanently in a burne addresses. This is positive. This means that the little rabbit project is here to stay.
Over 354,521 people are holding this token. With it highest holder, owning just 3.8%. This is generally positive. Three hundred and fifty four thousand people! that’s incredible for a token less than one year. There’s a gigantic amount of people holding and believing in the little rabbit project. And to think this project is just 5 months! This project will become more popular going into 2022. You can for yourself here.
Developers of the token
The people behind little rabbit are not known. When a dev team is not doxxed, you have to be extremely careful with whatever they are offering. This is the twitter account linked to the owner of the token.
What people are saying about the coin.
Through twitter, I just discovered that the developers of Little rabbit token, as a matter of fact, just launched another token. Which I have mistakenly called a scam earlier in review. So it means that Little rabbit and small Little rabbit is one coin with two sides.
People are bullish about Little rabbit. Someone in the comment section even called it a gem.
On Disqus, the conversation is littered. I however noticed a few reasonable comments. I noticed one Johny character like to spam the comment section with negativity about the coin. Also, noticed positive comment. Here are some comments.
In conclusion, Little rabbit is a legitimate token that has utility. I don’t understand why they had to create another token though. It suggest their focus will be divided. They however do not have a doxxed team, which is a red flag.
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