Metapay is a token I’m familiar with. It was launched sometime in January this year, since then, it has been in and out of the top gainers on coin market. Many investors seem to think it is a legit project. Whilst, some others have concluded it is a scam coin. The point of this review is to determine whether the token is indeed a scam, using the various tools and common sense. So, if you are interested, want to know more about MetaPay, or maybe you are already a holder. This article was made with you in mind.
But before we begin, you have to know that, I’m not a banker or a financial adviser. I will not be held responsible for your financial decisions. It is important to verify or fact-check the information you got from this review and make your conclusions. This article is just a guide. Consider it entertainment. With that out of the way, let’s begin.
What is MetaPay Token
According to the description on coinmarketcap.com, ‘MetaPay is a token that you can shop in the Metaxion universe (that has been) created. With MetaPay, you will be able to sell the parcels and avatars you will buy in this metaverse universe later if you wish, and you will be able to convert them into MetaPay tokens’
Clearly, English is not the first language of the developers of this token. The use of language is unclear and rather choppy. For some people, this is a red flag. Let us go on to review MetaPay’s website.
Reviewing MetaPay Token’s Website
MetaPay’s website is unique. However, the design is basic in my opinion. MetaPay website description has the same choppy tone as seen on coinmarketcap. A quality project would have hired a good English writer to communicate their ideas better. For instance, on the hero page of the website, it reads and I quote.
“Are you ready for the Metaxion universe?
The Metaxion universe is the gateway to the new world. The easiest way to invest in this universe is to buy something.”
The above statement is rather disjointed and lacking in meaning. The developers doubled down on this trend by saying and I quote.
“What can we do in this (Metapay). The free and untraceable order created by the meta-universe has encouraged us to develop a brand new payment method. This payment method is called MetaPay! You can make your purchases with this payment method, which is only valid in the Metaxion universe.”
The rest of the website is an unfortunate continuation of the above disappointed and unclear statements. The only thing I got from the website is that the token is a metaverse project that is not live yet. The rest of the description is gibberish. Granted, there’s a demo version of the ‘metaverse’ they are trying to create. But does that mean anything in the grand scheme of things?
MetaPay Token On TokenSniffer
Through token sniffer, we find out that MetaPay is rated 6O%. This is an okay score. It slightly makes you confident in the token. Tokensniffer highlights that the MetaPay contract source has both its positive and negative sides. Here are some of the negatives. MetaPay has an 11.7% selling few. This is a high selling fee. Also, the contract is not renounced. This could either be a good thing or a bad thing, it depends on how you look at it. A contract being renounced has its benefits, however, it comes with its drawbacks. An unrenounced token allows the creator or current owner to modify contract behavior (for example: disable selling, change fees, or mint new tokens). However, these days even renounced tokens still have loopholes that enable criminal functions.
Now to the positives, the token’s sell fee of 3%is reasonable. The token has adequate liquidity. There are no potentially toxic whales in the MetaPay ecosystem. 97% of the liquidity is locked for a significant of time (102 days, at the time of writing this review).
Developers Of MetaPay Token
The folks behind the token are not known. This, in my opinion, increases the risk around the metapay token. It increases the risk because we do not know whether they are folk investors can trust or whether they have the right skillset to deliver on their promise.
What Investors are saying about MetaPay Token
As we said earlier, there seems to be confusion around this token. Some people think it is a scam, others think the token is legit. A look at the token’s profile on Reddit, Twitter, coinmarketcap, and others will tell you that. Here are screenshots of what investors are saying about the token.
In conclusion, MetaPay, as it is, is a shitcoin. The developers might not run a rug pull or a honeypot. However, the project, that is what they are trying to build is not clear, and is lacking any inherent uniqueness. The token has anti whale mechanism which prevents immediate dumps by investors. Which is good, if you ask me. I do not think it is a scam. However, it is a pointless project as it is.