Pleasure Coin (NSFW Token) Review: Legit or Scam?

Hello there, long time no writing from this end./First, I want to apologize to all my loyal readers). Writing can get exhausting sometimes. But I’m back now. I plan to tone down on the reviews though, because, I have noticed reviews do not have a long shelf life. If you are new to my reviews. You are welcome. Today, we will be talking about pleasure coin NSFW. The coin is up 20,000+%.

This number is generating a lot of interest from both new and old investors. And considering we are entering a bullish market, many new investors will be entering the murky and unregulated crypto world. The point of this review is simply to help meme coin investors determine whether Pleasure coin  (nsfw) is a legit token or not.

Before we begin this pleasure coin review, you have to first know that, “I am 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 things 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.

Do not become a Victim of a Crypto Scam: Qatar 2022 Token is not a good investment. Here’s Why.

What is Pleasure Coin?

According to coinmarketcap.com, pleasure Coin is also known as xxxNifty is an NSFW Adult Content NFT Marketplace. The platform changes the way fans interact with their favorite adult content creators. NFTs and $NSFW Tokens allow users to participate in exclusive content, view limited streams, and interact with their favorite adult content creators in a completely new way through the power of NFTs and Blockchain. As it is, the token just migrated from the Binance blockchain to the polygon blockchain.

Reviewing Pleasure Coin’s (NSFW) Website

Pleasure coin (NSFW) listed two websites on coin market cap. These websites are pleasurecoin.com and nsfwpay.com. Unfortunately, the former is down, that is, it is not live. While the latter is under maintenance.

Therefore, I could not review the websites. However, since pleasure coin has two websites, I think it doesn’t tell well of the developers of the token that both their website is down at the time. And it is sad because, without the website, we do not have a tokenomics and a whitepaper. We do not really know what the token is about.

Shiba Toby Review: Legit or Scam

Pleasure Coin On TokenSniffer.com

On tokensniffer, pleasure coin NSFW is rated 40%. This is a below-average rating. Which is common in the crypto space. Tokensniffer highlights that the token’s contract source has both its positive and negative sides. Here are some of the negatives. Pleasure coin’s source code is unoriginal. That is, it appears to be a clone of another token. This suggests it is a low low-quality contract. 
The developers or creators’ wallet contains a massive 64.03% of the total supply of the token. This could have a large impact on the token price if sold or dumped. Another negative is the fact that the token’s liquidity is not locked. Not enough liquidity is locked/burned which could allow for significant amounts to be removed (rug pull). For the positives, even as the liquidity is not locked, the liquidity seems to be adequate. The developers of the token have renounced their ownership of the token. And there are no whales in the NSFW ecosystem.

Developers Behind NFSW

The people behind pleasure coin or NFSW tokens are not known. This, in my opinion, increases the risk around the 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 NFSW

Investors in this token are seemingly happy about what the token is doing right now. The mood general mood around the token is optimistic. Here are some of the comments of investors on Twitter.

However, the links to the NFSW Reddit and Medium profile have been deactivated. This sort of raises eyebrows.

Conclusion

In conclusion, the token has been around for almost a year or more, it has survived a very harsh bear market. If it were a scam, it would have gone extinct by now. This doesn’t mean that the token doesn’t have red flags. In my opinion, however, this token is a low-risk investment.  It is growing gradually and organically. Perhaps now is not the right time to invest in the token because of the massive pump. If you however decide to invest, talk to the developers and holders and try to understand the vision of the project. The token currently has more than 20,000 holders and a 60 million market cap.