Tails Coin Review: Legit or Scam

Tails is one of those coins I have been meaning to do a review on. The truth is, not many people know about tails coin.  Investors and observers of meme coins have predicted the silent rise of this token soon. This review was done in anticipation of these predictions.

If you are just knowing about tails coin and frantically doing your research in the hope of investing in it. Or maybe you are already an investor in tails. This review is for you.  I have done the investigations,  on your behalf. All you need do is to find a quiet place to read through this review.

Before I begin, here’s my regular disclaimer.

“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 Tails coin. I consider the analysis in this review to be fair. I encourage you to do your research, (verify claims) whether or not  you are satisfied with what you see.”

With that out of the way, let’s go.

When I am looking at a relatively new token (Tails coin), 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 Tails

What investors are saying about the Tails

(If you are a frequent visitor of this website, you should know this. For context 80% of my readership are new people)

Website

Initially, I struggled to get access to tails coin’s website. This is because, the tails coin website listed on (my favorite crypto app) coinmarketcap.com, does not connect. This is one of the reasons I didn’t do a tails review. It was a struggle getting the tails website.


This review saved our readers millions of dollars


This is a red flag and an L. If they changed their website for whatever reason, they need to update it in the different platforms they are listed in. Something about this suggests carelessness in my opinion.

I finally found Tails coin website after frantically searching the internet and I was disappointed. I thought it was a fake one. I had to confirm the contract address to assure myself, I was dealing with a legit website.

Tails website is surprisingly has a basic design. I’d agree if anyone calls it is low-budget. The color combination is chaotic,  not pleasing to the eyes. I however like the fact it is SSL secure. The description begins with an about us section. According to tails

“Every groundbreaking token begins with a series of small ideas that are combined into an all-inclusive one. At TAILS, we wanted to change how investors see the concept of crypto projects, by offering a simple and user-friendly ecosystem they can trust. Our team of incredibly bright-minded individuals has dedicated an immense amount of time and effort to ensure that your investment is safe and secure, 100 years Liquidity locked.

Where Tails failed in web design, it looks like they have an A1 in the description.
I like their use of simple, clear words and sentences. Anyone can understand what they are trying to communicate. You read the above ones and you understand immediately. They are not trying to confuse with “cryptospeak”. The big and exciting claim is 100 years liquidity lock. We will have to verify that claim.

Tails’ Ecosystem

TAILS is a reflection token that was created with the community in mind. It also has utility tokens connected to gaming, NFTs, and the metaverse in its ecosystem. For those who don’t know what a utility token is, they are one of four types of cryptographic tokens that represent digital units of value on the blockchain. It’s helpful to think of them as coupons or vouchers.

These utility tokens are $Knuckles and $GSonic. I’ll briefly do an explanation of the two tokens.

Knuckles

Knuckles is a game token where HODLRs of TAILS and KNUCKLES will be able to stake their tokens and NFTs to earn ETH.

Gsonic

Gsonic token gives you the right to vote on future developments and gain access to other benefits in the Tails ecosystem.

Knuckles and Gsonic have a SEGA feel about them. And even, if you are not careful you’d think tails is collaborating with SEGA, to produce a game on the blockchain. Which is sort of misleading.

Tokenomic

Tails Coin has a total supply of 1quintliion, for context, 1000,000,000,000,000,000 (eighteen zeros). This is funny to me. The total supply is ridiculous. There must be plans to burn the hell out of this supply.

Tails contract has been renounced. This is a good thing. Most token creators hide behind ‘community driven’ to push their tokens. It’s good to see that Tails community-centric has been proven with its creators renouncing ownership of the token.

Holders of tails get 2% reflection rewards for holding the token.


Heard about Wolverinu?


White paper

Tails coin white paper is the funniest white paper I have ever seen. I don’t know whether I should call it a one-page white paper or not.  I like the design though. It is however rich in information. I’ll be explaining some of the things  I think are important.

Tax Upon every buys and sells.

An investor is taxed 10%  upon every buy and sell conducted on the trails ecosystem. This is how it is broken down. 2% is redistributed to holders on all transactions in the form of $TAILS. Another 2% is added back to the liquidity. Again, 2% is distributed to the team. Lastly, 4% is split between marketing and development. I think the tax and the breakdown are reasonable.

The Tails DAPP is currently under development. The DAPP will provide holders of trails with an easy way to track their staking rewards via their mobile phones. A mobile wallet is included in the DAPP.  You can also lock up (Stake) your tails for a period to earn a higher amount of tokens. As predicted earlier, tails is deflationary. It incorporates a burn mechanism. It however doesn’t use the conventional burning mechanism.

Market Cap and Liquidity Pool

According to team finance, tails has a way  $2, 100, 406 market capitalization. This is an okay market cap for a token that was just released a few months ago. You can argue that its progress has been slow compared to some other tokens.

The liquidity pool, which is currently valued at $157,376 is truly locked in team.finance for 100 years. That’s an outrageous level of commitment and belief in the tails project.

Developers behind Tails

The developers behind tails are unknown. I would have been worried if the contract is not been renounced and the liquidity is not so well secured. Fortunately, Tails have made it possible for investors to trust the token without needing to know the developers behind the project, by renouncing their ownership and locking up the liquidity for 100 years. The token is truly community-owned.

What investors are saying about Tails

On Youtube,  there is an argument over tails coin facing a future lawsuit, because the name product ‘tails’ is copyrighted as we said earlier.

On Discus, investors are hopeful the token will moon.

Conclusion

I think tails is legit absolutely and will steadily grow in the coming months, but they might face copyright issues in the future, with them adopting a sega-like posture.

3 Comments

    • Buy Eth, Go to Uniswap, put in ETH amount, then change the last two digits of the tails token from “00” to “99”, this will allow the swap to go through. I’m hoping this one takes off soon.

2 Trackbacks / Pingbacks

  1. Rainbow Token: Legit or Scam? - knowledgegapexpert
  2. MicroPets Review: Legit or Scam? - knowledgegapexpert

Comments are closed.