Coin HealthCheck: Ethereum Meta (ETHM)
Meta (ETHM) is an nameless token of a crypto venture that goals to unravel privateness points on the Ethereum blockchain. Moreover that, the group behind ETHM seeks to make it the day by day fee technique of nameless marketplaces.
Launched again in 2018, Ethereum Meta stayed low for years. Then it started to get consideration after its super 1,743% rally in November 2021.
State of Venture:
Ethereum Meta sensible contracts allow direct nameless transactions that permit hiding purchases and quantities spent on them.
Nameless funds exist beside non-anonymous ones. Customers can convert ETH cash into nameless ETHMs, then ship, break up, or merge ETHMs and convert them again to ETH to finish an nameless transaction.
Token used for nameless black market funds.
Web site & Whitepaper:
Web site comes with temporary venture specs, roadmap, whitepaper, contact type, neighborhood hyperlinks, and hyperlinks to appropriate wallets.
Web site on WordPress, headlines and subheadlines don’t match typically, minor grammar errors.
Web site isn’t safe.
Whitepaper is a PDF doc. Devoted for 2018/2019, however hyperlinks to the web site for updates. No founders, no group.
Desktop and cellular wallets accomplished in 2018.
Ongoing enlargement to Ethereum Meta neighborhood.
Listed on crypto exchanges since This autumn 2019. The identical purpose is about till This autumn 2022.
Works on Good Contract Mixer improvement, which permits mixing transaction tokens in crypto wallets, thus operation on sensible contracts seems to be clear. The purpose was set for Q2 2018 has now shifted to This autumn 2022.
Growth of nameless, non-centralized on-line market (from Q2 2022 to This autumn 2023).
Similar purpose was set in 2018/2019 whitepaper. No explanations on what brought on a delay.
Funding by admins, free provides, and donations.
No information on the quantity of funds raised.
There is no such thing as a information offered concerning the venture’s founders, builders, advisors, or buyers.
Official web site lists decentralized exchanges and crypto information aggregators (CoinMarketCap, CoinGecko) as their companions.
Social media accounts: Twitter (NYSE:) (6.6K), Fb (NASDAQ:) (1.2K), Telegram (5.6K)
Reddit account hyperlinks to r/CryptoCurrency subreddit.
Common inactivity durations on Twitter. The longest one took greater than a 12 months (Oct 2019 – Dec 2020). The venture got here again with out rationalization.
Reposts and hyped messages on ATHs make up the most important share of Ethereum Meta’s social media content material.
Frequent posts of Ethereum Meta being a rip-off venture. Customers complain that pockets and promoting costs are fully completely different, swapping is just doable for a fraction of the listed value.
Max provide: 991 trillion
Circulating provide: 50 billion
Market Cap: $26 thousand
Buying and selling Quantity: Under $0.5M
Listed on 12 decentralized exchanges, together with PancakeSwap (V2) and OxProtocol (the complete checklist is right here).
Over 4.3K distinctive holder addresses on Ethereum community.
98% of Ethereum Meta tokens are within the hand of the whales, holding greater than 1% of circulating provide.
99% of the wallets maintain funds for greater than a 12 months.
Accessible with ERC-20 appropriate wallets and Binance Extension Pockets.
All-time Excessive (ATH): $0.04141247(March 2019)
All-time Low (ATL): $0.000000023224 (November 2021)
Huge rally of 1,743% on November 18th, 2021.
- Extra purple flags than trusted details. Ethereum Meta (ETHM) is devoted to fixing privateness points on the Ethereum community and is completely nameless itself. That is in all probability logical, however dangerous for normal retail buyers, who ought to maintain asking the query “why ought to I belief it?”
- The nameless group doesn’t appear to hassle investing its time and efforts into Ethereum Meta; the web site and whitepaper lack particulars and supply damaged hyperlinks, and the online web page isn’t even safe. The venture’s improvement is gradual, and the group repeatedly abandons its social media channels.
- Virtually the entire circulating provide is positioned within the fingers of a number of holders that don’t transfer them for greater than a 12 months. Buying and selling volumes are low, and market capitalization indicators there’s nearly no worth in ETHM.
- The pump-and-dump type ETHM value chart of November is vocal sufficient. Fixed complaints on points with Ethereum Meta ought to work as an alert.
- In abstract, it’s higher to steer clear of one of these funding, except you’re a black market participant and haven’t any different alternative.
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