Coindeal token CDL - Should I invest ?

[nadia001]

COINDEAL Exchange was launched at Malta in 2018. By this time they have managed to get ranked 47 in COINMARKETCAP based on liquidity.

Coindeal has 47 markets and also available in United States. They have partnered with Wolverhampton Wanderers FC a English football club to boost their existence.
https://i.imgur.com/BGLUvCS.jpg

They're planning to launch crypto debit card as soon as they reach targeted amount of users.
https://i.imgur.com/OD36zFe.jpg

Now come to the point, I have participated in their Airdrop in 2019. I forgot about it since I barely remember it. Now that I remembered it I go to their website and found that I have 514 CDL token (Their native token) in my account. The current price is 334 sats per CDL. They frequently run voting contest. i have won 300+ CDL from their voting contest and also will get 130+ CDL in next few days. Now I have over 900 CDL tokens in my account and the amount will be over 1000 CDL in next few days. They have launched staking feature past month and I can stake minimum of 1K CDL for 11% annual rate.
https://i.imgur.com/czvapKu.jpg

So my question is should I invest in CDL?


UPDATE
Thanks everyone for your time and suggestions. I've made a decision to further investigate about coindeal token. If everything goes well then I'll make a little amount of investment. And according to your suggestions I would try to invest in two most coins,
1. BNB from Binance
2. HT from Huobi

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[jossiel]

So my question is should I invest in CDL?

The volume for their token isn't so good. The exchange probably ranked because of the bitcoin trades that it had but for its native token, I don't see that it's a valuable token to invest. On their very own exchange, the volume isn't going that much.

coinmarketcap.com/currencies/coindeal-token/

https://coinmarketcap.com/exchanges/coindeal/

[Pffrt]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

[Mulann2]

If you would look at exchange coins like bnb, okb, kcs, ht, that are doing great as an exchange native coin/token, then the idea is not such a bad one, I think you should not just look at the volume alone but the supply, utility of the token and the exchange team, how credible  is the exchange, how committed the team are to the development of the exchange, then make your decision,  
You can always invest just a little amount if you think it is worth it.

[kopisusu]

~~~

So my question is should I invest in CDL?

It all depends on you doing your research. If you feel that CDL will give you a profit, invest now, but for me personally, I'm not too interested in this token.

[poodle63]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

It's not clear whether this is a scam project or not consider about there was no a scam accusation for this project and some people have been saying this is a good exchange site but just take it based on the demand that has already gotten by exchange site and it seems like this is not a recommended coin to invest. i do agree about that and it's better moving to a better one.

[nadia001]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

CDL has a price of around 200sats just a few months ago and after launching staking feature it goes to 500+ sats but for now it's traveling from 300~400 sats for past couple of weeks. So bit of confusion.

[ahmedtanjid]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

It's not clear whether this is a scam project or not consider about there was no a scam accusation for this project and some people have been saying this is a good exchange site but just take it based on the demand that has already gotten by exchange site and it seems like this is not a recommended coin to invest. i do agree about that and it's better moving to a better one.

I haven't found any scam accusations against Coindeal. I have used it for couple of times and I must admit they aren't that bad. I have some good experience in Coindeal. But if the conversation is about CDL then I might say you should have some extensive research about CDL.

[Grizman25]

Wolves are not Spanish but an English football club. 

[nicecrypto]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

It's not clear whether this is a scam project or not consider about there was no a scam accusation for this project and some people have been saying this is a good exchange site but just take it based on the demand that has already gotten by exchange site and it seems like this is not a recommended coin to invest. i do agree about that and it's better moving to a better one.

People call everything scam, ones they are not able to have their way then that thing becomes automatically scam, I would advice @op to do more research then decide, people call Binance a scam but even now bnb is among most selling exchange base coin out there,
If this coin has utility in the exchange that can bring demand for it, then maybe you should consider it.

[cryptoknightt]

So my question is should I invest in CDL?

The volume for their token isn't so good. The exchange probably ranked because of the bitcoin trades that it had but for its native token, I don't see that it's a valuable token to invest. On their very own exchange, the volume isn't going that much.

coinmarketcap.com/currencies/coindeal-token/

https://coinmarketcap.com/exchanges/coindeal/

I guess what you're saying is true, if to invest it means that the OP will hold the coin for a long time and the daily volume doesn't look good.
should choose coins that have a lot of daily volume and listings in a decent market.
except for doing daily trading no problem you buy any coins because once you get a profit you will immediately sell it.

[irixo10]

I hardly use this exchange, but the few times I had, there was no issues, nevertheless there have not been huge news about it when compared to other exchanges so I won't be mistaken for saying it isn't that prominent, however, matters about investing in any crypto depends on the investor and what he finds attractive in that project. Therefore in my own opinion, I will say you check the features and services about the exchange, how hardworking the team is, platform developments and so on and then decide if you will invest or not.

[nadia001]

People call everything scam, ones they are not able to have their way then that thing becomes automatically scam, I would advice @op to do more research then decide, people call Binance a scam but even now bnb is among most selling exchange base coin out there,
If this coin has utility in the exchange that can bring demand for it, then maybe you should consider it.

Thanks mate. Currently I'm working on that, finding all use cases of CDL.

[nadia001]

Therefore in my own opinion, I will say you check the features and services about the exchange, how hardworking the team is, platform developments.

All I found about the exchange is positive. They're always active on telegram and twitter. They recently released API based mobile app.

[rahmatullah9305]

CDL has a price of around 200sats just a few months ago and after launching staking feature it goes to 500+ sats but for now it's traveling from 300~400 sats for past couple of weeks. So bit of confusion.

If you feel confused about that, then just leave the CDL token and move on to tokens that are already popular, such as BNB, ETH, and others, and Coindeal exchange is also still in the very low exchange category and very few visitors come there.

[Divinespark]

When looking at the volume of this exchange at coinmarketcap, I will immediately stay away from this exchange. They list a lot of altcoins but no altcoins have any volume, and the current volume of this exchange comes from bots in buying and selling bitcoin. Do not invest in this project because there is too much risk of loss

[Pffrt]

CoinDeal is not a good exchange in my opinion. They don't have a lot of reputation. I don't think it would be a good idea to go with such an exchange token for investing. In long run, you may lose the BTC you invested.

It's not clear whether this is a scam project or not consider about there was no a scam accusation for this project and some people have been saying this is a good exchange site but just take it based on the demand that has already gotten by exchange site and it seems like this is not a recommended coin to invest. i do agree about that and it's better moving to a better one.

It's not a scam project of course and they are legit so far. They have partnership with  Wolverhampton Wanderers FC even which is a part of English Premier League. That makes sense that they are serious in there business but I don't think it’s worthy to invest in such an exchange token.

[KaratX]

I've heard about coindeal before and the 11% ROI looks legit since it's annual based, same rewards you can get from popular POS coins on today's crypto market, still I'd advice you to only invest what you can afford to lose

[jossiel]

So my question is should I invest in CDL?

The volume for their token isn't so good. The exchange probably ranked because of the bitcoin trades that it had but for its native token, I don't see that it's a valuable token to invest. On their very own exchange, the volume isn't going that much.

coinmarketcap.com/currencies/coindeal-token/

https://coinmarketcap.com/exchanges/coindeal/

I guess what you're saying is true, if to invest it means that the OP will hold the coin for a long time and the daily volume doesn't look good.
should choose coins that have a lot of daily volume and listings in a decent market.
except for doing daily trading no problem you buy any coins because once you get a profit you will immediately sell it.

The use case and having a product is there and that's already a check if we will base our contentment of what should a token and project be. But it's not the whole basis that we should have and we need to consider other things like the volume.

The difficulty of it having to sell is what if someday the volume dramatically decreases to the point that you're not expecting it and yet, you have invested a lot of money. That will be a hard day for you once if you let yourself caught off-guard.

[gweedo]

Why would you want to invest in such a small exchange? It is best to ignore this exchange and go to other better exchanges like Binance, OKex, Huobi ... These are the top exchanges in this market, and when you invest in them you will definitely be safer and more profitable