What do you think about SPA (SPERAX)

What do you think about this project, I am not trying to shill it I just want your opinions and lets have some speculations. Upon reviewing some details here, what I found is they have this protocol called BDLS and other features which you can learn more on their website. They have been broadcast by Yahoo finance, Bloomberg, coindesk, chainlink and many more. Their total supply is quite big, 5 billion but only 7.9% is in circulation.

Source: https://finance.yahoo.com/news/sperax-aiming-enable-decentralized-financial-131300123.html?
Tokenomics: https://spa.sperax.io/4.-distribution-and-unlocking-schedule
Sperax and Chainlink Live Q&A - Youtube: https://www.youtube.com/watch?v=qrK6pPOGp0k
Official site: https://sperax.io

To be honest, this is the first time I've heard of this project, for now it's too quick to say if this is a good project or a bad project.

On their website, I see big companies supporting them, let's just watch out this project, whether this project is really working with Y finance, Bloomberg and Chainlink.

brief reading about this project seems good, but there is a little bit that makes it less because of this https://t.me/sperax/37609, they made an amazing sale but unfortunately the sale resulted in other problems and also I'm confused by the statement they made, sperax not having an official exchange this is weird because they previously did mini ieo on hoo exchange and why they don't recognize hoo as their official exchange?

In my thinking.

Enough with some project about DeFi, did every project doesn't have their own idea and only can create DeFi or some project with a hype ide. The hype of DeFi and why they are really expensive just because less supply, stake reward and locked stocked who make their supply was really not so big at all on the community. Imagine, a thousand project with DeFi same as before they will be ended with fomo and everyone will losing.

IMO this is an old idea that has already used by 0x protocol as stated on its site that if it will be used as a protocol to facilitated the defi platform but with its own blockchain.

I don't wanna say this a bad project but this project didn't get a lot of attention from the traders even if this project has already touched the hardcap. The price is not giving a huge ROI for the early investors and you can see that here https://www.mxc.com/trade/easy#SPA_USDT

A repetitive project like this will be so difficult to catch the moment.

I'm amazed by the website. It looks like a website that's more on space. The first impression to them, they have no difference with the other projects that offer the same products as they.

Quote from: torrantz on August 24, 2020, 10:57:20 PM

I have visited their telegram group the admin says their official listing will be in Q4 (oct-dec) but these exchanges like MXC is listing it without their knowledge so basically it is a free listing not only MXC including uniswap some added liquidity and Hotbit. I believe those 3 exchanges I have mentioned is full of Bots and only few indivuals are trading it from public sale. Uniswap is very manipulated by some bots now doing buy and sell constantly even dump it. It is not the teams plans to list on those exchanges.

I would recommend you to not invest more than you are available to lose . It is a new investment and as we know more than 80% of startups fail after in first 3 years in crypto industry

Quote from: triangles on August 24, 2020, 07:46:12 PM

I am a little bit confused too but as what I have seen on their website their is no hoo exchange mentioned. This is not really new I have encountered a situation like this before a project is listed on an exchange without having the actual token itself it is like they are trading air so I guess the same situation happened with them. This sh*t exchanges can launch their own IEO if they spot a project with potential which is not really good for the project.

I don't know about this project, but here to state my opinion and possible thoughts. First, any project can be promoted by any news platform so far you are ready and willing to pay the neccessary fees as well as giving a nice report, those big websites will promote your project since it's a win to them also.
However, one of the possible ways to know how good a platform is or will be is the type of partners they have, since this shows the level of trust the project have. Also, a good vital point is the use case, many people always overlook this, but it matters as well. Another is the exchange it is listed on or the exchange the project team is willing to list on because this shows the height the project will likely grow to. And lastly, since most new projects can't be trusted, invest what you can afford to lose.

i just heard this project from this thread, butm when i go to the website, i think this new project will bring something different in this crypto world
because this project have a great features, and for sure i will learn carefully about this project now