Thoughts on Cherry ($CHER)?

[rik_khaos]

Hello guys.
looking to get some input on a new crypto blockchain project that just went public last week. At a first look they seem super legit, but they have a small community still...

Their website: https://cherry.network

and twitter: https://twitter.com/Cherry_Network

they recently posted a blog about what they're doing which seems pretty neat https://medium.com/@_Cherry/welcome-to-cherry-the-creators-network-de00aa09d704

What do you guys think? Is a good project to invest in early? Does it have x20 potential?

Thanks

[1714732495]

1714732495

[robao]

First time I hear of Cherry. Going to have a look.

[Soutie]

Am I correct in saying that Cherry is a blockchain being built for media?

[rik_khaos]

Am I correct in saying that Cherry is a blockchain being built for media?

It looks like they're using Substrate to create their own blockchain. And yeah their main differentiation is that their blockchain will apparently work really well for media applications like NFTs. This could be a really cool niche because there's tons of NFT marketplaces and even DeFi dApps, but they're all running on pretty under-optimized infrastructure like ETH or BSC. They could be using Cherry Chain instead!

[CutePanda]

$CHE (Cherry) has a pretty interesting project, i already followed them on twitter, and i think this project can become one of the hidden gem in the cryptospace, i think at least this coin have big potential to become the next x10 altcoins in the future, let's just stay alert on this coin.

[Soutie]

Am I correct in saying that Cherry is a blockchain being built for media?

It looks like they're using Substrate to create their own blockchain. And yeah their main differentiation is that their blockchain will apparently work really well for media applications like NFTs. This could be a really cool niche because there's tons of NFT marketplaces and even DeFi dApps, but they're all running on pretty under-optimized infrastructure like ETH or BSC. They could be using Cherry Chain instead!

This is great because from what I have experienced with NTFs so far were that they not working so great due to the fact that they trying to add it to chains not designed for it.

[Zarathustra]

Cherry core member here.
CHER isn't just a crypto project, it's a movement. Keep an eye out for our announcements. Super exciting.

[Naficopa]

For me, this is another project that tries to create a niche market for artists. I've seen at least 5 similar projects and they all ended up the same, which is a fall. See how extensive this project is. I don't think investors will be found and Cherry won't raise enough money to survive.

[rik_khaos]

.

But were all 5 projects independent blockchains? I think you're conflating different unrelated things. Cherry seems pretty new to me.

[HaekalZ]

$CHER is a quite good project after i checked and read the project itself, i also did some research on this project and read the whitepaper,
i think this altcoin can become the newest top 10 altcoin in crypto space later.
i predicted that the price of $CHER will hit at least $2-3 after this coin get release.

[nira09]

$CHER is a quite good project after i checked and read the project itself, i also did some research on this project and read the whitepaper,
i think this altcoin can become the newest top 10 altcoin in crypto space later.
i predicted that the price of $CHER will hit at least $2-3 after this coin get release.

Where is the project white paper? i haven't found it yet, what i found is a white paper will be released soon.
The research I'm finding right now on CHERRY is,
Twitter account created in December 2020
while their site
Expires On 2022-07-09
Registered On 2019-07-09
Updated On 2021-06-04

[Zarathustra]

$CHER is a quite good project after i checked and read the project itself, i also did some research on this project and read the whitepaper,
i think this altcoin can become the newest top 10 altcoin in crypto space later.
i predicted that the price of $CHER will hit at least $2-3 after this coin get release.

Where is the project white paper? i haven't found it yet, what i found is a white paper will be released soon.
The research I'm finding right now on CHERRY is,
Twitter account created in December 2020
while their site
Expires On 2022-07-09
Registered On 2019-07-09
Updated On 2021-06-04

The lightpaper is said to be published in the next few days - I'll be keeping an eye on it and post it here as soon as I get it.

[Xal0lex]

What do you guys think? Is a good project to invest in early? Does it have x20 potential?

The project barely gave 7X on the market, though I don't know how much that coin was worth during the private or public sale. Maybe something was earned there.



Now the project is stable at the bottom and judging by what Simplecryptoguide advertises it, I would not focus on this project, because it is very similar to the usual shithcoin.

Simplecryptoguide.com has created an introductory guide to Cherry (CHER) here: https://simplecryptoguide.com/how-to-buy-cherry/
The guide will take you through the process of buying, selling, moving, and storing your crypto. In addition to providing an overview of the project itself. 

[kurniawan05]

I think this cherry project seems legit, the team holds regular AMAs every week, in 3 weeks they will launch the mainnet, Blockchain Layer 1, I have also invested by buying cherry tokens, this month there seems to be a lot of interesting news about cherries.