Is BRC20.COM a legit project?

[highalch]

The COM token is said to have the 7th largest market cap as BRC20. But besides these numbers,
I could not confirm whether the promised software is being developed for real, or anything is happening with the project.
The developers are not known, the code is not known. Can you help me with this?
(I'm not trying to dox them, I just need a confirmation that this is more than a pump and dump)

[1715079764]

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[BitMaxz]

Currently, COM is listed on Coinmarketcap but not in Coingecko, and according to Coinmarketcap the current position of BRC20.com in market cap is #2263 which is far beyond the 7th largest market cap.

This token can be traded on 8 exchanges not listed yet on big exchanges.
About their plan and development activity check their telegram and white paper on Coinmarketcap.

- https://coinmarketcap.com/currencies/brc20-com/#About

[highalch]

I meant the 7th largest BRC20, not amongst all cryptos. Took this number from dashboard.brc20.com

[bluebit25]

I meant the 7th largest BRC20, not amongst all cryptos. Took this number from dashboard.brc20.com

I know about this cryptocurrency, in your opinion, "what is legality?"

To me it's basically a qualified altcoin listed on some pretty quality exchanges so what more could you want?

The problem with altcoins or similar to bitcoin is that it is recognized without paying attention to the information surrounding it. Although some things are forced, nonetheless, on its scale, it is acceptable to this on the brand name causes attraction.

[Fundamentals Of]

This is just one of those kinds of projects that are quick to take advantage of the current trend. I see nothing special about this project. It's just that the people behind this project could have the money. This was even featured in Bitcoin Magazine. It has also raised more than a million USD to help its development. But I see no future for this kinds of projects, shallow and meaningless. But since BRC20 is trendy nowadays, this could also attract some market. But you need to be very careful. This kind of project also vanishes quickly.

[Kelward]

This is just one of those kinds of projects that are quick to take advantage of the current trend. I see nothing special about this project. It's just that the people behind this project could have the money. This was even featured in Bitcoin Magazine. It has also raised more than a million USD to help its development. But I see no future for this kinds of projects, shallow and meaningless. But since BRC20 is trendy nowadays, this could also attract some market. But you need to be very careful. This kind of project also vanishes quickly.

Important thing is that the coin is listed, so just like any other enticing projects, it might live up to it's potentials or it might not, and I guess that OP has done some background checks on this COM project, so it's to make a decision that's left for him now. Although I think that just like other promising projects, it might just be worth giving a shot at, but he has to understand that buying new altcoins is sort of gambling, so you get what you see. If he wants to go ahead, I'd advise him to remember to put money that he can afford to loose.

[jacafbiz]

.COM token is legit, the problem with BRC20 tokens has compared to ERc20 tokens is that most of them are unknown to many people, to me the ordinal space is just getting started and will likely deliver many $1 billion market cap project this cycle, reason being that most of them will be pumped to reach parity with those that are on Ethereum ecosystem

[pakhitheboss]

You would be ignorant to understand the possibility of the BRC-20 token in the future. They have been spamming the network which they were not supposed to do it. The reason for them to become an unstoppable issue for Bitcoin is the reasoning behind it. A lot of investors are spamming the network for it to be on the Bitcoin chain and that is a concern.

Considering how Bitcoin has been for years now, such an innovation is problematic as per my understanding. I am not going to question them as they did nothing wrong, the reason to support it is the developers have allowed it. If they can as in the developers who are working on the blockchain can find a way to stop this kind of spamming is something needed urgently.

[Mate2237]

The COM token is said to have the 7th largest market cap as BRC20. But besides these numbers,
I could not confirm whether the promised software is being developed for real, or anything is happening with the project.
The developers are not known, the code is not known. Can you help me with this?
(I'm not trying to dox them, I just need a confirmation that this is more than a pump and dump)

Op what you are trying not bad and it is very good because even me too is not really sure of the genuinety of the project. But from what I saw it runs parallel network with bitcoin probably they are the projects causing the congestion of the Bitcoin Blockchain. And the Market cap of the token is $3.49, the token is not doing bad and one can invest in it.  I don't think the token will have bad value in the future. Yes as you said, it is good to confirm the token before doing anything with it. You can see here too. https://www.coingecko.com/learn/brc-20-tokens

[Bureau]

I don't like BRC-20 token the reason being it is a token that is spamming the network. Due to it the Bitcoin transaction fees are very high. I don't think this token would stay long as it is something created to make Bitcoin similar to Ethereum.

I am not sure about it's potential in the future. What I feel is that this hype will go down. If not then things would remain same.

[Bitcoin_Arena]

Only gullible users waste their time and money into such projects that have nothing new to offer. Just riding on the hype and FOMO

I mean, just look through the website's home page and all they are blubbering about is Defi, mobile wallet, cross‑chain bridge, multi-mint, marketplace, staking... What is new here? Nothing!

[jaberwock]

.COM token is legit, the problem with BRC20 tokens has compared to ERc20 tokens is that most of them are unknown to many people, to me the ordinal space is just getting started and will likely deliver many $1 billion market cap project this cycle, reason being that most of them will be pumped to reach parity with those that are on Ethereum ecosystem

It may be legit but the question is if they can survive for a long time? I think this was only created because BRC20 is still fresh. You know, the hype is still there. But yes, it is still unknown to the many. It may need some time before they got aware with it. If many projects are created with a good potential.

An 1 billion market cap that you are saying might be possible. But, I don't think ERC20 and others will let this happen easily. They will also try their best to stay on the lead. Some of them won't feel jealous but they are only going to get motivated to improve. If only things work this way, then we can say that BRC20 isn't really a bad thing.

[jrrsparkles]

The COM token is said to have the 7th largest market cap as BRC20. But besides these numbers,
I could not confirm whether the promised software is being developed for real, or anything is happening with the project.
The developers are not known, the code is not known. Can you help me with this?
(I'm not trying to dox them, I just need a confirmation that this is more than a pump and dump)

After reading the replies of this thread, the project you are talking providing flase information which itself a red tag and I won't trust them for any reason if the project is involved in such kind of promotion. ORDI is the actual one got hype now followed by many others but these are not going to last even for months so better find a real coin than investing on bump and dump tokens.