What do you think about CWT?

[Oshosondy]

There is an exchange called CoinW. I have just known about the exchange few days ago. It has a token which has been launched since 2020. The token is called CWT. I noticed this token has fallen significantly but I think this exchange may later become more known to people.

I first saw the exchange on Coingecko on top 10 lists of derivative exchanges, but not there among those spot market because it is below if compared to those well known exchanges.

I do not really like how the exchange is for now but it is not bad at all than what we can say is very good but not excellent to me. What do you think of the exchange and its token?

Is CWT another shit token or it still has bull run hope in 2027/2029?

[asriloni]

https://defillama.com/cexs

CoinW is a manipulated exchange site. It has 2.4b volume, but it only has less than 1m tvl. The performance of exchange site has been so shite ever since it was introduced. Low TVL, fewer users, so many scam accusations against it. It's also being reflected from how CWT was traded around a half of a dollar at 2021, and it's only 0.125 USD now.

It's not a good exchange coin to hold caused by the exchange site has never been getting any better.  Unless, you're being a degenerate that is willing to gamble on a random pump occurred at coinw exchange due to the manipulation.

[passwordnow]

Is CWT another shit token or it still has bull run hope in 2027/2029?

I will avoid it, coinmarketcap says this;

CoinMarketCap has not verified the project's market cap. However, according to the project, its self-reported circulating supply is 0 CWT with a self-reported market cap of $0.

So with the hopes of the bull run for this token, we'll never know because many things can still change for that period. But as of now if this is what we're talking about, I won't put any penny on it. Just saying because too many hypes are still there and people gets the attention and FOMO from coins like this.

[Alonso_]

I haven’t really heard much about this coin or token that you’re talking about, I believe if it was something that has a good credibility I think it would’ve been popular and everyone would be talking about it, but right now I don’t think so many people would be putting there money on it, personally I’m going to avoid it before I get myself into a mess, but I will keep watching this coin and token to see how it goes for the future maybe I can then give it a try, but for now I will pass over it until my cup runneth over.

[Dunamisx]

There is an exchange called CoinW. I have just known about the exchange few days ago. It has a token which has been launched since 2020. The token is called CWT. I noticed this token has fallen significantly but I think this exchange may later become more known to people.

For long-term investors they may try to take the risk on investing in this exchange token, but first of all, you have to also be assured of the exchange and see how recognize it was, this may give us the direction to what we may possibly expect in the future about this exchange itself and the token it has introduced, lastly everyone into investment should take this as warning to engage research before investing.

[Oshosondy]

I bought the coin with $20 when bitcoin was around $65000. Bitcoin later went to $75000 but I was losing I think almost $3 from the coin. A coin that does not grow while other coins in the market are growing. That was enough to discourage me and I sell the coins immediately I noticed that. I do not think the coin is worth buying.

[hugeblack]

Those platforms manipulate trading volumes to achieve higher rankings. By purchasing this token, you risk the possibility of something happening (a hack or exit scam) to the platform, potentially causing you to lose your entire investment. Furthermore, the token's potential for appreciation is not guaranteed, making the risks far outweigh the expected profits.

That was enough to discourage me and I sell the coins immediately I noticed that. I do not think the coin is worth buying.

A wise decision.