Verasity / TetherShort
VRA - King of Shitcoins
I won't spend much time analyzing this coin because I know a lot about it (I worked in the TG community management) - some key facts:
95% drop from all time high
Anon "CEO"
"working product" that doesn't work, even if it works nobody would want to use it
When metaverse was a thing, they said they're creating "veraverse"
When NFT's were popping, they said they're creating an NFT marketplace
When nodes were running crazy, they said they're creating "verafier nodes"
When Elon mentioned Twitter bots, they said they have the tech to fix it
Tokenomics are a disaster and the team is constantly dumping on you to fund operations
Axie Infinity botched the working relations with them instantly and without notice (major red flag)
Anon CEO + Cayman Islands registration + all the above = recipe for disaster
Only good thing is the cult-like following it has, so you can make some $ trading it when the cult is fired up and believing the teams lies
95% drop from all time high
Anon "CEO"
"working product" that doesn't work, even if it works nobody would want to use it
When metaverse was a thing, they said they're creating "veraverse"
When NFT's were popping, they said they're creating an NFT marketplace
When nodes were running crazy, they said they're creating "verafier nodes"
When Elon mentioned Twitter bots, they said they have the tech to fix it
Tokenomics are a disaster and the team is constantly dumping on you to fund operations
Axie Infinity botched the working relations with them instantly and without notice (major red flag)
Anon CEO + Cayman Islands registration + all the above = recipe for disaster
Only good thing is the cult-like following it has, so you can make some $ trading it when the cult is fired up and believing the teams lies
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