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raresea.org review

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The good things

  • NFTs are in fashion right now
  • Website seems to be working fine
  • The dev's address seems to be 0x0d6fe9894D31354755Dba734B4d81E89eBd1f7CE and they are using Binance to fund that wallet so if it's a scam and it becomes too big there is a way to know the scammer (file a police complaint and the police can ask Binance, I don't know if it really works or how long it takes)
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The bad things

  • There is a lot of competition for NFTs right now and they don't say anything about how they are different from openSea or Binance NFT
  • With NFTs they need to have very strong marketing and some partnerships so that people will notice them and use them, this does not seem to be the case:
  • Their twitter account only has 60 tweets and it's only them tweeting not their fans
  • Telegram group has 75k members in very shot time, it means they have added a lot of bots to give the impression that a lot of people are interested
  • In their roadmap, there is nothing after July so everything ends in 2 months not good at all
  • The presale is ending in 7 days but the transactions are not picking up speed (see image) so maybe not a LOT of people will join
  • There are only 3 ways to contact them in case of issue (website, twitter, telegram), those can be removed quickly if they decide to scam people
  • In the code the devs can pause the contract, if we knew them it would be ok but here it's concerning
  • Bad tokenomics: in the website Pre-sale price: 1 ETH = 10,000 SEA —> 1usd is equal to 4 SEA tokens, in twitter they lie and say Listing price: 1 SEA = 100USDT
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Conclusion

Scam, even the airdrop is not worth it

Last updated on 08 May 2022

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