Topic: Need help reviewing this project/token (Read 72 times)

Not at all!
Have a good one and I see that you are not flamed by the opportunity presented, so everything should be well and dandy.
And if it's not - you won't be losing much, and FOMO won't eat you up.

It makes sense from a company point of view to master a product and let it's user's do the marketing too

I've seen stock brokerages in India like Zerodha (now the biggest stock broker in India) take this route..
they polished their product over a decade and only around 2017ish their user base exploded with 0 marketing and ad dollar spend.


Having said that,
I do understand the crypto market is full of fast paced quick money marketing projects so it might be hard to compare it to traditional brokerages.

Overall I think I will go ahead and slowly add small amounts of XPRESS to my portfolio and increase it only if I see it grow over the next couple of months.

Sounds like solid advice @betswift
Thank you so much for taking the time to respond here

Great input.
Or OP can go into the token, but only with the money he would be okay to spend.
Because even though the product itself may be - good -, we can't be certain that the token would be pushed up just because the exchange is still there after all these years.
NFA.

Since you already mentioned the rampage spread of scam projects within your region, and have been using this exciting trading for some time now and have so far been satisfied with their service, I think that Ylu of all people should be in the best position to know if every other thing about the platform can be considered to be trustworthy, but if you ask me, I will say that you should at least limit your usage of that platform to the regular trading and not go into token investment since you already k iw that the price and performance of the coin/token have not been good because we can notice everything from their long time kn the market but yet a cheap toke. Price without any form of price activities and progress, so even if the price of this toke is cheap, you will still be standing the chance kf losing your investment or having to wait for a every long period to make any tangible profits.

I agree.. Indian exchanges disappear with your funds after a couple of years
much rather prefer a platform that's been around for 7+ years

the lack of proper marketing is why I think their token is so cheap even though the product is great..
and if you google them, you might find that there's good marketing activity in recent times

Can you link me to the old announcement? I'm unable to find the post, thanks

7 years speak for a fact about - something - in terms of how long the exchange is there, but leaving the thread like that - is not good, in the eyes of the community (at the very least).
So DYOR more, OP. And then make a shot.

Its a Bulgarian-based exchange, and this exchange and its token are new to our ears, and based on Whois, the exchange has already existed for 7 years.
They only had 10k downloads of their application; they lack proper marketing to become a competitive exchange and promote their token. I consider this a risky investment because the team lacks competitiveness in an industry where the more active are the ones surviving.
They had an announcement  here but this one is way back 2021 and the owner of that thread left it after a few months, This is not the kind of project I'll trust 100% of my money.

so I'm from India and most of the exchange apps here are either poorly built or down right scammy (WazirX anyone?)

I've been using this app now called CryptoXpress and really happy with it so far.
Trades are simple and smooth, I had mailed their support once and one of the founders responded to my request within minutes.. so good support too.
I can withdraw easily to my Indian bank account too so thats another plus (there's a slight delay of about 10 mins or so but that works for me)

Apart from trading the app seems to have flights and hotels booking using crypto and a giftcard + nft marketplace too (Haven't used so far, might use in the future)

I recently found out that they also have a token by the name of XPRESS listed on Gate.io trading currently at $0.042 which seems awfully cheap to me.

I'm not a seasoned trader/investor.
I just buy the "obvious" coins on the app like btc, eth, ltc, sol for long term holding

I love the product and use it on a daily basis but the crypto markets are insane and a good project doesn't allows correlate to a good token or vice versa lol (none of the memes coins make any sense to me lol)
I have a couple of thousand dollars in profit from selling some coins that I want to invest in some good projects..

Can someone help me evaluate this token better?

Thanks in advance,
Cheers!