Review on LoMoCoin by José A Rodríguez
A Multi-Service Blockchain with Unclear Purposes
LoMoCoin is a recent project whose major task is to provide a multi-service network. It seems to be good, but I do not understand well what they are really looking for. I think the company should decide what field supports more because although all of them are based on modern technology, the project requires much research. It is possible that due to it, they have lost a global audience and rating.
Raising and Falling Rapidly
The company entered the market offering good developments for the future of certain Dapps and other tasks users commonly do use the digital ecosystem. They released a platform that mixed all their ideas, but after months and months of work, they stopped being operative in the social media community. I think this is not so good because one of the first helping-hands of modern projects is the power the social media offers. Through them both the users and investors, and the company get benefits.
On the other hand, the company has ensured they provide multi-asset support, but this has not been proved. In fact, certain blockchain users and crypto-holders refused to give access to this network. I do not suspect it is a scam or a fraud, but I think it does not make a lot of sense because their purpose was changed.
I provide a screenshot that illustrates the last post of them on Twitter. Moreover, their users can certify they just looked for launching airdrops with funds not clearly defined. Likewise, the Telegram community, although more active, is full of external scammers that post messages for investing in other projects and the team does anything to ban them because of spam.
I recommend not following this project and I conclude it is not reliable. This is not because of their offers but of their lack of management and unbiased direction.
Pros
- They used to offer good Dapps and a pretty nice view for the mobile apps where all sections are organized following modern parameters.
- Good support for the current technology tasks. All processes are done with an exhaustive assessment.
Cons
- The company is in frequent development without finishing or advancing in their prior tasks and release sections.
- It has lost sense on the market, and today users do not know what is the true purpose they serve. The assets support is also an unfinished task.
- Lack of management and direction in every service they offer. Moreover, social media is not active, but full of fake investors.
