Remember Bob from earlier, the one who wrote the El GG review?

If we put ourselves in Bob's shoes and visit this website, we might be impressed and give them the benefit of the doubt. However, if Bob is wise and conducts his own research, he checks Cyrator and discovers that there were some concerning answers during an AMA session. These red flags are not apparent beforehand when visiting the website, but is when diving deeper..

Based on this information, I decide to trust my fellow analyst and refrain from further investigation. While the website looks good and the team is transparent, with all the necessary paperwork, a spokesperson should be capable of answering basic questions. If the company's leader cannot do so and there are questionable aspects in their tokenomics, I would opt for one of the numerous layer one projects that already possess functional utility.

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Jeroen

1 star with 0 hesitation.

I've seen the same presentation as LB and it was hands down the worst I've ever seen. Their Founder, Co-founder and CSO all spoke and it was just a feast of arrogant feature and name dropping without explaining a single technological aspect (even upon being asked) or a shred of credibility. I'm paraphrasing, but they basically said "we're solving all blockchain problems ever, will become a trillion dollar company and you can get in at a 50M valuation (or something like that), and if you don't then you're stupid.

It felt like they've decided to pack 100 red flags in a bag and dish them out one after the other for 90 min straight.

Some people still give projects like these the benefit of the doubt and want to dive into their whitepaper, etc. I implore you to value your time more highly. Every gem is hidden beneath 20 regular projects and every regular project is hidden beneath 20 scams. My advice is to drop a project once you see the 3rd red flag (or even earlier). Let's spend our community's time on projects that deserve it.

1 star with 0 hesitation. 

I've seen the same presentation as LB and it was hands down the worst I've ever seen. Their Founder, Co-founder and CSO all spoke and it was just a feast of arrogant feature and name dropping without explaining a single technological aspect (even upon being asked) or a shred of credibility. I'm paraphrasing, but they basically said "we're solving all blockchain problems ever, will become a trillion dollar company and you can get in at a 50M valuation (or something like that), and if you don't then you're stupid. 

It felt like they've decided to pack 100 red flags in a bag and dish them out one after the other for 90 min straight.

Some people still give projects like these the benefit of the doubt and want to dive into their whitepaper, etc. I implore you to value your time more highly. Every gem is hidden beneath 20 regular projects and every regular project is hidden beneath 20 scams. My advice is to drop a project once you see the 3rd red flag (or even earlier). Let's spend our community's time on projects that deserve it.

Layer One X L1X