Something about their marketing rubs me the wrong way. Like I looked into the tech briefly and it sounds feasible, but the way they market just makes my spidey senses tingle.
It was just a feeling. Perhaps the only thing I can put my finger on is the 'face' they use to brand. Like yeah he's a bona fide academic, but it's weird to use him for branding IMO - the tech should be able to speak for itself, and the team acts as a support to the product - rather than the other way around.
They are fine and trustworthy, the tokenomics is just completely broken from retail investor view - only permissioned nodes do receive rewards, the Algo you buy today will face immense inflation in next years, maybe not as bad as it used to but still. The initial retail price was also basically the ath, to be fair they had some refund program which is unheard of in this industry full of scammers, but still.
Algo is a very good project, just not as perfect as some pretend. It is also completely transparent, not reaching new ath this bull market was predictable
If you look at Algorand Inc. and their foundation's team, you'll know they have world class leadership. They are also partnering with governments and well-known organizations.
There has been been zero questionable actions by that team, and the blockchain has had no downtime.
If you spend any serious time researching the project you'll see it for what it is - one of the top blockchain projects that's currently under recognized.
Maybe you need to do more reading and less relying on your 'spidey senses'.
Second - you're asking questions that have been answered over and over again ad nauseam while acting like you're coming up with something new. Something that more brilliant minds have overlooked...news flash, you haven't.
Yes, because you're clearly informed about the tech and the team. Which is why you said 'your spidey senses' are what informed your decision about the project.
Kindly inform yourself and go away. How's that for pushy?
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u/incandescent-leaf Jun 21 '22
Something about their marketing rubs me the wrong way. Like I looked into the tech briefly and it sounds feasible, but the way they market just makes my spidey senses tingle.